Topic: 2024 Bitcoin Halving - What are Your Expectations!!! - page 3. (Read 3754 times)

If you read Bitcoin history you can see that everything that's happening now has already happened before.

Exchanges going out of business, people losing their money, mainstream media talking negatively about Bitcoin, etc.

Bitcoin price fluctuation in the short term based on multiple factors, but with a steady long term increase.

The fact that Bitcoin is still alive and well after more than a decade means that it's here to stay now.

Price will continue to oscillate as it usually does.

~snip~
I guess most btc OG's have the same confidence about the future value, at some point the nooks with less confident will be flushed out or learn to understand the power of btc and eventually find their confidence.
Bear market has a way of shaking people especially the noobs but for those who have the nerves to stick around will get use to the turbulence 

~ I'm confident Bitcoin will be much more valuable in the future. It's just experiencing some "hiccups", just as it's the case with any new technology that comes in the mainstream world. Bad actors will eventually be "washed out", paving the way for good actors to take control of the industry. If the global economy recovers by 2024, there would be nothing stopping BTC from reaching a new ATH in price. The FTX collapse (just like the Mt. Gox collapse back in 2014) will only become history. Who knows if someday Bitcoin destroys Fiat for good? Just my thoughts

Noobs are usually the ones who think Bitcoin is dead after the collapse of a major crypto exchange. But crypto veterans like myself know there's a lot more to Bitcoin than meets the eye. It's a revolution that's bound to challenge Fiat's existence in the mainstream world. With Bitcoin, people get to enjoy true financial freedom without the fear of censorship from the government. It's value comes from being a decentralized and censorship-resistant cryptocurrency no one can shut down no matter what. Not to mention, it has a finite supply of only 21m coins.

I'm confident Bitcoin will be much more valuable in the future. It's just experiencing some "hiccups", just as it's the case with any new technology that comes in the mainstream world. Bad actors will eventually be "washed out", paving the way for good actors to take control of the industry. If the global economy recovers by 2024, there would be nothing stopping BTC from reaching a new ATH in price. The FTX collapse (just like the Mt. Gox collapse back in 2014) will only become history. Who knows if someday Bitcoin destroys Fiat for good? Just my thoughts

And yet for some reason many people see FTX's collapse as something similar to the world's end. Don't they know what happened to the first, to the number one Bitcoin exchange at the time, Mt. Gox? What was the price of BTC at the time of MtGox's collapse, and what was happening to the price during the following years? If they don't know, they can google about it, and all the info will lead them to conclusion that they have all the right to be optimistic about the times of the next Bitcoin Halving.

The problem is some people often jump to conclusions too quickly mostly to negative news, all they see is the worst happening, the world is crumbling.
During the Collapse of Mt. Gox btc was not this popular with so much support from different parts of the world, yet btc was able to fight back and break ath several times.
I think btc has already proven time and again that nothing can bring it down, not the collapse of any cex exchange. I hope people can see that and stop doubting the ability of this great tech to go back up.    

And yet for some reason many people see FTX's collapse as something similar to the world's end. Don't they know what happened to the first, to the number one Bitcoin exchange at the time, Mt. Gox? What was the price of BTC at the time of MtGox's collapse, and what was happening to the price during the following years? If they don't know, they can google about it, and all the info will lead them to conclusion that they have all the right to be optimistic about the times of the next Bitcoin Halving.

The industry is being cleaned from malicious actors as we speak. Slowly but surely, crypto will become a trustworthy place for investors and traders to "hangout". New things just need time to mature. By 2024, it's expected Bitcoin's price will increase as the number of coins earned per block will be cut in half. Just because there was a major collapse from the world's second-largest crypto exchange, doesn't mean it's the end of the world.

Of course, there's also the issue of the Russo-Ukraine war and the COVID-19 pandemic. But I believe crypto (especially Bitcoin) will emerge stronger than ever after the tide is over. The future holds many surprises, so we can only hope for the best. Just my opinion

I am expecting as everyone that price to hit 100000 dollars a Bitcoin for sure. I am expecting some new adaptations with crypto through world. In 2024 I think crypto adoption will finally increase a lot, many people will start to use crypto in everday life. Possibly 3x more than today. I also expect some exchanges to fail through this time even if Bitcoin keeps going up. Fraud exchanges will definitely keep dying.

                         


                                               What is the Bitcoin Halving (Halvening)?
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the number of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half.

In 2012, the number of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block.

In the upcoming 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC.

                                               Bitcoin Halving Dates History
      
         2012 Halving
The 2012 block halving was the first halving and happened on November 28th, 2012. The halving block was mined by SlushPool by someone using a Radeon HD 5800 miner.

New BTC Per Block Before: 50 BTC per block
New BTC Per Block After: 25 BTC per block
Price on Halving Day: $12.35
Price 150 Days Later: $127.00

       2016 Halving
The second halving occurred on July 9th, 2016.

New BTC Per Block Before: 25 BTC per block
New BTC Per Block After: 12.5 BTC per block
Price on Halving Day: $650.63
Price 150 Days Later: $758.81

     2020 Halving
The third halving occurred on May 11, 2020.

New BTC Per Block Before: 12.5 BTC per block
New BTC Per Block After: 6.25 BTC per block
Price on Halving Day: $8821.42
Price 150 Days Later: $10,943.00

     Current Bitcoin Block Subsidy
The current Bitcoin block subsidy is 6.25 bitcoins per block. When block 840,000 is hit in 2024, the subsidy will drop to 3.125 bitcoins (BTC) per block.


Source

The next bitcoin halving is less than two years, to me, this period will be different because, for the first time, I really am paying attention to important aspects of btc and keeping myself updated as well.
I can't really say much about previous halving other than just reading about them (probably because I was not holding btc) but now is different because I have been accumulating in every little way I can.

So dear colleagues, What are your expectations? other than price increase  
*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......

~ I'm in no hurry to see Bitcoin valued between $100k - $1m, as long as it works as intended. Utility is much more important than just market prices. For what I know, nothing is set in stone. Who knows what the future holds for Bitcoin? Just my thoughts

The expectations of many BTC holders including me. Although there is a lot of concern because there is an issue that the world economy will experience a downturn. Many economists predict a recession. Because economic growth is below target. There are also those who say that this recession is a state of economic crisis that is bigger than it has ever been. But this situation I hope does not make BTC holders weak and sell all their assets.

Something like this was happening in the past, and will happen in the future. And we always were having skeptics. I read in the history of Bitcoin that when BTC hit $1 USD for the first time many people were saying that it would surely go down from there. "1 BTC can't cost more than 1 dollar! It's overpriced!", something like that. And we know what happened next.

I didn't expect anything other than a price increase.
He will become more popular when the ratio hits a new high. The expectations you mentioned are all things that will happen after Bitcoin hits a new high.
If the price of Bitcoin is still going downhill after the halving, then these expectations are unlikely to exist.

 
So dear colleagues, What are your expectations? other than price increase  
*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......

~snip~
Something like this was happening in the past, and will happen in the future. And we always were having skeptics. I read in the history of Bitcoin that when BTC hit $1 USD for the first time many people were saying that it would surely go down from there. "1 BTC can't cost more than 1 dollar! It's overpriced!", something like that. And we know what happened next.