2024 Bitcoin Halving - What are Your Expectations!!!

[userxzo]

Thanks for the reply.
Never was this happy since i started with crypto in 2020 then i am right now.
The market is blood red but i feel no fear cause i'm in BTC.
One of my friends is a SOL Maxi and tried to convince me, cause the margin on SOL and alts are much higher in short time
But i stayed with BTC and i'm so happy about it right now haha

[bakasabo]

Why do people always expect something extra ordinary from Bitcoin halving? Why do people always think that "bitcoin halving = bitcoin price growth" ? And finally, why do people always want Bitcoin price to go up? Why not use Bitcoin as a technology? Why do everyone expect and want Bitcoin to make them rich while they do nothing (holding does not mean a person work or do something much).

What I expect from next halving ? Nothing. Price would aim to grow, but due to factors like expensive electricity, world economy issues, bunch of other cataclysms or disasters, nothing will be changed much.

[redsun114]

Thanks for the reply.
Never was this happy since i started with crypto in 2020 then i am right now.
The market is blood red but i feel no fear cause i'm in BTC.
One of my friends is a SOL Maxi and tried to convince me, cause the margin on SOL and alts are much higher in short time
But i stayed with BTC and i'm so happy about it right now haha

You are happy about what? That btc value have been dumping lately? Lol but why not? When this is another great buying opportunity for us who support the coin. Solana on the other hand is likely to do well these days, now that they are now teaming up with google.

It can cause a hype other than the natural effects which can cause to them in this partnership. Sol users are enjoying this short term and long term gains but btc users are going to get more than that by the time the bull run returns so we shouldn't be jealous with them. We can in fact be happy for those who are solid solana supporters that didn't abandon the coin during it's hard times. They deserve this comeback.

[Abiky]

Why do people always expect something extra ordinary from Bitcoin halving? Why do people always think that "bitcoin halving = bitcoin price growth" ? And finally, why do people always want Bitcoin price to go up? Why not use Bitcoin as a technology? Why do everyone expect and want Bitcoin to make them rich while they do nothing (holding does not mean a person work or do something much).

What I expect from next halving ? Nothing. Price would aim to grow, but due to factors like expensive electricity, world economy issues, bunch of other cataclysms or disasters, nothing will be changed much.

Most people see Bitcoin as an investment tool than a currency. They believe it will always go up no matter what. While the halving promises to reduce Bitcoin's block reward (effectively making it scarcer), it's not a guarantee market prices will go higher than they were before. Everything will depend on the rules of supply and demand. If there's a lot of demand for BTC while the supply is low, prices will skyrocket at a very fast pace. Otherwise, not. With how the global economy is performing, it's very unlikely Bitcoin will reach a new ATH in price soon. Not even the halving will save it. What it could only do is make Bitcoin rise a little bit in price, but not to a point where it crosses its latest ATH of over $68k per coin. Only an end to the current economic crisis will make it happen.

At least, Bitcoin is still alive despite rising energy costs and geopolitical uncertainty. That shows us how resilient the cryptocurrency is compared to traditional Fiat. The latter is bound to collapse due to exorbitantly-high inflation rates. I don't think rising interest rates would be of any help, as the Russo-Ukraine war continues to disrupt the global supply chain. If Fiat collapses, then it would be a huge win for Bitcoin. Who knows if 2024 would turn out to be BTC's luckiest year yet? Just my thoughts

[Ahli38]

Thanks for the reply.
Never was this happy since i started with crypto in 2020 then i am right now.
The market is blood red but i feel no fear cause i'm in BTC.
One of my friends is a SOL Maxi and tried to convince me, cause the margin on SOL and alts are much higher in short time
But i stayed with BTC and i'm so happy about it right now haha

yeah i understand that feeling. investing in bitcoin does feel more calm. and you did the right thing for investing in bitcoin. Risk is always there. but not as big as in altcoins. And I also think or hope that the current decline in bitcoin could be the last decline in a bear market this time. although the potential for further decline still exists. but I'm sure after that will come a bigger bullrun market. and I hope a new ATH will be created. good luck with your investment.

[nuofushaxing]

Milliseconds, seconds, and even minutes can't be accurately calculated at the moment. Even in the last block (or last 2016 blocks), you can't know how much time it will take to finish. Regardless of whether 60 minutes or 60 seconds have passed, the average time to find the next block is 10 minutes.

My expectation is that the price will increase.

I'm also looking forward to his price going up a lot as I'm also preparing a start-up fund for my son as a gift for him. Similarly, Bitcoin is a trusted financial management tool for me. Regardless of whether it is halved or not, I will hold it for a long time because I have a belief that the decentralized financial order will eventually replace the centralized financial order. Although there are many disadvantages, there are also many risks. I will not participate in the investment in the secondary market, I am too tired and not suitable for my financial management.

[Valeriary]

Shouldn't it still be predicting what will happen when Bitcoin is fully mined? I guess many people don't care how many bitcoins there are these days. What everyone is looking at right now is its value. Maybe it's just the price of bitcoin. Perhaps this halving will boost the value of Bitcoin and attract more attention to cryptocurrencies.

[sukmo]

negative opinion about bitcoin will certainly accompany its journey, and we must be prepared to face it. But we don't need to be afraid of negative news because it doesn't necessarily happen.

I also expect that towards the halving, bitcoin price will be higher than the last ATH price and maybe more than $200K like you said. When it comes to halving, I believe each new half will have a lesser fundamental impact on the value of bitcoin.

The 4th halving will have negligible impact on value, nobody cares about the 5th halving because: The first halving reduced inflation from 25% to 12%, the second halving from 9% to 4.5% and the third from 3.8% to 1.9%. So each subsequent halving has a weaker fundamental effect on price. The fifth halving will lower inflation from 0.4% to 0.2%. No one will really care that day. It doesn't matter whether bitcoin inflation is 0.4% or 0.2%, both are close to zero compared to a CPI of 10%.

and how Bitcoin has gained a lot of users, adoption/acceptance will be much higher in the next period and up to the next halving. And as Bitcoin gets older, more and more people are attracted to and accept it as a profitable asset, so I think we're going to have a lot of new investors looking to profit from the expected price increase of about half.

[Betwrong]

Shouldn't it still be predicting what will happen when Bitcoin is fully mined? I guess many people don't care how many bitcoins there are these days. What everyone is looking at right now is its value. Maybe it's just the price of bitcoin. Perhaps this halving will boost the value of Bitcoin and attract more attention to cryptocurrencies.

Something like this was happening in the past, and will happen in the future. And we always were having skeptics. I read in the history of Bitcoin that when BTC hit $1 USD for the first time many people were saying that it would surely go down from there. "1 BTC can't cost more than 1 dollar! It's overpriced!", something like that. And we know what happened next.

[Newlifebtc]

I don't expect anything in Bitcoin or cryptocurrency generally because I know from time to time that you took only see I have it on adoption and the market of cryptocurrency is recognised through the investors for the expectation of Bitcoin should we come from the investor elder the valuable or not valuable

[nullama]

~snip~
Something like this was happening in the past, and will happen in the future. And we always were having skeptics. I read in the history of Bitcoin that when BTC hit $1 USD for the first time many people were saying that it would surely go down from there. "1 BTC can't cost more than 1 dollar! It's overpriced!", something like that. And we know what happened next.

Absolutely. There's some kind of psychological aspect to the price of things, and Bitcoin doesn't escape that.

There are some clear barriers at $1, $10, $100, $1,000, $10,000, and so on, plus also people have their goals in similar numbers, $100k, $1M, etc.

It's just human nature, but Bitcoin doesn't care. Tick, tock, another block.

[Adamlaria]

 
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.......

I didn't expect anything other than a price increase.
He will become more popular when the ratio hits a new high. The expectations you mentioned are all things that will happen after Bitcoin hits a new high.
If the price of Bitcoin is still going downhill after the halving, then these expectations are unlikely to exist.

[Yatsan]

 
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.......

I didn't expect anything other than a price increase.
He will become more popular when the ratio hits a new high. The expectations you mentioned are all things that will happen after Bitcoin hits a new high.
If the price of Bitcoin is still going downhill after the halving, then these expectations are unlikely to exist.

There are chances for price increase but also tendencies for the price increase to be temporary like in a short period of time alone. We have seen it in Ethereum 2.0 wherein the bullish run didn't last that long. The market is just unpredictable, unlike of previous Bitcoin halving wherein a bull run actually increase not only on major coins but almost all tokens in the market way back 2017 if I remeber it correclt (feel free to correct me).
Given the circumstances everyone is facing right now (even if it is an indirect problem to this industry) I guess it would be a factor for the next halving IF nothing would change. Even at the moment prices are having a hard time to pump, therefore it can still take effect next year. Hopefully it won't.

[Abiky]

Something like this was happening in the past, and will happen in the future. And we always were having skeptics. I read in the history of Bitcoin that when BTC hit $1 USD for the first time many people were saying that it would surely go down from there. "1 BTC can't cost more than 1 dollar! It's overpriced!", something like that. And we know what happened next.

Bitcoin has never disappointed its "hodlers", thanks to the way it was designed. Technically-speaking, Bitcoin should become much more valuable in Fiat terms with every block reward halving. The supply won't change, but the number of Bitcoins which can be mined will be reduced every 4 years. How far will Bitcoin go will greatly depend on the status of the global economy. If everything goes back to normal by the time the next halving comes up (2024), then you can expect BTC to reach a new All-time-high in price. Otherwise, not.

I'm in no hurry to see Bitcoin valued between $100k - $1m, as long as it works as intended. Utility is much more important than just market prices. For what I know, nothing is set in stone. Who knows what the future holds for Bitcoin? Just my thoughts

[Maximo Spohn]

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.

Part of this recession is because of COVID-19. Many factories and companies closed down and some people had to redeem the money in Bitcoin. When the global economy recovers, people will definitely come back with extra money. Looking at it now, the price of Bitcoin will definitely have a big increase after halving.

[Betwrong]

~ I'm in no hurry to see Bitcoin valued between $100k - $1m, as long as it works as intended. Utility is much more important than just market prices. For what I know, nothing is set in stone. Who knows what the future holds for Bitcoin? Just my thoughts

I think that the price is somehow related to utility because the more people want to use BTC, now or in the future, the higher the demand, while the total supply is limited, and hence the price is going up. But I am not a big expert in economy, so please correct me if I'm wrong.

[Casdinyard]

                         


                                               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.......

Halving has alwaya been good for bitcoin, more than the fact that it cuts the circulating supply. The hype we built around it, so much so that we are even setting up countdown timers to its arrival is already a testament of how apparent its impact is. I am assuming that the 2024 halving's gonna precede another bull run of sorts. Just like the previous ones, and with a bull run comes widespread adoption and involvement even from entities that you wouldn't expect to be into crypto.

[famososMuertos]

Let's say that one begins to enjoying the Halvings, it is always an expectation.

Continuing to be part of their entire environment is a gain for me, it can be read something corny, without a doubt, but it is so, at least not to go for the classic part of answers, each halving is nostalgia.

Oh! and that of course the positive price history continues to repeat itself.

[Abiky]

I am expecting as everyone that price to hit 100000 dollars a Bitcoin for sure. I am expecting some new adaptations with crypto through world. In 2024 I think crypto adoption will finally increase a lot, many people will start to use crypto in everday life. Possibly 3x more than today. I also expect some exchanges to fail through this time even if Bitcoin keeps going up. Fraud exchanges will definitely keep dying.

The industry is being cleaned from malicious actors as we speak. Slowly but surely, crypto will become a trustworthy place for investors and traders to "hangout". New things just need time to mature. By 2024, it's expected Bitcoin's price will increase as the number of coins earned per block will be cut in half. Just because there was a major collapse from the world's second-largest crypto exchange, doesn't mean it's the end of the world.

Of course, there's also the issue of the Russo-Ukraine war and the COVID-19 pandemic. But I believe crypto (especially Bitcoin) will emerge stronger than ever after the tide is over. The future holds many surprises, so we can only hope for the best. Just my opinion

[Betwrong]

I am expecting as everyone that price to hit 100000 dollars a Bitcoin for sure. I am expecting some new adaptations with crypto through world. In 2024 I think crypto adoption will finally increase a lot, many people will start to use crypto in everday life. Possibly 3x more than today. I also expect some exchanges to fail through this time even if Bitcoin keeps going up. Fraud exchanges will definitely keep dying.

The industry is being cleaned from malicious actors as we speak. Slowly but surely, crypto will become a trustworthy place for investors and traders to "hangout". New things just need time to mature. By 2024, it's expected Bitcoin's price will increase as the number of coins earned per block will be cut in half. Just because there was a major collapse from the world's second-largest crypto exchange, doesn't mean it's the end of the world.

Of course, there's also the issue of the Russo-Ukraine war and the COVID-19 pandemic. But I believe crypto (especially Bitcoin) will emerge stronger than ever after the tide is over. The future holds many surprises, so we can only hope for the best. Just my opinion

And yet for some reason many people see FTX's collapse as something similar to the world's end. Don't they know what happened to the first, to the number one Bitcoin exchange at the time, Mt. Gox? What was the price of BTC at the time of MtGox's collapse, and what was happening to the price during the following years? If they don't know, they can google about it, and all the info will lead them to conclusion that they have all the right to be optimistic about the times of the next Bitcoin Halving.