There are only 23 days left until Halving takes place

[pacar_tiri]

Why do you hope that bitcoin will reach a high price during the halving, isn't it that at that time there will be sales of bitcoin from miners which could cause the price to fall, currently all investors are waiting for the halving to take steps to buy or sell. So we'll see, how much the price will drop this time

That is the belief of those who think the halving will make the price of bitcoin increase, but in several previous halving histories when on the day of the halving, there seems to be no history that says bitcoin rose during the halving. Bitcoin price increases usually occur before the halving and one year after the halving. Halving usually means that many people will sell very large amounts of bitcoin.

[SmartGold01]

With only 23 days left until the Bitcoin halving, the price of Bitcoin will rise to its highest level immediately after the halving takes place.

I'm scared, this is not the real theory. The bitcoin price doesn't high immediately after halving. It will take some months before a new ATH is achieved. Infact, it could be argued that the real bull run will happen by 2025.

You are correct, just that many people don't understand the whole concept of halving where they are feeling that immediately after halving the next move is bull run, but from my understanding bitcoin bull run starts from the next year maybe after 6 months to 7 months of bitcoin halving.

[Jamal Aezaz]

Yet again, we are in the 68K price range. The market is moving up and down every day. I have heard that the tax payday is coming ahead and the liquidity is decreasing from the market. If liquidity continues to decrease, we may see some corrections during the halving event, and people should not be worried about it as everything will be okay after a few weeks.

The recent analysis does not say that. Of course, the analyst could be wrong and I could be wrong as well. People will cash out some profit to pay taxes and the liquidity will decrease.

Price is now 69k$ and after decreasing from 73k$ it took huge time to go ahead of its ATH and very few days are remaining in halving so there will happens lots of changes from dumping to pumping phase.

Correction is needed in crypto market after a huge surge so don't be in worry about such dump as it is not forever because halving is coming which will create good news for all crypto holders. Take every event as a necessity for your profit because if you have patience and you can keep your token longer then your worries should be minimum if there happens wrong in market.

[God Of Thunder]

It could not have a big impact on Bitcoin though, and if I'm a long term holder, I will not sell my stash just to just pay for taxes. Investors are smart that they have taken this into consideration months ahead and could be ready by their fiat to pay for their taxes.

I don't know much about it because I am not a citizen of the US nor do I live there. But I have heard that from an analyst. According to them, Not only Bitcoin but also stock exchanges will face liquidity shortages during the tax day time. If it does not happen, then we are good. Even if it happens, then we are good as well. I was talking about weak hands who panic at every little correction.

Of course, if there is a correction everyone should take this as a golden opportunity to accumulate again. There could be some of us though we doesn't have the money and let this one pass by.

Currently, I am fiatless and I don't have plan to buy BTC even if I see a dip market. I am holding my signature payments and I hope this will pay good in the long run.

[DabsPoorVersion]

snip~

Mon, Apr 15, 2024, is tax day in the US and I believe a lot of people are going to pay taxes by selling their Bitcoin which could create some selling pressure. But people should know that it's a temporary correction and we will bounce back again. The day is coming already and investors should be ready with fiat to buy back.

We don't know if that prediction of yours will come true or not. However, I have checked the historical price of Bitcoin, and every Tax Day in the USA hasn't actually affected the Bitcoin price ever since. Though, I'm not saying that the correction you predicted may come or not. Bitcoin is still hard to predict, what we can do is watch the next thing that will happen.

Aside from that, investors of Bitcoin are getting smarter each year that have passed. I mean, compared to the past, in such a small panic, a lot of people would immediately think that Bitcoin would disappear. Unlike nowadays, they see the panic as an opportunity to invest. Buy fear, sell greed, as they say. That's what I always see in some crypto groups, which has been a habit of most people who can understand those words.

[EthereumDev_]

Currently, I am fiatless and I don't have plan to buy BTC even if I see a dip market. I am holding my signature payments and I hope this will pay good in the long run.

Never buy Bitcoin when the price is increasing like now. You have to understand that the right time to buy Bitcoin is during the bearish season. The price of Bitcoin during that season will make the price very cheap and very suitable for buying in very large quantities. Meanwhile, in the current conditions, it is the right time to sell it because the price has increased quite high.

[legend45]

Currently, I am fiatless and I don't have plan to buy BTC even if I see a dip market. I am holding my signature payments and I hope this will pay good in the long run.

Never buy Bitcoin when the price is increasing like now. You have to understand that the right time to buy Bitcoin is during the bearish season. The price of Bitcoin during that season will make the price very cheap and very suitable for buying in very large quantities. Meanwhile, in the current conditions, it is the right time to sell it because the price has increased quite high.

Maybe if we have a lot of free funds we can buy bitcoin during a bearish season, because holding it will take so long and it uses money that is not needed in the near future. Right now there is still an opportunity to buy bitcoin when a deep correction occurs and holding it doesn't take long.

[Gurujebs]

Maybe if we have a lot of free funds we can buy bitcoin during a bearish season, because holding it will take so long and it uses money that is not needed in the near future. Right now there is still an opportunity to buy bitcoin when a deep correction occurs and holding it doesn't take long.

I'm not sure if Bitcoin is in bearish mode right now, what we are experiencing right now is just market correction that always happen some days to halving. Right now, those who didn't have the opportunity to buy Bitcoin back then before the pre halving pump now the have to the chance to buy Bitcoin at lower price.

We may also consolidate here to lower levels of $50k and then revisit the all time high where reach $74k and then that will be for all for the bull run, I'm not too sure if we are going to the levels of the $100k everyone is anticipating.

[God Of Thunder]

Never buy Bitcoin when the price is increasing like now. You have to understand that the right time to buy Bitcoin is during the bearish season. The price of Bitcoin during that season will make the price very cheap and very suitable for buying in very large quantities. Meanwhile, in the current conditions, it is the right time to sell it because the price has increased quite high.

It is not the selling season for everyone. Some holders will wait for another pump and the new ATH. It is the beginning of the bull run. If you don't want to miss the maximum profit, then you have to wait till the day of halving and you may have to wait till 2025. A lot of people predicted that Bitcoin will hit 100K this year and a lot of people are waiting for this price range to cash out their profit.

As for me, I am not waiting for the 100K. I have accumulated a good portion of BTC and I might cashout some profits at the 80K price range. But Bitcoin did not managed to touch this range yet and I waiting patiently for this price range.

[de_prof]

Never buy Bitcoin when the price is increasing like now. You have to understand that the right time to buy Bitcoin is during the bearish season. The price of Bitcoin during that season will make the price very cheap and very suitable for buying in very large quantities. Meanwhile, in the current conditions, it is the right time to sell it because the price has increased quite high.

It is not the selling season for everyone. Some holders will wait for another pump and the new ATH. It is the beginning of the bull run. If you don't want to miss the maximum profit, then you have to wait till the day of halving and you may have to wait till 2025. A lot of people predicted that Bitcoin will hit 100K this year and a lot of people are waiting for this price range to cash out their profit.

As for me, I am not waiting for the 100K. I have accumulated a good portion of BTC and I might cashout some profits at the 80K price range. But Bitcoin did not managed to touch this range yet and I waiting patiently for this price range.

If you are aiming to sell at $80K, that will happen soon after the halving is likely to occur in early Q3 this year. or even it will happen next month, anything could happen after the halving, some predict there will be a long correction and some say the correction will only last a short time.

[robelneo]

If you are aiming to sell at $80K, that will happen soon after the halving is likely to occur in early Q3 this year. or even it will happen next month, anything could happen after the halving, some predict there will be a long correction and some say the correction will only last a short time.

Now that you've done your task of accumulating Bitcoin the halving is the time to make a profit so keep looking on the market, and keep following experts and community predictions so you can sell at the right time but don't sell everything just make a profit will satisfy from years of accumulating through DCA.
Remember Bitcoin is going to reach $1 million you need Bitcoin holding specifically for that price.

[doc]

If you are aiming to sell at $80K, that will happen soon after the halving is likely to occur in early Q3 this year. or even it will happen next month, anything could happen after the halving, some predict there will be a long correction and some say the correction will only last a short time.

Now that you've done your task of accumulating Bitcoin the halving is the time to make a profit so keep looking on the market, and keep following experts and community predictions so you can sell at the right time but don't sell everything just make a profit will satisfy from years of accumulating through DCA.
Remember Bitcoin is going to reach $1 million you need Bitcoin holding specifically for that price.

I agree with you, we should save some bitcoin kits for the future, don't sell them all because it is possible that in the future the price of bitcoin will reach $1 million.
DCA is the most useful method for those trying to collect bitcoins with limited funds, I did it too.

[Dr.Bitcoin_Strange]

You are correct, just that many people don't understand the whole concept of halving where they are feeling that immediately after halving the next move is bull run, but from my understanding bitcoin bull run starts from the next year maybe after 6 months to 7 months of bitcoin halving.

You're correct.
This is a misconception that's spread among so many bitcoiners, that Bitcoin price will automatically experience a bullish trend immediately after the halving takes place.
No, The Bitcoin halving doesn't just trigger a bull run immediately after it occurs. On the contrary, it's a process that takes a while, it's more of a gradual process that takes months to have an effect on the bitcoin price movement, not immediately.

Due to records of the previous halvings, Bitcoin price often tends to rise drastically few months after the Halving event because of the reduction in the supply of Bitcoin. So it doesn't happen almost immediately, it takes several months before the effects are seen on the bitcoin price movement.

[SmartGold01]

You are correct, just that many people don't understand the whole concept of halving where they are feeling that immediately after halving the next move is bull run, but from my understanding bitcoin bull run starts from the next year maybe after 6 months to 7 months of bitcoin halving.

You're correct.
This is a misconception that's spread among so many bitcoiners, that Bitcoin price will automatically experience a bullish trend immediately after the halving takes place.
No, The Bitcoin halving doesn't just trigger a bull run immediately after it occurs. On the contrary, it's a process that takes a while, it's more of a gradual process that takes months to have an effect on the bitcoin price movement, not immediately.

Due to records of the previous halvings, Bitcoin price often tends to rise drastically few months after the Halving event because of the reduction in the supply of Bitcoin. So it doesn't happen almost immediately, it takes several months before the effects are seen on the bitcoin price movement.

You know people gets so much worried over the halving and there is nothing much about it that could exceed of just the usual process, so why can't they just buy and hold or any one who is intends to accumulate could be a bit patients to wait till the halving starts maybe during when they noticed that is going very low then they can buy.

[pacar_tiri]

If you are aiming to sell at $80K, that will happen soon after the halving is likely to occur in early Q3 this year. or even it will happen next month, anything could happen after the halving, some predict there will be a long correction and some say the correction will only last a short time.

Now that you've done your task of accumulating Bitcoin the halving is the time to make a profit so keep looking on the market, and keep following experts and community predictions so you can sell at the right time but don't sell everything just make a profit will satisfy from years of accumulating through DCA.
Remember Bitcoin is going to reach $1 million you need Bitcoin holding specifically for that price.

I agree with you, we should save some bitcoin kits for the future, don't sell them all because it is possible that in the future the price of bitcoin will reach $1 million.
DCA is the most useful method for those trying to collect bitcoins with limited funds, I did it too.

When the price of Bitcoin reaches that expensive then who will buy it? Honestly, I doubt that the price of Bitcoin will reach such an expensive price because even reaching a price of $100k this year seems very difficult to happen, how can Bitcoin reach a price of $1 million.