Don't be confused, bitcoin halving doesn't translate into bitcoin All time high - page 2.

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Quote from: hugeblack on April 21, 2024, 11:31:02 PM

I think we need to wait until mempool dump and fees decreases to start saying that Bitcoin halving has started and then we have to wait several months to see its actual effect.

If I remember correctly, the fee after the halving block was around 1200 sat/vb and I don't think I have ever seen fees like that. Compared to that time, the fees getting reduced again and the current fee is around 120 sat/vb. I hope that will go down to the 20 sat/vb in the coming weeks. What I didn't get is, why the fees have been increased even though the number of transactions wasn't like the lat time.

I remember seeing 500K transactions on the mempool and yet we paid 100 sat/vb. But during the halving block time, there were around 225K transactions, and yet the fee was over 1000 sat/vb. We have 222K pending transactions right now and the current fee is 120 sat/vb. I always thoughts the fee increase with the number of pending transactions and how much someone pays for the transactions. I guess it's because all the new transactions was coming with high fees. No?

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It would be very naive to think that immediately after the halving, the growth of Bitcoin will reach new records, and I would like to believe that newcomers understand this. But I think it’s also wrong to dissuade people from buying. We cannot predict what will happen to the price; however, most have positive expectations for Bitcoin prices to rise, and if we talk about people coming with investments in Bitcoin at this time, they need to remove the illusion of getting rich quickly for at least a year or two.

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Quote from: Odusko on April 21, 2024, 07:30:06 PM

Don't buy bitcoin because you assume that bitcoin price will skyrocket after bitcoin halving, that is a wrong mentality that could lead to depressing results if that failed to happen.

Skyrocket after the halving is unrealistic but grow up gradually after the halving is realistic thinking.

It's good if any person buys bitcoin with own money before a halving and holds it to get profit for some time like several months after the halving. I consider it is a very good investment strategy and the vital point is invest with own money.

If investment is from loan, it is no longer good.
If buying bitcoin and using it with leverages for margin tradings, futures tradings, it is no longer good.

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Quote from: Amphenomenon on April 22, 2024, 12:46:55 AM

Quote from: hugeblack on April 21, 2024, 11:31:02 PM

Current fees are so high that the effect of halving has not yet appeared. In the last 200 blocks, the average subsidy + fees per block was about 4-6 bitcoins, while in the past it was 7-8 bitcoins.

I think we need to wait until mempool dump and fees decreases to start saying that Bitcoin halving has started and then we have to wait several months to see its actual effect.

Aside this fact this year halving is different from the previous halving since it a new ATH even before the halving and normally we do expect a bear before the bull but it was a different case because the bull this year is really too strong, since people sentiment is still positive.

Though I will advise leverage traders to avoid this since the market probably can go side ways and we heard news about how much was liquidated during the recent dip

Some "experts" say that, since the bull is really strong this year as you said, we should discount a part of the increase. Let's don't forget that big funds like BlackRock have been buying for several months many more Bitcoins that those which were mined, with the positive pressure in the price that it means, probably higher than halving's.

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Quote from: hugeblack on April 21, 2024, 11:31:02 PM

Current fees are so high that the effect of halving has not yet appeared. In the last 200 blocks, the average subsidy + fees per block was about 4-6 bitcoins, while in the past it was 7-8 bitcoins.

I think we need to wait until mempool dump and fees decreases to start saying that Bitcoin halving has started and then we have to wait several months to see its actual effect.

Aside this fact this year halving is different from the previous halving since it a new ATH even before the halving and normally we do expect a bear before the bull but it was a different case because the bull this year is really too strong, since people sentiment is still positive.

Though I will advise leverage traders to avoid this since the market probably can go side ways and we heard news about how much was liquidated during the recent dip

hugeblack

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Current fees are so high that the effect of halving has not yet appeared. In the last 200 blocks, the average subsidy + fees per block was about 4-6 bitcoins, while in the past it was 7-8 bitcoins.

I think we need to wait until mempool dump and fees decreases to start saying that Bitcoin halving has started and then we have to wait several months to see its actual effect.

Darker45

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What history are you talking about? Bitcoin's block reward has been halved four times so far. Each time, there's an ATH that follows. It isn't instant. I mean, it doesn't immediately follow the halving date. The impact of the decrease in the new supply will take time before it finally affects the price fully. So far, it takes at least a year from the halving for an ATH to be reached. The halving had just taken place. So there's no history to prove that an ATH after the halving is a false hope or a wrong expectation. I'm still convinced that there's going to be a new ATH more or less a year from now. But of course it is wrong to assume that since it happened in the past it will happen again in the future.

Odusko

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Recently, there have been alot of discussions around bitcoin halving and what the expectations will be as regards to the value of bitcoin, and is no longer News that bitcoin reached the blockseize for halving cycle over the last 24 hours, and significantly speaking there have not been any sign of bitcoin price increase which is not expected anytime soon.
Main purpose for this thread is to set the record straight for newbies
Never get is twisted bitcoin halving is not an auto mode for bitcoin price increase and no one should expect anything out of the ordinary for bitcoin just because the network just recorded it new blockseize rewards, although bitcoin halving have always been speculated to birth new all time high, but it is not 100% certain that we must achieve such ATH each time there is a halving cycle, at least reading through history have proven that already.
My advice
Don't buy bitcoin because you assume that bitcoin price will skyrocket after bitcoin halving, that is a wrong mentality that could lead to depressing results if that failed to happen.

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