adultcrypto (OP)
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There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?
I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.
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thecodebear
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July 30, 2023, 08:15:35 PM |
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The halving is always what draws new money in. It's not like magically every four years like clockwork lots of people decide to start putting money into Bitcoin for random other reasons, the halving is always the reason. Or more precisely, the halving brings in a bunch of new money which increases the price and then a bunch of new people bring in a lot more money purely for speculation because they see the price going up, and that second wave of money is what causes the crash afterwards because they are the people who don't know what they are doing and get scared and sell as soon as the price starts dropping.
The halving is what brings in new money which is what leads to the bull market every four years.
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stomachgrowls
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July 30, 2023, 08:30:27 PM |
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There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?
I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.
Just put up into your mind that, if we do able to reach out $69k price ATH wayback into past bull run, how much more on the upcoming one? We might be seeing about having no fresh new capital or new money that might flowed into crypto space but come to think that fiat could be unlimitedly be printed. . Institutions and lots of huge investors are really just lurking in the shadows and just waiting for the right moment to get in. We know that halving event is really a common trigger on having that bull run and this is why if ever you do have some doubts about potential price spike into those times then i cant blame you. You would normally be having or creating these kind of impressions basing up on the current market conditions that we are seeing on which doubts and hesitance about the upcoming bull run would really be there and foreseeing that it might not happen anymore this time. We cant just really that underestimate the investors around, it might look they might not be there anymore but on the time comes then for sure we would really be getting shocked and make out questions on where the hell those money came from.
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South Park
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July 30, 2023, 09:26:08 PM |
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There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?
I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.
It is not that complicated, the rise on the price of bitcoin should be caused at the early stages by the miners, once the halving takes place they will receive less bitcoin for each block they mine, so in order for the miners to keep themselves on business they need to increase the price at which they sell their bitcoin, this causes the slow increase on the price we see at the earliest stages of the bull season, then once this growth passes a certain point investors and speculators begin to invest in this market driving the price up, which later brings retail investors and finally newbies to the mix.
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adaseb
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July 30, 2023, 09:36:12 PM |
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He is correct in some sense. You hear these numbers such as $1,000,000 per Bitcoin. But guess what there needs to be people out there willing to pay that much for a Bitcoin to bring it to those levels.
Take dogecoin for example. The amount that is mined per month is like half a billion if the price is $1 per doge. And why it’s price wasn’t sustainable at $0.70 when Elon was pumping it. People need to understand how market cap is important. Easier to take a million dollar cap coin up than it is taking a billion dollar coin up.
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goaldigger
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July 30, 2023, 09:48:51 PM |
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Bull market came from fresh money as the investors are coming back and you can expect this to happen with Bitcoin. There’s a lot of investors who are into altcoins but the moment Bitcoin started to be hyped, I’m sure investors will also start to convert their altcoins to Bitcoin. Reaching that peak requires a huge volume of buyers, and investors will come at the right time in the market so be more patient and the bull will soon begin.
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Franctoshi
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July 30, 2023, 09:55:32 PM |
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There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such an explosive price. In other words, the halving might be just a small reason - what we need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?
I think an answer to these questions and other contributions or objections to my opinion will help a lot of us learn.
Just as we are all optimistic about the future price of Bitcoin, there is one thing that has happened in the past bull markets that made Bitcoin see those tremendous increases in price during the previous bull cycles was that the Federal Reserve was in a continuous printing of money which is not happening now, right now, Fed is removing liquidity which we don't know if they going to continue towards next year which happens to be next Bitcoins having which might affect how far that the price might go.
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taufik123
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July 30, 2023, 10:54:30 PM |
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To be able to increase the volume of Bitcoin, of course, there must be many investors who start getting into Bitcoin. When the Halving will occur and Bitcoin has started Hype, we will see the inflow to Bitcoin will be even higher. The new money will come in from several new investors with quite a large amount. We are all optimistic that Bitcoin will reach ATH when Halving 2024 and reaching an ATH price of $100k is expected. See how Bitcoin is currently dominating, it's still at 47.51%. To achieve a new ATH Bitcoin Domination is around 60%-70% and that will make Bitcoin the main focus because the Hype has arrived. Source: https://coin360.com/Then it needs New Adoption and some good news for Bitcoin so that everyone is on Bitcoin. We will see How After the Bitcoin Halving Happens, Expect Bitcoin to see a significant upside.
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hatshepsut93
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July 30, 2023, 11:22:22 PM |
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If Bitcoin market is determined by speculative traders, it can rise and fall even without an influx of new money. The price can rise when speculators refuse to sell, waiting for growth, and buy more. But eventually they will sell and crash the market. This could mean that over a long period the average price will be constant, but there will be bull-bear cycles with huge ups and huge downs.
I think the potential for new money in Bitcoin is fairly limited, because most of the world views Bitcoin as a risky and volatile investment. People tend to take risks if they are convinced that it's a good risk. It's hard to do so with Bitcoin.
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buwaytress
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July 31, 2023, 02:01:00 AM |
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Something I do ask myself each time we expect a rally: where will this cash come from?
For retail, disposable income only happens if there is no economic crisis -- even Covid itself wasn't so bad with most buyers spending relief money -- those who didn't get it or who suffered weren't Bitcoin buyers anyway. But the still-rising inflation and yet-known crisis impact worries me. Then again, maybe retail is no longer important. Institutionals? They never have issues raising cash. You've got free fit printing, magical debt creation, liquidation of other assets, and oh, even made-up stablecoins. That could all flow into Bitcoin.
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Fundamentals Of
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July 31, 2023, 02:30:44 AM |
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That's true. If Bitcoin is to rise high, there is of course a need for new money. But I don't think that's a problem. Institutions are now here. They're now becoming vocal of their support regardless of the seemingly unfriendly stance of regulators. That's a big deal. They're now showing openly that they recognize Bitcoin as a legit asset or a new investment class. As a currency, the adoption is also moving forward.
The halving is anticipated because new supply will now be scarcer. So even if the demand is not growing terribly high, since the amount of new supply injected into the circulation is cut into half, there will definitely be a change in the price.
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Don Pedro Dinero
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July 31, 2023, 03:31:27 AM |
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The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?
Halvings reduce the supply of new bitcoin, so assuming a more or less constant demand, the price tends to rise. It is like a snowball that makes bitcoin be perceived as more valuable and people are willing to pay more for the same amount. This has happened in previous halvings and we assume it will happen in the next ones, the only thing is that the reduction in supply will have less and less effect on the price proportionally.
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justinlamode
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July 31, 2023, 09:21:18 AM |
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The halving is always what draws new money in. It's not like magically every four years like clockwork lots of people decide to start putting money into Bitcoin for random other reasons, the halving is always the reason. Or more precisely, the halving brings in a bunch of new money which increases the price and then a bunch of new people bring in a lot more money purely for speculation because they see the price going up, and that second wave of money is what causes the crash afterwards because they are the people who don't know what they are doing and get scared and sell as soon as the price starts dropping.
The halving is what brings in new money which is what leads to the bull market every four years.
I agree with you that the halving brings new money as the news of any sharp rise in price will be all over the place and people actually buy the news. What I only find disturbing is how Bitcoin could move to a high of $69k and drop to as low as $16k.You will agree with me that it take a strong believer not to fidget and that is what I think the author is point to; how to ensure that huge gains made by Bitcoin is sustained and corrections will not be so deep as to depict a failure. But in all, Bitcoin have always come out stronger and better and the future holds so much promises.
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Odohu
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July 31, 2023, 12:45:32 PM |
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Something I do ask myself each time we expect a rally: where will this cash come from?
For retail, disposable income only happens if there is no economic crisis -- even Covid itself wasn't so bad with most buyers spending relief money -- those who didn't get it or who suffered weren't Bitcoin buyers anyway. But the still-rising inflation and yet-known crisis impact worries me. Then again, maybe retail is no longer important. Institutionals? They never have issues raising cash. You've got free fit printing, magical debt creation, liquidation of other assets, and oh, even made-up stablecoins. That could all flow into Bitcoin.
You captured the views of the OP correctly as your concerns are in line with what I understand to be his/hers. Bitcoin has obviously gone to institutional level and there is no doubt institutional funds are what is driving the market at present. Nevertheless, the uncertainty in the global financial systems such as domineering moves by the west, resistance by BRICS nation and others might actually present Bitcoin as a suitable alternative to many international investors as opposed to the secular believe in gold.
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michellee
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July 31, 2023, 01:16:13 PM |
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New money means new or old investors enter the Bitcoin market. It will happen before the bull run arrives. And that new money will enter the market when there is a lot of positive or negative news around the crypto market. And when people see it as an opportunity to buy Bitcoin, they will start buying Bitcoin, especially if the price is still low like it is now.
There is usually a trigger for new or existing investors to enter the market but we probably won't be able to find it exactly. Many things make new or old investors start investing in Bitcoin and one of them is the low price of Bitcoin.
And the halving can also be a trigger for the entry of new and old investors. And if they see that the halving is getting closer, they will start aggressively buying Bitcoin because they don't want to miss the bull run. After all, it means they can expect to make big profits. Maybe I'm wrong on this, so forgive me.
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Lucius
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July 31, 2023, 01:19:26 PM |
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In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin?
Until now, halving has been a very important factor when we talk about price increases, and probably the halving effect will not be absent the next time it happens either. Fresh money will flow into BTC just like every time, and maybe this time investing will be even easier for institutional investors who will have at their disposal a spot BTC ETF, of course we are talking about the US market. Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?
I think that the halving is one opportunity for profit that no one wants to miss considering that it happens every 4 years, in fact it is the only sure thing that investors can rely on. And as for money, there is quite enough of it that is not actually invested anywhere and is just waiting for the right moment. Most of those who have profited from BTC in the past will surely be able to recognize that moment again.
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Asuspawer09
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July 31, 2023, 02:46:02 PM |
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There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?
I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.
To be able to reach that market price of around 100k dollars we definitely need a lot of money that is needed to be poured into Bitcoin, at the moment the money was just us small traders and we actually did a great job increasing the market price of bitcoin of around 30k dollars and we notice that the price remains around that range, there was some resistance and it wouldn't increase or decrease around 29k$-31k$ and in my opinion, it's a great sign already. You are right about that, it is going to be a huge amount of money, so we need billionaires, companies, institutions, government money, etc, one thing here that could be a catalyst is when the government starts to print money again, that just means that there is more money than can be put on cryptocurrency or Bitcoin that could easily spike the price of Bitcoin. Im is optimistic about it as well because there are still a few people in the world who know Bitcoin if I'm not mistaken it is less than 5% of the world population, and if I'm going to base it on Bitcoin adaptation in the past year the Bitcoin really is adapted on a lot more countries, companies, businesses, etc. Just based on that I could easily assume that the coming Bullrun is going to be bigger than the last Bullrun.
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stompix
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July 31, 2023, 02:58:43 PM Merited by buwaytress (1) |
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It is not that complicated, the rise on the price of bitcoin should be caused at the early stages by the miners, once the halving takes place they will receive less bitcoin for each block they mine, so in order for the miners to keep themselves on business they need to increase the price at which they sell their bitcoin,
Asking as a miner, how the hell do we do this because if you know the way we're going to pump it right now! Something I do ask myself each time we expect a rally: where will this cash come from?
From the recession bruh! The bankrupt companies, the people who lost their jobs and savings, the banks with no money, the investors left penniless from the stock market crash, the war refugees who fled with their families and two pairs of socks, all of them will throw their money at bitcoin. Anyhow, people should not forget that even after the halving if the price will be 100k per coin you will need money invested daily to offset the mined coins. Last 24h it was $31,294,399.12 , with coins at 100k and half the reward as how you would still need $45 million daily!
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Aanuoluwatofunmi
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July 31, 2023, 06:50:53 PM |
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While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. Bitcoin is not minted the way fiat was, you can't expect using money to print in new notes in fiat to be the way bitcoin is being created or valued, mining is the process, volatility is the requirements, demand ad supply is the means. How could you have come about this conclusion, I don't know where you've got this your own idea from. In other words, the halving might be just a small reason - Halving is not a small reason by any means here, it's very important to depend on this until the entire 210,000 blocks were mined, while demand and supply remain constant for it volatility and market value
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BitcoinPanther
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July 31, 2023, 08:16:00 PM |
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There are a lot of speculations around the future and price of Bitcoin. While a lot of people are optimistic that the halving of 2024 will see Bitcoin soar as high as $100k and beyond, I feel new money is needed to sustain such explosive price. In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand.
I think an answer to these questions and other contributions or objection to my opinion will help a lot of us learn.
I highly agree that new money is need to be injected to the market to be able for Bitcoin to reach a new high. If there is now money coming in on the Bitcoin market, we can only see BTC slowly declining in price because of the continuous influx of new mined coins. Bitcoin market needs really new capital, reason why there is a need for a consistent adoption to maintain the price range. Hype can help to convince people who already invested on Bitcoin to pour more money but it is not sustainable because one way or another these people are going to cash out for profit. The tough question is: How will new money flow into Bitcoin? Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price? A massive adoption either by individual or institution can be the source of the new funds needed for Bitcoin surge. This is also one of the reason why developers or holders that invested a huge amount of money integrate Bitcoin in their business, create apps and promote Bitcoin so that Bitcoin will have newcomers to inject fund in the Bitcoin market creating demand pressure.
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