BITCOIN NEED NEW MONEY AS MUCH AS HALVING TO SEE SUSTAINED HIGH PRICES - page 2.

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Quote from: Gozie51 on August 02, 2023, 02:52:59 AM

Quote from: KiaKia on August 01, 2023, 02:17:59 PM

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Of course there are money bags that are going to come in just before the halving. They are probably waiting for the late minutes to DCA in expectation to ride the halving bull and this has been the tradition of bitcoin whales. They want to jump in late hours and cause the market to change directional flow. This will also affect the altcoins market as well. I remember the last halving, some altcoins took that moment to ATH.

When bitcoin is in a bullish trend, of course the altcoin market will follow suit. So far, the price of bitcoin has always influenced the price of altcoins, of course this correlation seems natural considering that bitcoin and investor confidence in it can be used as a benchmark for the future potential of cryptocurrency.

Investors may be patient and waiting for the right time to invest their money in bitcoin, but some of them seem to have stepped in since last year when bitcoin was still under $20k. If they expect the bitcoin price to drop lower than $20k this year then I think they will just regret the decision because I don't think the bitcoin price will correct that low again.

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Quote from: flyingcarpet on July 31, 2023, 05:25:34 PM

Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?

I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.

Isn't halving an event that will attract new money in itself? Why are we looking for other reasons? Halving is the reason behind the expectation of many people here. Just as we think in this way, institutions or companies that will invest big money also think in this way. So Bitcoin doesn't need to do anything to withdraw the money. Those who follow the stages of Bitcoin will already bring their money.

At the same time, in the period between Bitcoin's bear and bull periods, many different investing institutions or companies begin to prefer to shift their investments to Bitcoin as the bull run approaches. Considering that the expectation is a new ATH every bull season, Bitcoin does not need to do anything to attract the money.

It's true, Bitcoin has never had to do anything to attract the money that has been poured into it, it was the initial progress that was required and as soon as it got it, it started spreading so widely that we have reached the position where almost half or maybe more than a half of the whole world already knows about Bitcoin and what it is, there are millions of people trading Bitcoin on a daily basis where the quantity wasn't even in thousands at the beginning.

So the name and popularity that Bitcoin has got is all because of how unique and useful it is for its users, and that along with its attractive value that keeps changing over time is attracting even more demand as we get into the future. This halving, we will surely see a lot of new money coming in.

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Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?

I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.

I also ask myself about that specially in the last bull run. But it was answered like institutions putting their money on the market, and then we have government like El Salvador who uses it as legal tender or even as national reserves in my opinion.

So it might be the same, but this time it will be bigger than the last time and that's why we are going to sustain another bull run to $100k or more. Meaning there could be institutions, and then if ever we get a Blackrock approval then we can smell Wall street money pouring into our ecosystem.

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Quote from: KiaKia on August 01, 2023, 02:17:59 PM

Bear market is where you want to keep buying Bitcoin and Bull market is where you reap your profit, new money will get into the market before the bull market starts, as a newbie do not let this bother your mind, the charts don't lie and they exists for a reason.

Of course there are money bags that are going to come in just before the halving. They are probably waiting for the late minutes to DCA in expectation to ride the halving bull and this has been the tradition of bitcoin whales. They want to jump in late hours and cause the market to change directional flow. This will also affect the altcoins market as well. I remember the last halving, some altcoins took that moment to ATH.

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Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price.

Is new money required to sustain such an explosive price? I'm not sure I understand your point. Do you imply that inviting investors to invest in bitcoin will keep the price from skyrocketing?
The optimism that people have about bitcoin reaching another ATH of $100K in the next halving by 2024 should not be fully relied on; these are all speculations based on the nature of the market since bitcoin's inception and how its price reacts after each halving.

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The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?

I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.

Bitcoin's price increases with or without halving, though not as dramatically as it does after halving. The price of bitcoin is heavily influenced by market developments. New bitcoin investors will almost certainly increase demand for bitcoin, which will eventually affect the price of bitcoin. I don't see any need for bitcoin to be seek for sustainability outside now; it can function and be sustainable as it did before many investors got involved.

KiaKia

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You don't need to worry yourself about new money coming into crypto, there is a reason why now is the best time to keep buying Bitcoin instead of hoping that new money comes in to pump your bag, there are many big players in this space and they know how money moves in and out of crypto, it's bigger than you can imagine.

Bear market is where you want to keep buying Bitcoin and Bull market is where you reap your profit, new money will get into the market before the bull market starts, as a newbie do not let this bother your mind, the charts don't lie and they exists for a reason.

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Quote from: stompix on July 31, 2023, 09:58:43 AM

Quote from: buwaytress on July 30, 2023, 09:01:00 PM

Something I do ask myself each time we expect a rally: where will this cash come from?

From the recession bruh!
The bankrupt companies, the people who lost their jobs and savings, the banks with no money, the investors left penniless from the stock market crash, the war refugees who fled with their families and two pairs of socks, all of them will throw their money at bitcoin. Wink

Anyhow, people should not forget that even after the halving if the price will be 100k per coin you will need money invested daily to offset the mined coins. Last 24h it was $31,294,399.12 , with coins at 100k and half the reward as how you would still need $45 million daily!

Judging from the US people I knew who put all their relief money into crypto, you're probably right (I'll conveniently ignore that they used it for Bitcoin buys but only to later on exchange for shitcoins and gambling). I shouldn't generalise since I meet only the audience of my Bitcoin haunts online Wink

And yes, people still forget new coins being pushed out daily. It's still going to be significant for a couple more halvings at the very least. But it's so inconvenient to count all that huh.

adultcrypto

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Quote from: noormcs5 on July 31, 2023, 06:47:26 PM

Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?

Do not worry about the fresh money to be injected into the Bitcoin. People are always willing to invest in Bitcoin provided they know that we are in a bull market. As soon as the halving comes nearby we will see the pre-halving pump and then the post-halving bull market.

Actually, the news of a bullish market inject new money into Bitcoin. This have been consistent with all the bullish cycle we have seen so far. The only area I was referring to is if the high prices achieved as a result of events like halving will last long and people will not dump and the price crash. I know people will take profit but if we can get to a point where such profit taking will not deplete over 50% of the gains, then true believers of Bitcoin will all be handsomely rewarded.

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Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?

I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.

Do not worry about the fresh money to be injected into the Bitcoin. People are always willing to invest in Bitcoin provided they know that we are in a bull market. As soon as the halving comes nearby we will see the pre-halving pump and then the post-halving bull market.

Even when the price will reach the all-time high many people will still jump into the bitcoin so I am not worried about the money floating into the bitcoin in the next bull season.

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Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?

I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.

Isn't halving an event that will attract new money in itself? Why are we looking for other reasons? Halving is the reason behind the expectation of many people here. Just as we think in this way, institutions or companies that will invest big money also think in this way. So Bitcoin doesn't need to do anything to withdraw the money. Those who follow the stages of Bitcoin will already bring their money.

At the same time, in the period between Bitcoin's bear and bull periods, many different investing institutions or companies begin to prefer to shift their investments to Bitcoin as the bull run approaches. Considering that the expectation is a new ATH every bull season, Bitcoin does not need to do anything to attract the money.

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The time of the halving is what makes the bitcoin market more interesting than before. That’s when all this money you’re hoping for that will come into the market will set in. Since the hype will be there and people will want to be part of the beneficiaries of bull run. There’ll be a lot of demand and on the other end a big surge in prices of bitcoin.

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Quote from: BitcoinPanther on July 31, 2023, 03:16:00 PM

Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

-snip-

I highly agree that new money is need to be injected to the market to be able for Bitcoin to reach a new high. If there is now money coming in on the Bitcoin market, we can only see BTC slowly declining in price because of the continuous influx of new mined coins.

Bitcoin market needs really new capital, reason why there is a need for a consistent adoption to maintain the price range. Hype can help to convince people who already invested on Bitcoin to pour more money but it is not sustainable because one way or another these people are going to cash out for profit.

There will always be a flow of money in and out of the market - it will always give the impression that every trader will be taking profits in the market. Miners will have to sell their bitcoin holdings to cover the running fees of mining - but I think they will consider holding most of it rather than sending the market crashing into a panic.

Of course the market needs a lot of money flowing to make the bitcoin price go higher - but I don't think it will happen overnight. Prices will gradually increase as interest grows among new adopters and investors - but it will take time and patience.

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Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand.

I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.

I highly agree that new money is need to be injected to the market to be able for Bitcoin to reach a new high. If there is now money coming in on the Bitcoin market, we can only see BTC slowly declining in price because of the continuous influx of new mined coins.

Bitcoin market needs really new capital, reason why there is a need for a consistent adoption to maintain the price range. Hype can help to convince people who already invested on Bitcoin to pour more money but it is not sustainable because one way or another these people are going to cash out for profit.

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The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?

A massive adoption either by individual or institution can be the source of the new funds needed for Bitcoin surge. This is also one of the reason why developers or holders that invested a huge amount of money integrate Bitcoin in their business, create apps and promote Bitcoin so that Bitcoin will have newcomers to inject fund in the Bitcoin market creating demand pressure.

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Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price.

Bitcoin is not minted the way fiat was, you can't expect using money to print in new notes in fiat to be the way bitcoin is being created or valued, mining is the process, volatility is the requirements, demand ad supply is the means.

How could you have come about this conclusion, I don't know where you've got this your own idea from.

Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

In other words, the halving might be just a small reason -

Halving is not a small reason by any means here, it's very important to depend on this until the entire 210,000 blocks were mined, while demand and supply remain constant for it volatility and market value

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Quote from: South Park on July 30, 2023, 04:26:08 PM

It is not that complicated, the rise on the price of bitcoin should be caused at the early stages by the miners, once the halving takes place they will receive less bitcoin for each block they mine, so in order for the miners to keep themselves on business they need to increase the price at which they sell their bitcoin,

Asking as a miner, how the hell do we do this because if you know the way we're going to pump it right now!

Quote from: buwaytress on July 30, 2023, 09:01:00 PM

Something I do ask myself each time we expect a rally: where will this cash come from?

From the recession bruh!
The bankrupt companies, the people who lost their jobs and savings, the banks with no money, the investors left penniless from the stock market crash, the war refugees who fled with their families and two pairs of socks, all of them will throw their money at bitcoin. Wink

Anyhow, people should not forget that even after the halving if the price will be 100k per coin you will need money invested daily to offset the mined coins. Last 24h it was $31,294,399.12 , with coins at 100k and half the reward as how you would still need $45 million daily!

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Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?

I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.

To be able to reach that market price of around 100k dollars we definitely need a lot of money that is needed to be poured into Bitcoin, at the moment the money was just us small traders and we actually did a great job increasing the market price of bitcoin of around 30k dollars and we notice that the price remains around that range, there was some resistance and it wouldn't increase or decrease around 29k$-31k$ and in my opinion, it's a great sign already. You are right about that, it is going to be a huge amount of money, so we need billionaires, companies, institutions, government money, etc, one thing here that could be a catalyst is when the government starts to print money again, that just means that there is more money than can be put on cryptocurrency or Bitcoin that could easily spike the price of Bitcoin.

Im is optimistic about it as well because there are still a few people in the world who know Bitcoin if I'm not mistaken it is less than 5% of the world population, and if I'm going to base it on Bitcoin adaptation in the past year the Bitcoin really is adapted on a lot more countries, companies, businesses, etc. Just based on that I could easily assume that the coming Bullrun is going to be bigger than the last Bullrun.

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Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin?

Until now, halving has been a very important factor when we talk about price increases, and probably the halving effect will not be absent the next time it happens either. Fresh money will flow into BTC just like every time, and maybe this time investing will be even easier for institutional investors who will have at their disposal a spot BTC ETF, of course we are talking about the US market.

Quote from: adultcrypto on July 30, 2023, 12:34:45 PM

Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?

I think that the halving is one opportunity for profit that no one wants to miss considering that it happens every 4 years, in fact it is the only sure thing that investors can rely on. And as for money, there is quite enough of it that is not actually invested anywhere and is just waiting for the right moment. Most of those who have profited from BTC in the past will surely be able to recognize that moment again.

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New money means new or old investors enter the Bitcoin market. It will happen before the bull run arrives. And that new money will enter the market when there is a lot of positive or negative news around the crypto market. And when people see it as an opportunity to buy Bitcoin, they will start buying Bitcoin, especially if the price is still low like it is now.

There is usually a trigger for new or existing investors to enter the market but we probably won't be able to find it exactly. Many things make new or old investors start investing in Bitcoin and one of them is the low price of Bitcoin.

And the halving can also be a trigger for the entry of new and old investors. And if they see that the halving is getting closer, they will start aggressively buying Bitcoin because they don't want to miss the bull run. After all, it means they can expect to make big profits. Maybe I'm wrong on this, so forgive me.

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Quote from: buwaytress on July 30, 2023, 09:01:00 PM

Something I do ask myself each time we expect a rally: where will this cash come from?

For retail, disposable income only happens if there is no economic crisis -- even Covid itself wasn't so bad with most buyers spending relief money -- those who didn't get it or who suffered weren't Bitcoin buyers anyway. But the still-rising inflation and yet-known crisis impact worries me. Then again, maybe retail is no longer important. Institutionals? They never have issues raising cash. You've got free fit printing, magical debt creation, liquidation of other assets, and oh, even made-up stablecoins. That could all flow into Bitcoin.

You captured the views of the OP correctly as your concerns are in line with what I understand to be his/hers. Bitcoin has obviously gone to institutional level and there is no doubt institutional funds are what is driving the market at present. Nevertheless, the uncertainty in the global financial systems such as domineering moves by the west, resistance by BRICS nation and others might actually present Bitcoin as a suitable alternative to many international investors as opposed to the secular believe in gold.

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Quote from: thecodebear on July 30, 2023, 03:15:35 PM

The halving is always what draws new money in. It's not like magically every four years like clockwork lots of people decide to start putting money into Bitcoin for random other reasons, the halving is always the reason. Or more precisely, the halving brings in a bunch of new money which increases the price and then a bunch of new people bring in a lot more money purely for speculation because they see the price going up, and that second wave of money is what causes the crash afterwards because they are the people who don't know what they are doing and get scared and sell as soon as the price starts dropping.

The halving is what brings in new money which is what leads to the bull market every four years.

I agree with you that the halving brings new money as the news of any sharp rise in price will be all over the place and people actually buy the news. What I only find disturbing is how Bitcoin could move to a high of $69k and drop to as low as $16k.You will agree with me that it take a strong believer not to fidget and that is what I think the author is point to; how to ensure that huge gains made by Bitcoin is sustained and corrections will not be so deep as to depict a failure.

But in all, Bitcoin have always come out stronger and better and the future holds so much promises.

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