2024 Bitcoin Halving - What are Your Expectations!!!

[JustEmilyR]

      https://i.imgur.com/5a3M8DN.png                    


                                               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.


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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.......

Bitcoin managed to break through the USD 17,000 mark inevitably coming out of the recent price range and reaching a three-week high.

More information
⬇️⬇️⬇️
https://crypto-economy.com/bitcoin-btc-breaks-the-17k-barrier-and-aims-for-18k-in-the-short-term/

[nullama]

~snip~
I can't imagine how expensive Bitcoin will become after the block reward is reduced to less than 1 BTC. Market prices would probably be in the "millions" by then. People usually become excited after each halving event, since they're indicators of a substantial increase in market prices. If history repeats itself, then it's likely BTC will go to the moon by 2024 (when the next block reward halving will occur).

Of course, the global economy would need to recover before we can talk about BTC reaching a new ATH in price. Central banks won't keep raising interest rates forever, so I'm pretty confident things will look bright next year. Who knows if BTC manages to beat Fiat for good? Just my thoughts

Well, the 2024 halving combined with the fact that central banks will be allowed to have up to 2% of Bitcoin in their reserves from 2025 paints a pretty good picture to the next couple of years of Bitcoin adoption.

I think the price of one Bitcoin will pass the $100k mark in the next 2 years based on those two events alone.

[Popkon6]

~snip~
I can't imagine how expensive Bitcoin will become after the block reward is reduced to less than 1 BTC. Market prices would probably be in the "millions" by then. People usually become excited after each halving event, since they're indicators of a substantial increase in market prices. If history repeats itself, then it's likely BTC will go to the moon by 2024 (when the next block reward halving will occur).

Of course, the global economy would need to recover before we can talk about BTC reaching a new ATH in price. Central banks won't keep raising interest rates forever, so I'm pretty confident things will look bright next year. Who knows if BTC manages to beat Fiat for good? Just my thoughts

Well, the 2024 halving combined with the fact that central banks will be allowed to have up to 2% of Bitcoin in their reserves from 2025 paints a pretty good picture to the next couple of years of Bitcoin adoption.

I think the price of one Bitcoin will pass the $100k mark in the next 2 years based on those two events alone.

According to Bitcoin halving, 2024 has been fixed by many experts.  Banks in many countries will issue bitcoins in 2025.  Accordingly, we have to wait two years.

Currently in January 2023, Bitcoin is showing signs of a slight improvement.  Investing in Bitcoin in this position is sure to bring success.  Because Bitcoin, which is now at a low level, will surely come in good time.

[eddie.gouws]

The 6 digits may be there ok. But if we are treating bitcoin as a chance to just get rich what is the point of it all? Due to bitcoins nature 6 digits are possible but not if we buy and sell simply to buy and sell we should use bitcoin as we do dollars and Euros if we treating it as a market then at some time will collapse.

[kro55]

my hope is that it will exceed the previous years in 2017/2021, and even in the coming 2024 bitcoin will be even more valuable throughout the world..

I believe that if history repeats itself, bitcoin will bounce back after the halving, and then we will have a new all-time high almost guaranteed. As everyone else, I too am expecting bitcoin to reach $100k for the next halving, and I also expect that bitcoin adoption will become more common at a national level. As soon as that country accepts bitcoin, then obviously all the people and businesses in that country will accept and use bitcoin as well.

[cloirecrom]

looking at current situation probably another big bull run before crypto stabilize and matured.
no more 90% bear and 10.000% bull lol

[Anonylz]

~If history repeats itself, then it's likely BTC will go to the moon by 2024 (when the next block reward halving will occur).

It is not a question of "IF" buy When history repeats itself. From the history of previous ath, btc has always create new records hence the same will happen come 2024.
According to some information online, the accumulation of btc keeps increasing, even the number of non custodian wallet holding btc keeps raising, which means the btc supporters are strongly accumulating which can only result to one result - Mega ATH.

[Mustang Shelby]

Halving is often an important touchstone for Bitcoin.  You know, the rewards are halved.  More labor is required for miners.  The mining costs required to mine Bitcoin are also increasing.  As far as I remember, in all previous Halvings, the price went up and a record refresh was made.  Bitcoin's record is now over $60,000.  In my estimation, we can beat this record after this halving.  Of course, no one knows the exact date, and no one knows whether this will happen or not.  I just wanted to make a guess.  I hope we can catch a better increase than usual after the new halving.

[Abiky]

It is not a question of "IF" buy When history repeats itself. From the history of previous ath, btc has always create new records hence the same will happen come 2024.
According to some information online, the accumulation of btc keeps increasing, even the number of non custodian wallet holding btc keeps raising, which means the btc supporters are strongly accumulating which can only result to one result - Mega ATH.

While history has shown us that Bitcoin makes a comeback after each halving period, it's certainly not a guarantee the same will happen by 2024. These times are different, because the world is struggling to recover from the negative effects of the COVID-19 pandemic and the Russo-Ukraine war. If the global economy hasn't recovered by 2024, don't expect Bitcoin to reach a new ATH anytime soon.

I'd be surprised if BTC still manages to reach a new ATH in the middle of the crisis. That would mean Bitcoin has finally become an independent form of money that moves on its own regardless of what happens in the mainstream world. 2023 is just getting started, so we can only hope things will get better in the long run. Just my opinion