ImThour
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Bitcoin Bottom was at $15.4k
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July 09, 2023, 12:15:39 AM |
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Bitcoin Halving has always given huge profits to the Bitcoin community, it's a great 4 year cycle. Here is a table which shows how it affected the price after a Bitcoin halving: You can clearly see the impact Bitcoin Halving has on the price. It reduces the supply by 50% and that increases the hype and demand which the Crypto industry needs. So, 2024 Halving will bring down the New BTC per Block to 3.125. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fs3.cointelegraph.com%2Fstorage%2Fuploads%2Fview%2F289b673e8fa066e827d6771bc60d44c4.png&t=665&c=uAwco7vNYQoRpg)
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Stella Mese
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July 09, 2023, 01:59:33 AM Merited by fillippone (1) |
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speculating on the price of btc is a tricky thing. In my opinion, the increase in the price of BTC depends on market demand. If the market demand is high, when someone wants to buy BTC, the price of BTC will be high when that person buys it.
but I think at the time of HALVING btc for sure the price of btc has the potential to increase because currently the price of btc can still survive at the current price which is in the range of $ 30k and in my opinion, many people will also start saving btc for the next BUL RUN.
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Nwada001
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July 09, 2023, 02:15:47 PM |
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but I think at the time of HALVING btc for sure the price of btc has the potential to increase because currently the price of btc can still survive at the current price which is in the range of $ 30k
How does the price of Bitcoin right now show that it has the potential to increase in the near future? If you are making your assumption based on the halving that is around the corner, then I can agree with you that we might likely see a little bull run in the coming weeks and months, but the price won't be a big difference compared to where it is right now. Maybe a range of $31k–$35k could possibly be achieved, adding to the recent positive news we have been having from different institutional investors.
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GreatArkansas
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July 09, 2023, 03:04:29 PM |
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And if the institution has entered, the pump should have happened, especially when it coincided with halving in 2024. Right? (....)
I'm more positive about the event of Bitcoin having a block halving next year because, for the past years and past Bitcoin block halving, it became an indicator over time for every Bitcoin bull market. Every before Bitcoin block halving happens, we can see the price of Bitcoin is starting to climb. Which for me, I agree that next year is the market will favor to Bitcoin.
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Ale88
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July 09, 2023, 03:13:46 PM |
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Are the bitcoins on the market becoming scarcer? plus, because there will be a halving? and that means potentially Bitcoin will become more expensive as it becomes scarcer, and more numerous less?
The logic behind markets is that is there is a request for something, bitcoin in this case, and it keeps becoming scarcer and scarcer, the price will go up. If something is scarse but there is no request for it then it's totally useless, there is no market hence its value is zero. With the halving is very likable that the price will keep going up.
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kryptqnick
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July 09, 2023, 04:27:35 PM |
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I think Bitcoin ETF applications happen pretty regularly, but as they always end in a rejection, they aren't covered by the news a lot. The SEC suing big crypto companies can motivate some companies to try obtaining a licence from them, as they probably want to make sure they're not going to be sued. Turning to halving, opinions vary whether it actually makes a difference, but people often cherry-pick the evidence, sometimes choosing to focus on what's before the halving or something well after the halving, and linking the price changes to it. That being said, halving will happen next spring, and I do believe in a bull run starting at some point in 2024; I just don't think it's because of halving.
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MFahad
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July 09, 2023, 06:53:11 PM |
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Yes bitcoin will gain enhancement in price during halving but that enhancement will be temporary because people will prefer to sell bitcoin and get benefit instead of holding it more so eventually this will results in price decrease. People are waiting for havling that as halving occurs so they will reap the benefit but who knows that on which date it will occurs?
It will takes times to recover back once the price reduces because of volatile nature but these all are just opinions and estimation but happening in future is not known yet. Now the price will increases and it will persist higher until halving as these days the demand is higher for bitcoin and demand has greater impact on Bitcoin's price.
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nurilham
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July 09, 2023, 09:05:52 PM |
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When Binance and Coinbase were sued by the SEC Institutions should be afraid, but why are institutions the other way around? institutions even apply for licenses to their respective regulators, and instead open a digital asset service?
It is not the first time Binance or Coinbase got a problem with SEC. We aren't surprised that SEC sued some top exchanges, they may have own purposes to do that. True, the institution should stay away from crypto business, on the contrary they try to have own digital services lately. We don't know what's happening with them, they may see something that can take a big advantage for them. And if the institution has entered, the pump should have happened, especially when it coincided with halving in 2024. Right?
The pump already happened, but it won't suddenly give a significant impact on BTC price. However, it should motivate more the investors to hold more their bitcoins. By the way, it is not the first time to see this kind of news, EL Salvador already did it first, they even makes Bitcoin to be a legal tender. So, it is not really surprising about the institution to join crypto business. Are the bitcoins on the market becoming scarcer? plus, because there will be a halving? and that means potentially Bitcoin will become more expensive as it becomes scarcer, and more numerous
Even if the institution don't join crypto, Bitcoin is always getting scarcer. There will be more people to lose their Bitcoin with varied reasons, that makes Bitcoin becomes scarcer. Sure, this makes Bitcoin to more expensive in the future.
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flyingcarpet
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July 09, 2023, 10:31:45 PM |
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I think Bitcoin ETF applications happen pretty regularly, but as they always end in a rejection, they aren't covered by the news a lot. The SEC suing big crypto companies can motivate some companies to try obtaining a licence from them, as they probably want to make sure they're not going to be sued. Turning to halving, opinions vary whether it actually makes a difference, but people often cherry-pick the evidence, sometimes choosing to focus on what's before the halving or something well after the halving, and linking the price changes to it. That being said, halving will happen next spring, and I do believe in a bull run starting at some point in 2024; I just don't think it's because of halving.
The SEC cannot sue every company or institution. Therefore, it may resort to different methods. This causes different air blowing in the market constantly. I think next year could be a bull run. The halving will have an impact on this bull, but as you say, the entire impact will not belong to the halving. There is a plan that people generally anticipate and invest in. Thanks to these plans, bitcoin will rise. I don't have a guess as to how much it will increase, but it will happen in 2024 or 2025 at prices many expect.
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Asuspawer09
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July 09, 2023, 10:52:42 PM |
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When Binance and Coinbase were sued by the SEC Institutions should be afraid, but why are institutions the other way around? institutions even apply for licenses to their respective regulators, and instead open a digital asset service?
And if the institution has entered, the pump should have happened, especially when it coincided with halving in 2024. Right?
So, when institutions come in, and their bitcoins are custodied by them. Are the bitcoins on the market becoming scarcer? plus, because there will be a halving? and that means potentially Bitcoin will become more expensive as it becomes scarcer, and more numerous less?
I'm sure many of the seniors in this forum know more about what happened and what will happen, therefore I beg the seniors to give a little knowledge and experience to us newbies, Really appreciate your discussion, Thanks.
I mean most of these cases did happen before and most people think that it's serious and it's different from that time, so Bitcoin might be in a bad situation at that time but most of the time it doesnt seem to change anything. Bitcoin halving is going to happen soon, but is it going to impact the market, probably yes Since it is a huge event on Bitcoin most of the time Bitcoin halving is a big hype if we're going back to the past Bitcoin halving we can see the market price skyrocket on the Halving getting from a 1000$ then gets double to 2500$ last 201, after that we already see the price skyrocket to 56k$ one year after the bitcoin halving on 2021. We notice that there was some delay on the pump after but we can notice that after one year of the Bitcoin halving the halving seems to get hype and skyrocketed, So if we're going to project that to the next Bitcoin halving in 2025 we could maybe expect the next bull run if we're going to rely on the halving timeline.
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serjent05
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July 09, 2023, 10:54:47 PM |
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And if the institution has entered, the pump should have happened, especially when it coincided with halving in 2024. Right? (....)
I'm more positive about the event of Bitcoin having a block halving next year because, for the past years and past Bitcoin block halving, it became an indicator over time for every Bitcoin bull market. Every before Bitcoin block halving happens, we can see the price of Bitcoin is starting to climb. Which for me, I agree that next year is the market will favor to Bitcoin. I also think that the next Bitcoin block halving will trigger another bull run that can record another ATH. Since the 4-year cycle pattern of Bitcoin always happen, it is also believed that this block halving will be able to repeat its history and the market will experience a price increase after the halving. I think Bitcoin ETF applications happen pretty regularly, but as they always end in a rejection, they aren't covered by the news a lot. The SEC suing big crypto companies can motivate some companies to try obtaining a licence from them, as they probably want to make sure they're not going to be sued. Turning to halving, opinions vary whether it actually makes a difference, but people often cherry-pick the evidence, sometimes choosing to focus on what's before the halving or something well after the halving, and linking the price changes to it. That being said, halving will happen next spring, and I do believe in a bull run starting at some point in 2024; I just don't think it's because of halving.
The SEC cannot sue every company or institution. Therefore, it may resort to different methods. This causes different air blowing in the market constantly. SEC has the power to do so, it is much easier for them to sue the company and institution that believes in BTC than make a move that will discredit Bitcoin.
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qwertyup23
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July 09, 2023, 11:19:41 PM |
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Given on the price history of BTC every halving, there is a fat chance that its price would increase on the market. This is also the reason on why majority of the people consider the halving as a blessing since investments would reap, thereby benefiting everyone who has BTC at their disposal. By basing it purely on history, BTC halving made the price of BTC higher on the market. However, it is important to understand what the halving actually means. According to this website1, bitcoin halving means: After the network mines 210,000 blocks—roughly every four years—the block reward given to Bitcoin miners for processing transactions is cut in half. This event is called halving because it cuts the rate at which new bitcoins are released into circulation in half.This means that the rewards that miners would receive would be cut into half due to the limited amount of supply of BTC that are yet to be mined. With this, it is naturally normal for the price of BTC to increase given the said event.
1 https://www.investopedia.com/bitcoin-halving-4843769
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Magic-Money
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July 10, 2023, 09:57:30 AM |
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Bitcoin halving is the session of Bitcoin to skyrocket in price, like wise other alt-coins in cryptocurrency market, base on the history during the Bitcoin having the price normally pump and money also flow into cryptocurrency market which add advantage to many other alt-coins by adding liquidity towards with a very high trading volume.
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CryptocurencyKing
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July 10, 2023, 10:14:06 AM |
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SEC sued Binance and Coinbase, but not that the exchanges collapsed. If those two exchanges can collapse at once, bitcoin price will reach $20000 or below very soon. Bitcoin is not affected because it is an opportunity for people to buy more and for those that have not bought before to buy.
Apparently that what we get to observe due to panic and this would be much propagated due to the fud that would follow afterwards as people would begin to ask themselves, who's next? If the giants could have been taken down, what would be the case for the not so popular or patronised exchanges? Its a good thing we didn't get to find out as the case didn't turn out to be something way too serious. Come halving, records has always have it that, the bulls come in to take price to the next ATH, you won't be wrong in expecting history to repeat itself.
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Nrcewker
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July 10, 2023, 10:20:16 AM |
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Yes Bitcoin’s price definitely increases when there is scarcity of bitcoins. You need to understand that bitcoin follows the policy of supply and demand. So as we know that bitcoins or limited in number, that is no more Bitcoins can be created more. Hence, if there is scarcity or more demand to acquire the bitcoins then the price will automatically go up. So yes, sometimes then Bitcoins experience more price increase during the halving.
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