Count down to Bitcoin halving. - page 2.

terrific

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Quote from: Sebas.tian on December 11, 2023, 12:38:52 AM

Quote from: terrific

139 days left.
We've only got 365(1/2) days a year and I'm not good with numbers but this makes me think that we're still quite far to end a year but then it's easier to count with months since it's just a few months away.
Needless to say, everyone is happy now because it seems that the impact pre-halving goes to the altcoins market.

Yes, it remain few weeks and some days before the end of this year but if you look around the market very well, you will know that something new can still happen before the end of this year that will help those that have been holding for long to use the chance to embrace incomes. Based on what is happening in the market,it show that altcoins investors will also enjoy this bullish season that is about to appear and it will take a long years before the price of Bitcoin and altcoins will decrease. With this few weeks and some days that remain, I think bitcoiners will experience $60,000 before the end of December because the price is still moving between $43,572 and $44,212 which is a sign that investors will still rejoice when the price hit higher.

And something that's not so new has happened just this hour. We've got a little correction that has happened. So, we step back a bit to $40k and this is a good sign IMO.
It means that there's still some moving on coming or like the usual thing we say that some whales probably took a cash out from the market and will be back again soon as this gives another signal of another moving up.

so98nn

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Yes enthusiastic about it as always. I am not gonna lie but I am a little scared as well. This time I am waiting for my Ledger's wallet balance to go full green as I have saved a good amount of Bitcoins over the period. I have learned many lessons from the past that made me hold BTC no matter what. Then comes the golden period of halving when a lot of emotions and transactions will mix up to tell us the state of our portfolio. There will be peeps in line to get the title of millionaire OR there will be peeps losing the money because they started the investment out of FOMO feelings.

I am 101% sure that there will be a flood of threads where FUD, FOMO, speculations everything will be discussed. This happens every time we close on halving. The mining section gets jolted with fees, transaction accelerators, and whatnot.

I consider it one of the festivals in the Bitcoin world. Why not, there is just so much excitement whenever it comes closer. I hope everyone is holding onto Bitcoins.

snipie

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Quote from: CryptSafe on December 08, 2023, 05:41:17 AM

Hopefully, this forth coming halving would trigger a new all time high as the case maybe and as such the market is still early to enter. While doing this, use funds you can afford to lose as no one can predict the direction of the market.

The idea behind the halving is to have a valuable coin that's price will increase over time since for Bitcoin for example, the mining process requires a lot of sophisticated and expensive machines making the investment bigger over the time to mine Bitcoin, then the reward will be 50% less every couple of years which will make it obligatory expensive so the miners could cover the cost.
This remains a little bit theoretical since there is an offer and demand, there is also big whales and companies that have an impact with the price. Even governments can manipulate it a little bit when they seize a large amount or shut down a known service. I expect to see an all time high again in 2024, maybe next November - December.

FinePoine0

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Quote from: CryptSafe on December 08, 2023, 05:41:17 AM

As the count down to Bitcoin halving continues I feel I should put it up here for all to see and take every necessary and relevant steps to fill their bags as time permits. As we all know when ever Bitcoin halving is around the corner, there is always a surge in Bitcoin price from its current price to a higher one. As it stands now, we all know that the Bitcoin market is heading for a bull because of lately, there have been increase in Bitcoin price which has been long expected by the Crypto community.

Hopefully, this forth coming halving would trigger a new all time high as the case maybe and as such the market is still early to enter. While doing this, use funds you can afford to lose as no one can predict the direction of the market.

It would also be nice to keep track of the halving count down and activities and to do that, the link below can help you out by taking you to the coin market cap page where it is visible to see.

https://coinmarketcap.com/

Click on the Bitcoin halving at the front page, there you would see the halving details.

Bitcoin halving is just ahead, 2024 is when Bitcoin halving will happen. Every year of Bitcoin halving sees a higher price of Bitcoin. But now that the Bitcoin high is observed in the month of December 2023, it is a temporary rise of Bitcoin. So seeing this little bit of Bitcoin rise, high prices are never expected, as high prices can be expected in 2024, the year after the halving 2025. Because every time the high price of Bitcoin is observed since the birth of Bitcoin. Halving started from 2012 till 2020 you will see total of three halvings. The year after the Bitcoin halving saw the Bitcoin price hit its highest price target.

Altryist

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Quote from: Kryptowerk on December 11, 2023, 05:31:55 AM

It's a much discussed topic these days, the Bitcoin halving.
I noticed how mainstream the thought of a next bull cycle in parallel with the next halving is, when i talked to some friends that were not that much into crypto but suddenly started babbling on about the next ATH they are expecting with the next halving.

So I'd propose to have a more nuanced view on the halving event: It's the 4th Halving now. Almost anyone involved with Bitcoin is aware of it and also about the price history in relation to it.
This automatically means the price effect is at least to some degree already priced in to the current exchange rate, compared to the previous cycles. However I still believe there will be a noticeable effect. Just take it with a grain of salt, this is an un-paralleled market and any predictions are still just speculation. Too many other factors also influencing the price of Bitcoin.

That said: Happy hodling/accumulating - never a bad time to do so.

If people who are not very familiar with cryptocurrency start talking about Bitcoin, this is a clear sign that we are in a growing market. For further growth, new buyers are needed, those who would believe that very large growth awaits us soon, and of course everyone knows about halving and how it affects the further rise in the price of Bitcoin.

But not everyone knows that sometimes there is a very significant correction before the halving, and this can come as a big surprise to those who are not very familiar with the cryptocurrency market, but they will want to buy now to profit from the upcoming rising market. If it for hold, then they will be able to make a profit, but weak hands may not withstand large corrections.

boyptc

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Quote from: kentrolla on December 10, 2023, 09:15:32 PM

People should have already stacked up by now

We've been reminding them for so long and even before the halving dates, we've been telling them to stack as much as they can because they might not see these low prices that we've got now.

$40k+ is low? Yes for now because we don't know how high Bitcoin is going to multiply after the halving.

Those experienced holders here will tell the same thing. I know for the beginners it's hard to imagine and believe that, but take it from those who have experienced too many roller coasters, happy and frustrating moments on this market.

Kryptowerk

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Quote from: CryptSafe on December 08, 2023, 05:41:17 AM

As the count down to Bitcoin halving continues I feel I should put it up here for all to see and take every necessary and relevant steps to fill their bags as time permits. As we all know when ever Bitcoin halving is around the corner, there is always a surge in Bitcoin price from its current price to a higher one. As it stands now, we all know that the Bitcoin market is heading for a bull because of lately, there have been increase in Bitcoin price which has been long expected by the Crypto community.

Hopefully, this forth coming halving would trigger a new all time high as the case maybe and as such the market is still early to enter. While doing this, use funds you can afford to lose as no one can predict the direction of the market.

It would also be nice to keep track of the halving count down and activities and to do that, the link below can help you out by taking you to the coin market cap page where it is visible to see.

https://coinmarketcap.com/

Click on the Bitcoin halving at the front page, there you would see the halving details.

It's a much discussed topic these days, the Bitcoin halving.
I noticed how mainstream the thought of a next bull cycle in parallel with the next halving is, when i talked to some friends that were not that much into crypto but suddenly started babbling on about the next ATH they are expecting with the next halving.

So I'd propose to have a more nuanced view on the halving event: It's the 4th Halving now. Almost anyone involved with Bitcoin is aware of it and also about the price history in relation to it.
This automatically means the price effect is at least to some degree already priced in to the current exchange rate, compared to the previous cycles. However I still believe there will be a noticeable effect. Just take it with a grain of salt, this is an un-paralleled market and any predictions are still just speculation. Too many other factors also influencing the price of Bitcoin.

That said: Happy hodling/accumulating - never a bad time to do so.

Sebas.tian

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Quote from: terrific

139 days left.
We've only got 365(1/2) days a year and I'm not good with numbers but this makes me think that we're still quite far to end a year but then it's easier to count with months since it's just a few months away.
Needless to say, everyone is happy now because it seems that the impact pre-halving goes to the altcoins market.

Yes, it remain few weeks and some days before the end of this year but if you look around the market very well, you will know that something new can still happen before the end of this year that will help those that have been holding for long to use the chance to embrace incomes. Based on what is happening in the market,it show that altcoins investors will also enjoy this bullish season that is about to appear and it will take a long years before the price of Bitcoin and altcoins will decrease. With this few weeks and some days that remain, I think bitcoiners will experience $60,000 before the end of December because the price is still moving between $43,572 and $44,212 which is a sign that investors will still rejoice when the price hit higher.

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Quote from: kentrolla on December 10, 2023, 09:15:32 PM

People should have already stacked up by now..

That's what's going to make it bewildering. I won't be shocked of the many in this forum reading all the gamuts of topics on this Bitcoin halving but who are going to miss out on this bull run. People usually take for granted information given out to them for free. You know that feeling of nothing good comes cheap, right? The naysayers and watchers will think this is another passing comment not to be taken seriously.

Quote

But if you are in for longer run and don't have time to monitor the market then you may enter anytime but it would be wise to check the market sentiments and take a call accordingly as we should be taking decisions based on FOMO or FUD.

Yes, that should be the attitude. No one here has any excuse of not hodling for the run. At a time like this it's good to get Bitcoin and leave it through 2024 to 2025. Those who are going to scalp the market are not likely to be as profitable as those who will hodl for long.

Poker Player

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Quote from: Yatsan on December 10, 2023, 04:35:21 PM

I think it would be bigger this time. We saw how big the impact was with the previous one, which left an impression to people of this day.

Do you even follow Bitcoin price at all? The previous halving had the smallest impact of all the halvings so far, which should not be surprising since there are fewer Bitcoins left to be mined as the halving goes on. The "impact" was that price forecasts turned out to be grossly overestimated, and we will have to see what happens this next cycle to get a realistic idea of what we can expect in the following ones.

kentrolla

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People should have already stacked up by now because it's kind of FOMO which is being spread and there are still two possibilities one Bitcoin will continue increasing without any health which may touch new ATH before the halving itself and the other possibility is that Bitcoin goes through correction phase and that would be the time to accumulate it for bull run which happens post halving. But if you are in for longer run and don't have time to monitor the market then you may enter anytime but it would be wise to check the market sentiments and take a call accordingly as we should be taking decisions based on FOMO or FUD.

hd49728

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Quote from: Fundamentals Of on December 10, 2023, 08:27:51 PM

I'm not saying it's bad news. That's good news. Well, it may be bad from a certain perspective because this is the entry of the fiat guys into Bitcoin and they might change the rules of the game with all their powers and influence, but since we're in the context of price speculation here, this is definitely a good thing. $100,000 is now a much easier target with traditional funds eagerly waiting for the green light. A Bitcoin spot ETF approval is that light. It could be granted anytime prior to the halving. With these two factors, 2024 is a very bullish year for Bitcoin.

I think the market is over heating with news about Bitcoin Spot ETFs in the USA. It is not a first year, companies submit their applications for Bitcoin Spot ETFs. It has been happening in the last 10 years that is a long time of waiting.

In previous years, with previous applications, SEC. simply announced that they refused those applications without giving any reason and without any direct talk with those companies. This year, we are witnessing something different with more friendly answers and communication from SEC with those companies. It sheds kind of positive lights that SEC. will make approvals for Bitcoin Spot ETFs in USA. soon.

Though I am positive about that chance, I am still neutral that Bitcoin will have its bull run after the halving even SEC. won't approve any Bitcoin Spot ETF application.

lombok

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Quote from: Yatsan on December 10, 2023, 04:35:21 PM

Quote from: Ale88 on December 10, 2023, 03:38:21 PM

Quote from: lombok on December 08, 2023, 05:56:38 AM

If you look at previous history, halving and its influence on Bitcoin price spikes are indeed true. However, this also cannot be the next benchmark. Why do I say that, because the current supply of bitcoin is already and is almost approaching 21 million, maybe there are only 2.5 million left for all the bitcoin supply to be on the market.

I agree with you. This could be the last relevant halving, after that we will have almost the full amount of bitcoin in circulation and the rewards will be quite low. Theoretically all this should happen because bitcoin's price will be much higher than today's value. I think that the price will increase mainly because there will be more people interested in buying bitcoin. Of course the halving will have some importance but again, as I said before, that influence won't be as noticeable as in the past.

I think it would be bigger this time. We saw how big the impact was with the previous one, which left an impression to people of this day. There's a bigger possibility for a bigger pump given how big is the difference with hype, now that more companies and people are acknowleding this industry's potential unlike before wherein most of the things are covered with doubt. However, it won't happen in an instant 'coz it would still accummulate enough interest if it is just with its market price. Some of us are just falling from our own assumptions. Demand is simply higher right now as well as volume which are enough factors to tell the possible outcome of this upcoming halving.

I cannot deny, it is also a fact that Bitcoin's popularity continues to soar, and national governments are starting to take positive action. The impact will clearly result in a surge in volume if this continues to run smoothly, and make the bitcoin market more mature.

Fundamentals Of

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Quote from: wxa7115 on December 08, 2023, 10:18:22 PM

Quote from: Fundamentals Of on December 08, 2023, 09:26:55 PM

-snip-

Without a doubt the possible approval of a bitcoin ETF is stealing the spotlight to the upcoming halving, but this is not bad news at all, in fact this is great, as if an ETF was indeed approved during the next year and you added the halving on top of it, the growth that we will see will be many times higher than what we could see independently from both of those news.

So all what is left is to wait until this happens, however if for some reason it did not happened then a correction is to be expected, as keeping the current levels seems impossible to me without that hype.

I'm not saying it's bad news. That's good news. Well, it may be bad from a certain perspective because this is the entry of the fiat guys into Bitcoin and they might change the rules of the game with all their powers and influence, but since we're in the context of price speculation here, this is definitely a good thing. $100,000 is now a much easier target with traditional funds eagerly waiting for the green light. A Bitcoin spot ETF approval is that light. It could be granted anytime prior to the halving. With these two factors, 2024 is a very bullish year for Bitcoin.

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Quote from: Rabata on December 09, 2023, 08:05:37 AM

We know previous 3 halvings of Bitcoin and each halving greatly affected the price of Bitcoin. The upcoming 2024 halving will also see a big change in price as we know that miners will have their block reward halved. After the first bitcoin launch in 2009, miners received 50 bitcoins as a block reward per block.

As the block reward is halved every 4 years, miners get 25 after that 12.5 and then 6.25 respectively in the 3 halvings. Block reward will be changed to 3.12 in the upcoming halving. As the block reward halves, the supply of new bitcoins to the market will gradually decrease and the price of bitcoins will continue to rise. Investors are getting more curious and making it very easy for Bitcoin prices to surpass previous all-time high.

Many have been waiting for a long time, and the level of anticipation is high because many have been holding and are simply waiting for the green candles to recover the money they have lost from the market. As everyone is aware, historically, Bitcoin has had a culture of halving during this event, though there will always be a hike in price both before and following the event there is usually a record-breaking spike. and you know one thing I love about Bitcoin is the analysis the predictions and the analysis just for the interest of the market, once the reward is halved then that is what brought about halving, and once the supply of new bitcoins reduces and the prices increase then people will be getting more interested because everyone wants to benefit when they can, so then there will be an increase in demand and then more boost in the market.

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Quote from: Ale88 on December 10, 2023, 03:38:21 PM

Quote from: lombok on December 08, 2023, 05:56:38 AM

If you look at previous history, halving and its influence on Bitcoin price spikes are indeed true. However, this also cannot be the next benchmark. Why do I say that, because the current supply of bitcoin is already and is almost approaching 21 million, maybe there are only 2.5 million left for all the bitcoin supply to be on the market.

I agree with you. This could be the last relevant halving, after that we will have almost the full amount of bitcoin in circulation and the rewards will be quite low. Theoretically all this should happen because bitcoin's price will be much higher than today's value. I think that the price will increase mainly because there will be more people interested in buying bitcoin. Of course the halving will have some importance but again, as I said before, that influence won't be as noticeable as in the past.

I think it would be bigger this time. We saw how big the impact was with the previous one, which left an impression to people of this day. There's a bigger possibility for a bigger pump given how big is the difference with hype, now that more companies and people are acknowleding this industry's potential unlike before wherein most of the things are covered with doubt. However, it won't happen in an instant 'coz it would still accummulate enough interest if it is just with its market price. Some of us are just falling from our own assumptions. Demand is simply higher right now as well as volume which are enough factors to tell the possible outcome of this upcoming halving.

jeraldskie11

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The exact time for Bitcoin halving could differ from one site to another. However, the difference is small. The most essential thing here is to get ready for the big event. Don't just sit back and watch it happen as if you don't care because it's important since it only happens once every four years. Some people might accumulate Bitcoin while others wait for the halving to occur before investing; whatever they do, the most important thing is that they are prepared for it and not letting it happen without doing anything about it.

Ale88

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Quote from: lombok on December 08, 2023, 05:56:38 AM

If you look at previous history, halving and its influence on Bitcoin price spikes are indeed true. However, this also cannot be the next benchmark. Why do I say that, because the current supply of bitcoin is already and is almost approaching 21 million, maybe there are only 2.5 million left for all the bitcoin supply to be on the market.

I agree with you. This could be the last relevant halving, after that we will have almost the full amount of bitcoin in circulation and the rewards will be quite low. Theoretically all this should happen because bitcoin's price will be much higher than today's value. I think that the price will increase mainly because there will be more people interested in buying bitcoin. Of course the halving will have some importance but again, as I said before, that influence won't be as noticeable as in the past.

Bananington

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Quote from: tygeade on December 10, 2023, 02:19:16 PM

Quote from: CryptSafe on December 08, 2023, 05:41:17 AM

As the count down to Bitcoin halving continues I feel I should put it up here for all to see and take every necessary and relevant steps to fill their bags as time permits. As we all know when ever Bitcoin halving is around the corner, there is always a surge in Bitcoin price from its current price to a higher one. As it stands now, we all know that the Bitcoin market is heading for a bull because of lately, there have been increase in Bitcoin price which has been long expected by the Crypto community.

Hopefully, this forth coming halving would trigger a new all time high as the case maybe and as such the market is still early to enter. While doing this, use funds you can afford to lose as no one can predict the direction of the market.

It would also be nice to keep track of the halving count down and activities and to do that, the link below can help you out by taking you to the coin market cap page where it is visible to see.

We are doing great at the moment while we are getting closer and that's the important part, we could have get closer and that could have resulted with a bad situation but that did not happen and we are dealing with something that's getting better and higher. So, the issue is right now that if we can keep it up like this, if we can keep going high, or just stay 40k+ during the next few months during this period then we could feel like it's going to be doing a lot better.

This could be something that may benefit everyone, that could be something that would be quite troublesome if we ended up going down, this is why we need to try to do better and just keep the price higher for as long as we could possibly do that if we can.

With current predictions, it is likely BTC has yet to reach its estimated ATH. No doubt $40k will be achieved, but this still is in prospects.
Buy the dip and HoDL, is the advice that's to be very well considered mostly as we are nearing the time of halving.
Am anticipating this event and hope to see how positively I would earn from the halving. I expect everyone to do Same and keep their keypad and notes nearby to take down a few pointers that would be very helpful later on.

tygeade

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Quote from: CryptSafe on December 08, 2023, 05:41:17 AM

As the count down to Bitcoin halving continues I feel I should put it up here for all to see and take every necessary and relevant steps to fill their bags as time permits. As we all know when ever Bitcoin halving is around the corner, there is always a surge in Bitcoin price from its current price to a higher one. As it stands now, we all know that the Bitcoin market is heading for a bull because of lately, there have been increase in Bitcoin price which has been long expected by the Crypto community.

Hopefully, this forth coming halving would trigger a new all time high as the case maybe and as such the market is still early to enter. While doing this, use funds you can afford to lose as no one can predict the direction of the market.

It would also be nice to keep track of the halving count down and activities and to do that, the link below can help you out by taking you to the coin market cap page where it is visible to see.

We are doing great at the moment while we are getting closer and that's the important part, we could have get closer and that could have resulted with a bad situation but that did not happen and we are dealing with something that's getting better and higher. So, the issue is right now that if we can keep it up like this, if we can keep going high, or just stay 40k+ during the next few months during this period then we could feel like it's going to be doing a lot better.

This could be something that may benefit everyone, that could be something that would be quite troublesome if we ended up going down, this is why we need to try to do better and just keep the price higher for as long as we could possibly do that if we can.

Topic: Count down to Bitcoin halving. - page 2. (Read 690 times)