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I think it's exciting for bitcoin and it's community...
Topic: Bitcoin Halving only 1 year away - page 3. (Read 968 times)
Dont expect much from halving. Miracle wont happen, Bitcoin price wont change significantly. It might even wont change at all, or we could only have a hype few days before it, followed by a pump and dump, like it was before previous halving. We can also get a huge price drop during that year, and next year we get a "huge" price growth, for example from $20k to $25k, and people would celebrate "halving-halving-halving". While on time graph we will get a negative overall growth. Better hold and stick to selling price you have set as a final goal.
Well, Bitcoin's price in the past has proven wrong your assumption, that according to your assumption "Bitcoin's price won't change at all" due to halving. It's not a bold statement to say that all previous halvings have affected Bitcoin's price very positively and I don't see a reason why we won't see a similar move in next year's halving. Yes, halvings are getting less significant every time when we are only looking at the reduction in mined coins vs. traded volume of coins and also total supply. But halvings are still very famous, making it more a psychological event. Because a halving is only happening approximately every 4 years, which is very, very rare. 4 years is a very long time. And halvings are causing massively FOMO, positive news, a reminder to HODL and much more which will boost Bitcoin's price.
I did not mean that before and after halving Bitcoin price will stay the same. But at the time previous halving happened, I did not notice any significant change, neither saw I a hysteria of happiness that their holdings values now became so huge that it can be counted as "we a rich now".
What a lot of people awaits from halving? Mining becomes more complicated = Bitcoin price makes x2. Previous halving was on May 11 2020. Few days before and after halving Bitcoin price gained only several hundreds.
I hope people dont count as following: before previous halving ATH was $20k, after halving new ATH was $69k. Halving increases Bitcoin price +3 times. That is wrong imo.
I expect we'll see more front running of the halving this year as more and more people know about it and understand that bitcoin four year market cycle. It took until early 2017 to get to around the ATH, and it didn't break through until April 2017, then it only took until Dec 2020 to get to the ATH and break through it in the next market cycle. Also the halving cycle seems to be a month or two shy of four years, so between that and smart money starting to front run the halving more and more with each cycle, I wouldn't be surprised if Bitcoin is like $55k by the time the halving hits and is passing $70k (and the ATH) in summer of 2024. We could potentially see $100k by end of 2024, and then the question is does the bull market continue all of 2025 or does it only last part of 2025. If Bitcoin can already be around $100k or close to it by end of 2024 it would seem unlikely that it'll the price will keep growing for another 11-12 months after that. Maybe we'll see a mid-2025 end to the bull market.
Dont expect much from halving. Miracle wont happen, Bitcoin price wont change significantly. It might even wont change at all, or we could only have a hype few days before it, followed by a pump and dump, like it was before previous halving. We can also get a huge price drop during that year, and next year we get a "huge" price growth, for example from $20k to $25k, and people would celebrate "halving-halving-halving". While on time graph we will get a negative overall growth. Better hold and stick to selling price you have set as a final goal.
Well, Bitcoin's price in the past has proven wrong your assumption, that according to your assumption "Bitcoin's price won't change at all" due to halving. It's not a bold statement to say that all previous halvings have affected Bitcoin's price very positively and I don't see a reason why we won't see a similar move in next year's halving. Yes, halvings are getting less significant every time when we are only looking at the reduction in mined coins vs. traded volume of coins and also total supply. But halvings are still very famous, making it more a psychological event. Because a halving is only happening approximately every 4 years, which is very, very rare. 4 years is a very long time. And halvings are causing massively FOMO, positive news, a reminder to HODL and much more which will boost Bitcoin's price.
Bitcoin's next halving is only 1 year away.
We can't hear that halving on fiat and gold. This is what makes Bitcoin unique and special. Satoshi creates Bitcoin to repair the deficiency of fiat and gold. And, Actually, if supply reduces (halving), and demand increases, the price will follow a basic economics lesson. Yes, we cannot ignore that 4 years of facts if Bitcoin knows the basic principles of economics.but, there are still many hypocrites who do unbelieve even have followed it 13 years ago. I don't know the reason, but usually, people like this start to love when H+2, or late.
We should concentrate on how we maximize our profits through this tradition as the world now get more aware of the possibility of halving which will strongly upshoot the demand for the coin.
Dont expect much from halving. Miracle wont happen, Bitcoin price wont change significantly. It might even wont change at all, or we could only have a hype few days before it, followed by a pump and dump, like it was before previous halving. We can also get a huge price drop during that year, and next year we get a "huge" price growth, for example from $20k to $25k, and people would celebrate "halving-halving-halving". While on time graph we will get a negative overall growth. Better hold and stick to selling price you have set as a final goal.
There are great expectations of halving this period. Many say they can go as high as $500k. It may be too big and impossible but I believe the current halving period they can be better than the previous ATH. My expectation of being able to double or triple the ATH is already very large. But legally the supply and demand of bitcoin is designed to continue to grow.
Although I am actually worried because of the bad macroeconomic period. The threat of recession and slowing economic development. Of course this makes investors choose basic needs rather than bitcoin. But looking at my chart is still quite optimistic bitcoin will continue to grow.
Although I am actually worried because of the bad macroeconomic period. The threat of recession and slowing economic development. Of course this makes investors choose basic needs rather than bitcoin. But looking at my chart is still quite optimistic bitcoin will continue to grow.
now there are many investors who have bought a lot of btc, as well as me when the price of bitcoin goes down, i always buy btc with the dca system,
so i think now is a good time to buy btc and prepare for 2024.
but in my opinion the best thing is to hold btc until 10 years or 20 years from now. because according to my predictions in the future the price of btc will continue to rise so it would be better if we hold btc for a very long time.
so i think now is a good time to buy btc and prepare for 2024.
but in my opinion the best thing is to hold btc until 10 years or 20 years from now. because according to my predictions in the future the price of btc will continue to rise so it would be better if we hold btc for a very long time.
Yes, hence why we called it as an investment. We could pretty much make more from it if we try and hold it for more than a decade, and while the market is still friendly to us as it is selling at a cheaper price, we might as well take advantage of it and buy as much as we can from the leading altcoins and especially bitcoin because we don't know what the future will bring to us. As of now, the market is still bearish but as per speculations, we will likely experience the bull after the halving.
When I first joined this forum last 2017, I remember the price of 1 BTC = ~$4,000 on the market. Every time a halving occurs, the price skyrockets and I was not able to capitalize on that opportunity to maximize my investments.
Given that the next halving is a year away, I do highly recommend to everyone to HODL their BTCs in order to take advantage of this situation. In addition, this will serve as a personal reminder for me to save my BTCs in order to prepare for my next big purchase. I just really hope that everything ends well for everyone at this time.
You did not really had too much time to prepare yourself which led you to not being able to take advantage of the bull run at the time.Given that the next halving is a year away, I do highly recommend to everyone to HODL their BTCs in order to take advantage of this situation. In addition, this will serve as a personal reminder for me to save my BTCs in order to prepare for my next big purchase. I just really hope that everything ends well for everyone at this time.
But now things should be completely different and your results should be much better this time around, still I wonder if the positive performance we have seen during this year can be maintained, as it seems to me as if it is too soon for such a high price to be seen, and if that is the case then a dip could follow which could allow us to load as much bitcoin as we can during that period, as we make our final preparations for the upcoming halving.
1 year won't be long to wait until Bitcoin halves, I'm also curious about what will happen in the future around 2050++ year when Bitcoin mining has lower rewards than today. If mining Bitcoin rewards are reduced in the upcoming years I hope that Bitcoin price will follow to increase to make miners keep mining Bitcoin.
Miners will still be able to get rewards via the mining fee paid for each transaction if the block they mine is not empty. So if the Bitcoin network keeps getting more and more popular, there will lots of Bitcoins earned from the transactions included in the blocks. That coupled with an increase in the Bitcoin price should be a good incentive for the miners.
A great reminder for people who are still actively trading Bitcoin rather than being an investor in Bitcoin itself. It's really very lucky for those of us who are still in the early stages of getting to know Bitcoin. I'm still curious about how it will be during the last halving, will the era be a completely decentralized era? or even people will start leaving Bitcoin especially miners because they no longer get their block reward.
When I first joined this forum last 2017, I remember the price of 1 BTC = ~$4,000 on the market. Every time a halving occurs, the price skyrockets and I was not able to capitalize on that opportunity to maximize my investments.
Given that the next halving is a year away, I do highly recommend to everyone to HODL their BTCs in order to take advantage of this situation. In addition, this will serve as a personal reminder for me to save my BTCs in order to prepare for my next big purchase. I just really hope that everything ends well for everyone at this time.
the adoption as well seems to be growing, hence, the increase in demand will be seen also in this market. if you feel such positive will happen a year from now, you can start accumulating some satoshis while the price is like a bargain. even if we are in the 30k level today, if it will increase to even 40k, you are already in the positive profits.
A great reminder for people who are still actively trading Bitcoin rather than being an investor in Bitcoin itself. It's really very lucky for those of us who are still in the early stages of getting to know Bitcoin. I'm still curious about how it will be during the last halving, will the era be a completely decentralized era? or even people will start leaving Bitcoin especially miners because they no longer get their block reward.
When I first joined this forum last 2017, I remember the price of 1 BTC = ~$4,000 on the market. Every time a halving occurs, the price skyrockets and I was not able to capitalize on that opportunity to maximize my investments.
Given that the next halving is a year away, I do highly recommend to everyone to HODL their BTCs in order to take advantage of this situation. In addition, this will serve as a personal reminder for me to save my BTCs in order to prepare for my next big purchase. I just really hope that everything ends well for everyone at this time.
A great reminder for people who are still actively trading Bitcoin rather than being an investor in Bitcoin itself. It's really very lucky for those of us who are still in the early stages of getting to know Bitcoin. I'm still curious about how it will be during the last halving, will the era be a completely decentralized era? or even people will start leaving Bitcoin especially miners because they no longer get their block reward.
When I first joined this forum last 2017, I remember the price of 1 BTC = ~$4,000 on the market. Every time a halving occurs, the price skyrockets and I was not able to capitalize on that opportunity to maximize my investments.
Given that the next halving is a year away, I do highly recommend to everyone to HODL their BTCs in order to take advantage of this situation. In addition, this will serve as a personal reminder for me to save my BTCs in order to prepare for my next big purchase. I just really hope that everything ends well for everyone at this time.
The speed of the days and months actually, we won't notice that bitcoin halving is only a few months away. So communities here in the crypto space are getting aggressive in hoarding bitcoin before the halving comes.
Obviosuly there are also many who expect that the value of bitcoin will really increase at a price that everyone here certainly does not expect that it will reach the value that is unbelievable. Because that's what always happens when its halving hits the market. Then if you look at the pattern you won't see any decrease in its value over time.
Obviosuly there are also many who expect that the value of bitcoin will really increase at a price that everyone here certainly does not expect that it will reach the value that is unbelievable. Because that's what always happens when its halving hits the market. Then if you look at the pattern you won't see any decrease in its value over time.
I've just realized what was said on the OP that the reward after this coming halving is really low. Keep your bitcoins everyone, it's going to be terrific and scarce after that and then how much more after the 2028 halving but then let's focus on what's coming.
Time has flown so quickly that after 2020, we're going ahead to the next one and it even made look easy and fast because of the world situation now, the pandemic. Not bad to secure profits as everyone should really be, maybe this is the moment of my life when I can purchase some miners from my gains soon.
Time has flown so quickly that after 2020, we're going ahead to the next one and it even made look easy and fast because of the world situation now, the pandemic. Not bad to secure profits as everyone should really be, maybe this is the moment of my life when I can purchase some miners from my gains soon.
When the price is up In my opinion the miner will be more and more and difficulty will increase the ASIC manufacturer will made a better hardware and efficient.
Yes, new bull markets are also attracting more miners, as it's more profitable to mine (based on USD / FIAT prices, where electricity, the main component in PoW, how mining expenses are paid). But long-term such "bull market" miners are not significant and they will be the first ones to be forced to turn off due to their more expensive operation costs.
In my opinion, ASIC manufacturers developing new devices during bear / bull markets shouldn't be a big difference as most of it is depending on new chips but I'm not an mining expert on that subject.
Even during bear markets, hashrate isn't dropping much, as can be seen here:
https://www.coinwarz.com/mining/bitcoin/difficulty-chart
The pattern has always been this so far. Although this is not an assurance of a repeat, if the demand remains high in the face of a lower Bitcoin mining reward, it is logical that the price will be driven up. I am also expecting a new ATH either around the end of 2023 or early 2025.
But this doesn't mean that Bitcoin is harder to mine. It's just the reward cut into half. The difficulty in mining Bitcoin is another thing. In fact, quite the opposite, mining difficulty might even drop after the halving.
But this doesn't mean that Bitcoin is harder to mine. It's just the reward cut into half. The difficulty in mining Bitcoin is another thing. In fact, quite the opposite, mining difficulty might even drop after the halving.
Yes there is no guarantee but we already see the past and the pattern so far so good and ofcourse not just you maybe all people in crypto industry want new ATH.
if we look at the pattern usually ATH will come after 5 Month or 1 year after halving.
When the price is up In my opinion the miner will be more and more and difficulty will increase the ASIC manufacturer will made a better hardware and efficient.
1 year won't be long to wait until Bitcoin halves, I'm also curious about what will happen in the future around 2050++ year when Bitcoin mining has lower rewards than today. If mining Bitcoin rewards are reduced in the upcoming years I hope that Bitcoin price will follow to increase to make miners keep mining Bitcoin.
But i do have a question about the miner right now is they are still profitable? Like they can still pay their bills ?
If a miner is not profitable anymore, it will sop it's operations as it makes little to no sense to continue mining at a loss. Mining companies are overally highly professional operators, mining at a large scale. It's an own business / industry and these indistrial miners know what they are doing.
I know those bitcoin mining farm can still generate profit after having but those who has thier mining machine in house ? Will they be quitting?
Decreasing block rewards shouldn't be an issue. It's very likely to see Bitcoin's price rising, as Bitcoin is a truly scarce asset and Block rewards will get replaced by transactions fees over time, anyways, where transaction fees will become the main source of revenue for miners. Probably, lost Bitcoins will be a factor in the long run as well, making each Bitcoin more valuable.
Bitcoin will be hard to mine and it will be very rare and can drive up the price even higher 
if the halving on April 2024 maybe we can see the price all time high on end of 2024 or first quarter of 2025 be prepare guys to taste the sweet of AllTimeHigh 
if the halving on April 2024 maybe we can see the price all time high on end of 2024 or first quarter of 2025 be prepare guys to taste the sweet of AllTimeHigh The pattern has always been this so far. Although this is not an assurance of a repeat, if the demand remains high in the face of a lower Bitcoin mining reward, it is logical that the price will be driven up. I am also expecting a new ATH either around the end of 2023 or early 2025.
But this doesn't mean that Bitcoin is harder to mine. It's just the reward cut into half. The difficulty in mining Bitcoin is another thing. In fact, quite the opposite, mining difficulty might even drop after the halving.
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