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Bitcoin => Bitcoin Discussion => Topic started by: KingsDen on January 31, 2023, 08:00:34 AM



Title: My greatest fear about Bitcoin Halving.
Post by: KingsDen on January 31, 2023, 08:00:34 AM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: NeuroticFish on January 31, 2023, 08:10:07 AM
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?

Let's see: who you think they're the biggest Bitcoin sellers, by a great margin? Day traders? They buy back everything they sell. Small holders? ... Or the miners? I'd say it's the miners. The miners must sell in order to pay for electricity and so on.
So, after the halving they'll have to sell half of the amount of bitcoins and still get money to pay for electricity. The only way to do it and stay in the business is to no longer sell this cheap.

This being said, a bull run will still exist. The only question remaining is how big will that be.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Solosanz on January 31, 2023, 08:23:44 AM
First we need to go back during Covid 19 pandemic and many people panic to sold their Bitcoin at $5K. At that time the whole economic are really worst, S&P 500 and gold are decline, even more oil price was minus. Is there anyone think Bitcoin will create new ATH at 2021? Nope, the economy isn't really that good because we're trying to move from pandemic to new normal. But Bitcoin is really make everyone shocked since the price suddenly increase and hit $60K!

You need to know Bitcoin price was hit $60K at 2021 before El Salvador accept Bitcoin as legal tender, Bitcoin hit $60K at March 2021 while El Salvador accept Bitcoin as legal tender at September 2021.

Bitcoin doesn't need to be accepted as legal tender to make the bullrun happen.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: mk4 on January 31, 2023, 08:49:22 AM
It's highly likely that after a certain halving date, the price effect would likely be far less spiky compared to past halvings. Instead, we'd probably have a slow and steady uptrend, which is far more preferable in my opinion — if we'd look at bitcoin in the lens of a currency/SoV rather than a hype asset.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Dave1 on January 31, 2023, 09:02:21 AM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

Assuming that there are no bull run, I doubt thought that there will be panic and serious sell off. If they are here to used bitcoin as payment scheme then good as they are not going to be affected.

But for those who chooses bitcoin as a investment, there could be issues, but it won't go down to be catastrophic though. They could remain in the market and then wait for it to revived. Sooner or later with or without block halving, the price could still go and increase. You have to remember the basic economic tenant of supply and demand, and with that there could be more demand from the mainstream and so the price will still go up no matter what.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: franky1 on January 31, 2023, 10:06:09 AM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

most bull runs happen AFTER the halfing, like the following year once miners reassess their costs of the year (big asic farms dont play by daily whims they have investment in hardware+electric contracts of mostly 1year+)

your fear is that say when there is a halving. a new gen of asics is released where their efficiency and electric costs are 2x better thus not need to sell coin 2x higher due to the cost per coin becoming neutral..

well do not fear
asics every couple year only get a few % efficient and electric costs go up not down

due to nm chip scaling the efficiency leaps used to be massive but now due to physics the leaps are getting less
lets take the s7 vs s9       3.6 thash/kw - 10.4 thash/kw = +1.88x
lets take the s9 vs s11     10.4 thash/kw - 15.75 thash/kw =  +.5x
lets take the s11 vs s15    15.75 thash/kw - 17.5 thash/kw =  +.16x
lets take the s15 vs s17    17.5 thash/kw - 22.4 thash/kw  =+.28x
lets take the s17 vs s19    22.4 thash/kw - 29.25 thash/kw  =+.3x
lets take the s19 vs s19xp    29.25 thash/kw - 46.6 thash/kw  =+.59x

as you can see its not like its 2x each evolution anymore.
plus as said electric prices are going up

Edit
and as ETF also highlights below the network hashrate would also need to drop considerably to bring the efficiency up to a 2x figure.. considerable network rate loss to give remaining miners more coin per cost


Title: Re: My greatest fear about Bitcoin Halving.
Post by: ABCbits on January 31, 2023, 10:06:55 AM
Don't you think that there will be a serious problem and panic in the industry?

No. The only concern is half of miner permanently stop mining which reduce difficulty/Bitcoin network security by half. Although looking at current mining condition, IMO half current hashrate is still more than enough to secure Bitcoin network.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: TribalBob on January 31, 2023, 10:12:31 AM
The US doesn't need to make btc a legal tender I think, with the good news about btc it can make the value of btc rise slowly and will get stronger, indeed we don't know at what price btc will stop in the halving period later
and I'm not sure if the bull run will be missed this season


Title: Re: My greatest fear about Bitcoin Halving.
Post by: tbct_mt2 on January 31, 2023, 10:45:47 AM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
If they buy Bitcoin because they believe Bitcoin will have good growth with big bull run each halving, they are gambling and can be wrong.

For me, I invest in Bitcoin because I believe in its technology and innovation which brings a lot of changes for human civilization which won't be stopped. Halving is only part of contributors for Bitcoin growth but not all of reasons. There are other contributors like adoption, bigger and stronger network with time especially adoption.

Quote
My greatest fear is; what if 2024 halving comes and go without any kind of bull run?
Do you think Internet actually change the world at a same rate every year? It did not. Some years some big milestones ocurred but some years, nothing special happened.
The importance is after 10 years, 20 years, Internet changed the world completely.

Quote
Don't you think that there will be a serious problem and panic in the industry?
Speculators will be panic because they borrow money, use leverages and fail to get profit or get forced liquidation so that they must feel panic.

Quote
Unless US government will have to make BTC a legal tender.
It won't be legal tender and in fact, do we need Bitcoin legal tender to use it?

I think we don't need it. Making it legally as a payment method is enough. Some people can accept it, somebody else can not accept it. The world always is separated like this.

Even it becomes legal tender, what will you do if you go to a restaurant or coffee store and they reject to receive your bitcoin?

Will you make a phone call to police to report that store or bring them to a court? I guess we don't have time to waste like this.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Lucius on January 31, 2023, 10:49:47 AM
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?

For those who only care about profit, it would be a really big problem and they would certainly panic, but for some others, the price is not everything that Bitcoin revolves around. Halving still has the potential to have a positive effect on the market because the reward per block after the next halving will be 3,125 BTC, but I think that the halving effect will be less and less after that because miners will mine less and less, and thus the impact of freshly mined coins on the market will be smaller and smaller.

This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

I am of the opinion that the US government would sooner ban the sale and use of firearms than declare Bitcoin legal tender. You obviously don't follow American politics too much, and in that case you would know that the US dollar has never had and will never have an alternative. But let's say hypothetically if this happens, it would probably cause a sudden jump in the price, but the euphoria would quickly subside because, like anywhere in the world, most people use Bitcoin as an investment, not as a currency.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: DooMAD on January 31, 2023, 10:52:57 AM
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market.

All this suggests to me is that speculators overthink this shit way too much.  No wonder there's so much panic-selling.  The above post could just as easily be phrased: "What if the mindless hype isn't generating enough hype anymore?" and would convey much the same sentiment. I mean, come on, this is just silly.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Crypt0Gore on January 31, 2023, 11:01:33 AM
I will be more concerned about how big the next bull run will be, not what will happen after the next Bitcoin halving, moreover in the past halving event Bitcoin did not surge instantly, it still takes weeks to a few months before we start seeing big bullish momentum, I believe that's what will happen again, a BTC block right now consists of 6.25BTC and after the halving, it will go down to 3.1BTC.

When scarcity meets demand the sky is the limit.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: jossiel on January 31, 2023, 11:04:54 AM
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
That's okay.

As long as it maintains the current stand of bitcoin in the market right now, I'd be more than happy to accept if it won't be in a bull run. But anyway, several times that it has been like that and it's a pattern that we're all hoping for.

So, assuming that no bullruns happen, I don't think that it will cause any panic.

This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Being declared as a legal tender of US will really make a huge impact but, I think that we don't need that to happen. What we have is already enough and effect of the halving is perfect to see the bump in the long run. A slow growth would suffice everything for bitcoin's growth.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: royalfestus on January 31, 2023, 11:14:03 AM
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market.

All this suggests to me is that speculators overthink this shit way too much.  No wonder there's so much panic-selling.  The above post could just as easily be phrased: "What if the mindless hype isn't generating enough hype anymore?" and would convey much the same sentiment. I mean, come on, this is just silly.
It would be the first time the halving will not turn the bullish button, and as you explained, that would be overthinking. In theory, the supply of the coin during the halving will be halved. However, the bear market boosts bitcoin from weak hands to stronger hands, which increases demand while decreasing supply, which reflects in the price increases.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: John Abraham on January 31, 2023, 11:19:24 AM
No. The only concern is half of miner permanently stop Mining which reduce difficulty/Bitcoin network security by half. Although looking at current mining condition, IMO half current hashrate is still more than enough to secure the Bitcoin network.

We know the Mining will be ended at some point. I know it's still a long way to go. But, What will happen to Bitcoin network security when miners get a few sats for a successive block and stop Mining? I know miners won't stop until it becomes extremely non-profitable. Some will even mine if costs and profitability are the same. But, That will reduce the hash rate. How much hash rate is enough hash rate to secure the network? I am just curious about it.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: CoinEraser on January 31, 2023, 11:33:18 AM
-snip- My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry? -snip-
With the next halving still over a year away, I'm not too concerned about it just yet. But I do expect that we will see another bull run sometime after the halving. Definitely this time, anyway. But there could be some point where there will be no bull run after the halving, but I don't think that will be 2024 yet. Rather, I expect it much later and then the Bitcoin price will probably not fluctuate as much as it does now. So I don't expect any panic in the market and it will probably just be accepted. But that's just my personal assessment of it. Whether that will really happen remains to be seen.  ;)


Title: Re: My greatest fear about Bitcoin Halving.
Post by: AverageGlabella on January 31, 2023, 11:39:41 AM
You are worrying about something that has not happened and has not happened in history. Why do you think that we will not have a bull run? Why do you think people will panic? If the price steadily increases instead of going on a big bull run it is probably better for adoption and the stability of btc.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: NotATether on January 31, 2023, 11:43:12 AM
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?

Nah, the supply and demand dynamics resulting from miners having less money will trickle down to the rest of the industry slowly.

Through scarcity, hype is manufactured, as other people will realize that something that is becoming more and more scarce is about to become more expensive. Bitcoin kind of takes it to the extreme by (what feels like) taking away half of the supply overnight.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: AverageGlabella on January 31, 2023, 11:46:14 AM
Through scarcity, hype is manufactured, as other people will realize that something that is becoming more and more scarce is about to become more expensive. Bitcoin kind of takes it to the extreme by (what feels like) taking away half of the supply overnight.
That is true if btc continues to perform well and is being used for something. atm people are not using their btc because they value it to much. atm that is working because btc has become more of a collectible or a store of value instead of a currency that it was originally created for. As long as that does not change I agree with you that the price should continue to increase and halving will continue to see hype around them because they are reducing the amount of btc that is being brought into circulation.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: DooMAD on January 31, 2023, 11:53:58 AM
We know the Mining will be ended at some point. I know it's still a long way to go. But, What will happen to Bitcoin network security when miners get a few sats for a successive block and stop Mining?

Think your Chat GPT app is broken.  That's not accurate.  The reward subsidy will end at some point (after every single last one of us is dead, unless life-expectancy dramatically increases in the future).  But mining will still continue, fuelled by transaction fees alone.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: AverageGlabella on January 31, 2023, 12:21:37 PM
We know the Mining will be ended at some point. I know it's still a long way to go. But, What will happen to Bitcoin network security when miners get a few sats for a successive block and stop Mining?

Think your Chat GPT app is broken.  That's not accurate.  The reward subsidy will end at some point (after every single last one of us is dead, unless life-expectancy dramatically increases in the future).  But mining will still continue, fuelled by transaction fees alone.
I think most new people think that btc mining will eventually just end and then btc ends or whatever they think. That is the problem with new members who do not do their research it is one of the most frequently asked questions about btc.

There probably will be less of a incentive to mine and transaction fees might go up because of that but that just makes it more accessible for people who do want to mine. Atm it is very competitive and requires a lot of money to get started.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: AverageGlabella on January 31, 2023, 12:53:25 PM
Don't forget reward from merge mining, assuming it's still a thing in next >100 years.
Maybe it is the term you are using but what is merge mining? I know that mining will continue because transaction fees will be the new incentive for miners but I think that depends on how much the transaction fees go up because of it because you see people comparing btc and usd fees already and start complaining that btc is more expensive. but I do not think I have heard about this merged mining.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Tytanowy Janusz on January 31, 2023, 12:59:22 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

Of course every next halving will have lesser impact on price. At least fundamentals of each consecutive halving are much lower.

1st halving reduced monetary inflation from 25% to 12%. Second halving reduced monetary inflation from 9% to 4,5%. Now we are getting closer and closer to the 4th halving that will reduce bitcoin monetary inflation from 1.5% to 0.7%. Both numbers are negligible compared to 8% official CPI in US, 10% in EU or 80% in countries like Turkey. Halvings fundamental impact on bitcoin price is getting lower and lower with every next halving in oppose to macro data, FED decisions, interest rates, recessions and of course ADOPTION.

So its exactly like DooMAD said. You are scared that dumb buyers will get disappointed. Thats your biggest fear? in worst case scenario they will dump cheap coins at the bottom for smart money because bitcoin is not all about pump and dump around halvings.

The above post could just as easily be phrased: "What if the mindless hype isn't generating enough hype anymore?" and would convey much the same sentiment. I mean, come on, this is just silly.



Title: Re: My greatest fear about Bitcoin Halving.
Post by: AverageGlabella on January 31, 2023, 01:02:08 PM
Of course every next halving will have lesser impact on price. At least fundamentals are much lower.
This is true if the same amount of people are invested in btc but in the future halving we will probably have a bigger user base that is using bitcoin which means that there are more people to react. if the halving s create hype now then the next couple of halving could have more hype because there is more people reacting and more people investing. I do not think it is as easy as saying that each halving will have less impact then the last.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Aanuoluwatofunmi on January 31, 2023, 01:26:54 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run?

One thing you need to understand about bitcoin entirely is the trust on the network, if you consider the previous events on halving that has taken place before now, you could discover the more reason there must be a bullrun, now talking about the halving in general, it is characterized by high volatility before, during and after the event, things are prone to change but bitcoin can never change to going down, there is high tendencies for bullrun during this period whereby we set a new record for ATH and so on, when it's comes to bitcoin i think there's no fear of missing out.

Don't you think that there will be a serious problem and panic in the industry?

No


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Scripture on January 31, 2023, 01:38:55 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Stay away from that negativity and look for the positive side, imagine having a limited supply with an increasing number of users, you might not see the effect right away but in the long run you'll see the real value of Bitcoin.

Halving is the biggest hype for Bitcoin aside from adoption, and I'm confident that we will go to bull trend this time because the cycle of bear market is soon to end, better to grab this opportunity now while you still can because Bitcoin will prove your negativity wrong.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Flexystar on January 31, 2023, 02:06:11 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

It's great to be visionary and think about the best and worst possible scenario along the way. However, halving is one of the process that is "defined" part of the bitcoin and its on going life cycle. You can not change it, you can not reverse it, it was programmed to sustain the bitcoin for decades to come in that way. It's simple, every time halving occurs, rewards are dropped and difficulty is risen which make the market short of sudden supply of bitcoin as compared to what we had before that cycle. Thus, it affects the pricing, there are more asker and than giver at all times in the market.

Now, coming to the 2024; the fear is not new. If above algorithm was well planned by Satoshi then it will work that way only because we have come so far and it's proven reality every 4 years.

Plus, it's bad idea to always connect the pricing and halving. One can expect to have nothing on one day but unlimited cashflow on the other day. Thats what makes the bitcoin special about it.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Z-tight on January 31, 2023, 05:43:22 PM
That shouldn't be ones greatest fear about BTC, i will be more worried about regulation in the industry than a price hike after the bull run, that is because i want BTC to continue being a currency people use for freedom from government oppression, but with so much talk of regulation, and with so many people using BTC through centralized exchanges, the government may soon shift their oppression fully to centralized exchanges and track people, seize their funds and control their BTC to an extent.

Don't be afraid of what will happen after the halving, i will continue holding and using BTC after the halving, but if there isn't a quick spike and it helps to remove some weak and impatient hands, then it is good for the BTC network.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: wxa7115 on January 31, 2023, 06:39:14 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
As time passes the bull runs are less intense than they were in the past but this was to be expected, as even if the halving takes place the reward to mine a block is getting smaller on each iteration.

However the demand for bitcoin keeps increasing and the amount of bitcoin yet to be mined gets lower as well, and if we add that a lot of the bitcoin ever mined is already on the hands of strong hands this leaves very little for those which are just thinking about getting some, and when the supply of something is limited and the demand high this can only mean one thing, higher prices.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Smartprofit on January 31, 2023, 07:07:54 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

Halving is a mechanism for lowering bitcoin inflation. 

At the same time, each subsequent halving, in theory, should have less and less influence on the price dynamics of the first cryptocurrency.  This is due to the fact that by now most of the coins have already been mined by miners. 

At the same time, in my opinion, Satoshi Nakamoto was a big fan of the American writer Isaac Asimov (in particular, his science fiction novel Foundation (Academy)).  One of the most striking episodes of this novel is the deviation of the development of Human history from the previously predicted trajectory of development, when the Founder made his fourth public prediction, but no longer related to reality. 

Something similar could happen during the next halving in 2024.  Everyone will be waiting for the new ATH bitcoin price to be reached, but this event will not happen. 

Perhaps Satoshi Nakamoto foresaw that sooner or later this could happen and people will need to accept the fact that the price of Bitcoin cannot rise indefinitely.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Mate2237 on January 31, 2023, 07:42:47 PM
Op bitcoin does not need USA to rise up. In 2021 which I have not involved in BTC but heard it from reading and told that BTC was $60 plus which was not involved USA or El Salvador. So BTC will still rise up even more than level but USA acceptance of BTC will be a plus to the crypto world.

If USA adopt BTC as a legal tender then BTC has gain ground in the 3rd quarter of the world adoption. USA will influence many countries to adopt bitcoin.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: serveria.com on January 31, 2023, 08:22:01 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

Fear not, Bitcoin cycle always ends with a bullrun. It may be double-top or premature top, a bit earlier or a tad later but it's going to happen. I'm not sure what kind of ATH you are expecting, but anything above $100k is ok with me (I guess for many peeps here). Yeah, $100k+ is not exactly x20 or x30 we got used to during the early cycles but it's way better than $16k! I'm an optimist, glass half full type of personality, so my guess is something between $200k and $450k. Btw what exactly you mean by "without any kind of bull run"? Does reaching the previous cycle's ATH count as "no bull run"?  8)


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Kelvinid on January 31, 2023, 08:44:27 PM
I still believe that the price of Bitcoin will again show an impressive pump after halving but not like before. Why? Because of the changing market behavior and also the investors, not I see that these people can hold longer and can wait for the peak price but have the feeling that they will sell their Bitcoin during its early pump.
Let us see what gonna happen 2 years from now, I'm also excited to witness again but yes, we're not going to expect it like the sentiment before - it is likely different this time.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: coolcoinz on January 31, 2023, 08:54:28 PM
This being said, a bull run will still exist. The only question remaining is how big will that be.

This is correct, although all the previous bull runs, including the last "weak" one took us far above the fair value of bitcoin and far above the average mining cost.
For instance, when we went to 60k in 2021 the mining cost was below 20k and the fair price was somewhere around 30k, which is why the price stopped there after crashing from the ATH.
Let's assume that the fair price in 2024 keeps rising like it did in all the previous years and the mining cost goes up 2x. We'll have a fair value somewhere around 50k and the mining cost around 40. It doesn't mean bitcoin's price will go parabolic to 2x the fair value (100k) It can as well do 20% over the last ATH and it still technically will be a new ATH and a bull market.

People expect us to be between 100 and 200k by the end of 2024, but people also expected bitcoin to reach 100k in 2021 and then expected 10k last year, so whatever people expect has nothing to do with what really happens. I'd even say that expectations are very rarely met.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: bitpotter on January 31, 2023, 11:00:07 PM
I still believe that the price of Bitcoin will again show an impressive pump after halving but not like before. Why? Because of the changing market behavior and also the investors, not I see that these people can hold longer and can wait for the peak price but have the feeling that they will sell their Bitcoin during its early pump.
Let us see what gonna happen 2 years from now, I'm also excited to witness again but yes, we're not going to expect it like the sentiment before - it is likely different this time.
Indeed, 2 more years is the right time to see events like last 2021, but indeed different things will happen here and the most striking thing is the charts which will definitely not be the same. But so far bitcoin is in a period of silence and there are no very volatile movements.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Kakmakr on February 01, 2023, 05:57:26 AM
The "Halving" in my experience ..only had a very small influence on the Bitcoin price.. just a week or a few days before it happens. The media attention in the weeks before the Halving, cause some hype in the markets.. but it is actually insignificant.  ::)

The Halving are definitely not a trigger for a new ATH, so I do not know where you have seen that.  ??? The previous spikes in the price to a new ATH, was events like the ICO explosion on social media and large countries accepting Bitcoin as legal tender.  ;)


Title: Re: My greatest fear about Bitcoin Halving.
Post by: franky1 on February 01, 2023, 06:42:41 AM
The "Halving" in my experience ..only had a very small influence on the Bitcoin price.. just a week or a few days before it happens. The media attention in the weeks before the Halving, cause some hype in the markets.. but it is actually insignificant.  ::)

The Halving are definitely not a trigger for a new ATH, so I do not know where you have seen that.  ??? The previous spikes in the price to a new ATH, was events like the ICO explosion on social media and large countries accepting Bitcoin as legal tender.  ;)

the actual effects are delayed by upto a year due to how the big industrial miners operate their accounting/costbase

they dont pander to daily price whims nor react to social drama's they have hardware lifecycles of 2+ years and electric contracts of 6month-2 years so they mine no matter what. and when its time to upgrade hardware/renew electric contracts (periodically) they look at how much coin accumulation vs cost. to then set their sell rates of previous periods accumulation
selling previous period accumulation while building up current/next period accumulation

(unlike home/hobby miners that can save money by just switching off asics as they pay monthly and so can save on electric bills and be on the market buy sentiment when prices are low)

the ATH have had more links correlation to mining activity than to social drama
EG
2011 was GPU pooling ramp up of costs compared to previous years solo CPU costs
2013 was first asic ramp up of costs compared to previous years of GPU costs
2016 was next gen asics (from ghash to thash)
2020 was next gen asics (over 100thash on small nm chips of only a could kwh)

those things changed the dynamics of how profitable/costly it was to mine meaning changing mindsets if people should mine to sell, vs market-buy low to sell high

changing the market sentiment

thers some economics dynamics at play
EG first release of next gen mining hardware only benefits the first delivery recipients with better efficiencies where they dont get hit by halving cost changes(lower cost plus more hashpower gives them best overall position). and it takes months-year for majority of network to upgrade to gain efficiency. by which time the hashrate has then climbed which then outpasses that initial efficiency gain of that first delivery recipient so then everyones costs go up due to the higher hash competition thus its about a year later before the true extent of the halving has settled into the new higher cost brackets


EG
if it costs say industrial iceland $16k to mine..
if it costs say industrial america $19.5k to mine..
if it costs say residential iceland $26.5k to mine..
if it costs say residential america $29.5k to mine..
if it costs say industrial europe $32.5k to mine..
.. and so on
if it costs say residential hawaii $90k to mine..

you can then start to see the sentiment zones of bitcoiners "switch" from hobby miner to personal buyer
(in industrial miners case they still mine. but if they have excess cash they buy while cheap too(when its cheap))

you can see that hawaii(germany/japan near that top too), if they have a good bitcoin community(population count) they are always going to be on the market buy sentiment as its always cheaper to buy rather than mine
so they are the ones remaining in the markets willing to buy even when the market is high. where as iceland are on a mega selling experience at that same high


Title: Re: My greatest fear about Bitcoin Halving.
Post by: davis196 on February 01, 2023, 07:31:58 AM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

1.Bitcoin halving creates hype and many traders are buying BTC before the halving simply because they expect the price to grow after the halving. This creates demand, which pumps the price. I don't know what could potentially stop a bull wave after the Bitcoin halving. Probably massive amounts of FUD propaganda and/or a global Bitcoin ban.
2.Nobody knows what will happen in 2024. I don't expect the US government to make BTC a legal tender, but I also don't expect a mass Bitcoin /crypto ban. Perhaps the status quo regarding crypto legislation and regulations will remain pretty much the same in 2023 and 2024.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: ABCbits on February 01, 2023, 09:20:10 AM
Don't forget reward from merge mining, assuming it's still a thing in next >100 years.
Maybe it is the term you are using but what is merge mining?

Basically it means you mine Bitcoin and other cryptocurrency at same time. The other cryptocurrency rely on Bitcoin mining security, where no change is needed on Bitcoin protocol/consensus. If you really curious about it, i'd recommend you to read https://blog.bitmex.com/the-growth-of-bitcoin-merge-mining/ (https://blog.bitmex.com/the-growth-of-bitcoin-merge-mining/).


Title: Re: My greatest fear about Bitcoin Halving.
Post by: ethereumhunter on February 01, 2023, 09:51:54 AM
I still believe that the price of Bitcoin will again show an impressive pump after halving but not like before. Why? Because of the changing market behavior and also the investors, not I see that these people can hold longer and can wait for the peak price but have the feeling that they will sell their Bitcoin during its early pump.
Let us see what gonna happen 2 years from now, I'm also excited to witness again but yes, we're not going to expect it like the sentiment before - it is likely different this time.
Indeed, 2 more years is the right time to see events like last 2021, but indeed different things will happen here and the most striking thing is the charts which will definitely not be the same. But so far bitcoin is in a period of silence and there are no very volatile movements.
People who think that the price of bitcoin cannot increase will not be able to make big profits and many of them will even lose because they can't wait for the price to go up high. And even if they could sell their bitcoins, they would not have the opportunity to sell at the peak because once the price goes up, they will sell it and not think the price will keep going up.

Currently, bitcoin is still in the price recovery phase, so we can use it to buy more. And hopefully, all of us who have bought bitcoin at the previous low or current price can get the maximum profit.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: John Abraham on February 01, 2023, 11:27:18 AM
We know the Mining will be ended at some point. I know it's still a long way to go. But, What will happen to Bitcoin network security when miners get a few sats for a successive block and stop Mining?

Think your Chat GPT app is broken.  That's not accurate.  The reward subsidy will end at some point (after every single last one of us is dead, unless life-expectancy dramatically increases in the future).  But mining will still continue, fuelled by transaction fees alone.

I don't use Chat GPT even though I have never used it. But I heard it's not up to date. Well, I wasn't aware of it. I didn't know if people would still be able to mine Bitcoins when there were no. If transaction fees fuel it, I am not sure how profitable it will be. Miners may lose interest.

We don't know. But at very least we know it heavily depends on Bitcoin price, average transaction fee and average transaction created per seconds.

Yeah, I believe in the next Decade Bitcoin will gain price couple of times more, and we will see new ATH Every few years. I won't be able to see that because I won't be alive forever.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: m2017 on February 01, 2023, 12:23:20 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
And you wanted to get rid of BTC at the first opportunity? Once Bitcoin reaches new heights? But what about HODL?  :) If not for this halving, then for another, BTC will grow. Sooner or later.

There is still a lot of time before the halving, and during this period, more than one positive news may appear, which will be the catalyst for the start of a new bullrun. As far as I know, the bullrun usually didn't happen right after the halving and it took some extra time.

I think US government will have to make btc a legal tende , if it happens, will be the most powerful impetus for new growth, and this event alone will be enough.

You can be afraid and nervous, or you can't be afraid and relax. Why spoil your mood ahead of time.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: yazher on February 01, 2023, 12:36:23 PM
Though there's still a possibility when you checked its past histories when the Bullrun seasons come, it always creates some kind of ATH even after a year of bitcoin halving but this scenario is still unsure that's why it's your own decision whether you believe it or not because if you want to earn when Bullruns happens, you need to have courage and trust yourself about it. But if you have doubt you can also stop investing but don't regret or put the blame on anybody when you see the price will rise and create another ATH because, after all, it's your own idea not to invest.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: DeathAngel on February 01, 2023, 12:57:02 PM
People say this every halving, that it might not have any effect on the price. If something is in demand & you halve the supply then it is going to become more valuable. It always takes a little while for the full effect of diminished supply to be shown in price but it always happens. This will be my 3rd cycle coming up, I’ve seen it all before.
We will see a 6 figure bitcoin price before the end of 2025.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: kryptqnick on February 01, 2023, 01:02:39 PM
The jury is still out on whether Bitcoin halving is crucial when it comes to bull runs. There weren't many of them to analyse the correlations, and it wasn't all clear-cut, as sometimes the bull run came way later or earlier, so I honestly don't believe in a strong connection or anything close to a causal relation here. Why worry about 2024 if the bull run might hit in 2023?
I don't see the USA making Bitcoin a legal tender any time soon, but I don't think Bitcoin needs it to grow and, especially, to recover.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: kamvreto on February 01, 2023, 01:13:24 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
And you wanted to get rid of BTC at the first opportunity? Once Bitcoin reaches new heights? But what about HODL?  :) If not for this halving, then for another, BTC will grow. Sooner or later. ~snip~


HOLD will save everything, no one does better than HOLD and believe that high price targets will be hit. Those who dumped out in a panic after the halving ended will regret it when Price reaches a new ATH. Bitcoin will continue to grow over time, there will be a lot of adoption and use of bitcoin in the future. The 4th halving this time will be the moment we have been waiting for.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Altryist on February 01, 2023, 01:58:26 PM
I still believe that the price of Bitcoin will again show an impressive pump after halving but not like before. Why? Because of the changing market behavior and also the investors, not I see that these people can hold longer and can wait for the peak price but have the feeling that they will sell their Bitcoin during its early pump.
Let us see what gonna happen 2 years from now, I'm also excited to witness again but yes, we're not going to expect it like the sentiment before - it is likely different this time.
You should not expect that halving will immediately affect the price of bitcoin, there is no evidence that halving affects the price, but logically, the deflationary model should eventually lead to an increase in the price. The price of bitcoin will rise because more and more people want to own bitcoin, and this will inevitably create high demand, because as we all know, the quantity of coins is limited.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Accardo on February 01, 2023, 03:57:33 PM
I don't understand the mystery behind having a bull run after bitcoin halving, but I've experienced a bull run after halving and it was predicted that bitcoin would skyrocket after the 2020 halving. The price didn't move up immediately, and it's something you should understand, it may not move that same year or even after 2 years but the bull run is certain to happen. Trusting an immediate spike in price of bitcoin after halving can lead to reckless investment from investors that don't understand the market, hoping to make huge profits. However, halving adds more bitcoin to the market and at same time divide miners rewards, that means the price will definitely increase as people will buy because of scarcity.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: AverageGlabella on February 01, 2023, 04:19:16 PM
I don't understand the mystery behind having a bull run after bitcoin halving, but I've experienced a bull run after halving and it was predicted that bitcoin would skyrocket after the 2020 halving. The price didn't move up immediately, and it's something you should understand, it may not move that same year or even after 2 years but the bull run is certain to happen. Trusting an immediate spike in price of bitcoin after halving can lead to reckless investment from investors that don't understand the market, hoping to make huge profits. However, halving adds more bitcoin to the market and at same time divide miners rewards, that means the price will definitely increase as people will buy because of scarcity.
If you think the bull run is guaranteed go happen I fear that you will lose a lot of money when it does not come and you start panic selling because it is not guaranteed.  Every halving should have less of a impact then the one before because less btc is available to everyone that could cause a increase in btc but it probably will not be like a bull run but something that increases gradually.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: redsun114 on February 01, 2023, 06:52:04 PM
Even if there is no bull run, I think there will still be a noticeable increase that will happen because the properties of halving makes Bitcoin scarcer. Don't you worry as it won't cause a serious problem but just a little disappointment although that doesn't make the people quit on buying and hodling a Bitcoin.

What can truly cause a panic is when Bitcoin itself has experienced a major issue, a bug or something that it won't likely be fixed anymore but I think the possibility of that to happen is only slim since Bitcoin is over 13 years old already. IDK if what makes you think that 2024 is the greatest halving when there are more halvings to come after this. There is always another chance and even not in the halving day, bull run can still come.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Leviathan.007 on February 01, 2023, 07:56:18 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

This fear is right if you compare it with the last having and the current situation of the market because mostly after any bitcoin halving we had a price fall for months and this will increase fear in the market because the market situation is not stable on that time and due to this instability people will usually wait and stop doing emotional actions and then we can have the price reaching higher levels and bull run starting on the market but since so far we had one of the worst price falls of bitcoin none knows what's going to happen on the incoming halving of bitcoin to the price.
 


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Zilon on February 01, 2023, 08:10:00 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
It is not just a mere believe by bitcoiner or forum members but this has to do with demand and supply. When the next halving sets in it will reduce the mining incentives and as well reduce the possible supply. Except the demand for Bitcoin doesn't increase but if it does then the boom is inevitable.

Quote
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
I am trying hard not to believe the bullish move experienced in January is not a preparation for the Bull run that will be experienced in 2024. But that aside. Only one thing will resist Bitcoin from experiencing a bull run which is limited demand. But as long as the demand increases it will be greenish even if it doesn't sum up to what was experienced in 2021 but it can't go bearish not after the halving.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: crypticj on February 01, 2023, 11:25:31 PM
Nah, I think it will be fine. I think there will be a bull run simply because people expect it to happen. But even if nothing big will happens after the halving, I don't think anything will change.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Quidat on February 01, 2023, 11:59:26 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
You've been on this market for a while now and you arent still get used to with halving event and possible market trend after or before that? We cant really make out conclusions whether it does
really give out huge effect or not.We dont know that it doesnt really happen on point but rather it do happens on several months after such event which means that we dont know if the halving
is the main reason on why such bull run did happen or there are other possible reasons.This is why its better not to make yourself get stressed on whatever things that do happen
on the halving event because its not always necessary that the market would really be making a move.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Bazzu on February 02, 2023, 12:38:00 AM
In my opinion, there is no need to be afraid of bitcoin halving, because in my opinion, having a bitcoin halving will actually make bitcoin have a bright future, because of course in the world of bitcoin, there should have been difficult situations before a good moment occurred. but of course we won't know for the future we'll just see.

in my opinion, think positively about it.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Hispo on February 02, 2023, 12:40:47 AM
I would not worry too much about it.
It is a matter of law, the law of supply and demand.

the demand right before the halving and after the halving will be practically the same, but the supply won't.  In my eyes, an eventual increase of price it would be just matter of time.

Has anyone actually been able to defeat the such economics law to this day, by the way? I don't think so.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: uneng on February 02, 2023, 01:05:31 AM
A halving without effects would mean the demand for bitcoin is decreasing, while what we see in fact is exactly the opposite. Demand for bitcoin is constantly increasing on long term and so far there aren't any evidences which lead us to believe investors are losing interest for btc. Halving is already an historical event which always brought the same positive impacts to bitcoin market. In order to speculate the opposite I think we should have a past halving which didn't trigger a bull run next. All the chances are at bitcoin's favour in this case.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: AverageGlabella on February 02, 2023, 01:12:15 AM
Even if there is no bull run, I think there will still be a noticeable increase that will happen because the properties of halving makes Bitcoin scarcer. Don't you worry as it won't cause a serious problem but just a little disappointment although that doesn't make the people quit on buying and hodling a Bitcoin.

What can truly cause a panic is when Bitcoin itself has experienced a major issue, a bug or something that it won't likely be fixed anymore but I think the possibility of that to happen is only slim since Bitcoin is over 13 years old already. IDK if what makes you think that 2024 is the greatest halving when there are more halvings to come after this. There is always another chance and even not in the halving day, bull run can still come.
I define a bull run as a sudden increase in price in a short time. A lack of a bull run could mean that btc is showing it is stabilizing and becoming less volatile which can help adoption which might increase the value of btc over a longer period but keep it there instead of the drops and increases we see. We do not want a bear market but bull runs can be damaging to adoption to.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: franky1 on February 02, 2023, 01:26:20 AM
i never intend to sell anytime soon so i dont care about market ATH

i value my coins by looking at the periodic BOTTOMS which go up per cycle. meaning more value is protected over time. as thats roughly the underlying store of value (non zero bottom)

find the lowest low of a 2-4 year period and compare it to previous 2-4 year low
and that 'bottom', is always bull

(my actual math for "value" and judgement is a more refined number under the market using offmarket data but you can without math, observe a similar thinking by just chart plotting each cycles bottom on a chart)
dont get into the minutia of daily price whims if you are not interested in selling daily


Title: Re: My greatest fear about Bitcoin Halving.
Post by: AverageGlabella on February 02, 2023, 01:35:15 AM
i never intend to sell anytime soon so i dont care about market ATH

i value my coins by looking at the periodic BOTTOMS which go up per cycle. meaning more value is protected over time. as thats roughly the underlying store of value (non zero bottom)

find the lowest low of a 2-4 year period and compare it to previous 2-4 year low
and that 'bottom', is always bull

(my actual math for "value" and judgement is a more refined number under the market using offmarket data but you can without math, observe a similar thinking by just chart plotting each cycles bottom on a chart)
dont get into the minutia of daily price whims if you are not interested in selling daily
Do you mind me asking if you have a value that you would sell at? or are you a btc maximalist? If you do not plan on selling why not? Why not sell and then buy back more if you think btc will go up in the long future? Timing it to buy a lot of btc in the bear markets and then selling after every halving for the next couple of them should see you with more btc then you would have if you bought it and just held onto it. I think there is little risk with this if you think btc will continue to rise in the future.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Pesona1 on February 02, 2023, 01:36:31 AM
A halving without effects would mean the demand for bitcoin is decreasing, while what we see in fact is exactly the opposite. Demand for bitcoin is constantly increasing on long term and so far there aren't any evidences which lead us to believe investors are losing interest for btc. Halving is already an historical event which always brought the same positive impacts to bitcoin market. In order to speculate the opposite I think we should have a past halving which didn't trigger a bull run next. All the chances are at bitcoin's favour in this case.
From the many experiences that have existed so far bitcoin has always experienced an increase in price even though it is not significant but still the halving day has had an effect on bitcoin, for the next halving day I think there will be an increase especially now that investors are starting to return to the market and this has been seen in the past few days an increase in bitcoin begins to occur besides that usually investor interest will start to grow before the halving occurs due to a decrease in supply or reduction and obviously this will trigger an increase in demand for bitcoin and will eventually trigger an increase in the price of bitcoin on the market.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: AverageGlabella on February 02, 2023, 01:49:27 AM
A halving without effects would mean the demand for bitcoin is decreasing, while what we see in fact is exactly the opposite. Demand for bitcoin is constantly increasing on long term and so far there aren't any evidences which lead us to believe investors are losing interest for btc. Halving is already an historical event which always brought the same positive impacts to bitcoin market. In order to speculate the opposite I think we should have a past halving which didn't trigger a bull run next. All the chances are at bitcoin's favour in this case.
From the many experiences that have existed so far bitcoin has always experienced an increase in price even though it is not significant but still the halving day has had an effect on bitcoin, for the next halving day I think there will be an increase especially now that investors are starting to return to the market and this has been seen in the past few days an increase in bitcoin begins to occur besides that usually investor interest will start to grow before the halving occurs due to a decrease in supply or reduction and obviously this will trigger an increase in demand for bitcoin and will eventually trigger an increase in the price of bitcoin on the market.
The halving has always had a significant affect on btc what do you mean? Do not focus on the 'day' as you keep saying but look at how the market reacts after. It will go up that is the point of it the amount of btc being put into circulation is going to steadily decrease so it creates fomo and means that miners do not get paid as much for discovering blocks. The true effects of the halving probably will not be seen until at least 6 months after but you will see it in the next years. If you do not see the effects of it then I would be worried that satoshis vision was wrong but so far the halving has always had a positive effect.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Strongkored on February 02, 2023, 03:00:00 AM
Bitcoin bullrun after halving will always happen because whales and large institutions will take advantage during a bullrun that is why whales or large institutions who own Bitcoin will push the price to continue to rise until they feel enough to take profits.
And if the US is going to make Bitcoin as legal tender it will be used by speculators to push the price up but that doesn't mean it's the only way to get Bitcoin to reach ATH in the bullrun after the halving.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Poker Player on February 02, 2023, 04:34:36 AM
I am not afraid of it

Bitcoin bullrun after halving will always happen because whales and large institutions will take advantage during a bullrun that is why whales or large institutions who own Bitcoin will push the price to continue to rise until they feel enough to take profits.

You've gone too far with "always". In 50 years' time too? It is normal that after the halvings the price will increase as long as the demand is maintained or increased. Theoretically, it could even be reduced a little and the price will continue to increase. But as has been mentioned, after each halving, volatility is most likely to be reduced and if in a few years we have a reduced volatility, it would not be impossible that after a halving we do not have a price increase.

For the nearer future, say the next 2 or 3 halvings, I am sure there will be bull runs.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: michellee on February 02, 2023, 04:58:50 AM
A halving without effects would mean the demand for bitcoin is decreasing, while what we see in fact is exactly the opposite. Demand for bitcoin is constantly increasing on long term and so far there aren't any evidences which lead us to believe investors are losing interest for btc. Halving is already an historical event which always brought the same positive impacts to bitcoin market. In order to speculate the opposite I think we should have a past halving which didn't trigger a bull run next. All the chances are at bitcoin's favour in this case.
From the many experiences that have existed so far bitcoin has always experienced an increase in price even though it is not significant but still the halving day has had an effect on bitcoin, for the next halving day I think there will be an increase especially now that investors are starting to return to the market and this has been seen in the past few days an increase in bitcoin begins to occur besides that usually investor interest will start to grow before the halving occurs due to a decrease in supply or reduction and obviously this will trigger an increase in demand for bitcoin and will eventually trigger an increase in the price of bitcoin on the market.
And before the halving day, investors prepare to buy lots of bitcoins so that they can sell their bitcoins at the peak price when the halving day comes. It's possible that they've been doing this since the previous halving, so they already have a lot of bitcoin ready to sell at peak prices. And when the next halving comes, it's sure to trigger the price to skyrocket and that means they don't need to sell most of their bitcoins to make a huge profit. They only need to sell a fraction of their bitcoins to take their profits while preparing for the next downturn. So we don't have to worry about anything.

And if no bull run is forthcoming after the next halving, we should stick around while accumulating more bitcoins, as the price can fluctuate more frequently.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: xSkylarx on February 02, 2023, 05:11:39 AM
That is really the point of view of the new holders right now because they think that in the past halving there are really new ATH which is why most of what I've known right now are starting to save money and buying Bitcoin. Though we should also understand the risk because the possibility of the price of the next halving would drop instead uptrend that is why we need to prepare also for this. Let's just see what will happen, i dont expect new ATH i do expect small bull runs or just green days unlike the previous year


Title: Re: My greatest fear about Bitcoin Halving.
Post by: justdimin on February 02, 2023, 05:12:50 AM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Miners will not lose interest because we would still be paying a good amount of money for it. If you think that miners are only mining because they like to get the rewards from bitcoin itself, you are very much wrong. They are mining for the fee already, that is why ETH got higher fee a year and a half ago, because they didn't want just the miners reward, they wanted higher fee to work, same goes for bitcoin.

It may look like they are not getting much individually from us right now, but collectively they are still getting a ton of returns. Plus, it is not going to be that hard to see most of them close shop, so the lesser amount of miners left will get bigger share.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: John Abraham on February 02, 2023, 11:25:53 AM
Bitcoin bullrun after halving will always happen because whales and large institutions will take advantage during a bullrun that is why whales or large institutions who own Bitcoin will push the price to continue to rise until they feel enough to take profits.
And if the US is going to make Bitcoin as legal tender it will be used by speculators to push the price up but that doesn't mean it's the only way to get Bitcoin to reach ATH in the bullrun after the halving.

If that's the case, What major steps were taken in 2021 when we saw a big bull run and touch ATH?
Maybe Elon Musks' involvement in Bitcoin and El Salvador as well? I believe Covid 19 played a good role as well. People were in lockdown, and they were trying to find make easy money. A lot of newbies invested in Bitcoin to get some profit. Yeah? nah? Well. I am not a good speculator. That's just my assumption about the last bull run and ATH.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: GideonGono on February 02, 2023, 11:40:46 AM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Well if there wouldn't be a bull run on the next halving it could really create a FUD on the industry or community.
We got used to the cycle of Bitcoin and your fear might come true anytime, the cycle could break and make a new one.
I am sure that if that ever happens the price would crash down since many people would decide to quit or lay low for awhile.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: arwin100 on February 02, 2023, 11:47:48 AM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

Bitcoin halving from the past didn't get any decline and always it follows with a bull run so we can expect that this will also happen since many other people will think about it also. The beliefs of the people will converted to demand that's why we see the price keep pumping so don't expect anything bad about it since for sure we can see great price pumps when halving happens. Nobody want to left behind about it and some people are now accumulating and maybe this is the reason why the price is slowly pumping at the moment.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: bmwister on February 02, 2023, 12:29:35 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

Over 90% of bitcoins have already been mined. But it is estimated that they will stop being mined in about 2140, because with each halving, their mining slows down.

The bitcoin price drops about a year after it peaks to about 17% of its peak value. But it never falls below the lowest point before the peak. For example, after the second halving, bitcoin's peak price was above $19,000. And when it fell, bitcoin was worth just over $3,000.

If the cycle of rise and fall of bitcoin price due to halving repeats, bitcoin will rise in price again in 2024. But that's hard to predict 100% of the time.

So, I don't think it's worth worrying about for now. For now we live, we mine, we buy BTC, and then we'll see.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Synchronice on February 02, 2023, 12:30:33 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
If the new halving comes and goes without any kind of bull run, it either means that electricity prices are going down and USD is strengthening or bitcoin lost the dominance. Neither is going to happen, instead, electricity price will go up and USD may weaken, plus, cryptocurrencies are gaining priority in terms of trust over dollar among nations too.
So, logically, it should go up and there will be no panic. The growth rate won't be as high as before and I hope that won't really cause panic because it's already pretty damn huge and we can't expect 10 or 100 times more growth as we have seen before, this way the next halving will be different.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: AverageGlabella on February 02, 2023, 12:45:54 PM
he nearer future, say the next 2 or 3 halvings, I am sure there will be bull runs.
I think you will probably be right but the bull runs will have to stop eventually if we want to be considered a reliable currency to invest in because we want btc to stabilize otherwise companies will never want to accept it. Wikipedia is a good example because they accepted btc but when we entered a bear market they stopped accepting btc even though it does not cost them anything to stick a btc address on their donation page. I think their reasoning was because btc is not stable enough and was being made illegal in countries. We need btc to stabilize soon if we want more companies to accept it.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: BigBos on February 02, 2023, 01:55:53 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
I don't think it's going to be a big bang the volatility will be the same in general as it was years ago because no whales have that many bitcoins and again the investors are in different countries in different time zones definitely not going to be a boom down like you described, secondly there may be bitcoins that have lots of bitcoins for the next 5-10 years not for the 2024 halving.
Talking about the bull run, there must be like what we saw in the last 2 weeks of January, I think that includes the bull run, I think the bull run will go like that.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Yatsan on February 02, 2023, 02:37:05 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
I get your point; tendencies of occuring the other way around. But we cannot do anything about it if that's the case. The market price is volatile so for sure there'll be other periods to anticipate other than Bitcoin halving. But to somehow lessen your worries, majority of people are expecting for a huge thing in the next fork and that is already something to consider, such that the market price of not only Bitcoin but also with others. The market price of cryptos are dependent with the demand solely. So if there is already a hype then the demand should be expected to be high, likewise with market prices. But if you're that worried, then wait for the right time to enter; once there is a clear sign of bullish run.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: uneng on February 02, 2023, 04:31:41 PM
A halving without effects would mean the demand for bitcoin is decreasing, while what we see in fact is exactly the opposite. Demand for bitcoin is constantly increasing on long term and so far there aren't any evidences which lead us to believe investors are losing interest for btc. Halving is already an historical event which always brought the same positive impacts to bitcoin market. In order to speculate the opposite I think we should have a past halving which didn't trigger a bull run next. All the chances are at bitcoin's favour in this case.
From the many experiences that have existed so far bitcoin has always experienced an increase in price even though it is not significant but still the halving day has had an effect on bitcoin, for the next halving day I think there will be an increase especially now that investors are starting to return to the market and this has been seen in the past few days an increase in bitcoin begins to occur besides that usually investor interest will start to grow before the halving occurs due to a decrease in supply or reduction and obviously this will trigger an increase in demand for bitcoin and will eventually trigger an increase in the price of bitcoin on the market.
The halving has always had a significant affect on btc what do you mean? Do not focus on the 'day' as you keep saying but look at how the market reacts after. It will go up that is the point of it the amount of btc being put into circulation is going to steadily decrease so it creates fomo and means that miners do not get paid as much for discovering blocks. The true effects of the halving probably will not be seen until at least 6 months after but you will see it in the next years. If you do not see the effects of it then I would be worried that satoshis vision was wrong but so far the halving has always had a positive effect.
Most commonly halving effects can be experienced by 1 year after the event. The expectations is that by 2025 bitcoin will be in a new bull season, towards a new ATH. It's true there are no guarantees, but I'm pretty confident that prediction is going to come true by looking the degraded state of fiat currencies, the adoption of CBDCs by governments, lack of trust from average citizens in centralized parties and institutions, and trust plus reputation bitcoin has been building since the beginning.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: LoyceMobile on February 02, 2023, 04:33:47 PM
As theymos put it a couple of years back: it takes a while to feel the scarcity. Eventually, there will be less new bitcoins on the market, and that affects the price.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: franky1 on February 03, 2023, 05:31:47 AM
As theymos put it a couple of years back: it takes a while to feel the scarcity. Eventually, there will be less new bitcoins on the market, and that affects the price.

to explain loyces thing in detail
its not about market custody/reserves. its about the amount of coin on offer on a market orderbook listing thats being processed that second.

it doesnt matter how many coins are in circulation or custodianised on a market..
the price is not linked to coins in circulation/custody

it only matters what amount of coin is offered to the present buyer for the present buyers amount of fiat
and that does not have to be whole coins. it can be decimal amounts

thus its nothing like the nasdaq "shares" economics of needing to sell whole shares
..
how much is offered on a current orderbook listing being processed that second is also a decision where

its the underlying cheapest cost of acquisition(mining cost of most efficient miners. that set a bench underlying value no one wants to sell below)

and then on the market even if a market only has 200k btc or 575k btc custodianised people speculate above that underlying value..
...


EG
2012 had 10.5m coins in circulation
               mtgox had 200k coins
              
2023 has 19m coins in circulation
               binance has 575k coins

yet this (high school 'nasdaq' economics(facepalm)) would suggest more supply = lower price

but no. because miners costs per coin is the main underlying decider of a non zero bottom, the price went up on the market that speculate above the non zero bottom

EG if buyer in 2012 only offered $500 they would get~100btc
EG if buyer in 2023 only offered $500 they would get~0.02btc

because the cheapest bitcoin mining is X means everyone refuses to sell below X
and its this X that has increased in cost over the years due to more difficult hash cost requirement and also less reward offered for that hashing cost


Title: Re: My greatest fear about Bitcoin Halving.
Post by: BenCodie on February 03, 2023, 02:23:21 PM
Miners are the ones who are most effected by the halving. I am not saying that they manipulate the price, but I will say that it is "oddly coincidental" that around each halving the price tends to rally. Usually after the halving, as the market expects prices to go up at the moment it happens (the market tends to do the opposite of what people expect). The fact is, if prices don't go up, eventually miner revenue/profit goes down significantly and operations start to become less viable to run. If there is a cheaper energy source that manages to power their operations at a much cheaper price, maybe the price won't tend to rally as the cheaper energy source will make up for the change in revenue. I doubt this though. I believe that the halving is one of the economic encodings in securing bitcoin's market value in the long term.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: BenCodie on February 03, 2023, 02:47:05 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
  Forecasting Bitcoin on a bull in 2024 cannot be determined or predict by any one that why it is advisable to also study the market structure when it make a move to demilish u sell ur coins.

Actually, it can be. History proves this since the creation of Bitcoin. It is also logical for miners economically (explained in my post above yours). The halving is also one of the economic factors encoded into Bitcoin that helps propel it as the need for it inevitably continues to rise. As banks, institutions and fiat money continue to evidently deteriorate, this only brings more certainty (not financial advice). There are variables like adversary response or action toward the market, though these variables never proved to be effective in the past and there is not much reason to support that they would be permanently effective now.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: HONDACD125 on February 03, 2023, 02:49:06 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

I think this will cause a big problem and panic in market. The 2024 halving is considered to be the biggest hype factor that could drive the market and Of course, there's always the possibility that the US government could make Bitcoin a legal currency, which would definitely be a game-changer and will create more hype and we will see new ATH for Bitcoin.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Erumo on February 03, 2023, 02:50:42 PM
Feer nothing until you have got the key to your wallet. Each price change is temporary. You just have to take a decision when exactly you wish to get free from your crypto. Everyone expect something special from Bitcoin halving, but nothing major really happens before and after it. Bull or bear market runs have nothing to do with halving imho. These are just periods that happens uncontrollably and unpredictably imho.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: serjent05 on February 03, 2023, 03:17:50 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
  Forecasting Bitcoin on a bull in 2024 cannot be determined or predict by any one that why it is advisable to also study the market structure when it make a move to demilish u sell ur coins.

Bitcoin will be in a  bull run in 2024 prior to Bitcoin halving and peaking in 2025, the history of the Bitcoin cycle is one of the references that it is possible to happen.  It does not only happen once but twice - thrice already.

I agree that no one can precisely predict the future but we can always speculate, something like an intelligent guess with some proof of historical references of Bitcoin four year cycle.

Miners are the ones who are most effected by the halving. I am not saying that they manipulate the price, but I will say that it is "oddly coincidental" that around each halving the price tends to rally. Usually after the halving, as the market expects prices to go up at the moment it happens (the market tends to do the opposite of what people expect). The fact is, if prices don't go up, eventually miner revenue/profit goes down significantly and operations start to become less viable to run. If there is a cheaper energy source that manages to power their operations at a much cheaper price, maybe the price won't tend to rally as the cheaper energy source will make up for the change in revenue. I doubt this though. I believe that the halving is one of the economic encodings in securing bitcoin's market value in the long term.

It is a domino effect.  First, the miner will be affected because of the reduced block reward but later on miners adjust their prices affecting the market.  At the end even the retailer and buyers are affected by this Bitcoin halving


Title: Re: My greatest fear about Bitcoin Halving.
Post by: John Abraham on February 03, 2023, 03:54:08 PM
As theymos put it a couple of years back: it takes a while to feel the scarcity. Eventually, there will be less new bitcoins on the market, and that affects the price.

If I am not wrong, More scarcity means fewer bitcoins on the market, and it will pump up the price of the Bitcoin.
I heard if you sent bitcoins to an address that doesn't have access to anyone, and it's lost. This matter helps bitcoin to grow up in price as well. How strong this statement it is? I didn't believe this at that time. But, If scarcity affed the price, That's mean it's kind of true. What do you think about it?


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Osama Maaz on February 03, 2023, 08:02:30 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Actually halving means the mining reward of bitcoin is get half and then then selling pressure from miners is cuts in half then market supply is less and demand is increasing therefore BTC price is pumping and then FOMO comes many investors and institutes buys bitcoin and this create a high demand on btc in market results high pumps and traders not selling because of hype and people coming day by day , trends starts on social media results of market breaks his all time high .


Title: Re: My greatest fear about Bitcoin Halving.
Post by: molsewid on February 04, 2023, 06:49:08 PM
It's highly likely that after a certain halving date, the price effect would likely be far less spiky compared to past halvings. Instead, we'd probably have a slow and steady uptrend, which is far more preferable in my opinion — if we'd look at bitcoin in the lens of a currency/SoV rather than a hype asset.
Honestly, yes it is true there will be some chance that halving can't give us that peak like what it did last time. If we are looking to the outside scenario many miners quit their mining activities due to electricity cost and maybe because they can't mine too much now maybe because of the speed? I am not expert in this thing but on the other side as well, recession will come many normal people like me can't afford buying in big amount only enterprises and whales can buy in bulk and must be ready to the halving. It can go up of course since from what I am seeing we are still in the phase of recovery.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: KupaCrypto on February 04, 2023, 07:04:21 PM
The halving policy that occurs every four years and expected to occur April next year, I predict it will be a kind of different from the ones that have happened in the past  due to the way people now invest massively in bitcoin and it might make the rise in price a bit low and for a long term.

I don't have a fear about the halving policy that will happen next year all  am doing now is buying as many as I can buy now so by next year we see what happens


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Hamza2424 on February 04, 2023, 07:18:00 PM
2024, a Halving without a Bull run seems weird bro I don't believe this all as every time market fads occur and it's natural also these fads are temporary. On the second point of the US Bitcoin regulation, I think it's early to consider that the USA or any major country is going to make Bitcoin a legal tender except for Russia. China has its own agenda of Digital Yuan and for the USA and European countries, i think it's quite hard to accept the BTC as legal tender for many reasons market domination in the economy is a major one.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Taskford on February 04, 2023, 08:32:34 PM
It's highly likely that after a certain halving date, the price effect would likely be far less spiky compared to past halvings. Instead, we'd probably have a slow and steady uptrend, which is far more preferable in my opinion — if we'd look at bitcoin in the lens of a currency/SoV rather than a hype asset.
Honestly, yes it is true there will be some chance that halving can't give us that peak like what it did last time. If we are looking to the outside scenario many miners quit their mining activities due to electricity cost and maybe because they can't mine too much now maybe because of the speed? I am not expert in this thing but on the other side as well, recession will come many normal people like me can't afford buying in big amount only enterprises and whales can buy in bulk and must be ready to the halving. It can go up of course since from what I am seeing we are still in the phase of recovery.

No guarantee but halving effect gives big hype so most provably we can still see some great movements since when this time people always look forward for the growth. Many people hodl at the moment for that event so when there so many people are talking about pump this where the hype starts and it follows all positive changes. We don't see a halving effect didn't get a negative scene so maybe dump at that time is not possible to see.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: _BlackStar on February 04, 2023, 09:11:29 PM
No guarantee but halving effect gives big hype so most provably we can still see some great movements since when this time people always look forward for the growth.
Of course, there's bound to be lot of hype about the halving and people are getting ready to kick it. The most likely possibility would be  price increase, but as to how big it would be everyone would be wondering.

Many people hodl at the moment for that event so when there so many people are talking about pump this where the hype starts and it follows all positive changes. We don't see a halving effect didn't get a negative scene so maybe dump at that time is not possible to see.
This cycle is very likely to repeat itself, but of course we need enough support to get through the previous ATH. The history of the creation of the highest price is almost certain to be achieved in every halving cycle, but until now no one can really say for sure. We are only between one belief, that the halving can bring more demand for bitcoin so that the highest price can be reached.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: KingsDen on February 04, 2023, 09:19:47 PM
2024, a Halving without a Bull run seems weird bro I don't believe this all as every time market fads occur and it's natural also these fads are temporary. On the second point of the US Bitcoin regulation, I think it's early to consider that the USA or any major country is going to make Bitcoin a legal tender except for Russia. China has its own agenda of Digital Yuan and for the USA and European countries, i think it's quite hard to accept the BTC as legal tender for many reasons market domination in the economy is a major one.
Many people misunderstood the second part of my statement.  Well in the OP, the first part of the statement was used to express my fears while the second part was just a figure of speech used to imply the kind of force which would replace the force of halving bull run incase it fails.
Anyways, I have read some reasons to believe that halving bull run will not fail. Let us believe with facts that it will not fail because if it does, it won't be easy


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Casdinyard on February 04, 2023, 10:16:12 PM
Most people misrake the hype that bitcoin halving brings as the only reason why it will increase in value. Which is true to some degree don't get me wrong. But apart from that, the main reason why bitcoin's price increase and why hype around it rises is the fact that it halves the circulating supply of bitcoin in the market, effectively increasing the demand for the coin and in result the price. So will there be a time whe bitcoin halving comes and the price doesn't move? Yes. But that will be when bitcoin stops getting transactions and users to support. As long as there is support and users, bitcoin will remain valuable.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Fivestar4everMVP on February 04, 2023, 10:41:17 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Nothing to be afraid of, regardless of whatever happens in 2024, i think it makes no sense to start to worry over the unknown, what be the outcome of the price of bitcoin after 2024's halving is not in our hands to control, neither is there any body out there that controls it, if 2024 halving come and go without a bull run, bitcoin remains bitcoin and nothing will change that, those who would sell would sell and those would buy would buy, life will continue to go on and bitcoin will continue to make money for those who know their way around trading.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Taskford on February 05, 2023, 12:15:47 PM
No guarantee but halving effect gives big hype so most provably we can still see some great movements since when this time people always look forward for the growth.
but as to how big it would be everyone would be wondering.


That's for people to find out about what will be the possible outcome on next halving because not every halving will show the same pump percentage and it always shows different price angle. But what's good thing about that still we see some positive movements and the only thing we need to do is to follow the market updates so that we will also do what other do when they decide to take their profit.

Many people hodl at the moment for that event so when there so many people are talking about pump this where the hype starts and it follows all positive changes. We don't see a halving effect didn't get a negative scene so maybe dump at that time is not possible to see.
This cycle is very likely to repeat itself, but of course we need enough support to get through the previous ATH. The history of the creation of the highest price is almost certain to be achieved in every halving cycle, but until now no one can really say for sure. We are only between one belief, that the halving can bring more demand for bitcoin so that the highest price can be reached.

Yeah support will be their once price will starting to increase since provably are in accumulating mode so those things will be build up especially when many people frequently set their buy orders.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Inwestour on February 05, 2023, 12:42:54 PM
Honestly, yes it is true there will be some chance that halving can't give us that peak like what it did last time. If we are looking to the outside scenario many miners quit their mining activities due to electricity cost and maybe because they can't mine too much now maybe because of the speed? I am not expert in this thing but on the other side as well, recession will come many normal people like me can't afford buying in big amount only enterprises and whales can buy in bulk and must be ready to the halving. It can go up of course since from what I am seeing we are still in the phase of recovery.
The problem for miners is not only that electricity is expensive, but the price of bitcoin also plays a role. After all, if the price of bitcoin is twice as expensive, then it will again be profitable to mine. It is clear that many cannot just wait for halving and mine at a loss all this time, but as the price rises, as it is currently happening, the situation will improve.

Halving plays an important role in price growth, but it is definitely one of the components of this process, and only in the aggregate it will give us the result that we are all waiting for. I will not be upset if there is no big increase after the halving, because I do not expect anything extraordinary from this event.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: alan2here on February 05, 2023, 12:56:37 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Nothing to be afraid of, regardless of whatever happens in 2024, i think it makes no sense to start to worry over the unknown, what be the outcome of the price of bitcoin after 2024's halving is not in our hands to control, neither is there any body out there that controls it, if 2024 halving come and go without a bull run, bitcoin remains bitcoin and nothing will change that, those who would sell would sell and those would buy would buy, life will continue to go on and bitcoin will continue to make money for those who know their way around trading.
Alright, let me break it down for you. There's no need to get all freaked out about what might happen in 2024 with the halving. The truth is, no one has a crystal ball and we don't know what the future holds. So, instead of losing sleep over something that's beyond our control, let's focus on what we can control.

And even if the halving doesn't go exactly as planned, it's not the end of the world. Bitcoin will still be rockin' and rollin', providing opportunities for those who know how to play the game. So why waste our time and energy worrying about something that might not even happen? Let's keep our heads up and keep moving forward.

In a nutshell, don't worry, be happy!


Title: Re: My greatest fear about Bitcoin Halving.
Post by: QueenVera on February 06, 2023, 05:06:18 AM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

In late 2017 or about early 2018, Bitcoin had a massive spike in price and was trading for a record price of $20k. Then It was the first time Bitcoin was getting to that milestone and shortly after the bear market came alone to drive the price down to about $3k-$4k. After this massive decrease in price, many people thought Bitcoin would never go that high again but it did in 2021 as Bitcoin crossed the previous all time high and set a new one.
Now when that new high of about $69k was reached, many didn't believe that was the top as they expected similar spike in price as it did in the previous bull cycle but it didn't happened and many people were caught off guard. I just told this story so you know Bitcoin has its own well of operation and doesn't follow any prediction.
2024 might come and it'll be a slow year all through most of the year then  close to the ending, suddenly the volumes starts spiking up and Bitcoin crosses a new all time high that same year or the very next year 2025 which is usually the time Bitcoin moons.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: pawanjain on February 06, 2023, 06:48:31 AM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

If it becomes so predictable that bitcoin price would spike up before the halving then I guess everyone would be buying right now.
I think it will change soon or may be it is changing right now. The old timers are aware of it and would have already bought their bag.
It would need some huge investment from institutional investors to start a bull trend now.
Besides that, we still have time for the bitcoin halving and may be more investors dive in by that time to invest in bitcoin.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: boyptc on February 06, 2023, 08:46:23 AM
Many people misunderstood the second part of my statement.  Well in the OP, the first part of the statement was used to express my fears while the second part was just a figure of speech used to imply the kind of force which would replace the force of halving bull run incase it fails.
Anyways, I have read some reasons to believe that halving bull run will not fail. Let us believe with facts that it will not fail because if it does, it won't be easy
I agree.

Let's just stick to that pattern thinking that everything's going to be fine. It's common to think of what IFs because we care for bitcoin and unexpected things might really come.

But it's all speculation until it actually comes into reality.

The thing is, we're all caring for what's about to happen and we're just a year afar from it and thoughts that we want to express really differs but in the end, we all want to succeed together with bitcoin.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: S A KHAIR on February 06, 2023, 02:12:20 PM
On the second point of the US Bitcoin regulation, I think it's early to consider that the USA or any major country is going to make Bitcoin a legal tender except for Russia. China has its own agenda of Digital Yuan and for the USA and European countries, i think it's quite hard to accept the BTC as legal tender for many reasons market domination in the economy is a major one.

What makes you think Russia will accept bitcoin as legal tender? Countries that are accepting bitcoin as legal tender are countries on the verge of default, poor countries, Russia is not. War doesn't make them as poor as you think. There won't be any major power accepting bitcoin as legal tender, I'm pretty sure of that, if the US accepts, unless they want to kill USD, they want to kill themselves.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: KupaCrypto on February 07, 2023, 03:14:32 AM
Bitcoin is very popular in the world and peoples are benefiting from it. We cannot say anything about Bitcoin ups and downs. May be Bitcoin will halve or double in 2024. it is hard to predict now. The Crypto news coming on these days seems to bode well for bitcoin future.
The halving policy occurs every 4 years next year it's expected to occur and when it does there is every tendency that the price of bitcoin will increase, so bro get more bitcoin, invest more , buy as many you can buy bro because next year an increase in the value is expected.
The future of bitcoin is already safe and secured,  the news and updates coming in are very positive if you ask me, those Everything in life is a risk , let's make the rusk worth it.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: John Abraham on February 07, 2023, 08:06:06 AM
Bitcoin is very popular in the world and peoples are benefiting from it. We cannot say anything about Bitcoin ups and downs. May be Bitcoin will halve or double in 2024. it is hard to predict now. The Crypto news coming on these days seems to bode well for bitcoin future.

I don't know what you understand about halving. We are not talking about price halving here. At this moment, Bitcoin miners get 6.25 Bitcoin for each successful block they mine. The Block reward will get half every four years. That's Bitcoin halving. The next halving is estimated in 2024. After the halving, Miners will get 3.125 for each successful block they mine. I hope you understand. If not, You may read more here - What Is Bitcoin Halving? Definition, How It Works, Why It Matters (https://www.investopedia.com/bitcoin-halving-4843769)


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Teatotal on February 07, 2023, 12:12:44 PM
It will Absolutely depend on the price of Bitcoin in and around the time of the halving.
If it's not prudent to sell it they wont or if it's in the middle of an obvious bull run let it run


Title: Re: My greatest fear about Bitcoin Halving.
Post by: KupaCrypto on February 07, 2023, 08:26:49 PM
It will Absolutely depend on the price of Bitcoin in and around the time of the halving.
If it's not prudent to sell it they wont or if it's in the middle of an obvious bull run let it run

Yes exactly, the bull market will even make the halving more Interesting, since nany investors like myself are buying and stacking it for the price to rise,  we can't really predict the actual outcome of the halving when it comes to the rise in price of bitcoin but one thing I know it will be by far favourable , so bro buy more BTC, but and invest as many as you can , after buying chill and let's watch the actual outcome come next year, one thing I know if the price goes up like twice the present price and you didn't invest you are not going to forgive yourself.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Mahanton on February 07, 2023, 08:59:09 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Dont be afraid because there's nothing you should really be scared off, whether there would be some price increase or not on the halving event whether before or after then no one really knows.
This is why it would really be that better for you to make yourself that get used to or really just that accepting for whatever things that we might faced up on that time.There's no difference
on where we are now and on the time that it is upcoming.It would always matter nor depend on the demand as always which it would be always the key or reason
for the price to climb up on levels that we arent even anticipating.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: yohananaomi on February 09, 2023, 09:12:28 PM
It will Absolutely depend on the price of Bitcoin in and around the time of the halving.
If it's not prudent to sell it they wont or if it's in the middle of an obvious bull run let it run

Yes exactly, the bull market will even make the halving more Interesting, since nany investors like myself are buying and stacking it for the price to rise,  we can't really predict the actual outcome of the halving when it comes to the rise in price of bitcoin but one thing I know it will be by far favourable , so bro buy more BTC, but and invest as many as you can , after buying chill and let's watch the actual outcome come next year, one thing I know if the price goes up like twice the present price and you didn't invest you are not going to forgive yourself.
bitcoin always has the character to repeat what has been done either to go down or increase. when the era of the halving period will occur, it is certain that prices will increase, because the halving process is a reduction in income from mining, where finally the economic law occurs, the large number of requests and few goods will make goods increase in price, that's what happened with bitcoin.
every period of the halving era will be accompanied by a bull market period, the price of bitcoin will increase and this is an event that is repeated by bitcoin, remember the halving period will occur in May 2024 so be prepared to continue buying and saving.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Maestro75 on February 09, 2023, 09:50:58 PM
My greatest fear is; what if 2024 halving comes and go without any kind of bull run?

That is very unlikely. Bitcoin halving causes shortage in supply of bitcoin because of the reward per block. And we know in basic economics that shortage in supply will mean increase in demand and that will result to scarcity. With scarcity, price goes crazy. All the past bitcoin halving produced bull run and I do not see that in 2024 being different.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Quidat on February 09, 2023, 09:57:30 PM
My greatest fear is; what if 2024 halving comes and go without any kind of bull run?

That is very unlikely. Bitcoin halving causes shortage in supply of bitcoin because of the reward by block. And we know in basic economics that shortage in supply will mean increase in demand and that will result to scarcity. With scarcity, price goes crazy. All the past bitcoin halving produced bull run and I do not see that in 2024 being different.
Supply and demand as always and if we do see that newly generated coins where rewards is been halved once again and the demand is still or increasing then we do know on what happens next.
It is really just that we dont really know on what would actually happen but at least we do have the idea on its possible path considering that we've seen the past halvings which
it did really cause for Bitcoins price to reach up on numbers which we didnt even anticipate for it to happen and this is why its up to someone whether they would
be taking up some risk on investing or not.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: serjent05 on February 09, 2023, 10:01:43 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

This feeling is almost the same during the year 2018-2020  when Bitcoin keeps on crashing.  Most of the Bitcoin holders cash out and got shaken during the price collapse but little that they know that Bitcoin will surge by the year 2021.  

The year before the halving of 2020,  there is also no sign of waves that can trigger Bitcoin to break its ATH but it happens in 2021 just like a natural course.  So I think, we don't have to think too much atm since adoption is still in the process and things will take their natural ways just like what happened in 2021, I believe Bitcoin will repeat the history of breaking ATH again.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: BitcoinPanther on February 09, 2023, 10:08:22 PM
My greatest fear is; what if 2024 halving comes and go without any kind of bull run?

That is very unlikely. Bitcoin halving causes shortage in supply of bitcoin because of the reward per block. And we know in basic economics that shortage in supply will mean increase in demand and that will result to scarcity. With scarcity, price goes crazy. All the past bitcoin halving produced bull run and I do not see that in 2024 being different.

No, Bitcoin halving does not cause shortage of supply but rather cause a psychological effect of people thinking Bitcoin will become rarer due to halving of incoming supply.  It cause a logical idea of smaller supply and bigger demand due to increasing adoption, creating hype to the point of FOMO when the price starting to spike.  It is a domino effect that has Bitcoin price surging at the end of the rope.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Smartvirus on February 09, 2023, 10:16:27 PM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
An idea that have moved humanity for a long time is the idea of hope, that there certainly is a better tomorrow. Even when today throws such shit at you that you don't think you could handle.  Having to think or believe in the idea that there is a tomorrow that can be better than today is what keeps us going.

That's the idea that surrounds the halving for crypto enthusiast around the world. At the moment when the bears seems to rock the cryptospace, the halving sows a seed of hope for all hodlers and future investors. All it needs is that, investors come pouring in but, what if they don't and the expected bullrun never happens?

I guess we would have to find a reason for the period and have hope for a next one, lol...


Title: Re: My greatest fear about Bitcoin Halving.
Post by: Cookdata on February 09, 2023, 10:55:08 PM
I have this kind of vibe that bitcoin will revive in price and the network usage will multiply come 2024, the short term wave will come before the bull run and the mega wave will come after the halving, this is how the bitcoin cycle works and that's how it will continue to be except may be some little changes in its metrics but rest assure, it will move.

There is something I also understand earlier this year from bitcoin, what did I learn? Bitcoin price will be move by the whales regardless of how you feel, the price you think as support and resistance, if they wish to move past them, they will without thinking it twice, this is what I have understood about the bitcoin market. Also, litecoin having is some months away and some whales are already preparing in advance, bitcoin will move regardless my friend.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: pantek talacuik on February 10, 2023, 01:50:54 AM
No, I think your doubts are absolutely unfounded.

Very touching short answer to make people think it's going to happen, I didn't see exactly what the caption was about so this wouldn't happen and it became a joke later.


Title: Re: My greatest fear about Bitcoin Halving.
Post by: KingsDen on February 10, 2023, 10:44:49 AM
Many people misunderstood the second part of my statement.  Well in the OP, the first part of the statement was used to express my fears while the second part was just a figure of speech used to imply the kind of force which would replace the force of halving bull run incase it fails.
Anyways, I have read some reasons to believe that halving bull run will not fail. Let us believe with facts that it will not fail because if it does, it won't be easy
I agree.

Let's just stick to that pattern thinking that everything's going to be fine. It's common to think of what IFs because we care for bitcoin and unexpected things might really come.

But it's all speculation until it actually comes into reality.

The thing is, we're all caring for what's about to happen and we're just a year afar from it and thoughts that we want to express really differs but in the end, we all want to succeed together with bitcoin.
I know that it is important to think less about things you cannot control but most times you need to think about them and see if we have possible solutions. If there are no solutions, some people might give you concerning wills and directions on how to deal with that event whenever it happens. But shying away from it totally may take us unaware when it happens and 2024 is not far from now and bitcoin halving is one thing that must happen. It is therefore necessary that we discuss it and have a resounding believe in Bitcoin we3ther having goes well or not