HONDACD125
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February 03, 2023, 02:49:06 PM |
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Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum. My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry? This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
I think this will cause a big problem and panic in market. The 2024 halving is considered to be the biggest hype factor that could drive the market and Of course, there's always the possibility that the US government could make Bitcoin a legal currency, which would definitely be a game-changer and will create more hype and we will see new ATH for Bitcoin.
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Erumo
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February 03, 2023, 02:50:42 PM |
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Feer nothing until you have got the key to your wallet. Each price change is temporary. You just have to take a decision when exactly you wish to get free from your crypto. Everyone expect something special from Bitcoin halving, but nothing major really happens before and after it. Bull or bear market runs have nothing to do with halving imho. These are just periods that happens uncontrollably and unpredictably imho.
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serjent05
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February 03, 2023, 03:17:50 PM |
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Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum. My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry? This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Forecasting Bitcoin on a bull in 2024 cannot be determined or predict by any one that why it is advisable to also study the market structure when it make a move to demilish u sell ur coins. Bitcoin will be in a bull run in 2024 prior to Bitcoin halving and peaking in 2025, the history of the Bitcoin cycle is one of the references that it is possible to happen. It does not only happen once but twice - thrice already. I agree that no one can precisely predict the future but we can always speculate, something like an intelligent guess with some proof of historical references of Bitcoin four year cycle. Miners are the ones who are most effected by the halving. I am not saying that they manipulate the price, but I will say that it is "oddly coincidental" that around each halving the price tends to rally. Usually after the halving, as the market expects prices to go up at the moment it happens (the market tends to do the opposite of what people expect). The fact is, if prices don't go up, eventually miner revenue/profit goes down significantly and operations start to become less viable to run. If there is a cheaper energy source that manages to power their operations at a much cheaper price, maybe the price won't tend to rally as the cheaper energy source will make up for the change in revenue. I doubt this though. I believe that the halving is one of the economic encodings in securing bitcoin's market value in the long term.
It is a domino effect. First, the miner will be affected because of the reduced block reward but later on miners adjust their prices affecting the market. At the end even the retailer and buyers are affected by this Bitcoin halving
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John Abraham
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February 03, 2023, 03:54:08 PM |
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As theymos put it a couple of years back: it takes a while to feel the scarcity. Eventually, there will be less new bitcoins on the market, and that affects the price.
If I am not wrong, More scarcity means fewer bitcoins on the market, and it will pump up the price of the Bitcoin. I heard if you sent bitcoins to an address that doesn't have access to anyone, and it's lost. This matter helps bitcoin to grow up in price as well. How strong this statement it is? I didn't believe this at that time. But, If scarcity affed the price, That's mean it's kind of true. What do you think about it?
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Osama Maaz
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February 03, 2023, 08:02:30 PM |
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Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum. My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry? This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Actually halving means the mining reward of bitcoin is get half and then then selling pressure from miners is cuts in half then market supply is less and demand is increasing therefore BTC price is pumping and then FOMO comes many investors and institutes buys bitcoin and this create a high demand on btc in market results high pumps and traders not selling because of hype and people coming day by day , trends starts on social media results of market breaks his all time high .
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molsewid
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February 04, 2023, 06:49:08 PM |
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It's highly likely that after a certain halving date, the price effect would likely be far less spiky compared to past halvings. Instead, we'd probably have a slow and steady uptrend, which is far more preferable in my opinion — if we'd look at bitcoin in the lens of a currency/SoV rather than a hype asset.
Honestly, yes it is true there will be some chance that halving can't give us that peak like what it did last time. If we are looking to the outside scenario many miners quit their mining activities due to electricity cost and maybe because they can't mine too much now maybe because of the speed? I am not expert in this thing but on the other side as well, recession will come many normal people like me can't afford buying in big amount only enterprises and whales can buy in bulk and must be ready to the halving. It can go up of course since from what I am seeing we are still in the phase of recovery.
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KupaCrypto
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February 04, 2023, 07:04:21 PM |
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The halving policy that occurs every four years and expected to occur April next year, I predict it will be a kind of different from the ones that have happened in the past due to the way people now invest massively in bitcoin and it might make the rise in price a bit low and for a long term.
I don't have a fear about the halving policy that will happen next year all am doing now is buying as many as I can buy now so by next year we see what happens
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Hamza2424
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February 04, 2023, 07:18:00 PM |
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2024, a Halving without a Bull run seems weird bro I don't believe this all as every time market fads occur and it's natural also these fads are temporary. On the second point of the US Bitcoin regulation, I think it's early to consider that the USA or any major country is going to make Bitcoin a legal tender except for Russia. China has its own agenda of Digital Yuan and for the USA and European countries, i think it's quite hard to accept the BTC as legal tender for many reasons market domination in the economy is a major one.
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Taskford
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February 04, 2023, 08:32:34 PM |
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It's highly likely that after a certain halving date, the price effect would likely be far less spiky compared to past halvings. Instead, we'd probably have a slow and steady uptrend, which is far more preferable in my opinion — if we'd look at bitcoin in the lens of a currency/SoV rather than a hype asset.
Honestly, yes it is true there will be some chance that halving can't give us that peak like what it did last time. If we are looking to the outside scenario many miners quit their mining activities due to electricity cost and maybe because they can't mine too much now maybe because of the speed? I am not expert in this thing but on the other side as well, recession will come many normal people like me can't afford buying in big amount only enterprises and whales can buy in bulk and must be ready to the halving. It can go up of course since from what I am seeing we are still in the phase of recovery. No guarantee but halving effect gives big hype so most provably we can still see some great movements since when this time people always look forward for the growth. Many people hodl at the moment for that event so when there so many people are talking about pump this where the hype starts and it follows all positive changes. We don't see a halving effect didn't get a negative scene so maybe dump at that time is not possible to see.
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_BlackStar
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February 04, 2023, 09:11:29 PM |
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No guarantee but halving effect gives big hype so most provably we can still see some great movements since when this time people always look forward for the growth. Of course, there's bound to be lot of hype about the halving and people are getting ready to kick it. The most likely possibility would be price increase, but as to how big it would be everyone would be wondering. Many people hodl at the moment for that event so when there so many people are talking about pump this where the hype starts and it follows all positive changes. We don't see a halving effect didn't get a negative scene so maybe dump at that time is not possible to see. This cycle is very likely to repeat itself, but of course we need enough support to get through the previous ATH. The history of the creation of the highest price is almost certain to be achieved in every halving cycle, but until now no one can really say for sure. We are only between one belief, that the halving can bring more demand for bitcoin so that the highest price can be reached.
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KingsDen (OP)
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February 04, 2023, 09:19:47 PM |
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2024, a Halving without a Bull run seems weird bro I don't believe this all as every time market fads occur and it's natural also these fads are temporary. On the second point of the US Bitcoin regulation, I think it's early to consider that the USA or any major country is going to make Bitcoin a legal tender except for Russia. China has its own agenda of Digital Yuan and for the USA and European countries, i think it's quite hard to accept the BTC as legal tender for many reasons market domination in the economy is a major one.
Many people misunderstood the second part of my statement. Well in the OP, the first part of the statement was used to express my fears while the second part was just a figure of speech used to imply the kind of force which would replace the force of halving bull run incase it fails. Anyways, I have read some reasons to believe that halving bull run will not fail. Let us believe with facts that it will not fail because if it does, it won't be easy
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Casdinyard
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February 04, 2023, 10:16:12 PM |
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Most people misrake the hype that bitcoin halving brings as the only reason why it will increase in value. Which is true to some degree don't get me wrong. But apart from that, the main reason why bitcoin's price increase and why hype around it rises is the fact that it halves the circulating supply of bitcoin in the market, effectively increasing the demand for the coin and in result the price. So will there be a time whe bitcoin halving comes and the price doesn't move? Yes. But that will be when bitcoin stops getting transactions and users to support. As long as there is support and users, bitcoin will remain valuable.
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Fivestar4everMVP
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February 04, 2023, 10:41:17 PM |
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Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum. My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry? This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Nothing to be afraid of, regardless of whatever happens in 2024, i think it makes no sense to start to worry over the unknown, what be the outcome of the price of bitcoin after 2024's halving is not in our hands to control, neither is there any body out there that controls it, if 2024 halving come and go without a bull run, bitcoin remains bitcoin and nothing will change that, those who would sell would sell and those would buy would buy, life will continue to go on and bitcoin will continue to make money for those who know their way around trading.
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Taskford
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February 05, 2023, 12:15:47 PM |
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No guarantee but halving effect gives big hype so most provably we can still see some great movements since when this time people always look forward for the growth. but as to how big it would be everyone would be wondering. That's for people to find out about what will be the possible outcome on next halving because not every halving will show the same pump percentage and it always shows different price angle. But what's good thing about that still we see some positive movements and the only thing we need to do is to follow the market updates so that we will also do what other do when they decide to take their profit. Many people hodl at the moment for that event so when there so many people are talking about pump this where the hype starts and it follows all positive changes. We don't see a halving effect didn't get a negative scene so maybe dump at that time is not possible to see. This cycle is very likely to repeat itself, but of course we need enough support to get through the previous ATH. The history of the creation of the highest price is almost certain to be achieved in every halving cycle, but until now no one can really say for sure. We are only between one belief, that the halving can bring more demand for bitcoin so that the highest price can be reached. Yeah support will be their once price will starting to increase since provably are in accumulating mode so those things will be build up especially when many people frequently set their buy orders.
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Inwestour
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February 05, 2023, 12:42:54 PM Merited by Smartprofit (1) |
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Honestly, yes it is true there will be some chance that halving can't give us that peak like what it did last time. If we are looking to the outside scenario many miners quit their mining activities due to electricity cost and maybe because they can't mine too much now maybe because of the speed? I am not expert in this thing but on the other side as well, recession will come many normal people like me can't afford buying in big amount only enterprises and whales can buy in bulk and must be ready to the halving. It can go up of course since from what I am seeing we are still in the phase of recovery.
The problem for miners is not only that electricity is expensive, but the price of bitcoin also plays a role. After all, if the price of bitcoin is twice as expensive, then it will again be profitable to mine. It is clear that many cannot just wait for halving and mine at a loss all this time, but as the price rises, as it is currently happening, the situation will improve. Halving plays an important role in price growth, but it is definitely one of the components of this process, and only in the aggregate it will give us the result that we are all waiting for. I will not be upset if there is no big increase after the halving, because I do not expect anything extraordinary from this event.
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alan2here
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February 05, 2023, 12:56:37 PM |
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Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum. My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry? This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Nothing to be afraid of, regardless of whatever happens in 2024, i think it makes no sense to start to worry over the unknown, what be the outcome of the price of bitcoin after 2024's halving is not in our hands to control, neither is there any body out there that controls it, if 2024 halving come and go without a bull run, bitcoin remains bitcoin and nothing will change that, those who would sell would sell and those would buy would buy, life will continue to go on and bitcoin will continue to make money for those who know their way around trading. Alright, let me break it down for you. There's no need to get all freaked out about what might happen in 2024 with the halving. The truth is, no one has a crystal ball and we don't know what the future holds. So, instead of losing sleep over something that's beyond our control, let's focus on what we can control. And even if the halving doesn't go exactly as planned, it's not the end of the world. Bitcoin will still be rockin' and rollin', providing opportunities for those who know how to play the game. So why waste our time and energy worrying about something that might not even happen? Let's keep our heads up and keep moving forward. In a nutshell, don't worry, be happy!
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QueenVera
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February 06, 2023, 05:06:18 AM |
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Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum. My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry? This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
In late 2017 or about early 2018, Bitcoin had a massive spike in price and was trading for a record price of $20k. Then It was the first time Bitcoin was getting to that milestone and shortly after the bear market came alone to drive the price down to about $3k-$4k. After this massive decrease in price, many people thought Bitcoin would never go that high again but it did in 2021 as Bitcoin crossed the previous all time high and set a new one. Now when that new high of about $69k was reached, many didn't believe that was the top as they expected similar spike in price as it did in the previous bull cycle but it didn't happened and many people were caught off guard. I just told this story so you know Bitcoin has its own well of operation and doesn't follow any prediction. 2024 might come and it'll be a slow year all through most of the year then close to the ending, suddenly the volumes starts spiking up and Bitcoin crosses a new all time high that same year or the very next year 2025 which is usually the time Bitcoin moons.
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pawanjain
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February 06, 2023, 06:48:31 AM |
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Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum. My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry? This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
If it becomes so predictable that bitcoin price would spike up before the halving then I guess everyone would be buying right now. I think it will change soon or may be it is changing right now. The old timers are aware of it and would have already bought their bag. It would need some huge investment from institutional investors to start a bull trend now. Besides that, we still have time for the bitcoin halving and may be more investors dive in by that time to invest in bitcoin.
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boyptc
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February 06, 2023, 08:46:23 AM |
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Many people misunderstood the second part of my statement. Well in the OP, the first part of the statement was used to express my fears while the second part was just a figure of speech used to imply the kind of force which would replace the force of halving bull run incase it fails. Anyways, I have read some reasons to believe that halving bull run will not fail. Let us believe with facts that it will not fail because if it does, it won't be easy
I agree. Let's just stick to that pattern thinking that everything's going to be fine. It's common to think of what IFs because we care for bitcoin and unexpected things might really come. But it's all speculation until it actually comes into reality. The thing is, we're all caring for what's about to happen and we're just a year afar from it and thoughts that we want to express really differs but in the end, we all want to succeed together with bitcoin.
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S A KHAIR
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1xBit recovered their reputation
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February 06, 2023, 02:12:20 PM |
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On the second point of the US Bitcoin regulation, I think it's early to consider that the USA or any major country is going to make Bitcoin a legal tender except for Russia. China has its own agenda of Digital Yuan and for the USA and European countries, i think it's quite hard to accept the BTC as legal tender for many reasons market domination in the economy is a major one.
What makes you think Russia will accept bitcoin as legal tender? Countries that are accepting bitcoin as legal tender are countries on the verge of default, poor countries, Russia is not. War doesn't make them as poor as you think. There won't be any major power accepting bitcoin as legal tender, I'm pretty sure of that, if the US accepts, unless they want to kill USD, they want to kill themselves.
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