JamesDaniel90 (OP)
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May 17, 2023, 11:09:45 AM |
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Just wondering how everyone feels the next 11 months will go until the Bitcoin halving?
I am counting down the months now looking forward to my first bull run next year and curious.
Are we expecting any more major crashes or should the markets start steadily rising in a few months or so or will that not happen till the end of 2023?
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Oshosondy
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May 17, 2023, 11:14:01 AM |
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Nobody knows, but I am expecting bitcoin to get to $20000 once again which would result to a massive buy. Going below $25000 for now may not be achievable, but in some coming months before this year ends or before halving next year, bitcoin price may still fall and get to $20000 which would be a very strong support and buying price point.
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Onset
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May 17, 2023, 11:17:08 AM |
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Isn’t it more likely that Bitcoin price goes bullish in 2025 though? Halving years didn’t seem like they were the best for returns. They were good but not the best. Usually it’s the next year after halving.
Things can go so many routes, man.. if we get another stablecoin collapse the next 11 months may not look very good. I don’t expect much honestly, they’ll probably not be the worst but not the best months either. Just meh. Probably a lil hype and that’s it. Last halvings I was expecting markets to go crazy or something but it’s usually boring and nothing happens..
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dzungmobile
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May 17, 2023, 11:18:00 AM |
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Just wondering how everyone feels the next 11 months will go until the Bitcoin halving?
I am counting down the months now looking forward to my first bull run next year and curious.
Are we expecting any more major crashes or should the markets start steadily rising in a few months or so or will that not happen till the end of 2023?
Nothing big to expect and 2023 will be like 2019 but there is bigger risk that the world has many more serious things economically and politically since pandemic Covid-19. More serious conditions than in 2019 and maybe something will suddenly trigger massive panic on the market from traditional to cryptocurrency exclusively Bitcoin market. If any big shake, crash happens, I consider it is a market clean-up against weak-handed investors, gamblers who try to be rich with leverages. If you are not such people, you will not be impacted. With what happened with FTX exchange and what's going on recently with banks, you should store your bitcoin in non custodial wallets. Then you will surely have chance to enjoy 2024 halving and a bull run after. Reminder: do not keep your money in online accounts
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JamesDaniel90 (OP)
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May 17, 2023, 11:22:17 AM |
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Isn’t it more likely that Bitcoin price goes bullish in 2025 though? Halving years didn’t seem like they were the best for returns. They were good but not the best. Usually it’s the next year after halving.
Things can go so many routes, man.. if we get another stablecoin collapse the next 11 months may not look very good. I don’t expect much honestly, they’ll probably not be the worst but not the best months either. Just meh. Probably a lil hype and that’s it. Last halvings I was expecting markets to go crazy or something but it’s usually boring and nothing happens..
The last Bitcoin halving was May 2020 and the price then was £7k and it almost did a 3x by the end of 2020 reaching £20k so the halving year is also a bullish year.
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Zaguru12
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May 17, 2023, 11:53:03 AM |
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Isn’t it more likely that Bitcoin price goes bullish in 2025 though? Halving years didn’t seem like they were the best for returns. They were good but not the best. Usually it’s the next year after halving.
The last Bitcoin halving was May 2020 and the price then was £7k and it almost did a 3x by the end of 2020 reaching £20k so the halving year is also a bullish year. Onset isn’t far from what you’re saying. Taking last halving as a case study the market raised significantly towards the end of the year 2020, it went to 20k in December that year which is also bullish but it was in 2021 that it raised above the 60k mark. It first tested 60k in march 2021 which was almost a year after halving before going down a little bit again. The ATH of 69k was till November that year before it got there. So basically the year of the halving is not that bullish compared to the year that comes after it. As for this year 2023 the bitcoin will be in between the bearish and little bullish period mainly due to the hype of the halving but we would surely see another bear period of the price coming down to say 20k again but that also is dependent on some of the economic factors surrounding it.
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aysg76
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May 17, 2023, 12:14:19 PM |
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Just wondering how everyone feels the next 11 months will go until the Bitcoin halving?
I am counting down the months now looking forward to my first bull run next year and curious.
Are we expecting any more major crashes or should the markets start steadily rising in a few months or so or will that not happen till the end of 2023?
We can only make speculations about what will happen next but there's no surety about it so if you are having too much expectations from it then it might not work that way.See we have seen halving periods and price boost afterwards because the mining rewards will be halfed to 3.125 BTC and the adoption rates show the demand graphs are going upwards so it could be price boost. But your patience level are tested and many are having different speculations but for me holding is the best option till long term and that gives return to us but at the current rates say we are near $27k so it would definitely go to $40k if not have too much expectations.But till that period we can see lot of dips and FUD also but you should stay strong.
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paid2
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May 17, 2023, 12:30:46 PM |
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Just wondering how everyone feels the next 11 months will go until the Bitcoin halving?
I am counting down the months now looking forward to my first bull run next year and curious.
Are we expecting any more major crashes or should the markets start steadily rising in a few months or so or will that not happen till the end of 2023?
Personally, I expect the halving to be a logical continuation of this: History is just a series of loops, right ? .. I hope that once again, 6 months-1 year after the halving we will see a rise in price. Otherwise, from a more realistic point of view, I basically expect the block reward to be halved and therefore my mining income to drop. This is precisely why I am hoping for a small rise in the price, to compensate at least a little for this drop in income..
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palle11
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May 17, 2023, 12:35:37 PM |
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Just wondering how everyone feels the next 11 months will go until the Bitcoin halving?
Like you said you have been expecting your first bull run, that is what it is for more people. For hodlers who are interested to increase what they have I believe they are all saving up and hodling for the next months to come. The price has been dropping and now trading at $26k while the ATH is $64k, so if you can catch the difference of $64k - $26k which is $38k. That can stand as an investor's profit by the time price reach the ATH and that is a good investment if the risk is taken by this time. And if the price drops more from what it is currently selling on now, that is more profit. Investing now and hodling for the next bull run through DCA is definitely going to profit someone that takes the chance.
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Bureau
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May 17, 2023, 12:55:30 PM |
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Do remember that after halving there will be a period when the Bull run becomes the Bear run. I won't deny the happiness Bull Run gives to everyone. Then in Bear Run, it has been an attitude of everyone questioning why we are going through this. It is important to remember that if something goes up it will go down. This is a cycle that can be related to everything.
One unique thing that disregards everything about the Bitcoin bull and the bear cycle is a limited supply. That is one of the biggest features of Bitcoin according to me. That is why everyone should become a diamond hand and wait for the era of Bitcoin. I have a feeling that it is not so far and yet it is not so close.
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CryptopreneurBrainboss
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May 17, 2023, 05:11:06 PM |
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Just wondering how everyone feels the next 11 months will go until the Bitcoin halving?
I am counting down the months now looking forward to my first bull run next year and curious.
Are we expecting any more major crashes or should the markets start steadily rising in a few months or so or will that not happen till the end of 2023?
For people like myself that have experience more than one halving date, I'm not as excited as you might be. It's nothing new to us. You can't get any prediction accurately as so many things could happen before and after the halving date. Based on passed experience, Bitcoin price would likely rise close to the halving date and dumped after. In the market, people buy the rumors and sell the news and immediately bitcoin halving has been completed, the whole buzz will die down and people will start taking profits which will make the price to start decreasing. Anything can happen in the market so don't put your hopes all up or go to borrow money to invest in Bitcoin in anticipation of the hype (rise of Bitcoin price) to the halving date as that too might never happen. There's only one thing that you can be assured of happening in the market which is the price volatility and if you're a trader you can sue that to your advantage. The best preparation you can make for yourself against the next bull market is to continuously DCA into buying Bitcoin and hold.
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CryptoHeadlineNews
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May 17, 2023, 06:58:49 PM |
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Just wondering how everyone feels the next 11 months will go until the Bitcoin halving?
I am counting down the months now looking forward to my first bull run next year and curious.
Are we expecting any more major crashes or should the markets start steadily rising in a few months or so or will that not happen till the end of 2023?
From observation about the last Bitcoin halving which took place on 11th May 2020, I just noticed that Bitcoin never had any significant influence few months before the halving, as it's price value was still fluctuating around $6k to $9k, not until after the May 2020 halving then the price of Bitcoin started skyrocketing each month from $9k to over $33k before the end of December 2020, which is same as what is expected to happen next year too after we experience the April 2024 halving, as just as the price of Bitcoin in 2020 skyrocketed 4x (i.e from $9k to $33k before the end of the year), next year we should be expecting nothing less than it's value skyrocketing 3 to 4x of it's current value today.
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SOKO-DEKE
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May 17, 2023, 08:09:08 PM |
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I am counting down the months now looking forward to my first bull run next year and curious.
We should be anticipating the bull run, but counting down the months is a bad idea since the bull run might not begin when we anticipate it, which could produce irritation because our expectations were not met on time.So the best advice is to be patient and hold Bitcoin until it.infact timing bull run can even lead to selling our Bitcoin, if it does not happened by the time we may time for it because some people may be thinking maybe it wouldn't happen again especially newbies. Are we expecting any more major crashes or should the markets start steadily rising in a few months or so or will that not happen till the end of 2023?
Many people have been saying that we should expect little bearish that the bear market is not yet over, but I can't really say because markets are primarily determined by investors due to the back economy and some factors, like what happened recently like collapse of exchange and run always with people's funds so this kind things due create fear in the cryptocurrency industry and lead to the withdrawal of funds in the Bitcoin investment and also stop other investors for coming in the cryptocurrency industry.
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Upgrade00
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May 17, 2023, 08:09:59 PM |
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I am counting down the months now looking forward to my first bull run next year and curious.
A halving does not guarantee a bullrun that same year and historically a bullrun does not happen that same year. • 2016 halving - 2017 bullrun. • 2020 halving - 2021 bullrun. We would be looking towards early 2025 for the next solid rally, except if we have a change in how the Bitcoin cycle works which would not be a surprise. Are we expecting any more major crashes or should the markets start steadily rising in a few months or so or will that not happen till the end of 2023?
There should be some crashes between now and the next bullrun, but these are just predictions and the market reacts the way it wants. I would advice you don't think too much about the price and just focus on the long term ROI.
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entebah
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May 17, 2023, 08:39:05 PM |
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Just wondering how everyone feels the next 11 months will go until the Bitcoin halving?
I am counting down the months now looking forward to my first bull run next year and curious.
Are we expecting any more major crashes or should the markets start steadily rising in a few months or so or will that not happen till the end of 2023?
From observation about the last Bitcoin halving which took place on 11th May 2020, I just noticed that Bitcoin never had any significant influence few months before the halving, as it's price value was still fluctuating around $6k to $9k, not until after the May 2020 halving then the price of Bitcoin started skyrocketing each month from $9k to over $33k before the end of December 2020, which is same as what is expected to happen next year too after we experience the April 2024 halving, as just as the price of Bitcoin in 2020 skyrocketed 4x (i.e from $9k to $33k before the end of the year), next year we should be expecting nothing less than it's value skyrocketing 3 to 4x of it's current value today. i think the value of Bitcoin will increase by 2/2.5x from before the halving happened because if we look at a 3/4x increase seems pretty hard to achieve. But let's just wait around 3~5 months after the halving happen to see if the halving will increase the bitcoin Prices
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DiMarxist
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May 17, 2023, 10:00:13 PM |
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Nobody knows tomorrow, but this is what happened during the time before the 2016 halving, the price continued to be unstable with more volatility on the price increase before the halving eventually took price to around $21,000 in December 2017. Normally bull runs before halving, but it is not going to be strong enough, which would be followed by bear market again. Halving will occur soon in 2024 and this will be a trigger for Bitcoin to be able to reach the ATH Price again, It might be risky to think but when you're already on the process, you will be thanking yourself for having the courage despite of the feeling of having a cold feet because of the market's situation now. The people who say prices are high at this time also would never have stepped into an ATH.
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Oceat
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May 17, 2023, 10:23:35 PM |
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Nah, I'd rather let it slide until there's a hype since that would be frustrating to just keep on thinking what will happen on the market but never miss a chance to buy the dip or cheap ones cause I'm sure there's a time you can buy it perhaps $15k I guess depending on the support level on or before the halving start. It will just take some time before the market rise up to the moon when there's a FOMO.
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3996
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drwhobox
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May 17, 2023, 11:15:24 PM |
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It feels the same, just collecting more bitcoins as usual and waiting for the time. Not gonna lie I am also excited about bitcoin halving. Expected that bull run to hit new ath. But honestly you never know what will happen so it is better to be calm. Its a bull run or bear I am going to keep doing what I am doing now.
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Queentoshi
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May 17, 2023, 11:26:31 PM |
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Just wondering how everyone feels the next 11 months will go until the Bitcoin halving?
It is very impossible to predict exactly, but I expect a lot of events that will challenge our decision to keep bitcoins, some people may get tempted to buy some altcoins, some people may also get tempted to sell their bitcoins to have to solve some problems. It can also happen that I become lazy and inconsistent with trying to get and keep bitcoins in any manner that I can. Until the halving, I expect all these things so I can be ready.
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JamesDaniel90 (OP)
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May 18, 2023, 11:47:36 AM |
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As someone who started their crypto journey a week after the all time high in November 2021, I am just counting down the days till the halving as up till now i have spent 18 months being in the red it will be nice to finally see some profits I had no idea about cycles when I first started investing in crypto and had no idea I was getting involved at the wrong time but luckily I didn't start buying properly until March 2022 so wasn’t buying right at the top. Looking at the chart, from May 2020 to December 2020 Bitcoin went from £7k - £21k so that is a bull run in my eyes don’t agree with those saying it didn't come until 2021.
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