Bitcoin Forum

What do you think the future holds?

The price will rise even in spite of this. But most likely this year we should not expect any significant changes

Expected this from a mile away thanks to the supply and demand logic associated with BTC. The price didn't rise significantly immediately after the halving event prompting many people to disregard it completely.

They were clearly wrong since these gains aren't always instantaneous as we can clearly see. I am expecting similar gains in the future too as the BTC supply continues to fall over time.

There has been a significant rise in Bitcoin price this year 2021 but to expect a continuous increase in bitcoin price from now till the end of the year 2021 is not visible.

We all know (pretty approximately) future supply. What we don't know as well is future demand. Given the latter is the variable amount, this will be the primary determinant of price.

What do you mean by significant changes? Is the current state of bitcoin going to change? I agree that the price will rise and I think the rise in prices is something that we don't expect, when that happens we will be like "I never expected bitcoin to reach this X amount".

No one really knows what the future holds, we don't have the crystal ball to look at it.  :)

But in any case, majority of speculators thinks that bitcoin will go on 6 digits figure as we are still in the bull run. Still a long way to go, but we have a lot of leg room to accomplished that this year. And if by chance, we hit $100,000 then there's where the fun begin, we might see a decline or bitcoin will continue to rise, as the supply is getting smaller as we are now fighting with institutions and big companies.

Now I am excited for the next halving how much more it would grow.
I think we could reach 6 digit before halving so I am really excited to see how much would it be after the next halving.
It is really a great time to accumulate as much as we could before the next halving occur.

what can I say except it's gonna go even higher, just think about it, the halving that decrease block reward + people losing money to some random wallet because of mistake which I know is not a good thing but dirrectly affect circulating supply, I could imagine the scarcity of bitcoin increases while adoption also doesn't seem to be stopping until now. If from the recent halving it could rise as much as 533% there's no stopping it from rising more than 1000% in the future. Moreover many people also trying to create defi for bitcoin by taking advantage of "bitcoin sidechain" like RSK.

If you follow the Bitcoin price rocketing pattern after the halving,
a. Bitcoin halving in July 2016, Bitcoin price rose sharply when the end of December 2017
b. Bitcoin halving in May 2020, Bitcoin price rose sharply in May 2021
c. If Bitcoin halving occurs in 2024, then it is certain that in 2025 there will be a new achievement of the Bitcoin price where this can make the market cap for all cryptocurrency assets very crazy. You have to prepare from now for the next 4 years.

https://i.imgur.com/Co7x6Tz.png

If you take a look at this chart. The Bitcoin block halving event is one of the best indicators of all time.
For every block halving we had in the past, we haven't seen any huge dump or closing below the previous Block halving ATH.

But what I observed is, the more halving occurs, the ROI or percentage that Bitcoin pumps become smaller. But that is not important to me now. How Bitcoin works and how convenient it to use it, is already good, the percentage gains or ROI is already a bonus.

It was too big a change and too sudden. I don't believe Bitcoin can go up in price so fast after halving in 2020. I'm starting over again after failing. Hopefully in the near future the price of Bitcoin will rise sharply and I can make a lot of money.

It was too big of a change because you weren't ready for it in the first place, you said it yourself, you failed. I hope that you can get this next pump and hopefully you hold on to that word that you are going to save enough bitcoin when the prices rise.

This is probably better discussed in Speculation, however it is general enough to be here as well. This is a part of why Bitcoin exists, or rather it is one of those core consensus rules that will never change, the known future supply and halving schedule, the average block times, the difficulty adjustments.

It will always be 21 million coins (less than), it will always be 10 minutes (average), and it will always be two weeks (or 2016 blocks).

Regarding the halving, you can check the last halving and compare these two. Many people are thinking the bull run during this cycle of halving is over and market will start to be bearish soon just like what happened on 2018. Back in 2017 the price was pumped due to the huge and super big investors specially from china and the price movement was really emotional that's why the dump happened. But, on this cycle there are many famous and great investing companies entering bitcoin market, there is also more stability in the market. That's why I guess we will see much more longer bull run during this cycle.

At least this is not a bad starting point for understanding how to make money on Bitcoin in the future, because with the next halving in 2024, you can shop for any drop in the price of Bitcoin, until that time - well, then it all depends on your greed and from understanding how much profit you can actually fix after this event.

I remember the time Roger Ver personally sent me $10 worth of BCH in a blockchain conference in the Philippines almost 3 years ago. However I quickly sold it when it was over $20. That time, BCH was hovering around $200 to $300. If I could have hold it until now, I would have gained even more lol.

LOL.. Anyone remember the mood here after block reward halving? A few months before the halving event, there was a lot of hype and whales were accumulating BTC. But then the stock market crashed around the time of halving and the BTC prices also went down. What rescued Bitcoin was the announcement from PayPal that they will be integrating Bitcoin to their platform in October 2020. And then there was another spike that resulted from the announcements by Elon.

ETH is up over 2,100% in the past year. Put another way, a year ago, you could have bought 45 ETH with 1 BTC, now the rate is just over 13 so BTC is down ~70% when priced in ETH.

ETH also outperformed BTC after the 2016 halving, while BTC lost less (vs $US) than ETH during the 2018 Bear market. If you think history will repeat itself, the play would seem to be to hold ETH after BTC halving while exiting crypto when these rallies turn into routes.

Bitcoin is a result of market innovation which we wanted to have a better life from fiat currency to digitalization. It happens that we are living and engaging more on the internet perhaps, most of us now are using this one. If we saw that Bitcoin continues to grow this simply means that people are truly satisfied and understand the purpose of its creation.
 
Bitcoin will continue to play an important role as the adoption takes. From a normal banking system to a more convenient one, people love it and they will continue to love this.

So what are you implying? we should shift to ETH?

You also have to understand that ETH hasn't reach 5 digits yet, while bitcoin achieved that in 2017 even before the imminent bull run at the end of that year.

Keyword for bitcoin is scarcity, after every halving bitcoin supply is going to be limited, so think about what could be the price in the future, specially when we mine 20 million in the next couple of halvings.

The Bitcoin having definitely have a positive impact on prices not immediately but after some time as simply it reduce the supply with growing demand which certainly boost the prices.Most trader says that you should invest before halvings to gain profit afterwards and can be seen from this chart :

https://i.ibb.co/ByVSkcJ/Screenshot-20210512-182205-01.jpg (https://ibb.co/PcZfkFy)

After halving event there is price surge of 30-40% and at the year end it boost strongly like it went to $20k from $2k in 2017 end.But this pandemic 2020 halving and pandemic boosted btc growth to reach its ATH of $64k but now trading at $57k after correction period.

Your analysis of decrease in percentage of price rise after halving is reducing is true but there are certain reasons for that according to me:

1) Bitcoin has already gained 500% rise this year and reached $60k price levels and it has become hard for retail investors to invest huge funds into it.

2) Bitcoin Total market Cap has already crossed $1.5 trillion and it will need really billion dollars investment to move the market heavily.

3)With huge funds also you will get small share in total supply of 21 million and with increase in demand and prices the share of your Bitcoin portfolio will keep on reducing.

So all these have direct effects on Bitcoin prices but still if you are holding bitcoins for long term then you don't need to worry about these issues as you can easily see 6 figure price chart before 2024 halving which will reduce the rewards to 3.125 and reducing circulating supply and prices even higher with increased demands.

Not old news. Halving continues to be the precursor to rallies time after time again. This is only logic and nature of supply and demand. The market only understands this, nothing else.

You can talk about altcoin supplies. And premined, burning etc. But Bitcoin proves its model as solid and proper, and economic scarcity works so welloiled.

Next halving might be can trigger bitcoin price to be new ATH. Because 2 times halving already done it. Or maybe if this thing keep happen (bitcoin keep in news) it can be more adopted and price keep increasing until it can left another thing that usually people used as investment like Gold.

It's a fact that there's been a year since halving, but implying that it means Bitcoin growth was caused by halving is incorrect. There isn't sufficient data on this matter. With the same level of success I could say that Bitcoin cost $5k at the beginning of the pandemic and a year after that it cost $53k. Or that Bitcoin cost $29k on New Year's Eve, and cost $59k at the beginning of April. All of these things are technically true, but at best they signify a correlation, not a causation. So counting halving as a significant factor of BTC growth doesn't have enough grounds behind it. As for the future growth or decline, nobody knows that for sure.

If yesterday miners mine 1800 BTC and today they mine 900 BTC, which is half .. I think that is significant. It may not have an immediate effect, but the effects are felt several months later. There will be less bitcoin being sold from miners going to exchanges. After a few more halvings, we'll have all the practical bitcoin there is, meaning there is 20 million, and the last million will take a hundred years (or several decades) so that's it...

We will see $1m and $10m bitcoin this century.

If you think logically, then everything goes to the fact that bitcoin in the future will be very expensive. Now a lot of bitcoins are bought out by large funds and withdrawn from exchanges, which creates a kind of deficiency and, accordingly, increases the price. No matter how the price behaves now, but over the course of several years we will see a very large increase in bitcoin, this is inevitable.

This huge increase in the price hasn't been fully-linked to the halving of course. There has been many events happened during this time period. But I believe that the halving also affected the price in a good way.

So we can believe that the halves are driving a price increase over the bitcoin. this is real. When we think of it as logic, it should be more costly and more valuable to obtain something that decreases in quantity. its price should increase. this is plain logic. bitcoin also proceeded on this straight line. It was supposed to be so. This means that bitcoin will increase even more in the future, I am sure of this now.