Bitcoin Forum

https://i.ibb.co/9G5TsXY/joe.png (https://www.youtube.com/watch?v=I4RIoCcJUO4)
Today I saw an interesting video by Joe Burnett [Head Analyst at Blockware Solutions], regarding upcoming Halving, you could stream it on Youtube (https://www.youtube.com/watch?v=I4RIoCcJUO4)

So the season of halving is here, speculations about Bitcoin halving are everywhere now. So now there is only one question in everyone's mind what the upcoming Bitcoin halving means!

you can say mining rewards are cut in half, new bitcoins are entering into the network in half, blah blah...

In simple words, we could say "Supply Reduction", the supply gets cut in half.

There is a historical chart of supply and demand that everyone knows
For exmpl, the oil supply to USA getting cut in half. Does the price go up or down?
A reduction in the supply of commodities, while demand remains constant or increases, typically leads to higher prices.
https://i.ibb.co/T1SF7zh/Supply-vs-Demand.png

📌2012 Bitcoin Halving(1st):
    Total new Bitcoins Supply will be: 5.2M+ BTC
    Price on Halving Day: $12.35
    New ATH: $12K+

Before 1st halving the new bitcoin supply was ~10M+, so miner had to sell that sum of BTC to cover their mining expenses and take a profit.
After the halving, the new bitcoin supply was ~5.2M+ BTC, so it is simple that miners will never sell that sum of BTC at the same price they sold before the halving. So a baby can understand price must have to go up to buy fresh BTC from miners. When selloff done BTC got its new ATH $12K+


📌2016 Bitcoin Halving(2nd):
    Total new Bitcoins Supply will be: 2.6M+ BTC
    Price on Halving Day: $670
    New ATH: $19K+

In 2nd Halving, supply was reduced and miner had to sell a lower amount of BTC to cover their expenses and make profit, so automatically prices had to go up to make the system functional. After the selloff, BTC got its new ATH $19K+

Here supply was reduced by (~half) and the price increased to (~double)


📌2020 Bitcoin Halving(3rd):
    Total new Bitcoins Supply will be: 1.3M+BTC
    Price on Halving Day: $8787
    New ATH: $60K+

Now come to Twenty Twenty halving, supply reduced by (~half), Demand increased (~3x)
Market got a new ATH of $60K+ because of the vast adoption of BTC and Institutional adoption.


📌2024 Bitcoin Halving(4th):
    Total new Bitcoins Supply will be: 600K+ BTC
    Price on Halving Day: ??
    New ATH: ??

After the 4th halving miner will be able to generate only 600K+ fresh BTC to cover their expenses and fulfill their satisfaction. only 600K😲😲!! 17500x lower from the Genesis day!! So miners will never release their fresh BTC to anyone if he does not offer a handsome amount of $ $🢁


https://i.ibb.co/HKg4T73/btc.png
Source: bitget.com (https://www.bitget.com/web3/academy/what-is-the-bitcoin-halving)

The pool of marginal sellers are drying up day by day🌵,, Could you imagine where the price will go after the halving!!
Actually, I don't think we people understand how big it will be. Before, we always had selling pressure from miners, now we're going to have continued buying pressure.

It will be the historically biggest pump ever we have seen when the selling pressure from GBTC runs out.
However, this financial market is influenced by various factors, price movement is also complex. But the direction is constant, it's only 🚀🚀.
So, I wanna say if you guys were able to work out in which way the price of oil goes then you could make your fate...

What do you think will be the price on halving day?? :)

We are living interesting times.

If you look closely at the Bitget chart you included in the post, you can see that while from 2011 to 2013 you can draw a diagonal line, the lines you draw until the last Halving seem to become much flatter.

Honestly it looks as if within two more Halvings Bitcoin will only rise by a little bit percentage wise.  Price wise it will continue to look crazy, but this is why it is important to become an investor NOW.  Invest now and at 100,000 Dollars per Bitcoin you will have over 100 percent profit.  Invest at 100,000 Dollars per Bitcoin and you will likely get much less than that.  Because to be honest, how high can it go really.

I really hope we will see millions of Dollars per Bitcoin.  But I doubt it happens soon.  Anyway.  Crazy times.  This is the year that makes things crystal clear to me about how predictable and crazy Bitcoin goes again in the future.

I just saw your 2nd image to be invalid but you have fixed it quickly. Anyway, it's going to be huge as in huge in a sense that if we're going to compare with the last halving and bull run, we have never expected it to be like that. So, I guess that's always the thought that we're gonna have for this upcoming halving and its effect, we should expect the unexpected. While many are discouraged at these times because they haven't bought Bitcoin at an early age or a few years ago, their mindsets are always that Bitcoin has to do double for them to have double profits. That's not it, it's about the long term vision that you have on it and how it is like having on the safe side of investing. While they have a point but still, nothing beats the slow growth and surprisingly that slow motion will lead it to the unexpected price. If $100k haven't reached last bull run then, the hopes are higher that it will be this time.

There is no limit as long as they keep printing more dollars. At some point Big Macs per Bitcoin are a better comparison than dollars: what matters is if you can buy more or less with your Bitcoin 4 years from now.

Over the next two halvings we would be at ~21 million bitcoins which is over 99% of the total supply. When you go that high in the total supply cap the remaining halvings start to have less effect on the price, resulting in lesser increase by percentage compared with what we had couple of years ago.

A million dollar is a long way off from where we are now but it is certainly possible couple of decades down the road.
How much of that would be down to devaluation of fiat however?

 Not only the next two halving but almost all the remaining halvings we would never see a huge pump like those old days. If you look the first halving the price did almost a 100x to move to its ATH and then reduce that volatility in the next halving and did around 28x, coming down to the last halving just a 7x was done from the halving day price. If you ask me I will say it will be reduce again more and I see it doing just a 3X from the current ATH to form a new ATH. As bitcoin becomes more popular treated as a store of value then the volatility will definitely reduce.


With the movement of bitcoin price a million dollar price range is definitely possible but in a foreseeable future I don’t think so, we have to do like 15x from the current ATH and that splitted with my speculation of each of the new halvings not having an impact on price more than 3x then that’s like in 5 halving times or more.

So you can simply see that does who got bitcoin below 20k price point are seriously lucky and Those looking to come in now do not need to wait for any retrace but rather invest right when you have the funds available. DCA is better pattern to adopt now

There are two ways to predict a new all time high.

First, from current all time high to a new all time high.
Second, from bottom of a bear market to a new all time high.

I would not go in details but generally with both methods, multipliers of growth from current ATH to new ATH or from bear market bottom to new all time high, actually decrease and become smaller from first cycle to a latest one.

Expect to see it continue to decrease more with future cycles.

OP, I think you are wrong about miners. They literally have to sell their bitcoin, that's their business. And remember in 2021 how miners weren't selling their bitcoin and then a bunch of miners went out of business when the bear market hit. So yeah, miners are definitely going to be selling all their bitcoin during the bull run while they are making huge profits in order to make sure they can keep operating through the bear market when profits are razor thin or non-existent.


But yeah its gonna be interesting. Honestly the most interesting thing I think will be how much TradFi investors adopt bitcoin through the new ETFs over the course of this bull run. There's already lots of money coming into those funds on a daily basis. But how long will it last, will people be picking up hundreds of thousands of bitcoin through these ETFs during the bull run? Are a portion of the public going to start DCAing into these ETFs every paycheck through a retirement account, or are we still a few years away from people trusting Bitcoin enough to do that and it'll end up just being more active investors who are buying it? Also the question of will we get another and bigger round of companies buying up bitcoin (perhaps through the ETFs) the way that started in late 2020 and early 2021 but then petered out except for MicroStrategy? If the big tech companies start buying up a few tens of thousands of bitcoin each that'll have some impact on supply and therefore directly on price but much larger impact on through market psychology (hype) as people see major companies getting into bitcoin ownership...or again are we still a good few years away from that?


It'd be great to have a really strong bull run and see the price go to like $180k or something considering last bull run was fairly weak with that big 50% crash in the middle of it and the get-rich-quick noob type of people got siphoned away by Musk to silly meme coins that most of them will probably never make their money back on no matter how long they hold.

You're definitely right about miners having to sell what they mine in order to keep the lights on and rigs running, though I don't remember any tales of *big* miners going bust because they held onto their mined bitcoin.  Not saying you're mistaken by any means; I'm just curious as to who that happened to, because I don't think I read anything about the likes of that.  Then again I don't frequent the mining section all that much.

Does anyone else here think this statement is factually wrong?  Bitcoin's supply isn't being cut in half at all.  The block reward is, and there's a big difference.  I guess you could use that oil analogy, but oil has a very practical use and cutting its rate of supply will most likely cause the price to jump--but bitcoin?  Nobody's using it as a currency, and since the halving has been known since the code was written (right?), I have to think it's already been priced in.

But what the hell do I know?  I'm not going to make any predictions that'll later leave egg on my face, and I'm just going to watch and see what actually happens.  I hope bitcoin shoots past the moon, past your anus, past Pluto, and goes so far that if we can keep in contact with it, it'll help astronomers figure out where the edges of space are.

Yup of course. Diminishing returns of a growing asset. Bitcoin can keep going up forever, but its rate of growth will fall drastically as adoption occurs because there are infinite people with new money to keep coming in.



Going by peaks:
1. 2011 high to 2013 high was about 36x (shorter time period because this was first halving so pre-2012 didn't follow 4 year cycle)
2. 2013 high to 2017 high was about 18x
3. 2017 high to 2021 high was about 3.5x
4. 2021 high to 2025 high should probably be around 2x, on the low end maybe like 1.75x, on the high end maybe 2.5x


Going by the peaks, #2 growth was half #1 growth, but then #3 dropped to only a fifth of #2 growth. There was a fairly major crash in the middle of the bull run for #3 though that definitely kept the peak that cycle much lower than people expected. Given that, I'd expect this bull run (#4) to deliver at absolute minimum half of #3, which would be 1.75x and as stated above that is what I would put as a lower bound, which in dollars is $120k.






Going by bottom to top of market cycle:
1. late 2011 low (I think this was two dollars) to 2013 high was about 500-600x
2. 2015 low (I'm saying $200, I think it did very briefly dump to like $150 or something but the consistent bottom was $200) to 2017 high was 100x
3. 2019 low to 2021 high was 22x
4. 2022 low (~$15.6k) to 2025 high, well going off the above estimate of roughly 2x (~$140k) this would end up being about 9x, give or take a couple x's


Going by bottom to top of market cycle, #2 was a fifth or a sixth as large as #1, #3 was just over a fifth as large as #2, so it each market cycle shrinks by 5x successively. But that would mean this cycle would only 4.4x over the bottom, which would be a price of...$69k haha, only matching last cycle's peak. Obviously that is an absurd statement so the trend of successive market cycle growth being a fifth of the previous one is a very bad prediction for the future.

With only three data points making assumption based off trends has a lot of error. And given that the first data point wasn't during the first halving, and therefore wasn't even its own four year cycle and was very early in bitcoin's journey so price was extremely volatile, we can't put much weight on the one-fifth or one-sixth change from #1 to #2. And given, as stated above, the last market cycle's bull run got interrupted with a crash which resulted in a fairly small bull run, the ~1/5th change from #2 to #3 would also be an outlier. If we could correct these numbers with more data, I think likely #1 and #3 would fall towards the 100x of #2. This is all supposition, but perhaps, corrected, the numbers would be more like let's say 300x for #1 and >30x for #3. forming a 1/3rd trend instead of a 1/5th trend. Which would put this market cycle to be predicted at 22x * 1/3 = 7.3x, or ~$115k peak. Still lower than the prediction going peak to peak.


If we average peak to peak's range that I gave of 1.75x ($120k) to 2.5x ($172k) and this lower $115k, we get a $136k average. Which feels like a fairly good prediction, and would be almost perfectly 2x from the previous peak.



But that's all just playing with numbers. If ETFs pick up over a million bitcoin and major tech companies finally decide to start buying bitcoin and uninformed new money doesn't make the mistake again of throwing cash at useless meme tokens cuz a billionaire was messing with them and instead they buy Bitcoin, well price could go much higher than that. Then again if the public is so jaded in their view of bitcoin because of the years of misinformation they've heard about it, so that the public mostly doesn't even jump in during a bull market anymore, then we could get a peak on the lower end like $110k-$120k, but I guess the upside of that would mean a likely much more shallow crash that bitcoin is used to because it would specifically mean a ton of new and excitable and easily dumped money did not flow in so things wouldn't crash nearly so hard.

Hmm i dunno, maybe I'm wrong, but I just seem to remember there being havoc in the mining industry in 2022. It's possible it was more medium sized ones that had to exit the market, but at the very least I think I remember constantly hearing about how all the mining companies were really struggling, and I remember hearing how during the bull market miners were accumulating and not selling their bitcoin but instead using venture capital to fund their operations, and investors liked that the miners were stockpiling bitcoin since it was growing so much, so these mining companies were going way up in value partly because of all the bitcoin they were holding, and then when the crash came they had to be selling all this bitcoin they mined during the bull run for far cheaper in order to stay afloat.

That's my recollection anyway. And I do remember some miners that I had actually heard of by name going out of business in 2022. I don't pay much attention to mining companies though so I really don't remember the names.

Anyway so I don't expect next year to be hearing about mining companies refusing to sell their bitcoin the way they were doing in 2021. I'm sure they will be taking full advantage of selling into the bull run to make sure they have plenty of cash on hand for the bear market.

600 000 x 17 500  is 10,500,000,000 so about 500x times the number of all coins ever to exist!
You sure about that?

Assuming the 600k means the coins mined during this next epoch with 3.12 block reward there are 656,250 of them and they are exactly 1/16 of the coins mined before the first halving. But in terms of price, since each coin will probably be at least 40k they will be closer to 24 billions, so 240x times what the coins before the first having were valued at that moment.

So there might be a reduction in number of coins by 16 times, but the sum you have to cough up to cover them is still at least 240 times bigger.  ;)

I read all of the above and no one refers to rising fees.

I see the highest stretch of fees ever has occurred in the last 13 months. see below
https://www.talkimg.com/images/2024/01/31/kiATj.png



those number will grow after the ½ ing

and as much as they do this time.

in 2028 even more.

Latest increase of transaction fee, mempool congestion mostly come from Ordinals, Inscriptions, BRC20 tokens. Your chart shows that before this wave in 2023, Bitcoin mempools had two other times with high demands and expensive transaction fees, in 2017-2018 and 2021 because of two previous bull runs.

Fortunately, after bull runs, it was cooled down to nearly normal in 2022 before we had crazy contributions and effects from Ordinals. Demands on Bitcoin will continue to increase especially after each halving but about Ordinals, will they stay forever on-chain or will migrate to Lightning Network or some layer-2, I hope they will because it will help mempool and Bitcoin users.

It is crazy when you think about how small the daily block reward is getting. I think we’re really going to start noticing the scarcity after this halving in April. I wonder if we might see a bubble develop sooner than the typical 18 months after the halving we have seen in previous cycles.

Hopefully it will be a study growth though, same with previous halving years, although we might see the previous all time high getting broken maybe in the last quarter of the year and 2025 will be the banger year. As for the price, I think everyone knows that the prediction is 6 digits, from a conservative $100k, to as high as $180k or even higher than that. So this year is going to be interesting not just on Bitcoin, but the whole crypto market itself. Maybe there will be a few individuals around who have accumulate already in the past years and just waiting for the bull run 2024-2025 and make them millionaire. And with the Bitcoin Spot ETF already approved, it could really help drive the price after the block halving and then FOMO sets-in.

It's rare to read someone with such optimistic theories, I'm more used to reading things like "what if there was no bull run after the next halving?"

On social networks, we're reading more and more that the massive purchases of BTC for ETFs will drastically reduce supply, but in the meantime the price is still stable...
In any case, I hope you're right and that prices will start to move quickly after the halving, at least we can always hope!
The reward will be extremely low after 2028 and 2032 halvings, I can't wait to see what the market will be like then.

I think we are too optimistic about halving. Halving is just a marker of a new cycle, but by itself it's unlikely to lead to higher prices. This is something that people have already pointed out many times: the vast majority of bitcoins have already been mined. The current mining of bitcoins is very insignificant and doesn't affect anything. Reducing the reward for a found block of bitcoin will only have an impact on miners. More precisely, on those of them who have a high cost of bitcoin mining. Most likely, they will be on the verge of bankruptcy. Grayscale will sell its bitcoins for a long time. It will probably be joined by the U.S. government and MT.Gox.
      In addition, there is still uncertainty about further rate hikes. By the way, tomorrow is an important Fed meeting, which may affect the markets.

This will be my third halving. I remember the second halving very well, I actually remeber where I was and checking the block explorer.

After the block passed it looked strange not seeing 25btc rewards anymore but 12.5btc instead. And then I remeber the 3rd halving having many parties around the world. It was I think during Covid so the turnout wasn’t as big but people will celebrated it like it was some big competition.

Wonder how crazy this upcoming halving will be.

It depends on the context (how you define supply).

In the context when supply means the number of coins produced, then you are right. The supply is constantly increasing until block reward drops down to zero.

But in the context of market (supply and demand), the supply refers to the coins that are being sold on the market not all the coins that exist. In that case the supply is reduced since miners who would sell their coins to cover their costs (many of them do anyway) would have less coins to sell therefore the supply decreases.

That's a bold and wrong statement!

Definitely more crazy and expect bitcoin to get more expensive because there's less reward for miners and it's going to be a problem for them to not be able to get some upkeep in their rigs if they don't try their best to keep their rigs at tip top shape. In my opinion, the craziness and fun factor of halving parties will only go up even more than the last time until the last bitcoin is mined, that last mined bitcoin is definitely going to be like that episode in Rick and Morty where they visit planets that have a one last debauchery party because their worlds are going to be destroyed.

Thanks for this explanation and reminder, and you must know that we are all expecting halving this time. Only that it will not behave as many expected of it, it might play out differently which might not be the whole same as it was before which people often referred to. But still, it will be similar as the main thing is for halving to cause a bullish effect in the market which is what will happen this time again. Also, I believe that since Bitcoin had a tangible correction in January, this might be an opportunity for it to move higher before halving, this will however be possible if the bearish price action is not seen on the monthly chart. If formed, it will be a setback for it and we might see more pre-halving effects that are more negative until halving will halve which we believe that the post-effect is always bullish.

Anyway, we have to filter our decisions with the real-time market pattern on the higher charts for the best guidance, it helps me so much and it is the smartest way out as well.

for the 3rd halving that I have been here , I wish that for good i will get what i invested , the first one as newbie? i did not managed to take the chance making good return because of sad to admit having no complete trust in bitcoin those times.

The second one is the pandemic that Hinders me to manage taking my profit again because of a much needed to cash out even before the price goes high as there is no choice because of COVID19.

and this time , I will keep my funds , and will not sell until my target price reached.

Yes, when we see BTC pump fees continue to rise unabated. Actually, the miner doesn't care anything about it.. I do not talk about European countries, most countries in Asia people's average daily income is 6/5usd. So could you explain the possibility bitcoin could enable financial inclusion when only 1 transaction costs almost someone's a day's salary.

It is wrong, and it's just like the presentations about Bitcoin that say it's a "deflationary" currency. Bitcoin is not deflationary. There are new Bitcoins mined in every block that gets distributed after the miners sell them to pay for their operational expenses/costs.


Probably not many people use it as currency because they don't need to use it as a currency. But that's for another topic.

But no, what currently gives most demand to Bitcoin is speculation as an asset for investment, precisely BECAUSE of its predictable supply as enforced by the rules of the network.

I hope that bitcoin price will surprise those investors by showing them a price that they never expected, let me say something like $150k and above because I don't think most of the investors are hoping to see bitcoin go above the current price which is $43k and you would agree with me that the amount we are hoping to see before the halving is not even close to it which may seem to be very poor. Was expecting to see the price to be at $65k but it hasn't gotten close since this year.

well, we will never know what's gonna happen for this upcoming halving. thus, you should prepare for the possibility of what's to come.and collect what you think you can afford in this type of digital investment.
days are fast approaching and for sure a lot are in panic mode on what to do. but if you have limited resources, better not follow the hype, stick to your plans as it is your money at stake. you can't blame others if you failed your targets and lose some.
sure, people are on the festive mood because the market seems to be bullish. but what funds are you staking here? a loan or your savings? this is why everyone has different take on this market, because we all have different source of funds and how it affects our life later on.

Prepare now or miss this precious moment. I still firmly believe that bullishness will occur for BTC prices after the halving, so panicking for now because the price does not match expectations, is an unwise choice.

OP's prediction is above $150k, and I don't mind if that happens. Even though we don't know the highest point yet, the most important thing is to never miss the post-halving bullish moment. That is the best time to enjoy the results of the hodling we have done in recent years.

To be honest I don't have a specific view on what the price of bitcoin will be in the future halving and from what I see, perhaps this halving will not be much different from the previous halving. We definitely feel any pressure and maybe the method can be adjusted, someone who is under pressure will usually easily adapt to other difficulties because we are used to being trained by circumstances. Today I set the standard for long-term investment in Bitcoin and I never care how the process occurs in the market. In this way we can be a little calmer and not be affected by market sentiment and bad events that occur related to the journey of Bitcoin itself.

Oil is also equally difficult to predict, especially if we have never been involved in it and some might say that it can be studied based on previous historical data. But the next question is, to what extent can we convince ourselves of this issue, because it is not much different from our involvement with bitcoin when we first learned about it.

Looks like we will be having countdown every 10 days of coming halving because this is
what I can see from thread after thread about days of halving remaining and so we are now all readying or
already about our funds to look at in the next coming months.

I have settled  my Bitcoin but looking for Altcoins to add in my folio, I have small amount
waiting for the best altcoins to be part of my Holding , is there any reccommendation ?

True, other people will miss and regret once we are already in the time that most people are waiting for.
Better prepared than nothing, that's why since last year I already expecting this move of Bitcoin before the Bitcoin block halving.


Please discuss altcoins on a separate board, this is only a Bitcoin discussion.
In my own opinion, I will not touch my Bitcoin holdings just to convert to other altcoins.

Altcoins are only good for short term traders who can quickly get in and out of them without losing money considering how they only get pumped and dumped. They are terrible for "investment" where you create a "portfolio" and only watch your money melt away in long term.

I don,t understanding what will be happening after 80 days with BTC

I believe in history and how it comes back so I expect Bitcoin will have not big rise before the halving and even one month after the halving. If it is not because of Bitcoin Spot ETF that was reflected on Bitcoin price in last 5 months, I would expect Bitcoin rises a little bit before the halving but will have a correction like -20% or more around the halving.

For both scenarios, in my thinking, Bitcoin will need like 2 months after its halving to take off. Because people are expecting too much on Bitcoin Spot ETFs, they will receive something oppositely in short term, no big rise at all.

My prediction, bitcoin will increase before the halving and will be massively dumped after the halving and we will have a medium-term sideways trend before the bull season arrives. I don't think bitcoin will continue to decline as the halving gets closer and closer.

The Bitcoin ETF is over and everyone is expressing disappointment about it because bitcoin could not increase in price immediately after the ETF was approved. I think people have stopped thinking about it and are focusing more on the halving. But most will continue to be disappointed and dump their bitcoins if they blindly look forward to the halving event. Similar to ETFs, halving events have never caused bitcoin to increase in price immediately after, everything takes time.

By the way, if you believe history, the real bull season will come 1 year after the halving, not 2 months.

People are expecting the value to increase overnight with the launch of ETFs in the United States, when in reality this is a movement that will take time to happen... Take the example of gold, each candle represents one month. it took a few months for the price to rise after the ETF

https://www.talkimg.com/images/2024/02/01/ke7e9.jpeg

But to be nice and fair to the users who like HODLing altcoins, there's probably two or maybe three altcoins that might be good as long term investments. Because I truly believe that after ten years there might only be Bitcoin and three or probably four/five blockchains chugging along, producing blocks, and simply continuing to exist.  

Everyone is having high hopes, and that is why everyone is carrying the countdown serious. And they are feeling that the halving will act as a catalyst to bitcoin and boom the bull run will start i know how it feels especially with the way we all have investment at hand. I don't really  do altcoins i only focus for bitcoin and everyone is having a high expectations and we know that you can not predict the market but am sure that the market will be moved. And am sure does that want to invest have done the needful just waiting for the market to bull and the volume of buy and sell we increase and since that is what we all have been waiting for. Just fews weeks to go.

Many people do not even know the basic concept of halving and with this clear explanation, I think those who were still confused would understand it clearly. And as you said, and that is the truth because many people have predicted what will happen before the halving, in the halving and after the halving. Now within this 90 days that are left for the halving which people have also predicted, bitcoin price is not too bad but some still insisting that the price will come down and it will go up after the halving until to the All Time High (ATH).

And if the prediction of $100,000 come to pass in the All Time High then that will favour many people in the bitcoin investment. Everyone hope to see a better price in the market.

Most of us are expecting that this halving would be the same as before which would give us a new ATH record.
But we should also learn from the past that Bitcoin price would take some time before reaching a new ATH, and what do we actually expect from the new ATH?
I think that if we actually see a new ATH record, it would only stay for some moment then the market would have a correction cause of the sudden price jump.

What I find funny is that people always think that bitcoin is not a get-rich-quick investment and they are willing to hold bitcoin for the long term. But they immediately became disappointed, complaining and blaming the ETF when bitcoin did not spike as they expected. As I said, I believe this will happen again when the halving happens, they will continue to repeat words and actions expressing disappointment that bitcoin will not increase in price immediately either.

Not just a few months but we will even have to wait 1 or 2 years to see the real impact of those events on bitcoin. But the problem is that not too many people can wait until it happens.

If you intend to hold for 10 to 20 years, bitcoin is the best choice. But if you are only investing for 1 to 2 years then altcoins are not a bad choice and this is the best time to start with altcoins as we are approaching bull season. I guess you don't invest in altcoins, but I want to remind you that during the 2021 bull season, Doge is up x100 and Shiba is up x1000 since their lows. Can Bitcoin do it these days? Bitcoin is great but altcoins should not be overlooked so we can increase our wealth significantly in the medium term.

Many potential altcoin projects are being deployed to prepare for the bull season and the possibility that they will bring x10 profits is very easy, we should not stubbornly miss such opportunities.

Yes of course it is very difficult to predict what will happen in the market before and after the upcoming half. But we can invest before the upcoming bitcoin halving and wait for the bull market after the bitcoin halving. If we don't prepare to invest before the bull market, no matter how much the market rises, it won't do us any good. If you do not have the ability to invest at once if necessary, you should increase the investment using DCA methods.

From an entirely investment perspective, and knowing that 99% of the protocols behind those altcoins are either flawed or doesn't really work, then in my personal opnion - that's a fair "evaluation". Plus because most of them surge because of hype, then the newer altcoins, with an upgraded narrative, may give the holder a better ROI than the older ones.

- Compare the performance of a "new altcoin" with more bells and whistles with, an altcoin like Litecoin.

I believe Litecoin probably has reached price discovery, and it might have nothing more after two more market cycles.

I disagree with you that it is difficult to predict what will happen before and after halving, and as a matter of fact, it is easy to know what will happen, only that it is not certain and that is how every market is with or without halving. All that is good to do at this point is to continue to be more conversant with the happenings around the market, especially the economic data, and the inflow and outflow news among others. Also, you should be conversant with the technical chart reading which I will tell you to be more focused upon. You see, what is happening in the market will not just happen, they are there on the charts as well except you can't just read it correctly.

I've been in the market during the worst times, I mean the time that the market will be so uncertain, the time that it will be so unusual, too volatile and scary, yet, the technical chart has always been my good guide. This is what I believe everyone should use this time both before and after halving so that we will not be a blind follower of the history/tradition in relation to what is coming. Also, DCA is a very good approach as you advised, after all, it is good in any market condition, and since this is an investment and not trading, it will be no issue at all.

Very nice post, merited. You should always remind Bitcoin noobs about the effect of halving. Selling today (January-February) has no sense. Halving is one of the pillars of Bitcoin economy and one of the events which brings the price up. If you'd like to sell for some reason, please wait for at least March-April. The price normally starts to go up before the halving, so on a halving day it won't probably grow so much, but who knows. My guess is that we should approach the previous ATH area of $60-70k.

No doubt Bitcoin ETF was the sell the news event, but bitcoin Halving is something different. The price of bitcoin may dump near the bitcoin halving, whether it be pre-halving period or Post-halving period but after that we are sure to see another big bull reason that may melt faces  :)
I am sure, no one can expect the bitcoin price top in the next bull season. This is going to be enormous.

It is not possible to predict the price of Bitcoin, it is a possibility that pre halving and post halving the price of Bitcoin doesn't have change and it remains hovering between 43 to 48k. After halving if you take an average Bitcoin takes nearly 1 year to get into bull phase. Before bull either the price gets dumped or it moves sideways. Since Bitcon ETF approval was a news that was used to pump the price we saw market going into green. The ETF approval would help the price of Bitcoin to surpass the last ATH , but we will need to wait for that day to come.

Well, I'm blunt about certain topics! So I have to disagree. Those bag-holding such altcoins "may get lucky" and their bags get pumped but they can't call themselves "investors" or what they have a "portfolio" because what they really have is a "lottery ticket" considering they don't have a potential to rise, they should only get pumped to rise.

BTW when I say rise, I'm talking a bout their value going up which would show up in their price going up against bitcoin not when bitcoin price goes up and they get dumped against bitcoin but their dollar price goes up a little creating the illusion of a rise.

Maybe if the market is matured. Otherwise history shows that the altcoin market is only going to grow in number of junk in it rather than shrinking.

That's exactly the pumps I was talking about. You don't need to become a bag-holder to enjoy such big pumps and the resulting profit.

They are greedy speculators but they are not investors. They only spend money, speculate that altcoins which they consider as hidden gems, will help them to be millionaires in a bull run. They don't think about a bear market and what will happen with those altcoin hidden gems in a bear market.

Dead Coins: Over 50% of Cryptocurrencies Have Failed (https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed)

Price and value are different and only solid projects can have value. With altcoins, their prices are over estimated and people more easily spend money to buy altcoins in a bull market. They only look at prices of those coins and ignore value of those projects.

When a bull run gone, altcoins die and because they have no values, in a bear market their prices will drop like 90% or 99%.

That's true, we never know but that doesn't mean that traders and equally investors should start panicking because the price of Bitcoin doesn't go in their favor. Everything in the crypto world is about risk and if you don't have the courage of holding is best you do the needful. As it is Bitcoin price isn't moving in a positive direction and anytime soon the price might go down.

That's why bitcoin investment is not for everyone—not for people who have weak hearts or weak resolve and can't stick to their decisions or movements. Those investors, traders, or holders can't control themselves just because they see a slight down side in bitcoin without knowing it's part of the process where the bull run will come. Yes, it's near, but there is no exact time when it will happen. That's why we are preparing for that. A decrease in the price of bitcoin is normal, as many people are halving and selling because of the recent ETF. Just because there is a coincidence that the price dropped after the ETF, people or investors panicked and did panic selling, which was not a good idea to begin with. They are the ones who could not stick to their beliefs about bitcoin. That's why bitcoin is not for weak-hearted and cowardly people who, just because of a sudden change, will panic.

True. It seems like the emotional feelings types cannot handle investments like Bitcoin and crypto. Too much emotion does make people panic sell at a loss.

How can you be so accurate about the halving days. I mean it’s very near but predicting the days exactly is really hard. Nevertheless our only task right now is to accumulate as many Bitcoins as we can in this low price time. Once the price goes up it will be very hard to buy in cheap. Hence we shouldn’t complain about the price and should wait for it patiently. Soon Bitcoins will break the records.

Nothing to get panic even if their expectations didn't meet for a while and as said there's still plenty of time for bitcoin to go up so getting so tense in current situation cannot help them. If they are worried about other possibilities like a bull run will not happen then I guess they don't have patience to wait and maybe a little more dump will come they are the one who immediately dump their holdings. If they want to hold then sell once halving occur or pass then maybe its better to acquire then forget about it for a while so that any negative effect in the market can affect them and also they can continue to their target that to sell on the timeline they set for their holdings.

Most of the time, the countdown to halving is only a day early or a day off so this is the likely reason why they are somewhat on the dot on the halving, there's also the blockchain to check which block is recent so you can easily just calculate how much time it takes for a block to be mined and then count how many blocks left to get to the halving block which is the 210,000th block I think that's how they count it. I think it's still reasonable to complain about the price, not everyone can get a good value of bitcoin with it's current price but no matter what complaint you've got, you're right that it's difficult to buy cheap since the price just can't stop pumping, that's why it's important to do DCA so you're not missing out even though you're complaining about the price.

So can you tell me what has happened and will happen to ETH, BNB or even LTC? Because as far as I know, the altcoins I mentioned and many others have brought thousands of percent returns to many people like bitcoin did to its early investors.

Those who are stubborn and believe that bitcoin is the only investment in the market are just like traditional investors. They stubbornly believe that gold and real estate have real value and are worth investing in, while bitcoin has nothing and is not worth investing in. In your opinion, BTC and ETH, which project will bring better profits in the next bull season?

I mean just based on these findings below if this was a multiple choice question that stated:

"What will be the price of bitcoin after its 4th halving?"

A- 8,432

B- 16,864

C- 33, 657

D- 75,021

If I was just looking at the facts and looking at the trend, I would say the answer is D!

Now this is a completely  made up question/answer but you see where I am going with this.

The Bitcoin Trend w/ every halving is an increase in price and I believe we will continue to see this until the price is 1 Mil/coin and then after that the price will go up much faster IMO

1 million USD per bitcoin or more, this is what any bitcoin investor wants to become a reality. But bitcoin's price increase is due to many factors, not just the halving. Influences such as demand, political influence, and the world macroeconomic situation will have different impacts in each period...So I think we should not be subjective that the price of bitcoin will always increase, but we should think about the bad scenario and have a plan for it. Just like the upcoming cow season, we don't have evidence to be 100% sure that it will come, everything just stops at our predictions.

Let me answer that. Nothing will happen to these. The first two will remain centralized shitcoins and the last one will remain a rather useless copy of bitcoin. Every now and then there is either some hype that brings some attention to these coins (eg. LTC halving, ETH forking, some celebrity advertising it) or a pumping group picks up one of these shitcoins and pumps them. During that small period of time they become very profitable as they get pumped. After the pump ends and the dumps begin, they go back to being useless shitcoins with no profit to be made by bag holding them.

my guess... nothing will happen at first, we will not see the spikes, but after a few months, it will most likely go up only

I don't say all altcoins are bad but if you mentioned ETH, BNB or LTC as your examples, you must include FTT or LUNA (Terra). Many people lost money to FTT or LUNA even they used to be top altcoins.

Don't buy altcoins because they are top altcoins (https://bitcointalk.org/index.php?topic=5430698.0)

My reminder is if people believe they can be rich with altcoins, always focus on altcoins, they will lose money to altcoins even they can get good profit with one or some altcoins. The practice continues, till a time they lose most or all money to one or some other altcoins.

Don't name only ETH to prove you are right with altcoins. Invest in ETH is good because it is a second biggest cryptocurrency and contribute very big marketcap to this market. If anything happens to ETH, the market will turn to bad enough and I don't wish it to happen.

But if people chase for hidden gems, new altcoins which have yet gone through one full market with bull and bear years, they are betting high enough. I hope they will not lose money to hidden gems.

They don't really think Bitcoin is the only investment that can yield result.
They are just biased towards the long term survival and needs of the coin.
Investors with that mindset don't think about a day, weeks months, they invest in years and Bitcoin is the safest bet.
Making 10000% and losing more than the capital and  profit made is not a good investments.  
The coins  been centralized has a certain risk attach
The FTX debacle should have opened investors eyes towards centralized altcoins
No matter how big they grow
It would just take an action of a greedy head to plummet it to oblivion
And people move to the next shitcoin with believed potential.
Personally I don't hate Altcoins and can even hold one or two but I always take them like a gamble.
Unlike Bitcoin where one can boldly say every dip is an opportunity
We can't say same for altcoins.
There are many projects that are proof like Pepe,  FTT,  FIL,YFii etc.
I don't preach Bitcoin or nothing
But am risk averse, and would choose what would give a relatively good peace of mind.

Immediately after the halving? or this halving year?
If it's immediately after halving then above $75K is a stretch
But same year (2024)? 6 digits wouldn't be difficult to achieve.

Not every halving would lead to a huge increase in price
As time goes on halving wouldnt have a significant effect on Bitcoin
But inflation,cost of mining, it's scarcity, BTC mined per block among other factors would make it continue it's upward trend.
Imagine the price of Bitcoin in 2064, Btc mined per block would be around  0.003.
It becomes more scarce,  harder to mine and holding a Btc would be almost impossible if you ain't at least a high rank millionaire
That's why people are adviced to accumulate now that a BTC can be easily mined.

The only bad scenario I can think of its a 51% control over the Blockchain
If it doesn't come up
Bitcoin would always rise.
Even if a correction or news affects the price
It would recover and continue matching.
If a project has utility,  a community and it's scarce
Then the price would increase as it gets scarcer.

This is what I wanted to ask you and you finally admitted that not all altcoins are useless and scams.

FTX and Luna, they also do not represent the entire altcoin market, so don't rely on dead altcoin projects and assume that all altcoins are useless and not worth investing in.

You don't invest in altcoins, how do you have the experience to give advice to others when you have never experienced it before?



ETH is also a centralized altcoin, it is not decentralized like bitcoin, why don't you consider it useless? And besides ETH, we also have Doge, BNB, Shiba...hundreds of altcoins that have brought thousands of percent profits to people. Why don't you mention them and just focus on FTX and Luna?

As for hidden gems, investing in them requires the right time, and bull season is the right time. It would be foolish to try to find hidden gems during the bear season but when the bull season comes, many projects can bring x100, x1000 profits, why do we miss that opportunity?

Maybe that's what will happen. If we look at the previous halving, no price increase occurred. But the price increase occurred after a few months. It makes people amazed to see what bitcoin is doing.
The bitcoin price slowly started to increase and no one expected it to increase towards the last ATH achieved by Bitcoin. So there is a possibility that we will see the same thing for the next halving so that we are still given time to accumulate bitcoins.
And maybe there will also be a decline in Bitcoin prices before and after the halving so that after the halving, the price will start to increase again until it makes a new ATH.

All we can do is predict about Bitcoin price based on previous halving data. AFAIK there is halving in Jul 2016 and we an ATH in Dec 2017. Next halving was in May 2020 and we saw an ATH in Nov 2021. We have a halving coming in April 2024 and based on previous data we can say that price might go up in 2025 not in this year. It's recommended that we gather Bitcoin and HODL them before the bull run start. This time there might be some shift in pattern because there are too many investors waiting for this halving.

that is absolutely true! we are all just speculating on this market, whether you are a long-timer or just a newcomer. a lot are getting their analysis from previous halvings, but do take note that the adoption today is quite different. we are seeing a positive increase on the price because of what we have achieved today.

as an investor, you should also think of your contingencies in case your targets have failed. or better yet, be conservative with your estimates so you won't be expecting much and not liquidate your position.

In my investment style, altcoins are used for short-term speculation and have no other use cases other than bump and dump, so there's nothing wrong with calling them shitcoins. As for bitcoin, not only can we use it as an investment, bitcoin also provides us with different use cases such as peer-to-peer currency, becoming our own bank thanks to the Its decentralized...So there is a huge difference between bitcoin and altcoins.

People can speculate in altcoins and should only consider this as gambling and should not confuse speculating in altcoins with investing in bitcoin, they are completely different. Bitcoin is safer and suitable for people with a long-term vision and strategy.

If you don't want to experience difficulties in predicting the price of bitcoin, you don't need to follow its journey and just wait for what happens when the halving comes. After the halving, you can check market conditions occasionally and activate the alarm at a certain price.
When there is a bitcoin price movement, and it reaches an alarming price, you will know and can immediately check the market. For now, it is recommended that we collect as many bitcoins as possible because there is an estimate that the price of bitcoin will rise very high. The increase in bitcoin prices is likely to exceed yesterday's ATH.
Unfortunately, we still don't know when the new ATH will be reached and we can only prepare ourselves to wait for its arrival.

Bitcoin halving is very close, people's interest in Bitcoin has increased. Big investors of the world have already increased their investments based on this event. Various Bitcoin experts predict that the upcoming halving of 2024 is going to be a significant year for Bitcoin. They estimate that Bitcoin will reach an all-time high of $100,000 before the halving event begins. Again at the end of halving it can be around 250000 dollars. A slight reduction in the reward for miners will lead to an upward trend in the Bitcoin price.

These forecasts are particularly influenced by general market conditions. How bullish the market can be will depend on the behaviour of the market at that time. Halving causes large fluctuations in the price of ordinary bitcoins, but when bitcoin ETF investors are added to it, the price of bitcoins can rise dramatically. Considering that aspect, we can definitely say that the halving of 2024 will play a special role in the Bitcoin price upside.

Which ETF are you referring to? The most awaited ETFs were already approved earlier and they didn't have much of an effect on the market and the prices of cryptocurrencies were already going sideways. The reason for that was probably because the rumours about the approval that were circulating last month made the market move in a positive direction which is why when the actual news came out, investors didn't react much about it.

You are right that it's not possible to predict the price of Bitcoin or know the next move of the market, however, based on charts, analysis, and past occurrences, we can have a rough estimate about which side the market might move next, and it's always just speculation and nothing guaranteed.

Who made this prediction or is this your prediction? I see many people predicting and expecting bitcoin to reach $100k during this bull cycle but I have not seen anyone believe that bitcoin will reach that goal before the halving begins. Furthermore, looking at the facts, we are just over 70 days away from the halving event and bitcoin hasn't even crossed $50k yet. We need a miracle to happen for bitcoin to increase over 100% in 2 months to see bitcoin hit the 100k USD mark.

As for bitcoin's ATH prediction this time is 250k$, many people will not believe this but I agree with you, I am also optimistic about this and this is just my expectation.

Yes, we can be optimistic and count down to the bitcoin halving but do not expect positive price movements to come, the free market and external macroeconomic scenarios can impact bitcoin value, major correction is still possible. Bitcoin is a long-term fight and we have to be ready for it. Anyway, I agree with the speculations put into consideration but I am completely bullish on bitcoin halving. If there were greater positive movement, it would seem to be a compelling reason.

The level of optimism is important because it will train readiness, but no one can guarantee that a countdown with a duration of 90 days will be accurate enough and the process could shift much longer or faster. One thing that makes us optimistic is because it is a four-year count, even though there is a slight shift or acceleration that will occur. I also still see the potential for a big correction before the halving occurs as has happened at the previous ATH and I hope that this moment will become a reference for accumulated purchases, even though people's views may differ regarding accumulated purchases.

I will be quite optimistic that the previous ATH price shift and the future will not be much different and the range will remain in line with a number of predictions that people have made. Now we are entering the waiting stage and winners will always be at the forefront in different ways and styles and hopefully we will be in a quite profitable position.

There is a huge expectation of halving, people are indeed having some gasp and history recall which makes them think this would be the beginning of another bull season. Glad we are optimistic but the question is if we fill our bag already or just still waiting after the halving.

Well, the impact of halving is quite remarkable, the increase in prices is really what we see. But, based on the previous ATH, it never comes right after halving, it takes several months to see results. Maybe I was wrong but I was expecting to see the new ATH next year, exactly following the 4-years cycle in the history of the market.

I am so excited about that because after the previous Bitcoin halving the price of Bitcoin is pumped so hard. It is really amazing. So, I still ready that Bitcoin follow this same pattern as it follow previously. So, already bought a good amount of Bitcoins to sell at good prices.

Many users simply lay low and continue to accumulate Bitcoin while there is such an opportunity, it is better to do this now in silence. Closer to the haliving itself, I think there will be a strong news background in the popular media, which will give the main impetus for mass purchases and, accordingly, there will be a new influx of traders in the market. About two weeks before the halving itself, there will be more and more mentions in the media as this will be a trend.

Look, everyone's hyped about the Bitcoin halving, and who wouldn't be? But let's be real, predicting the market's like predicting the weather – sometimes you're right, sometimes you get soaked. Just because past halvings were bullish doesn't mean this one will automatically be a moon party.

Sure, January's dip might be a buying opportunity, but don't mistake it for a guaranteed pre-halving pump. The market's a fickle beast, influenced by more than just halvings. And while technical analysis can be cool, relying solely on charts and patterns is like navigating by the stars – you might end up lost at sea.

Instead of chasing predictions and hype, let's be smart investors. Do your research, understand your risk tolerance, and invest what you can afford to lose. Remember, the market rewards those who are informed, adaptable, and don't get swept away by the get-rich-quick crowd.

That is the logical thing and I think it really matters. I think it's quite important to realize that we are going to end up with a good return one way or another, and should be the only important thing. I get that it is not going to be easy to accumulate without noise if you are rich, or even if you are poor but millions of you doing it, but when it is under the limit and only increase the price a bit, then sellers will cover the difference.

Trading is both buying and selling, so you just need to check the difference and cover that, maybe a bit more, and it doesn't skyrocket. I think the price will skyrocket after the halving, not right next day, but end of 2024 and start of 2025 should be quite big and will be big increase.

All Bitcoin enthusiast have been looking forward to this halving event and for someone like me who only got the awareness of Bitcoin not too long ago, this is one event I hope would be favourable for myself and my investment plan.
The price would sure rise to a new ATH and for traders who want to take advantage of this period, the bull run would be expected to take effect from almost 2-3months after the halving has happened.

Ethereum current shifting from PoW to PoS is clear example of its centralisation. It also has unlimited supply of coins which means coins will keep coming with time and already 120 million Ethereum coins are in circulation according to CMC. Such alt coins are very much linked to bitcoin for price moment. You will see them going up mostly when Bitcoin is up and vice versa. They don't have ability to move on there own and that's why they are classified as useless copy of Bitcoin. 

I think some trader and investors are on the panic line and they are the cause of this high transaction fee of late. Some who couldn't have that patience can just start selling, right now Bitcoin price is at a high price $51k and the halving is by the corner which I think is going to be an opportunity to hodl. From how it has been bumping I wish to see it at $55k by the end of this month. Honestly I never expected BTC price to be this high in this month of February, I was thinking to see it at $46k because it hasn't been impressive enough since 2 weeks now, so let's watch and see.

Crazy how fast the price goes up now that the halving is approaching more and more. Let’s hope that it is not a sell the news kind of event  :D

The high fees that we are seeing can at least buffer a bit the lower and lower block reward.

The price is some how going up but it doesn't stay up for long with $50-$52k is what we see since the price of Bitcoin hit the amount $50k, is as if it doesn't have to go higher till we get into the new month with the halving on its way and then I feel it will some how go past $52k before the end of the month of February. About the fee, is as if the higher Bitcoin price the higher the fee get but I try to see a different way of it, like I do tell myself it doesn't work that way after much argument with some of my friends but I feel things about the fee is back to normal.

Maybe not particularly in 2025, it could be late this year or a few months after the halving. We are uncertain of how will bitcoin price reacts on the market sentiments and hype this year's halving.
As we closely approaching the next halving, bitcoin seems recovering and closing near the previous ATH. If bitcoin climbs to upto $60k level on or before the halving, a huge possibilities that we're gonna be seeing a new ATH in just a month or two after the 2024 halving. Nevertheless, it is almost guaranteed that we will be seeing a bull run in the post halving.

We have been getting this high drop of Bitcoin price since the beginning of this month without any move to a new all time high. It seems like we're going to have new record of dump in the history of Bitcoin, I think. This isn't how i pictured this year's halving to be and it may surprise us that this year is going to be the worse halving of all time, with Bitcoin going down to maybe $59-40k-. The expected amount isn't suppose to at a price we have come past since last year, $64k is what we have at the moment and many have been waiting patiently to see the price come back up to either $70k or $73k and with time it will start a positive movement to a greater high.

It's funny that when bitcoin kept increasing in price and touching $73k, everyone was happy and believed that bitcoin would reach $100k this year. But after just a few days bitcoin started correcting to $64k, the majority started to be negative and assumed that bitcoin would fall even further and not be able to go higher after the halving, LOL.

I see bitcoin falling from $73k to $64k as a normal and healthy move. If you think bitcoin has no more bull run this year, I recommend selling all your bitcoin before it drops further. Hurry and sell bitcoin when it costs 64k$ instead you will have to sell bitcoin for 40k$, LOL.

This is a normal response from people who have little to no prior experience in investing in BTC. I mean, by just looking at the price history of BTC every after halving, the price always increases overtime. I do think that this is the perfect opportunity for everyone to take advantage of the halving by investing further with the money that you are willing to lose.

Lastly, as someone who has been in this forum since 2017, I have witnessed several price jumps of BTC. Last 2017, the price of BTC was around $4,000 to $5,000. It stayed for a couple of months then it skyrocketed.

Moral of the story: believe in the power of BTC and the natural consequences of halving!

Honestly it was a thing of joy to see it to that level, it just shows that we all are always happy when we see positivity, it was showing that it would get to $100k and it was getting very close before this quick drop of the price, don't expect people to smile when things ain't going there way and we still have a long way to go before the halving begins. Come on bro, do you think this is healthy compared to when it was moving up to touch the sky? I know the price isn't productive but that doesn't mean we have to sell all we have just because the price is dropping, it won't get to $40k I assure you that.

I think that we will see at least one dip before that halving, hope to accumulate a bit more for better price

Consequently, as the halving is nearing, major investors like the U.S and the lucky investors who know how to take hold of opportunities that must not necessarily involve trading or HoDling BTC by DCA, are looking for how to sell off their older Bitcoin mining machines after being refurbished and then they'll upgrade.

The aim of those who would buy these now refurbished mining machines would be to use them in places where they don't have to pay so heavily for electricity, to mine BTC with low operation costs too.

 It's a very productive move as not only those who would be taking advantage of the bull run that follows to make profit, would actually be making all the profit.

Countries with cheaper electricity, such as Ethiopia , Tanzania, Paraguay, Uruguay and other minor regions with cheaper alternatives for electricity and cheaper operating costs, should by now already begin to witness an influx of new or already existing crypto mining startups or individual investors and miners with crypto interest.


https://coingape.com/bitcoin-halving-spurs-mass-relocation-of-mining-rigs-to-colorado-springs/

The dip is under way atm! Actually it's almost over, so hurry up, high time to buy now!  8)

It is certain from my speculation that next week bitcoin will hit above 70k. I am not surprised what has been happening now with bitcoin, a lot of things has been going on from traders, investors ETF and crypto whales. One way or another bitcoin halving is close. My concern on this is that if bitcoin is doing crazy stuff right now, keeping the mind of investors high what will happen after the halving?

However i did not expect bitcoin to go above 74k to 80k. This is because reaching that margin it shows that it is so close to 100k which is my prediction after the halving. This would have raised the hopes of investors to think that above 100k is certain. I am sure of 100k but above 100k i dont think so.

Accumulate more coins because one ought to be stacked up in profits when it's time. We should prepare our mind for what's coming. We can either make it in halving or lose heavily, the choices selection is ours to make and I'm telling you, I'm not going to fold my hands and watch this opportunities slide away, I'm ready to take the huge risks investing in projects. The long awaited bitcoin halving is getting closer as the days passes by. We just have to nailed solid projects and becoming independent in the market.

Bitcoin's correction is really an opportunity for us to take advantage of buying more bitcoin before it's too late, but those who do not have a strong stance and lack understanding of the market will definitely miss this opportunity. I just hope everyone should improve their knowledge before investing, don't invest just because of Fomo and be led by the market. Because the end result is just loss.

Personally, I still think we haven't really entered a bullish cycle yet, things are just getting started and the correction is in preparation for a bigger bullish season.

I'm not too certain that the price would make a move to $70k this week, we haven't had that positive vibes to make us believe that it can happen or why if should get to that amount. I was thinking to see the price at $68k before this week runs out but is like we might not get to $68k, the market price is a bit slow with $66k, it will still go back to $62-63k before Wednesday. I just hope that force of getting past $60+ would start up this week. Believe it when I say Bitcoin can get past $100k only if the price stays consistent by not going back down, the biggest changes is on it's way and it will get past that $100k.

Your points are right and at the same time wrong. Ethereum has moved from proof of work to proof of work due to energy consumption challenges which of course they risk centralized, if you look at the number of staked ETH and validators, you will see that the tokens are been concentrated to one which is the coinbase staking platform. However, Ethereum for now has a fixed total supply, the number has not increased nor reduced for some years which means that no additional supply is coming but the maximum supply is not capped like Bitcoin that has Total supply=Max supply, Ethereum can decide to add coins anytime in the future. Bitcoin has a fix maximum supply of 21M while Ether doesn't.

All other altcoins can't grow on their own unless there is a good news that want th growth of that coin like something positive, this is why most coins tend to have more value during the Bitcoin halving, but when they do, they move 2x, 3x or 10x depending on how demanding that altcoins has been with speculators and traders. If Bitcoin crash today, many altcoins will follow and some may even die in the process.

One thing a lot of us should look out for is the expected dump in value when the halving does arrive. Historically, bitcoin halving dumps are some of if not the harshest crashes in bitcoin prices, with the previous one literally whittling bitcoin down to 3k before it recovered the 10k mark it initially had before the halving. People will both take profit and be disappointed when the halving comes and the price of bitcoin didn't change that much, if you're not ready to succumb to the market's selling pressure by then, I say now's the best time to actually diversify your profits and take the opportunity to buy bitcoin at its possibly lowest price point when it does crash in value. Just saying

One thing of note is that regardless if we sell or not, bitcoin is going to be here forever until we get sick of it or it kicks the digital bucket on itself. So no matter what, crashes are going to be the least of your worries when you're a secured and calculated investor. Take advantage of these moments to actually reap higher benefits instead of riding the panic wave and dumping all your coins cause you just can't take the selling pressure for yourself.

60k seems to be the lowest price at this point before halving.

Thinking that bitcoin’s price would go down again to 50k might be a little optimistic but it wouldn’t stop me from hoping anyway. Buying bitcoin just before halving is extremely important and it is the event you would not want to miss. It would absolutely devastate me to watch halving happen right before my eyes and to be able to do nothing.

So for those who can, please do accumulate as much bitcoin as you can!

Several alternatives for current holders must have been very well considered, because as you said be wary after the halving. Personally I am also trying to do several alternatives, such as selling a few percent because it is enough to take a profit and holding the rest to gamble on the halving turmoil later. The most important thing is that I have pocketed profits since touching the $73K area.

Another cycle to pay attention to is the decline after the halving, we can take advantage of that to take discounts. Because if you reflect on halving in the past, a sharp decline in a few months will again show a stronger reversal. We just need to be a little smart in responding to this year's halving which could be a little different from the previous one.

This cycle is faster than previous cycles as in past cycles, Bitcoin did not make new all time highs before past halvings. It usually takes Bitcoin many months (about a half of year) after the halving to make new all time high.

Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you (https://bitcointalk.org/index.php?topic=5483225.0).

If this bull run lasts like 7 or 8 months after the halving, I believe a new all time high above $73,000 will be made, and much higher from $73,000.

It's true that if you only aim at one cycle, have a plan to take profit is not wrong.

If you are a long term investor, aim at some cycles, check this strategy to withdraw your Bitcoin.

• [ANN] JJG Sustainable Bitcoin Withdrawal Strategy (https://bitcointalk.org/index.php?topic=5479482.0)
• https://bitcoindata.science/withdrawal-strategy