2024 Bitcoin Halving - What are Your Expectations!!! - page 5.

lepbagong

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Quote from: boyptc on November 03, 2022, 09:07:32 AM

Quote from: Quidat on November 02, 2022, 04:19:16 PM

Quote from: boyptc on November 02, 2022, 03:57:25 PM

Next halving is in 2024, not 2022.

But thinking of $1M is unreal if we're on the current days. $1M is possible but we don't know how long it shall take since the market has been growing and more adoption is occurring.

Well, it could be quicker than expected just like the last bull run that no one has ever thought it will be huge and would surpass a past ATH.

Its totally unreal or people should rather be expecting on something which is on realistic side at least.Im not saying that Bitcoin doesnt have the potential but it would be rather on sticking on numbers

which turns out to be that near on the current ATH which $100k would be something realistic and talking on maximum of 200k but its true that no one really knows on when it would gonna happen

because on that value which does indicate that we do really need that adoption on higher scale or something that correlates with recognition which is something that cant happen
on a short period of time.

Sky is the limit but it will require a lot of years until we see that ceiling. But for now, I agree that we should be realistic with the numbers and $100k is realistic and many thought that last bull run may reach it.

$200k is going to be the speculated peak if ever we see bitcoin hits $100k.

But as of now, we're not yet there and will have to be more patient because this bear market might take a year and a half more.

Clearly, the bear market is still ongoing and will likely occur until 2023, when it will be expected to enter the phase of the world economic crisis.
so of course it is clear that the upcoming halving phase is a highly anticipated one, it is hoped that changes will occur at that time, of course it is estimated that the movement will start to improve.
I think it's realistic that the prediction in 2021 at a price of $100K will happen. looks like it will be achieved in the halving phase of course, hope that it will continue to move and can make a surprise to form a renewable ATH.
now is just a matter of waiting and could use a good time to keep adding to the savings.

jinmioluwaseyi

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Quote from: swogerino on October 05, 2022, 05:33:17 AM

I see based on the above history which you made an 150 days approximate that it will go further up and that cannot be stopped in any way.However to make a better comparison it is this one I am going to make below:

Halve of 2012
Price of 1.5 year later end of 2013 1100 dollar from a really low one

Halve of 2016
Price 1.5 year later we had the massive first all time high in December 2017 at 20.000 dollars

Halve of 2020
Price 1.5 year later we had another the biggest all time high in October 2021 at near 68.000 dollars

Based on history now after that halve I expect a huge new all time high.

expecting a big all time high in 2024

Abiky

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Quote from: 2stout on October 30, 2022, 12:09:22 AM

I hear you but I'm fine even if it doesn't happen in the timeframe I think I will. I don't believe COVID-19 will have much of an effect on Bitcoin price since Bitcoin hit its ATH during the pandemic. Also recessions happen all the time in a cyclic manner, every so many years. Everything will go back up and Bitcoin will be a part of it; it's all about the long game.

I hope the recession comes to an end soon, or Bitcoin would never reach a new ATH in price again. We need to make sure Bitcoin decouples from the traditional stock market's movements, so it could become an independent asset of its own. You can see that BTC's been going down in price just like what's been happening with tech stocks today. Not to mention, the FED's rising interest rates (monetary policy) are putting heavy pressure on market prices. If only Bitcoin could become impervious to what's happening in the mainstream economy, then it would've become a better safe-haven in times of need.

Gold has been doing well, even though everything's been going down at a very fast pace. If that's the case with a centuries-old store of value, then why can't Bitcoin do the same? We're still in Bitcoin's very beginnings, so it's likely subsequent halvings will make Bitcoin a better safe-haven against traditional Fiat currencies. Just my opinion

boyptc

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Quote from: Quidat on November 02, 2022, 04:19:16 PM

Quote from: boyptc on November 02, 2022, 03:57:25 PM

Next halving is in 2024, not 2022.

But thinking of $1M is unreal if we're on the current days. $1M is possible but we don't know how long it shall take since the market has been growing and more adoption is occurring.

Well, it could be quicker than expected just like the last bull run that no one has ever thought it will be huge and would surpass a past ATH.

Its totally unreal or people should rather be expecting on something which is on realistic side at least.Im not saying that Bitcoin doesnt have the potential but it would be rather on sticking on numbers

which turns out to be that near on the current ATH which $100k would be something realistic and talking on maximum of 200k but its true that no one really knows on when it would gonna happen

because on that value which does indicate that we do really need that adoption on higher scale or something that correlates with recognition which is something that cant happen
on a short period of time.

Sky is the limit but it will require a lot of years until we see that ceiling. But for now, I agree that we should be realistic with the numbers and $100k is realistic and many thought that last bull run may reach it.

$200k is going to be the speculated peak if ever we see bitcoin hits $100k.

But as of now, we're not yet there and will have to be more patient because this bear market might take a year and a half more.

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Quote from: Rengga Jati on November 02, 2022, 06:59:25 PM

... In addition, commonly, Bitcoin will be always hyped again in the bullish era, I really expect that many more people will know about Bitcoin, accept it, and also use them for more benefits.

This always happens after every bitcoin enters a new bull run, just looking at the history we can easily see. In 2021, many companies and countries have started to enter the market because the price of bitcoin caught their attention and they started to learn about bitcoin. Similarly, I also believe that when the bitcoin price rises again, people will pay more attention and interest in it, because the higher the bitcoin price, the safer it is.

Quote from: Sarah Azhari on November 02, 2022, 08:13:03 PM

But I still confusing when look how the Dollar rule the world, Dollar don't have limited supply, the government can anytime print the money, but I don't know why the Dollar is very strong to beat Euro and Pounds, this mean the total supply is not affected?.

The value of fiat currency is determined by the economic situation of each country, The US is the number 1 power in every field and they control the world so it is not surprising that the USD is higher than other currencies. they are like the banker and we are the players.

nullama

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Quote from: Sarah Azhari on November 02, 2022, 08:13:03 PM

~snip~
So, does this means the transaction fee is become halving too? If this happens, that possible for all predicted price become to true, 100k, 500k until 1 M.

But I still confusing when look how the Dollar rule the world, Dollar don't have limited supply, the government can anytime print the money, but I don't know why the Dollar is very strong to beat Euro and Pounds, this mean the total supply is not affected?.

Transaction fees are set by the sender. Higher fees get processed faster because miners get to choose which transactions to include in the block they mine, and they usually want to put the highest paying transactions to maximize rewards.

See block 761459 for example

The miner got paid the current block reward of 6.25BTC plus 0.232BTC in transaction fees. The more people using the network, the higher the fees will end up being to be included in the next block.

You can see that eventually the transaction fees will be larger than the block reward that keeps halving over time.

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Quote from: nullama on November 01, 2022, 07:27:12 PM

After the 2024 halving the block reward will be 3.125 BTC, which still is a reasonably larger number than the current transaction fees.

I reckon we still have about a decade or so of price changes based on the halvings. After that, transaction fees will start to become more important than the block reward so the halving effect in price will be less noticeable, and probably the price will become a bit more stable.

So, does this means the transaction fee is become halving too? If this happens, that possible for all predicted price become to true, 100k, 500k until 1 M.

But I still confusing when look how the Dollar rule the world, Dollar don't have limited supply, the government can anytime print the money, but I don't know why the Dollar is very strong to beat Euro and Pounds, this mean the total supply is not affected?.

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Quote from: nullama on November 01, 2022, 07:27:12 PM

After the 2024 halving the block reward will be 3.125 BTC, which still is a reasonably larger number than the current transaction fees.

I reckon we still have about a decade or so of price changes based on the halvings. After that, transaction fees will start to become more important than the block reward so the halving effect in price will be less noticeable, and probably the price will become a bit more stable.

By that time, bitcoin adoption will increase and in any case, the price of bitcoin will be more stable regardless of other factors like block reward or transaction fee significance.

I expect bitcoin to cross $100,000 and it should trade anywhere near 140,000$ - 150,000$. Last year bitcoin reached 60,000$+ while the all time high in 2017 was around 20,000$, so it was a 3x increase in price.

This time around i expect bitcoin to go 2x increase from its last all time high which makes the bitcoin price anywhere about 130,000$.

Rengga Jati

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After Bitcoin halved, the most thing to expect is always the new ATH. although this will not be directly skyrocketing, Bitcoin price will commonly pump up after several months of halving. And I am sure that everyone will expect the new ATH after halving. In addition, commonly, Bitcoin will be always hyped again in the bullish era, I really expect that many more people will know about Bitcoin, accept it, and also use them for more benefits.

Quote from: lionheart78 on November 02, 2022, 04:31:23 PM

I expect Bitcoin price after the 2024 halving would surge to $100k+. Taking the ratio of the previous ATH, I arrive at such speculation. I believe the next ath will rarely double the current ATH because of the price-to-demand ratio. It is would be harder for the recent ATH of Bitcoin to do the previous percentage increase because it needs way more fund.

That's it.
We expected Bitcoin price to reach $100k in the previous bullish era, but this didn't happen. That is why this expectation may be filled in the next bullish after the Bitcoin halves. There must be not easy to reach the price or rate because we know that many parties still don't like Bitcoin and will always spread FUDs about Bitcoin. But here, I am pretty sure that society is more aware again of crypto and will accept more about it. That is why let's wait Bitcoin to reach exactly $100k or more.

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Quote from: Quidat on November 02, 2022, 04:19:16 PM

Quote from: boyptc on November 02, 2022, 03:57:25 PM

Quote from: mirakal on November 02, 2022, 01:10:53 PM

I agree! Expecting a $1 Million per bitcoin is not likely and too unrealistic for the next bitcoin halving somewhere in 2022, remember that we haven't crossed the $100k mark yet as the last ATH was listed for $69k last November 2021 and the market declined weeks after the ATH. Let's expect a much realistic price so that we won't get disappointed because there are other factors to consider before we set some prices, we may see as twice as much from the last ATH for the next halving, no more than $180k.

Next halving is in 2024, not 2022.

But thinking of $1M is unreal if we're on the current days. $1M is possible but we don't know how long it shall take since the market has been growing and more adoption is occurring.

Well, it could be quicker than expected just like the last bull run that no one has ever thought it will be huge and would surpass a past ATH.

Its totally unreal or people should rather be expecting on something which is on realistic side at least.Im not saying that Bitcoin doesnt have the potential but it would be rather on sticking on numbers

which turns out to be that near on the current ATH which $100k would be something realistic and talking on maximum of 200k but its true that no one really knows on when it would gonna happen

because on that value which does indicate that we do really need that adoption on higher scale or something that correlates with recognition which is something that cant happen
on a short period of time.

Right, but I still vividly remember 2017's all time high, the conservative expectations is around $5k, there was even a thread about it. Nevertheless, we have seen what is the price in December that year and it's all time high.

On the other hand, there was also a prediction after that, we will hit $50k in 2018, obviously, it didn't happen as well.

So there could be a prediction that can be a hit or miss. So same thing will happen in the next bull run in 2024, others could give estimates of about $100k and there could be expounded it as high as $300k. Nobody knows for sure.

lionheart78

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I expect Bitcoin price after the 2024 halving would surge to $100k+. Taking the ratio of the previous ATH, I arrive at such speculation. I believe the next ath will rarely double the current ATH because of the price-to-demand ratio. It is would be harder for the recent ATH of Bitcoin to do the previous percentage increase because it needs way more fund.

Quote from: Quidat on November 02, 2022, 04:19:16 PM

Its totally unreal or people should rather be expecting on something which is on realistic side at least.Im not saying that Bitcoin doesnt have the potential but it would be rather on sticking on numbers

which turns out to be that near on the current ATH which $100k would be something realistic and talking on maximum of 200k but its true that no one really knows on when it would gonna happen

because on that value which does indicate that we do really need that adoption on higher scale or something that correlates with recognition which is something that cant happen
on a short period of time.

I have the same thought, it is more realistic for BTC to reach $100k plus than $200k but then we all know that the Bitcoin market is unpredictable so anything goes, downtrend is also a possibility even though it has a slim chance.

Quidat

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Quote from: boyptc on November 02, 2022, 03:57:25 PM

Quote from: mirakal on November 02, 2022, 01:10:53 PM

I agree! Expecting a $1 Million per bitcoin is not likely and too unrealistic for the next bitcoin halving somewhere in 2022, remember that we haven't crossed the $100k mark yet as the last ATH was listed for $69k last November 2021 and the market declined weeks after the ATH. Let's expect a much realistic price so that we won't get disappointed because there are other factors to consider before we set some prices, we may see as twice as much from the last ATH for the next halving, no more than $180k.

Next halving is in 2024, not 2022.

But thinking of $1M is unreal if we're on the current days. $1M is possible but we don't know how long it shall take since the market has been growing and more adoption is occurring.

Well, it could be quicker than expected just like the last bull run that no one has ever thought it will be huge and would surpass a past ATH.

Its totally unreal or people should rather be expecting on something which is on realistic side at least.Im not saying that Bitcoin doesnt have the potential but it would be rather on sticking on numbers

which turns out to be that near on the current ATH which $100k would be something realistic and talking on maximum of 200k but its true that no one really knows on when it would gonna happen

because on that value which does indicate that we do really need that adoption on higher scale or something that correlates with recognition which is something that cant happen
on a short period of time.

boyptc

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Quote from: mirakal on November 02, 2022, 01:10:53 PM

I agree! Expecting a $1 Million per bitcoin is not likely and too unrealistic for the next bitcoin halving somewhere in 2022, remember that we haven't crossed the $100k mark yet as the last ATH was listed for $69k last November 2021 and the market declined weeks after the ATH. Let's expect a much realistic price so that we won't get disappointed because there are other factors to consider before we set some prices, we may see as twice as much from the last ATH for the next halving, no more than $180k.

Next halving is in 2024, not 2022.

But thinking of $1M is unreal if we're on the current days. $1M is possible but we don't know how long it shall take since the market has been growing and more adoption is occurring.

Well, it could be quicker than expected just like the last bull run that no one has ever thought it will be huge and would surpass a past ATH.

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Quote from: Betwrong on October 26, 2022, 06:25:35 AM

Quote from: buwaytress on October 20, 2022, 12:36:57 PM

~
1300: 20000 was 15x of previous ATH
20000 to 69k was 3.5x of previous ATH

So, yes, "only 2x" does seem to be keeping in the pattern of reducing multiples of ATH. I'd love for it to increase to break this pattern but I'd also love to win the lottery.

That's right. Let's be realistic. Let's not expect $1,000,000 for 1 BTC during the next ATH. It is very likely that the price will be even less than 2 times of the previous ATH, something around $120,000, which many people predict btw. And in several years after that, the next ATH will probably be only 1.5x, meaning that BTC will cost around $180k, the next ATH - 1.3x, and so on. I personally think that we are following this pattern.

I agree! Expecting a $1 Million per bitcoin is not likely and too unrealistic for the next bitcoin halving somewhere in 2022, remember that we haven't crossed the $100k mark yet as the last ATH was listed for $69k last November 2021 and the market declined weeks after the ATH. Let's expect a much realistic price so that we won't get disappointed because there are other factors to consider before we set some prices, we may see as twice as much from the last ATH for the next halving, no more than $180k.

nullama

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After the 2024 halving the block reward will be 3.125 BTC, which still is a reasonably larger number than the current transaction fees.

I reckon we still have about a decade or so of price changes based on the halvings. After that, transaction fees will start to become more important than the block reward so the halving effect in price will be less noticeable, and probably the price will become a bit more stable.

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Quote from: Minecache on October 27, 2022, 10:03:31 PM

Quote from: Betwrong on October 26, 2022, 06:25:35 AM

~

This is understandable, the market is getting bigger and the bitcoin capitalization is also bigger than previous years so we can't ask for too much. From $ 1 to $ 10 is simple but from $ 100 to $ 1000 the difference is a lot, the capitalization will increase a lot so can't expect the bitcoin price to be x5 or x10 as usual. To make predictions, we should look at market capitalizations rather than just looking at their prices to make our predictions. And this is also the reason that I think many new investors didn't choose bitcoin and they started to choose altcoins to get bigger profits.

Only with altcoins those profits can be not more than imaginary ones. We know from the history of Bitcoin that every ATH was eventually surpassed. There were no exclusions to that rule. With altcoins it's different. Yes, some of them were always copying Bitcoin behaviour, to a lesser or higher extent, but many of them have been gone forever, leaving investors with nothing.

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Quote from: 2stout on October 30, 2022, 12:09:22 AM

Quote from: Abiky on October 29, 2022, 09:17:23 PM

Quote from: 2stout on October 27, 2022, 11:15:28 PM

It would seem reasonable to expect a new ATH 6 months after 2024 bitcoin halving event to be about $100K USD. It just seems if you look at the previous patterns that there is an explosion of price/new ATH within a year of halving event.

Yes. But sometimes things don't turn out the way we hoped for. There's the issue of Russia and the increasing number of new COVID-19 variants, greatly affecting the global economy. We can't expect Bitcoin to reach a new ATH in price, especially when the crypto market is moving in correlation with the stock market. People are mainly focused on rising food, gas, and energy prices. Those who have spare money to pour into Bitcoin, are usually whales and/or wealthy people. The rest are putting their money aside into things that matters most.

Unless the recession comes to an end, Bitcoin will have a hard time trying to break through $68k per coin. At least, we know BTC will experience a slight uptick in price shortly after the halving. It might not reach a new ATH in price, but at least it will be worth more than what it is right now. As long as you play your cards right, there should be nothing to worry about. Just my opinion

I hear you but I'm fine even if it doesn't happen in the timeframe I think I will. I don't believe COVID-19 will have much of an effect on Bitcoin price since Bitcoin hit its ATH during the pandemic. Also recessions happen all the time in a cyclic manner, every so many years. Everything will go back up and Bitcoin will be a part of it; it's all about the long game.

The current economic crisis is partly caused by the covid pandemic. The pandemic caused economic chaos, production lines were almost frozen, so, to balance the economy, governments continuously pumped money to maintain the economy during the pandemic. This is the main cause of this year's inflation, if no inflation war would still happen, that was to be expected during the pandemic.
It can be said that bitcoin hit ATH during the covid pandemic, but it is also the cause of this year's economic crisis and the crisis is aggravated when the war occurs. Crisis can't last forever, once it's over, everything will be back to normal and bitcoin will recover too.

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Quote from: Marvell1 on October 30, 2022, 12:40:35 AM

Quote from: Abiky on October 29, 2022, 09:17:23 PM

Quote from: 2stout on October 27, 2022, 11:15:28 PM

It would seem reasonable to expect a new ATH 6 months after 2024 bitcoin halving event to be about $100K USD. It just seems if you look at the previous patterns that there is an explosion of price/new ATH within a year of halving event.

Yes. But sometimes things don't turn out the way we hoped for. There's the issue of Russia and the increasing number of new COVID-19 variants, greatly affecting the global economy. We can't expect Bitcoin to reach a new ATH in price, especially when the crypto market is moving in correlation with the stock market. People are mainly focused on rising food, gas, and energy prices. Those who have spare money to pour into Bitcoin, are usually whales and/or wealthy people. The rest are putting their money aside into things that matters most.

Unless the recession comes to an end, Bitcoin will have a hard time trying to break through $68k per coin. At least, we know BTC will experience a slight uptick in price shortly after the halving. It might not reach a new ATH in price, but at least it will be worth more than what it is right now. As long as you play your cards right, there should be nothing to worry about. Just my opinion

The 4-year cycle may still repeat, but the current situation is much different than before, the macro impacts are directly affecting the market. For the crypto market, this has not happened before. Whether the stock market or the cryptocurrency market, it is very difficult to bounce back if the economy is still bad. The market depends on supply and demand, but in a crisis economy people focus on dealing with inflation and don't have much money to invest, once the demand is not there, that means there will be no catalyst to help the market go up. We still need the halving to be a catalyst for the market, but without demand, the market will hardly rise.

The demand will be there as it is always increasing. You say- For the crypto market, this has not happened before. I'm not so sure about this, just refer back to 2008- the year before Bitcoin's release as a lot of the same impacts were around when Bitcoin was released. Also, over the course of Bitcoin's history, it has always managed to bounce back.

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Quote from: Abiky on October 29, 2022, 09:17:23 PM

Quote from: 2stout on October 27, 2022, 11:15:28 PM

It would seem reasonable to expect a new ATH 6 months after 2024 bitcoin halving event to be about $100K USD. It just seems if you look at the previous patterns that there is an explosion of price/new ATH within a year of halving event.

Yes. But sometimes things don't turn out the way we hoped for. There's the issue of Russia and the increasing number of new COVID-19 variants, greatly affecting the global economy. We can't expect Bitcoin to reach a new ATH in price, especially when the crypto market is moving in correlation with the stock market. People are mainly focused on rising food, gas, and energy prices. Those who have spare money to pour into Bitcoin, are usually whales and/or wealthy people. The rest are putting their money aside into things that matters most.

Unless the recession comes to an end, Bitcoin will have a hard time trying to break through $68k per coin. At least, we know BTC will experience a slight uptick in price shortly after the halving. It might not reach a new ATH in price, but at least it will be worth more than what it is right now. As long as you play your cards right, there should be nothing to worry about. Just my opinion

The 4-year cycle may still repeat, but the current situation is much different than before, the macro impacts are directly affecting the market. For the crypto market, this has not happened before. Whether the stock market or the cryptocurrency market, it is very difficult to bounce back if the economy is still bad. The market depends on supply and demand, but in a crisis economy people focus on dealing with inflation and don't have much money to invest, once the demand is not there, that means there will be no catalyst to help the market go up. We still need the halving to be a catalyst for the market, but without demand, the market will hardly rise.

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Quote from: Furious 7 on October 26, 2022, 05:40:46 PM

I'm just going to keep bracing myself that the $100k is bound to happen sooner or later.

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.

Topic: 2024 Bitcoin Halving - What are Your Expectations!!! - page 5. (Read 3666 times)