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Author Topic: Count down to Bitcoin halving.  (Read 587 times)
CryptSafe (OP)
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December 08, 2023, 10:41:17 AM
 #1



As the count down to Bitcoin halving continues I feel I should put it up here for all to see and take every necessary and relevant steps to fill their bags as time permits. As we all know when ever Bitcoin halving is around the corner, there is always a surge in Bitcoin price from its current price to a higher one. As it stands now, we all know that the Bitcoin market is heading for a bull because of lately, there have been increase in Bitcoin price which has been long expected by the Crypto community.

Hopefully, this forth coming halving would trigger a new all time high as the case maybe and as such the market is still early to enter. While doing this, use funds you can afford to lose as no one can predict the direction of the market.

It would also be nice to keep track of the halving count down and activities and to do that, the link below can help you out by taking you to the coin market cap page where it is visible to see.


https://coinmarketcap.com/

Click on the Bitcoin halving at the front page, there you would see the halving details.

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December 08, 2023, 10:56:38 AM
 #2

If you look at previous history, halving and its influence on Bitcoin price spikes are indeed true. However, this also cannot be the next benchmark. Why do I say that, because the current supply of bitcoin is already and is almost approaching 21 million, maybe there are only 2.5 million left for all the bitcoin supply to be on the market. Of course, the influence of the halving is no longer very significant on price increases. And only mass adoption and use in the real world can influence prices because the more bitcoins are bought or used, the more demand there will be.


I'm sure this time Bitcoin's halving will still be able to print ATH.

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Jegileman
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December 08, 2023, 10:58:03 AM
 #3

As the count down to Bitcoin halving continues I feel I should put it up here for all to see and take every necessary and relevant steps to fill their bags as time permits. As we all know when ever Bitcoin halving is around the corner, there is always a surge in Bitcoin price from its current price to a higher one. As it stands now, we all know that the Bitcoin market is heading for a bull because of lately, there have been increase in Bitcoin price which has been long expected by the Crypto community.

There is a lot of panic amount people that are willing to stack up their bags ahead of the bitcoin halving that is coming up and the bull run that is expected to also take place and mark a new all-time high of bitcoin. FOMO shouldn’t make anyone to borrow money or use money for other important purpose and put into bitcoin. Bitcoin is said to be volatile but can make you rich in the long term if you save ahead for the bull run.

At the moment, bitcoin have been on an uptrend but don’t make FOMO to make a mistake to invest when you’re not ready for it. Take your time, use DCA to keep accumulating. Even after the halving is not still a bad time to invest as bitcoin wouldn’t have marked a new all-time high yet. It is better to invest steadily without a cut rather than investing and still taking out of the investment to solve personal financial issues again.

Quote
Hopefully, this forth coming halving would trigger a new all time high as the case maybe and as such the market is still early to enter. While doing this, use funds you can afford to lose as no one can predict the direction of the market.

The market direction can’t be predicted, but when investing in bitcoin using the term “what you can afford to lose” shouldn’t be attributed to bitcoin but rather “what you can afford to invest for the long term”. Bitcoin investment is proven to be profitable in the long run, so that term doesn’t befit bitcoin investment more but it can be used for altcoins that mostly don’t make it in the long run for profitable investment.

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December 08, 2023, 11:04:44 AM
 #4

It’s always a trend that when bitcoin halving occurs the bitcoin price increases and always surpasses the exiting ATH. There are many halving count down timers on different site, timers are usually not correlated or exactly correct because of the divergence in the time used to mine a block. So as such the only genuine or accurate timer is that the halving period happen, 210,000 blocks apart from each other and the next halving is at block 840,000. The time usually varies but the difference isn’t that much from the ones calculated from by this timers except if there is a huge hashrate changes which will still need to Happen every 2016 blocks since the difficulty target will adjust each of those time.

Here are some of the timers on different sites

1. BuyBitcoinWorldwide - 2 April, 2024
2. Binance Academy - 30 April, 2024
3. Gate.io - 3 May, 2024
4. CoinGecko - 4 May, 2024
5. BitcoinBlockHalf - 4 May, 2024
6. Nicehash  - 31 May, 2024
7. CoinmarketCap - 1 June, 2024
8. CoinWarz - 3 June, 2024


Although after the halving the price is expected to increase but no one is so sure of when, and say such my advice to investors entering their first halving is to never buy more than they can afford to hodl for long time. Do not get carried away with greed of price increase and invest too much. The trend could change this time around and we might not see any change of price significantly for almost a year or even more.

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SquirrelJulietGarden
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December 08, 2023, 11:05:55 AM
 #5

As the count down to Bitcoin halving continues I feel I should put it up here for all to see and take every necessary and relevant steps to fill their bags as time permits.

https://coinmarketcap.com/

Click on the Bitcoin halving at the front page, there you would see the halving details.
There are many halving count down timers but they are all estimation tools. You can feel curious about when halving will happen but don't worry because around the halving block, you will see many news on big websites like Coindesk, Cointelegraph, Coinbase, social media and even in bitcointalk.
Most Reliable Halving Countdown?

Quote
Hopefully, this forth coming halving would trigger a new all time high as the case maybe and as such the market is still early to enter. While doing this, use funds you can afford to lose as no one can predict the direction of the market.

It would also be nice to keep track of the halving count down and activities and to do that, the link below can help you out by taking you to the coin market cap page where it is visible to see.
Usually Bitcoin will need like 6 to 9 months after a halving to make its all time high. It can make it quicker or slower this time but if you have it in mind, you will be able to take profit around all time high price.

I know investment relates to time and each investor will have different waiting time for investment plan. If you can have your plan for like 2 or 3 halvings, you will get massive profit. If you want to do it, you must not use all money for investment and need to have cash to use as well so that you won't have to sell your bitcoin.

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December 08, 2023, 11:52:12 AM
 #6

The historical trend suggests a potential surge in prices. While it's an exciting time for the market, it's equally important to approach it cautiously. Only invest what you can afford to lose, as market directions can be unpredictable. Tracking the halving countdown and related activities is a wise move.
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December 08, 2023, 12:13:01 PM
 #7

Based on coinmarketcap site, bitcoin halving time countdown left 140 days and without four months later we are celebrating bitcoin halving and most excited will new all time of high of bitcoin price record happen again? Always have good side of halving time because bitcoin potential will raise to higher price and left 140 days before halving we can see bitcoin up drastically.
Have some opinion with before halving not positive side with bitcoin will raise and need several months later after halving but for this halving time I sure bitcoin will raise up before not after halving. My prediction one month left before halving bitcoin have chance raise above $55,000 looking current bitcoin price today.

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December 08, 2023, 12:15:56 PM
 #8

The historical trend suggests a potential surge in prices. While it's an exciting time for the market, it's equally important to approach it cautiously. Only invest what you can afford to lose, as market directions can be unpredictable. Tracking the halving countdown and related activities is a wise move.
All time highs, highest price each year show prices when people are most FOMOing and corrections after that show panic around the market.

To see the price growth of Bitcoin, see how it sustainably grows with time, people must be enlightened and see a picture with lowest price for each year, each cycle. Lowest prices show us a reality that when the market is most boring and most of people are panic, it still shows a steady growth trend.

Yearly candles can help you to see the steady trend with Yearly lowest price (bottom of each yearly candle)

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December 08, 2023, 12:17:57 PM
 #9

The timer is inaccurate and predicts base on time, but this prediction cannot be accurate, or at least to an error standard of hours, and the error may extend for days, so watching and tracking the history of Bitcoin halving is useless because it is the timing that is predicted and because its effect on the price is long-term. Therefore, even after several months of halving, the price may be in a good range that enables you to easily double your money before we reach ATH next year.

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December 08, 2023, 12:32:10 PM
 #10

As the count down to Bitcoin halving continues I feel I should put it up here for all to see and take every necessary and relevant steps to fill their bags as time permits. As we all know when ever Bitcoin halving is around the corner, there is always a surge in Bitcoin price from its current price to a higher one. As it stands now, we all know that the Bitcoin market is heading for a bull because of lately, there have been increase in Bitcoin price which has been long expected by the Crypto community.

There is a lot of panic amount people that are willing to stack up their bags ahead of the bitcoin halving that is coming up and the bull run that is expected to also take place and mark a new all-time high of bitcoin. FOMO shouldn’t make anyone to borrow money or use money for other important purpose and put into bitcoin. Bitcoin is said to be volatile but can make you rich in the long term if you save ahead for the bull run.

At the moment, bitcoin have been on an uptrend but don’t make FOMO to make a mistake to invest when you’re not ready for it. Take your time, use DCA to keep accumulating. Even after the halving is not still a bad time to invest as bitcoin wouldn’t have marked a new all-time high yet. It is better to invest steadily without a cut rather than investing and still taking out of the investment to solve personal financial issues again.

Quote
Hopefully, this forth coming halving would trigger a new all time high as the case maybe and as such the market is still early to enter. While doing this, use funds you can afford to lose as no one can predict the direction of the market.

The market direction can’t be predicted, but when investing in bitcoin using the term “what you can afford to lose” shouldn’t be attributed to bitcoin but rather “what you can afford to invest for the long term”. Bitcoin investment is proven to be profitable in the long run, so that term doesn’t befit bitcoin investment more but it can be used for altcoins that mostly don’t make it in the long run for profitable investment.
FOMO here and thee. So many topics regarding bitcoin and the halving and also what would be the outcome of bitcoin after the halving. Seems no one is talking about the acceptance of the Bitcoin ETF we are expecting next month. Or have we lost hope that the application would not be accepted? However, only those who have not bought bitcoin earlier this year or last year would be panicking this period and struggling to buy even if it is a small amount. There have been awareness advising people to buy bitcoin since last two years and people took the advantage and got prepared for it while some persons where ignorant and did not buy. I would be here to see people that will benefit and be happ. Also ill not miss to see those who will regret because they did not participate earlier.

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December 08, 2023, 12:41:00 PM
 #11

Thank you for this, after all, it will help the new ones in the crypto space and those who are new to BTCT. Yet, I implore everyone not to go for a specific halving time, there are slightly days different in many places, so it's wise not to believe it's going to be a particular day.

Also, halving itself is not the reason why people buy cryptocurrency but the sentiment that is attached to it, this is why it will might not make Bitcoin achieve any tangible bull run on that day, nonetheless, the post effects will happen most weeks and months after. There are pre-halving effects also, which is partly what we are seeing now in the Bitcoin market, more is to come or not come, and I believe that it would be fine if we plan our trading and investments appropriately. But for the fact that Bitcoin is almost $45,000 even before the halving of 2024, I wonder what would happen after the halving next year.

A situation like this has never happened with all the past charts I've ever studied about it and the halving subject, only time will tell us what will happen with the coin this time.

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December 08, 2023, 01:10:56 PM
 #12

It would also be nice to keep track of the halving count down and activities and to do that, the link below can help you out by taking you to the coin market cap page where it is visible to see.


https://coinmarketcap.com/

Click on the Bitcoin halving at the front page, there you would see the halving details.
Is any link needed? Probably some newbies can see it useful. As for me, I do not need to see those halving link, there are many of them online.

What I do is to track the block. The block to halving is block 840000, we are on block 820261 now. In April next year, there will be halving at block 840001 if 10 minute block reward is used to calculate it. It is as easy as that.

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December 08, 2023, 01:48:06 PM
 #13

In April next year, there will be halving at block 840001 if 10 minute block reward is used to calculate it.
The block reward will be halved at block number 840000 not 840001.
In other words, the block number 839999 will be the last block in which 6.25 new bitcoins will be generated and the block number 840000 will be the first block in which 3.125 new bitcoins will be generated.

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December 08, 2023, 01:59:47 PM
 #14

If you look at previous history, halving and its influence on Bitcoin price spikes are indeed true. However, this also cannot be the next benchmark. Why do I say that, because the current supply of bitcoin is already and is almost approaching 21 million, maybe there are only 2.5 million left for all the bitcoin supply to be on the market? Of course, the influence of the halving is no longer very significant on price increases. And only mass adoption and use in the real world can influence prices because the more bitcoins are bought or used, the more demand there will be.


I'm sure this time Bitcoin's halving will still be able to print ATH.
I very well agree with you on this,  because the current Bitcoin supply is well enough to accommodate the current Bitcoin market demand and at that, just 2 million plus left Bitcoin can only make no significant effect on Bitcoin price so for sure we may have to wait longer after the bitcoin halving to see the next Bitcoin all-time high price and also we have to wait 6-9 months after bitcoin halving in the last before recording all-time high,  but now I don't know how that may be now that the current unmind Bitcoin is very low.

But let's see how all that goes because according to the timeline it is expected to see the block divide around April so for that the current Bitcoin state where the market is showing bullish sentiments.
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December 08, 2023, 02:10:48 PM
 #15

It would also be nice to keep track of the halving count down and activities and to do that, the link below can help you out by taking you to the coin market cap page where it is visible to see.

Bitcoin Halving is definitely coming next year and we are precise about it, this is a period where the market goes more profitable because it's highly volatile after the incident of the halving has taken place, when we hold, we are part of those positioned to experience the same opportunity that comes with bitcoin Investment to this period, we are likely to see it coming within the first half of the year 2024 and am not sure if the specific date is yet announced where it will took place precisely.
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December 08, 2023, 02:14:56 PM
 #16

Bitcoin Halving is definitely coming next year and we are precise about it, this is a period where the market goes more profitable because it's highly volatile after the incident of the halving has taken place, when we hold, we are part of those positioned to experience the same opportunity that comes with bitcoin Investment to this period, we are likely to see it coming within the first half of the year 2024 and am not sure if the specific date is yet announced where it will took place precisely.
This halving seems to be very interesting with rumor that Bitcoin Spot ETF applications from companies in the USA. will be approved in bulk. The matter is will SEC. approves those applications and rumor is if SEC make approval, it will not be for a single application, one by one, but will be in bulk to give fair competition for those companies that submit their applications to SEC.

I believe without Bitcoin Spot ETFs in the USA. Bitcoin will have its bull run with effects from halving. Bitcoin Spot ETFs will only be catalyst for the bull run but it is not most important contributor for it. I like others, want to see Bitcoin Spot ETF approvals.

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December 08, 2023, 02:22:54 PM
 #17

we are likely to see it coming within the first half of the year 2024 and am not sure if the specific date is yet announced where it will took place precisely.
Announced? Who should announce that?

Take note that there is no way to know the exact time of halving and there is nothing to be announced.
All we know is that the halving will be at block number 840000 and we can only have estimates on when that block will be mined.

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December 08, 2023, 02:23:30 PM
 #18

It would also be nice to keep track of the halving count down and activities...
A countdown runs to zero, it indicates an action is meant to take place after the countdown elapses. What is the countdown meant for? Keeping track of when the halving is meant to happen can help you maintain discipline and stay more committed to gathering more bitcoins for yourself since you know how limited the time is. But should the Halving be the target to hold bitcoins up to? NO!

There is a life after the halving, a life where bitcoins will still exist, we also have to plan on what action we will take during the halving to ensure we still have bitcoin after.

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December 08, 2023, 03:18:01 PM
 #19

It would also be nice to keep track of the halving count down and activities...
A countdown runs to zero, it indicates an action is meant to take place after the countdown elapses. What is the countdown meant for? Keeping track of when the halving is meant to happen can help you maintain discipline and stay more committed to gathering more bitcoins for yourself since you know how limited the time is. But should the Halving be the target to hold bitcoins up to? NO!

There is a life after the halving, a life where bitcoins will still exist, we also have to plan on what action we will take during the halving to ensure we still have bitcoin after.

Count down usually is of good importance because that looks like a reminder of a particular event to occur at a particular time as the case may be. Bitcoin halving is an event as you have said and very much important in the Bitcoin community but however, that does not really mean it to trigger a spike in Bitcoin price but probably it could be that way. So many enthusiast would take the opportunity of bagging more with the mindset of price increase which does not happen instantly.

I think you have an idea In your last paragraph of life after Bitcoin and this is what people don't realise till the halving is over and they fail to plan and prepare for the aftermaths of the halving.

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December 08, 2023, 04:11:17 PM
 #20

The prediction of the halving is from April 2024 and the time is still far but we can accumulate more to our portfolios. It is good that you remind us the forthcoming halving and also encouraging us to buy and store Bitcoins for the bull run that is coming. For now the price slow in the rising side and the reducing side unlike the past few days when the price was skyrocketing and it was making people to be smiling and others were angry because they have not gotten enough.

That what all are waiting for. The new all time high will be the time many will sell their Bitcoin and settle scores with debtors and bills. New millions will be made.









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