Bitcoin 2024 halving less than 1 year away - page 3.

AmoreJaz

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Quote from: Slow death on June 27, 2023, 06:16:15 PM

as history for many years has shown us that the price of bitcoin has risen a lot after each halving, people have even put it in their heads that they only need to wait for a big price drop that happens before the halving to buy and then they will do hodl even months after the halving when the price starts to go up a lot they wait for the price to overcome their old ATH to sell, the problem with that is that even if history has shown us that the price of bitcoin will go up a lot after the halving we shouldn't put this as something that will always happen

I say this because in the world economic situation which is not good at all, proceeding with caution in any investment is something that people need to do, but I doubt that many people think that way, it is enough for a few rich people to buy a lot at certain price levels that then people will also buy a lot because they are 100% convinced that the price will go up a lot after the halving, for many people this is already a bet that they don't care about the risk they are going to take, the most important thing is that they get profits above of 2x. anyway I will also buy and do hodl until the end of the year, I am also looking at the profit of 2x or more

how we approach on this market depends on our financial capability. some can buy today, and hodl for years without worry. however, most of us wanted a shorter time of waiting but with great profits.
but let's admit that when halving is near, there's too much discussions, speculations that we can read and it will make you invest because of the sentiments surrounding this market. need to contemplate on these things as we are the only one who can truly understand our financial capabilities.

Slow death

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as history for many years has shown us that the price of bitcoin has risen a lot after each halving, people have even put it in their heads that they only need to wait for a big price drop that happens before the halving to buy and then they will do hodl even months after the halving when the price starts to go up a lot they wait for the price to overcome their old ATH to sell, the problem with that is that even if history has shown us that the price of bitcoin will go up a lot after the halving we shouldn't put this as something that will always happen

I say this because in the world economic situation which is not good at all, proceeding with caution in any investment is something that people need to do, but I doubt that many people think that way, it is enough for a few rich people to buy a lot at certain price levels that then people will also buy a lot because they are 100% convinced that the price will go up a lot after the halving, for many people this is already a bet that they don't care about the risk they are going to take, the most important thing is that they get profits above of 2x. anyway I will also buy and do hodl until the end of the year, I am also looking at the profit of 2x or more

Fatunad

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Big companies and institutions now are really making a move for this upcoming Bitcoin halving, just like this one;

Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving
https://cointelegraph.com/news/riot-platforms-add-bitcoin-miners-ahead-of-2024-halving

These companies does know on whats upcoming and we arent that blind on that potential jump up.This is why its not really that shocking that they would
really be making out such step for them to take advantage. We are heading there and it is really just that a huge opportunity for those people who does have the money
for them to make out such act which they do know they can really benefit later on. We dont know on what would actually happen on next year
but at least we are fully aware on where it would be heading.

STT

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Theres always a higher and low price to market moves, I do think we're nearer to the top of the prices at the moment which means any bad news could mean we top out or fall back down to less pleasing prices. The lower price range could be as low as 25k area and still maintain the general positive action since year start. Most positive of all is to stay above 30k area which would make us much more bullish and maybe a break out upwards. But I'd expect us to stay nearer to the 50 day average or close by, the 200 day is around 25k thats why it has to be expected as perfectly normal and within expectations to visit that price still.
The news for reasons why these things happen, I almost dont care & politics is just alot of hot air costly but not useful beyond those being paid in its costs. It will always be the case BTC has to continue despite the objections of those who dont see a benefit or anticipate opposition to their fiefdom.

yohananaomi

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Quote from: Smitty Werben Man Jensen on June 14, 2023, 05:06:44 AM

In my opinion, the current Bitcoin price movement is still in the consolidation stage,
it can be seen that the bitcoin price zone is only $ 25k to $ 27k and there is no deep dump in bitcoin,
so there could be big movements in the next few days whether it's a pump or a dump.

You may be right, but if we look at the past year, of course we can conclude that there has been an increase from bitcoin, even though it is not significant. if you look at the annual trend, I actually predict that bitcoin will be corrected again and then will move slowly to increase until the halving era next year, maybe the end of the year price will be between $ 35K - $ 50K only.

Smitty Werben Man Jensen

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Quote from: Dave1 on June 13, 2023, 09:37:01 PM

^^ But I wouldn't put to much on this case though, and again, we didn't bleed, if the price goes < below $20k when the news about the SEC vs Binance then yeah, maybe you can call that bleeding. But if we can maintain $26k and the have a good support at $25k, then this is just another roadblock for us.

And as we have said, halving is just less than a year from now, and as much as we might see this negative news around. We could end up still at being very positive since the block halving is the catalyst for a eventual bull run.

In my opinion, the current Bitcoin price movement is still in the consolidation stage,
it can be seen that the bitcoin price zone is only $ 25k to $ 27k and there is no deep dump in bitcoin,
so there could be big movements in the next few days whether it's a pump or a dump.

Dave1

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^^ But I wouldn't put to much on this case though, and again, we didn't bleed, if the price goes < below $20k when the news about the SEC vs Binance then yeah, maybe you can call that bleeding. But if we can maintain $26k and the have a good support at $25k, then this is just another roadblock for us.

And as we have said, halving is just less than a year from now, and as much as we might see this negative news around. We could end up still at being very positive since the block halving is the catalyst for a eventual bull run.

dansus021

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Quote from: CapGelatik on June 13, 2023, 01:20:31 PM

Everyone is waiting for the 2024 halving because the halving changes the market cycle,
and yes hopefully it will be like 2020 - 2021 where the bull market is back,
and 2024-2025 is the schedule, but we also have to make a strategy for the bad things,
because we know this is the cryptocurrency world where anything good or bad can happen.

Yeah surely does even now after SEC is doing market is bleeding but it can maintain the price above 200 EMA and 25K is now become a support zone. If the SEC lose at the court I think we are gonna see price back 27K or 30K level again.

STT

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Bigger picture if we can stay above 25070 then we are above the 38% retracement from the low of last year to the recent peak, that would remain bullish in that larger year or more view. Despite quite dismal recent action, the shorter the time frame the less it matters in full weighting in consideration of our trajectory in BTC. The halving is a roughly 4 year cycle so any question over this is long term and must be focused on weekly or higher bars I think regardless of the negatives for this particular quarter I think I will remain relatively positive if we can maintain the prior recovery from 2022 sell off.

I presume some overshoot to the prices seen this Feb 2023, that'd be a proper shake out of speculators who got too excited over 31k.

Silberman

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Quote from: cabron on June 13, 2023, 11:06:10 AM

Looking at the chart I can presume that the bull market may start at Nov-Dec this year but the price may just start from $20,000 and will suddenly rise up to $25.000. Less than 6 months before the halving and it's not in the option to vote.

This is just my speculation based on the current dip in the market. Just prepare for more dip because there will be a lot of commotion in the coming days which may cause the price to dive. Holding usdt for now and waiting for the price to dip is my plan.

This is what a great deal of people do not get, the bull market does not start with a bang but with a murmur, if we see the previous bull runs caused by the halving we will see that the early stages the movements of bitcoin were not very impressive, in fact it is almost impossible to identify there is some sort of bull run going on, however what makes it different is that as months go by there is not a significant correction, and eventually it become obvious that we are experimenting the bull run we were looking for.

CapGelatik

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Everyone is waiting for the 2024 halving because the halving changes the market cycle,
and yes hopefully it will be like 2020 - 2021 where the bull market is back,
and 2024-2025 is the schedule, but we also have to make a strategy for the bad things,
because we know this is the cryptocurrency world where anything good or bad can happen.

cabron

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Looking at the chart I can presume that the bull market may start at Nov-Dec this year but the price may just start from $20,000 and will suddenly rise up to $25.000. Less than 6 months before the halving and it's not in the option to vote.

This is just my speculation based on the current dip in the market. Just prepare for more dip because there will be a lot of commotion in the coming days which may cause the price to dive. Holding usdt for now and waiting for the price to dip is my plan.

Wiwo

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I believe the bull run can happen at any time be it before the 2024 halving or after but speculatively few months after the halving will be the most speculated time since the block size will be reduced to half of what it is presently and this is the best time to accumulate more bitcoin before the halving having less than a year to prepare for the Bitcoin halving and possible bull market, I don't know what time precisely this bull run will happen to bug the best possible plans is to hold more bitcoin and buy more at any discounted price and keep more bitcoin and even if the price drop deep below we shouldn't panic sell but rather stash up all the way up.

dragonvslinux

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Quote from: Unbunplease on June 09, 2023, 03:44:17 PM

Quote from: Joshapat on June 09, 2023, 01:01:59 AM

Halving is what we are waiting for because it can make a price increase, Halving has occurred several times and the result is a significant skyrocketing price, Halving in 2024 will occur in March and in my opinion it can be pump, and I'm sure in 2024 it will be able to touch $ 100k.

Everyone will expect 100K after halving, but the manipulators know that too. And bitcoin might stop at 95K. At that point almost everyone will take long positions for very large amounts - and then there could be a huge collapse. Yes, there is a 70% chance that bitcoin will pass the 100K mark, but there is a 30% chance that it won't.

Personally I think it depends more how it get's there. For example if price moves from $30K (or lower) to $100K within a matter of months after the halving, then sure there will probably be a significant correction back towards previous ATH, or around -25%-30%. But if it takes much longer to reclaim the ATH, with enough consolidation (time), then moving above $100K to higher prices will be a lot easier imo.

Notably this poll more people now think the bull market will start 6 months prior to the halving, as opposed to afterwards. I'm therefore not convinced this will happen, same as in 2020.

Paul Pogba

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Halving is an event that we are really looking forward to, when a halving occurs, many people want to buy bitcoin because the hope is that the price will skyrocket because the mining process is getting more difficult, and if the mining process is getting more difficult, people will buy it in the market, which of course will be more expensive.

Unbunplease

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Quote from: Joshapat on June 09, 2023, 01:01:59 AM

Halving is what we are waiting for because it can make a price increase, Halving has occurred several times and the result is a significant skyrocketing price, Halving in 2024 will occur in March and in my opinion it can be pump, and I'm sure in 2024 it will be able to touch $ 100k.

Everyone will expect 100K after halving, but the manipulators know that too. And bitcoin might stop at 95K. At that point almost everyone will take long positions for very large amounts - and then there could be a huge collapse. Yes, there is a 70% chance that bitcoin will pass the 100K mark, but there is a 30% chance that it won't.

BITCOIN4X

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Quote from: Joshapat on June 09, 2023, 01:01:59 AM

Halving is what we are waiting for because it can make a price increase, Halving has occurred several times and the result is a significant skyrocketing price, Halving in 2024 will occur in March and in my opinion it can be pump, and I'm sure in 2024 it will be able to touch $ 100k.

$100k is way too low when you know how much x it can reach when bitcoin hits a new ATH every halving. I can think of x3 for the next ATH, but it's very erratic and dicey. It all really depends on interest and demand, so if indeed x3 can happen for the next ATH then really every bitcoin holder will actually get a worth it return.

All this time the holders have been in a boat that has been hit by a storm. I mean the price volatility due to FUD and negative news makes them have to be patient to see the value of the investment in their portfolio go up and down. I really believe the bitcoin price will come back well after the halving, and ATH can definitely be expected after it.

Silberman

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Quote from: yohananaomi on June 08, 2023, 04:05:41 PM

Quote from: asrinur on June 06, 2023, 08:40:42 AM

In my opinion, a new bull run market will start after the next halving event takes place. If you follow a four-year cycle, the next halving will take place in 2024. As we know, the last halving occurred in May 2020. Only then, in 2021, did Bitcoin set an all-time high above the $68k price level.

It seems that what you are saying is a repetition that continues to be done by bitcoin and it has been repeated all this time and can be sure to occur in the next halving era. the halving will occur in 2024, but the formation of ATH will occur a year later and it will definitely be 2025.
because it is approaching the halving period, now is a good opportunity to continue to buy and hold on to what is already there, so that when the time comes we can get a better one.
don't delay because you want to hope to get a cheap price waiting for a correction that might be missed.

It is important that people do not delay their entry to this market any further, it is true the price has been going down during the last days but we also know that bitcoin can reverse this situation out of nowhere, and if people keep waiting for the price to crash they may keep waiting forever, so at some point a decision needs to be taken, and even if the current entry point could not be optimal it is good enough already, as the profits someone can get by investing in bitcoin now will be very high.

Joshapat

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Halving is what we are waiting for because it can make a price increase, Halving has occurred several times and the result is a significant skyrocketing price, Halving in 2024 will occur in March and in my opinion it can be pump, and I'm sure in 2024 it will be able to touch $ 100k.

suzanne5223

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Quote from: yohananaomi on June 08, 2023, 04:05:41 PM

Quote from: asrinur on June 06, 2023, 08:40:42 AM

In my opinion, a new bull run market will start after the next halving event takes place. If you follow a four-year cycle, the next halving will take place in 2024. As we know, the last halving occurred in May 2020. Only then, in 2021, did Bitcoin set an all-time high above the $68k price level.

It seems that what you are saying is a repetition that continues to be done by bitcoin and it has been repeated all this time and can be sure to occur in the next halving era. the halving will occur in 2024, but the formation of ATH will occur a year later and it will definitely be 2025.
because it is approaching the halving period, now is a good opportunity to continue to buy and hold on to what is already there, so that when the time comes we can get a better one.
don't delay because you want to hope to get a cheap price waiting for a correction that might be missed.

If the Bitcoin market will replicate the previous market momentum we see in the previous block halving effect market then the Bullrun will start the latest 6 months before the halving date and the new ATH price will be achieved right before the block halving is executed not after. Although the latest ATH price are always achieved months after the halving.

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