What are your expectations ahead of pre and post BTC halving?

Ale88

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Quote from: TheVeteranAngel on February 03, 2024, 12:39:52 PM

While reading some crypto news earlier today, I came across a survey conducted by Bitget towards the end of last year in several region of the world where crypto investors share their anticipation and investment plan in crypto ahead of 2024 pre and post BTC halving and seeing 84% of the people saying BTC will cross the previous $69k ATH while also confirming they are increasing their investment ahead of the pre-halving makes me feel 2024 might be another good year for me.

Although some expert suggested that people should be careful as BTC might trade around $30k - $60k within this period which makes it even a more dicey situation but overall, I think the post halving might bring the good news everyone has been anticipating.

What are your thoughts, do you think this survey reflect the true percentage of what to expect or not?

I'm not sure that this time the halving event will be as important as the previous ones because the majority of bitcoins are already out, yes, there could be an additional couple of millions to be mined (or something like that I think) but let's be honest, 19 millions or 20 or 21 millions don't really make a big difference at this point. I think we'll see a new ATH because more people will be interested in buying bitcoin after all the advertisement received thanks to the ETFs approval.

_BlackStar

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We've already seen bitcoin lose $10K in value easily between January and February - that was before the halving. But ahead of the halving - I think bitcoin's value will rise more and test its strongest resistance level at $50K, that's the closest thing I can think of before the halving. After the halving - a correction can be expected, but a few months later the bullish will start and will probably last for a full year between November 2024 to November 2025.

If the previous halving scenario or history repeats itself - then many investor may not want miss the train to own bitcoin. But still - history will not forever repeat itself even though I really hope it will. So - a correction may occur between pre and post halving, but ahead of the halving the bitcoin price is likely to recover and test $50K as its strongest resistance.

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Quote from: IvugeoEvolutionCoin on February 05, 2024, 09:18:17 AM

Quote from: Volimack on February 04, 2024, 12:13:48 AM

Keep the purpose for investing in bitcoin and proceed. If we can't hold bitcoin yet then we can never prepare ourselves for the bull run on the way to the bitcoin halving and the opportunity to hold bitcoin even if the price drops. Whenever the value of bitcoin falls it is a new sign of the market going up. Everyone's expectations will be met if they wait to see the maximum height.

I try to buy and hold bitcoins. I buy and hold bitcoins with some money from my salary every month. I know that I have to wait a long time to get profit from the investments I am making now. I don't know the rules of investing. I started to see if it would be possible to make a profit if I invest like this. I know that if I hold bitcoins after a few years it will not be possible to get anything good.

Bitcoin is the digital gold and hodling it for long if you buy via a well planned DCA will put you in good a profit position particularly as bull run is obviously approaching but it's important to also look for a good exchange or wallet to hodl. Most of my assets are on Bitget not just because I am benefiting from their wealth management scheme but their zero incidence of security exploit and their recently launched customer protection fund which has seen steady increase is appealing to me atm.

IvugeoEvolutionCoin

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Quote from: Volimack on February 04, 2024, 12:13:48 AM

Keep the purpose for investing in bitcoin and proceed. If we can't hold bitcoin yet then we can never prepare ourselves for the bull run on the way to the bitcoin halving and the opportunity to hold bitcoin even if the price drops. Whenever the value of bitcoin falls it is a new sign of the market going up. Everyone's expectations will be met if they wait to see the maximum height.

I try to buy and hold bitcoins. I buy and hold bitcoins with some money from my salary every month. I know that I have to wait a long time to get profit from the investments I am making now. I don't know the rules of investing. I started to see if it would be possible to make a profit if I invest like this. I know that if I hold bitcoins after a few years it will not be possible to get anything good.

wiss19

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The results of a survey only show the thoughts and expectations of different people who were asked the questions regarding the topic the survey is about. So, you can't think or expect that if the majority is saying the same thing, that thing would be true, but it just means that most people think the same way regarding the topic.

It's not surprising to know that most people think that the market will cross the previous all-time high in the upcoming bull run because it has been long anticipated and investors have been waiting for this moment for long. When it comes to the halving event, it might not be a guaranteed metric for the bull run to start, but it is just an indicator based on what we have seen in the past, and usually bull run starts after some time after the halving event.

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If we talk about the price in the short term, I expect some correction in the Bitcoin market, because everyone is expecting the Bitcoin price to go up due to the halving, so a correction is expected here. But if you look at Bitcoin history you will get an idea of how fast Bitcoin has trended up after the Bitcoin halving. And there have been many discussions on this topic before and those threads also exist in this forum.

If you think long term you will see how much uptrend Bitcoin will go after halving which you might not even expect now. Because Bitcoin has achieved a new ATH after every halving, and you can understand that by looking at the Bitcoin chart. So I would say you don't expect short term market changes due to halving but think long term big picture, long term you will get better results from Bitcoin than expected because everything takes time.

GeorgeJohn

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Right now I will say expectations of everyone should be less because bitcoin Right now have different dimensions of increment, it's obvious that the price of bitcoin can change at any point in time, so halving now is something we expected that will help to boast the price of bitcoin...halving is one of the things we all know that will help to speed up the market and everyone expected that they will be a bullrun this year but the market changes base on the ratio of the demands and supply

aoluain

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Well my take is this:

Pre-halving - we rise
I remember some people on the forum asking just before the event "is it priced in?" meaning
the halving utself to try and figure out if the market price at that time was saturated and not
going to rise further. I expect the same to happen pre-halving, it will be priced in!

Post-halving immediately - we fall
Because the halving was priced in a "sell the news" event occured and there was profit taking
resulting in a price fall

Post-halving medium to long term^{12 months} - we we rise
Everyone knows we will climb after the halving to a new ATH as part of the 4 year cycle.

Well thats what has happened with the last halving!

Faisal2202

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Quote from: TheVeteranAngel on February 03, 2024, 12:39:52 PM

2020 was supposed to be an amazing year for me after buying some BTC and altcoins back in 2019 but the Corona virus came and had to dispose by crypto bag for survival before the bullrun came. It's a year I would never forget coz my life would have changed drastically if Covid 19 hadn't messed things up.

It is sad how things were, not only for you but for all of us, although I did not invest in BTC at that time, only observed the market, as I was new to the crypto sphere, I started my journey in crypto in 2021, so, I did see the bull run and how FUDs and FOMOs make people lose money regardless of these natural or artificial pandemics. Life is so unequal, you end up with your crypto portfolio due to COVID-19 and I start to search for new ways to earn money due to Covid and end up here.

Quote from: TheVeteranAngel on February 03, 2024, 12:39:52 PM

What are your thoughts, do you think this survey reflect the true percentage of what to expect or not?

My thoughts are with those people who say that this year BTC might go back to $30k and that's due to the number of reasons one of them is, the huge selling of BTC via US authorities and exchanges. This will increase the number of circulating BTC but the pressure might be compensated by halving as supply will cut to half and considering all that adoption, so we can say BTC might break its support but that would be for temporary time, as in the long run BTC is bullish.

Franctoshi

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If you have been in this industry for quite some years now, and should we have things go the same way which other Bull markets we have experienced has been then, things to do are very simple and clear, load up pre-halving sit back and relax post-halving while you are waiting for the market to start heading to up to the moon, then ride the market and grab some profits wherever you are good and invest the profits in other things, and prepare for the next market cycle.

kryptqnick

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Halving will happen quite soon, I don't think we'll see a pre-halving bull run. It's good if the price remains around the current level, but it can also go down easily. I'm more hopeful about the end of 2024 and perhaps the start of 2025. I know the year has just started, but it's not that far anyway, and Bitcoin requires patience. The price didn't rise pre-halving in the past, I think, so it might also be an indicator in case you rely on halving as a factor in Bitcoin price dynamic.
Hopefully, there won't be any major global challenges like Covid this year, so it will be easier to just hodl.

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Quote from: TheVeteranAngel on February 03, 2024, 12:39:52 PM

Although some expert suggested that people should be careful as BTC might trade around $30k - $60k within this period which makes it even a more dicey situation but overall, I think the post halving might bring the good news everyone has been anticipating.

What are your thoughts, do you think this survey reflect the true percentage of what to expect or not?

My thought on this is why people have to be careful with that price range of Bitcoin? It is actually where it is going or where it can be back. $30k isn't a bad price even if we're already like around $42k-$43k. If it corrects at that low, it's still a good price for holders and also to those that haven't bought yet.

And as for $60k, still, holders like to see that range so why there's a need to be careful with that? What people must be careful with is when they've missed to buy at any of those price ranges when they keep on being careful with Bitcoin.

Everyone understands on where Bitcoin is heading, so buy when you don't have it yet as the halving will definitely push the prices up.

TheVeteranAngel

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Quote from: Iamcrypticguy on February 03, 2024, 03:41:18 PM

Quote from: TheVeteranAngel on February 03, 2024, 12:39:52 PM

2020 was supposed to be an amazing year for me after buying some BTC and altcoins back in 2019 but the Corona virus came and had to dispose by crypto bag for survival before the bullrun came. It's a year I would never forget coz my life would have changed drastically if Covid 19 hadn't messed things up.

Fast forward to 2023, I have been able to accumulate some few BTC from my monthly pay check and the news of Bitcoin spot ETF approval arosed my hope again that BTC might kickstart the mini bullrun before the halving but the reverse was the case as BTC fails to hit the $50k mark.

While reading some crypto news earlier today, I came across a survey conducted by Bitget towards the end of last year in several region of the world where crypto investors share their anticipation and investment plan in crypto ahead of 2024 pre and post BTC halving and seeing 84% of the people saying BTC will cross the previous $69k ATH while also confirming they are increasing their investment ahead of the pre-halving makes me feel 2024 might be another good year for me.

Although some expert suggested that people should be careful as BTC might trade around $30k - $60k within this period which makes it even a more dicey situation but overall, I think the post halving might bring the good news everyone has been anticipating.

What are your thoughts, do you think this survey reflect the true percentage of what to expect or not?

Well, in my opinion, I think a lot of people have a bullish sentiment post-halving. However, I believe we'll see a shakeout pre-halving. The reason is that institutions would be willing to buy low and ride it to the top of the bull run. In any case, let's be smart and play the game with them. May I see the link to this survey?

Sure.. https://www.finder.com/bitcoin-btc-price-prediction

TheVeteranAngel

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Quote from: Antotena on February 03, 2024, 01:02:36 PM

Quote from: TheVeteranAngel on February 03, 2024, 12:39:52 PM

While reading some crypto news earlier today, I came across a survey conducted by Bitget towards the end of last year in several region of the world where crypto investors share their anticipation and investment plan in crypto ahead of 2024 pre and post BTC halving and seeing 84% of the people saying BTC will cross the previous $69k ATH while also confirming they are increasing their investment ahead of the pre-halving makes me feel 2024 might be another good year for me.

I was told by a wise man who is an experienced bitcoin long time holder says you should never count your bitcoin profits when it hasn't make any move. I'm bullish for Bitcoin and I'm expecting many things about Bitcoin because even if there is not a catalyst this period, ETF investors wouldn't let it down because they are have struggled with SEC and has bring it, they wouldn't want to be ridicule of their investment, same goes with Microstrategy that has bought a lot of Bitcoin since it went lows.

Quote

Although some expert suggested that people should be careful as BTC might trade around $30k - $60k within this period which makes it even a more dicey situation but overall, I think the post halving might bring the good news everyone has been anticipating.

What are your thoughts, do you think this survey reflect the true percentage of what to expect or not?

How can we be sure of this survey is not a cook values to speculate the public. I think we might go higher than these prices but then again, it's not something that can be achieved in a day or a year, it can be even 2026 before we will see these price that I expect to see bitcoin and I just hope when bitcoin start moving, we don't see bad news like we had some months back of FTX collapse and also Celsius bankruptcy.

Well I don't think so because the survey was properly done and lots of factors were considered.. perhaps you can get more insight from here. https://www.finder.com/bitcoin-btc-price-prediction

super bako

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Quote from: jasonjm on February 04, 2024, 07:08:15 AM

I am expecting a market correction in the coming weeks, and the price might dip toward $35k.

In the past, we have seen that post-halving BTC experienced a slight correction. Post halving, BTC price surged significantly on the past three occasions, and the bull's duration was longer following each halving. If we follow the market trends, it is expected that the BTC might touch ATH somewhere between mid to late 2025.

The history of Bitcoin is like what we see, friends, before the halving in less than a few weeks there will be a significant increase, whether it will happen again with the same history. Indeed, Bitcoin needs correction before the new ATH in 2025 and we must prepare so as not to be left behind significantly by Bitcoin

famososMuertos

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COVID was bad for everyone, no one was saved so we were all screwed, although as a reflection it was the opportunity for many to make money, which leaves the reflection that, is bitcoin actually your financial solution or is it simply a wonderful way to use my finances in another way.

Just don't trust yourself, bitcoin should not only be seen as an asset to become a millionaire, for that to happen there always have to be losers and winners. You mention 2020, then four years are enough days to be very clear about what to do... consequently, the ATH goes happen, the price and when are two variables that cannot be controlled, but your decisions can.

WatChe

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Quote from: hatshepsut93 on February 03, 2024, 06:41:34 PM

I don't have a more specific expectation other than that BTC will enter a bull market sometime in close future. It could be that it will start around the halvening or 6-12 months after. I'm not in any hurry and I will patiently wait for an opportunity to take decent profit.

It could easily be counter-productive to think that the market will play out the exact scenario that you imagined, because it most likely will not, and you will miss out on opportunity to make a good trade. Remember, investing is about buying low and selling high - it's not about buying and selling at perfect spots.

Based on previous data of halving's its clear that price doe not go up immediately after halving rather take year or more before we see increase in bitcoin price. There were lots of expectations from Bitcoin ETF but we didn't see any massive change in Bitcoin price. We will see effects of Bitcoin ETF in next 6 month because in early days lots of selling was going on in Bitcoin ETF.
Bitcoin price goes up in the long run but its almost impossible to predict the instant at which it will go up. So it's best to sit back and accumulate Bitcoin when price is down.

jasonjm

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I am expecting a market correction in the coming weeks, and the price might dip toward $35k.

In the past, we have seen that post-halving BTC experienced a slight correction. Post halving, BTC price surged significantly on the past three occasions, and the bull's duration was longer following each halving. If we follow the market trends, it is expected that the BTC might touch ATH somewhere between mid to late 2025.

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I think this kinds of topics are already available on the speculation board. Even then I wanna say that if anyone interested about this topic then if he goes to the Google and see the Bitcoin previous situation before and after the Bitcoin halving then he might get some idea about the pre and post situation of Bitcoin. I don't think there is any big pump now before the halving and after the halving I don't think we will see any big pump in 365days.

AnonBitCoiner

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Bitcoin holding gives us opportunity during every halving but some people missed this opportunity due to their impatience and doubt about bitcoin success. Bitcoin will show huge gain in current year after halving because it will reach to 69k$ of the worth so this will increase our hopes and expectations more.

The price would definitely be increased after ETF approval but due to some unpleasant news we miss to see the price of bitcoin to reach 50k$ but still we are in hopes that price will be more favorable to us during bullish period that will result from halving. We will not see the price to go down below 35k$ but we cannot say that we will not see dip as halving never shows or help to stop Fluctuations.

Topic: What are your expectations ahead of pre and post BTC halving? (Read 427 times)