Of the prediction is accurate. It is not like something that may happen. It's something that is already programmed to happen at the right time, which in this case should be between April -May 2024.
In the past as you stated, we witness how after this kind of event, the bullish season comes. It comes 3-6months after the halving.
It is said currently BTC is expected to be in a bullish season and I know it the right time to trade and make good profits too.
The halving may usher in new innovation in the network or an upgrade of a previous innovation to perform better in less time with less congestion.
For those who intend to HODL, during the halving please don't panic, the value of your coins, although smaller, would be as valuable as it remains intact.
Topic: Are the Predictions of Bitcoin Halving accurate? - page 2. (Read 393 times)
During a current difficulty epoch you can make predictions of average block intervalls until that epoch ends. Then difficulty is adjusted to yield again an average block intervall of 10min. So, halving predictors shouldn't extrapolate current difficulty epoch's average block intervalls different from 10min (as it seems the Binance predictor does, but I haven't verified), otherwise they'd neglect any difficulty adjustments which would be stupid.
I personally don't need a prediction to be accurate to the hour when it's still months ahead. Can't be accurate, anyway. The closer we get, the better the prediction. That's fine for me.
And by chance the time to mine block 840,000 could be anything between 1s and maybe up to 120min.
I personally don't need a prediction to be accurate to the hour when it's still months ahead. Can't be accurate, anyway. The closer we get, the better the prediction. That's fine for me.
And by chance the time to mine block 840,000 could be anything between 1s and maybe up to 120min.
So I recently came across this Blockchair website, and saw that they had a Bitcoin halving countdown chart. It is actually able to predict the exact time and date of the next halving. I'm curious to know if any of you have used similar tool and if the predictions have proven to be correct. the Bitcoin halving usually happen every 4 years approximately after every 210,000 blocks has been successfully mined, the last which took place on May 11, 2020 and we are expecting the next halving to happen in 2024, but do we know the exact month, day and time? As Bitcoiners, It's very essential for us to have reliable sources for predicting and preparing for this event. so, are these predictions correct?
Approximate estimates are made. They take the average value of the time elapsed between blocks and do so. So probably none of them will find exactly the right time. Because this value can change. The exact time may not be known, but estimates give about a day. I think you should invest while there is so little time left in line with the estimates. The halving, which takes place every 4 years, offers us many opportunities.
If you always go with HODL, you won't miss what happened before and after the halving.
Nope, just estimations. Also, if this question refers to the uptrend of the market, then another no. Although there would be an increase with market prices before rhe estimated date of halving, but it won't be continuous in an instant. The market price would more likely move sideways due to high volume so manage the risk still.
So I recently came across this Blockchair website, and saw that they had a Bitcoin halving countdown chart. It is actually able to predict the exact time and date of the next halving. I'm curious to know if any of you have used similar tool and if the predictions have proven to be correct. the Bitcoin halving usually happen every 4 years approximately after every 210,000 blocks has been successfully mined, the last which took place on May 11, 2020 and we are expecting the next halving to happen in 2024, but do we know the exact month, day and time? As Bitcoiners, It's very essential for us to have reliable sources for predicting and preparing for this event. so, are these predictions correct?
Well, judging by my experience from previous halvings these halving countdowns are not 100% correct. They do give an approximate idea on when halving is going to happen though. I think it's pretty safe to use to find out an approximate date.
Yes, also with what will happen. The idea that there will be a huge price increase is just because of what happened on the previous halving but realistically speaking, there's no guarantee of it and also, to when will the market price start to move. Just like what I've said, the price won't jump in a blink of an eye.
So I recently came across this Blockchair website, and saw that they had a Bitcoin halving countdown chart. It is actually able to predict the exact time and date of the next halving. I'm curious to know if any of you have used similar tool and if the predictions have proven to be correct. the Bitcoin halving usually happen every 4 years approximately after every 210,000 blocks has been successfully mined, the last which took place on May 11, 2020 and we are expecting the next halving to happen in 2024, but do we know the exact month, day and time? As Bitcoiners, It's very essential for us to have reliable sources for predicting and preparing for this event. so, are these predictions correct?
Well, judging by my experience from previous halvings these halving countdowns are not 100% correct. They do give an approximate idea on when halving is going to happen though. I think it's pretty safe to use to find out an approximate date.
In fact, most of the times we're going up in pulses or bursts. Most probably we're not going to reach or exceed ATH immediately but eventually we will. Something like a leg up into $50k area then some dump to $35-38k and the another burst into the ATH area etc etc...
Nope, just estimations. Also, if this question refers to the uptrend of the market, then another no. Although there would be an increase with market prices before rhe estimated date of halving, but it won't be continuous in an instant. The market price would more likely move sideways due to high volume so manage the risk still.
So I recently came across this Blockchair website, and saw that they had a Bitcoin halving countdown chart. It is actually able to predict the exact time and date of the next halving. I'm curious to know if any of you have used similar tool and if the predictions have proven to be correct. the Bitcoin halving usually happen every 4 years approximately after every 210,000 blocks has been successfully mined, the last which took place on May 11, 2020 and we are expecting the next halving to happen in 2024, but do we know the exact month, day and time? As Bitcoiners, It's very essential for us to have reliable sources for predicting and preparing for this event. so, are these predictions correct?
Well, judging by my experience from previous halvings these halving countdowns are not 100% correct. They do give an approximate idea on when halving is going to happen though. I think it's pretty safe to use to find out an approximate date.
Yes, also with what will happen. The idea that there will be a huge price increase is just because of what happened on the previous halving but realistically speaking, there's no guarantee of it and also, to when will the market price start to move. Just like what I've said, the price won't jump in a blink of an eye.
So I recently came across this Blockchair website, and saw that they had a Bitcoin halving countdown chart. It is actually able to predict the exact time and date of the next halving. I'm curious to know if any of you have used similar tool and if the predictions have proven to be correct. the Bitcoin halving usually happen every 4 years approximately after every 210,000 blocks has been successfully mined, the last which took place on May 11, 2020 and we are expecting the next halving to happen in 2024, but do we know the exact month, day and time? As Bitcoiners, It's very essential for us to have reliable sources for predicting and preparing for this event. so, are these predictions correct?
Well, judging by my experience from previous halvings these halving countdowns are not 100% correct. They do give an approximate idea on when halving is going to happen though. I think it's pretty safe to use to find out an approximate date.
Those were never accurate.
There will always be a variation on how fast each block is mined, and so with those variations adjusts the time that we reach the next halving point. AFAIK, those predictions are always pretty close to the exact thing, and each prediction becomes more accurate as more we get closer to the exact halving point.
Heck, even if we are 5 or so blocks away from the halving point, we'll still never get too accurate on our predictions.
There will always be a variation on how fast each block is mined, and so with those variations adjusts the time that we reach the next halving point. AFAIK, those predictions are always pretty close to the exact thing, and each prediction becomes more accurate as more we get closer to the exact halving point.
Heck, even if we are 5 or so blocks away from the halving point, we'll still never get too accurate on our predictions.
That's just an estimation.
Till now, 795767 blocks have been mined. This means that there are 44233 blocks until the next halving. Assuming these blocks will be mined at the rate of 1 per 10 minutes on average, the halving will be 442330 minutes or 307 days later.
This is exactly the time displayed on blockchair.com. Other websites may use different methods for predicting the halving date and that's why you may see different dats. For example, buybitcoinworldwide predicts halving to be 296 days later.
Till now, 795767 blocks have been mined. This means that there are 44233 blocks until the next halving. Assuming these blocks will be mined at the rate of 1 per 10 minutes on average, the halving will be 442330 minutes or 307 days later.
This is exactly the time displayed on blockchair.com. Other websites may use different methods for predicting the halving date and that's why you may see different dats. For example, buybitcoinworldwide predicts halving to be 296 days later.
This is the answer- everything is based on estimation which is completely dependent on the mined blocks under the blockchain. If suddenly, people would not transact with BTC and miners would not confirm any transactions, the date of estimation on the halving would thus increase.
Though this may be the case, I seriously think that the coming halving will significantly impact the price of BTC in the market. By basing it purely on history, almost all halving increased the price of BTC, which makes this the perfect opportunity to HODL and/or invest for either short or long-term.
Most Reliable Halving Countdown?
They are estimation times and when halving is more nearly, the estimations will be more accurate because it will be less affected by changes by confirmation time of rest blocks till a halving block.
Difference between actual halving time and estimation halving time when there are 210,000 blocks till a halving block will be bigger than a difference when there is only 10 blocks till the halving block.
They are estimation times and when halving is more nearly, the estimations will be more accurate because it will be less affected by changes by confirmation time of rest blocks till a halving block.
Difference between actual halving time and estimation halving time when there are 210,000 blocks till a halving block will be bigger than a difference when there is only 10 blocks till the halving block.
So I recently came across this Blockchair website, and saw that they had a Bitcoin halving countdown chart. It is actually able to predict the exact time and date of the next halving. I'm curious to know if any of you have used similar tool and if the predictions have proven to be correct. the Bitcoin halving usually happen every 4 years approximately after every 210,000 blocks has been successfully mined, the last which took place on May 11, 2020 and we are expecting the next halving to happen in 2024, but do we know the exact month, day and time? As Bitcoiners, It's very essential for us to have reliable sources for predicting and preparing for this event. so, are these predictions correct?
Well, judging by my experience from previous halvings these halving countdowns are not 100% correct. They do give an approximate idea on when halving is going to happen though. I think it's pretty safe to use to find out an approximate date.
Relying on countdown websites only provides a rough estimate, as far as I know, there are numerous halving countdown websites that display different countdown times.
The exact date may not be accurate, but having an estimated month can help us prepare.
As a Bitcoin hodler, I don't pay much attention to the precise timing because it takes about a year after the halving to witness another Bitcoin all-time high (ATH), based on the four-year cycle that I have observed.
The exact date may not be accurate, but having an estimated month can help us prepare.
As a Bitcoin hodler, I don't pay much attention to the precise timing because it takes about a year after the halving to witness another Bitcoin all-time high (ATH), based on the four-year cycle that I have observed.
As Bitcoiners, It's very essential for us to have reliable sources for predicting and preparing for this event. so, are these predictions correct?
How essential might that be?Because, accurate prediction is some of the most difficult to do or archive in the crypto space.
When the halving is put into context with respect to predicting the exact date and time it would take place, I can’t really comment on that as, my facts would be based on past research events on the halving and not as an actual expectant of the halving when it came through as, I haven’t been around that much.
Hence, there is a lot to prove out of this forth coming halving from the predictions that have been stated.
What is factual as I know it now, is that the halving comes once in four years.
You compare every website that has a countdown for the halving, not all of them are the same and that's why they're just putting some assumption that the time they set are gonna be the one where the block will be mined for that halving. I don't think that there's a need for it to be accurate with that unless you do really think that there's something important a person need to be accurate with that. Don't stress a lot with the accuracy because no matter what the countdown is and if they differ from each other, it will come.
There seems to be consensus that bitcoin halving will be experienced next year but the exact time of 2024 has been debated. Different crypto websites and analysts have their specific predictions. From my findings in different predicting websites, I think it will be difficult to know the exact minute, hour, or even day. But a summary of some of the websites visited puts the having date between February to June 2024. I am not also too concerned about the precise date because I am willing to wait till anything occurs next year. The actual halving time may be more important to Bitcoin traders. 
and as someone else said average this session is 9.89 meaning under 293 days.. a fortnight less
That's wrong.There are 44229 blocks until the next halving and assuming that the next blocks will be mined with the average time of 9.89 minutes, the halving should be 437425 minutes or 303 days later. That's only 4 days less than the time predicted with considering average block time of 10 minutes.
That's just an estimation.
Till now, 795767 blocks have been mined. This means that there are 44233 blocks until the next halving. Assuming these blocks will be mined at the rate of 1 per 10 minutes on average, the halving will be 442330 minutes or 307 days later.
Till now, 795767 blocks have been mined. This means that there are 44233 blocks until the next halving. Assuming these blocks will be mined at the rate of 1 per 10 minutes on average, the halving will be 442330 minutes or 307 days later.
but if blocks are averaging 11 minutes/block, its more like 338 days.. a whole month difference
and as someone else said average this session is 9.89 meaning under 293 days.. a fortnight less
You compare every website that has a countdown for the halving, not all of them are the same and that's why they're just putting some assumption that the time they set are gonna be the one where the block will be mined for that halving. I don't think that there's a need for it to be accurate with that unless you do really think that there's something important a person need to be accurate with that. Don't stress a lot with the accuracy because no matter what the countdown is and if they differ from each other, it will come.
'm curious to know if any of you have used similar tool and if the predictions have proven to be correct.
Predictions and estimations are too different thing. Those are estimations only from the given fixed numbers of bitcoin time of estimation of confirmation which is every 10 minutes. But it didn't happen to do that since sometimes it got confirmed with in 10 minutes sometimes are not. But on the other hand its not a big deal since we are talking of fixed number of block it will occur.
Thanks for the correction, although i didn’t even bother to calculate it out my self but actually took the time up from the general data here which shows an approximate 10.19 minutes
I just checked that and it's currently displaying the approximate block time of 9.89 minutes. Also, they are now predicting that the halving will be 293 days later. It was 295 days later a few minutes ago.
I don't know how exactly they calculate the halving date. With the average block time of 9.89 minutes, the halving should be 303 days later.
The binance academy approximately uses 10.19minutes
Wrong. Binance Academy predicts the halving to be 295 days and 4 hours later which equals to 425040 minutes.
As there are 44230 blocks until the next halving, they have used the average block time of around 9.6 minutes (around 9 minutes and 36 seconds) in their calculations.
425040 / 44230 = 9.6
Thanks for the correction, although i didn’t even bother to calculate it out my self but actually took the time up from the general data here which shows an approximate 10.19 minutes
The binance academy approximately uses 10.19minutes
Wrong. Binance Academy predicts the halving to be 295 days and 4 hours (which equals to 425040 minutes) later .
As there are 44230 blocks until the next halving, they have used the average block time of around 9.6 minutes (around 9 minutes and 36 seconds) in their calculations.
425040 / 44230 = 9.6
The Bitcoin halving occurs in every four years. It will happen after the 210 000 blocks are mined. The average time that a Bitcoin block when it is mined is 10 minutes and to know the exact date when the halving occurs is to calculate it using a formula if you know the formula but if you haven't know it yet then try using the formula on Binance Academy and they also have countdown timer there. Anyway, here's the formula that binance is using to solve when will be the next Bitcoin halving, Halving block - Next block height) * Average time between blocks - estimated time until the next block. One more thing, they are not accurate since it is a prediction.
The disparity is actually from the time taken to mine a block. The binance academy approximately uses 10.19minutes but we can say that an increase in the hash rate would eventually reduce the time to less than 10. Minutes and also a reduced hash rate will increase the average time ahead of the 10 minutes. Although the difficulty will just it after every 2016 blocks but those reductions or additional minutes will still affect the calculations. So until there is a fixed hash rate that makes sure that each block is mined at that exact 10 minutes (which is not possible) all the dates would just be speculated ones.
Jump to: