Topic: Bitcoin Halving effect (Read 520 times)
Well, there will always be two sides of an argument. Some are saying that history will just repeat itself but there are still people who believes that changes might take plaace although on the same direction which is the trend of the maarket price. For sure many of us are thrilled with what we are witnessing at this point. Only a few was able to anticipate that an increase will take place and push prices upward. It somehow creates a domino effect for example, there's really no signs of market recovery last year but it still managed to break the $32k mark before the year ended. And from that people are too crazy to invest which supports the price increase on the other hand. Regardless of that lack of assurance if prices will now be higher, people are already thrilled of what could happen next as the dates for halving is coming nere. With this, you have to create a decent plan for it and to be able to still anticipate the worse possible thing to be experienced.
Everyone hopes that a price increase will occur when the halving occurs and this price increase will be the biggest increase that will form a new ATH. The market will be full of positive sentiment so FOMO will certainly occur. There will be many Halving effects for bitcoin and the crypto ecosystem, and bitcoin will reach its highest level again. everyone must be prepared to wait for this 4th halving moment and including me who is still holding some Bitcoin and also potential altcoins.
I think there will be an effect at the miners, but that the price of Bitcoin should increase this year (which is what the 4 year cycle wants to say). Miners maybe sell their bitcoin holdings, even if not all of them, to buy new mining hardware and have a stronger position in the coming months after the halving. Competition is already high now, but it should be even higher after the halving. After that, miners who mine less Bitcoin maybe dont stay so long because they will only get half the rewards and maybe have even less power because many others have increased their hashrate. That will be exciting to follow.
I thought ETF would have made a great impact as of last month being December to elevate the price, like letting it continue the flow but it didn't, is like the price movement was on hold that something was keeping it from getting a little bit closer to $50k.
You're right, if $50k would have been possible since last month the story would have been different and the price market would have been counting $55-60k by now, is not going to be anytime soon ($50-60) before the halving.
I believed that as well; however, the ETF approval anticipation had already increased Bitcoin's price quite significantly, so there's a chance that played its role too. The market grew quite fast in a short timeframe, which may be the reason why we're seeing a little bit of a slowdown. Personally, we should give it some time until we start seeing the effects of the ETF approval. Along with the upcoming halving, Bitcoin is definitely going to cross the $50.000 mark in no time.You're right, if $50k would have been possible since last month the story would have been different and the price market would have been counting $55-60k by now, is not going to be anytime soon ($50-60) before the halving.
The minor market correction is an opportunity to acquire more Bitcoin at a more affordable price before the significant surge we'll see in the upcoming months.
Also, since the old whales (as they call them) can't be in control anymore, the market will better behave, which is my fear that it might not be able to move hugely as people expected of it. The grace Bitcoin had is that it is the number of cryptocurrencies that use blockchain technology which has never been used before in the payment, trading and investment industry. This made people appreciate it very well and helped the price to grow significantly. But as the coin is heavy now, issues might arise as it can't continue to climb higher and higher like before. If care is not taken, one can see it at over $1M in no time if allowed this way. I know institutional investors will not let that excesses happen, this is the time that Bitcoin will behave more maturely like traditional assets, so I cannot expect the situation in which it will move x5 of its size again, halving or not. This coming halving effect might be the lowest in impact ever recorded by the coin and I do not expect more than $2.5T market capitalization at its stretch.
If the ETF has a significant role in the increase of Bitcoin price then why are we having that delay for the price up till this time? It should have stayed on the increase but we have it going down.
We can take two reasons why the price fell by almost 20% instead of rising. The first is that the interest of investors after the approval of spot ETFs is not even close to what was speculated, and the second is that one of the companies that received approval for the ETF (Grayscale) had more than 600 000 BTC in its possession. The data says that they have already sold more than 80 000 BTC and are still selling, which definitely causes pressure on the market, and the law of supply and demand has taken its toll.
I think the effect from ETF has already been there and is like it has a particular time to start going back up (which we definitely don't know) to a more better price like more than the expected $50k. But my problem is that the delay is too much like we're going to see Bitcoin price back at $35k in a short while if care is not taken.
There is no problem here except that there were too many expectations around the ETF, but I have speculated before that maybe we should expect that the spot ETF will not have too much influence on the price of BTC, as was the case with the futures ETF. As much as one might think that any way that appears will cause a mass frenzy to own BTC, this is by no means the case.
Any way we look at it, I believe that less than 10% of people in the world have a positive opinion of Bitcoin - others still believe that it is some kind of ponzi scheme or means of money laundering, terrorist financing and similar things. Those who think otherwise should read what Gensler wrote after being forced to approve the spot ETF.
Quote from: https://fortune.com/crypto/2024/01/12/gary-gensler-sec-spot-bitcoin-etf-approvals-cnbc-interview/
He pointed out that Bitcoin, which investors can now directly put money into through the new ETFs, is “highly volatile” and that crypto’s OG has been tied to things like money laundering and ransomware. “Bitcoin, itself, we did not approve, we did not endorse,” he said. “The only payment mechanism it’s being used for in sort of a, in a primary sense, is illicit activity,” he said in the interview.
Bitcoin's history has shown that each halving has been associated with a significant price rally. However, it's important to note that historical performance is not necessarily indicative of future results. While the halving event is a known factor, the market is influenced by various dynamic elements, including macroeconomic factors, regulatory developments, technological advancements, and overall market sentiment
Market trends are usually driven by historic events a lot of experts tend to create estimated predictions, albeit not that accurate, based on historical data economy is usually just a repeat of trends and if we were to look at the past years of bitcoin we can see that halving truly creates new ath after each halving
Of course we have to clear up some possible misunderstanding after halving, bitcoin’s price will not spike up immediately I know a lot are expecting that after halving bitcoin will have a new ath right away and if they do not see the outcomes they wanted they might panic and sell just like a lot of people who thought that the etf approval would drastically increase bitcoin’s price right away and are now disappointed by bitcoin’s current price
But remember low prices of bitcoin is not a tragedy but instead an opportunity for us to acquire more bitcoin
Of course we have to clear up some possible misunderstanding after halving, bitcoin’s price will not spike up immediately I know a lot are expecting that after halving bitcoin will have a new ath right away and if they do not see the outcomes they wanted they might panic and sell just like a lot of people who thought that the etf approval would drastically increase bitcoin’s price right away and are now disappointed by bitcoin’s current price
But remember low prices of bitcoin is not a tragedy but instead an opportunity for us to acquire more bitcoin
I thought ETF would have made a great impact as of last month being December to elevate the price, like letting it continue the flow but it didn't, is like the price movement was on hold that something was keeping it from getting a little bit closer to $50k.
You're right, if $50k would have been possible since last month the story would have been different and the price market would have been counting $55-60k by now, is not going to be anytime soon ($50-60) before the halving.
I believed that as well; however, the ETF approval anticipation had already increased Bitcoin's price quite significantly, so there's a chance that played its role too. The market grew quite fast in a short timeframe, which may be the reason why we're seeing a little bit of a slowdown. Personally, we should give it some time until we start seeing the effects of the ETF approval. Along with the upcoming halving, Bitcoin is definitely going to cross the $50.000 mark in no time.You're right, if $50k would have been possible since last month the story would have been different and the price market would have been counting $55-60k by now, is not going to be anytime soon ($50-60) before the halving.
The minor market correction is an opportunity to acquire more Bitcoin at a more affordable price before the significant surge we'll see in the upcoming months.
If the ETF has a significant role in the increase of Bitcoin price then why are we having that delay for the price up till this time? It should have stayed on the increase but we have it going down.
I think the effect from ETF has already been there and is like it has a particular time to start going back up (which we definitely don't know) to a more better price like more than the expected $50k. But my problem is that the delay is too much like we're going to see Bitcoin price back at $35k in a short while if care is not taken.
I thought ETF would have made a great impact as of last month being December to elevate the price, like letting it continue the flow but it didn't, is like the price movement was on hold that something was keeping it from getting a little bit closer to $50k.
You're right, if $50k would have been possible since last month the story would have been different and the price market would have been counting $55-60k by now, is not going to be anytime soon ($50-60) before the halving.
I believed that as well; however, the ETF approval anticipation had already increased Bitcoin's price quite significantly, so there's a chance that played its role too. The market grew quite fast in a short timeframe, which may be the reason why we're seeing a little bit of a slowdown. Personally, we should give it some time until we start seeing the effects of the ETF approval. Along with the upcoming halving, Bitcoin is definitely going to cross the $50.000 mark in no time.You're right, if $50k would have been possible since last month the story would have been different and the price market would have been counting $55-60k by now, is not going to be anytime soon ($50-60) before the halving.
The minor market correction is an opportunity to acquire more Bitcoin at a more affordable price before the significant surge we'll see in the upcoming months.
I thought ETF would have made a great impact as of last month being December to elevate the price, like letting it continue the flow but it didn't, is like the price movement was on hold that something was keeping it from getting a little bit closer to $50k.
You're right, if $50k would have been possible since last month the story would have been different and the price market would have been counting $55-60k by now, is not going to be anytime soon ($50-60) before the halving.
I believed that as well; however, the ETF approval anticipation had already increased Bitcoin's price quite significantly, so there's a chance that played its role too. The market grew quite fast in a short timeframe, which may be the reason why we're seeing a little bit of a slowdown. Personally, we should give it some time until we start seeing the effects of the ETF approval. Along with the upcoming halving, Bitcoin is definitely going to cross the $50.000 mark in no time.You're right, if $50k would have been possible since last month the story would have been different and the price market would have been counting $55-60k by now, is not going to be anytime soon ($50-60) before the halving.
The minor market correction is an opportunity to acquire more Bitcoin at a more affordable price before the significant surge we'll see in the upcoming months.
Halving happens almost every three years and in those years you experience a lot with the market if you know that history repeats itself you will not let surpass this upcoming halving without a take-home profit of yours, this coming pump is just a mini pump before the halving comes that's the time we will feel the true ATH if the bitcoin will beat its last price, still there's a lot of things might happen this upcoming months so could prepare for the dump or skyrocket this bull run.
Yes indeed dear Halving will give us another opportunity to fill up our bags more and I hope Bitcoin will touch its new all-time high in the near future and hope for mid-2025 is that we will see Bitcoin above from the level of 130k easily. Well, Blackrock is accumulating Bitcoin aggressively at the current price as of yesterday's news I read Blackrock has accumulated nearly 1.8 billion worth of Bitcoin. So when that worth of bitcoin comes into the market just have an idea we will see the market highly bullish and although they will buy more from point to point.
The halving we're expecting is going to bring something positive and big in terms of the price. Is going to be an opportunity many investors and traders are looking up to and I know we're expecting to see Bitcoin price move higher than what we're seeing. Is it that the price of Bitcoin is going to be as high as $100k+ when the time comes?
For now $50k is even hard to get to (is this how the price was back then in the last halving? Slow) and I don't know which sign we're going to be looking out for since the price hasn't gotten to $45k yet, is this another strategy or is this halving not going to be as expected?🤔
If the halving brings bitcoin to a price of 100k over the next year, the price of 50k bitcoin should arrive soon. because the process of getting to the moon takes a lot of time. I hope 50k bitcoin can be targeted soon in the coming month. This will be an extraordinary ATH, even though everyone has to go through the whale drama that will occur, we have to be mentally preparedFor now $50k is even hard to get to (is this how the price was back then in the last halving? Slow) and I don't know which sign we're going to be looking out for since the price hasn't gotten to $45k yet, is this another strategy or is this halving not going to be as expected?🤔
You're right with what you said but you know that if $50k will arrive soon and the process of getting to the moon takes a lot of time, also know that investors and traders are expecting something bigger than $50k before now, because by now we shouldn't be seeing the price at $39-40k or even $41k at this point.
The amount you mentioned ($50k) would have come to pass since December 2023 but I don't see that happening, that was my expectation base on how Bitcoin price has been moving successfully but it made a stop at $40-44k, couldn't get past $45k till now, but I feel the preparation for the big event is on its way that's why we are having this delay.
I thought ETF would have made a great impact as of last month being December to elevate the price, like letting it continue the flow but it didn't, is like the price movement was on hold that something was keeping it from getting a little bit closer to $50k.
You're right, if $50k would have been possible since last month the story would have been different and the price market would have been counting $55-60k by now, is not going to be anytime soon ($50-60) before the halving.
As we all are aware Bitcoin Halving is excepted to happen around April-May2024. Dare I say whatever price BTC sits on today is irrelevant and can expect an exponential growth after May2024. If we look back at each time Bitcoin Halving took place in the past (November2012,July2016 and May2020) We have seen tremendous growth in prices due to supply shock. I think anyone who truly believes in Bitcoins future could not ask for a better timing to invest into it right now.
Even for those who want short term goals could easily see their investments grow like crazy by next halving which be in 2028.
"Those that fail to learn from history are doomed to repeat it"
This is just something i thought i would share with the community if someone wasn't aware but let me know what you believe and also please feel to share your thoughts on this even if you disagree with whatever i've said above.
Halving is one of the biggest events in the Bitcoin circle that affects the growth of Bitcoin greatly such that price goes up much more than it was before the halving because after every halving comes a massive bull run understanding this helps you position yourself strategically to getting the best out of the Bitcoin cycle after the interval of four years. In few months from now is another halving which will mean a massive Bull run is ahead so stacking up now will be the best any Bitcoiner would do so that immediately after the halving you will be running in massive profits.Even for those who want short term goals could easily see their investments grow like crazy by next halving which be in 2028.
"Those that fail to learn from history are doomed to repeat it"
This is just something i thought i would share with the community if someone wasn't aware but let me know what you believe and also please feel to share your thoughts on this even if you disagree with whatever i've said above.
Understanding the cycle and taking advantage of it can not only get you profitable but can aswell make you have a bigger portfolio which for some people, it means that will be richm
~snip~
I'll be happy if I can witness this moment, less than 1BTC per block will be a historic fact.
I'll be happy if I can witness this moment, less than 1BTC per block will be a historic fact.
Let's say that it will be something worth mentioning, but also if we know that in the first 4 years the reward per block was as much as 50 BTC, and today it is only 6.25 BTC (soon only a little more than 3 BTC), then this is a decrease of even x8.
The fact is that as we go further into the future, there are less and less BTC that will be available for mining, less and less rewards for miners and the price of BTC is getting higher and higher. Those of us who have been with Bitcoin a little longer witnessed the time when it was said "everything under $1000 is cheap", and then it changed to "everything under $10 000 is cheap", today we live in a time when we can say "everything under $100 000 is cheap"
~snip~
I'm just curious to know what it will be like when the block reward is less than 1BTC. At some point in history (I don't know if I'll be alive to see this in the future, I believe it will take decades) they will have to review whether 8 decimal places are enough for Bitcoin.
I'm just curious to know what it will be like when the block reward is less than 1BTC. At some point in history (I don't know if I'll be alive to see this in the future, I believe it will take decades) they will have to review whether 8 decimal places are enough for Bitcoin.
This will happen much sooner than you think, and even if you are a little older person, it is very possible that you will experience it, considering that miners will receive less than 1 BTC after block 1 260 000, and that the next halving will happen on the block 840 000 in a few months. If I calculated correctly, it will happen at the halving in 2032. If we assume that the price of BTC will rise significantly by then, miners will still have the motivation to mine, and they will always have earnings from fees.
Controlled supply
It's really true, this is much closer than I imagined, so it means that following the logic of supply X demand, today we can acquire some fraction of bitcoin for a relatively low value than compared to what it will be in 2032 when the reward per block will be only 0.78125 BTC (monetary expansion is infinite, bitcon is not) .
I'll be happy if I can witness this moment, less than 1BTC per block will be a historic fact.
Most of us are expecting that this event or halving would create a bull run or make another ATH record for Bitcoin.
Only couple of months left before halving, maybe if there would be a bull run it would start real soon.
Only couple of months left before halving, maybe if there would be a bull run it would start real soon.
Halving happens almost every three years and in those years you experience a lot with the market if you know that history repeats itself you will not let surpass this upcoming halving without a take-home profit of yours, this coming pump is just a mini pump before the halving comes that's the time we will feel the true ATH if the bitcoin will beat its last price, still there's a lot of things might happen this upcoming months so could prepare for the dump or skyrocket this bull run.
Taking a deep dive, In the past, Bitcoin halving events have often been followed by periods of increased demand and price appreciation. This is because the reduced supply can create a sense of scarcity and increase the perceived value of each Bitcoin. However, it's important to note that past performance is not indicative of future results, and the market can be influenced by various factors.
And I still believe that it was the same impact that we experienced this year after halving - the price increase. Of course, we can't simply it all the same due to some factors and market influence but in overall views on how halving plays some role in the crypto market, no doubt it was even more influencing than any factors. Bitcoin halving remains unchanged and the impact is quite positive. And this is the reason that influences the mindset of the people to wait and feel the roaring price of Bitcoin after. The impact is not instant but it is okay, it comes next and drives the market to Bullrun.
The bitcointalk forum is an eye opener to cryptocurrency investors, trading by having information about Bitcoin and been active in forum is added advantage to have more information and more knowledge about Bitcoin circle, which normally called Bitcoin halving that occurs every 4years, after having occur, price of Bitcoin skyrocket.
Cryptocurrency investors have many lines they visit to make a decision they will consider important. Because they often seek profits through cryptocurrency investments, they will visit any forum to see developments in news about cryptocurrency and try to make the best decision before investing. Even though those who are experienced already know that Bitcoin is a very good investment route for all investors at any time and now everyone has seen how cryptocurrency investors have developed who openly like Bitcoin.
Taking a deep dive, In the past, Bitcoin halving events have often been followed by periods of increased demand and price appreciation. This is because the reduced supply can create a sense of scarcity and increase the perceived value of each Bitcoin. However, it's important to note that past performance is not indicative of future results, and the market can be influenced by various factors.
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