2024 Bitcoin Halving - What are Your Expectations!!! - page 8.

cryptosize

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Quote from: _BlackStar on October 13, 2022, 03:56:11 PM

Quote from: Mr.right85 on October 13, 2022, 02:51:18 PM

Having that in mind, after the 2020 halving, we saw bitcoin rallied to $68k ATH from a previous price at $20k ATH in 2016.

A slight correction, the previous ATH occurred in 2017 and it was around December.

Quote from: Mr.right85 on October 13, 2022, 02:51:18 PM

$100k has been an expectation for bitcoin before we did hit the bear market. It remains an expectation still and could be archived after the halving.

Well we have to be aware and have to stay realistic that there is no guarantee about $100K after the 2024 halving. It's just a hope that may not come true especially if the world economic conditions get bad. I can't expect that $100K ATH to happen between 2024-2025, there has to be something big happening there including an influx of institutional investors and more adoption. Optimistic of course, but be wise.

Climate change mitigation measures/green energy (costing many trillions of dollars), China invading Taiwan, USD no longer the global reserve currency, hyperinflation kicking in and potentially hyperbitcoinization...

These events will happen around 2025, just in time for the next bull run.

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We are living in a historical moment with a lot uncertainties and it is really difficult to make estimates on bitcoin and its price.
Nowadays the key aspect is the security that this technology offers as a p2p payment.
SN created this algorithm for just this purpose ... "chancellor on brink of second bailout for banks ..."
Sooner or later, if this technology works with this precision ... the price will skyrocket.
I do not know when. I hope to be there though.

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Quote from: Mr.right85 on October 13, 2022, 02:51:18 PM

Having that in mind, after the 2020 halving, we saw bitcoin rallied to $68k ATH from a previous price at $20k ATH in 2016.

A slight correction, the previous ATH occurred in 2017 and it was around December.

Quote from: Mr.right85 on October 13, 2022, 02:51:18 PM

$100k has been an expectation for bitcoin before we did hit the bear market. It remains an expectation still and could be archived after the halving.

Well we have to be aware and have to stay realistic that there is no guarantee about $100K after the 2024 halving. It's just a hope that may not come true especially if the world economic conditions get bad. I can't expect that $100K ATH to happen between 2024-2025, there has to be something big happening there including an influx of institutional investors and more adoption. Optimistic of course, but be wise.

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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.

The comparison I hoped to see and find more appropriate to the thread in contrast to the data set presented by OP although accurate. The all time highs after each consecutive 4 years intervals for halving to happen is where eyes and minds are set.

Having that in mind, after the 2020 halving, we saw bitcoin rallied to $68k ATH from a previous price at $20k ATH in 2016. That's about $48k in difference and I think, if bitcoin could do that, it would reach and break the previous ATH ($68) and leave another ATH at $100k by the end of 2024.

$100k has been an expectation for bitcoin before we did hit the bear market. It remains an expectation still and could be archived after the halving.

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Quote from: Bitstar_coin on October 05, 2022, 05:27:56 AM

So dear colleagues, What are your expectations? other than price increase

Halving is one of the most awaited moments by Bitcoin users, especially investors, investments and so on, of course they have a lot of hope for the Bitcoin Halving.

Many crypto users were waiting for the Bitcoin Halving to happen, unfortunately, they were completely empty when it happened, not a few Bitcoin users just regretted what they saw and happened.

Me personally if the Bitcoin Halving happens in 2024, I just want to have hope there is a change for myself and I don't expect a failure to happen like the Halving that happened in the year that has happened, that's all I hope for, despite all that you havesay.

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Quote from: Bitstar_coin on October 05, 2022, 05:27:56 AM

So dear colleagues, What are your expectations? other than price increase Cool

*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......

1. Currently bitcoin is adopted by ElSalvador and Namibia and I think the adoption is growing.
But we cannot really say that in the next 2 years the adoption will drastically increase. It will take its time.

2. Yes, I think more companies will be involved with crypto. Now that there are rumors that google will accept crypto for its cloud services.
May be this will encourage other companies to accept crypto as well.

3. Ofcourse

4. Need a bull run for increase in number of users.

5. I think bitcoin halving will be a major event to trigger the next bull run.

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Quote from: Betwrong on October 13, 2022, 08:16:55 AM

Quote from: cryptosize on October 11, 2022, 08:56:47 AM

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^^This is a nice one! Yes, it is expected that somewhere around 2024 Bitcoin Halving the price will start going up, but looking at the Bitcoin yearly trend we can expect the beginning of the process sooner than in a year. And why not? If you can afford holding your BTC for years, why don't buy BTC at $20k instead of buying at $40k a few months later, even though buying at $40k is a pretty good deal too?

This is what is called a 4 year cycle, everyone will wait for the Halving moment, and certainly will expect a lot with growth in all markets, even though we are in a bear market right now, here is my hope that in the coming year there will be no downturn in the world economic system, because many large countries have been affected by the downturn in a very chaotic economic system, many companies are experiencing losses and not to mention the impact of the current inflation, demanding that all countries raise prices for the necessities of life, at least in the upcoming Halving in 2023 at least The growth in the crypto market is not affected by the problems that are being talked about in all foreign media.

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Quote from: Betwrong on October 13, 2022, 08:16:55 AM

^^This is a nice one! Yes, it is expected that somewhere around 2024 Bitcoin Halving the price will start going up, but looking at the Bitcoin yearly trend we can expect the beginning of the process sooner than in a year. And why not? If you can afford holding your BTC for years, why don't buy BTC at $20k instead of buying at $40k a few months later, even though buying at $40k is a pretty good deal too?

I think it's really better to start buying right now even if it's not that high because when you plan to hold your BTC for so long or just when another bull run takes place, you will look for a better place and nothing can be the current timing of the market today because of its hard battle to cross the $30k mark again and you may as well consider to not wait for it to cross to save a lot of money and earn as much as you can when the desired time will come. Bull runs always comes after the bitcoin halves and it has never been missed once since the start of this crypto history.

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Even if you look at the current economic condition, which is in the midst of a very severe economic crisis on a global scale. and that made it difficult for bitcoin to recover from a long bear market. because even all investment sectors experienced a prolonged decline due to increasingly severe inflation.
but I still hope and feel optimistic in the next bullrun Bitcoin will break its new ATH record. And I still think this bear market is an opportunity to continue to collect even if little by little.

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Quote from: cryptosize on October 11, 2022, 08:56:47 AM

Like clockwork:

^^This is a nice one! Yes, it is expected that somewhere around 2024 Bitcoin Halving the price will start going up, but looking at the Bitcoin yearly trend we can expect the beginning of the process sooner than in a year. And why not? If you can afford holding your BTC for years, why don't buy BTC at $20k instead of buying at $40k a few months later, even though buying at $40k is a pretty good deal too?

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The current crypto market and economy are in worse shape. There is no clear idea how much it can improve for the next year. If the state of war continues, there is no chance of normalization of the situation. But considering the overall situation, since the market is bearish for a long time, if imagine 4-year bitcoin cycle, it is definitely worth investing. As such, next year 2024 could be another bull session for Bitcoin where no one knows to what level it may reach.

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Quote from: buwaytress on October 11, 2022, 01:01:50 PM

Quote from: Mpamaegbu on October 10, 2022, 04:55:25 PM

Quote from: buwaytress on October 05, 2022, 05:47:29 AM

...but 100k BTC should be the new conservative hmm?

Judging from what the previous ATHs after halvings were, that each halving more than doubled the prices of their predecessors, I will put the next ATH after halving at around $190,000 to $220,000 per Bitcoin. Yes, I know you may say it's not likely to get that high but you've to remember that no one ever thought Bitcoin price would get this high from the past. Even in 2017 after the ATH and its eventual collapse to $3,200 in 2019 or so, no one thought Bitcoin would rise from that near annihilation to blow past $68,000 in 2021.

More than double, yes... but ignoring that it was roughly 20x, followed by roughly 3 times in the last 2 halvings? I'm not saying I don't believe we'll do another double (so that's 130k) but 220k is just about the same "3x" of last halving.

Percentage increase from ATH to ATH has been shortening, not expanding...

Unless something radical happens (hyperinflation in US/EU, CBDC/UBI/social credit dystopia)... then I expect BTC to reach millions.

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Quote from: Mpamaegbu on October 10, 2022, 04:55:25 PM

Quote from: buwaytress on October 05, 2022, 05:47:29 AM

...but 100k BTC should be the new conservative hmm?

Judging from what the previous ATHs after halvings were, that each halving more than doubled the prices of their predecessors, I will put the next ATH after halving at around $190,000 to $220,000 per Bitcoin. Yes, I know you may say it's not likely to get that high but you've to remember that no one ever thought Bitcoin price would get this high from the past. Even in 2017 after the ATH and its eventual collapse to $3,200 in 2019 or so, no one thought Bitcoin would rise from that near annihilation to blow past $68,000 in 2021.

More than double, yes... but ignoring that it was roughly 20x, followed by roughly 3 times in the last 2 halvings? I'm not saying I don't believe we'll do another double (so that's 130k) but 220k is just about the same "3x" of last halving.

Percentage increase from ATH to ATH has been shortening, not expanding...

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Quote from: cheezcarls on October 11, 2022, 07:01:52 AM

Although that I am so bullish into Bitcoin halving, but we always have to be prepared to expect the unexpected. For now, I am still accumulating some BTC every month with my extra “not beer” money despite that the pricr growth is uncertain even if it’s the upcoming Bitcoin halving.

In 2020 where the Bitcoin halving occurred, it took like several months before the price took off but don’t expect the same though. But I could be wrong. It’s just that in my own instinct, don’t expect too much about BTC to go to the moon after the halving so that you will be less disappointed.

The cycle may repeat itself or will change according to the state of the world economy and some of the fundamentals that affect bitcoin. The Bitcoin Halving is not always a sign that bitcoin will reach a new ATH, but the Halving is only a sign that Bitcoin will continue to rise. Some people believe that the halving will have a positive impact on bitcoin and will benefit them.

So before the halving occurs, buying regularly is something that is recommended as what you do. Hold and wait for the halving to occur, maybe it will provide some advantages for those who hold bitcoins.

cryptosize

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Like clockwork:

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Although that I am so bullish into Bitcoin halving, but we always have to be prepared to expect the unexpected. For now, I am still accumulating some BTC every month with my extra “not beer” money despite that the pricr growth is uncertain even if it’s the upcoming Bitcoin halving.

In 2020 where the Bitcoin halving occurred, it took like several months before the price took off but don’t expect the same though. But I could be wrong. It’s just that in my own instinct, don’t expect too much about BTC to go to the moon after the halving so that you will be less disappointed.

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Wow! By reading this and despite the current market situation, I felt the excitement for the things to come. Not realizing that I'll be two to three years older by then. Anyways, many of us must have buyback plans already. My plan is to DCA probably starting in December up to June or July next year. I really hope everything's going to be smooth. I can't wait for Bitcoin to reach $100,000 to $150,000 or even beyond that price.

And I wonder how many countries by that time will fully accept Bitcoin as a legitimate currency. El Salvador's investments and its decision to legalize Bitcoin as a currency will finally be proven to be successful by then.

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About the high price, that's definitely what I expected. I have invested in bitcoin for the best moment in the future, of course because I really want to profit from it. Making a profit is the goal of investing, so I guess this is the normal expectation of investors.

Adoption is something that will support bitcoin to continue to benefit a lot from real use cases. As a currency, bitcoin would certainly deserve more adoption from large companies regardless of whether they receive payments for their products or pay their employees salaries. I don't have much hope, my orientation is still limited to investment assets considering bitcoin is not a legal currency in my country.

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Quote from: dlightag on October 11, 2022, 03:29:47 AM

Bitcoin Halving is a stage, where we experience a drops of blocks that is normally occur every 4years, which the last bull run has really open many people eyes about bitcoin digital asset to invest, which many countries we adopt and more investors will be more towards the industries, before next bull run that is expecting bitcoin price to increase to $100,000 per one Bitcoin.

We have observed it several times that every four years Bitcoin price has a major correction and it makes a new ATH after being in the deep for a long time. With that in mind, Bitcoin may have another big pump towards the end of 2024. And may create a new ATH again in early 2025

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Bitcoin Halving is a stage, where we experience a drops of blocks that is normally occur every 4years, which the last bull run has really open many people eyes about bitcoin digital asset to invest, which many countries we adopt and more investors will be more towards the industries, before next bull run that is expecting bitcoin price to increase to $100,000 per one Bitcoin.

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