2024 Bitcoin Halving - What are Your Expectations!!!

[Rengga Jati]

After Bitcoin halved, the most thing to expect is always the new ATH. although this will not be directly skyrocketing, Bitcoin price will commonly pump up after several months of halving. And I am sure that everyone will expect the new ATH after halving. In addition, commonly, Bitcoin will be always hyped again in the bullish era, I really expect that many more people will know about Bitcoin, accept it, and also use them for more benefits.

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.

That's it.
We expected Bitcoin price to reach $100k in the previous bullish era, but this didn't happen. That is why this expectation may be filled in the next bullish after the Bitcoin halves. There must be not easy to reach the price or rate because we know that many parties still don't like Bitcoin and will always spread FUDs about Bitcoin. But here, I am pretty sure that society is more aware again of crypto and will accept more about it. That is why let's wait Bitcoin to reach exactly $100k or more.

[noormcs5]

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.

By that time, bitcoin adoption will increase and in any case, the price of bitcoin will be more stable regardless of other factors like block reward or transaction fee significance.

I expect bitcoin to cross $100,000 and it should trade anywhere near 140,000$ - 150,000$. Last year bitcoin reached 60,000$+ while the all time high in 2017 was around 20,000$, so it was a 3x increase in price.

This time around i expect bitcoin to go 2x increase from its last all time high which makes the bitcoin price anywhere about 130,000$.

[Sarah Azhari]

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.

So, does this means the transaction fee is become halving too? If this happens, that possible for all predicted price become to true, 100k, 500k until 1 M.

But I still confusing when look how the Dollar rule the world, Dollar don't have limited supply, the government can anytime print the money, but I don't know why the Dollar is very strong to beat Euro and Pounds, this mean the total supply is not affected?.

[nullama]

~snip~
So, does this means the transaction fee is become halving too? If this happens, that possible for all predicted price become to true, 100k, 500k until 1 M.

But I still confusing when look how the Dollar rule the world, Dollar don't have limited supply, the government can anytime print the money, but I don't know why the Dollar is very strong to beat Euro and Pounds, this mean the total supply is not affected?.

Transaction fees are set by the sender. Higher fees get processed faster because miners get to choose which transactions to include in the block they mine, and they usually want to put the highest paying transactions to maximize rewards.

See block 761459 for example

The miner got paid the current block reward of 6.25BTC plus 0.232BTC in transaction fees. The more people using the network, the higher the fees will end up being to be included in the next block.

You can see that eventually the transaction fees will be larger than the block reward that keeps halving over time.

[Tony116]

... In addition, commonly, Bitcoin will be always hyped again in the bullish era, I really expect that many more people will know about Bitcoin, accept it, and also use them for more benefits.
 

This always happens after every bitcoin enters a new bull run, just looking at the history we can easily see. In 2021, many companies and countries have started to enter the market because the price of bitcoin caught their attention and they started to learn about bitcoin. Similarly, I also believe that when the bitcoin price rises again, people will pay more attention and interest in it, because the higher the bitcoin price, the safer it is.

But I still confusing when look how the Dollar rule the world, Dollar don't have limited supply, the government can anytime print the money, but I don't know why the Dollar is very strong to beat Euro and Pounds, this mean the total supply is not affected?.

The value of fiat currency is determined by the economic situation of each country, The US is the number 1 power in every field and they control the world so it is not surprising that the USD is higher than other currencies. they are like the banker and we are the players.

[boyptc]

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.

Sky is the limit but it will require a lot of years until we see that ceiling. But for now, I agree that we should be realistic with the numbers and $100k is realistic and many thought that last bull run may reach it.

$200k is going to be the speculated peak if ever we see bitcoin hits $100k.

But as of now, we're not yet there and will have to be more patient because this bear market might take a year and a half more.

[Abiky]

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.

I hope the recession comes to an end soon, or Bitcoin would never reach a new ATH in price again. We need to make sure Bitcoin decouples from the traditional stock market's movements, so it could become an independent asset of its own. You can see that BTC's been going down in price just like what's been happening with tech stocks today. Not to mention, the FED's rising interest rates (monetary policy) are putting heavy pressure on market prices. If only Bitcoin could become impervious to what's happening in the mainstream economy, then it would've become a better safe-haven in times of need.

Gold has been doing well, even though everything's been going down at a very fast pace. If that's the case with a centuries-old store of value, then why can't Bitcoin do the same? We're still in Bitcoin's very beginnings, so it's likely subsequent halvings will make Bitcoin a better safe-haven against traditional Fiat currencies. Just my opinion

[jinmioluwaseyi]

I see based on the above history which you made an 150 days approximate that it will go further up and that cannot be stopped in any way.However to make a better comparison it is this one I am going to make below:

Halve of 2012
Price of 1.5 year later end of 2013 1100 dollar from a really low one

Halve of 2016
Price 1.5 year later we had the massive first all time high in December 2017 at 20.000 dollars

Halve of 2020
Price 1.5 year later we had another the biggest all time high in October 2021 at near 68.000 dollars

Based on history now after that halve I expect a huge new all time high.

expecting a big all time high in 2024

[lepbagong]

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.

Sky is the limit but it will require a lot of years until we see that ceiling. But for now, I agree that we should be realistic with the numbers and $100k is realistic and many thought that last bull run may reach it.

$200k is going to be the speculated peak if ever we see bitcoin hits $100k.

But as of now, we're not yet there and will have to be more patient because this bear market might take a year and a half more.

Clearly, the bear market is still ongoing and will likely occur until 2023, when it will be expected to enter the phase of the world economic crisis.
so of course it is clear that the upcoming halving phase is a highly anticipated one, it is hoped that changes will occur at that time, of course it is estimated that the movement will start to improve.
I think it's realistic that the prediction in 2021 at a price of $100K will happen. looks like it will be achieved in the halving phase of course, hope that it will continue to move and can make a surprise to form a renewable ATH.
now is just a matter of waiting and could use a good time to keep adding to the savings.

[cryptosize]

I see based on the above history which you made an 150 days approximate that it will go further up and that cannot be stopped in any way.However to make a better comparison it is this one I am going to make below:

Halve of 2012
Price of 1.5 year later end of 2013 1100 dollar from a really low one

Halve of 2016
Price 1.5 year later we had the massive first all time high in December 2017 at 20.000 dollars

Halve of 2020
Price 1.5 year later we had another the biggest all time high in October 2021 at near 68.000 dollars

Based on history now after that halve I expect a huge new all time high.

expecting a big all time high in 2024

2025

[posi]

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.

I hope the recession comes to an end soon, or Bitcoin would never reach a new ATH in price again. We need to make sure Bitcoin decouples from the traditional stock market's movements, so it could become an independent asset of its own. You can see that BTC's been going down in price just like what's been happening with tech stocks today. Not to mention, the FED's rising interest rates (monetary policy) are putting heavy pressure on market prices. If only Bitcoin could become impervious to what's happening in the mainstream economy, then it would've become a better safe-haven in times of need.

Gold has been doing well, even though everything's been going down at a very fast pace. If that's the case with a centuries-old store of value, then why can't Bitcoin do the same? We're still in Bitcoin's very beginnings, so it's likely subsequent halvings will make Bitcoin a better safe-haven against traditional Fiat currencies. Just my opinion

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.

I'm not too worried about Bitcoin during this recession. To me, this recession is the test of bitcoin and if it passes it will prove to the world that it is a more reliable and worth holding asset than any traditional asset.
Bitcoin is doing very well during the recession and just need to continue to survive the long recession, when things recover, then bitcoin will have strong leaps forward, IMO.

[cryptosize]

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).

[serjent05]

We can expect to see a new ath after the halving. We see a rise after each halving.

If history repeats itself, there is no doubt Bitcoin will again have a series of ATH breaking event.

I think the next rise will not come before the halving. Since the block reward decreases after the halving, we can say that less bitcoin enters the circulation, which is a reason for the price of bitcoin to increase.

Traders and investors are getting excited before the halving, speculators will have lots of things in mind about Bitcoin reward, bitcoin scarcity, and Bitcoin surge, so they will be hyped and start adding fund to demand in order to buy or expand their Bitcoin stash.

After the halving, we are likely to see the psychological threshold of 100 thousand dollars. We will find out as time goes by, of course

Bitcoin had never failed to show us this kind of scenario.  After Halving, the Bitcoin market becomes crazy which enables Bitcoin to record a series of ATH breaking events.

[AmoreJaz]

We can expect to see a new ath after the halving. We see a rise after each halving.

If history repeats itself, there is no doubt Bitcoin will again have a series of ATH breaking event.

I think the next rise will not come before the halving. Since the block reward decreases after the halving, we can say that less bitcoin enters the circulation, which is a reason for the price of bitcoin to increase.

Traders and investors are getting excited before the halving, speculators will have lots of things in mind about Bitcoin reward, bitcoin scarcity, and Bitcoin surge, so they will be hyped and start adding fund to demand in order to buy or expand their Bitcoin stash.

After the halving, we are likely to see the psychological threshold of 100 thousand dollars. We will find out as time goes by, of course

Bitcoin had never failed to show us this kind of scenario.  After Halving, the Bitcoin market becomes crazy which enables Bitcoin to record a series of ATH breaking events.

this early, people are already speculating on what may happen to the market for the next halving. the interest is really there but how you will react on this will be different to everyone of us as we have different financial capabilities when it comes to investing. if you do believe that a new ath will happen and you have your funds that you can spare for long-term, you can now start collecting satoshis now. because the discussions will be useless if you will not do anything knowing there's something positive that is about to happen and you have your funds in place.

[Abiky]

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).

Exactly. Most bitcoiners have been waiting for the day when the world "ditches" the Fiat standard in favor of the Bitcoin standard. I must say, this is no easy task especially when governments and central banks don't want to lose their power. Despite ever-rising inflation rates, Fiat currencies are still the moving force of the global economy. People need to start distrusting banks and use Bitcoin as their main currency for day-to-day payments. Once that happens, you can say goodbye to centralized Fiat for good.

Early adopters like you and me would certainly become filthy rich as goods and services would be valued in Bitcoin terms (not Fiat). 1 Bitcoin = 1 Bitcoin, right? The halving is bound to make Bitcoin scarcer (sort of), so it's likely we'll see a higher-priced BTC during or after the year of 2024. Which is why buying more BTC now while it's "cheap", may be the best decision you could ever make. Just my thoughts

[userxzo]

i'm a student and have a savings plan for 25 dollars each week into bitcoin.
i'm struggling if it wouldn't be better to do this for another coin where i get more with this 100 dollar per month, or is it better to get .04 btc per month then anything else?
thanks for some advice

[cryptosize]

i'm a student and have a savings plan for 25 dollars each week into bitcoin.
i'm struggling if it wouldn't be better to do this for another coin where i get more with this 100 dollar per month, or is it better to get .04 btc per month then anything else?
thanks for some advice

Ignore alts, buy BTC.

[Betwrong]

~

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.

You meant to say 2024 instead of 2022, I'm sure.

As for the $180k it's not unrealistic. Looking at what happened last time, we can expect $200k+ in 2024. When? Plus-minus 5 months to May 1, 2024. But hardly much sooner than that, and definitely not later. No one wants to be late to buying coins cheap, so, in my opinion, the next ATH will happen before the next halving.

[nullama]

~snip~
You meant to say 2024 instead of 2022, I'm sure.

As for the $180k it's not unrealistic. Looking at what happened last time, we can expect $200k+ in 2024. When? Plus-minus 5 months to May 1, 2024. But hardly much sooner than that, and definitely not later. No one wants to be late to buying coins cheap, so, in my opinion, the next ATH will happen before the next halving.

Yeah, I think a few months before the next halving will be a time where lots of investors will want to buy Bitcoin, and therefore the price will inevitably go up.

Although there might well be other factors that we're ignoring at the moment which will be pretty obvious when they happen. We'll have to wait and see.

[Ahli38]

i'm a student and have a savings plan for 25 dollars each week into bitcoin.
i'm struggling if it wouldn't be better to do this for another coin where i get more with this 100 dollar per month, or is it better to get .04 btc per month then anything else?
thanks for some advice

It's a good step and I think you have a mature mind even though you are still a student. and your step to buy bitcoin gradually every week is a pretty good investment plan. and I hope you do for the long term. and in the long run I can't suggest buying another coin. because altcoins even though have good multiple potential but the risk is much higher. and you will feel more secure to invest in bitcoin.