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The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?
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Your thread is different from the title. It should be impact of halving in the market not in Bitcoin halving. The impact of am to answer your title is that it reduces the amount of BTC that can be mined per block thus increasing the cost of mining. Now this increment in cost and reduction in quantity that can be produced is what brings about the notion of this massive bull Run. The belief is buying Now is way cheaper than buying later since the supply is getting smaller and smaller.
Well in coming years(give or take let's say the next 20-50 years ) halving effect wouldn't be this over excited over.
In a nutshell, the reduction in the number of Btc that can be mined is what makes it more appealing to investors thus price rising.
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For this year's bull run the main triggers are two things: the recent approval of ETFs and the soon-to-happen halving and if you noticed it already both events are centering on demand. ETFs for sure are the huge driving force for the demand of Bitcoin and with halving there will be 50% reduction on what can be mined by miners which mean there can be lesser supply. And with more demand and lesser supply, we can expect that BTC's price will increase exponentially with some predicting that it can soon be $150K before the end of the year and even more. Well, I am saying that aware that nobody can really be sure of what can be as we are all just speculating here making BTC one of the most speculative assets of all time.
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For this year's bull run the main triggers are two things: the recent approval of ETFs and the soon-to-happen halving and if you noticed it already both events are centering on demand. ETFs for sure are the huge driving force for the demand of Bitcoin and with halving there will be 50% reduction on what can be mined by miners which mean there can be lesser supply. And with more demand and lesser supply, we can expect that BTC's price will increase exponentially with some predicting that it can soon be $150K before the end of the year and even more. Well, I am saying that aware that nobody can really be sure of what can be as we are all just speculating here making BTC one of the most speculative assets of all time.
The bitcoin ETF was very influential in the high demand for bitcoin this year until the price of bitcoin touched a new ATH of $73K. This is very good for bitcoin holders who have bought in late 2022 and early 2023. They are already making a profit. With the halving where the reward miners only get 50%, with high demand it can be predicted that the price of bitcoin will rise. And likely over $100K later this year.
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Your subject talks about halving and BTC mining, but not once did you mention or talk about that in the content of your post.
Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?
The BTC halving is not marketing, it is part of the BTC protocol, mining reward is halved after every 210,000 blocks, until the 21m BTC's have been mined, it has nothing to do with marketing. The only reason why many people get interested in periods like this is because supply is halved and with the same or higher demand, the price will surge, which will help them make returns on the BTC's they bought.
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Your subject talks about halving and BTC mining, but not once did you mention or talk about that in the content of your post.
Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?
The BTC halving is not marketing, it is part of the BTC protocol
Bitcoin is Bitcoin and Bitcoin halving is an event.
Fortunately, with each Bitcoin halving event, months before and after a halving, there will be a lot of noise on media and social media which can be considered as 'free' marketing for Bitcoin.
No budget has to spend for this 'free' marketing which surely is helpful for Bitcoin. More noise, more exposure on media, more people know about Bitcoin, and with its bull run, new people with new capital will join this market. It's what happened with past three halvings and past three market cycles.
Will this time be different? No.
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~snip~
Will this time be different? No.
What is certainly different is that the ATH happened before the halving, but also that the last absolute bottom went so low that it broke even the previous ATH from 2017. Of course, all this happened for a reason (Do Kwon, Bankman, spot ETFs), but it shows that you should always count on something unforeseen.
As for the impact of halving on miners/mining, I think that some of them will possibly give up (at least temporarily) because it will not be profitable for them to mine considering that the reward will be reduced by 50%, and some posts I have read from people who are a little more familiar with mining say that the current price + new reward are not very profitable. However, a little more than 1.3 million BTC are available for mining and the interest will surely be high for years to come.
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Bitcoin is Bitcoin and Bitcoin halving is an event.
I don't really know what fact i said you are disputing, BTC halving is an inclusion in the BTC protocol, which halves the BTC supply after every 210,000 blocks. It may be an 'event' to bitcoiners, but it does not change the points i made in my previous reply.
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The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?
First we need to know that Bitcoin halving is If we try to find the meaning of halving then it means half. In cryptocurrency parlance, specifically when Bitcoin's block reward halves, it's called the Bitcoin Halving, and it happens every four years. As a result of bitcoin halving, the reward decreases, miners have to sell bitcoins to run its mining cost and in this case the market is impacted and we see bull season. Now coming to your question how long it will last in the market. Bitcoin's mining protocol is setup from the beginning in such a way that as long as the number of miners increases, the miners have to face difficulties in mining and this is only for halving. And if we look at the full mining of 21 million bitcoins, it will take 2140 years to estimate the ratio of this website. Now no one can tell about the future but crypto currency is a revolution hopefully it will be bigger in future.
(https://river.com/learn/images/articles/Bitcoin-Halving-Schedule.png) (https://river.com/learn/what-will-happen-after-all-bitcoin-mined/#:~:text=After%20all%2021%20million%20bitcoin,portion%20of%20the%20block%20reward.)
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The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?
If we look at the history of bitcoin prices after having in 2016, bitcoin prices rising high 6 months after the halving.
And in 2020 halving, the prices rising high 12 months after the halving.
So, the hype from this halving might last until next year.
And another supporting factor is that after the halving, bitcoins supply from the miners will be less, if the demand remains the same or even more =the price up
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A bull market is still possible after the halving.
Your topic is different from your post. In your topic, you were talking about impact of halving on bitcoin mining and not bitcoin price but in your post you talked about effect of halving on bitcoin price. You can see how different they both are. If you are talking about the effect on the price, bull run is still coming till 2025.
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The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
When the Bitcoin halving happens, the demand for Bitcoin will automatically increase at the price of Bitcoin will continue to increase. It is not known exactly how long the Bitcoin price will increase after the halving. We may see post-halving effects in the next year or so. Miners currently get 6.25 as block reward at this halving of bitcoins from each block and after this halving their block reward will be 3.125. When miners' block rewards decrease, ultimately they will try to hold on to their bitcoins and the price of bitcoins will continue to rise.
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Impact of Halving on Bitcoin Mining
The topic really sounded like something we were supposed to learn from, but it turns out to be a topic where everyone has to share their own opinion. Next time, you should try relating things to give them proper meaning.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?
You are not far from the truth, but I doubt if there is a possibility that Bitcoin would break its all-time high twice in the same calendar year. The spot Bitcoin ETF approval was the catalyst that propelled this new all-time high and current uptrend, though we never saw this coming in the first to second week after approval. With this previous activity that had a massive impact on the price of Bitcoin, the impact of halving would be in doubt. The price might continue the same way or might even experience a downtrend. There is clear uncertainty for this year's halving.
So, the hype from this halving might last until next year.
This hype might not even have any effect if the real market makers don't perform certain actions. Due to the fact that we've witnessed a new all time high before halving, history might find it very difficult in repeating itself.
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Will this time be different? No.
Something I like about this confident answer, the media nowadays really need money, they have to present news that has a big impact on the world, especially the economy... and the Bitcoin halving is really there. Currently, I still believe that the previous 3x halving cycle will occur again in this fourth halving. I think many people are preparing to welcome the halving this time, that's why I myself shouldn't miss this precious moment.
Then the media wants to take advantage of this condition as a traffic generator for themselves to make money for them too. A win win solution that has a good impact on all elements involved in the Bitcoin halving.
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The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?
Let's just say that the halving marketing does last atleast, until the halving happens, and it's all over, then after that, the bull run sets in and another round of marketing starts again, and this time, no longer about the halving, but about the bull run itself, a lot of people are going to be posting, tweeting, creating contents, with predictions on what price they expect bitcoin to reach and stamp as a new all time high before it starts dropping, this is also a very good marketing for the bull run since it causes panic and fomo amongst alot of crypto people, and majorly those who are new to the crypto currency ecosystem, every one will want to have a slice of the cake, causing them all to pour in money and the price rises even further and further.
And again, it's important we all know that the coming halving won't act or be the catalyst that will trigger the coming bull run, we have alot of good stuffs already, and other good stuffs are coming as well, by good stuffs, I mean good news, news that creates strong fomo and bullish sentiments, all this are gonna act as the catalyst that will power the coming bull run.
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Will this time be different? No.
Something I like about this confident answer, the media nowadays really need money, they have to present news that has a big impact on the world, especially the economy... and the Bitcoin halving is really there. Currently, I still believe that the previous 3x halving cycle will occur again in this fourth halving. I think many people are preparing to welcome the halving this time, that's why I myself shouldn't miss this precious moment.
Then the media wants to take advantage of this condition as a traffic generator for themselves to make money for them too. A win win solution that has a good impact on all elements involved in the Bitcoin halving.
There are few crypto media outlets are there and mainstream media is controlled by the rich and governments who are anti bitcoiners so I don't think the media will be looking at the halving event as an opportunity to make money and in fact if they do the opposite they can get close with influences people.
To OP, even we have most of the coins are in circulation this event is will create attention among the community which will enough to induce the bull run.
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Will this time be different? No.
Something I like about this confident answer, the media nowadays really need money, they have to present news that has a big impact on the world, especially the economy... and the Bitcoin halving is really there. Currently, I still believe that the previous 3x halving cycle will occur again in this fourth halving. I think many people are preparing to welcome the halving this time, that's why I myself shouldn't miss this precious moment.
Then the media wants to take advantage of this condition as a traffic generator for themselves to make money for them too. A win win solution that has a good impact on all elements involved in the Bitcoin halving.
There are few crypto media outlets are there and mainstream media is controlled by the rich and governments who are anti bitcoiners so I don't think the media will be looking at the halving event as an opportunity to make money and in fact if they do the opposite they can get close with influences people.
To OP, even we have most of the coins are in circulation this event is will create attention among the community which will enough to induce the bull run.
Halving is still good material for the media to expose, because they need readers who consume the news. Currently there is still a lot of media discussing the halving and of course about bitcoin.
This includes members here also waiting for the halving moment to be able to estimate the selling targets for the bitcoin and altcoins they hold
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The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?
Compared to previous halvings, the actual impact of halving on the supply and scarcity of BTC is not really significant. On the contrary, it can still create a supply shock by stimulating buying pressure from the market through the narrative of doubling scarcity, or it can be called a market psychological impact. I still believe that Halving is a milestone that a new cycle has started and we can focus on bullrun instead of worrying about new lower lows. After halving, investor sentiment will become more comfortable and FOMO, we will head towards new ATH of the whole cycle.
In addition, the financial market has a 4-year cycle, and halving also occurs every 4 years. This could be Satoshi's calculation for BTC to fluctuate in tune with the economy, similar to other assets. The role of halving is not only to increase the scarcity of BTC, but also to keep the pace of growth for the entire crypto market.
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The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?
Compared to previous halvings, the actual impact of halving on the supply and scarcity of BTC is not really significant. On the contrary, it can still create a supply shock by stimulating buying pressure from the market through the narrative of doubling scarcity, or it can be called a market psychological impact. I still believe that Halving is a milestone that a new cycle has started and we can focus on bullrun instead of worrying about new lower lows. After halving, investor sentiment will become more comfortable and FOMO, we will head towards new ATH of the whole cycle.
In addition, the financial market has a 4-year cycle, and halving also occurs every 4 years. This could be Satoshi's calculation for BTC to fluctuate in tune with the economy, similar to other assets. The role of halving is not only to increase the scarcity of BTC, but also to keep the pace of growth for the entire crypto market.
Sathosi may have predicted all this, about the 4 year cyclical, which is the most likely time to pump bitcoin to reach a new ATH and altcoins will follow suit. Sathosi is an intelligent figure, he has thought deeply about the future of Bitcoin and Crypto. Although we will never know, who is Sathosi Nakamoto
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The Bitcoin halving which will happen in few days time will not only result in a 50% reduction in the miners' reward, it will also result to a reduction in what the miners can mine. This means, we should anticipate more Bitcoin Scarcity after the halving as there would be very low supply compared to the high demand for Bitcoin and this will also mean an increase in the value of Bitcoin (Bitcoin price increase). If there is anyone wishing to buy Bitcoins, this is obviously the right time to buy Bitcoins as the chances of buying at a fair price after the halving are very slim.
While Miners will be earning lesser from mining rewards, all focus would be on the Bitcoin transaction fees to compensate for the reduction in the miners' rewards. We just hope that transaction fees will be favourable so we can enjoy Bitcoin better.
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The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?
I can't agree more with you, adoption is the big factor that drives the price of BTC as its price influenced by demand and supply, so if there is more demand then price will increase, same wise if the supply will be shortened the price will increase too. So overall i would add that halving have a big impact on the price of BTC, even if the adoption is increasing, halved amount will increase the adoption and demand. Which will impact the price in positive way.
I still believe that bull run is yet to come, and we will see BTC at $100k in the upcoming bull run many predicts it will achieve this target in the first quarter of 2025. Plus I won't call this a marketing scheme because its not a product of a single dude or organization. But yeah a group of people having huge amount of BTC can actually market it by playing with the minds of investors to make them bad move.
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The biggest one always ends up being that older miner equipment get disconnected because they are not as efficient and do not bring profit after a certain threshold. Of course depends on the electricity rate and all that too, but it is the most obvious result. When you have a machine that is 5+ years old, that is ancient in the crypto mining world which is why it will probably get disconnected. I also assume most mining machine companies will provide a new and better one after the halving as well, waiting for that to happen in order to maximize their profit.
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In the ≈ 8 days before the BTC halving, 94% of all possible coins have been mined - the remaining BTCs will be coming into existence at an increasingly slow pace for ≈100 years.
Arthur Hayes in turn warned that the market could experience a lot of volatility before and after the next halving.
(https://i.ibb.co/7YYvdDT/photo-2024-04-09-13-12-33.jpg)
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The Bitcoin halving which will happen in few days time will not only result in a 50% reduction in the miners' reward, it will also result to a reduction in what the miners can mine. This means, we should anticipate more Bitcoin Scarcity after the halving as there would be very low supply compared to the high demand for Bitcoin and this will also mean an increase in the value of Bitcoin (Bitcoin price increase). If there is anyone wishing to buy Bitcoins, this is obviously the right time to buy Bitcoins as the chances of buying at a fair price after the halving are very slim.
While Miners will be earning lesser from mining rewards, all focus would be on the Bitcoin transaction fees to compensate for the reduction in the miners' rewards. We just hope that transaction fees will be favourable so we can enjoy Bitcoin better.
Yes, it's possible that after the halving the price of bitcoin will rise again and maybe touch a new ATH, if you want to buy it's best to do it before the halving. because we know that during the halving the miner's reward will be cut in half so the supply of bitcoin will be limited, and high demand will make the price of bitcoin soar, we all know that because this is a 4 year cycle.
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Arthur Hayes in turn warned that the market could experience a lot of volatility before and after the next halving.
Although that's not a hint at all but that's what Bitcoin is natural for. We knew it that volatility is permanent on it so whether we'd go for the halving or after that, volatility shall remain no matter what the situation of the market is. He doesn't want to give the hint but I am more absorbing this as a positive thing that if he means "a lot" then the limit of this bull run after the halving is literally the sky for its peak.
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Arthur Hayes in turn warned that the market could experience a lot of volatility before and after the next halving.
Although that's not a hint at all but that's what Bitcoin is natural for. We knew it that volatility is permanent on it so whether we'd go for the halving or after that, volatility shall remain no matter what the situation of the market is. He doesn't want to give the hint but I am more absorbing this as a positive thing that if he means "a lot" then the limit of this bull run after the halving is literally the sky for its peak.
The basic nature of bitcoin is high volatility. If we talk about bitcoin volatility, this will exist both before and after the halving, because this volatile nature allows lovers to seek profits from the increase and decrease in the price of bitcoin.
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For this year's bull run the main triggers are two things: the recent approval of ETFs and the soon-to-happen halving and if you noticed it already both events are centering on demand. ETFs for sure are the huge driving force for the demand of Bitcoin and with halving there will be 50% reduction on what can be mined by miners which mean there can be lesser supply. And with more demand and lesser supply, we can expect that BTC's price will increase exponentially with some predicting that it can soon be $150K before the end of the year and even more. Well, I am saying that aware that nobody can really be sure of what can be as we are all just speculating here making BTC one of the most speculative assets of all time.
The bitcoin ETF was very influential in the high demand for bitcoin this year until the price of bitcoin touched a new ATH of $73K. This is very good for bitcoin holders who have bought in late 2022 and early 2023. They are already making a profit. With the halving where the reward miners only get 50%, with high demand it can be predicted that the price of bitcoin will rise. And likely over $100K later this year.
Indeed, the approval of the Bitcoin Spot ETF has done its own part of catapulting bitcoin price towards attaining a new ATH, just as many speculated and now there are also many speculations and optimism from investors and also market analyst ls hovering around the upcoming halving.
Although it's not yet certain just how much Bitcoin price will rise but one thing is for sure that the price of bitcoin will surely its current ATH and head for a much more greater height.
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I felt like Bitcoins have consolidated for a while and there are not many signals that could support another huge rise with the halving coming. It's just my feelings when I look back to see what bitcoins performed in the past two months.
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The basic nature of bitcoin is high volatility. If we talk about bitcoin volatility, this will exist both before and after the halving, because this volatile nature allows lovers to seek profits from the increase and decrease in the price of bitcoin.
I think the opposite is exactly the case. Over time, the profitability will drop significantly (not only for miners), everything is going towards that. Yes, perhaps it will not be in 5-10 years, but in the distant future, it will be much more difficult for traders to get 40%-200% of income for 1 transaction, as it is happening at the moment.
P.S. Again, as long as the market gives an opportunity to earn - you should act. And only after a while it will be clear what's what. It's too early to draw any conclusions and since. 8)
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Bitcoin halving certainly has a considerable impact on the activities of investors and miners. However, when the price of bitcoin is halved, usually miners are more focused on mining bitcoins because they are never willing to sell bitcoins at a lower price or at a loss. This time of the year is when miners give their full attention to mining and when the market price is high, usually these miners sell all their bitcoins. It is certainly better to wait a while and sell at a higher price than to sell bitcoins at a loss, and miners usually do that. However, if the price of Bitcoin falls in half, many investors will have the opportunity to invest again, which is definitely a positive thing for new investors.
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The basic nature of bitcoin is high volatility. If we talk about bitcoin volatility, this will exist both before and after the halving, because this volatile nature allows lovers to seek profits from the increase and decrease in the price of bitcoin.
By taking advantage of the very fluctuating bitcoin price movements, we get the opportunity to make quite a large profit. What we need to do is wait for the right time to enter and buy bitcoin at a cheap price when the bearish season occurs.
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The average cost per bitcoin among quoted mining companies now ( after halving ) is approximately $53,000.
P.S. In theory, do you think miners can manipulate the sale of accumulated bitcoins? What do you think about it? Share your thoughts. Did Halving's expectations satisfy you as a user?
(https://i.ibb.co/zZv06xz/photo-2024-04-22-13-38-29.jpg)
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Two days ago, it was reported in a crypto related financial news outlet that the Bitcoin halving have officially occured and since I read the report, I've been seeing so many people who basically do not understand what Bitcoin halving is all about trying to invest in Bitcoin because they were basically told that after the halving, the price of Bitcoin is going appreciate significantly. The Bitcoin halving primarily slashes the incentives miners gets as rewards and occurs every four years. So with the halving, the issuance of Bitcoin is going to slow down which as a result will create scarcity effect of Bitcoin in the blockchain. Now that the scarcity effect is created the price of Bitcoin will definitely rise as long as the demand of Bitcoin remains the same or climbs faster than the supply
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The basic nature of bitcoin is high volatility. If we talk about bitcoin volatility, this will exist both before and after the halving, because this volatile nature allows lovers to seek profits from the increase and decrease in the price of bitcoin.
By taking advantage of the very fluctuating bitcoin price movements, we get the opportunity to make quite a large profit. What we need to do is wait for the right time to enter and buy bitcoin at a cheap price when the bearish season occurs.
It seems like it's been too long to wait for bitcoin to collapse, currently the price of bitcoin is still remaining at a high price, there is no bad news that has succeeded in making the price of bitcoin fall deeper. So it's better if you want to make a purchase in bitcoin, you can do it now and don't have to wait any longer.
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If I base my post on the topic OP made, after the bitcoin halving, the impact it had on the bitcoin fee transaction was actually not good. I know many people complain about the transaction being so expensive that it reaches the amount of $300, and that is a crazy charge for a miner.
If that's the case, there will always be problems due to network traffic. And the bitcoin developers will not make a way to change the system like that. I am pretty sure that bitcoin users will lose a lot in fact and will probably just switch to other cryptocurrencies that also have the potential to rise in the market and are cheap, but the fee is still
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The basic nature of bitcoin is high volatility. If we talk about bitcoin volatility, this will exist both before and after the halving, because this volatile nature allows lovers to seek profits from the increase and decrease in the price of bitcoin.
By taking advantage of the very fluctuating bitcoin price movements, we get the opportunity to make quite a large profit. What we need to do is wait for the right time to enter and buy bitcoin at a cheap price when the bearish season occurs.
It seems like it's been too long to wait for bitcoin to collapse, currently the price of bitcoin is still remaining at a high price, there is no bad news that has succeeded in making the price of bitcoin fall deeper. So it's better if you want to make a purchase in bitcoin, you can do it now and don't have to wait any longer.
You are right, I am also not sure that Bitcoin will collapse this year and early next year, we will only see a correction that will not lead to Bitcoin collapsing. it's best to buy bitcoin or altcoin now and enjoy the party this time, because we will make a profit this year and next year
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If I base my post on the topic OP made, after the bitcoin halving, the impact it had on the bitcoin fee transaction was actually not good. I know many people complain about the transaction being so expensive that it reaches the amount of $300, and that is a crazy charge for a miner.
Right, but it's not because of Bitcoin transaction getting high on the halving itself. It's that there are Runes and then there are individuals who wanted to get their inscriptions on that particular block halving.
If that's the case, there will always be problems due to network traffic. And the bitcoin developers will not make a way to change the system like that. I am pretty sure that bitcoin users will lose a lot in fact and will probably just switch to other cryptocurrencies that also have the potential to rise in the market and are cheap, but the fee is still
We don't have issues in the mempool, at least not this big. 10+ sat/vB is already huge for us before, unlike rightn now it has multiply tremendously to even 1000 or more sat/vB which is not good.
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We don't have issues in the mempool, at least not this big. 10+ sat/vB is already huge for us before, unlike rightn now it has multiply tremendously to even 1000 or more sat/vB which is not good.
The 1k+ sat/vB fee seemed to be only in the first minutes/hours after halving. Now, the minimum fee to include a transaction in the block should be about 190-250 sat/vB, and I think it is still unacceptable for an average user. By the way, the 10 sat/vB fee hasn't been around for a long time, and I would even say that it's a rarity in the Bitcoin network. Most likely, the 30-40 sat/vB fee was more or less acceptable for most users before halving.
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It seems like it's been too long to wait for bitcoin to collapse, currently the price of bitcoin is still remaining at a high price, there is no bad news that has succeeded in making the price of bitcoin fall deeper. So it's better if you want to make a purchase in bitcoin, you can do it now and don't have to wait any longer.
The current price is not so high so one can easily buy and invest in Bitcoin if he has money because halving effects have been initiated which will lead the price to hit all the time higher worth and will go higher than this.
65k$ is not a huge gain but I think this is the positive impact of Bitcoin halving which turns the price a little bit elevated. I think nobody should wait more in order to purchase Bitcoin because the market is going to be greener than present.
The market will not collapse so deep in the current year because the bull season is here due to which there will be a surge and as a result of halving we can get outstanding value if we buy at accurate timing and use our patience to reach our destination.
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Will this time be different? No.
Something I like about this confident answer, the media nowadays really need money, they have to present news that has a big impact on the world, especially the economy... and the Bitcoin halving is really there. Currently, I still believe that the previous 3x halving cycle will occur again in this fourth halving. I think many people are preparing to welcome the halving this time, that's why I myself shouldn't miss this precious moment.
Then the media wants to take advantage of this condition as a traffic generator for themselves to make money for them too. A win win solution that has a good impact on all elements involved in the Bitcoin halving.
The media always takes advantage of important moments in the economic world, Crypto currency is also an important factor for its fans. Bitcoin halving is quite interesting news to discuss. I am part of the people who are waiting for the impact of the bitcoin halving and are still waiting until now, because I see that it has not had a good impact on bitcoin and altcoins
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The media always takes advantage of important moments in the economic world, Crypto currency is also an important factor for its fans. Bitcoin halving is quite interesting news to discuss. I am part of the people who are waiting for the impact of the bitcoin halving and are still waiting until now, because I see that it has not had a good impact on bitcoin and altcoins
Bitcoin halving will always be discussed once every 4 years, if they have passed the halving period then there is nothing interesting anymore, because the next season will definitely be bearish where many coins will collapse. The impact of the halving makes Bitcoin increase due to a cut in the profits from mining Bitcoin, making the price expensive.
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The media always takes advantage of important moments in the economic world, Crypto currency is also an important factor for its fans. Bitcoin halving is quite interesting news to discuss. I am part of the people who are waiting for the impact of the bitcoin halving and are still waiting until now, because I see that it has not had a good impact on bitcoin and altcoins
Bitcoin halving will always be discussed once every 4 years, if they have passed the halving period then there is nothing interesting anymore, because the next season will definitely be bearish where many coins will collapse. The impact of the halving makes Bitcoin increase due to a cut in the profits from mining Bitcoin, making the price expensive.
Because Bitcoin halving is exciting to discuss, that's why the media is discussing it. and after the halving, the media will feel quiet. That's natural, because in a bear season, almost all investors are just waiting to buy the bottom position, and plan to hold it for the long term
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The media always takes advantage of important moments in the economic world, Crypto currency is also an important factor for its fans. Bitcoin halving is quite interesting news to discuss. I am part of the people who are waiting for the impact of the bitcoin halving and are still waiting until now, because I see that it has not had a good impact on bitcoin and altcoins
Bitcoin halving will always be discussed once every 4 years, if they have passed the halving period then there is nothing interesting anymore, because the next season will definitely be bearish where many coins will collapse. The impact of the halving makes Bitcoin increase due to a cut in the profits from mining Bitcoin, making the price expensive.
Because Bitcoin halving is exciting to discuss, that's why the media is discussing it. and after the halving, the media will feel quiet. That's natural, because in a bear season, almost all investors are just waiting to buy the bottom position, and plan to hold it for the long term
Unfortunately, currently the halving has passed quite far and market conditions actually appear to be going down, in fact there is no news that can attract whales or investors to buy bitcoin in large amounts again. If many investors want to buy at a cheap price, that is already a thing. which is normal for them. I'm sure the whales won't let that happen easily because before the price collapses there will definitely be whales who buy quickly.