Bitcoin Halving only 1 year away

[Stella Mese]

Bitcoin HALVING according to predictions and analysis is just around the corner
yes ,, you could say more or less one year left.

but the question is whether btc will rise high or not in 2024,
and the answer is definitely between not going up or going up.

but in my opinion and if I look at the economy, it will be difficult for BTC to go up because usually people also when the economy is down
will be more concerned
food and drink for the day.

but of course we have to think positively, and hopefully the economy
in this world progressing,
because in my opinion, if the economy progresses, the btc price will also go up high.

[Bazzu]

now there are many investors who have bought a lot of btc, as well as me when the price of bitcoin goes down, i always buy btc with the dca system,
so i think now is a good time to buy btc and prepare for 2024.

but in my opinion the best thing is to hold btc until 10 years or 20 years from now. because according to my predictions in the future the price of btc will continue to rise so it would be better if we hold btc for a very long time.

[xSkylarx]

There are still a year that i will save money to buy more bitcoin. For sure a lot of us now got a lesson in the pas halving that they havent own a bitcoin and haven't ride the ATH of bitcoin. But i do have a question about the miner right now is they are still profitable? Like they can still pay their bills ? I know those bitcoin mining farm can still generate profit after having but those who has thier mining machine in house ? Will they be quitting?

[Iranus]

Recently, in a discussion in my locality, some people said that this halving will make the market very bullish and also the last bull market of the market. They argue that the coming government intervention will make the market no longer free. The market will be controlled and regulated just like the stock market and foreign exchange, so there won't be any hype.

With what is happening to the market, the SEC and CFTC are increasing the pressure on the market. I find what they argue somewhat reasonable but this is a free market, decentralized, I wonder if governments have good control.

[Freddie Boyer]

Here's an overview:


We are still early

After the last Bitcoin block reward halving in May 2020 from 12.5 BTC to 6.25 BTC per Block, we will see a new halving in 2024 (estimated April 2024), reducing the Bitcoin block reward from 6, 25 [ btc] (actually valid) to 3.125 BTC per block.

And to be honest, we have to admit that 3,125 BTC per block is ridiculously low:
The Bitcoin halving reminded everyone once again how scary Bitcoin really is.
So, an important reminder to everyone how close we are to the Bitcoin Halving.
Only 1 more year.

What I've noticed Regarding Bitcoin's partial reduction of the block reward coming later in 2024, where the reward will be reduced to 3,125 BTC per block is a reminder of what Bitcoin's scarcity as an asset means, The supply of new Bitcoins entering the market is reduced, leading to increased scarcity and mark.

So what to do Keep an eye on the halfway countdown and get ready for a financial future with significant returns in the foreseeable future.

When mining rewards get much lower, will that also decrease the halving effect on prices and trader sentiment?

Halving events are expected to impact the Bitcoin price, as it reduces the number of newly mined coins entering the market. While lower mining rewards may mitigate the immediate impact of the halving, it is still expected to have a significant effect on market sentiment and prices.

Traders and investors should remember that Bitcoin's scarcity is a key factor in its value, and halving events play an important role in maintaining that scarcity. Therefore, even though the impact of halving on price could be mitigated by lower mining rewards, it remains a significant event for Bitcoin's long-term value.

Maybe some people still see the decline in this imbalance as a negative thing, this is actually the pressure of limited supply of Bitcoin and it's getting harder to mine it. With only a year left until another fraction of a year, it's important to remember that Bitcoin is a scarce asset, with a total supply of 21 million coins. Yes, the halving is about to happen and take action to invest in Bitcoin now.

[dansus021]

Bitcoin will be hard to mine and it will be very rare and can drive up the price even higher  if the halving on April 2024 maybe we can see the price all time high on end of 2024 or first quarter of 2025 be prepare guys to taste the sweet of AllTimeHigh 

[Fundamentals Of]

Bitcoin will be hard to mine and it will be very rare and can drive up the price even higher  if the halving on April 2024 maybe we can see the price all time high on end of 2024 or first quarter of 2025 be prepare guys to taste the sweet of AllTimeHigh 

The pattern has always been this so far. Although this is not an assurance of a repeat, if the demand remains high in the face of a lower Bitcoin mining reward, it is logical that the price will be driven up. I am also expecting a new ATH either around the end of 2023 or early 2025.

But this doesn't mean that Bitcoin is harder to mine. It's just the reward cut into half. The difficulty in mining Bitcoin is another thing. In fact, quite the opposite, mining difficulty might even drop after the halving.

[1miau]

But i do have a question about the miner right now is they are still profitable? Like they can still pay their bills ?

If a miner is not profitable anymore, it will sop it's operations as it makes little to no sense to continue mining at a loss.
Mining companies are overally highly professional operators, mining at a large scale. It's an own business / industry and these indistrial miners know what they are doing.  

I know those bitcoin mining farm can still generate profit after having but those who has thier mining machine in house ? Will they be quitting?

Decreasing block rewards shouldn't be an issue. It's very likely to see Bitcoin's price rising, as Bitcoin is a truly scarce asset and Block rewards will get replaced by transactions fees over time, anyways, where transaction fees will become the main source of revenue for miners.
Probably, lost Bitcoins will be a factor in the long run as well, making each Bitcoin more valuable.  

[LastKiss]

1 year won't be long to wait until Bitcoin halves, I'm also curious about what will happen in the future around 2050++ year when Bitcoin mining has lower rewards than today. If mining Bitcoin rewards are reduced in the upcoming years I hope that Bitcoin price will follow to increase to make miners keep mining Bitcoin.

[dansus021]

The pattern has always been this so far. Although this is not an assurance of a repeat, if the demand remains high in the face of a lower Bitcoin mining reward, it is logical that the price will be driven up. I am also expecting a new ATH either around the end of 2023 or early 2025.

But this doesn't mean that Bitcoin is harder to mine. It's just the reward cut into half. The difficulty in mining Bitcoin is another thing. In fact, quite the opposite, mining difficulty might even drop after the halving.

Yes there is no guarantee but we already see the past and the pattern so far so good and ofcourse not just you maybe all people in crypto industry want new ATH.

if we look at the pattern usually ATH will come after 5 Month or 1 year after halving.

When the price is up In my opinion the miner will be more and more and difficulty will increase the ASIC manufacturer will made a better hardware and efficient.

[1miau]

When the price is up In my opinion the miner will be more and more and difficulty will increase the ASIC manufacturer will made a better hardware and efficient.

Yes, new bull markets are also attracting more miners, as it's more profitable to mine (based on USD / FIAT prices, where electricity, the main component in PoW, how mining expenses are paid).
But long-term such "bull market" miners are not significant and they will be the first ones to be forced to turn off due to their more expensive operation costs.

In my opinion, ASIC manufacturers developing new devices during bear / bull markets shouldn't be a big difference as most of it is depending on new chips but I'm not an mining expert on that subject.
Even during bear markets, hashrate isn't dropping much, as can be seen here:


https://www.coinwarz.com/mining/bitcoin/difficulty-chart

[blockman]

I've just realized what was said on the OP that the reward after this coming halving is really low. Keep your bitcoins everyone, it's going to be terrific and scarce after that and then how much more after the 2028 halving but then let's focus on what's coming.
Time has flown so quickly that after 2020, we're going ahead to the next one and it even made look easy and fast because of the world situation now, the pandemic. Not bad to secure profits as everyone should really be, maybe this is the moment of my life when I can purchase some miners from my gains soon. 

[bettercrypto]

The speed of the days and months actually, we won't notice that bitcoin halving is only a few months away. So communities here in the crypto space are getting aggressive in hoarding bitcoin before the halving comes.

      Obviosuly there are also many who expect that the value of bitcoin will really increase at a price that everyone here certainly does not expect that it will reach the value that is unbelievable. Because that's what always happens when its halving hits the market. Then if you look at the pattern you won't see any decrease in its value over time.

[qwertyup23]

A great reminder for people who are still actively trading Bitcoin rather than being an investor in Bitcoin itself. It's really very lucky for those of us who are still in the early stages of getting to know Bitcoin. I'm still curious about how it will be during the last halving, will the era be a completely decentralized era? or even people will start leaving Bitcoin especially miners because they no longer get their block reward.

When I first joined this forum last 2017, I remember the price of 1 BTC = ~$4,000 on the market. Every time a halving occurs, the price skyrockets and I was not able to capitalize on that opportunity to maximize my investments.

Given that the next halving is a year away, I do highly recommend to everyone to HODL their BTCs in order to take advantage of this situation. In addition, this will serve as a personal reminder for me to save my BTCs in order to prepare for my next big purchase. I just really hope that everything ends well for everyone at this time.

[romero121]

A great reminder for people who are still actively trading Bitcoin rather than being an investor in Bitcoin itself. It's really very lucky for those of us who are still in the early stages of getting to know Bitcoin. I'm still curious about how it will be during the last halving, will the era be a completely decentralized era? or even people will start leaving Bitcoin especially miners because they no longer get their block reward.

When I first joined this forum last 2017, I remember the price of 1 BTC = ~$4,000 on the market. Every time a halving occurs, the price skyrockets and I was not able to capitalize on that opportunity to maximize my investments.

Given that the next halving is a year away, I do highly recommend to everyone to HODL their BTCs in order to take advantage of this situation. In addition, this will serve as a personal reminder for me to save my BTCs in order to prepare for my next big purchase. I just really hope that everything ends well for everyone at this time.

Everyone could've had this experience. Most of the people would've missed one of the opportunity to sell and book good profit when the price of bitcoin went above $20k for the first time. Every halving is important and till date no halving have disappointed the holders. Based on the past historical growth of bitcoin we can expect similar level of growth to take place with the upcoming halving.

[AmoreJaz]

A great reminder for people who are still actively trading Bitcoin rather than being an investor in Bitcoin itself. It's really very lucky for those of us who are still in the early stages of getting to know Bitcoin. I'm still curious about how it will be during the last halving, will the era be a completely decentralized era? or even people will start leaving Bitcoin especially miners because they no longer get their block reward.

When I first joined this forum last 2017, I remember the price of 1 BTC = ~$4,000 on the market. Every time a halving occurs, the price skyrockets and I was not able to capitalize on that opportunity to maximize my investments.

Given that the next halving is a year away, I do highly recommend to everyone to HODL their BTCs in order to take advantage of this situation. In addition, this will serve as a personal reminder for me to save my BTCs in order to prepare for my next big purchase. I just really hope that everything ends well for everyone at this time.

Everyone could've had this experience. Most of the people would've missed one of the opportunity to sell and book good profit when the price of bitcoin went above $20k for the first time. Every halving is important and till date no halving have disappointed the holders. Based on the past historical growth of bitcoin we can expect similar level of growth to take place with the upcoming halving.

the adoption as well seems to be growing, hence, the increase in demand will be seen also in this market. if you feel such positive will happen a year from now, you can start accumulating some satoshis while the price is like a bargain. even if we are in the 30k level today, if it will increase to even 40k, you are already in the positive profits.

[logfiles]

1 year won't be long to wait until Bitcoin halves, I'm also curious about what will happen in the future around 2050++ year when Bitcoin mining has lower rewards than today. If mining Bitcoin rewards are reduced in the upcoming years I hope that Bitcoin price will follow to increase to make miners keep mining Bitcoin.

Miners will still be able to get rewards via the mining fee paid for each transaction if the block they mine is not empty. So if the Bitcoin network keeps getting more and more popular, there will lots of Bitcoins earned from the transactions included in the blocks. That coupled with an increase in the Bitcoin price should be a good incentive for the miners.

[wxa7115]

When I first joined this forum last 2017, I remember the price of 1 BTC = ~$4,000 on the market. Every time a halving occurs, the price skyrockets and I was not able to capitalize on that opportunity to maximize my investments.

Given that the next halving is a year away, I do highly recommend to everyone to HODL their BTCs in order to take advantage of this situation. In addition, this will serve as a personal reminder for me to save my BTCs in order to prepare for my next big purchase. I just really hope that everything ends well for everyone at this time.

You did not really had too much time to prepare yourself which led you to not being able to take advantage of the bull run at the time.

But now things should be completely different and your results should be much better this time around, still I wonder if the positive performance we have seen during this year can be maintained, as it seems to me as if it is too soon for such a high price to be seen, and if that is the case then a dip could follow which could allow us to load as much bitcoin as we can during that period, as we make our final preparations for the upcoming halving.

[Japinat]

now there are many investors who have bought a lot of btc, as well as me when the price of bitcoin goes down, i always buy btc with the dca system,
so i think now is a good time to buy btc and prepare for 2024.

but in my opinion the best thing is to hold btc until 10 years or 20 years from now. because according to my predictions in the future the price of btc will continue to rise so it would be better if we hold btc for a very long time.

Yes, hence why we called it as an investment. We could pretty much make more from it if we try and hold it for more than a decade, and while the market is still friendly to us as it is selling at a cheaper price, we might as well take advantage of it and buy as much as we can from the leading altcoins and especially bitcoin because we don't know what the future will bring to us. As of now, the market is still bearish but as per speculations, we will likely experience the bull after the halving.

[Luzin]

There are great expectations of halving this period. Many say they can go as high as $500k. It may be too big and impossible but I believe the current halving period they can be better than the previous ATH. My expectation of being able to double or triple the ATH is already very large. But legally the supply and demand of bitcoin is designed to continue to grow.
Although I am actually worried because of the bad macroeconomic period. The threat of recession and slowing economic development. Of course this makes investors choose basic needs rather than bitcoin. But looking at my chart is still quite optimistic bitcoin will continue to grow.