Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Papusha20 on February 24, 2023, 03:05:08 AM
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Bitcoin halving is going to start from 2024 according to experts. If the Bitcoin halving starts from 2024, then the price of Bitcoin will definitely touch two hundred thousand dollars. So get into Bitcoin as soon as possible should be invested.
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Bitcoin halving is a process where the rewards for mining new blocks are reduced by half every 210,000 blocks. This is to control the supply of bitcoins and to prevent inflation. The most recent halving occurred in May 2020, where the reward was reduced from 12.5 BTC to 6.25 BTC per block.
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There are 13-14 months until the next bitcoin halving, so now I think the lowest price you see, after the halving I expect the price to fix for 100k+
8)
(https://halvingbitcoins.com/images/btc-halving.png)
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Every Bitcoin halving drives a narrative shift and heightened adoption curve for BTC. And the 2024 cycle is probably the most important halving we’ll ever see. It will be a transition point.
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There are 13-14 months until the next bitcoin halving, so now I think the lowest price you see, after the halving I expect the price to fix for 100k+
8)
Bitcoin halving is certainly very important and it is highly likely that BTC will surpass $100,000 in 2024. However, the idea of it remaining at those levels seems unrealistic to me. Of course, there is a possibility that we may not drop back down to the levels we are at now, but for what you're saying to happen, macroeconomic data needs to feed the crypto market.
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There's a lot in store for BTC in 2023, with an anticipated rally in the first quarter leading up to its quadrennial halving event. It's an exciting time for Bitcoin enthusiasts!
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That will be great if ever happen in 2024. I am still pessimistic about Bitcoin movement as we know predictions are good but not mean to happen in the future. Better to be aware, prepare and invest.
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Bitcoin anatomy
1. Halving
2. Bull run
3. Bear market
4. Pre-Halving run
Repeat
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The upcoming Bitcoin halving in April 2024 will definitely be a significant event with the potential to strongly influence the market. When this halving occurs, the rewards that miners receive for verifying transactions will be cut in half, going from 6.25 BTC to 3.125 BTC. This reduction effectively decreases the rate at which new Bitcoins enter circulation, which historically has led to upward pressure on prices.
Another crucial factor in play is the potential approval of a Bitcoin ETF by the SEC. This could be a game-changer as well. An ETF would make it much easier for institutional investors to dive into the Bitcoin market, potentially driving up demand significantly.
The 2024 Bitcoin halving is a big deal and it's likely to exert a positive influence on Bitcoin's price. It's a development worth keeping a close eye on.
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Executives from prominent mining and manufacturing firms believe market forces resulting from the fourth Bitcoin halving scheduled in 2024 could force the price of Bitcoin (BTC) past $100,000.
What's your opinion about Bitcoin Halving 2024?
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I hope so that this time the Bitcoin will cross $100,000 becasue last time it will not break this level but i hope that this time halving will cross the $100,000 becasue the world will except the bitcoin soon and that time its price go high so much and the demand is very high at that time.