2024 Bitcoin Halving - What are Your Expectations!!!

[Jating]

I thought that the next halving is going to occur around May, my calendar might be off, 

But in any case, yeah, it's the catalyst for the next bull run so everyone is going to be excited to see that event again. But before that, we should continue to accumulate today, still cheap as the price is still around the all time high in 2017. And we still have a lot of time to do that, and as per prediction, we might be seeing 6 digits this time, (we all expecting it in 2021).

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[OgNasty]

I think the halving will likely be a somewhat non-event as usual.  Sure, we'll probably see a runup in price beforehand and a selloff once it's done as people buy the rumor and sell the news (as if it weren't already locked in).  The real fireworks will probably happen when the rubber hits the road in 2025 though and the cut supply starts really being felt by the market.  I'm expecting summer of '25 to probably bring us the 6 figure Bitcoin we've been waiting for.  If it doesn't hit at least $85K I can say that I will be disappointed. 

[Cookdata]

Isn't this a little out of the discussion at this time? We are almost two years into the next halving, and depending on how new blocks are discovered, it may take a little less time or may take longer than the number of days you indicated.

There will be a price recovery of about $50k to $60k before the halving, and there will be a shake everywhere. Then, two days before the halving, some traders and speculators would sell the news, as they won't wait until that event day because they would want to outsmart others and after that, the miners will take over the market and move it to a new all-time high.
Expect to see more organizations and countries adopt bitcoin during this new bull run, and I sincerely hope that industry heavyweights like Elon Musk won't return to bitcoin, his presence in bitcoin has done more harm to bitcoin price.

[carlfebz2]

I thought that the next halving is going to occur around May, my calendar might be off, 

But in any case, yeah, it's the catalyst for the next bull run so everyone is going to be excited to see that event again. But before that, we should continue to accumulate today, still cheap as the price is still around the all time high in 2017. And we still have a lot of time to do that, and as per prediction, we might be seeing 6 digits this time, (we all expecting it in 2021).

Same thoughts! which i do believe that it was on next year but to mind off that we are still on year 2022.LOL!

When it comes to this halving event, then majority of the community or crypto enthusiast specially with Bitcoin is that they are really that optimistic when it comes to this event which is something you cant really
ignore where positive vibes and views would really be floating and flying around.

We are all bullish when it comes to halving but dont expect or hope that much because we might see the other way around.

[tabas]

The past bull run had made it to the mainstream and for the financial companies. It will be a better bull run as that's my expectation to it. 6 digits could be the highest that it can get but we don't know how long it will stay at that rate.
Well, it's all about the pricing and most of us thinking about that $100k new ATH by that time after the halving. We may be too far from it but look at how time flies, we're already at the last quarter of 2022 and next year we'll be closer to the halving.

[Iranus]

~~~

So dear colleagues, What are your expectations? other than price increase  
*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......

No need to expect, just once bitcoin price goes up again and hits new ATH in 2024 the things you mentioned will increase automatically, there will be more bitcoin adoption in companies, countries, users...I can tell you that things will grow exponentially and one thing that never goes away with those good things, which we often hear about is the bitcoin bubble about to burst, run now.
Bitcoin vandals aren't just active during bear season with the slogan bitcoin will die, but they will be with us during the bull season with the slogan that the bitcoin bubble will burst during the bull season  . It would be sad without them and the Fuds around us when the bull season comes.

[Ahli38]

in the previous halving period I didn't even hold bitcoin. So I didn't experience it either. And it's different this time. because I now keep accumulating bitcoins all the time. And with this of course I became hopeful and wanted bitcoin to surpass its current high price. Apart from the price. I also hope that more countries will adopt bitcoin as a legal tender. when it comes to popularity then I think Bitcoin naturally continues to grow in popularity. and lucky I'm in a country that I think is the most friendly towards crypto and bitcoin assets. although taxes have been imposed in this country on crypto assets and bitcoins. but it doesn't burden us at all as bitcoin holders.

[melody82]

Well I think the halving will be bullish, but the price of bitcoins is always so crazy that its like impossible to predict what will happen! I think up, and maybe up a lot! Getting near to it, there will probably be fomo that boosts it more, but you never know what will happen until then, like governments banning it or something like that. Who knows!

[Davidvictorson]

So dear colleagues, What are your expectations? other than price increase
*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......

I think that there is sort of like an inverse relationship between the  bitcoin halving and increase in the number of users and it become more popular. What do I mean? I believe there is a negative correlation between the halving of the bitcoin supply and a rise in the currency's user base and level of popularity. Why do I say that? We already know that historically, the price of bitcoin always rises during the period of the bitcoin halving, and that more users would acquire bitcoin in order to benefit from the price increase. My prediction is that there will be more people using bitcoin, and that it will become more well-known since we will see it trending all over the world.

[Sarah Azhari]

Why is so much different from the coin market cap? what timezone do you use? 23 days is enough far. I don't know how to calculate, based on what?

Till now, 757,193 block have been mined and there are 82,807 blocks until the next halving.
Assuming the average block time for these blocks will be exactly 10 minutes, the halving should be 828,070 minutes later which is 575 days, 1 hour and 10 minutes later.
With this assumptions, the halving will be on May, 02, 2024. You see exactly the same date on Coingecko and bitcoinblockhalf.

buybitcoinworldwide (which was used by OP) and coinmarketcap (which was mentioned by you) are using different methods for estimating the halving date.
For example, you can use the average block time of previous halving periods or average block time of the previous difficultly adjustment period.

No one knows the exact date of halving.

Now, you make some difference (575 days), there is already a number of 532, 500 days...maybe next someone can make another difference.
but in my opinion, the difference in time is not important right now, because it's still long and people have begun to collect before it is too late like past. Don't fall into the same hole, too late to buy and then stuck at a high price.

[yazher]

The last Bitcoin Halving was crazy and it really creates some scenarios where it raises its popularity I'm sure when we getting more closer, more people will gonna buy bitcoins to get ready for sure profits. 2024 could be a different scenario as well but one thing is for sure, the price will increase and have a chance to go for record-breaking ATH. Just like the past history of bitcoin halving, it will gonna also attract more big fish in the market when they see the price rising too much.

[Gallar]

my hope if bitcoin halving is not much,

I hope bitcoin users get smarter, the users increase, and I become a successful and happy person.

but sometimes I like to think, is this bitcoin halving really going to happen,
but if you think about it,

- more and more bitcoin users
- technology is advancing
- many people already know about crypto investing
- most likely bitcoin will continue to advance

strangely, sometimes I have doubts about it,
somehow?

[Kakmakr]

I am not expecting a lot from this next Halving, based on the price behavior prior to the previous Halvings that we had before. Yes, it has a influence on the price, because it is a talking point in the media in the run up to the event, but most of the time... it only has a small impact on the price. 

People are making a big deal out of the Halving to hype it up, but the big whales are used to this and they are the ones that are having the biggest impact on the Bitcoin price. 

[davis196]

It's too early to discuss the next Bitcoin halving. Anything can happen in the next 2 years.
Why do you compare the halving price with the price 150 days after the halving? The massive price pumps usually happen 9+ months after the halving. It has been discussed multiple times in the forum, that a Bitcoin halving doesn't have a direct impact over the Bitcoin price, but it creates positive hype around the Bitcoin traders and users, so they start buying more BTC expecting the price to go to the moon. The price goes up, so the hype seems like a "self-fulfilling prophecy".

[aoluain]

I think the halving will likely be a somewhat non-event as usual.  Sure, we'll probably see a runup in price beforehand and a selloff once it's done as people buy the rumor and sell the news (as if it weren't already locked in).  The real fireworks will probably happen when the rubber hits the road in 2025 though and the cut supply starts really being felt by the market.  I'm expecting summer of '25 to probably bring us the 6 figure Bitcoin we've been waiting for.  If it doesn't hit at least $85K I can say that I will be disappointed.  

That's it! we have seen before a run up approximately 6 months before the event and
the question being asked very close to the event "is the halving PRICED IN already?" meaning
on the day of the halving and those days following is the price going to miracously jump,
and it doesn't really. It's the months following where the action really happens.

I would be very dissapointed if $100k isn't crossed!

     

So dear colleagues, What are your expectations? other than price increase  
*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......

There will definitely be more interest generated by the event, newbies are going to
get sucked in and get burned 2 years later.

Widespread adoption and all that - not likely just based on a block reward cut.

[KaliLinux]

~~~

So dear colleagues, What are your expectations? other than price increase  
*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......

No need to expect, just once bitcoin price goes up again and hits new ATH in 2024 the things you mentioned will increase automatically, there will be more bitcoin adoption in companies, countries, users...I can tell you that things will grow exponentially and one thing that never goes away with those good things, which we often hear about is the bitcoin bubble about to burst, run now.

I agree with you in regards to the effect of Bitcoin prices having a great effect on continued adoption by many even into the future. I mentioned the same in this post,  https://bitcointalk.org/index.php?topic=5415929.msg61066267#msg61066267
 yesterday and I believe like you, once the market reverses everyone including the doom preachers of Bitcoin will jump back into the circle including new users that will FOMO in too.
 

[EarnOnVictor]

The 150 days interval used by the OP does not allow the effect of the halving in 2012, 2016 and 2020 to be seen, he could have added the peak attained after the halving of each year for the effect to be well appreciated. Nonetheless, halving is a good tradition of Bitcoin and perhaps a time for BTC lovers to make money, but many are overrating this.

I've read some people claiming that 2024 halving would make BTC reach $100-150K, while some even go as high as $240K due to a cycle theory that might not see the light of the day.

As for me, the 2024 halving will surely help BTC to fly higher, but I predict that nothing higher than $100K would be witnessed. Precisely, BTC should not go above $87K due to the halving.

[buwaytress]

Didn't feel too long ago to me when we had last halving, it definitely doesn't feel too long more to the next one. 3+ BTC per block may seem even "admissible" to miners if you consider how long they've been enjoying and taking profits (and yeah many are supposed to be almost underwater now but still think that's an exaggeration)

It's not an exaggeration, I'm looking at a machine earning 7$ a day (soon $6 the way the hashrate is going)  with free electricity and the same machine going for around $2k on the market, 3 years of ROI with free electricity. Yeah there have been good times in mining, one year ago we were talking about $40 a day for the same machine but think of the future, with this kind of revenue once you have a miner breaking down, do you think of replacing it or you would simply keep with just what you have?

Didn't mean to sound dismissive if I did, apologise for that. But if you're struggling with free electricity, then I can imagine what it's like for a business.

I suppose I always tend to think that mining, in scale, which was the type I was thinking of, always has huge margins that past years have really built up a cushion. 500+ days to next halving, and looking at the 1.5 years generally needed after for the next ATH, it is going to be survival of the fittest to another level.

[tranthidung]

I suppose I always tend to think that mining, in scale, which was the type I was thinking of, always has huge margins that past years have really built up a cushion. 500+ days to next halving, and looking at the 1.5 years generally needed after for the next ATH, it is going to be survival of the fittest to another level.

We don't know when a new all time high will be touched and we don't know where is a new all time high.

From my experience, I know that we will have a new all time high as one of consequences of each halving. It's truly that we will have so many times and chances to take profit at higher price than the past all time high. Even if you miss a new all time high, don't sell at or around a new all time high, you will still be able to sell a lower price. Lower price under a new all time high should be higher than past all time high.

Just like you missed $69,000, you would have had many prices to sell from $50,000 to $40,000 and $30,000 or even just higher than $20,000.

[justdimin]

The 150 days interval used by the OP does not allow the effect of the halving in 2012, 2016 and 2020 to be seen, he could have added the peak attained after the halving of each year for the effect to be well appreciated. Nonetheless, halving is a good tradition of Bitcoin and perhaps a time for BTC lovers to make money, but many are overrating this.

I've read some people claiming that 2024 halving would make BTC reach $100-150K, while some even go as high as $240K due to a cycle theory that might not see the light of the day.

As for me, the 2024 halving will surely help BTC to fly higher, but I predict that nothing higher than $100K would be witnessed. Precisely, BTC should not go above $87K due to the halving.

There is really no exact date, nobody could find that exact date because there is none. The reality is that, one thing is a big fact that we can't deny at all, and that fact is "after a certain time passed over halving, the price starts to go up", we do not know how long needs to pass, or how high it will get, none of them is known.

What we know is that it is going to be some time after the halving, and we know that it is going to be something that will be higher than what it entered the halving as. This is why it is a smart decision to buy a bit before halving, and sell a while later, that way you could profit, better would be buying now and selling after 3-4 halvings later.