Topic: Share your previous experience that you got after bitcoin halving. (Read 193 times)

Similar to a fool's gold.

I always thought that the Bitcoin halving will make the value of Bitcoin to jump instantly right after its completed, I remember staring at the count down some years ago only to be disappointed.

This affected my mentality about Bitcoin, as I was still lost and lacked knowledge about about how Bitcoin really works.

This made me to sold my coins at the time only to see a bull market starting after few months, a painful experience that I can never forget, I sold coins for $3000 that later turned to $90,000, I sold some early around $1,500 - $2000 and later they made a new highs around the minimal of $20,000 and higher.

The most painful one was a coin I held and later sold for $600 and it killed 3 zeros later, turning the amount I sold into $100k, I have lost so many opportunities just because I have no patience and I also lack the knowledge.

I have more or less witnessed all four halvings so far. The first was probably the most exciting, maybe because it was the first. The world kept spinning and Bitcoin was fine.

The second halving I couldn't care less, but that was also during a time when I didn't pay much attention to what was going on with Bitcoin in general, don't ask why, personal reasons. The remarkable bullrun around winter of 2017 with unseen ATH region was an interesting wakeup call. Oh, and I had to recover my legacy non-HD wallet.dat from a failing harddrive which was a painful experience. No backups, no mercy, remember that. The good I take from this: I learned much more about a lot of technical aspects of Bitcoin, computer and data safety and backups than ever before. Sometimes you need a loud wakeup call.

The third halving was kind of in doomsday mode. Bitcoin price dropped pretty low likely due to uncertainty on all levels because of Covid-19 pandemic and crisis here and crisis there in spring 2020. Such a f***ed up time. I remember a lot of chitchat if miners can survive this and so on and so forth. Well, the world kept spinning and Bitcoin was still fine. The following bullrun and new ATH levels certainly exceeded expectations in times of global uncertainty, mine definitely.

This April's halving fell in a time when Bitcoin price is at a remarkably high level, ATH not long ago. I don't see miners much in danger. When they could mine and grow difficulty in previous epoch at price levels around or below $10k (until autumn 2020) or more recently around $20k (midth of 2022 until spring 2023), they should be fine around current levels of $65k with current block subsidy. Yes, I don't ignore that difficulty is still more or less rising and that miners have to cope with that. I'm aware that difficulty development has to be accounted when comparing different times for miners.

Thanks to crazyness with blockchain spammers with Ordinals and now Runes, miners had a pretty good fee feast at and after block 840,000 so far. The plebs, me included, don't really enjoy current fee levels so much. I expect it to fade out, as I don't see the blockchain spam as something sustainable. The creators and perpetrators of this spam bullshit will unfortunately try to keep their scam spinning with whatever wheel they'll reinvent. The aftermath will likely drag Bitcoin into dirt and hinder further adoption.

I don't want to speculate about the future, nobody has a reliably working crystal ball. I'm currently a bit pessimistic due to ongoing wars, but hope that those war "fires" don't spread and cause the worst. The world keeps spinning and Bitcoin should be fine, too, although the ongoing blockchain spam abuse makes me more concerned than ever.

Keep calm and your wallets safe!

How can it be a bear trap if we know that what follows is a big bull run? So probably the same will happen again, and as experience tells us, if the price goes down then you shouldn't panic and push the sell button, on the other hand, you can continue to accumulate.

Just like what had happen last halving, at least months after, or leading up to the end of the year 2020, last 3 months was huge, November and December at 40%-46% increased.

ATH before the halving is a scheme that fades our predictions, plus the adoption that comes every period also experiences positive things. In the previous rounds, of course, we could tell at a glance that after the half there would be an ATH before our eyes, which is clear and it will happen. but if instead the ATH precedes the Halving, is it ideal to reverse the scheme?
I believe the impact of the halving this year will be different, and it still makes sense with the price being firmly in the support area after the halving, I am very optimistic that the increase will occur more quickly. Institutions have taken a bigger role, so we too need to take part and maintain ownership. Supply at the mine is limited and continues to run low, it is the strong miners who survive and it is certain that the changing halving scheme will also create a different path than before.

Please stop posting more than one reply at a time. Posting in a row is not allowed.

Now, If you ask me this question, I will say this is my first and we understanding halving. I knew Bitcoin in the last halving as well, but I didn't know about the halving thing and how it worked. This is the first halving I have been speculating for a year. I guess this is the most speculated halving ever. A lot of people's eyes on it and companies as well. We were assuming that Bitcoin will behave just like how it behaved previously, but the history has changed. Bitcoin broke the record and breaked it's previous ATH before the halving. I don't know if that ever happened before. We are at pre-bull run at this moment and I hope we will make another ATH this year.

Yes. After breaking the past ATH the buy point is 77,000$ to 140,000 and as you mentioned for a short term investor (4th halving period) price 140,000 is not suitable for investment.

It is True the price of Bitcoin will increase but not as much as before, because now there are many big institutions and investors in the crypto market who will always try to take the market in the opposite direction of individual investors.

Absolutely right sir that no body able to prediction bull run ATH after Halving but price will be high for sure.

Well, my experience is that I did not see so many expectations of price increases as I do now and, in fact, after the last halving it took about 6 months for the significant price increase to start. I mean that the possible price increase was talked about but as if now I noticed it more and now I doubt if we will have spectacular increases as in the past or it will be a more moderate thing.

It seems you are talking about the price here OP and you are really precise that we will talk about the exact day of the Bitcoin block halving, as even in previous Bitcoin halvings of Bitcoin, nothing really important events or dumps/pumps during the exact day of Bitcoin block halving so for me, it's kinda a normal day.
Only the RUNE on the Bitcoin network shocked me because of the transaction fee they used.

Bitcoin price movement momentum after the halving or before the halving is uncertain. I once read information related to this when a member shared it on the forum, but unfortunately, I forgot about the thread.
There is no specific time frame to see bull run momentum after the halving occurs. but many believe the market scheme will not be much different. what is certain is that it could come sooner or later. but what we see is that the decline that occurred was not that significant before the halving or even after the halving occurred. we are shown Bitcoin is quite strong for now. there may also be an effect of the recent increase in transaction fees.

My post-halving experiences have always been pretty good, since Bitcoin's price increase considerably and hit new ATHs. So far it has never been a deception, what increases my confidence regards this current halving event as well. Many people are concerned and worried prices aren't rising so much yet, but we have to keep in mind halving's effects aren't overnight. It may take some weeks and few months until we see consistent progress.

The only regret I have regards halvings is that I always wait too long until cashing out my profits, so once I see the bull run is already over and I have to wait for another cycle in order to cash out my Bitcoins into solid profits. In 2021, for an example, I though 69,000$ wasn't the limit, besides believing Bitcoin would remain expensive like that from that moment on. I was wrong, but now I hope to not repeat the same mistake in this bull run of 2024.

Historical data says that each cycle is unique and has different conditions from the previous one. Therefore, do not expect a change to occur within 4 months. Perhaps the price explosion will be rapid, such that it occurs before the end of the year, or it may be slow, such that it extends to 2026, but in any case, we are supposed to break $100,000 by 2025. It is best to avoid making investment plans for a price above $140,000 if you want short-term investment.

I think this pattern is still the same with the previous halving. First, after the halving, bitcoin will make a dump, and surely some investors will sell their holdings, which might cause a more dump in the market. But don't worry because after that dump, bitcoin will show a very good market movement, and I hope it touches $80k in the market. If the bitcoin price is more powerful, maybe it will reach $100k. Who knows? But anyway, lets wait to see what will happen now after the halving. I do hope it goes on because I'm planning to sell some of my holdings to invest in other projects, but still, the amount that will be left in my holdings is huge, so it's fine.
 
How about the others? What will you do after this halving? This dump is a good opportunity to buy more bitcoin. It is risky, but we know how bitcoin proves itself, so we can just wait for the price to skyrocket again.

My friend, while the halving may be set in Bitcoin's code, its impact on price is far from certain.  The crypto markets have minds of their own! I speak from my own past experiences watching and waiting for the halving's effect.  

Some years, yes we've seen glorious bull runs follow halvings, yes.  But other times, alas, prices stagnated or even sank defying the hopeful forecasts and  

who can claim to read the markets fickle mind? Wise souls speak in possibilities, not absolutes.  Neither euphoric dreamers nor scheming salesmen can promise what this halving will bring.  

The future holds mystery, as always.  We mere mortals can but watch, wait and tend our courage as events unfold.

Come what may, Bitcoin remains a grand experiment - halvings and all!

I have experienced two halvings and both of them  became catalyst for a Bitcoin bull run.  From what I remember, it takes some months for the Bitcoin market to become fully bullish.  There are lots of hype roaming around the crypto sphere and it feels like any crypto investment will give profit.  It was also the time when lots of scam investment schemes lurked in the market and I think the same thing will also happen in this after halving events.


Traders will sell their holdings for profit so we can imagine people who bought when Bitcoin is around $17k  or amount lower than the current price parting with their Bitcoin for profit, it is not surprising to see that, IMHO>


Can you share with us the other opportunities Bitcoin halving gives aside from the one I know as the catalyst for Bitcoin's bull run?

I still believe that some traders will sell btc, and that process will happen in the short term, but then when the growth is strong they will come back and increase activity.

To me, events like halving offer more opportunities because we have seen bitcoin's growth before, and the belief that bitcoin will continuously create new trends in the near future will help it achieve the goals we speculate about. But it is still very realistic that nothing is too certain, but let's always be optimistic because we have also gone through harsh times in this market.

Yes true price does not elevate immediately after halving but some months are required for recovery and pumping of price therefore if someone still doubts about the effects of halving should wait for some months surely it will rise.

We don't know how long the bull season will exist but it will be a suitable option if we work and wait according to our target and don't lose before achievement of target and don't wait more after target achievement. It is very difficult for individuals to predict about the exit timing of bull season and nobody knows that how higher Bitcoin will go even they don't know that when price will elevates so higher to give them profit.

Actually i have been able to see or witness that 2-4th cycle halving with Bitcoin on which i could say that there's nothing something new.
It is really just that people are really that anticipating for these following things in regarding on such event;

1. Extreme dump/correction
2. Sudden news fundamentals
3. Total random movement

I dont really see something that interesting on Bitcoin halving but one things for sure that this is the moment on which that bull run is near.
Basing up into those previous cycles we would really be able to shoot up into the moon after 6-8 month post halving period. We dont really just that know on when it would
happen on this 4th cycle of halving. We might be seeing another different scenario because of that ETF involvement integration? Lets see!

Before halving the price increases because of the expectation in the market of the Bitcoin Halving hoping that it is going to be a huge trigger for the Bullrun, then the market is going to drop most of the time in the Bitcoin halving itself, I guess it is just because a lot of smart traders is already taking profit from the price increase before the halving they are already expecting for the market price to pump on Halving so a lot of traders are already ready to exit at that time. It wasn't really a trap when the market price dropped I guess, since its also an opportunity for a lot of traders to make a profit or enter the market again.

Halving doesn't necessarily mean the price is going to increase, in theory since it will affect the supply it should have the price increase effect considering there might be a huge delay in its effect, wait for the network and market to stabilize at least to see its effects. I remember there might be some huge selling on Bitcoin as well due to the mining taking profit, also we could expect a lot of miners is not going to be able to make a profit on it, so they might stop mining and sell some Bitcoin or probably make some return to continue operating.

This Bitcoin halving is different - institutional investors, and others. Therefore the belief of price increase after the halving is merely speculation. Bitcoin Runes which is being launched on the Block 840,000, following the Bitcoin halving is one of the causes for this increase in transaction fee. This is rationale is what I read from this article on coingecko. This is my first experience of the halving since the runes are responsible for this and it bothers me that in the next halving there are going to be others similar to runes that cause high transaction fees because of whatever they'll be minting.

Yes you are right that price goes up sometime after halving but we don't know any exact time for how long the bull run will last. But it can be estimated to last 6-7 months.  I know of a previous situation that was my first halving into this crypto. I can see a little difference in the halving this time.

Mh experience with the halving is that there's a whole bunch of marketing around it while in reality the impact on real life transactions with Bitcoin isn't that large. At least for a while we're going to realize that any potential positive impact might've been priced in.

And then maybe after a few months only then large buyers might feel the impact on OTC markets. This halving comes at a time.whetr mining has been happening at an industrial scale. So these mibers have probably found ways to offload their BTC long before the halving and have taken into account it's impact on their profitability. The increase in price that happened prior to the halving probably allows them to continue mining for longer in profit but who knows for how long.

More centralization in mining could eventually lead to a bigger drive to offload BTC faster too. Which might mean that probably might even go down after the halving.

The price doesn't halve, it's the block reward that gets halved every 210,000 blocks. You're right that the price increases a period of time after the halving but there's no expectation on how long the bull run will last. No one will have been able to predict that we have an ATH before the halving.

In my experience after the price halves to scare investors (will be a bear trap) then after 2/3 months the market starts going up (halving bull run), which lasts 9 months or 10 months.