2024 Bitcoin Halving - What are Your Expectations!!!

[Betwrong]

~
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.

That's right. Let's be realistic. Let's not expect $1,000,000 for 1 BTC during the next ATH. It is very likely that the price will be even less than 2 times of the previous ATH, something around $120,000, which many people predict btw. And in several years after that, the next ATH will probably be only 1.5x, meaning that BTC will cost around $180k, the next ATH - 1.3x, and so on. I personally think that we are following this pattern.

[Luzin]

I'm also worried about this state of affairs, and this local forum is also being talked about. But my expectations are greater than mine, so let's make those expectations happen. Even though we are only a small fish but if we have a large number then we will become whales.
As an investor, of course, we must understand this risk. We only need to set up a backup step in case of bad odds. Besides I'm sure if a recession happened it wouldn't be too long. Bitcoin as a digital asset has proven its strength. So I believe Bitcoin will still reach a new price.

[Ultegra134]

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

I don't think the economy will be in a much worse state than it is right now. We're quite close to hitting rock bottom. How much worse can it get in just a few years? Even if it's in the exact same situation, Bitcoin after the halving will certainly be worth more than it's worth right now for the reasons you previously explained.

Therefore, I don't find any particular reason to sell my Bitcoin before the halving occurs, unless I'm in dire need of money. I'm patient enough to hold for as long as possible.

[Furious 7]

~snip~

Everyone is waiting for $100k in the next cycle and this has been predicted by many. If we look at the history of the bitcoin halving, of course new ATH continues to be achieved and the price exceeds the price we predicted. as you said if BTC can reach $120k max. 2024 being the most awaited halving, new investors will certainly start to enter and enliven the bitcoin market. Many good wishes for the 2024 halving.

This is really a real hope apart from now the price is not too beautiful to look at but the hope is still there and all you have to do now is just keep waiting and waiting while buying little by little with money that is not too used for daily needs -our day because indeed it could be a good option.

I'm just going to keep bracing myself that the $100k is bound to happen sooner or later.

[Abiky]

I don't think the economy will be in a much worse state than it is right now. We're quite close to hitting rock bottom. How much worse can it get in just a few years? Even if it's in the exact same situation, Bitcoin after the halving will certainly be worth more than it's worth right now for the reasons you previously explained.

Therefore, I don't find any particular reason to sell my Bitcoin before the halving occurs, unless I'm in dire need of money. I'm patient enough to hold for as long as possible.

Yes. But what if China decides to invade Taiwan in the middle of the Russo-Ukraine crisis? Then the global economy would be in a much worse state than what it is right now. If that happens, Bitcoin will dive deeper in price, making the dreams of reaching $100k per coin a distant one. By the time Bitcoin's block reward is cut in half (2024), it's likely market prices will soar but not to a point where BTC gets past its latest ATH in price. That is if the global economy worsens or remains the same as it is right now. If things improve by 2024, then Bitcoin will rise faster than you could've ever imagined. The future holds many surprises, so we can only hope for the best. Just my thoughts

[Minecache]

~
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.

That's right. Let's be realistic. Let's not expect $1,000,000 for 1 BTC during the next ATH. It is very likely that the price will be even less than 2 times of the previous ATH, something around $120,000, which many people predict btw. And in several years after that, the next ATH will probably be only 1.5x, meaning that BTC will cost around $180k, the next ATH - 1.3x, and so on. I personally think that we are following this pattern.

This is understandable, the market is getting bigger and the bitcoin capitalization is also bigger than previous years so we can't ask for too much. From $ 1 to $ 10 is simple but from $ 100 to $ 1000 the difference is a lot, the capitalization will increase a lot so can't expect the bitcoin price to be x5 or x10 as usual. To make predictions, we should look at market capitalizations rather than just looking at their prices to make our predictions. And this is also the reason that I think many new investors didn't choose bitcoin and they started to choose altcoins to get bigger profits.

[2stout]

It would seem reasonable to expect a new ATH 6 months after 2024 bitcoin halving event to be about $100K USD.  It just seems if you look at the previous patterns that there is an explosion of price/new ATH within a year of halving event.

[Abiky]

It would seem reasonable to expect a new ATH 6 months after 2024 bitcoin halving event to be about $100K USD.  It just seems if you look at the previous patterns that there is an explosion of price/new ATH within a year of halving event.

Yes. But sometimes things don't turn out the way we hoped for. There's the issue of Russia and the increasing number of new COVID-19 variants, greatly affecting the global economy. We can't expect Bitcoin to reach a new ATH in price, especially when the crypto market is moving in correlation with the stock market. People are mainly focused on rising food, gas, and energy prices. Those who have spare money to pour into Bitcoin, are usually whales and/or wealthy people. The rest are putting their money aside into things that matters most.

Unless the recession comes to an end, Bitcoin will have a hard time trying to break through $68k per coin. At least, we know BTC will experience a slight uptick in price shortly after the halving. It might not reach a new ATH in price, but at least it will be worth more than what it is right now. As long as you play your cards right, there should be nothing to worry about. Just my opinion

[2stout]

It would seem reasonable to expect a new ATH 6 months after 2024 bitcoin halving event to be about $100K USD.  It just seems if you look at the previous patterns that there is an explosion of price/new ATH within a year of halving event.

Yes. But sometimes things don't turn out the way we hoped for. There's the issue of Russia and the increasing number of new COVID-19 variants, greatly affecting the global economy. We can't expect Bitcoin to reach a new ATH in price, especially when the crypto market is moving in correlation with the stock market. People are mainly focused on rising food, gas, and energy prices. Those who have spare money to pour into Bitcoin, are usually whales and/or wealthy people. The rest are putting their money aside into things that matters most.

Unless the recession comes to an end, Bitcoin will have a hard time trying to break through $68k per coin. At least, we know BTC will experience a slight uptick in price shortly after the halving. It might not reach a new ATH in price, but at least it will be worth more than what it is right now. As long as you play your cards right, there should be nothing to worry about. Just my opinion

I hear you but I'm fine even if it doesn't happen in the timeframe I think I will.  I don't believe COVID-19 will have much of an effect on Bitcoin price since Bitcoin hit its ATH during the pandemic.  Also recessions happen all the time in a cyclic manner, every so many years.  Everything will go back up and Bitcoin will be a part of it; it's all about the long game.

[Luzin]

I'm just going to keep bracing myself that the $100k is bound to happen sooner or later.

The expectations of many BTC holders including me. Although there is a lot of concern because there is an issue that the world economy will experience a downturn. Many economists predict a recession. Because economic growth is below target. There are also those who say that this recession is a state of economic crisis that is bigger than it has ever been. But this situation I hope does not make BTC holders weak and sell all their assets.

[Marvell1]

It would seem reasonable to expect a new ATH 6 months after 2024 bitcoin halving event to be about $100K USD.  It just seems if you look at the previous patterns that there is an explosion of price/new ATH within a year of halving event.

Yes. But sometimes things don't turn out the way we hoped for. There's the issue of Russia and the increasing number of new COVID-19 variants, greatly affecting the global economy. We can't expect Bitcoin to reach a new ATH in price, especially when the crypto market is moving in correlation with the stock market. People are mainly focused on rising food, gas, and energy prices. Those who have spare money to pour into Bitcoin, are usually whales and/or wealthy people. The rest are putting their money aside into things that matters most.

Unless the recession comes to an end, Bitcoin will have a hard time trying to break through $68k per coin. At least, we know BTC will experience a slight uptick in price shortly after the halving. It might not reach a new ATH in price, but at least it will be worth more than what it is right now. As long as you play your cards right, there should be nothing to worry about. Just my opinion

The 4-year cycle may still repeat, but the current situation is much different than before, the macro impacts are directly affecting the market. For the crypto market, this has not happened before. Whether the stock market or the cryptocurrency market, it is very difficult to bounce back if the economy is still bad. The market depends on supply and demand, but in a crisis economy people focus on dealing with inflation and don't have much money to invest, once the demand is not there, that means there will be no catalyst to help the market go up. We still need the halving to be a catalyst for the market, but without demand, the market will hardly rise.

[2stout]

It would seem reasonable to expect a new ATH 6 months after 2024 bitcoin halving event to be about $100K USD.  It just seems if you look at the previous patterns that there is an explosion of price/new ATH within a year of halving event.

Yes. But sometimes things don't turn out the way we hoped for. There's the issue of Russia and the increasing number of new COVID-19 variants, greatly affecting the global economy. We can't expect Bitcoin to reach a new ATH in price, especially when the crypto market is moving in correlation with the stock market. People are mainly focused on rising food, gas, and energy prices. Those who have spare money to pour into Bitcoin, are usually whales and/or wealthy people. The rest are putting their money aside into things that matters most.

Unless the recession comes to an end, Bitcoin will have a hard time trying to break through $68k per coin. At least, we know BTC will experience a slight uptick in price shortly after the halving. It might not reach a new ATH in price, but at least it will be worth more than what it is right now. As long as you play your cards right, there should be nothing to worry about. Just my opinion

The 4-year cycle may still repeat, but the current situation is much different than before, the macro impacts are directly affecting the market. For the crypto market, this has not happened before. Whether the stock market or the cryptocurrency market, it is very difficult to bounce back if the economy is still bad. The market depends on supply and demand, but in a crisis economy people focus on dealing with inflation and don't have much money to invest, once the demand is not there, that means there will be no catalyst to help the market go up. We still need the halving to be a catalyst for the market, but without demand, the market will hardly rise.

The demand will be there as it is always increasing.  You say- For the crypto market, this has not happened before.  I'm not so sure about this, just refer back to 2008- the year before Bitcoin's release as a lot of the same impacts were around when Bitcoin was released.  Also, over the course of Bitcoin's history, it has always managed to bounce back.

[DanWalker]

It would seem reasonable to expect a new ATH 6 months after 2024 bitcoin halving event to be about $100K USD.  It just seems if you look at the previous patterns that there is an explosion of price/new ATH within a year of halving event.

Yes. But sometimes things don't turn out the way we hoped for. There's the issue of Russia and the increasing number of new COVID-19 variants, greatly affecting the global economy. We can't expect Bitcoin to reach a new ATH in price, especially when the crypto market is moving in correlation with the stock market. People are mainly focused on rising food, gas, and energy prices. Those who have spare money to pour into Bitcoin, are usually whales and/or wealthy people. The rest are putting their money aside into things that matters most.

Unless the recession comes to an end, Bitcoin will have a hard time trying to break through $68k per coin. At least, we know BTC will experience a slight uptick in price shortly after the halving. It might not reach a new ATH in price, but at least it will be worth more than what it is right now. As long as you play your cards right, there should be nothing to worry about. Just my opinion

I hear you but I'm fine even if it doesn't happen in the timeframe I think I will.  I don't believe COVID-19 will have much of an effect on Bitcoin price since Bitcoin hit its ATH during the pandemic.  Also recessions happen all the time in a cyclic manner, every so many years.  Everything will go back up and Bitcoin will be a part of it; it's all about the long game.

The current economic crisis is partly caused by the covid pandemic. The pandemic caused economic chaos, production lines were almost frozen, so, to balance the economy, governments continuously pumped money to maintain the economy during the pandemic. This is the main cause of this year's inflation, if no inflation war would still happen, that was to be expected during the pandemic.
It can be said that bitcoin hit ATH during the covid pandemic, but it is also the cause of this year's economic crisis and the crisis is aggravated when the war occurs. Crisis can't last forever, once it's over, everything will be back to normal and bitcoin will recover too.

[Betwrong]

~

This is understandable, the market is getting bigger and the bitcoin capitalization is also bigger than previous years so we can't ask for too much. From $ 1 to $ 10 is simple but from $ 100 to $ 1000 the difference is a lot, the capitalization will increase a lot so can't expect the bitcoin price to be x5 or x10 as usual. To make predictions, we should look at market capitalizations rather than just looking at their prices to make our predictions. And this is also the reason that I think many new investors didn't choose bitcoin and they started to choose altcoins to get bigger profits.

Only with altcoins those profits can be not more than imaginary ones. We know from the history of Bitcoin that every ATH was eventually surpassed. There were no exclusions to that rule. With altcoins it's different. Yes, some of them were always copying Bitcoin behaviour, to a lesser or higher extent, but many of them have been gone forever, leaving investors with nothing.

[nullama]

After the 2024 halving the block reward will be 3.125 BTC, which still is a reasonably larger number than the current transaction fees.

I reckon we still have about a decade or so of price changes based on the halvings. After that, transaction fees will start to become more important than the block reward so the halving effect in price will be less noticeable, and probably the price will become a bit more stable.

[mirakal]

~
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.

That's right. Let's be realistic. Let's not expect $1,000,000 for 1 BTC during the next ATH. It is very likely that the price will be even less than 2 times of the previous ATH, something around $120,000, which many people predict btw. And in several years after that, the next ATH will probably be only 1.5x, meaning that BTC will cost around $180k, the next ATH - 1.3x, and so on. I personally think that we are following this pattern.

I agree! Expecting a $1 Million per bitcoin is not likely and too unrealistic for the next bitcoin halving somewhere in 2022, remember that we haven't crossed the $100k mark yet as the last ATH was listed for $69k last November 2021 and the market declined weeks after the ATH. Let's expect a much realistic price so that we won't get disappointed because there are other factors to consider before we set some prices, we may see as twice as much from the last ATH for the next halving, no more than $180k.

[boyptc]

I agree! Expecting a $1 Million per bitcoin is not likely and too unrealistic for the next bitcoin halving somewhere in 2022, remember that we haven't crossed the $100k mark yet as the last ATH was listed for $69k last November 2021 and the market declined weeks after the ATH. Let's expect a much realistic price so that we won't get disappointed because there are other factors to consider before we set some prices, we may see as twice as much from the last ATH for the next halving, no more than $180k.

Next halving is in 2024, not 2022.

But thinking of $1M is unreal if we're on the current days. $1M is possible but we don't know how long it shall take since the market has been growing and more adoption is occurring.

Well, it could be quicker than expected just like the last bull run that no one has ever thought it will be huge and would surpass a past ATH.

[Quidat]

I agree! Expecting a $1 Million per bitcoin is not likely and too unrealistic for the next bitcoin halving somewhere in 2022, remember that we haven't crossed the $100k mark yet as the last ATH was listed for $69k last November 2021 and the market declined weeks after the ATH. Let's expect a much realistic price so that we won't get disappointed because there are other factors to consider before we set some prices, we may see as twice as much from the last ATH for the next halving, no more than $180k.

Next halving is in 2024, not 2022.

But thinking of $1M is unreal if we're on the current days. $1M is possible but we don't know how long it shall take since the market has been growing and more adoption is occurring.

Well, it could be quicker than expected just like the last bull run that no one has ever thought it will be huge and would surpass a past ATH.

Its totally unreal or people should rather be expecting on something which is on realistic side at least.Im not saying that Bitcoin doesnt have the potential but it would be rather on sticking on numbers

which turns out to be that near on the current ATH which $100k would be something realistic and talking on maximum of 200k but its true that no one really knows on when it would gonna happen

because on that value which does indicate that we do really need that adoption on higher scale or something that correlates with recognition which is something that cant happen
on a short period of time.

[lionheart78]

I expect Bitcoin price after the 2024 halving would surge to $100k+.  Taking the ratio of the previous ATH, I arrive at such speculation.  I believe the next ath will rarely double the current ATH because of the price-to-demand ratio.  It is would be harder for the recent ATH of Bitcoin to do the previous percentage increase because it needs way more fund.

Its totally unreal or people should rather be expecting on something which is on realistic side at least.Im not saying that Bitcoin doesnt have the potential but it would be rather on sticking on numbers

which turns out to be that near on the current ATH which $100k would be something realistic and talking on maximum of 200k but its true that no one really knows on when it would gonna happen

because on that value which does indicate that we do really need that adoption on higher scale or something that correlates with recognition which is something that cant happen
on a short period of time.

I have the same thought, it is more realistic for BTC to reach $100k plus than $200k but then we all know that the Bitcoin market is unpredictable so anything goes, downtrend is also a possibility even though it has a slim chance.

[Baofeng]

I agree! Expecting a $1 Million per bitcoin is not likely and too unrealistic for the next bitcoin halving somewhere in 2022, remember that we haven't crossed the $100k mark yet as the last ATH was listed for $69k last November 2021 and the market declined weeks after the ATH. Let's expect a much realistic price so that we won't get disappointed because there are other factors to consider before we set some prices, we may see as twice as much from the last ATH for the next halving, no more than $180k.

Next halving is in 2024, not 2022.

But thinking of $1M is unreal if we're on the current days. $1M is possible but we don't know how long it shall take since the market has been growing and more adoption is occurring.

Well, it could be quicker than expected just like the last bull run that no one has ever thought it will be huge and would surpass a past ATH.

Its totally unreal or people should rather be expecting on something which is on realistic side at least.Im not saying that Bitcoin doesnt have the potential but it would be rather on sticking on numbers

which turns out to be that near on the current ATH which $100k would be something realistic and talking on maximum of 200k but its true that no one really knows on when it would gonna happen

because on that value which does indicate that we do really need that adoption on higher scale or something that correlates with recognition which is something that cant happen
on a short period of time.

Right, but I still vividly remember 2017's all time high, the conservative expectations is around $5k, there was even a thread about it. Nevertheless, we have seen what is the price in December that year and it's all time high.

On the other hand, there was also a prediction after that, we will hit $50k in 2018, obviously, it didn't happen as well.

So there could be a prediction that can be a hit or miss. So same thing will happen in the next bull run in 2024, others could give estimates of about $100k and there could be expounded it as high as $300k. Nobody knows for sure.