Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: BattleAxe1 on April 16, 2024, 02:10:38 PM
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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.
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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.
Maybe it just seems to you that there is a lot more talk about this halving than the previous ones, because I witnessed the last two halvings and I can say that people around Bitcoin were always excited about it - although the 2016 halving did not have such a media response as the 2020 one.
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.
From a technical point of view, the halving is the same as every one so far, and there is no doubt about that. What is different is that the new ATH happened before the halving, and that is why this halving is different. Look, if you have no reason to care, then just don't care too much or at all.
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?
The story goes like this - if miners mine less BTC, then there will be less new BTC on the market, which means that with the expected increased demand, the price of BTC will go up. Of course, in that story, it should be taken into account that according to the new reward, miners mine about 450 BTC per day, or about 13 500 BTC per month - and even if they sell everything (which never happens), that can no longer affect the price.
How is everyone else preparing for the halving? Please share.
Honestly, I don't prepare because I don't see the point in it - on a certain block the reward will be halved and that's it. The only ones who need to prepare are the miners, because they will earn half as much, and that means they have to adapt.
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By following simple economic laws, you're supposed to know that the more a scarce a commodity is, the more it's needed, and the more a commodity is needed/demanded, the more it's price imcreses and this is essentially a good thing for every bitcoin investor. Basic knowledge of the law of scarcity, demand and supply should be able to explain this to your understanding.
When miners' incentive for mining new blocks are cut into halves, there would be lesser bitcoin in circulation and when this happens the price of bitcoin catapults ( according to past performances).
Although past performances may not guarantee future results in the crypto space but these are natural economic laws so I strongly believe the results wouldn't be any different from the past results and performances, so it's essentially a good thing for Bitcoin holders and enthusiasts as they pray for Bitcoin to reach ecen higher ATH.
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You should not care about halving neither should you think about it if you aren't a Bitcoin miner. It's simply an event that has been known to make Bitcoin more scarce and those who understand the value of Bitcoin, and knows when it's getting scarce then they try their best to accumulate as much Bitcoin as they possibly can.
That accumulation of Bitcoin will increase the market cap of Bitcoin and its value increases. When Bitcoin's value start increasing then other coins also start gaining value because of the coverage that crypto market gets. Of course the value increase is because of the investors, and social media promotors who convince those investors
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How is everyone else preparing for the halving?
I personally do not care about the halving to be honest even before because I am not a miner myself and I don't have much Bitcoin with me or I don't have extra money to buy during the dip but this something to prepare for as the dip is the best time for everyone to jump-in though we can still buy through DCA if we wanted.
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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.
Everything would really be depending on the demand because if Bitcoin would become more scarcer but the demand doesnt move or becomes lesser then dont expect for some price jump
but if we are really that saying the opposite then you would definitely say that price would be shooting up into the moon. As for an individual point of view about halving period
then it does give out that kind of hype in the community because we know that once halving happens on Bitcoin then bull run market comes next
and this is where most people been keeping their eye on.
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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.
Ever since the Bitcoin went live and first Genesis block was mine, miners has clearly been the only source of Bitcoin supply, as they mined each block every 10 minutes on average, more Bitcoin is been supply and added to the circulating supply together with the transaction fees that are been collected for every successful mined block they found.
However, what they get reduces every four years, that means supply that is been added is shrinking every four years and that means the supply is dying making it less and more demand keeps coining from buyers, this is why Bitcoin is becoming scared after each halving. These is why you must hold some Bitcoin before the bull run so as not to miss the pumped as a result of demands from traders and speculators.
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How is everyone else preparing for the halving?
How else will someone prepare for the halving if not to buy additional bitcoin through DCA strategy before the market skyrockets finally since they are not Bitcoin miners their block reward will reduce from 6.25BTC to 3.125BTC.
The halving is what many of us have been anticipating for a long, saving up their USDT for this time when the market will experience another dip before the scarcity of bitcoin increases because of how miners have reduced(halved) the block reward of bitcoin.
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most of people in crypto are investors and most probably you are an investor as well. know that every halving BTC price skyrockets which you should really care about Bitcoin Halving because this opportunity could change your life forever.
the economy is bad and therefore as an investor you need to make your ROI and is possible multiply it to thousands. well, you are presented with the great time to make money thru halving. not only that even i you are not a BTC holder, the altcoins does what BTC does. you still make money.
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So how does making BTC scarcer benefit crypto traders generally? How is everyone else preparing for the halving?
Generally speaking, whether one is trading or just holding Bitcoin, we can all get benefitted by the increase in the price of this asset in the market. Now, of course, good traders can be making money whether the market will go up or go down so maybe they don't care that much. I am not much into trading so my experience with that endeavor can be quite limited. As to preparations, maybe the best thing to do is to make sure that we have some BTC in our non-custodial wallet so that after halving we can be a part of the rising market. I think more than that, there is nothing really more significant here on the personal level though there is no denying the whole crypto market is really so excited with this development. Halving come and go but this is going to be a very unique one because of the ETF approval though we don't what can happen in the next halving maybe four years from now.
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If you've been reading around about halving and its effects and everything, you should know that there is a trend in the cryptocurrency market and we call it the bull run, it is when the whole market goes up and all the cryptocurrencies gain value, and based on historical data and charts, this trend occurs around or after the halving event in each Bitcoin cycle. So, as a trader or investor, this must be something you should care about, in my opinion.
Talking about the scarcity of Bitcoin, the halving doesn't make the supply lower with a magic wand and make its price go up, but the incoming circulation of Bitcoin reduces which means that as the demand increases and the circulating supply doesn't increase by much, the value will go up in the long run.
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Please share.
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In fact, there is no compulsion to make everyone care about the Bitcoin Halving event,... but based on the history of Bitcoin Halving that has occurred, we have encountered a bullish market movement which has caused many holders to gain large profits in a short time. The price pump occurred after the halving... and it clearly made many people experience an increase in their portfolio.
So... anyone has the choice to care or not care about the Bitcoin Halving... and because I want to take advantage of this moment to gain greater profits, I decided to care about the 2024 Bitcoin halving moment this time.
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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.
What kind of preparation are you asking? well if what you wanna hear is before halving then I have my ready amount to rebuy incase that the market goes back to the trend of dumping before halving , but if the market go different ways? then I must be ready to sell all my holdings in preparation for the coming dumping.
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In fact, there is no compulsion to make everyone care about the Bitcoin Halving event,... but based on the history of Bitcoin Halving that has occurred, we have encountered a bullish market movement which has caused many holders to gain large profits in a short time. The price pump occurred after the halving... and it clearly made many people experience an increase in their portfolio.
So... anyone has the choice to care or not care about the Bitcoin Halving... and because I want to take advantage of this moment to gain greater profits, I decided to care about the 2024 Bitcoin halving moment this time.
Yeah maybe it will only serves as an indicator of something like an accumulation period for holders. For serious investors I think halving has significance but for us who can do nothing about the event I think we just don't mind it.
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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.
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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.
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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.
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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?
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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?
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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.
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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.
All the happiness created during the halving event will have a good impact on the market. As we can see, the market is starting to improve and we should wait, as you suggested, to see how the market will move during the halving. Some are preparing funds to buy, they still believe the bullish top will occur next year after the halving
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How is everyone else preparing for the halving? Please share.
I am not doing anything differently, but it is not possible to deny that there is usually an excitment around this time of the BTC halving, some weak hands buy BTC only because it is the halving time and so many others are waiting to sell once the price rises to their expectation. It is up to you to care or not, if you do not have any intention of selling any of your stash, then you can be indifferent about it.
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Honestly, I care about it, seriously, I care much about this halving moment.
I don't know why, I always look forward to this moment. I don't know whether the effect will be successful or not, but for sure, the halving will have quite a profound effect on Bitcoin this time. Even though it is possible that one of them, we will face another market crash after the halving, but our belief is that the Bitcoin halving will provide benefits and also have a fairly high impact on increasing the price of Bitcoin, and I am also very confident with that. Hey, just wait for a while and stay calm, not having a panic attack.
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Yes you should definitely care about it if you have BTC. Halving always creates a lot of buzz and then the demand increases, which in turn results in a price hike. Plus, the scarcity factor only adds to the FOMO newbies feel and also makes BTC a more novel and worthwhile asset.
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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.
Yeah, Bitcoin halving is definitely a big deal in the crypto world. For us regular crypto traders and holders who aren’t mining, the halving mainly matters because it can affect Bitcoin’s price. The basic idea is that when the reward for mining Bitcoin halves, it becomes scarcer since fewer new Bitcoins are being generated. This scarcity can potentially drive up the price if demand remains steady or increases.
As for how it benefits us directly, a higher Bitcoin price could mean higher portfolio values, and if you’re trading, it might offer some good opportunities to capitalize on price volatility. Plus, with events like the BTC treasure chase you mentioned, there’s a chance to engage more with the community and possibly snag some extra earnings.
Personally, Im keeping an eye on the market trends and planning to adjust my trading strategies around the halving. Might also beef up my holdings a bit if the price dips before the halving.
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Honestly, I care about it, seriously, I care much about this halving moment.
I don't know why, I always look forward to this moment. I don't know whether the effect will be successful or not, but for sure, the halving will have quite a profound effect on Bitcoin this time. Even though it is possible that one of them, we will face another market crash after the halving, but our belief is that the Bitcoin halving will provide benefits and also have a fairly high impact on increasing the price of Bitcoin, and I am also very confident with that. Hey, just wait for a while and stay calm, not having a panic attack.
Everyone is also waiting for the halving, because it is possible that after the halving the price of bitcoin will rise and for those who have bought bitcoin when it is up they will get bigger profits than others. I am one of those people who is waiting for the halving and of course waiting for the bullish season
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Honestly, I care about it, seriously, I care much about this halving moment.
I don't know why, I always look forward to this moment. I don't know whether the effect will be successful or not, but for sure, the halving will have quite a profound effect on Bitcoin this time. Even though it is possible that one of them, we will face another market crash after the halving, but our belief is that the Bitcoin halving will provide benefits and also have a fairly high impact on increasing the price of Bitcoin, and I am also very confident with that. Hey, just wait for a while and stay calm, not having a panic attack.
Everyone is also waiting for the halving, because it is possible that after the halving the price of bitcoin will rise and for those who have bought bitcoin when it is up they will get bigger profits than others. I am one of those people who is waiting for the halving and of course waiting for the bullish season
I hope you're also willing to wait for a couple of months it happens to take that long, because the effects of the halving on bitcoin price doesn't occur immediately,.
In the previous halving events, it would usually take a couple of weeks or months before bitcoin will hit the bull market.
It's also possible that a while after the halving, bitcoin may still continue to DIP for a while or maintain the bearish trend, I hope when this happens you wouldn't be dismayed or start questioning your judgement on buying or start asking if you've actually made the right choice, because this is exactly the reactions we'll be having these few days or weeks after the halving.
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Everyone is also waiting for the halving, because it is possible that after the halving the price of bitcoin will rise and for those who have bought bitcoin when it is up they will get bigger profits than others. I am one of those people who is waiting for the halving and of course waiting for the bullish season
The halving has happened, tx fees went very high today and the price has not pumped and a lot of people are already complaining. :D
For the people in this forum who do not know, the price of BTC is not going to rise immediately after the halving, and there is no need to start complaining, as for tx fees, it is sad to say, but the fees is just too high now and a lot of people will avoid sending anything using BTC. But we can hope that things get better as regards tx fees very soon.
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The halving has happened, tx fees went very high today and the price has not pumped and a lot of people are already complaining. :D
For the people in this forum who do not know, the price of BTC is not going to rise immediately after the halving, and there is no need to start complaining, as for tx fees, it is sad to say, but the fees is just too high now and a lot of people will avoid sending anything using BTC. But we can hope that things get better as regards tx fees very soon.
It seems that the increase in transaction fees is due to the influence of miners who are finding it increasingly difficult to get bitcoins. So for the time being it is better for us to use altcoins to carry out asset transfer transactions between exchanges rather than using BTC which has quite high transaction costs.
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Honestly, I care about it, seriously, I care much about this halving moment.
I don't know why, I always look forward to this moment. I don't know whether the effect will be successful or not, but for sure, the halving will have quite a profound effect on Bitcoin this time. Even though it is possible that one of them, we will face another market crash after the halving, but our belief is that the Bitcoin halving will provide benefits and also have a fairly high impact on increasing the price of Bitcoin, and I am also very confident with that. Hey, just wait for a while and stay calm, not having a panic attack.
Everyone is also waiting for the halving, because it is possible that after the halving the price of bitcoin will rise and for those who have bought bitcoin when it is up they will get bigger profits than others. I am one of those people who is waiting for the halving and of course waiting for the bullish season
For us, this halving is the moment we have been waiting for because usually looking at the history of bitcoin, after the halving we will reach a new ATH which is something we are really waiting for.
In fact, we have been talking about this halving for a long time, it proves our concern for the halving which we have been waiting for for a long time. I think we have the same feelings about this halving.
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How is everyone else preparing for the halving?
I personally do not care about the halving to be honest even before because I am not a miner myself and I don't have much Bitcoin with me or I don't have extra money to buy during the dip but this something to prepare for as the dip is the best time for everyone to jump-in though we can still buy through DCA if we wanted.
After the halving, the price of Bitcoin is seen to increase slightly. The same seems to be happening this time too. After the halving, the price of Bitcoin increased slightly. But there is no guarantee that the price will increase. I don't care for halving either. It is always a good time to invest in Bitcoin if one wants to invest for the long term. So waiting for halving is foolish
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Honestly? As for me, everyone expects the price to go up and so on. And as practice has shown, if users expect anything = it doesn't happen. Therefore, I would not overestimate expectations, so as not to be disappointed. What will be will be, time will tell.
P.S. Undoubtedly this is a significant date, I won't argue here. But last time (during the halving) a couple of years ago, similarly, everyone expected a miracle, which did not happen. On the chart, nothing particularly interesting happened. :o
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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.
I don't think the traders benefit directly from the halving but the fact that the mining rewards was reduced to half, it encourage more investors to invest and then the price increases. This way the traders get benefit from halving. As what we have noticed in the history of Bitcoin, right after the halving the new ATH will happen and this what traders are waiting for.
I think most of us knew about the explosion of prices in the crypto, so without hesitation everyone is now accumulating Bitcoin and alts.
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After the halving, the price of Bitcoin is seen to increase slightly. The same seems to be happening this time too. After the halving, the price of Bitcoin increased slightly. But there is no guarantee that the price will increase. I don't care for halving either. It is always a good time to invest in Bitcoin if one wants to invest for the long term. So waiting for halving is foolish
Hopefully this halving will increase the price of Bitcoin until the end of the year and provide a signal for a bull run which usually occurs one year after the halving occurs. Bitcoin and Ethereum have good news coming from China, so I'm sure something very interesting will happen in the next bitcoin price movement.
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Halving is still important, if bitcoin never had a halving we would not see a bullish season after the halving. When miners' rewards are cut, supply is limited and the price of bitcoin rises. Maybe some people say it doesn't affect him, maybe he doesn't follow the 4 year cycle
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Halving is still important, if bitcoin never had a halving we would not see a bullish season after the halving. When miners' rewards are cut, supply is limited and the price of bitcoin rises. Maybe some people say it doesn't affect him, maybe he doesn't follow the 4 year cycle
With the halving, it will have an important influence on the price of bitcoin, as you can see the movement of bitcoin prices from 2009 until now which has increased very sharply is due to the halving which ultimately makes the price of bitcoin always increase from year to year because it will be increasingly difficult to earn bitcoins.
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Halving is still important, if bitcoin never had a halving we would not see a bullish season after the halving. When miners' rewards are cut, supply is limited and the price of bitcoin rises. Maybe some people say it doesn't affect him, maybe he doesn't follow the 4 year cycle
With the halving, it will have an important influence on the price of bitcoin, as you can see the movement of bitcoin prices from 2009 until now which has increased very sharply is due to the halving which ultimately makes the price of bitcoin always increase from year to year because it will be increasingly difficult to earn bitcoins.
That's right, halving is very important, because with limited supply the price of bitcoin will rise. We have also seen halving several times, and this halving is a little different from before because bitcoin reached ATH before the halving, hopefully bitcoin will reach ATH again after the halving
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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.
I don't know, but I don't see anything significant benefit of the halving towards the crypto traders.
What they care more is their profits in every position they make. They don't care about the halving event... or they might be, but they are focusing more on the trading and the profits that they can make.
When the halving event, I didn't prepare for anything. Heck, I was sleeping when the Bitcoin halving event happens. It's because I already saw it happen once in 2020, and nothing different happened at that time, and I expected the same this time. If you're a miner then you will feel the decrease in profit for sure, but for an average investor like me, I didn't feel it because I'm focusing more on accumulating Bitcoins.
I'm not saying that we should not care about the halving, but the effect of the event will not be felt until a few months after through the price of Bitcoin gradually increasing.
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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.
I don't know, but I don't see anything significant benefit of the halving towards the crypto traders.
What they care more is their profits in every position they make. They don't care about the halving event... or they might be, but they are focusing more on the trading and the profits that they can make.
When the halving event, I didn't prepare for anything. Heck, I was sleeping when the Bitcoin halving event happens. It's because I already saw it happen once in 2020, and nothing different happened at that time, and I expected the same this time. If you're a miner then you will feel the decrease in profit for sure, but for an average investor like me, I didn't feel it because I'm focusing more on accumulating Bitcoins.
I'm not saying that we should not care about the halving, but the effect of the event will not be felt until a few months after through the price of Bitcoin gradually increasing.
For a trader like you who has experienced Bitcoin halving events several times, this doesn't have much of an impact. because your target is to make a profit in every business you do. but for investors who hold for the long term, bitcoin halving is an important thing because they hope that after the halving they will see the top ATH of bitcoin.
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For a trader like you who has experienced Bitcoin halving events several times, this doesn't have much of an impact. because your target is to make a profit in every business you do. but for investors who hold for the long term, bitcoin halving is an important thing because they hope that after the halving they will see the top ATH of bitcoin.
Exactly, with the bitcoin halving, it provides an opportunity for investors to enjoy an increase in the price of bitcoin, because basically halving means cutting the income of miners who make bitcoin more difficult so that the bitcoin they get will be less and the price will become expensive.
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For a trader like you who has experienced Bitcoin halving events several times, this doesn't have much of an impact. because your target is to make a profit in every business you do. but for investors who hold for the long term, bitcoin halving is an important thing because they hope that after the halving they will see the top ATH of bitcoin.
Exactly, with the bitcoin halving, it provides an opportunity for investors to enjoy an increase in the price of bitcoin, because basically halving means cutting the income of miners who make bitcoin more difficult so that the bitcoin they get will be less and the price will become expensive.
but in fact the price of bitcoin after the halving actually fell. Even though in theory bitcoin halving means miners' rewards are cut in half so supply is limited, this will cause the price of bitcoin to rise. If demand remains or is higher. This means that the price of bitcoin is falling, meaning demand is decreasing. That's according to my analysis. But maybe otehr have own analysis..
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but in fact the price of bitcoin after the halving actually fell. Even though in theory bitcoin halving means miners' rewards are cut in half so supply is limited, this will cause the price of bitcoin to rise. If demand remains or is higher. This means that the price of bitcoin is falling, meaning demand is decreasing. That's according to my analysis. But maybe otehr have own analysis..
If you look at the previous ATH, the new ATH is caused not only by demand and supply, but the most important thing is the whales' actions to control the market. Yes, market manipulation really depends on the amount of assets available, the bigger the money being traded, the more likely they are to succeed in making prices appear to rise sharply. Market manipulation actually creates public demand thanks to the push of news or whatever that makes some whales or retail investors want to buy Bitcoin. However, the largest percentage is still held by whales.
Stay patient and watch them play the market, if the bullish time comes, it's also your time to prepare to sell BTC to get cash for those who love profits.
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Halving is still important, if bitcoin never had a halving we would not see a bullish season after the halving. When miners' rewards are cut, supply is limited and the price of bitcoin rises. Maybe some people say it doesn't affect him, maybe he doesn't follow the 4 year cycle
Satoshi carefully planned bitcoin well, ranging from ;
The method of securing the network;
The incentive and it's halving;
PoW;
Avoidance of double spending;
And lots more.
Satoshi is a genius. And everything he planned and implemented for bitcoin has one way or the other to affect the bitcoin price and Bitcoin network. We shouldn't underrate the power of halving.
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t, halving is very important, because with limited supply the price of bitcoin will rise. We have also seen halving several times, and this halving is a little different from before because bitcoin reached ATH before the halving, hopefully bitcoin will reach ATH again after the halving
At the moment, Bitcoin is growing only because of speculative growth, emission is decreasing, although it is not decreasing, it is simply not increasing, in fact, the number of bitcoins mined is already more than 90%, this is already enough to say that further bitcoin will not depend on miners and not on reducing the difficulty of mining, So let's look at how large investors behave and follow them
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At the moment, Bitcoin is growing only because of speculative growth, emission is decreasing, although it is not decreasing, it is simply not increasing, in fact, the number of bitcoins mined is already more than 90%, this is already enough to say that further bitcoin will not depend on miners and not on reducing the difficulty of mining, So let's look at how large investors behave and follow them
Yes, the only thing is that it will take over 100 years to mine the remaining small portion of Bitcoin's emissions. Besides, this and future halvings will still have an impact on the BTC price. At least because after each halving the cost of mining one bitcoin will increase significantly. So, I wouldn't say that Bitcoin won't depend on miners in the future.
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In fact, there is no compulsion to make everyone care about the Bitcoin Halving event,... but based on the history of Bitcoin Halving that has occurred, we have encountered a bullish market movement which has caused many holders to gain large profits in a short time. The price pump occurred after the halving... and it clearly made many people experience an increase in their portfolio.
So... anyone has the choice to care or not care about the Bitcoin Halving... and because I want to take advantage of this moment to gain greater profits, I decided to care about the 2024 Bitcoin halving moment this time.
Yeah maybe it will only serves as an indicator of something like an accumulation period for holders. For serious investors I think halving has significance but for us who can do nothing about the event I think we just don't mind it.
me too, I also like serious investors because I observed that the halving this time also didn't have any effect, I'm just waiting for the market to improve again. I want to try trading or investing in the short term but the market is not good, so it's better if I wait while enjoying a cup of coffee
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At the moment, Bitcoin is growing only because of speculative growth, emission is decreasing, although it is not decreasing, it is simply not increasing, in fact, the number of bitcoins mined is already more than 90%, this is already enough to say that further bitcoin will not depend on miners and not on reducing the difficulty of mining, So let's look at how large investors behave and follow them
Yes, the only thing is that it will take over 100 years to mine the remaining small portion of Bitcoin's emissions. Besides, this and future halvings will still have an impact on the BTC price. At least because after each halving the cost of mining one bitcoin will increase significantly. So, I wouldn't say that Bitcoin won't depend on miners in the future.
The last bitcoins will be mined in just 16 years in 2040, you probably miscalculated it’s just summer because this is the first time I’ve heard about this, I knew that Bitcoin would be mined for about 30 years, we’re just years and this is the first time I’ve heard
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me too, I also like serious investors because I observed that the halving this time also didn't have any effect, I'm just waiting for the market to improve again. I want to try trading or investing in the short term but the market is not good, so it's better if I wait while enjoying a cup of coffee
HODLing has always been considered the best option when investing in Bitcoin, maybe with other altcoins it's safe to trade and maximise good profits from them, but with Bitcoin? It's more riskier trading with Bitcoin due to it's high volatility. Bitcoin price can't be easily manipulated like several other altcoins which makes it a risky asset to trade on.
HODLing has always been the best technique, rather than gambling with your bitcoin, why not just grab a cup of coffee and wait...
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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?
Well, good thing you used you used the word "generally", for this makes answering the question a bit more easier 😅.
The thing is, the scarcier bitcoin is or becomes, the more volatile the market becomes with every buy and sell trade that is executed, and you and I know that, the more volatile the market is, the more it becomes profitable for traders, that is, It becomes easier for traders to trade and make profit in the shortest period of time.
And it doesnt end at the above, scarcity also improves or increases the value of an asset when demand for that asset grows.
So, we can say that, with less number of bitcoins entering circulation on daily basis as a result of the halving, there is the chances that the price of bitcoin will grow significantly from its current levels when more demand for it appears.
I hope this is clear enough.
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The last bitcoins will be mined in just 16 years in 2040, you probably miscalculated it’s just summer because this is the first time I’ve heard about this, I knew that Bitcoin would be mined for about 30 years, we’re just years and this is the first time I’ve heard
I don't know where you got the idea that the last Bitcoins will be mined in 2040, but that is definitely not true. Bitcoin will only have 32 halvings in its history, and we are only at the beginning of this journey, as only 4 of these 32 halvings have been completed. By the way, there will only be the 8th halving completed in 2040, and the reward per block will be 0.1953125 BTC. By then, there will still be 41k Bitcoins that miners will have to mine just for the next 100 years.
Here's a table to illustrate:
(https://i.ibb.co/NsRKd2G/1.png)
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People have different definitions of halving. There are others who, when there is a halving, think that the price of Bitcoin is already high. However, the design of the halving is not like that.
Personally, even if the halving is still far away, if I believe that there is a potential crypto, I will immediately dca it until the halving comes and the bull run enters. In short, I don't care about halving, although I knew it happened every 4 years.
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Obviously Bitcoin halving is big event for bitcoin history. After bitcoin 4th halving Bitcoin block reword for mainers reduced before halving bitcoin block reword was 6.25 btc now block reword 3.125 so now mining speech decreased.
So i think after running bitcoin price correction, bitcoin price will increase again. Because we know about supply and demand. So bitcoin price will increase there has no doubt.
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Obviously Bitcoin halving is big event for bitcoin history. After bitcoin 4th halving Bitcoin block reword for mainers reduced before halving bitcoin block reword was 6.25 btc now block reword 3.125 so now mining speech decreased.
So i think after running bitcoin price correction, bitcoin price will increase again. Because we know about supply and demand. So bitcoin price will increase there has no doubt.
In fact, there is an argument that halving no longer has a truly significant impact on BTC price volatility: compared to before halving, we will have 3.125 fewer BTC per block or 450 BTC per day. Compared to over 19M BTC in total circulating supply, this number is not really large and has a limited impact on the price of all BTC on the market. This was also mentioned in 2020 and caused some market anxiety, but the truth is that BTC price continued to rise sharply after the halving due to many drivers.
In this cycle, the story will continue in this way. Halving not only creates a rise in scarcity but is also a time milestone that attracts investor attention. BTC Spot ETFs and its positive impacts are supporting the growth of BTC price, I believe this will be an important driver for us to have an ATH of BTC over $100K in this bullrun.
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In fact, there is no compulsion to make everyone care about the Bitcoin Halving event,... but based on the history of Bitcoin Halving that has occurred, we have encountered a bullish market movement which has caused many holders to gain large profits in a short time. The price pump occurred after the halving... and it clearly made many people experience an increase in their portfolio.
So... anyone has the choice to care or not care about the Bitcoin Halving... and because I want to take advantage of this moment to gain greater profits, I decided to care about the 2024 Bitcoin halving moment this time.
Yeah maybe it will only serves as an indicator of something like an accumulation period for holders. For serious investors I think halving has significance but for us who can do nothing about the event I think we just don't mind it.
In fact, halving is always important for those who have bought bitcoin during the bearish period, to determine what price Bitcoin will reach after the halving. I myself am waiting for the halving because, I planned to buy bitcoin and several altcoins when it experienced a correction and I have done it here, bought solana and BNB
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The last bitcoins will be mined in just 16 years in 2040, you probably miscalculated it’s just summer because this is the first time I’ve heard about this, I knew that Bitcoin would be mined for about 30 years, we’re just years and this is the first time I’ve heard
I don't know where you got the idea that the last Bitcoins will be mined in 2040, but that is definitely not true. Bitcoin will only have 32 halvings in its history, and we are only at the beginning of this journey, as only 4 of these 32 halvings have been completed. By the way, there will only be the 8th halving completed in 2040, and the reward per block will be 0.1953125 BTC. By then, there will still be 41k Bitcoins that miners will have to mine just for the next 100 years.
Maybe I’m wrong somewhere, but this information is in the public domain, even if I agree with you, I can cite as an example the fact that very few bitcoins are already being mined because more than 90% of them have already been mined, you yourself wrote that in the forties there will be, yes there will be only a small, very small part of bitcoins, I will not mine only if the bitcoins are already betting several million dollars, but will you have such a price for Bitcoin?
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Maybe I’m wrong somewhere, but this information is in the public domain, even if I agree with you, I can cite as an example the fact that very few bitcoins are already being mined because more than 90% of them have already been mined, you yourself wrote that in the forties there will be, yes there will be only a small, very small part of bitcoins, I will not mine only if the bitcoins are already betting several million dollars, but will you have such a price for Bitcoin?
If we look at the BTC price after the previous halvings, we can see that the difference was huge each time. Now, it's even hard to imagine the BTC price in 2040 and beyond. I'm not sure if the BTC price may be a few million by then, but a few hundred thousand dollars for sure it will be. By the way, if BTC reaches ~$800k, it will equal the gold by market cap.
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Bitcoin price huge correction after halving and I think need to get more attention how important with halving, every halving moment always get opportunity how bitcoin price increasing and this time halving success make bitcoin up significant after dropping under $20k and success make new higher price $73k.
Beside halving each four year but can bring more significant impact how bitcoin easily raise up, many people know about bitcoin when halving moment because most of influencer always promote bitcoin and cryptocurrency during halving moment. Need other moment more bigger than halving and make bitcoin keep raise up.
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Bitcoin halving is complete and during this season of halving many investors took different decisions about their investments. There are many investors who sold their investments due to fear of further losses and there are some investors who held on to their investments. If I talk about my plan this halving season I would say this season I held my investment and I trusted the market. The market did not disappoint me as much as I had faith in the market although there was some dumping in the market but I accepted this dumping as such pumping and dumping is a very normal thing in investment. I hope that I can properly implement the plan that I stocked and kept bitcoins during this halving season.
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Bitcoin halving is complete and during this season of halving many investors took different decisions about their investments. There are many investors who sold their investments due to fear of further losses and there are some investors who held on to their investments. If I talk about my plan this halving season I would say this season I held my investment and I trusted the market. The market did not disappoint me as much as I had faith in the market although there was some dumping in the market but I accepted this dumping as such pumping and dumping is a very normal thing in investment. I hope that I can properly implement the plan that I stocked and kept bitcoins during this halving season.
I am also still holding my bitcoin and some altcoins at the moment, although I also sold some of my bitcoin when it hit the new ATH at $73K. There are many strategies and decisions that we should be able to take in conditions like this, but it all depends on what decision you choose, hold or sell, the risk is yours.
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Maybe I’m wrong somewhere, but this information is in the public domain, even if I agree with you, I can cite as an example the fact that very few bitcoins are already being mined because more than 90% of them have already been mined, you yourself wrote that in the forties there will be, yes there will be only a small, very small part of bitcoins, I will not mine only if the bitcoins are already betting several million dollars, but will you have such a price for Bitcoin?
If we look at the BTC price after the previous halvings, we can see that the difference was huge each time. Now, it's even hard to imagine the BTC price in 2040 and beyond. I'm not sure if the BTC price may be a few million by then, but a few hundred thousand dollars for sure it will be. By the way, if BTC reaches ~$800k, it will equal the gold by market cap.
Everything is possible, I won’t argue about this, because if Bitcoin does not disappear, if no one needs it, then the price of mine will in any case rise to a certain value. But this value can only be determined by players in the market; if no one needs it, then Bitcoin is growing and no mining or anything else will help.