2024 Bitcoin Halving - What are Your Expectations!!!

[btc78]

                         
                                          

So basically this will take effect maybe later that year? or even in 2025 at least?

my expectation is that finally the price will break 100k ? or at least closer to that before 2024 ends.

I never gain much back in 2017 but this time I will not miss the chance and will Keep holding my coins till that year comes.

Bitcoin investors will definitely look forward to an increase in the price of Bitcoin during the halving and a bull run to come. The demand for bitcoin should also increase, btc will be more popular around the world and it will be more valuable in the future.

that is what we all wanted to see and there are so much expectation for bitcoin .

[RahbabaKahn]

The time to mine a new block is on average 10 minutes, independent of the number or speed of the miners, the difficulty gets updated roughly every 2 weeks to keep the time between two blocks roughly at 10 minutes.

So there's no such thing as the network becoming too slow.

Also, there's lightning which runs on top of Bitcoin and makes transactions almost immediate.

While you are correct about the time of  block creation in bitcoin mining, that does not describe the time for transactions to be processed.  For a transaction to be validated either quickly or slowly depends on the fee rewards for those transactions.  Bigger transactions usually require larger fees, making them more attractive for miners to process.  Smaller transactions with very small fees may wait a long time in the queue before being validated by miners.  In 2024, when block rewards will be half what they are today, the miners will need to make up the loss by getting higher fees, or processing more large transactions than small ones in order to maintain their profits.  So while the blockchain network may not be slower, the end-user wait time will be perceived to be much longer than it is now.  I believe that will have an impact on users who want rapid transactions, not slow ones, resulting in less demand for bitcoins.

[Riodarvg]

The Bitcoin halving period could be a crazy time for Bitcoin and cryptocurrencies. Expect the price to go up and get a new ATH after each halving, so expect to hit a new all-time high after the next halving. Of course Bitcoin users and popularity will also increase.

[bakasabo]

The Bitcoin halving period could be a crazy time for Bitcoin and cryptocurrencies. Expect the price to go up and get a new ATH after each halving, so expect to hit a new all-time high after the next halving. Of course Bitcoin users and popularity will also increase.

Some posts above Bitstar_coin showed, that during last 3 halvings Bitcoin price did not show any major changes. At previous halving, a lot of people expected Bitcoin price to skyrocket, but the significant price change started after Elon Musk tweets. This time the world economy is in tricky situation, and Elon Musk shows low interests in crypto, so instead of huge price changes, I would expect no huge price changes at all.

And btw, you say "new ATH after each halving" - there was never a new ATH after halving. Bitcoin had ATH 1-2 years after halving.

[LDL]

We always wanted bitcoin to be popular and widely accepted, so don't expect it to be a standalone asset, without any correlation to the traditional market, that's not possible.

It's not possible in the fiat/USD standard.

It will be possible in the BTC standard (measuring commodities such as gas, oil, gold, copper, wheat in sats).

Next halving 2024
Block rewards at time of halving 6.250 BTC

My prediction bitcoin would be hitted at the end of 2024

Bitcoin price (40000-90000)
But I have a feeling that if the war between Ukraine and Russia is not resolved, the upward trend of cryptocurrency and Bitcoin market cannot be expected.  If the war between Ukraine and Russia ends after 2024, Bitcoin will exceed $100k.

[NicNacCoin]

We always wanted bitcoin to be popular and widely accepted, so don't expect it to be a standalone asset, without any correlation to the traditional market, that's not possible.

It's not possible in the fiat/USD standard.

It will be possible in the BTC standard (measuring commodities such as gas, oil, gold, copper, wheat in sats).

Next halving 2024
Block rewards at time of halving 6.250 BTC

My prediction bitcoin would be hitted at the end of 2024

Bitcoin price (40000-90000)
But I have a feeling that if the war between Ukraine and Russia is not resolved, the upward trend of cryptocurrency and Bitcoin market cannot be expected.  If the war between Ukraine and Russia ends after 2024, Bitcoin will exceed $100k.

Hopefully there will be an end to the war between Ukraine and Russia before 2024. The two governments now want to come to an agreement. But due to the war in Ukraine and Russia everything has started to slow down all over the world. In particular, we have been hit hardest by this cryptocurrency. But I expect Bitcoin to start moving upwards before 2024 and in 2024 Bitcoin will stay between $100k. Or may even exceed 100k dollars.

[dunfida]

The Bitcoin halving period could be a crazy time for Bitcoin and cryptocurrencies. Expect the price to go up and get a new ATH after each halving, so expect to hit a new all-time high after the next halving. Of course Bitcoin users and popularity will also increase.

Better dont expect so that you wont really be that be mad or disappointed on the time would come but still the price hasnt looked the way you are anticipating or expecting for it to reach.
it is one of the key for you not to make yourself that impulsive or having that good control when it comes to your emotions.

Each halving event would really be having that positive impressions and assumptions that the price would shoot up like a rocket.yes, it did happen in the past
but it wont guarantee that it would happen in the future. Always consider out the risk and never exclude it out.

[BALIK]

The Bitcoin halving period could be a crazy time for Bitcoin and cryptocurrencies. Expect the price to go up and get a new ATH after each halving, so expect to hit a new all-time high after the next halving. Of course Bitcoin users and popularity will also increase.

Some posts above Bitstar_coin showed, that during last 3 halvings Bitcoin price did not show any major changes. At previous halving, a lot of people expected Bitcoin price to skyrocket, but the significant price change started after Elon Musk tweets. This time the world economy is in tricky situation, and Elon Musk shows low interests in crypto, so instead of huge price changes, I would expect no huge price changes at all.

And btw, you say "new ATH after each halving" - there was never a new ATH after halving. Bitcoin had ATH 1-2 years after halving.

Elon just entered the market in 2021, how can it be said that Elon created the growth of bitcoin? He is not a bitcoin creator or god to be able to do that, if he can tweet to make bitcoin hit new ATH, then I believe he has done it many times for his purpose of manipulating the market for profit. The fact that bitcoin always generates ATH after each halving means that bitcoin will not spike and reach ATH immediately, but it takes time, maybe half a year or a year later. Elon is not the savior of the market, he is just an investor like us, trying to follow the market to make a profit.

[Abiky]

The time to mine a new block is on average 10 minutes, independent of the number or speed of the miners, the difficulty gets updated roughly every 2 weeks to keep the time between two blocks roughly at 10 minutes.

So there's no such thing as the network becoming too slow.

Also, there's lightning which runs on top of Bitcoin and makes transactions almost immediate.

You're right about that. What we really need to worry about is the rate at which market prices decline. If by the next Bitcoin halving, prices are much lower than what they are right now, then I'm afraid there will be a mass exodus of miners on the Bitcoin blockchain. That would severely undermine the network's security, making it much more vulnerable against 51% attacks.

Many are saying things will settle during the course of 2023, especially when central banks will stop raising interest rates. But I'd take this with a grain of salt, since there's no indication the Russia-Ukraine war nor the COVID-19 pandemic will come to and end soon. As long as these cataclysms harm the global economy, don't expect BTC to reach a new ATH in price. Who knows what the future holds for the cryptocurrency? Just my thoughts

[bakasabo]

The Bitcoin halving period could be a crazy time for Bitcoin and cryptocurrencies. Expect the price to go up and get a new ATH after each halving, so expect to hit a new all-time high after the next halving. Of course Bitcoin users and popularity will also increase.

Some posts above Bitstar_coin showed, that during last 3 halvings Bitcoin price did not show any major changes. At previous halving, a lot of people expected Bitcoin price to skyrocket, but the significant price change started after Elon Musk tweets. This time the world economy is in tricky situation, and Elon Musk shows low interests in crypto, so instead of huge price changes, I would expect no huge price changes at all.

And btw, you say "new ATH after each halving" - there was never a new ATH after halving. Bitcoin had ATH 1-2 years after halving.

Elon just entered the market in 2021, how can it be said that Elon created the growth of bitcoin? He is not a bitcoin creator or god to be able to do that, if he can tweet to make bitcoin hit new ATH, then I believe he has done it many times for his purpose of manipulating the market for profit. The fact that bitcoin always generates ATH after each halving means that bitcoin will not spike and reach ATH immediately, but it takes time, maybe half a year or a year later. Elon is not the savior of the market, he is just an investor like us, trying to follow the market to make a profit.

Wait, but wasnt the moment, when he added "Bitcoin" in his Twitter accounts bio, what has triggered first wave of market growth? Followed by Bitcoin acceptance by Tesla. Wasnt it November-December 2021, when the price grew to $20k, and later set new ATH with $40k ? I always thought that he was the one that triggered growth, that later turned into bull market in 2022. Not saying that Elon is the savior, but he was definitely the one who started price movement. And not halving, that Riodarvg mentioned.

[mv1986]

The Bitcoin halving period could be a crazy time for Bitcoin and cryptocurrencies. Expect the price to go up and get a new ATH after each halving, so expect to hit a new all-time high after the next halving. Of course Bitcoin users and popularity will also increase.

Some posts above Bitstar_coin showed, that during last 3 halvings Bitcoin price did not show any major changes. At previous halving, a lot of people expected Bitcoin price to skyrocket, but the significant price change started after Elon Musk tweets. This time the world economy is in tricky situation, and Elon Musk shows low interests in crypto, so instead of huge price changes, I would expect no huge price changes at all.

And btw, you say "new ATH after each halving" - there was never a new ATH after halving. Bitcoin had ATH 1-2 years after halving.

Elon just entered the market in 2021, how can it be said that Elon created the growth of bitcoin? He is not a bitcoin creator or god to be able to do that, if he can tweet to make bitcoin hit new ATH, then I believe he has done it many times for his purpose of manipulating the market for profit. The fact that bitcoin always generates ATH after each halving means that bitcoin will not spike and reach ATH immediately, but it takes time, maybe half a year or a year later. Elon is not the savior of the market, he is just an investor like us, trying to follow the market to make a profit.

That effect of Elon Musk got worn out over time. In the beginning when he tweeted about Bitcoin, I think it was to be expected that the market will move or that at least some big players might have used the momentum of that tweet in order to pump the market and get excitement going on a global scale. When the richest man in the world with such a massive following out of a sudden starts to make moves in an industry, I think it is normal that there is going to be some serious momentum. It won't happen again though solely based on his tweets. Tesla accepting Bitcoin was also quite the step, but only in that specific situation.

Regarding the halving I believe that that will be priced in once again way earlier than the actual halving is going to happen.

[nullama]

~snip~
That effect of Elon Musk got worn out over time. In the beginning when he tweeted about Bitcoin, I think it was to be expected that the market will move or that at least some big players might have used the momentum of that tweet in order to pump the market and get excitement going on a global scale. When the richest man in the world with such a massive following out of a sudden starts to make moves in an industry, I think it is normal that there is going to be some serious momentum. It won't happen again though solely based on his tweets. Tesla accepting Bitcoin was also quite the step, but only in that specific situation.

Regarding the halving I believe that that will be priced in once again way earlier than the actual halving is going to happen.

Famous people or mainstream media saying things are basically noise in the long term.

The halvings are kinda in the middle term, they affect the price and how confident people feel about Bitcoin. The more of them, the better for Bitcoin.

We will see in a few years the big change that will be having the rewards as less than 1 Bitcoin, that will be interesting to see.

[cryptosize]

~snip~
That effect of Elon Musk got worn out over time. In the beginning when he tweeted about Bitcoin, I think it was to be expected that the market will move or that at least some big players might have used the momentum of that tweet in order to pump the market and get excitement going on a global scale. When the richest man in the world with such a massive following out of a sudden starts to make moves in an industry, I think it is normal that there is going to be some serious momentum. It won't happen again though solely based on his tweets. Tesla accepting Bitcoin was also quite the step, but only in that specific situation.

Regarding the halving I believe that that will be priced in once again way earlier than the actual halving is going to happen.

Famous people or mainstream media saying things are basically noise in the long term.

The halvings are kinda in the middle term, they affect the price and how confident people feel about Bitcoin. The more of them, the better for Bitcoin.

We will see in a few years the big change that will be having the rewards as less than 1 Bitcoin, that will be interesting to see.

It will be more interesting to see the block subsidy dropping below block fees (2040 -> 2044).

We still have a long way to go...

[BALIK]

The Bitcoin halving period could be a crazy time for Bitcoin and cryptocurrencies. Expect the price to go up and get a new ATH after each halving, so expect to hit a new all-time high after the next halving. Of course Bitcoin users and popularity will also increase.

Some posts above Bitstar_coin showed, that during last 3 halvings Bitcoin price did not show any major changes. At previous halving, a lot of people expected Bitcoin price to skyrocket, but the significant price change started after Elon Musk tweets. This time the world economy is in tricky situation, and Elon Musk shows low interests in crypto, so instead of huge price changes, I would expect no huge price changes at all.

And btw, you say "new ATH after each halving" - there was never a new ATH after halving. Bitcoin had ATH 1-2 years after halving.

Elon just entered the market in 2021, how can it be said that Elon created the growth of bitcoin? He is not a bitcoin creator or god to be able to do that, if he can tweet to make bitcoin hit new ATH, then I believe he has done it many times for his purpose of manipulating the market for profit. The fact that bitcoin always generates ATH after each halving means that bitcoin will not spike and reach ATH immediately, but it takes time, maybe half a year or a year later. Elon is not the savior of the market, he is just an investor like us, trying to follow the market to make a profit.

Wait, but wasnt the moment, when he added "Bitcoin" in his Twitter accounts bio, what has triggered first wave of market growth? Followed by Bitcoin acceptance by Tesla. Wasnt it November-December 2021, when the price grew to $20k, and later set new ATH with $40k ? I always thought that he was the one that triggered growth, that later turned into bull market in 2022. Not saying that Elon is the savior, but he was definitely the one who started price movement. And not halving, that Riodarvg mentioned.

I don't know if it's a coincidence or not, but can you explain to me the previous ATHs? the 2017 bull run when Elon wasn't in the market yet, and Bitcoin hit the ATH later halving. If he has enough power to make bitcoin go up and hit new ATH, why doesn't he do it now and moves to play with Doge? In 2022 the assets of the companies he runs have lost over $132 billion, I believe if he can manipulate bitcoin like that, he should find a way to recoup those losses.

[Sayeds56]

The Bitcoin halving period could be a crazy time for Bitcoin and cryptocurrencies. Expect the price to go up and get a new ATH after each halving, so expect to hit a new all-time high after the next halving. Of course Bitcoin users and popularity will also increase.

It is not possible to precisely predict exact date and time of next Bitcoin halving but it is likely to happen in first quarter of 2024 & consequently its reward will fall to 3.25 Bitcoins & obviously supply will be reduced, which should increase its price. it is a big event for Bitcoin holders who expect Bitcoin to make new ATH after the halving as it happened in the past.

Bitcoin Bulls expect that it will not only break previous ATH, but also go beyond 200K. Let's watch & wait, what next halving brings for us.   DYOR

[Erumo]

Personally, I expect nothing special from 2024 Bitcoin Halving. As usually we will see dozens of topic of halving discussion here, article on a crypto portals, but in reality nothing happens. Just usual bla-bla-bla and increased expectation, sort of a price increase to 100k and bs like that.

Want to see real price changes - wait for 2025, as prices usually changes in a half a year or year after halving.

[Anonylz]

Some posts above Bitstar_coin showed, that during last 3 halvings Bitcoin price did not show any major changes. At previous halving, a lot of people expected Bitcoin price to skyrocket, but the significant price change started after Elon Musk tweets. This time the world economy is in tricky situation, and Elon Musk shows low interests in crypto, so instead of huge price changes, I would expect no huge price changes at all.

And btw, you say "new ATH after each halving" - there was never a new ATH after halving. Bitcoin had ATH 1-2 years after halving.

How can you confidentiality associate Elon Musk to the reason why btc experience any significant growth? Am a bit shocked at your response.
Btc has done consecutive ath before there was ever Elon Musk and his mediocre tweets. And believe it or not, btc will record yet again another ath in the coming bull circle without him.

[n0ne]

Some posts above Bitstar_coin showed, that during last 3 halvings Bitcoin price did not show any major changes. At previous halving, a lot of people expected Bitcoin price to skyrocket, but the significant price change started after Elon Musk tweets. This time the world economy is in tricky situation, and Elon Musk shows low interests in crypto, so instead of huge price changes, I would expect no huge price changes at all.

And btw, you say "new ATH after each halving" - there was never a new ATH after halving. Bitcoin had ATH 1-2 years after halving.

How can you confidentiality associate Elon Musk to the reason why btc experience any significant growth? Am a bit shocked at your response.
Btc has done consecutive ath before there was ever Elon Musk and his mediocre tweets. And believe it or not, btc will record yet again another ath in the coming bull circle without him.

At times we've seen specific incidents pushing the market. Same as that previous time the market push happened when Elon Musk made few tweets. Further he tried to manipulate the market, but people are well aware and understood that Elon Musk is much focused on making money than supporting the market.

Bitcoin halving is scheduled to take place by 2024, we don't know what happens by the days close to halving. As the year is bearish, we can expect gradual rise in the price which might lead to new ath.

[Abiky]

Famous people or mainstream media saying things are basically noise in the long term.

The halvings are kinda in the middle term, they affect the price and how confident people feel about Bitcoin. The more of them, the better for Bitcoin.

We will see in a few years the big change that will be having the rewards as less than 1 Bitcoin, that will be interesting to see.

I can't imagine how expensive Bitcoin will become after the block reward is reduced to less than 1 BTC. Market prices would probably be in the "millions" by then. People usually become excited after each halving event, since they're indicators of a substantial increase in market prices. If history repeats itself, then it's likely BTC will go to the moon by 2024 (when the next block reward halving will occur).

Of course, the global economy would need to recover before we can talk about BTC reaching a new ATH in price. Central banks won't keep raising interest rates forever, so I'm pretty confident things will look bright next year. Who knows if BTC manages to beat Fiat for good? Just my thoughts

[Warkop]

my hope is that it will exceed the previous years in 2017/2021, and even in the coming 2024 bitcoin will be even more valuable throughout the world..