Bitcoin 2024 halving less than 1 year away - page 6.

dansus021

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Is less than 1 Year but i would consider this as one year Grin

. Anyway I am gonna share my opinion usually Binance will crazily bull after 6-12 month after halving or I would say this would touch New All Time High.

But at the moment halving there is big possibility that bitcoin price is already in the bull market but I think it is not late to buy. October - November of 2024 might become the craziest year of 2024
according to the Coinglass

Wiwo

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Quote from: GreatArkansas on May 23, 2023, 11:06:26 AM

Based on my research before, I checked every Bitcoin block halvings before and I conclude from my own opinion, the price starts to pump every before the exact Bitcoin block halving. Which for me makes sense here, the "buy the rumors, sell the news" comes here because for example on some people who are not familiar on this event, some of them could expect on the day of event it will be a bullish for Bitcoin or that's the only time it will only pump or will start.

Buying the rumours and selling the news may work mostly in a market that is highly monopolistic where few habd control of the supplies of the asset, and that is what mostly gives birth to funds, but most bitcoin investors anticipate a bull only when the demand increases significantly against the supply.

And in this case, bitcoin halving will motivate that, but u can't really prevent a bull market before the halving, since halving ushers in a new rewards system, and the block size will be reduced.

carlfebz2

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Quote from: TheGreatPython on May 23, 2023, 05:01:32 AM

Quote from: Ojima-ojo on May 19, 2023, 01:53:43 PM

Quote from: Oshosondy on May 14, 2023, 04:33:37 AM

Bull run is normal before halving, but it is not going to be strong enough, which would be followed by bear market again. That is what that happened recently when bitcoin got to $31000. Maybe the price of bitcoin will increase, but I am still thinking that it would decrease up to $20000 before halving which will indicate a strong buy before halving which might not make bitcoin to still be more than $30000. Halving will come and the real all-time-high bull market will become reality.

The fact is, this prediction is born out of personal opinion, and we can't tell if the bull market will come before or after Bitcoin halves but what we are certain of is that Bitcoin block rewards are going to be reduced after the halving and that point to more scarcity that can easily trigger a bull market, but then you did well in your predictions based I previous market actions which are on records.

The best option left for us to take advantage of the market before anything else is to make sure we have enough funds to buy more Bitcoin whenever it touched a discounted price before the bull market begins.

The halving event cuts down the block reward for miners which means that the Bitcoins that currently being mined will reduce and that doesn't mean that the current circulating supply will reduce, so it doesn't really bring immediate scarcity but it only helps in slowing down the circulation which will eventually have an effect on the price since demand increases and circulation reduces due to it.

The main reason why halving can become a trigger for the bull market is because people think of it that way and they will buy in bulks before the halving which will make the price go up and there will be a lot of demand at that time.

Neither before the halving event kicks in or after that on which there would really be bulk buying of coins on these times which we know that peoples mindset would really be pertaining about that inevitable rise

which it isnt really that wrong either.We can really make out some assumption that bull run would usually kick in after the halving even or several months earlier on that event which we cant precisely able to

tell on whats the exact point.This is why it would really be that wise that you should really be securing yourself since the price isnt really that high because once the train would be tending to leave then
for sure you would really be having those kind of regrets on which you would really be murmuring to yourself that you should have purchased it out earlier and make able to maximize out that potential
profit. We are indeed just 1 year away before that halving event happens and lots of speculations had been floating around on what are the potential things to happen.

GreatArkansas

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Based on my research before, I checked every Bitcoin block halvings before and I conclude from my own opinion, the price starts to pump every before the exact Bitcoin block halving. Which for me makes sense here, the "buy the rumors, sell the news" comes here because for example on some people who are not familiar on this event, some of them could expect on the day of event it will be a bullish for Bitcoin or that's the only time it will only pump or will start.

TheGreatPython

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Quote from: Ojima-ojo on May 19, 2023, 01:53:43 PM

Quote from: Oshosondy on May 14, 2023, 04:33:37 AM

Bull run is normal before halving, but it is not going to be strong enough, which would be followed by bear market again. That is what that happened recently when bitcoin got to $31000. Maybe the price of bitcoin will increase, but I am still thinking that it would decrease up to $20000 before halving which will indicate a strong buy before halving which might not make bitcoin to still be more than $30000. Halving will come and the real all-time-high bull market will become reality.

The fact is, this prediction is born out of personal opinion, and we can't tell if the bull market will come before or after Bitcoin halves but what we are certain of is that Bitcoin block rewards are going to be reduced after the halving and that point to more scarcity that can easily trigger a bull market, but then you did well in your predictions based I previous market actions which are on records.

The best option left for us to take advantage of the market before anything else is to make sure we have enough funds to buy more Bitcoin whenever it touched a discounted price before the bull market begins.

The halving event cuts down the block reward for miners which means that the Bitcoins that currently being mined will reduce and that doesn't mean that the current circulating supply will reduce, so it doesn't really bring immediate scarcity but it only helps in slowing down the circulation which will eventually have an effect on the price since demand increases and circulation reduces due to it.

The main reason why halving can become a trigger for the bull market is because people think of it that way and they will buy in bulks before the halving which will make the price go up and there will be a lot of demand at that time.

uneng

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Personally I think the next bull run must start on the following 6 months after the halving event. The question is how intense this bull run is going to be and if it will be possible for Bitcoin to reach a new ATH. It will heavily depend on how the global economy will be doing, especially in USA, China, European Union and Russia. Besides the side effects of potential conflicts such as the war between Ukraine and Russia.

superman184

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Quote from: Paul Pogba on May 22, 2023, 05:28:19 AM

The halving that will occur in about a year will certainly make us optimistic, usually the price will increase by at least 50% in a short time or in the same month when the halving occurs, it is time for us to make large purchases so that we have the opportunity to get big profits during the halving. will happen in 2024.

I will not dismiss your optimism for Bitcoin and also for Halving on Bitcoin. But what I want to know is which reference did you take so that you also look optimistic by saying that the halving will occur in about a year with a minimum price increase of 50%? If indeed you are a reliable forecaster in terms of the crypto market, especially for the price of Bitcoin, I would like to see you present the data with more logical reasons to be digested by many people here.

Quote from: yohananaomi on May 22, 2023, 09:18:23 AM

another year will enter the era of the halving period, of course it is true as you said that it will coincide with the gradual increase of bitcoin, until 2025 where a renewable ATH will be formed. because time is not so long as you said too, so this is an opportunity to continue to buy and hold and no longer need to wait for a correction to occur to buy, because the opportunity to continue to save will be lost by continuing to delay.

The opportunity to buy is still there and it is clear that there is no need to postpone it as long as you have sufficient capital. But if you're trying to justify what @Paul Pogba said, I'm just curious about the same month he was referring to. Because I don't think that he is predicting market conditions that are still uncertain as he said, so how can you directly justify what he said while he didn't provide any references based on what he said?

yohananaomi

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Quote from: Paul Pogba on May 22, 2023, 05:28:19 AM

The halving that will occur in about a year will certainly make us optimistic, usually the price will increase by at least 50% in a short time or in the same month when the halving occurs, it is time for us to make large purchases so that we have the opportunity to get big profits during the halving. will happen in 2024.

another year will enter the era of the halving period, of course it is true as you said that it will coincide with the gradual increase of bitcoin, until 2025 where a renewable ATH will be formed. because time is not so long as you said too, so this is an opportunity to continue to buy and hold and no longer need to wait for a correction to occur to buy, because the opportunity to continue to save will be lost by continuing to delay.

coin-investor

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We already have three halvings already we all know what happened during the halving, people this time are anticipating the next halving because they have seen how history repeats so my vote is Less than 6 months before the halving this is the time that investors will take action and start to HODL we will have the price that we all wish, which is $60 k to $100k of course provided that there's no FOMO happening.
This is not a piece of financial advice but this is the road that I'll follow.

Paul Pogba

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The halving that will occur in about a year will certainly make us optimistic, usually the price will increase by at least 50% in a short time or in the same month when the halving occurs, it is time for us to make large purchases so that we have the opportunity to get big profits during the halving. will happen in 2024.

Stavri

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Taking into account historical patterns, if cryptocurrency prices experience a slow and steady movement within the range of $20K to $40K, there is an intriguing possibility of a local low around $30K occurring approximately six months prior to the halving event. Sooner or later, the hype surrounding the halving is bound to make its presence felt in the market.

Dave1

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Quote from: goaldigger on May 19, 2023, 04:09:05 PM

Quote from: sheenshane on May 15, 2023, 06:59:56 PM

I think it's more than 6 months after halving.

AFAIK, it was almost a year before when a bull market reached a new ATH which I think will be the same as this year.
You might need to add another option to the voting poll.

But this IMO prediction and it seems you're right that no one speculates the Bitcoin price.

The pump can start months before the halving, and might correct a few and after that we will rise to the real bull trend and I agree that it usually happens months after the halving just like the previous one. The market is unpredictable by many are very bullish for the upcoming halving. Right now is the best time to prepare for halving and accumulate more, bull market is inevitable, we just need the right timing for this.

Yes, so most likely weeks after the block halving and then the parabolic growth might be felt 6 months after that.

So it's better to have this kind of mindset, specially if we have seen the previous bull run or at least experience it. It's one of the best experience that a bitcoin investors could have in my opinion. I mean the first time I experience it, I really don't know what to do but to just sell my bitcoins. And in the next run, I just accumulate as much as I can and then sold at almost the top to get profits. And then the period of accumulation begin last year and still up to this year I still accumulate as much as I can.

kawetsriyanto

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Quote from: Sebas.tian on May 14, 2023, 11:00:54 PM

I think, bullish market have started because many traders has started trading their coins they purchased early last year when the price was low in the market, which is a great joy for them to experience $30,000 in the months of April and there is still hope of making more profits from the market. Since the price has moved from $17,543 to $27,543 in this month of may showed that bullish market is on ground till the price of Bitcoin reach $80,000 before the bearish season will take over the market. I believe, next year 2024 will be more better than this year because there are some signs in the market that make traders to believe that this bullish will reach next year to allow both long term and short term traders embrace massive income.

The price moved from $17k to the current price ($26k-$27k) seems not a strong reason for the beginning of the bull market. If we are already in the bull market, why is the price of Bitcoin likely difficult to increase? Lately, Bitcoin price looks in a sideways phase or in a decreasing step for now. It ever passed $30k, but it dropped again to the current price and got difficult to raise again. When it is in a bull market, I assume the price won't be stuck like this moment and it should be easier to increase more.

Regarding 2024, surely it should be a better time for all crypto coins. We all expect that there will be a huge increase in crypto prices. Not only Bitcoin hits a new ATH, but people also expect the altcoins season in 2024. Well, let's hope that Bitcoin halving really bring big impacts to the whole crypto world.

goaldigger

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Quote from: sheenshane on May 15, 2023, 06:59:56 PM

I think it's more than 6 months after halving.

AFAIK, it was almost a year before when a bull market reached a new ATH which I think will be the same as this year.
You might need to add another option to the voting poll.

But this IMO prediction and it seems you're right that no one speculates the Bitcoin price.

The pump can start months before the halving, and might correct a few and after that we will rise to the real bull trend and I agree that it usually happens months after the halving just like the previous one. The market is unpredictable by many are very bullish for the upcoming halving. Right now is the best time to prepare for halving and accumulate more, bull market is inevitable, we just need the right timing for this.

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Quote from: salad daging on May 19, 2023, 02:29:34 PM

Quote from: imamusma on May 19, 2023, 02:17:11 PM

Quote from: JoyMarsha on May 19, 2023, 01:40:04 PM

Nobody can determine with certainty whether the bull run will occur before or after the halving the next year.

It's hard to say the bullrun occurred before the halving, but it's somewhat conclusive to say that after the halving bitcoin was already in a bullrun. I agree that there is no x in date to be sure, so the best thing right now is to take advantage of the market situation. I must say that accumulation at this point is most recommended before the bitcoin price soars, but keeping DCA in mind.

Bullruns can start at any time, but the two months before the halving seems a good area to consider the best time to start climbing. I think we should be quite wise and careful in watching the market, but for long term investment I think it's time to fill your bag.

I also feel the same way that the bullrun will start before the halving is very unlikely as my personal assumption, but it is clear from previous history that we have seen that the bullrun will come after the halving for several months, so I will wait for the halving to arrive later.
Even the bullish time is not the same as in 2021, maybe there will be some time difference for the bullish arrival.

The market is declining, it's time to think about buying more bitcoin before falling far behind where the price of bitcoin will strengthen again, it seems that the current price will last for a few more months, so the DCA method is still a good method to continue starting in this way.

I think people who think long-term investing are not going to have a bullrun in the next cycle they're usually going to keep holding on and get past the next bull run.

Basing up on history then it would really be a several month later for the bull run to kick in after that halving event basing up on the history which this would be most likely to happen on next upcoming halving but we cant be sure if it would be kicking in before the month of halving event, no one actually knows because it would really be depending on the market on what would happen.
Therefore, the wisest thing to be done now is to accumulate coins as much as we could because we wont really be able to know on when it would kick in, and this is why its better to secure
your position before its too late or you would really be finding yourself get left behind and this is what it is really that important that you should really be wise
on whatever decisions you would be making.

rahulzx

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not being before in halving cycle, hope next time will be the highest users be on the halving cycle as their first time.

salad daging

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Quote from: imamusma on May 19, 2023, 02:17:11 PM

Quote from: JoyMarsha on May 19, 2023, 01:40:04 PM

Nobody can determine with certainty whether the bull run will occur before or after the halving the next year.

It's hard to say the bullrun occurred before the halving, but it's somewhat conclusive to say that after the halving bitcoin was already in a bullrun. I agree that there is no x in date to be sure, so the best thing right now is to take advantage of the market situation. I must say that accumulation at this point is most recommended before the bitcoin price soars, but keeping DCA in mind.

Bullruns can start at any time, but the two months before the halving seems a good area to consider the best time to start climbing. I think we should be quite wise and careful in watching the market, but for long term investment I think it's time to fill your bag.

I also feel the same way that the bullrun will start before the halving is very unlikely as my personal assumption, but it is clear from previous history that we have seen that the bullrun will come after the halving for several months, so I will wait for the halving to arrive later.
Even the bullish time is not the same as in 2021, maybe there will be some time difference for the bullish arrival.

The market is declining, it's time to think about buying more bitcoin before falling far behind where the price of bitcoin will strengthen again, it seems that the current price will last for a few more months, so the DCA method is still a good method to continue starting in this way.

I think people who think long-term investing are not going to have a bullrun in the next cycle they're usually going to keep holding on and get past the next bull run.

dragonvslinux

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Although not many votes on this poll yet, it's interesting to note that most think a bull market will start 6 months prior to the halving, similar to a lot of 2020 theories, as well as what effectively occurred in 2016. Given the majority are usually wrong, I'm more inclined to think it will happen after the halving, maybe within 3-6 months. A lot of this depends on where price goes for the rest of the year I realise though.

For example if price reaches $50K this year towards the end of the year, or even re-test the highs around $60K, it's likely there'd be a prolonged correction that could eat into the 6 months prior to the halving (ie from around November/December). But if price is going to move slowly throughout the rest of the year, between say $20K and $40K, then for sure we could see $30K as a local low 6 months prior I think.

imamusma

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Quote from: JoyMarsha on May 19, 2023, 01:40:04 PM

Nobody can determine with certainty whether the bull run will occur before or after the halving the next year.

It's hard to say the bullrun occurred before the halving, but it's somewhat conclusive to say that after the halving bitcoin was already in a bullrun. I agree that there is no x in date to be sure, so the best thing right now is to take advantage of the market situation. I must say that accumulation at this point is most recommended before the bitcoin price soars, but keeping DCA in mind.

Bullruns can start at any time, but the two months before the halving seems a good area to consider the best time to start climbing. I think we should be quite wise and careful in watching the market, but for long term investment I think it's time to fill your bag.

Ojima-ojo

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Quote from: Oshosondy on May 14, 2023, 04:33:37 AM

Bull run is normal before halving, but it is not going to be strong enough, which would be followed by bear market again. That is what that happened recently when bitcoin got to $31000. Maybe the price of bitcoin will increase, but I am still thinking that it would decrease up to $20000 before halving which will indicate a strong buy before halving which might not make bitcoin to still be more than $30000. Halving will come and the real all-time-high bull market will become reality.

The fact is, this prediction is born out of personal opinion, and we can't tell if the bull market will come before or after Bitcoin halves but what we are certain of is that Bitcoin block rewards are going to be reduced after the halving and that point to more scarcity that can easily trigger a bull market, but then you did well in your predictions based I previous market actions which are on records.

The best option left for us to take advantage of the market before anything else is to make sure we have enough funds to buy more Bitcoin whenever it touched a discounted price before the bull market begins.

Topic: Bitcoin 2024 halving less than 1 year away - page 6. (Read 1206 times)