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Author Topic: Are the Predictions of Bitcoin Halving accurate?  (Read 312 times)
franky1
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June 26, 2023, 11:25:56 AM
Last edit: June 26, 2023, 02:39:36 PM by franky1
 #41

ok thanks for correcting yourself
You misunderstood that post.
I said binance academy has predicted the halving to be 293 days later while they say the average block time is 9.89 minutes. I even shared the link.
In the next part of my post, I said that with considering the average block time of 9.89 minutes, the halving should be 303 days later.

293 days was what displayed on binance academy and 303 days was what calculated by me.


I don't know how exactly they calculate the halving date. With the average block time of 9.89 minutes, the halving should be 303 days later.

i never stated any of the numbers quoted by anyone were factually correct or not..  i just stated that different sources were saying different amounts..

dont cause drama by saying im wrong about numbers that YOU mentioned.. because fact is: YOU mentioned them first i just said other people said..
end of discussion..

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June 26, 2023, 11:35:46 AM
 #42


As Bitcoiners, It's very essential for us to have reliable sources for predicting and preparing for this event. so, are these predictions correct?

However, given that these things are giving different results from different websites which make me think that they are not reliable in my opinion, I think we should only use what we all know and calculate how the blocks are getting mined in 10 minutes. I believe by doing that we will see how it goes. Even though I'm not waiting or checking these predictions before halving the fact that most of these I didn't take them essential meaning that I'm seeing them as unreliable things. In light of the fact that the most recent halving occurred on May 11, 2020, which leads us to conclude that it will happen around 2024, I feel we should refrain from utilizing other websites because they are providing us with inaccurate information.

So, I think as someone who wants to invest, I think we should go ahead and invest, and wait for the next increase in the price of bitcoin and hold onto our investments for whatever long or short a time it takes, given that no one can foresee the precise moment.

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June 26, 2023, 11:47:36 AM
 #43

Predictions can never be accurate no matter what. Maybe it was the right counting or not and whether it was right or wrong at least, we have an idea when it possibly comes. And at least we have time to prepare and anticipate the possible price surge leading to a bull run and new ATH. It is somewhat to say that people are very excited when it happens and so they are accumulating more coins, filling their bags, and making themselves ready for the said marker event. It will just come with a sign...

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June 26, 2023, 12:14:53 PM
 #44

That is why it is called prediction because there is no guarantee. But who cares much about the exact date and hour of the halving? It is only for the record and historical milestones.

Financially, it is all about positioning which happens earlier than the exact halving date. Big whales and institutions are not dumb and are smart enough to position themselves as early as last year. Many investors continue with their regular DCA while the price of bitcoin is still cheap at $30k. Personally, I might continue my DCA until bitcoin surpasses $40k to $50k.

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June 26, 2023, 12:42:53 PM
 #45

That is why it is called prediction because there is no guarantee. But who cares much about the exact date and hour of the halving? It is only for the record and historical milestones.

Financially, it is all about positioning which happens earlier than the exact halving date. Big whales and institutions are not dumb and are smart enough to position themselves as early as last year. Many investors continue with their regular DCA while the price of bitcoin is still cheap at $30k. Personally, I might continue my DCA until bitcoin surpasses $40k to $50k.
Many people are misinterpreting the halving, many of them believing that bitcoin will increase as soon as the halving takes place. All look forward to the halving event to trigger a new bull run, so it's no surprise they need to know the exact halving date. The halving is inevitable, and the bull season will only come 1 year after the halving ends (based on history), so we don't need to rush and rush.
Currently, I'm not very interested in the halving, instead, I still hope the bitcoin price doesn't go up anytime soon so I can continue to fill my bitcoin pocket.

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June 29, 2023, 03:30:50 PM
 #46

Tools like Blockchair give a rough sketch of Bitcoin halving, based on current mining rates and the 10-minute block addition rule. But, lets not carve these estimates in stone; they're mere projections, not exact truths. Mining speed sways due to a host of elements like network complexity tweaks and overall mining might. So, while these tools sketch an outline, pinpointing the exact halving day, let alone hour or minute, is a shot in the dark.

As Bitcoin and blockchain enthusiasts, we should understand foundational principles, rather than leaning entirely on prediction models. These forecasts, while handy, arent fail-safe. They're as precise as nailing the next raindrop's landing time
I think the best way is to simply just keep a week in your mind when the halving will occur instead of thinking about the specific day and hour, block times can't be delayed too much for the event to be pushed more than a week in my opinion, so having an estimate of a specific week should be enough. Besides, people will already start buying when the halving is to occur after a month, and the market might start moving from there.

So those who are asking for the exact time or day or week or month should simply just have an eye on the market and just remember the month of the halving because things will start escalating a month before it and we will witness something positive even before it reaches.
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June 29, 2023, 03:54:14 PM
 #47

the last which took place on May 11, 2020 and we are expecting the next halving to happen in 2024, but do we know the exact month, day and time? As Bitcoiners, It's very essential for us to have reliable sources for predicting and preparing for this event. so, are these predictions correct?
They are predictions and they cannot be accurate exactly. It is impossible to predict the exact moment when the final block in this 210,000 block cycle would be completed, you can only estimate based on the average ~10 minute between blocks.

It is not essential to have reliable source for the next halving, all you need to do is to buy Bitcoin, hold and wait for the pump that is likely to come after the halving.
That is very correct because no one can predict the exact time the next halving will take place so most of the bitcoin halving countdown trackers are just speculating and the next bitcoin halving will happen either before or after that prediction since as upgrade rightly said, no one has the accuracy of time this event will happen and it all depends on the demands for bitcoin and how many transactions are carried out within the remaining space of time between now and then, so what happened in the Bitcoin networks in terms of transactions is what matters.
But for sure the next bitcoin halving will happen around the displayed time month but the exact day is still unknown

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