2024 Bitcoin Halving - What are Your Expectations!!!

[cryptosize]

Awaken from your slumber and allow me to correct you. Some people were even more bullish.

That prediction is from December last year, when everyone was giving a lot of bullish predictions that have not come true. Even Michael Saylor was giving predictions like that one and now he has become a bear.

No, you seem to be in some kind of slumber.

Did you read the WHOLE tweet?

That guy predicted the Ukraine invasion, EU energy crisis, 20% inflation etc. Back in 2021. And yet, you didn't even comment on it.

Read it again...

If that post is as original as it was posted without any editing functions, I would say whoever it is has a crystal ball since almost all that is on that list has occurred, but then again it is hard to trust things like this as it is very easy for people this days to edit stuff. But the btc prediction though is quite high if you ask me, even if such a prediction can happen, it will certainly be for the very long term.

Twitter has no edit function so far.

Also, 10 million USD assumes hyperinflation (again: read the whole tweet), so it could be the equivalent of 1 million USD of today. Not bad if you ask me.

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[VanillaH]

It will be like other halving: because less Bitcoins are being generated, its value will increase.

However, I do not know if the value will increase as much as in the past since we will probably in a cycle of rising interest rates.

[TheGreatPython]

like the other said the bitcoin price touch new ath and that the time to sell some of bitcoin enjoy profit after crypto winter and this maybe is gonna be huge ATH since the economic maybe already going to full recovery

Everyone knows about the current ‍situation of Bitcoin. We cannot yet say that Bitcoin is in a good position. If the premonitions of an economic downturn are reversed, Bitcoin will take a turn for the worse. But there is no doubt that Bitcoin will be bullish again. Next year 2024 we may get the year of Bitcoin again.

I am guessing that bitcoins year will be around 2025 instead of 2024, the price could go up more than what it is right now until that day, but the real increase will happen in 2025 if you ask me. What I mean is, by 2025 we could see it be 50k to 70k range, that would be a good increase and everyone will think that we already went up a lot.

But, what I believe will happen is that by 2025 after a certain time passed over halving, we are going to end up seeing something like 200k+ and that will be the "real" increase, that’s a very important difference. That would be the thing that I am waiting for right now and when it happens I may actually retire comfortably.

[Betwrong]

Like clockwork:

^^This is a nice one! Yes, it is expected that somewhere around 2024 Bitcoin Halving the price will start going up, but looking at the Bitcoin yearly trend we can expect the beginning of the process sooner than in a year. And why not? If you can afford holding your BTC for years, why don't buy BTC at $20k instead of buying at $40k a few months later, even though buying at $40k is a pretty good deal too?

This is what is called a 4 year cycle, everyone will wait for the Halving moment, and certainly will expect a lot with growth in all markets, even though we are in a bear market right now, here is my hope that in the coming year there will be no downturn in the world economic system,  because many large countries have been affected by the downturn in a very chaotic economic system, many companies are experiencing losses and not to mention the impact of the current inflation, demanding that all countries raise prices for the necessities of life, at least in the upcoming Halving in 2023 at least  The growth in the crypto market is not affected by the problems that are being talked about in all foreign media.

What media is saying about ups and downs in the crypto market is rarely true, if ever. When a rise happens, it's easy to make up some "causes" post factum, and that's what they are doing, basically. They are even more inventive when a falling happens, because bad news always attract more attention.

[danherbias07]

Reach the last ATH and stay that way for a year or more. It becomes the new bottom despite the economic problem. 

No one is sure what will happen. We didn't even know that waging war will happen again. I thought it will just be politics bashing each other using social media platforms. But now it's real. I think even with the halving to come, there will be a hard time for Bitcoin to shoot up in value once again.
Unless we recover at a fast pace after they made peace again or just in agreement about something.

[MinoRaiola]

In 2024, after halving, something has to change, if only when it comes to mining the rewards and the increasing difficulty. It makes it very unlikely that bitcoin prices will fall after that. Anything is possible, but if the miners only have half as much bitcoin that they sell, then I hope for more demand and higher prices in 2024.

[Vaculin]

I hope for widespread adoption and dismissal of the usual criticisms (energy, money laundering and other illegal activities, etc.) but I doubt that will happen by 2024. It will probably become another crazy year for bitcoin and other cryptocurrencies. Insane pumps/dumps from recently launched projects, more news on regulations, and bans.

2024 is just too early to say that we will achieve global adoption and see bitcoin price reaching its price above $100k. Let’s target btc price like $70k-$80k first knowing it’s quite possible for that. However, despite of the bitcoin halving that is set to happen by next year, I guess the market will more likely to stay bearish which means bitcoin is most likely not to reach significant heights that time. This is just my thought considering the current condition of the market.

[lalabotax]

I have many expectations for BTC halving in 2024. I really expect BTC achieves a new ATH, I also hope that there are more top companies and more countries to declare BTC as legal tenders. These probably happen in the next 2-3 years because BTC is getting popular right now. And we must know that BTC halving always plays a big role in crypto market, people are waiting for this moment. I am sure there will be more people involved in crypto investments once BTC halving happens. People already know that BTC halving is the cause of the crypto price increases.

[lionheart78]

So dear colleagues, What are your expectations? other than price increase  
*Do you expect to see widespread adoption and acceptance?

Adoption is still on going and the government are taking notice of the growth of popularity of Bitcoin and institution adopting it so basically I think that countries that are hesitant about Bitcoin will start to reconsider their stance and might give Bitcoin a chance to be adopted.  Bitcoin usage is already widespread and the adoption is already in global stage so there is no other thing but to think that Bitcoin will keep on spreading and government acceptance will be in a new height.

*More involvement from big companies?

Obviously, more country accepting Bitcoin, more big company will try to take advantage of the opportunity Bitcoin offers.

*More popular?
*Increase number of users?
*Any other.......

More government acceptance equals more popularity and an increase in user and community.  Lots of apps will be since each company will have its application released to cater to Bitcoin transactions.

[noormcs5]

I'll be "old" then, but 100k BTC should be the new conservative hmm?

I think 100,000 for the next cycle, and going over that price is a reasonable and conservative bet. For the cycle after that, I am not sure, as it will depend, among other things, on what the maximum of the next cycle will be. If the maximum is 120,000, I don't think we will reach 200,000 in the next cycle. The price will probably be close enough without breaking it.

I am not sure what will be the price of bitcoin at the end of the next bull market but if you say that the price will be between 100,000 to 120,000$ then that will be only 2x of bitcoin all time high. Remember that bitcoin went to approx. 69,000$ in the previous bull season.

I hope that bitcoin reaches new all time highs in the next bull run exceeding our expectations. 

[NicNacCoin]

Bitcoin will certainly form a good position. Currently, based on the recent state of the country and the war situation in various countries such as Russia and Ukraine, Bitcoin may have such a position.Once the Russia and Ukraine belligerence ends, Bitcoin will be in a good position again.I think this Russia is dumping Bitcoin so much because of Ukraine But in 2024 there will definitely be a halving of Bitcoin. But I think bitcoin will surely reach 100k dollar any day.

[cryptosize]

Plot twist:

Russia & China hoard BTC secretly @ 19-20k USD.

And I reckon in 2026 we will have a new bear market thanks to the China-Taiwan war, which will probably instigate WW3 (West vs China).

It doesn't matter if the Russia-Ukraine war ends...

[Abiky]

It will be like other halving: because less Bitcoins are being generated, its value will increase.

However, I do not know if the value will increase as much as in the past since we will probably in a cycle of rising interest rates.

Technically, Bitcoin's price should increase with every block reward halving. But if the global economy is in a recession, you cannot expect things to get better anytime soon. I don't think central banks will keep rising interest rates forever, especially when currencies aren't meant to be deflationary. This is only a temporary measure to help control inflation as a result of the COVID-19 pandemic and the Russia-Ukraine war. After this is over, we can expect Bitcoin to reach a new All-time-high in price.

If you're smart enough, you'd buy as much Bitcoin as you can while the market is bearish. By taking advantage of this opportunity, you will increase your chance of becoming a wealthy person within the not-so-distant future. Who knows what 2024 holds for Bitcoin and other cryptocurrencies on the market? Just my opinion

[yohananaomi]

Bitcoin will certainly form a good position. Currently, based on the recent state of the country and the war situation in various countries such as Russia and Ukraine, Bitcoin may have such a position.Once the Russia and Ukraine belligerence ends, Bitcoin will be in a good position again.I think this Russia is dumping Bitcoin so much because of Ukraine But in 2024 there will definitely be a halving of Bitcoin. But I think bitcoin will surely reach 100k dollar any day.

It seems that apart from the prolonged covid pandemic and coupled with Russia's intervention in Ukraine, it has greatly impacted the current economic crisis that has hit many countries and triggered high interest rates. Of course this is what causes bitcoin to experience a prolonged correction. so while peace between Russia and Ukraine would obviously not make a very big impact, the situation has become difficult as a result of all that impacts.

bitcoin will start to improve is expected to occur when entering the halving period and it could be what you say that bitcoin can reach $100K will happen. but after the halving period the movement of bitcoin will continue to improve and there may be a renewable ATH in 2025. although time is still very long, of course it will always be wise to continue to be able to take this opportunity to make purchases for investment.

[buwaytress]

I think 100,000 for the next cycle, and going over that price is a reasonable and conservative bet. For the cycle after that, I am not sure, as it will depend, among other things, on what the maximum of the next cycle will be. If the maximum is 120,000, I don't think we will reach 200,000 in the next cycle. The price will probably be close enough without breaking it.

I am not sure what will be the price of bitcoin at the end of the next bull market but if you say that the price will be between 100,000 to 120,000$ then that will be only 2x of bitcoin all time high. Remember that bitcoin went to approx. 69,000$ in the previous bull season.

I hope that bitcoin reaches new all time highs in the next bull run exceeding our expectations. 
[/quote]

1300: 20000 was 15x of previous ATH
20000 to 69k was 3.5x of previous ATH

So, yes, "only 2x" does seem to be keeping in the pattern of reducing multiples of ATH. I'd love for it to increase to break this pattern but I'd also love to win the lottery.

[uneng]

It will be like other halving: because less Bitcoins are being generated, its value will increase.

However, I do not know if the value will increase as much as in the past since we will probably in a cycle of rising interest rates.

Technically, Bitcoin's price should increase with every block reward halving. But if the global economy is in a recession, you cannot expect things to get better anytime soon. I don't think central banks will keep rising interest rates forever, especially when currencies aren't meant to be deflationary. This is only a temporary measure to help control inflation as a result of the COVID-19 pandemic and the Russia-Ukraine war. After this is over, we can expect Bitcoin to reach a new All-time-high in price.

If you're smart enough, you'd buy as much Bitcoin as you can while the market is bearish. By taking advantage of this opportunity, you will increase your chance of becoming a wealthy person within the not-so-distant future. Who knows what 2024 holds for Bitcoin and other cryptocurrencies on the market? Just my opinion

I agree with your statement. One of the key points of next bitcoin halving is going to be the decay of fiat currencies, since the high interest rates being paid right now over those currencies is going to have a negative impact on the value and purchasing power of fiat in some years. It must coincide with bitcoin halving in 2024, leading more investors to buy bitcoins, launching a boosted bull run which must put btc price in an inedit position by 2025.

I expect at least 100,000$ ATH, but this time I'm not going to wait btc hit round numbers... A stagnant 99,000$ would be already a strong signal the roof has been touched.

[Blawpaw]

                         


                                               What is the Bitcoin Halving (Halvening)?
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the number of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half.

In 2012, the number of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block.

In the upcoming 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC.

                                               Bitcoin Halving Dates History
      
         2012 Halving
The 2012 block halving was the first halving and happened on November 28th, 2012. The halving block was mined by SlushPool by someone using a Radeon HD 5800 miner.

New BTC Per Block Before: 50 BTC per block
New BTC Per Block After: 25 BTC per block
Price on Halving Day: $12.35
Price 150 Days Later: $127.00

       2016 Halving
The second halving occurred on July 9th, 2016.

New BTC Per Block Before: 25 BTC per block
New BTC Per Block After: 12.5 BTC per block
Price on Halving Day: $650.63
Price 150 Days Later: $758.81

     2020 Halving
The third halving occurred on May 11, 2020.

New BTC Per Block Before: 12.5 BTC per block
New BTC Per Block After: 6.25 BTC per block
Price on Halving Day: $8821.42
Price 150 Days Later: $10,943.00

     Current Bitcoin Block Subsidy
The current Bitcoin block subsidy is 6.25 bitcoins per block. When block 840,000 is hit in 2024, the subsidy will drop to 3.125 bitcoins (BTC) per block.


Source

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.

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.......

So far the behavior of bitcoin price has been pretty comparable to right after the halving in every halving. IMO the predictions are pretty much the same. The precentage of price increase will keep around the 10 to 15% after the halving, but we never know. We may see like a huge price increase before the halving as we may see it going down due to the increasing regulation pressure.

[Webetcoins]

like the other said the bitcoin price touch new ath and that the time to sell some of bitcoin enjoy profit after crypto winter and this maybe is gonna be huge ATH since the economic maybe already going to full recovery

Everyone knows about the current ‍situation of Bitcoin. We cannot yet say that Bitcoin is in a good position. If the premonitions of an economic downturn are reversed, Bitcoin will take a turn for the worse. But there is no doubt that Bitcoin will be bullish again. Next year 2024 we may get the year of Bitcoin again.

People should be grateful including on what we have here in btc because as we can see the price is holding tight and this is better than when the price keeps on falling down. The premonition about economic downturn are no more premonition because it already came true and currently we are still at it. If ever that didn't happened btc won't have a price like this but we will be seeing a price which are over $30k. 2024 is a year of halving or we can say a year of btc.

I expect that the price will rise before it because people will be more excited so they will buy more coins just like the eth merge event but I think btc price increase can continue even after the halving event.

[Ultegra134]

It will be like other halving: because less Bitcoins are being generated, its value will increase.

However, I do not know if the value will increase as much as in the past since we will probably in a cycle of rising interest rates.

Technically, Bitcoin's price should increase with every block reward halving. But if the global economy is in a recession, you cannot expect things to get better anytime soon. I don't think central banks will keep rising interest rates forever, especially when currencies aren't meant to be deflationary. This is only a temporary measure to help control inflation as a result of the COVID-19 pandemic and the Russia-Ukraine war. After this is over, we can expect Bitcoin to reach a new All-time-high in price.

If you're smart enough, you'd buy as much Bitcoin as you can while the market is bearish. By taking advantage of this opportunity, you will increase your chance of becoming a wealthy person within the not-so-distant future. Who knows what 2024 holds for Bitcoin and other cryptocurrencies on the market? Just my opinion

This is also something to take into account, and I've been expressing myself too. If the economy is in the current or worse state of recession, don't expect the halving to rapidly change the market. We are, however, supposing or at least hoping that things will have improved by then. In my opinion, the economy will be in a better state than the current one, but still won't be at pre-Covid-19 levels, which means that Bitcoin might not have skyrocketed by then, but one thing is almost certain, that Bitcoin will be worth a lot more than it is now.

Will it surpass the previous all-time-high? From my point of view, if it hasn't, it will be quite close to it.

[Abiky]

This is also something to take into account, and I've been expressing myself too. If the economy is in the current or worse state of recession, don't expect the halving to rapidly change the market. We are, however, supposing or at least hoping that things will have improved by then. In my opinion, the economy will be in a better state than the current one, but still won't be at pre-Covid-19 levels, which means that Bitcoin might not have skyrocketed by then, but one thing is almost certain, that Bitcoin will be worth a lot more than it is now.

Will it surpass the previous all-time-high? From my point of view, if it hasn't, it will be quite close to it.

Whatever happens, you can rest assured Bitcoin won't be going anywhere soon. I think 2024 will make Bitcoin bigger and stronger than ever, as more miners join the Blockchain for profit. After all, there will be less Bitcoins generated per block. Price-wise, Bitcoin should be able to reach a new ATH shortly thereafter if the global economy fully recovers. Even if the economy worsens, Bitcoin will be much more valuable than what it is right now (although it won't reach a new ATH in price) because of the rules of supply and demand. Kudos to Satoshi for making the best money the world has ever seen. Who knows if someday Bitcoin beats Gold as a long-term store of value? Just my thoughts