Topic: Less than 80 days until the 4th Ever #Bitcoin Halving - page 2. (Read 868 times)

Ethereum current shifting from PoW to PoS is clear example of its centralisation. It also has unlimited supply of coins which means coins will keep coming with time and already 120 million Ethereum coins are in circulation according to CMC. Such alt coins are very much linked to bitcoin for price moment. You will see them going up mostly when Bitcoin is up and vice versa. They don't have ability to move on there own and that's why they are classified as useless copy of Bitcoin. 

All Bitcoin enthusiast have been looking forward to this halving event and for someone like me who only got the awareness of Bitcoin not too long ago, this is one event I hope would be favourable for myself and my investment plan.
The price would sure rise to a new ATH and for traders who want to take advantage of this period, the bull run would be expected to take effect from almost 2-3months after the halving has happened.

That is the logical thing and I think it really matters. I think it's quite important to realize that we are going to end up with a good return one way or another, and should be the only important thing. I get that it is not going to be easy to accumulate without noise if you are rich, or even if you are poor but millions of you doing it, but when it is under the limit and only increase the price a bit, then sellers will cover the difference.

Trading is both buying and selling, so you just need to check the difference and cover that, maybe a bit more, and it doesn't skyrocket. I think the price will skyrocket after the halving, not right next day, but end of 2024 and start of 2025 should be quite big and will be big increase.

Look, everyone's hyped about the Bitcoin halving, and who wouldn't be? But let's be real, predicting the market's like predicting the weather – sometimes you're right, sometimes you get soaked. Just because past halvings were bullish doesn't mean this one will automatically be a moon party.

Sure, January's dip might be a buying opportunity, but don't mistake it for a guaranteed pre-halving pump. The market's a fickle beast, influenced by more than just halvings. And while technical analysis can be cool, relying solely on charts and patterns is like navigating by the stars – you might end up lost at sea.

Instead of chasing predictions and hype, let's be smart investors. Do your research, understand your risk tolerance, and invest what you can afford to lose. Remember, the market rewards those who are informed, adaptable, and don't get swept away by the get-rich-quick crowd.

Many users simply lay low and continue to accumulate Bitcoin while there is such an opportunity, it is better to do this now in silence. Closer to the haliving itself, I think there will be a strong news background in the popular media, which will give the main impetus for mass purchases and, accordingly, there will be a new influx of traders in the market. About two weeks before the halving itself, there will be more and more mentions in the media as this will be a trend.

I am so excited about that because after the previous Bitcoin halving the price of Bitcoin is pumped so hard. It is really amazing. So, I still ready that Bitcoin follow this same pattern as it follow previously. So, already bought a good amount of Bitcoins to sell at good prices.

There is a huge expectation of halving, people are indeed having some gasp and history recall which makes them think this would be the beginning of another bull season. Glad we are optimistic but the question is if we fill our bag already or just still waiting after the halving.

Well, the impact of halving is quite remarkable, the increase in prices is really what we see. But, based on the previous ATH, it never comes right after halving, it takes several months to see results. Maybe I was wrong but I was expecting to see the new ATH next year, exactly following the 4-years cycle in the history of the market.

The level of optimism is important because it will train readiness, but no one can guarantee that a countdown with a duration of 90 days will be accurate enough and the process could shift much longer or faster. One thing that makes us optimistic is because it is a four-year count, even though there is a slight shift or acceleration that will occur. I also still see the potential for a big correction before the halving occurs as has happened at the previous ATH and I hope that this moment will become a reference for accumulated purchases, even though people's views may differ regarding accumulated purchases.

I will be quite optimistic that the previous ATH price shift and the future will not be much different and the range will remain in line with a number of predictions that people have made. Now we are entering the waiting stage and winners will always be at the forefront in different ways and styles and hopefully we will be in a quite profitable position.

Yes, we can be optimistic and count down to the bitcoin halving but do not expect positive price movements to come, the free market and external macroeconomic scenarios can impact bitcoin value, major correction is still possible. Bitcoin is a long-term fight and we have to be ready for it. Anyway, I agree with the speculations put into consideration but I am completely bullish on bitcoin halving. If there were greater positive movement, it would seem to be a compelling reason.

Who made this prediction or is this your prediction? I see many people predicting and expecting bitcoin to reach $100k during this bull cycle but I have not seen anyone believe that bitcoin will reach that goal before the halving begins. Furthermore, looking at the facts, we are just over 70 days away from the halving event and bitcoin hasn't even crossed $50k yet. We need a miracle to happen for bitcoin to increase over 100% in 2 months to see bitcoin hit the 100k USD mark.

As for bitcoin's ATH prediction this time is 250k$, many people will not believe this but I agree with you, I am also optimistic about this and this is just my expectation.

Which ETF are you referring to? The most awaited ETFs were already approved earlier and they didn't have much of an effect on the market and the prices of cryptocurrencies were already going sideways. The reason for that was probably because the rumours about the approval that were circulating last month made the market move in a positive direction which is why when the actual news came out, investors didn't react much about it.

You are right that it's not possible to predict the price of Bitcoin or know the next move of the market, however, based on charts, analysis, and past occurrences, we can have a rough estimate about which side the market might move next, and it's always just speculation and nothing guaranteed.

Bitcoin halving is very close, people's interest in Bitcoin has increased. Big investors of the world have already increased their investments based on this event. Various Bitcoin experts predict that the upcoming halving of 2024 is going to be a significant year for Bitcoin. They estimate that Bitcoin will reach an all-time high of $100,000 before the halving event begins. Again at the end of halving it can be around 250000 dollars. A slight reduction in the reward for miners will lead to an upward trend in the Bitcoin price.

These forecasts are particularly influenced by general market conditions. How bullish the market can be will depend on the behaviour of the market at that time. Halving causes large fluctuations in the price of ordinary bitcoins, but when bitcoin ETF investors are added to it, the price of bitcoins can rise dramatically. Considering that aspect, we can definitely say that the halving of 2024 will play a special role in the Bitcoin price upside.

If you don't want to experience difficulties in predicting the price of bitcoin, you don't need to follow its journey and just wait for what happens when the halving comes. After the halving, you can check market conditions occasionally and activate the alarm at a certain price.
When there is a bitcoin price movement, and it reaches an alarming price, you will know and can immediately check the market. For now, it is recommended that we collect as many bitcoins as possible because there is an estimate that the price of bitcoin will rise very high. The increase in bitcoin prices is likely to exceed yesterday's ATH.
Unfortunately, we still don't know when the new ATH will be reached and we can only prepare ourselves to wait for its arrival.

In my investment style, altcoins are used for short-term speculation and have no other use cases other than bump and dump, so there's nothing wrong with calling them shitcoins. As for bitcoin, not only can we use it as an investment, bitcoin also provides us with different use cases such as peer-to-peer currency, becoming our own bank thanks to the Its decentralized...So there is a huge difference between bitcoin and altcoins.

People can speculate in altcoins and should only consider this as gambling and should not confuse speculating in altcoins with investing in bitcoin, they are completely different. Bitcoin is safer and suitable for people with a long-term vision and strategy.

that is absolutely true! we are all just speculating on this market, whether you are a long-timer or just a newcomer. a lot are getting their analysis from previous halvings, but do take note that the adoption today is quite different. we are seeing a positive increase on the price because of what we have achieved today.

as an investor, you should also think of your contingencies in case your targets have failed. or better yet, be conservative with your estimates so you won't be expecting much and not liquidate your position.

All we can do is predict about Bitcoin price based on previous halving data. AFAIK there is halving in Jul 2016 and we an ATH in Dec 2017. Next halving was in May 2020 and we saw an ATH in Nov 2021. We have a halving coming in April 2024 and based on previous data we can say that price might go up in 2025 not in this year. It's recommended that we gather Bitcoin and HODL them before the bull run start. This time there might be some shift in pattern because there are too many investors waiting for this halving.

Maybe that's what will happen. If we look at the previous halving, no price increase occurred. But the price increase occurred after a few months. It makes people amazed to see what bitcoin is doing.
The bitcoin price slowly started to increase and no one expected it to increase towards the last ATH achieved by Bitcoin. So there is a possibility that we will see the same thing for the next halving so that we are still given time to accumulate bitcoins.
And maybe there will also be a decline in Bitcoin prices before and after the halving so that after the halving, the price will start to increase again until it makes a new ATH.

This is what I wanted to ask you and you finally admitted that not all altcoins are useless and scams.

FTX and Luna, they also do not represent the entire altcoin market, so don't rely on dead altcoin projects and assume that all altcoins are useless and not worth investing in.

You don't invest in altcoins, how do you have the experience to give advice to others when you have never experienced it before?



ETH is also a centralized altcoin, it is not decentralized like bitcoin, why don't you consider it useless? And besides ETH, we also have Doge, BNB, Shiba...hundreds of altcoins that have brought thousands of percent profits to people. Why don't you mention them and just focus on FTX and Luna?

As for hidden gems, investing in them requires the right time, and bull season is the right time. It would be foolish to try to find hidden gems during the bear season but when the bull season comes, many projects can bring x100, x1000 profits, why do we miss that opportunity?

They don't really think Bitcoin is the only investment that can yield result.
They are just biased towards the long term survival and needs of the coin.
Investors with that mindset don't think about a day, weeks months, they invest in years and Bitcoin is the safest bet.
Making 10000% and losing more than the capital and  profit made is not a good investments.  
The coins  been centralized has a certain risk attach
The FTX debacle should have opened investors eyes towards centralized altcoins
No matter how big they grow
It would just take an action of a greedy head to plummet it to oblivion
And people move to the next shitcoin with believed potential.
Personally I don't hate Altcoins and can even hold one or two but I always take them like a gamble.
Unlike Bitcoin where one can boldly say every dip is an opportunity
We can't say same for altcoins.
There are many projects that are proof like Pepe,  FTT,  FIL,YFii etc.
I don't preach Bitcoin or nothing
But am risk averse, and would choose what would give a relatively good peace of mind.

Immediately after the halving? or this halving year?
If it's immediately after halving then above $75K is a stretch
But same year (2024)? 6 digits wouldn't be difficult to achieve.

Not every halving would lead to a huge increase in price
As time goes on halving wouldnt have a significant effect on Bitcoin
But inflation,cost of mining, it's scarcity, BTC mined per block among other factors would make it continue it's upward trend.
Imagine the price of Bitcoin in 2064, Btc mined per block would be around  0.003.
It becomes more scarce,  harder to mine and holding a Btc would be almost impossible if you ain't at least a high rank millionaire
That's why people are adviced to accumulate now that a BTC can be easily mined.

The only bad scenario I can think of its a 51% control over the Blockchain
If it doesn't come up
Bitcoin would always rise.
Even if a correction or news affects the price
It would recover and continue matching.
If a project has utility,  a community and it's scarce
Then the price would increase as it gets scarcer.

I don't say all altcoins are bad but if you mentioned ETH, BNB or LTC as your examples, you must include FTT or LUNA (Terra). Many people lost money to FTT or LUNA even they used to be top altcoins.

Don't buy altcoins because they are top altcoins

My reminder is if people believe they can be rich with altcoins, always focus on altcoins, they will lose money to altcoins even they can get good profit with one or some altcoins. The practice continues, till a time they lose most or all money to one or some other altcoins.

Don't name only ETH to prove you are right with altcoins. Invest in ETH is good because it is a second biggest cryptocurrency and contribute very big marketcap to this market. If anything happens to ETH, the market will turn to bad enough and I don't wish it to happen.

But if people chase for hidden gems, new altcoins which have yet gone through one full market with bull and bear years, they are betting high enough. I hope they will not lose money to hidden gems.