SHOULD I CARE ABOUT BITCOIN HALVING

[bitbit97]

If you are not a miner, then you should not care much about halving. If you are holder, then you should not care about halving either. If you are a trader, then halving does not bother you either, as you must be able to earn on growing or dropping market. If you are mining hardware manufacturer, then it is to late to care about halving and its effect, because as a business, you should be prepared for that long time ago. How can halving really affect regular users? I dont know, I see that many just hold and wait for new ATHs.

[Stompix]

It's clear Bitcoin Miners are at present earning 6.25 BTC from new block they create and that reward will be reduced to 3.125 BTC from my readings. So how does making BTC scarcer benefit crypto traders generally?

Bitcoins don't become scarcer because there will be less mined.
The circulating supply of coins will still go up each day as more coins are mined, they could become scarcer only if more coins are being destroyed each day than what they are mined.

It's a common myth that circulates around saying the supply is going down, it's the pace at which the supply grows that is going down.

[doc]

It's clear Bitcoin Miners are at present earning 6.25 BTC from new block they create and that reward will be reduced to 3.125 BTC from my readings. So how does making BTC scarcer benefit crypto traders generally?

Bitcoins don't become scarcer because there will be less mined.
The circulating supply of coins will still go up each day as more coins are mined, they could become scarcer only if more coins are being destroyed each day than what they are mined.

It's a common myth that circulates around saying the supply is going down, it's the pace at which the supply grows that is going down.

The supply of bitcoin is very limited, which is the reason why the price of bitcoin rises, especially when the bitcoin halving rewards from miners are cut by half. This makes the price of bitcoin soar. talking about the supply of bitcoin, it will always be there but if the demand is higher than the supply, we will see the price of bitcoin will be increasingly expensive.

[MCcabe Rory]

It's a matter of days before the next Bitcoin's halving following the news from monitoring Bitcoin halving countdown tool. And more people seem to be talking about this year's halving than the previous ones.

There's been conversation that this year's halving will be different in some ways, largely because of Bitcoin Spot ETF approval. But I'm wondering why a non Bitcoin miner like myself should care so much about the Bitcoin Halving except that I've seen some CEX rolling out events like I BTC treasure chase for traders and others. While we earn from events as such, what's else.

It's clear Bitcoin Miners are at present earning 6.25 BTC from new block they create and that reward will be reduced to 3.125 BTC from my readings. So how does making BTC scarcer benefit crypto traders generally?

How is everyone else preparing for the halving? Please share.

You should care about the halving imo, cos after that BTC Will be scarce and it might lead to a parabolic run according to analysts.. positioning yourself is ideal. What's the 1Btc treasure something you mentioned?

[Aanuoluwatofunmi]

It's a matter of days before the next Bitcoin's halving following the news from monitoring Bitcoin halving countdown tool. And more people seem to be talking about this year's halving than the previous ones.

Yes and that's true, isn't it worth of being part of the talk of the town, we had bitcoin hit a new all time high right before the halving, this same year we have the approval of bitcoin ETF from SEC, and now we are on it with halving again which is expected to be another reason for a move to another new all time high maybe after the halving, this year is most peoples target on bitcoin investment because its getting to $100,000 and more.

[Don Pedro Dinero]

How is everyone else preparing for the halving? Please share.

I do not prepare. Halving does not affect my investment strategy, only that it is an expected event because it only happens once every 4 years and reduces the supply of new bitcoins mined. This I expect will eventually impact the price upwards as it has done so far, but normally as mining progresses halvings will have less of an impact on the price. I just hope that this halving will pass, that there is not much left and that I can look forward to the next one.

[Mega Mind]

It's a matter of days before the next Bitcoin's halving following the news from monitoring Bitcoin halving countdown tool. And more people seem to be talking about this year's halving than the previous ones.

There's been conversation that this year's halving will be different in some ways, largely because of Bitcoin Spot ETF approval. But I'm wondering why a non Bitcoin miner like myself should care so much about the Bitcoin Halving except that I've seen some CEX rolling out events like I BTC treasure chase for traders and others. While we earn from events as such, what's else.

It's clear Bitcoin Miners are at present earning 6.25 BTC from new block they create and that reward will be reduced to 3.125 BTC from my readings. So how does making BTC scarcer benefit crypto traders generally?

How is everyone else preparing for the halving? Please share.

You should care about the halving imo, cos after that BTC Will be scarce and it might lead to a parabolic run according to analysts.. positioning yourself is ideal. What's the 1Btc treasure something you mentioned?

It's an event done on platforms in preparation for the BTC halving, you know, where there are different pools of BTC they share in different phases, 0.4, 0.5, 0.1Btcs that they're giving out to traders. I believe they want to make halving event go viral. I've seen it on Bitget and I'm sure of Binance is doing same.
https://www.altcoinstalks.com/index.php?topic=320467.msg1542168#msg1542168

[SmartGold01]

Well, what I noticed why this year halving has pulled so much pressure on the media and other places is for a reason that lot of people has been speculating about bitcoin price hitting some special price target such as; saying we may likely see $100k, while others predicted to be around $200k and most people saying it would get half a million dollar ($500k).

I think at this point everyone is skeptical about the price, they are eager to see it coming so easily so that they can experience it themselves. But however, I don't think is something that you need to get worried overtime because you aren't holding hundreds and thousands of bitcoin per say, you aren't to be affected by any means rather than if you are holding or maybe trading as well but it's doesn't have much effects on traders in my opinion.

[Captain Corporate]

As a concept, it is definitely something to care about, but not as a moment. If you see that as a major timeline situation then you are right that it does mean something, but that is of course just a thing that will only matter with time. You are not going to see the price skyrocket 24 hours after the halving, that's not how it works and will not work. I think it would only make sense as a timeline, because we know that it will go up later on, and that's what matters. I believe we are going to see it go up a lot more, we just need to have some sort of change to it with given enough time to it after a while.

[Jamal Aezaz]

Yes and that's true, isn't it worth of being part of the talk of the town, we had bitcoin hit a new all time high right before the halving, this same year we have the approval of bitcoin ETF from SEC, and now we are on it with halving again which is expected to be another reason for a move to another new all time high maybe after the halving, this year is most peoples target on bitcoin investment because its getting to $100,000 and more.

After Bitcoin ETF approval the price of Bitcoin was increased and was reached to 73k$ to create new ATH but halving has not occurred yet so let's see what will be the effects of halving. Before halving the price is very low but it will recover soon when halving gets completed. 100k$ is the estimated price of Bitcoin after halving but if we are experiencing such a dip then it seems to be something difficult that we will see 100k$ as a result of halving. There are still Many months remaining in the current year so there is a probability that 100k$ will achieve.

[Tribalchief]

When it comes to Bitcoin halving, you should know that everyone needs to fight for themselves. This is basically an opportunity for whales to make massive dump, knowing fully well that most attentions is diverted to the halving event. So I would advise that you monitor your crypto project strongly and stay alert so as not to incur losses, especially if you are a short-term trader.

As for miners, their rewards would be halved as it has been designed in the protocol. Mining process would become more difficult and would require collective efforts to get the job done and earn a reward. Some solo miners might consider joining a mining pool due to expenses that might arise.

I think the effect of halving is quite contradictory, with everyone having their own way of explaining it. From history, we've always experienced an increase in the price of most coins in the market after some months of the halving event. Bitcoin's price hike during this period has been tied to demand factors, with most people believing that an increase in demand usually leads to an increase in price. Others also believe that demand literally has no effect on the bull market, but rather it occurs as a result of rumors and information that have been in place for long.

Whichever category you happen to fall into or believe, just note that there should be a bull market months after the halving, but this coming cycle might be an exception due to the approval of the spot Bitcoin ETFs. As of now, the market is not predictable, rendering history useless. But let's keep our ears to the ground and stay alert so as not to miss out.

[Faisal2202]

How is everyone else preparing for the halving? Please share.

Knowledge is power, if you have the right knowledge then you can take profit from it, otherwise, you will be at a loss. And if we will have the knowledge of Halving and how it affects the crypto market, (BTC + ALTs) then we can make huge returns. For example, BTC.D increases and decreases according to adoption, and scarcity, now adoption and scarcity both are impacting the market that's why this halving is being hyped more than before.

Still, its not that high but higher than before because of the adoption rate. Miner will get less funds, but alt coiners will make huge return on there alts when the alt season will start, and that will start when the BTC.D will decrease and the price will increase of BTC then ALTs season will start and altcoiner will make 10x or around it depends on the nature of the alt.

[vegasus]

well, maybe that will depend on your point of view. Because indeed, we often see how much FOMO people have regarding the halving which results in panic buying or panic selling at certain times. And usually there will also be a quite significant decline in the market after the halving is over. Because, miners will usually sell their Bitcoin. It's just that history will definitely repeat itself. The point is that we don't need to panic about this situation. Because usually it won't last long and then the market will quickly recover again. Yes, although we do have to be patient for a few more months because of the halving effect.

The halving effect doesn't need to be thought too much about or make our lives uneasy, especially causing panic when facing the market. What you need to do is just follow it as best as possible and remain under control over whatever happens after the halving. And don't make it a very heavy thought because that will actually give us excessive negative thinking.

[BattleAxe1]

If you are not a miner, then you should not care much about halving. If you are holder, then you should not care about halving either. If you are a trader, then halving does not bother you either, as you must be able to earn on growing or dropping market. If you are mining hardware manufacturer, then it is to late to care about halving and its effect, because as a business, you should be prepared for that long time ago. How can halving really affect regular users? I dont know, I see that many just hold and wait for new ATHs.

Oh yeah, this is useful. So as regular investors or trader, i feel cool letting the already program halving clock play out and not bother much about it. But when I see several events like Bitget's 1 BTC Halving Treasure, or the other,  especially about this time, I tend to want to commemorate the halving event. What's the thoughts about all these various events?

[Dr.Bitcoin_Strange]

If you are not a miner, then you should not care much about halving. If you are holder, then you should not care about halving either. If you are a trader, then halving does not bother you either, as you must be able to earn on growing or dropping market. If you are mining hardware manufacturer, then it is to late to care about halving and its effect, because as a business, you should be prepared for that long time ago. How can halving really affect regular users? I dont know, I see that many just hold and wait for new ATHs.

Oh yeah, this is useful. So as regular investors or trader, i feel cool letting the already program halving clock play out and not bother much about it. But when I see several events like Bitget's 1 BTC Halving Treasure, or the other,  especially about this time, I tend to want to commemorate the halving event. What's the thoughts about all these various events?

I'll agree with you about the halving being here already without much input from regular traders and investors. But I think we all should just let the market to do it's thing and then sit back and watch how the whole thing plays out.

And about the various events that's popping up to the Halving like the Bitget's 1 BTC Halving Treasury. One thing you need to know is that most of these events that pops out of nowhere are  sometimes mostly designed to stir up excitement around the halving. While they actually do their thing, which is to stir up excitement amongst investors and enthusiasts, they're just events.