My greatest fear about Bitcoin Halving.

KingsDen

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Quote from: boyptc on February 06, 2023, 04:46:23 AM

Quote from: KingsDen on February 04, 2023, 05:19:47 PM

Many people misunderstood the second part of my statement. Well in the OP, the first part of the statement was used to express my fears while the second part was just a figure of speech used to imply the kind of force which would replace the force of halving bull run incase it fails.
Anyways, I have read some reasons to believe that halving bull run will not fail. Let us believe with facts that it will not fail because if it does, it won't be easy

I agree.

Let's just stick to that pattern thinking that everything's going to be fine. It's common to think of what IFs because we care for bitcoin and unexpected things might really come.

But it's all speculation until it actually comes into reality.

The thing is, we're all caring for what's about to happen and we're just a year afar from it and thoughts that we want to express really differs but in the end, we all want to succeed together with bitcoin.

I know that it is important to think less about things you cannot control but most times you need to think about them and see if we have possible solutions. If there are no solutions, some people might give you concerning wills and directions on how to deal with that event whenever it happens. But shying away from it totally may take us unaware when it happens and 2024 is not far from now and bitcoin halving is one thing that must happen. It is therefore necessary that we discuss it and have a resounding believe in Bitcoin we3ther having goes well or not

pantek talacuik

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No, I think your doubts are absolutely unfounded.

Very touching short answer to make people think it's going to happen, I didn't see exactly what the caption was about so this wouldn't happen and it became a joke later.

Cookdata

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I have this kind of vibe that bitcoin will revive in price and the network usage will multiply come 2024, the short term wave will come before the bull run and the mega wave will come after the halving, this is how the bitcoin cycle works and that's how it will continue to be except may be some little changes in its metrics but rest assure, it will move.

There is something I also understand earlier this year from bitcoin, what did I learn? Bitcoin price will be move by the whales regardless of how you feel, the price you think as support and resistance, if they wish to move past them, they will without thinking it twice, this is what I have understood about the bitcoin market. Also, litecoin having is some months away and some whales are already preparing in advance, bitcoin will move regardless my friend.

Smartvirus

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Quote from: KingsDen on January 31, 2023, 04:00:34 AM

Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

An idea that have moved humanity for a long time is the idea of hope, that there certainly is a better tomorrow. Even when today throws such shit at you that you don't think you could handle. Having to think or believe in the idea that there is a tomorrow that can be better than today is what keeps us going.

That's the idea that surrounds the halving for crypto enthusiast around the world. At the moment when the bears seems to rock the cryptospace, the halving sows a seed of hope for all hodlers and future investors. All it needs is that, investors come pouring in but, what if they don't and the expected bullrun never happens?

I guess we would have to find a reason for the period and have hope for a next one, lol...

BitcoinPanther

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Quote from: Maestro75 on February 09, 2023, 05:50:58 PM

Quote from: KingsDen on January 31, 2023, 04:00:34 AM

My greatest fear is; what if 2024 halving comes and go without any kind of bull run?

That is very unlikely. Bitcoin halving causes shortage in supply of bitcoin because of the reward per block. And we know in basic economics that shortage in supply will mean increase in demand and that will result to scarcity. With scarcity, price goes crazy. All the past bitcoin halving produced bull run and I do not see that in 2024 being different.

No, Bitcoin halving does not cause shortage of supply but rather cause a psychological effect of people thinking Bitcoin will become rarer due to halving of incoming supply. It cause a logical idea of smaller supply and bigger demand due to increasing adoption, creating hype to the point of FOMO when the price starting to spike. It is a domino effect that has Bitcoin price surging at the end of the rope.

serjent05

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Quote from: KingsDen on January 31, 2023, 04:00:34 AM

Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

This feeling is almost the same during the year 2018-2020 when Bitcoin keeps on crashing. Most of the Bitcoin holders cash out and got shaken during the price collapse but little that they know that Bitcoin will surge by the year 2021.

The year before the halving of 2020, there is also no sign of waves that can trigger Bitcoin to break its ATH but it happens in 2021 just like a natural course. So I think, we don't have to think too much atm since adoption is still in the process and things will take their natural ways just like what happened in 2021, I believe Bitcoin will repeat the history of breaking ATH again.

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Quote from: Maestro75 on February 09, 2023, 05:50:58 PM

Quote from: KingsDen on January 31, 2023, 04:00:34 AM

My greatest fear is; what if 2024 halving comes and go without any kind of bull run?

That is very unlikely. Bitcoin halving causes shortage in supply of bitcoin because of the reward by block. And we know in basic economics that shortage in supply will mean increase in demand and that will result to scarcity. With scarcity, price goes crazy. All the past bitcoin halving produced bull run and I do not see that in 2024 being different.

Supply and demand as always and if we do see that newly generated coins where rewards is been halved once again and the demand is still or increasing then we do know on what happens next.
It is really just that we dont really know on what would actually happen but at least we do have the idea on its possible path considering that we've seen the past halvings which
it did really cause for Bitcoins price to reach up on numbers which we didnt even anticipate for it to happen and this is why its up to someone whether they would
be taking up some risk on investing or not.

Maestro75

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Quote from: KingsDen on January 31, 2023, 04:00:34 AM

My greatest fear is; what if 2024 halving comes and go without any kind of bull run?

That is very unlikely. Bitcoin halving causes shortage in supply of bitcoin because of the reward per block. And we know in basic economics that shortage in supply will mean increase in demand and that will result to scarcity. With scarcity, price goes crazy. All the past bitcoin halving produced bull run and I do not see that in 2024 being different.

yohananaomi

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Quote from: KupaCrypto on February 07, 2023, 04:26:49 PM

Quote from: Teatotal on February 07, 2023, 08:12:44 AM

It will Absolutely depend on the price of Bitcoin in and around the time of the halving.
If it's not prudent to sell it they wont or if it's in the middle of an obvious bull run let it run

Yes exactly, the bull market will even make the halving more Interesting, since nany investors like myself are buying and stacking it for the price to rise, we can't really predict the actual outcome of the halving when it comes to the rise in price of bitcoin but one thing I know it will be by far favourable , so bro buy more BTC, but and invest as many as you can , after buying chill and let's watch the actual outcome come next year, one thing I know if the price goes up like twice the present price and you didn't invest you are not going to forgive yourself.

bitcoin always has the character to repeat what has been done either to go down or increase. when the era of the halving period will occur, it is certain that prices will increase, because the halving process is a reduction in income from mining, where finally the economic law occurs, the large number of requests and few goods will make goods increase in price, that's what happened with bitcoin.
every period of the halving era will be accompanied by a bull market period, the price of bitcoin will increase and this is an event that is repeated by bitcoin, remember the halving period will occur in May 2024 so be prepared to continue buying and saving.

Mahanton

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Quote from: KingsDen on January 31, 2023, 04:00:34 AM

Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

Dont be afraid because there's nothing you should really be scared off, whether there would be some price increase or not on the halving event whether before or after then no one really knows.
This is why it would really be that better for you to make yourself that get used to or really just that accepting for whatever things that we might faced up on that time.There's no difference
on where we are now and on the time that it is upcoming.It would always matter nor depend on the demand as always which it would be always the key or reason
for the price to climb up on levels that we arent even anticipating.

KupaCrypto

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Quote from: Teatotal on February 07, 2023, 08:12:44 AM

It will Absolutely depend on the price of Bitcoin in and around the time of the halving.
If it's not prudent to sell it they wont or if it's in the middle of an obvious bull run let it run

Yes exactly, the bull market will even make the halving more Interesting, since nany investors like myself are buying and stacking it for the price to rise, we can't really predict the actual outcome of the halving when it comes to the rise in price of bitcoin but one thing I know it will be by far favourable , so bro buy more BTC, but and invest as many as you can , after buying chill and let's watch the actual outcome come next year, one thing I know if the price goes up like twice the present price and you didn't invest you are not going to forgive yourself.

Teatotal

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It will Absolutely depend on the price of Bitcoin in and around the time of the halving.
If it's not prudent to sell it they wont or if it's in the middle of an obvious bull run let it run

John Abraham

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Bitcoin is very popular in the world and peoples are benefiting from it. We cannot say anything about Bitcoin ups and downs. May be Bitcoin will halve or double in 2024. it is hard to predict now. The Crypto news coming on these days seems to bode well for bitcoin future.

I don't know what you understand about halving. We are not talking about price halving here. At this moment, Bitcoin miners get 6.25 Bitcoin for each successful block they mine. The Block reward will get half every four years. That's Bitcoin halving. The next halving is estimated in 2024. After the halving, Miners will get 3.125 for each successful block they mine. I hope you understand. If not, You may read more here - What Is Bitcoin Halving? Definition, How It Works, Why It Matters

KupaCrypto

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Bitcoin is very popular in the world and peoples are benefiting from it. We cannot say anything about Bitcoin ups and downs. May be Bitcoin will halve or double in 2024. it is hard to predict now. The Crypto news coming on these days seems to bode well for bitcoin future.

The halving policy occurs every 4 years next year it's expected to occur and when it does there is every tendency that the price of bitcoin will increase, so bro get more bitcoin, invest more , buy as many you can buy bro because next year an increase in the value is expected.
The future of bitcoin is already safe and secured, the news and updates coming in are very positive if you ask me, those Everything in life is a risk , let's make the rusk worth it.

S A KHAIR

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Quote from: Hamza2424 on February 04, 2023, 03:18:00 PM

On the second point of the US Bitcoin regulation, I think it's early to consider that the USA or any major country is going to make Bitcoin a legal tender except for Russia. China has its own agenda of Digital Yuan and for the USA and European countries, i think it's quite hard to accept the BTC as legal tender for many reasons market domination in the economy is a major one.

What makes you think Russia will accept bitcoin as legal tender? Countries that are accepting bitcoin as legal tender are countries on the verge of default, poor countries, Russia is not. War doesn't make them as poor as you think. There won't be any major power accepting bitcoin as legal tender, I'm pretty sure of that, if the US accepts, unless they want to kill USD, they want to kill themselves.

boyptc

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Quote from: KingsDen on February 04, 2023, 05:19:47 PM

Many people misunderstood the second part of my statement. Well in the OP, the first part of the statement was used to express my fears while the second part was just a figure of speech used to imply the kind of force which would replace the force of halving bull run incase it fails.
Anyways, I have read some reasons to believe that halving bull run will not fail. Let us believe with facts that it will not fail because if it does, it won't be easy

I agree.

Let's just stick to that pattern thinking that everything's going to be fine. It's common to think of what IFs because we care for bitcoin and unexpected things might really come.

But it's all speculation until it actually comes into reality.

The thing is, we're all caring for what's about to happen and we're just a year afar from it and thoughts that we want to express really differs but in the end, we all want to succeed together with bitcoin.

pawanjain

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Quote from: KingsDen on January 31, 2023, 04:00:34 AM

Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

If it becomes so predictable that bitcoin price would spike up before the halving then I guess everyone would be buying right now.
I think it will change soon or may be it is changing right now. The old timers are aware of it and would have already bought their bag.
It would need some huge investment from institutional investors to start a bull trend now.
Besides that, we still have time for the bitcoin halving and may be more investors dive in by that time to invest in bitcoin.

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Quote from: KingsDen on January 31, 2023, 04:00:34 AM

Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

In late 2017 or about early 2018, Bitcoin had a massive spike in price and was trading for a record price of $20k. Then It was the first time Bitcoin was getting to that milestone and shortly after the bear market came alone to drive the price down to about $3k-$4k. After this massive decrease in price, many people thought Bitcoin would never go that high again but it did in 2021 as Bitcoin crossed the previous all time high and set a new one.
Now when that new high of about $69k was reached, many didn't believe that was the top as they expected similar spike in price as it did in the previous bull cycle but it didn't happened and many people were caught off guard. I just told this story so you know Bitcoin has its own well of operation and doesn't follow any prediction.
2024 might come and it'll be a slow year all through most of the year then close to the ending, suddenly the volumes starts spiking up and Bitcoin crosses a new all time high that same year or the very next year 2025 which is usually the time Bitcoin moons.

alan2here

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Quote from: Fivestar4everMVP on February 04, 2023, 06:41:17 PM

Quote from: KingsDen on January 31, 2023, 04:00:34 AM

Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

Nothing to be afraid of, regardless of whatever happens in 2024, i think it makes no sense to start to worry over the unknown, what be the outcome of the price of bitcoin after 2024's halving is not in our hands to control, neither is there any body out there that controls it, if 2024 halving come and go without a bull run, bitcoin remains bitcoin and nothing will change that, those who would sell would sell and those would buy would buy, life will continue to go on and bitcoin will continue to make money for those who know their way around trading.

Alright, let me break it down for you. There's no need to get all freaked out about what might happen in 2024 with the halving. The truth is, no one has a crystal ball and we don't know what the future holds. So, instead of losing sleep over something that's beyond our control, let's focus on what we can control.

And even if the halving doesn't go exactly as planned, it's not the end of the world. Bitcoin will still be rockin' and rollin', providing opportunities for those who know how to play the game. So why waste our time and energy worrying about something that might not even happen? Let's keep our heads up and keep moving forward.

In a nutshell, don't worry, be happy!

Inwestour

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Quote from: molsewid on February 04, 2023, 02:49:08 PM

Honestly, yes it is true there will be some chance that halving can't give us that peak like what it did last time. If we are looking to the outside scenario many miners quit their mining activities due to electricity cost and maybe because they can't mine too much now maybe because of the speed? I am not expert in this thing but on the other side as well, recession will come many normal people like me can't afford buying in big amount only enterprises and whales can buy in bulk and must be ready to the halving. It can go up of course since from what I am seeing we are still in the phase of recovery.

The problem for miners is not only that electricity is expensive, but the price of bitcoin also plays a role. After all, if the price of bitcoin is twice as expensive, then it will again be profitable to mine. It is clear that many cannot just wait for halving and mine at a loss all this time, but as the price rises, as it is currently happening, the situation will improve.

Halving plays an important role in price growth, but it is definitely one of the components of this process, and only in the aggregate it will give us the result that we are all waiting for. I will not be upset if there is no big increase after the halving, because I do not expect anything extraordinary from this event.

Topic: My greatest fear about Bitcoin Halving. (Read 977 times)