WHAT'S SPECIAL ABOUT THE UPCOMING BITCOIN HALVING 2024

aoluain

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Quote from: franky1 on November 04, 2023, 07:52:53 PM

the ETF applications shows that big institutional FIAT companies have interest in bitcoin for the next 40 years (most pension plans think that far ahead)
these institutions also have sister companies that are investing in ASIC mining hardware. so they they also see passed the volatile period of the 2024 halving and 2025 ATH cycle (asic farmers plan and invest 2 years+ ahead)

governments do not create laws for quick viral trends. they set laws for things that will be affecting a certain amount of citizens for years

..
in short everyone can see bitcoin economics is progressing in years to come, not settling down

I Agree, the ETF particularly the Blackrock Spot Bitcoin ETF if passed will be a megalith in terms
of Bitcoin investment. If it gets approved it will be for the long term. I think everyone knows even
the SEC that Bitcoin cannot be stopped and there is a massive pent up demand from Institutional
investors to buy Bitcoin.

So this IMO is the no.1 "special" topic ahead of the halving because there is talk that there is a 90%
chance it will be approved by February 2024 ^{I forget where I read that - apologies}

Also this will be the first halving since El Salvador decided to go "Full Bitcoin" there will be a lot of hype
aroun that when their value skyrockets with the 2025 ATH cycle.

AHOYBRAUSE

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Quote from: wallet4bitcoin on November 04, 2023, 08:17:38 PM

Bitcoin and crypto bullruns are always characaterised by the halving of Bitcoin, it is therefore pertinent to note that Bitcoin halving has now become the determinant factor of the bullrun era and should be special for anyone who considers himself a player in the blockchain space and I would also advice that everyone working to achieve an aim should take advantage of the season to prepare sufficiently.

Well I hope you are right.
These days I'm trying to accumulate as much btc as possible just to maybe get a nice return of the ETF and halving push will be as good as everybody hopes.
Of course it can also blow up in my face and the price might go south for whatever reason but no risk no fun I guess.

Let's just wait and see, the halving and ETF decision are both just around the corner, can't wait .

posi

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I have the same opinion as you about the upcoming bull season, we could have a super bull cycle as I mentioned before. This time there will not only be a halving catalyst, we will have ETFs, and the world economy will enter a recovery phase and a new growth cycle...Many big catalysts impact the market and we will have the biggest bull market ever. Those who have not had the opportunity or have missed the previous price increase can say that this is our opportunity to regain what we have missed.

knowngunman

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Quote from: DapanasFruit on November 04, 2023, 11:00:46 PM

For sure, the coming Bitcoin halving will be one of the most interesting one and it is because we are expecting other factors especially the coming ETF approval to be coming in play. In fact, more than the halving, it is actually the ETF that can push the price of Bitcoin to the sky...and in preparation of that more and more people and financial institutions are now starting to "hoard" Bitcoin for a strong probability of profit come 2024.

The upcoming halving is catching attention significantly because it's the first time it's happening since the 2020/2021 bull run when the price of Bitcoin skyrocketed to a new all time high and we are all speculating that it could have a similar effect this time around. Although, there's historical evidence to support the theory that the previous two halvings resulted in a significant price increase for Bitcoin but it is however, important to know that the price of Bitcoin is highly speculative and can be affected by many factors. What I mean is that, there's no guarantee that the price will increase after the halving even though there's historical data that suggests that the price of Bitcoin might increase after the halving, there's no way to know for sure. If you can risk it, then you can buy more.

Charles-Tim

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Quote from: BlackBoss_ on November 05, 2023, 02:01:55 AM

Quote from: OgNasty on November 05, 2023, 01:50:37 AM

The big difference in this cycle as opposed to the last is that the largest exchange isn’t using people’s funds that were earmarked for Bitcoin to pump up shitcoins. I believe if it wasn’t for SBF and FTX, we would have seen a six figure BTC in 2021. That is a lot of pent up bullishness that could be unleashed over the next 24 months…

FTX collapsed in 2022, not in 2021 so what is your point here?

I think OgNasty followed the news about SBF and FTX collapse recently. There were different things that people are speculating. It comes from when they said on the news that SBF was manipulating bitcoin price to fall below $20000 and in a way it will not go above $20000 and something related to that. Some people later said maybe SBF is responsible for bitcoin not to reach 6 digits before bear market, before FTX collapse.

But 2022 was supposed to be a bear market year.

lombok

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Quote from: baby2020 on November 04, 2023, 05:12:09 PM

-ETFs and institutional interest

This year has been a tough year where several cases, such as the collapse of FTX, have caused BTC prices to fall sharply. However, it is good that ETFs and investor and institutional interest continue to increase. This halving has ETF drama, which in my opinion will have a positive effect if it is accepted next year on the price and adoption of Bitcoin.

pooya87

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Quote from: BlackBoss_ on November 05, 2023, 02:01:55 AM

Quote from: OgNasty on November 05, 2023, 01:50:37 AM

The big difference in this cycle as opposed to the last is that the largest exchange isn’t using people’s funds that were earmarked for Bitcoin to pump up shitcoins. I believe if it wasn’t for SBF and FTX, we would have seen a six figure BTC in 2021. That is a lot of pent up bullishness that could be unleashed over the next 24 months…

FTX collapsed in 2022, not in 2021 so what is your point here?

Did you want to say if FTX and SBF did not play their pump games with shit coins, more capital will choose Bitcoin to pour into it and Bitcoin will get benefit with higher price?

I don't know because there are always many shitcoins created and pumped in each bull run but they depends on Bitcoin bull run as a condition for their shitcoin manipulations. Without Bitcoin bull run, the cryptocurrency market is bearish and no developer, no exchange team can pump their tokens.

Exactly. There is always someone pumping some shitcoin and whenever bitcoin price starts rising up there are more of such people trying to make more money by pumping shitcoins that are easy to pump! It is not necessarily taking any money out of bitcoin market specially since a lot of them buy bitcoin first and then use those coins to invest in shitcoins not with fiat directly. In fact they do it to increase the amount of bitcoin they own at the end.

BlackBoss_

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Quote from: OgNasty on November 05, 2023, 01:50:37 AM

The big difference in this cycle as opposed to the last is that the largest exchange isn’t using people’s funds that were earmarked for Bitcoin to pump up shitcoins. I believe if it wasn’t for SBF and FTX, we would have seen a six figure BTC in 2021. That is a lot of pent up bullishness that could be unleashed over the next 24 months…

FTX collapsed in 2022, not in 2021 so what is your point here?

Did you want to say if FTX and SBF did not play their pump games with shit coins, more capital will choose Bitcoin to pour into it and Bitcoin will get benefit with higher price?

I don't know because there are always many shitcoins created and pumped in each bull run but they depends on Bitcoin bull run as a condition for their shitcoin manipulations. Without Bitcoin bull run, the cryptocurrency market is bearish and no developer, no exchange team can pump their tokens.

OgNasty

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The big difference in this cycle as opposed to the last is that the largest exchange isn’t using people’s funds that were earmarked for Bitcoin to pump up shitcoins. I believe if it wasn’t for SBF and FTX, we would have seen a six figure BTC in 2021. That is a lot of pent up bullishness that could be unleashed over the next 24 months…

adaseb

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The interest rate pivot will only cause a bull run if they start to aggressively cut the rates due to some credit events taking place. Everybody is waiting for this however if they slowly cut the rates by 25bps every season then it won’t have the desired effect as everyone thinks.

Sure if they reduce it to 0% suddenly then obviously people will be buying stocks and crypto and real estate however that will only happen if there is a nasty recession.

Mr. Magkaisa

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- I don't see anything special in the upcoming bitcoin halving next year, unless there are special events or promotions during that time of bitcoin halving. Then most people also know that when there is a Bitcoin halving, there is often an increase in the percentage of volatility, and there is also an increase in volume not only in Bitcoin but also in other cryptos in the market.

In addition to this situation, there are other exchanges that can even offer low fees because there is a gradual increase in the price. These are just some of the things I see happen every time there is a halving.

pooya87

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Quote from: baby2020 on November 04, 2023, 05:12:09 PM

-ETFs and institutional interest
-Bitcoiner politicians
- Interest rate pivot

The first two aren't significant in my opinion, specially the second one considering we have only had some "candidates" try to namedrop bitcoin to get some attention from certain communities like this one. Otherwise majority of them aren't actually "bitcoiners".

The only major thing is the interest rates. It is a weird situation too. They can't raise them any more since interest rate has lost its effect on controlling the rising inflation and they can't decrease it either because it would shoot up inflation. But the moment it drops, bitcoin can start shooting up with much less resistance because the money that had exited the market would come back.

DapanasFruit

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For sure, the coming Bitcoin halving will be one of the most interesting one and it is because we are expecting other factors especially the coming ETF approval to be coming in play. In fact, more than the halving, it is actually the ETF that can push the price of Bitcoin to the sky...and in preparation of that more and more people and financial institutions are now starting to "hoard" Bitcoin for a strong probability of profit come 2024.

SquirrelJulietGarden

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Quote from: baby2020 on November 04, 2023, 05:12:09 PM

Each Bitcoin Halving is unique, given the evolving context of the Bitcoin industry and global economics. However, the upcoming Bitcoin Halving in 2024 is expected to be especially interesting, Lets look at some of the things that make the upcoming Bitcoin Halving special

-ETFs and institutional interest
-Bitcoiner politicians
- Interest rate pivot

Bitcoin halvings are all set by Satoshi Nakamoto with Bitcoin source code. Two halvings will come to us after every 210,000 blocks that last about four years, a little bit longer or shorter depends on how 210,000 blocks found slower or faster than average block time of Bitcoin (10 minutes).

The key for Bitcoin growth is its adoption. With better, bigger adoption, Bitcoin will gain more interest in community and there will be bigger demand on Bitcoin. At the same time, total supply is not changed, it's always 21 million bitcoins. Circulating supply can be smaller with more bitcoins lost by careless people.

Basically with bigger demand, smaller available supply, its price on the market must increase with time. Bitcoin Spot ETFs, Institutional investors, politicians support Bitcoin, inflationary issues, etc. are different additional components for Bitcoin growth.

btc78

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Quote from: baby2020 on November 04, 2023, 05:12:09 PM

Whether you're a seasoned Bitcoiner who regularly stackssats, a curious observer, or someone on the fence about Bitcoin, the next BITCOIN Halving will be exciting for you in one way or another.

yes it will exciting to witness and probably devastating for those who only observed or on the fence about it lots of people regret not holding on to their btc and missing halving

halving is such an anticipated event in the bitcoin community that i’m seeing lots and lots of investors be interested in investing in bitcoin because of this very reason it’s not too late to buy some now some could’ve done it earlier but with the news of halving and the prospect of the market reaching a whole another level of value it wouldn’t be bad to hop on it

wallet4bitcoin

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Bitcoin and crypto bullruns are always characaterised by the halving of Bitcoin, it is therefore pertinent to note that Bitcoin halving has now become the determinant factor of the bullrun era and should be special for anyone who considers himself a player in the blockchain space and I would also advice that everyone working to achieve an aim should take advantage of the season to prepare sufficiently.

franky1

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the ETF applications shows that big institutional FIAT companies have interest in bitcoin for the next 40 years (most pension plans think that far ahead)
these institutions also have sister companies that are investing in ASIC mining hardware. so they they also see passed the volatile period of the 2024 halving and 2025 ATH cycle (asic farmers plan and invest 2 years+ ahead)

governments do not create laws for quick viral trends. they set laws for things that will be affecting a certain amount of citizens for years

..
in short everyone can see bitcoin economics is progressing in years to come, not settling down

hatshepsut93

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Quote from: baby2020 on November 04, 2023, 05:12:09 PM

-ETFs and institutional interest

That's exactly what we had during the previous halvening. Let's see if the same hype will be able to drive the market up for the second time or not. I have some doubts, but also won't be surprised if it'll work again.

Quote from: baby2020 on November 04, 2023, 05:12:09 PM

-Bitcoiner politicians

Quite few of them and they don't stand a chance of getting elected. And Bukele got elected back in 2019.

Quote from: baby2020 on November 04, 2023, 05:12:09 PM

- Interest rate pivot

2020 was even more interesting - a global economic recession caused by covid.

Jegileman

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Quote from: baby2020 on November 04, 2023, 05:12:09 PM

Each Bitcoin Halving is unique, given the evolving context of the Bitcoin industry and global economics. However, the upcoming Bitcoin Halving in 2024 is expected to be especially interesting, Lets look at some of the things that make the upcoming Bitcoin Halving special

-ETFs and institutional interest
-Bitcoiner politicians
- Interest rate pivot

What makes it more interesting and special is the future prospects of gaining more profits (interest rate) than the initial investment that was put into it. Very big prospects is been anticipated by many investors which has now become an household name when talking about bitcoin halving. The hype, the zeal, the momentum and enthusiastic mindset on this bitcoin halving has made it go more viral and well anticipated for as it comes closer. I think the halving event has become a convincing pathway for investors coming in with their millions to invest into this project. If such event never existed, we might have seen low number of users adopting bitcoin technology.

Mr.right85

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Quote from: baby2020 on November 04, 2023, 05:12:09 PM

CONCLUSION AND FINAL THOUGHTs.....

The upcoming Bitcoin Halving 2024 is poised to be yet another monumental event in the emergence of bitcoin as a young, unique monetary good While historical patterns suggest a positive price movement in the aftermath, it's critical to understand that BITCOIN, like any financial asset, operates within a complex ecosystem of economic, technological, and social variables. The 2024 Halving will be influenced not just by the coded reduction in block rewards for bitcoin miners but also by the backdrop of an evolving financial landscape- with rising institutional interest, supportive political stances, and macroeconomic shifts.

Obviously the reoccurring outcome pivots around the halving as, it’s by some means to create scarcity as less and less block rewards are been rewarded to miners and this means, we have demand and supply being more effective where the values are reflected in the ratings.

Surely there are a lot of uncertainty about the feature of bitcoin, price and all inclusive and it becomes of more concern to most as the price continues to pick but, many bank on its long line of history and reliability to keep up with Bitcoin.
Seriously, I’m not expecting any thing different from a bullrun come next halving and my holding plans doesn’t change no matter the outcome. It’s a writing in time after all, which ever the event.

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