2024 Bitcoin Halving - What are Your Expectations!!!

[stompix]

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.

No need to apologize as I didn't catch any vibe from it, don't worry, as for free electricity, no, I don't have that advantage, but still the numbers are real, an S19 is mining ~7-8$ worth a day and burning 75kwh, from there you can get the picture of what miners face right now.

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.

I agree with the past profitability, but they won't be using that cushion to keep mining unless they earn a profit or they face heavier losses if they won't be mining because they've paid in advance rent and contracted workers when faced with better profitability from just reselling contracted electricity even the big guys like Riot have chosen to shut down. So it's fairly easy, you burn 80$ to get 100$ worth of BTC you keep mining, I burn $80 to get 60$ I'm not stupid to keep on doing it so rather than spending 80$ on electricity I just rush and buy exactly 80$ with of BTC, I do have what you can call a cushion but I'm not an oil miner to have to keep this running even if I lose money.

But yeah, it will be survival of the fittest for real if the price doesn't move in 6 months, the rest will just idle on the side waiting for the next bull market.

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[topman21]

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).

The current time is such a time that no one's analysis is useful.But the market position is currently very difficult to understand. You ignore this current market and move forward and you will see good things ahead.But we all have seen that Bitcoin has many such incidents in the past so don't worry too much and be patient Those who have the ability to invest invest in this dumping market for long term investment and you will see that you have earned enough profit very soon.

[yhiaali3]

Thanks for this good research on Bitcoin halving, it is quite clear that after every halving we get a new ATH so we are expected to get it after the next halving as well. I also expect the adoption of Bitcoin to increase around the world because it is normal for Bitcoin to attract the attention of more large investors every time we hit a new peak. I also hope to see more governments adopt Bitcoin.

[GreatArkansas]

Here's another platform to have track about the upcoming Bitcoin block halvings: https://www.bitcoinblockhalf.com/
There you can also see other information about Bitcoin block halving, like how it works, what is the effect, etc.
For me, this is the biggest event that I am looking forward for Bitcoin because it will also affect the market.

[LogitechMouse]

Nothing but a rise a few months after the halving.
I mean just by looking at the Bitcoin's last movements after the halving, we can already see that it will rise after the halving, right?

Well, a rise after halving isn't 100% sure but there is a high chance that it will happen and that's the only expectation that I have. Adoption? It will increase overtime and halving might have a little to no effect on it. As for the miners though, it will be a problem for them as their reward will be cut in half.  I don't know if this might affect or worse make people not mine Bitcoin anymore except for countries that have low electricity costs but... yeah .

[ethereumhunter]

Thanks for this good research on Bitcoin halving, it is quite clear that after every halving we get a new ATH so we are expected to get it after the next halving as well. I also expect the adoption of Bitcoin to increase around the world because it is normal for Bitcoin to attract the attention of more large investors every time we hit a new peak. I also hope to see more governments adopt Bitcoin.

Yes, we can expect the price to rise much higher than the previous ATH and maybe it can reach above $100k or even $200k. Bitcoin adoption has also been increasing worldwide and although there are still some people or companies are still afraid to invest more money in bitcoin, that's okay because, in time, they will invest more in bitcoin. That will provide more support for bitcoin so that, at that time, the price can increase gradually. And we, as bitcoin users who still believe in bitcoin's ability to go higher, are still holding and buying more bitcoins because we're bound to see new ATH prices in the future.

[NeuroticFish]

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.......

First of all, I agree with @davis196, there's still a long time until the next halving and too many things can happen.
However, I do expect wider acceptance, more companies do business related to bitcoin, increased popularity and number of users, but none of that is related to halving. This happens pretty much with every day passing.

What I expect more? On long terma I expect LN get used at a really large scale, I expect more similar solutions emerge, I expect we get to the point Bitcoin gets as easy to use as the fiat credit cards and that also get implemented in shops (eg. grocery store chains), I expect large businesses enter into mining either to burn excess energy, either to keep the network secure for the sake of their own musiness.
How much of this is going to happen until the next halving I don't know, but one can hope.

[Dunamisx]

   The next bitcoin halving is less than two years, to me, this period will be different because, for the first time, I really am paying attention to important aspects of btc and keeping myself updated as well.
I can't really say much about previous halving other than just reading about them (probably because I was not holding btc) but now is different because I have been accumulating in every little way I can.

There's nothing new coming in year 2024 halving that had not been a major event that has taken place before, we know that whenever we are getting closer to halving, there use to be a high volatility rate in bitcoin praise whereby it will drastically fall and same way sporadically rises to surge high, what is now expected of us is the strategic positioning to the occurrence of this event of halving before it take place and and thereafter it occurrence, people will make something reasonably good out of it if carefully studied.

[BTCat]

Yes, opposite of what many expect many crypto's go down on the short term after the halving event.

I remember thinking "it seems the price of bitcoin also is halving everytime it happens."

In the long term bitcoin will become scarcer and eventually the price will move accordingly.

Until now it reached a new platform around 20K and I would like to think we came from below $1200
instead of that we went down from 68K. We made the higher low 20 x above last top. We may see $12K - $13K
before we can win back trust in the market and the price could go back to $30K - $60K zone.

[TriaxialTick5]

Every four years, this number is cut in half.

It's not accurate. The halving occurs every 210,000 blocks which takes roughly 4 years.

New bitcoins are issued by the Bitcoin network every 10 minutes.

This is wrong too.
New bitcoins are generated in every block mined. It's estimated that a new block is mined every 10 minutes on average. A new block may be mined in a few seconds. It's also possible that it takes an hour.

How relevantis bitcointalk in 2022?

[Betwrong]

I expect a new ATH, something above $100k. Only this time it will happen not after, but before the Feb 2024 halving. People are smart now, they know what happens after halving, so they will start buying beforehand, somewhere closer to the end of the year 2023, or maybe a bit earlier.

[arwin100]

I expect a new ATH, something above $100k. Only this time it will happen not after, but before the Feb 2024 halving. People are smart now, they know what happens after halving, so they will start buying beforehand, somewhere closer to the end of the year 2023, or maybe a bit earlier.

The discussion about $100k is circulating even if the halving still far to happen since many people thinks that bull run will continue to happen this year but all expectations fade out to due to bearish situation. But $100k is truly possible if big hypes coming but I'm not expecting any 6 digits yet since I think $90k will be more realistic price to reach up.

[NeuroticFish]

I expect a new ATH, something above $100k. Only this time it will happen not after, but before the Feb 2024 halving. People are smart now, they know what happens after halving, so they will start buying beforehand, somewhere closer to the end of the year 2023, or maybe a bit earlier.

The discussion about $100k is circulating even if the halving still far to happen since many people thinks that bull run will continue to happen this year but all expectations fade out to due to bearish situation. But $100k is truly possible if big hypes coming but I'm not expecting any 6 digits yet since I think $90k will be more realistic price to reach up.

Well, OP was asking about other expectations than the price.
And while everybody hopes for 100k or higher, there are chances that if recession strikes we may not even reach the previous ATH...

[Oneandpure]

Based on experience with several Bitcoin Halving I have bigger expected for next halving on 2024 to see Bitcoin can make new ATH again, maybe opportunity for my altcoin assets holding after price drop drastically and waiting next time Bitcoin Halving on 2024 to see new higher price. Usually all previous Bitcoin Halving give positive impact with Bitcoin can reach to higher price, but next time Bitcoin Halving seems different than previous Halving time.

Many bad news show every days and last cases with BNB hacked make Bitcoin difficult to make new higher price although on next Halving Bitcoin on 2024. Expectation with Bitcoin Halving if can't reach new higher price and want to see Bitcoin can break out above $40,000 to make altcoin keep stable on higher price.

[buwaytress]

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.

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.

Not only did I miss 69k, the most I ever sold for (other than my periodic sells which happens regardless of price, same as my "buys" which are just earnings invoiced) was actually just above 20k... have detailed that in earlier posts last year even, just a case of bad luck with a domestic emergency which would have been much more comfortable if it only happened a few months later.

Of course, it could just have as easily come a few months earlier before the 2020 rally and I'd really be fked.

And that's just me as a DCA-er, can't imagine the stress of running a balance book with mining, and counting ahead and making sure you're on the right side of razor-thin margins.

[Bitstar_coin]

Well, OP was asking about other expectations than the price.
And while everybody hopes for 100k or higher, there are chances that if recession strikes we may not even reach the previous ATH...

Another phase of recession than what we are already experiencing? By 2024 of btc halving I expect the recession  to be reduced to the bare minimum, if it lingers till that period then there is definitely going to be a serious issue and no doubt will rob off on btc and crypto in general.

[Hispo]

I expect the price to start to slowly and steadily increase to a solid support between 80k-100k$ by the first year after the halving.
I believe that would be a great scenario for holders and long term investors as the adoption increases and the supply decreases, the logical path is an increase of value of Bitcoin.

Something very unexpected would be necessary to stop the increase of the price I personally look forward to. 

[LittleBitFunny]

I expect a new ATH, something above $100k. Only this time it will happen not after, but before the Feb 2024 halving. People are smart now, they know what happens after halving, so they will start buying beforehand, somewhere closer to the end of the year 2023, or maybe a bit earlier.

The discussion about $100k is circulating even if the halving still far to happen since many people thinks that bull run will continue to happen this year but all expectations fade out to due to bearish situation. But $100k is truly possible if big hypes coming but I'm not expecting any 6 digits yet since I think $90k will be more realistic price to reach up.

Well, OP was asking about other expectations than the price.
And while everybody hopes for 100k or higher, there are chances that if recession strikes we may not even reach the previous ATH...

We can see in 2020, bitcoin is accepted and popular in many stores, companies and countries. Whether possessing the technology of the future such as decentralization or privacy… but it can be seen that bitcoin is increasingly being noticed by its impressive growth rate and the profits it brings. Michael Saylor investing in bitcoin or El Salvador accepting bitcoin as legal tender because of the profit potential bitcoin can bring in the future. If the 2024 recession continues and bitcoin fails to reach all-time highs then I think other expectations are also very hard to achieve.

[coinerer]

If one believes Bitcoin's  four years cycle then 2024 will be one of the years for the next Bitcoin bull run. Where all previous records will be surpassed. Moreover, if various obstacles including war, inflation can be ended by this time, next year 2024 can be one of the years for Bitcoin revolution.

[jacktheking]

I've been through two Bitocin halving already. I feel that it will be the same. The market and mining scene will be affected. However, it won't be a drastic change to the point that Bitcoin price will skyrocket overnight.

Politics and market aside, I feel that I missed a great opportunity to mine Bitcoin when the rewards was high and difficulty was low. I can't blame myself as I was still a kid back then. With this, I should grab every opportunities I have now.