Why has bitcoin prices not increased just after halving ? - page 5.

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Quote from: arhipova on April 20, 2024, 08:25:31 AM

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Take note that the effect of the halving will not take effect "IMMEDIATELY". It will take some time before we will experience the effect of it.

I've seen the Bitcoin halving event last 2020 and I'm pretty sure most here also experienced the the 2016 and even the 2012. What I saw at that time is that, Bitcoin's price remained stagnant after the event. There's no immediate effect of it towards the price of Bitcoin. They're impatient? It's not your fault anymore if they're impatient. Tell to them not to invest anymore. Investing is a game of patience. Those who are patient enough to wait are the ones that will earn the most profit here. If they're impatient then tell to them not to invest anymore and just use their money in other things.

This is also one of the reasons why I'm hesitant to share anything related to cryptocurrency to other people.

Cryptoprincess101

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Quote from: Agbe on April 20, 2024, 04:12:33 PM

Quote from: arhipova on April 20, 2024, 08:25:31 AM

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Op after halving? How? We are in the halving now and that is why the fee increased and it is not yet for bitcoin to increase in price for now. So it is not advisable to send small amount nof coins from Electrum to exchange for selling or buying. We have to wait till after this period. But the price of bitcoin was going up but I still believed that the price will comes down and let see what will happen tomorrow upwards.

We are in the halving and waiting for a dip so we don't expect the price of Bitcoin to rise within this period even if it rises, there is going to be some corrections as a result of the effects of the halving, so this is basically a period of holding. So leaving one's coins inside your wallet is the best for now while waiting for the price to skyrocket after halving.

Marvelman

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You enthusiastically encouraged your friend to invest in before the recent halving event, guaranteeing major gains. However, the market has not responded as anticipated. Your friend trusted your advice and now feels frustrated by losses and uncertainty.

While motivated by good intentions, we must proceed carefully when advising others on complex matters like crypto investing. No one can guarantee outcomes amidst the volatility and you should have more transparency about the risks and unknowns at play. Rather than making bold predictions, it would be better for you to warn your friends about all possible scenarios, so that they can make fully-informed decisions aligned with their risk tolerance. Should prices rebound later, as some analysts project, it may offer your friend validation. Yet timing the market is rarely so predictable.

Agbe

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Quote from: arhipova on April 20, 2024, 08:25:31 AM

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Op after halving? How? We are in the halving now and that is why the fee increased and it is not yet for bitcoin to increase in price for now. So it is not advisable to send small amount nof coins from Electrum to exchange for selling or buying. We have to wait till after this period. But the price of bitcoin was going up but I still believed that the price will comes down and let see what will happen tomorrow upwards.

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The answer is very simple: halving doesn't impact existing bitcoins but the ones that are yet to be mined. Imagine that it costed someone $100 to mine a certain part of bitcoin. Now it's going to cost them $200 to do the same thing. They're not going to sell what they mined for less than $200. This means that while the same miner was willing to set prices as low as $105, now will be forced to put it on the market for $205 to make any money, but for that to happen some new coins have to be mined and sold. Before that the price will very slowly climb up because miners will sell less and less at today's price, BUT (there's always but) we don't know how much bitcoin mined before the halving they hold. Despite it being past halving, miners can keep selling below the mining cost because they'd be selling old coins, ones that were mined last month and a month before, so it can take some time before halving impacts the price.

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Quote from: arhipova on April 20, 2024, 08:25:31 AM

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

You suggested that people buy Bitcoin without giving them the right information, that's not the right approach. Before you recommend any investment platform to anyone you should have a foundational knowledge about the investment platform. Just as others have said, Bitcoin halving might not have an immediate effect on the price of Bitcoin, it might take some months for the price to start appreciating. Bitcoin might get to ATH late this year or early next year.

I guess they are blaming you because you told them that they will make instant money if they invest in Bitcoin. But it is also important to tell people that Bitcoin is not a get-rich-quick scheme where you invest and make gains within a few months. The reason is that the price is volatile and the market is also unpredictable. People should have a long-term plan when they are investing in Bitcoin and using DCA should be ideal for beginners.

However, tell them to be patient, hopefully, they will make some profit from their investment. I also hope you taught them about keeping their investment safety in a decentralized wallet because you might receive more blame if they lose their money in a centralized wallet

HideYourKeys

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It never had a direct impact the next day after the halving, wait for a few months Wink

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Quote from: arhipova on April 20, 2024, 08:25:31 AM

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

We can't control what the transaction price will be, as other commented, their is this rune protocol, (https://cointelegraph.com/news/runes-protocol-ignite-new-season-bitcoin-after-halving).

In any case, in any investment, everyone should have patience, and you should explain this to your friends, as it's not your fault. It will take months before they can see our investments grow. There is no "instant" in Bitcoin, everything will come into fruition and the best gauge is at least at the end of the year and not days or weeks after the halving itself. And that is that sometimes it's better to just not let everyone knows about our investment and persuade them to do so because of this kind of blaming games.

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Such types of people are so greedy that they cannot wait for the proper timing and due to their impatience they always lose the opportunity to win good revenue. They have a lack of knowledge and they just invest in Bitcoin due to your suggestions so I think continuing Bitcoin investment will be hard for them as they don't know anything but follow what you have said to them.

Bitcoin halving cannot cause the price to reach 100k$ in an hour but the effect is slower therefore if someone cannot wait then they should not invest in Bitcoin because success in Bitcoin investment is impossible without patience.

Bobrox

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In my opinion, bitcoin price have increasing drastically one month before halving and less positive impact after halving with bitcoin not increasing yet, its normally the holder or investor prefer waiting bitcoin get down than investing with bitcoin still on higher price moment. Comparison with last crash of bitcoin price under $20k, today bitcoin had increasing up drastically above thousand hundred percent and I think need moment for few months later to see bitcoin get up again.
Since last month break new all time high price around $73k, bitcoin has difficult moment will break out any more to new higher price after many bad issues with war conflict. Keep patience awhile with bitcoin potential raise to higher price usually few months later after halving has opportunity get raise up.

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Quote from: arhipova on April 20, 2024, 08:25:31 AM

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Bitcoin still has great potential of doing very well in the near few months, but that doesn't mean it's gonna be immediately, as such price increase is a gradual process caused by demand and supply of Bitcoin just as it has always been for the past 3 Bitcoin halving. So if your friends seems to blame you today for not seeing an immediate massive increase in the price of Bitcoin, then I'm sure it must have been as a result of the false/wrong information you gave them while introducing them to Bitcoin investment. Because if you had told them that by investing $100 in Bitcoin, after halving they will have profit of $10,000 or turn millionaires overnight, then they are likely to get worried why halving has come and gone and yet they are not yet millionaires. But if only had told them Bitcoin Is an asset whose value is controlled by demand and supply, and the more longer a person holds his/her Bitcoin then such individual are likely not to be worried about the stagnating price of Bitcoin.

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I have noticed that Bitcoin halving has become a recent trend all over the socials. Just a few days before it happened I saw people like you, suggesting to others to buy Bitcoin, claiming it would pump and bring them huge gains from few hundred bucks. While it's not wrong to suggest to your friends to consider investing in Bitcoin if they believe in it, it import for you to not make false promises without any good knowledge or understanding of what’s the purpose of halving in first place. After all, none of us can predict Bitcoin's next move or analyze how this event will affect its price in short term.
Historically, the price of Bitcoin doesn't pump immediately after halving. Instead, it tends to increase slowly and steadily, then eventually reaching new ATH. Even though, it takes time to see a healthy chart without huge dumps.

If your friends are still upset because Bitcoin didn't go as you promised them, they can always close their trades or exchange it again. But it's an opportunity for you to learn more about Bitcoin and explaining to your friends that this investment should be viewed from a long term perspective, not as a hit and run thing or winning a lottery.

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Quote from: dkbit98 on April 20, 2024, 12:16:17 PM

We can see transaction fees increased a lot Tongue

There is no magic halving button to press that would increase price of bitcoin, it's just people and institutions buying and selling coins when they think it's best for them.

Even if the price of BTC would increase as we expect to, it wouldn't happen suddenly after just a day after the halving, because the price depends on investors demand and we see currently that investors are quiet and waiting until they decide it is the right time to start investing.
Am sure more users and investors would crowd the Bitcoin ETF because it is one peck that has given BTC more value and a good option for investment.

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Quote from: arhipova on April 20, 2024, 08:25:31 AM

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

don't bother. you can always tell them again when the price has already flown to the moon.
i have heard a few stories like this before which someone got blamed for making them invest, it will just be bad if the market is about to go downtrend already, and those who invest lose money.

in your case you're in the right time since halving has just started and bull market is bout to go in weeks or maybe a few months.

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Quote from: arhipova on April 20, 2024, 08:25:31 AM

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices.

Not halving affected the increase in the cost of bitcoin fees. Bitcoin price will be affected by an increase in demand for this type of asset, which has not yet increased, otherwise the price would have increased. Halving affects an increase in demand (due to a reduction in mining), but not directly.

Quote from: arhipova on April 20, 2024, 08:25:31 AM

I suggested some friends to invest before and they are blaming me for the suggestion.

Next time, you will be more careful when making suggestion for something that you can't influence in any way (increase in value and enrichment immediately after halving).

Quote from: arhipova on April 20, 2024, 08:25:31 AM

I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Days? This may take months. The bullrun in past cycles began with a delay, and not immediately after the halving.

The impatient have no place in investing.

dkbit98

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We can see transaction fees increased a lot Tongue

There is no magic halving button to press that would increase price of bitcoin, it's just people and institutions buying and selling coins when they think it's best for them.

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Quote from: arhipova on April 20, 2024, 08:25:31 AM

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Who ever said that bitcoin price was going to increase immediately after the halving? I mean, the whole world knew that this was going to happen and simply looking at the past halvings we do have a price increase, but it's never been immediate, it took a few months. You should never tell people "buy this because it's going up" because then they are going to blame you, just like it happened.

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Look at the past halvings and you will see that the increase wasn't sudden. It started to increase weeks/months later gradually and then all of a sudden there was a huge pump. It wasn't meant to be a instant pump, it doesnt work like that.

The block reward that miners get is cut in half, which means there is going to be less sell pressure. So about 3.125 BTC is added to the supply less than before. Thats about 450 BTC in less sell pressure which is about $30,000,000. Overtime this will make a difference but it won't be sudden. You need to be patient.

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Quote from: Charles-Tim on April 20, 2024, 08:47:15 AM

Quote from: arhipova on April 20, 2024, 08:25:31 AM

I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Did you not tell them about the (short term) risks also? Someone that is not patient can not hold bitcoin. Know that it can take months before the price will start to increase to the extent that we can call it bull run.

That’s one of the reasons why I don’t want to suggest when it comes to potential investments. People will eventually put the blame on you when everything they see is not already working based on their plan. And even if you tell them that bitcoin has its short term risks, that won’t change the fact that they’re almost losing their investment. Patience is the key, if they can’t be patient then they should not be here in the first place.

Meanwhile, bitcoin price is still not climbing at the moment, but if you check out history about bitcoin halving, it will only goes up probably couple of months after the event. So never expect too much for bitcoin these days.

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Quote from: arhipova on April 20, 2024, 08:25:31 AM

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

If you give people investment advice without telling them what the risk is, or even knowing what the risk is yourself, then it is all on you. I don't think you fully understand what BTC is and what the effect of the halving is, and so you may have told your friends that as soon as it halves, they should be get ready for the value of their coins to go to the moon.

I am sorry, it is not going to happen in the way you are your 'weak hands' friends want, they should be patient and secure their coins so they do not lose it. The price of BTC would rise, but based on what happened in halvings of the past, it isn't going to happen immediately.

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