The Halving Hype

[Holdaaja]

I would say that at least part of the halving should be already priced in. This should not be as the first halving, in which nobody knew what could happen. Now people are mostly convinced that halving will raise price, so it is very likely that many bought in advance, making the price raise already.

But in halving the price increase isn't about more people buying, it is because there is less coins sold by the miners.
So that is why biggest price increase will happen after the halving.

[1713480738]

1713480738

[pereira4]

The halving will just give us a higher price but definitely not enough to make us rich.

A - It has already started

B - Not higher than $700

C - In the range of $500

Not higher than $700? are you serious. Once we get the traction of going up going $700 will get crushed like it's nothing. Times time it will go way  higher than the last ATH, and once the peak is reached, it will probably stabilize all the way down to around the last ATH, so $1000-$1200 will be the new normal (the new $300-400's).

[panju1]

I would say that at least part of the halving should be already priced in. This should not be as the first halving, in which nobody knew what could happen. Now people are mostly convinced that halving will raise price, so it is very likely that many bought in advance, making the price raise already.

But in halving the price increase isn't about more people buying, it is because there is less coins sold by the miners.
So that is why biggest price increase will happen after the halving.

It will be a cycle. The price increase will also get more people interested in bitcoin and we could see more people buying.
The halving is one event I will be keenly waiting for.

[The Sceptical Chymist]

It's going to either $420 or $500.  The halving won't bring us to $1000 as much as we'd all like that.  If I'm wrong, I'll gladly be wrong believe me.  There's no free lunch on Wall street, as they say, and people who think the halving is going to spike the price are believing in a free lunch.

[gravitate]

Well since the thread was started we are up 20 bux it's just a small snippet of what is to come can't wait for the roller coaster to pick up a bit more speed.

[Holdaaja]

It's going to either $420 or $500.  The halving won't bring us to $1000 as much as we'd all like that.  If I'm wrong, I'll gladly be wrong believe me.  There's no free lunch on Wall street, as they say, and people who think the halving is going to spike the price are believing in a free lunch.

Why is it "free lunch"?
Let me explain this to you, right now miners are getting 3600btc every day they are selling some part of that to pay electricity etc.
And after halving they will get only 1800btc per day. That is 54 000 bitcoins less every month.
So if miners are selling 50% of their mined coins and holding the other half, then there will be 27000 less coins sold every month.
That means over 12 million dollars less sales every month so of course that will affect the price!

If someone would right now buy 15000 coins (8.2$ million) from bitfinex, price would go up to 1000$
Source https://bitcoinity.org/markets

[gravitate]

OK an instantaneous buy followed by lots of dumps I guess but the hype may hold us up Im still a believer in the halving.

[MaritiJames3]

OK an instantaneous buy followed by lots of dumps I guess but the hype may hold us up Im still a believer in the halving.

The last halving the price was and stayed the same. I am not sure how this halving this would be different.
Remember the halving is most interesting for miners and with the current generation of miners they can mine with profit.

[katiecbell]

Here are the answers

a) when will the pump happen?
yes
b) how high will it go?
$1000
c) what will the price settle at?

$500

[gravitate]

Well my long positions are doing well opened them soon as you never know when the great big spike will come.

[pitham1]

Well my long positions are doing well opened them soon as you never know when the great big spike will come.

There are many people here with a long-only strategy.
They all believe in the long term growth potential of bitcoin.
When the next surge happens, they will all benefit. 

[gravitate]

1qayes I just opened another 50 bitcoin long on kraken.. will keep it open until the halving or sell at 800 usd which ever comes first. Good time for bitcoin;)

[Yanisumin]

I would say that at least part of the halving should be already priced in. This should not be as the first halving, in which nobody knew what could happen. Now people are mostly convinced that halving will raise price, so it is very likely that many bought in advance, making the price raise already.

But in halving the price increase isn't about more people buying, it is because there is less coins sold by the miners.
So that is why biggest price increase will happen after the halving.

If the amount of buying is the same as before the halving, the price should rise as the supply is lower than before.

[gravitate]

in theory but lots of people will be dumping with the newer higher price so depends really. I think will go up gradually wave style.

[Denker]

in theory but lots of people will be dumping with the newer higher price so depends really. I think will go up gradually wave style.

Anf others will buy these coins.So what?
In the end it doesn't matter because it's all about supply and demand. And as we know that daily new supply gets cut in half the price will rise if Bitcoin continues growing.