2024 Bitcoin Halving - What are Your Expectations!!!

[Bitstar_coin]

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.

The problem is some people often jump to conclusions too quickly mostly to negative news, all they see is the worst happening, the world is crumbling.
During the Collapse of Mt. Gox btc was not this popular with so much support from different parts of the world, yet btc was able to fight back and break ath several times.
I think btc has already proven time and again that nothing can bring it down, not the collapse of any cex exchange. I hope people can see that and stop doubting the ability of this great tech to go back up.    

[Baofeng]

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.

The problem is some people often jump to conclusions too quickly mostly to negative news, all they see is the worst happening, the world is crumbling.
During the Collapse of Mt. Gox btc was not this popular with so much support from different parts of the world, yet btc was able to fight back and break ath several times.
I think btc has already proven time and again that nothing can bring it down, not the collapse of any cex exchange. I hope people can see that and stop doubting the ability of this great tech to go back up.    

Different eras so different set of reactions, although I would say that by that time, Mt. Gox is the only top tier exchange and so when it collapses it has a big impact that we can still felt up to this year. Of course, bitcoin is too big too fall, and we also have to think that it was FTX that put a dent on the market, not like a straight negative news to Bitcoin. But since the timing is wrong as it has happen in the bear market, the effect was magnify X times causing the investors to push the sell button to bring the price to another lower low for this year. And it might take some time, before we can fully heal to the effect of FTX, maybe the halving will bring some closure as it is a catalyst for the next bull run.

[Abiky]

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.

Noobs are usually the ones who think Bitcoin is dead after the collapse of a major crypto exchange. But crypto veterans like myself know there's a lot more to Bitcoin than meets the eye. It's a revolution that's bound to challenge Fiat's existence in the mainstream world. With Bitcoin, people get to enjoy true financial freedom without the fear of censorship from the government. It's value comes from being a decentralized and censorship-resistant cryptocurrency no one can shut down no matter what. Not to mention, it has a finite supply of only 21m coins.

I'm confident Bitcoin will be much more valuable in the future. It's just experiencing some "hiccups", just as it's the case with any new technology that comes in the mainstream world. Bad actors will eventually be "washed out", paving the way for good actors to take control of the industry. If the global economy recovers by 2024, there would be nothing stopping BTC from reaching a new ATH in price. The FTX collapse (just like the Mt. Gox collapse back in 2014) will only become history. Who knows if someday Bitcoin destroys Fiat for good? Just my thoughts

[stomachgrowls]

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.

Noobs are usually the ones who think Bitcoin is dead after the collapse of a major crypto exchange. But crypto veterans like myself know there's a lot more to Bitcoin than meets the eye. It's a revolution that's bound to challenge Fiat's existence in the mainstream world. With Bitcoin, people get to enjoy true financial freedom without the fear of censorship from the government. It's value comes from being a decentralized and censorship-resistant cryptocurrency no one can shut down no matter what. Not to mention, it has a finite supply of only 21m coins.

I'm confident Bitcoin will be much more valuable in the future. It's just experiencing some "hiccups", just as it's the case with any new technology that comes in the mainstream world. Bad actors will eventually be "washed out", paving the way for good actors to take control of the industry. If the global economy recovers by 2024, there would be nothing stopping BTC from reaching a new ATH in price. The FTX collapse (just like the Mt. Gox collapse back in 2014) will only become history. Who knows if someday Bitcoin destroys Fiat for good? Just my thoughts

When you dont have knowledge or shall we say zero knowledge into something then you would really be normally that impulsive and be that highly reactive on whatever things do happen.
You do easily get fomo'ed when its rising and easily get panicked when it is declining or dumping. Saying its dead is always been a common line into those who hadnt encountered or
experience this market. Halving event is really that something where everybody was expecting for the market to have a change trend.Well, i cant blame them off consdering
that we do able to experience bull runs after those halvings which it cant be avoided not for you to think for these things to happen once again.

[Bitstar_coin]

~ I'm confident Bitcoin will be much more valuable in the future. It's just experiencing some "hiccups", just as it's the case with any new technology that comes in the mainstream world. Bad actors will eventually be "washed out", paving the way for good actors to take control of the industry. If the global economy recovers by 2024, there would be nothing stopping BTC from reaching a new ATH in price. The FTX collapse (just like the Mt. Gox collapse back in 2014) will only become history. Who knows if someday Bitcoin destroys Fiat for good? Just my thoughts

I guess most btc OG's have the same confidence about the future value, at some point the nooks with less confident will be flushed out or learn to understand the power of btc and eventually find their confidence.
Bear market has a way of shaking people especially the noobs but for those who have the nerves to stick around will get use to the turbulence 

[nullama]

~snip~
I guess most btc OG's have the same confidence about the future value, at some point the nooks with less confident will be flushed out or learn to understand the power of btc and eventually find their confidence.
Bear market has a way of shaking people especially the noobs but for those who have the nerves to stick around will get use to the turbulence 

If you read Bitcoin history you can see that everything that's happening now has already happened before.

Exchanges going out of business, people losing their money, mainstream media talking negatively about Bitcoin, etc.

Bitcoin price fluctuation in the short term based on multiple factors, but with a steady long term increase.

The fact that Bitcoin is still alive and well after more than a decade means that it's here to stay now.

Price will continue to oscillate as it usually does.

[Abiky]

If you read Bitcoin history you can see that everything that's happening now has already happened before.

Exchanges going out of business, people losing their money, mainstream media talking negatively about Bitcoin, etc.

Bitcoin price fluctuation in the short term based on multiple factors, but with a steady long term increase.

The fact that Bitcoin is still alive and well after more than a decade means that it's here to stay now.

Price will continue to oscillate as it usually does.

Exactly. If you've been into Bitcoin for quite some time, you'll notice its price can either go up or down in an instant. It's like a rollercoaster ride if you ask me. Noobs usually believe Bitcoin is meant to always go up, simply because they think it's a means to get rich quick. But that's not the way it works. Right now, there's a lot of negativism surrounding crypto/Blockchain tech because of the Terra/LUNA implosion and the collapse of a big crypto exchange (FTX). This means lower market prices for Bitcoin during the short term. Long-term speaking, prices should rise as BTC becomes scarcer with every block reward halving (sort of). If the global economy restores by the time 2024 arrives, then there would be nothing stopping BTC from reaching a new ATH in price.

As I've said many times before, no one can predict the future. Just play it safe by never putting all of your life savings into Bitcoin, and you'll have nothing to worry about. Just my thoughts

[Xxmodded]

Have positive usual habit when Bitcoin Halving time coming and this edition on 2024, actually have bigger expected for Bitcoin can make another all time high price after drop drastically almost 50% from highest price above $60,000 and right now Bitcoin drop drastically under $$17,000.
About one years later for 2024 Bitcoin halving and I hope give positive impact for all cryptocurrency price, actually with several altcoin in my wallet still hold and waiting until reach highest price.

But bad news like exchange collapse not happen yet for one year later until halving time coming, I don't think have positive impact with Bitcoin halving on 2024 if there many exchange collapse like FTX.

[Ryu_Ar1]

This is the first time I will face Halving and actually I didn't expect too much, I just wanted to see ATH and feel the new ATH for the umpteenth time after I was involved in Crypto from 2020

On the other hand, I read some wild news about bitcoin halving, where each halving always has its own problems, because before the halving there are always victims who have to be eroded, like when the first halving was Mt.Gox which had to be destroyed, the second halving was bitfinex. and now ahead of the Halving there is another Exchange market that is destroyed of course referring to FTX which at this time can be said to be a clown in Crypto.

My hope is that after FTX is finished, the market will return to a stable point and of course recovery will return to its previous circulation

[Betwrong]

~

The problem is some people often jump to conclusions too quickly mostly to negative news, all they see is the worst happening, the world is crumbling.
During the Collapse of Mt. Gox btc was not this popular with so much support from different parts of the world, yet btc was able to fight back and break ath several times.
I think btc has already proven time and again that nothing can bring it down, not the collapse of any cex exchange. I hope people can see that and stop doubting the ability of this great tech to go back up.    

I agree. Just want to add that since we are talking about our expectations regarding the price of BTC, I want to say that I personally don't like when some Bitcoin supporters say "1 Bitcoin = 1 Bitcoin". Not that it's not true, but you can say the same about Zimbabwean dollar, or any other trash currency, you can say the same about any sh*tcoin, right?

If something worthy has a limited all-time supply, the price of that thing will be rising in the future. It will never be a smooth ride up, the road will be bumpy, but overall it can go only one way.

[Abiky]

I agree. Just want to add that since we are talking about our expectations regarding the price of BTC, I want to say that I personally don't like when some Bitcoin supporters say "1 Bitcoin = 1 Bitcoin". Not that it's not true, but you can say the same about Zimbabwean dollar, or any other trash currency, you can say the same about any sh*tcoin, right?

If something worthy has a limited all-time supply, the price of that thing will be rising in the future. It will never be a smooth ride up, the road will be bumpy, but overall it can go only one way.

Bitcoin was designed to be a deflationary cryptocurrency, so technically speaking, it should go up in price over time. But that doesn't mean there will be setbacks along the way. There will be times where prices will go all the way down the drain due to unfortunate events in the mainstream world. That's the right moment to invest into Bitcoin before everything goes back up again. If you're smart, you'd buy and "hodl" until the tide is over. Weak hands (especially newbies) will ultimately sell their Bitcoin because they truly don't know how the crypto market works. At least, we know Bitcoin won't be going anywhere soon. Who knows if 10-20 years into the future, Bitcoin reaches $1m per coin? Just my thoughts

[DU18]

I agree. Just want to add that since we are talking about our expectations regarding the price of BTC, I want to say that I personally don't like when some Bitcoin supporters say "1 Bitcoin = 1 Bitcoin". Not that it's not true, but you can say the same about Zimbabwean dollar, or any other trash currency, you can say the same about any sh*tcoin, right?

The term "1 bitcoin = 1 bitcoin" remains only for bitcoin but is not worthy of saying the same thing for any other currency, the term above is not without reason because bitcoin has proven the direction of good movement based on the chart from the beginning of Bitcoin history. The holder often states the above term to motivate when the market is in the worst conditions and they are not panic because it believes when the Bullish market will change everything.

[Betwrong]

I agree. Just want to add that since we are talking about our expectations regarding the price of BTC, I want to say that I personally don't like when some Bitcoin supporters say "1 Bitcoin = 1 Bitcoin". Not that it's not true, but you can say the same about Zimbabwean dollar, or any other trash currency, you can say the same about any sh*tcoin, right?

If something worthy has a limited all-time supply, the price of that thing will be rising in the future. It will never be a smooth ride up, the road will be bumpy, but overall it can go only one way.

Bitcoin was designed to be a deflationary cryptocurrency, so technically speaking, it should go up in price over time. But that doesn't mean there will be setbacks along the way. There will be times where prices will go all the way down the drain due to unfortunate events in the mainstream world. That's the right moment to invest into Bitcoin before everything goes back up again. If you're smart, you'd buy and "hodl" until the tide is over. Weak hands (especially newbies) will ultimately sell their Bitcoin because they truly don't know how the crypto market works. At least, we know Bitcoin won't be going anywhere soon. Who knows if 10-20 years into the future, Bitcoin reaches $1m per coin? Just my thoughts

Totally agree with that. The times you are talking about is what we are living in now. I won't lie, I personally don't buy BTC these days, because my country is in a very harsh situation right now, no one can afford investing in other things than those of prime necessity. But it's obvious that BTC will reach a new ATH in a year or two, and people who buy it today will have a good return on their investment.

[Abiky]

Totally agree with that. The times you are talking about is what we are living in now. I won't lie, I personally don't buy BTC these days, because my country is in a very harsh situation right now, no one can afford investing in other things than those of prime necessity. But it's obvious that BTC will reach a new ATH in a year or two, and people who buy it today will have a good return on their investment.

Bitcoin WILL reach a new All-time-high in price. The question is not IF, but rather WHEN it will rise in price again. Many are hoping BTC to go bullish after the halving of 2024, but there's no guarantee this will happen. Everything will depend on the situation of the global economy, for Bitcoin to go up in price. A lot of negative stuff happened during the course of 2022, so I believe it's going to take a little while before we're able to fill our pockets with money.

At least, Bitcoin won't be going anywhere soon. That's thanks to the way it was designed. As long as it doesn't turn centralized, we should have nothing to worry about. Just my opinion

[Dubaian]

We all know that the Bitcoin market never stops. But as we have seen for a long time, the Bitcoin market is always changing. It has been observed that if the Bitcoin market is at maximum pump for a few months, then the Bitcoin market decreases again. Just looking at the 2021 market shows how much Bitcoin was pumping. But currently in 2022 Bitcoin market has crashed a lot. But of course Bitcoin will increase again in the future but that will be in 2024. Bitcoin market analysis shows that the maximum change will occur in 2024 and the price of Bitcoin is likely to exceed $100k.

[Crypto-Ivan]

Bitcoin investors will definitely look forward to an increase in the price of Bitcoin during the halving and a bull run to come. The demand for bitcoin should also increase, btc will be more popular around the world and it will be more valuable in the future.

[RahbabaKahn]

Every single bitcoin transaction that takes place has to be permanently committed to the Bitcoin blockchain ledger through a process called “mining.” Bitcoin  miners compete using specialized computer equipment known as application-specific integrated circuit (ASIC) chips to unlock the next block in the chain.  In these years running up to the next bitcoin halving event in 2024, the bitcoin miners will need to develop faster, cheaper, more energy efficient ASICS.  Otherwise, the incentive to keep mining bitcoins will disappear.  When something costs more to make than the rewards for making that thing, then there becomes no business reason to continue.  Remember, all the current bitcoin transactions need to be proofed by these miners.  Therefore, the degree of difficulty for hashing and proving the legitimacy of each old block become greater and greater.  My prediction is that the price of a bitcoin will drop to a low enough level such that miners quit mining.  Then a level of bitcoin transaction saturation will occur such that it will become too slow to even use a bitcoin for any financial transactions.  When that happens, cryptocurrency transactions will migrate to other altcoin blockchain networks that are faster, cheaper, and more efficient than the Bitcoin network.  In other words - bitcoins will become dinosaurs.

You heard it first hear folks.  Remember this day - December 28, 2022

[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.......

Im expecting to see pretty much the same as in the previous halving. We wont be seeing an immediate big price surge but the price should start to swing right before the halving. It should only gain upwards momemtum a few months later.

[klidex]

                         


                                               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.......

My hope regarding bitcoin HALVING is the return to the heyday of bitcoin where it can reach ATH prices more than the previous ATH.
That way I believe that more people will believe that bitcoin is indeed worthy as a long-term investment asset and will increase its adoption.
If this really happens, then the crypto market will become more known and stable and the prices of other altcoins will also start to rise alternately following the bitcoin price itself and can help the economy of people who use crypto as their income, because I'm sure many people who rely on crypto as a field of work.
I hope this is what I hope will happen one day.

[nullama]

Every single bitcoin transaction that takes place has to be permanently committed to the Bitcoin blockchain ledger through a process called “mining.” Bitcoin  miners compete using specialized computer equipment known as application-specific integrated circuit (ASIC) chips to unlock the next block in the chain.  In these years running up to the next bitcoin halving event in 2024, the bitcoin miners will need to develop faster, cheaper, more energy efficient ASICS.  Otherwise, the incentive to keep mining bitcoins will disappear.  When something costs more to make than the rewards for making that thing, then there becomes no business reason to continue.  Remember, all the current bitcoin transactions need to be proofed by these miners.  Therefore, the degree of difficulty for hashing and proving the legitimacy of each old block become greater and greater.  My prediction is that the price of a bitcoin will drop to a low enough level such that miners quit mining.  Then a level of bitcoin transaction saturation will occur such that it will become too slow to even use a bitcoin for any financial transactions.  When that happens, cryptocurrency transactions will migrate to other altcoin blockchain networks that are faster, cheaper, and more efficient than the Bitcoin network.  In other words - bitcoins will become dinosaurs.

You heard it first hear folks.  Remember this day - December 28, 2022

The time to mine a new block is on average 10 minutes, independent of the number or speed of the miners, the difficulty gets updated roughly every 2 weeks to keep the time between two blocks roughly at 10 minutes.

So there's no such thing as the network becoming too slow.

Also, there's lightning which runs on top of Bitcoin and makes transactions almost immediate.