Topic: Bitcoin Halving only 1 year away - page 4. (Read 917 times)

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 

What I've noticed Regarding Bitcoin's partial reduction of the block reward coming later in 2024, where the reward will be reduced to 3,125 BTC per block is a reminder of what Bitcoin's scarcity as an asset means, The supply of new Bitcoins entering the market is reduced, leading to increased scarcity and mark.

So what to do Keep an eye on the halfway countdown and get ready for a financial future with significant returns in the foreseeable future.



Halving events are expected to impact the Bitcoin price, as it reduces the number of newly mined coins entering the market. While lower mining rewards may mitigate the immediate impact of the halving, it is still expected to have a significant effect on market sentiment and prices.

Traders and investors should remember that Bitcoin's scarcity is a key factor in its value, and halving events play an important role in maintaining that scarcity. Therefore, even though the impact of halving on price could be mitigated by lower mining rewards, it remains a significant event for Bitcoin's long-term value.

Maybe some people still see the decline in this imbalance as a negative thing, this is actually the pressure of limited supply of Bitcoin and it's getting harder to mine it. With only a year left until another fraction of a year, it's important to remember that Bitcoin is a scarce asset, with a total supply of 21 million coins. Yes, the halving is about to happen and take action to invest in Bitcoin now.

Recently, in a discussion in my locality, some people said that this halving will make the market very bullish and also the last bull market of the market. They argue that the coming government intervention will make the market no longer free. The market will be controlled and regulated just like the stock market and foreign exchange, so there won't be any hype.

With what is happening to the market, the SEC and CFTC are increasing the pressure on the market. I find what they argue somewhat reasonable but this is a free market, decentralized, I wonder if governments have good control.

There are still a year that i will save money to buy more bitcoin. For sure a lot of us now got a lesson in the pas halving that they havent own a bitcoin and haven't ride the ATH of bitcoin. But i do have a question about the miner right now is they are still profitable? Like they can still pay their bills ? 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?

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.

Bitcoin HALVING according to predictions and analysis is just around the corner
yes ,, you could say more or less one year left.

but the question is whether btc will rise high or not in 2024,
and the answer is definitely between not going up or going up.

but in my opinion and if I look at the economy, it will be difficult for BTC to go up because usually people also when the economy is down
will be more concerned
food and drink for the day.

but of course we have to think positively, and hopefully the economy
in this world progressing,
because in my opinion, if the economy progresses, the btc price will also go up high.

I am really expecting a lot from the Bitcoin block halving event on Bitcoin.
One of my indicator for every bull run is the Bitcoin block halving on Bitcoin, Bitcoin block halving event already shown multiple times that on every before Bitcoin block halving we can see a huge price action upwards on the Bitcoin market.

This is interesting as you are suggesting that this time is different, and bitcoin may not behave the way it has behaved after the halving in all those previous years.
Well your point is right in the sense that there is no hard and fast rule that bitcoin should enter into a bull season after the halving and make an all time high. Bitcoin has been doing this in previous halving and it may or may not do it this time.

However, when we see the economic indicators plus the financial market conditions and how the fiat currency is devalued, the world banking sector is collapsing and the dollar printing machine will again be on, I think we might see the biggest bull season that has ever been before.

Here's something interesting when it comes to this date (a year before halving). Take a look how low the price was each time when compared to the next 12 months.
Each time these were relative lows and the price was on its way up.
Another interesting thing is that in early halvings people were less eager to buy bitcoin a year before the event. In 2011 the price was tanking a year before the halving, in 2015 it was more flat , but still scraping the bottom, but in 2019 it was past the lowest point breaking out towards a bull market. It's doing a similar thing this year, trying to break out when it's still a year to the halving. It shows the market is more mature and there's much more buying taking place.

I am still holding some Bitcoin in my hardware wallet and have never touched them. I am anticipating the Bitcoin halving, which is just a year away. We are speculating that Bitcoin will multiply its value, just like the last halving. However, we always have to be prepared for unexpected events since the price is so unpredictable.

I wish I could have transferred all of my assets there before I got hacked and lost a lot of money. Those memories still haunt me a bit, but I have simply moved forward and become better at making decisions.

Honestly I am not too hopeful with the halving this time. I think bitcoin does repeat it's patterns but it doesn't repeat patterns in the very obvious way because you will see a lot of influx of capital if people think after halving market always jumps up. I think there will be a big all time low that might come after the halving and the only market might start to go up. I think bitcoin obviously never repeate itself completely.

I hadn't realized that we were only a year away from halving. It's quite possible to start noticing a minor recovery until then, and hopefully, a new ATH within the next 1.5 to 2 years from now. Although I've gone through one more halving, I never actually grasped that we're still so early in the process of reducing the block reward that there are so many halvings in the distant future. I've got no clue if the previous increasing pattern continues in this halving or the upcoming ones, but I'm positive that the next few years will be interesting.

My question now is the following, will mining still be profitable in 10 or 20 years from now?

Miners will be affected in bitcoin halving because there will be limited bitcoin to mine which will affect their profit in mining. I do believe that there will be an alternative means which miners will get reward apart from transaction fee. Bitcoin halving is what every investor is waiting for so that they can sell some fraction and make profit. It is fast approaching and before you know it,the halving will be knocking on your door. I know that so many bitcoiners are patiently waiting to experience it. This is the first time I will looking forward to experience it. Bitcoin halving is what make bitcoin unique

this is a great topic as well as an encouragement to all of us who invest in bitcoin.
yes, even though we actually won't know what will happen to btc in 2024, and I can't wait to see btc prices in 2024, whether btc prices will go up or not.

yes, let's hope that btc in 2024 will be very high.

Mining will be still profitable for many miners.
The block reward was 50 BTC (plus transaction fees) when bitcoin was created. Currently, that's 6.25 BTC (plus transaction fees) which means that the amount of newly generated coins in each block has been decreased by 87.5%. Mining is still profitable while the block reward has decreased that much. It may worth mentioning that total hashrate reached its all time high less than a month ago.

Note that as times goes, we will probably see more efficient mining devices in the market.

I am more interested in the charts and how early we are and yet, how far we've come as to price index to the time. This is an eye opener to investors out there that thinks we've past the stage where one can benefit the most from bitcoin investment and looks for early opportunities in altcoins. The market is still very green and in its vegetative state. There are more that can come out of bitcoin in years before we reach all of its halving cycle. It stretches the idea why, hodling is still the best approach and why those hodling are actually doing the right thing.
It's necessary to spend your coins once in a while as well but, not unnecessary and I look forward to what changes the next halving would bring.

Glad to learn something new today explained simply. Bitcoin is such a unique currency that overcomes all the pitfalls of fiat. Satoshi is an angel because he designed an extraordinary currency Every year bitcoin gets more scarce and precious. Bitcoin has more value than gold because it is limited. Miners have gone through so many hard times in this bear season that some of them had sold some of their mining equipment because of the high cost of power. So many holders have gone through a turbulent period that some sold out of FUD. As a holder, my wish is to see the Bitcoin price go up, so if your predictions become a reality, I am already celebrating.

    -  It turns out that we only have to wait one year, and we can save for one year, I hope I can save a large amount of bitcoin so that I can have good savings by next year as well.

Because it is certain that as the new month comes, the value of bitcoin will gradually increase in the market, many people are waiting for this thing to be honest. I just hope that after the bitcoin halving, I will be included in the development of life somehow.

I think that in that time 1 satoshi will be at either 1+ dollar or at 0 dollars, no between things.

I am just waiting to see what will be the prices after halving but still we have to wait for some time to see the actual results.The main hype is there because technically the rewards are halfed decreasing the circulating supply and trends say the adoption rate is high which will eventually boost the prices so holders will get returns.I am optimistic about the growth but for me beating the ATH of $68k would also be great as have invested at low points compared to that.So just wait for it and thanks for reminding us about it with days limit also.