BITCOIN NEED NEW MONEY AS MUCH AS HALVING TO SEE SUSTAINED HIGH PRICES - page 3.

Don Pedro Dinero

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

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?

Halvings reduce the supply of new bitcoin, so assuming a more or less constant demand, the price tends to rise. It is like a snowball that makes bitcoin be perceived as more valuable and people are willing to pay more for the same amount. This has happened in previous halvings and we assume it will happen in the next ones, the only thing is that the reduction in supply will have less and less effect on the price proportionally.

Fundamentals Of

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That's true. If Bitcoin is to rise high, there is of course a need for new money. But I don't think that's a problem. Institutions are now here. They're now becoming vocal of their support regardless of the seemingly unfriendly stance of regulators. That's a big deal. They're now showing openly that they recognize Bitcoin as a legit asset or a new investment class. As a currency, the adoption is also moving forward.

The halving is anticipated because new supply will now be scarcer. So even if the demand is not growing terribly high, since the amount of new supply injected into the circulation is cut into half, there will definitely be a change in the price.

buwaytress

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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.

hatshepsut93

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If Bitcoin market is determined by speculative traders, it can rise and fall even without an influx of new money. The price can rise when speculators refuse to sell, waiting for growth, and buy more. But eventually they will sell and crash the market. This could mean that over a long period the average price will be constant, but there will be bull-bear cycles with huge ups and huge downs.

I think the potential for new money in Bitcoin is fairly limited, because most of the world views Bitcoin as a risky and volatile investment. People tend to take risks if they are convinced that it's a good risk. It's hard to do so with Bitcoin.

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To be able to increase the volume of Bitcoin, of course, there must be many investors who start getting into Bitcoin.
When the Halving will occur and Bitcoin has started Hype, we will see the inflow to Bitcoin will be even higher.
The new money will come in from several new investors with quite a large amount.
We are all optimistic that Bitcoin will reach ATH when Halving 2024 and reaching an ATH price of $100k is expected.

See how Bitcoin is currently dominating, it's still at 47.51%.
To achieve a new ATH Bitcoin Domination is around 60%-70% and that will make Bitcoin the main focus because the Hype has arrived.

Source: https://coin360.com/

Then it needs New Adoption and some good news for Bitcoin so that everyone is on Bitcoin.
We will see How After the Bitcoin Halving Happens, Expect Bitcoin to see a significant upside.

Franctoshi

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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 an explosive price. In other words, the halving might be just a small reason - what we 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 objections to my opinion will help a lot of us learn.

Just as we are all optimistic about the future price of Bitcoin, there is one thing that has happened in the past bull markets that made Bitcoin see those tremendous increases in price during the previous bull cycles was that the Federal Reserve was in a continuous printing of money which is not happening now, right now, Fed is removing liquidity which we don't know if they going to continue towards next year which happens to be next Bitcoins having which might affect how far that the price might go.

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Bull market came from fresh money as the investors are coming back and you can expect this to happen with Bitcoin. There’s a lot of investors who are into altcoins but the moment Bitcoin started to be hyped, I’m sure investors will also start to convert their altcoins to Bitcoin. Reaching that peak requires a huge volume of buyers, and investors will come at the right time in the market so be more patient and the bull will soon begin.

adaseb

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He is correct in some sense. You hear these numbers such as $1,000,000 per Bitcoin. But guess what there needs to be people out there willing to pay that much for a Bitcoin to bring it to those levels.

Take dogecoin for example. The amount that is mined per month is like half a billion if the price is $1 per doge. And why it’s price wasn’t sustainable at $0.70 when Elon was pumping it. People need to understand how market cap is important. Easier to take a million dollar cap coin up than it is taking a billion dollar coin up.

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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.

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, this causes the slow increase on the price we see at the earliest stages of the bull season, then once this growth passes a certain point investors and speculators begin to invest in this market driving the price up, which later brings retail investors and finally newbies to the mix.

stomachgrowls

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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.

Just put up into your mind that, if we do able to reach out $69k price ATH wayback into past bull run, how much more on the upcoming one? We might be seeing about having no fresh new capital or new money that might

flowed into crypto space but come to think that fiat could be unlimitedly be printed. Cheesy

. Institutions and lots of huge investors are really just lurking in the shadows and just waiting for the right moment to get in.
We know that halving event is really a common trigger on having that bull run and this is why if ever you do have some doubts about potential price spike into those times then i cant blame you.
You would normally be having or creating these kind of impressions basing up on the current market conditions that we are seeing on which doubts and hesitance about the upcoming bull run
would really be there and foreseeing that it might not happen anymore this time.

We cant just really that underestimate the investors around, it might look they might not be there anymore but on the time comes then for sure we would really be getting
shocked and make out questions on where the hell those money came from. Cheesy

thecodebear

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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.

adultcrypto

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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.

Topic: BITCOIN NEED NEW MONEY AS MUCH AS HALVING TO SEE SUSTAINED HIGH PRICES - page 3. (Read 403 times)