112 days waiting for bitcoin halving!!

[Tytanowy Janusz]

I agree that the inflation or should I say the volatility rate of bitcoin is reducing drastically as time moves on, and yes the price of bitcoin increasing will not be as high in percentage as the previous raise. But my point is each halving has been the driving tool for bitcoin to increase in price although I don’t see the forthcoming bull to increase bitcoin price more than 3x from the current ATH.

[...]

Again 3 times of a thing happening out of many doesn’t mean it will be like that, but three is no stats to prove what will happen in future rather we hold on to the reality that each halving is what drives bull run.

loose correlation does not imply causation. It's not like the price starts rising 1 day after halving because the fundamentals have changed. The price pumps hundreds of days before the halving, without any fundamental reason, and accelerates after the halving. What's more, there is also a thesis (although this is a less popular approach) describes bitcoin's growth cycles after the presidential elections (which, surprise, also happen every 4 years).


Every 4 Years a President Is Elected and Bitcoin Moons

At the moment, a loose correlation is confirmed, and the decreasing influence of the halving fundamentals makes me bealive that sooner or later Wall Street whales will play against it by reversing halving cycles (dump after halving).
93% of bitcoins have already been mined. The remaining 7% have no real power to pump the rest. In my opinion, ETF, interest rates in the USA, the risk of conflict in Taiwan, the course of the war in Ukraine, the Israeli conflict and even the situation in Guyana have a greater impact on the bitcoin price.

[1714582226]

1714582226

[KingsDen]

I am prepared and patiently waiting for the big day when bitcoin will return to the hype and the mainstream media, I can already imagine some news presenter saying: Bitcoin reaches a new historic high, today it is priced at 100,000 dollars!

In the future when the mining reward is less than 1 BTC per block, it will be very interesting.

That media hype is the reason for the continuous growth of the bitcoin price. Forget about the halving and it's effect, it is the FOMO that pushes bitcoin price to an unimaginable height. Just imagine that bitcoin clicks 50k today, you will see many posts on the social media hyping bitcoin to a new ATH. When bitcoin eventually reaches $70k, you will see many adverts and posting telling people that they are about to miss out on the greatest opportunity to become rich. This continuous buy, will further push the price to $100 and when it gets to 100k, you will be surprised that there will be projection of $1M

The newbies who keep joining the moving train are the people that pushes the price up and up and not necessarily the reduction of miners reward. The advantage we have over the novices is that we have already occupied some early spots and still buying and waiting for the deal day.

[suzanne5223]

@suzanne5223 - not sure if there is a exact date or time of the halving,

There's an exact date if the calculation is correct. I used the link I provided to calculate 2 different occasions of the Bitcoin block halving and it provide the correct date though the time may not be correct.

as the average time to get a block to confirmed varies every 14 days if I'm not mistaken. So every countdown is different, just +/- days.

An average Bitcoin block time is 10 minutes, while the difficulty level changes roughly every 2 weeks which is what I believe you're trying to say because the halving event will always take place every time 210,000 blocks which mined and it was roughly every 4 years.
This is why there's an exact date for the halving event prediction but the time may not be intact.

[davis196]

Looks like 1 long year has passed, and we said goodbye to 2023 and entered the new year 2024. We are only waiting for 2024 for Bitcoin because this year is going to be one of the best year for Bitcoin. Where the block reward of Bitcoin will decrease from BTC6.25 to BTC3.125 and at that time we will see more demand for Bitcoin, and expect a gradual change in the Bitcoin market.
As Bitcoin halving is only 112 days away, we are looking forward to that time. All bitcoin investors only wait for bitcoin bull season. And the bull season usually starts after the halving as we know it, so I think there is a golden opportunity right now to just hodl Bitcoin.
All bitcoiners get ready to hodl your BTC success is waiting for you ahead.

There's no direct correlation between the mining reward drop and an increase in the demand for Bitcoins.
There's only a hype, that every time a BTC halving occurs, the price hits a new ATH after several months. There's no guarantee that a new ATH will happen, but I'm optimistic that there will be several factors in 2024-205, which will help for a strong bull run. Factors like the war in Ukraine coming to an end and the central banks deciding to drop the interest rates and to return quantitative easing. Trump winning the US presidential elections can also be a bullish sign(even though Trump is anti-crypto). His presidential mandate back in 2017-2021 was a good time for Bitcoin/crypto.

[peter0425]

Looks like 1 long year has passed, and we said goodbye to 2023 and entered the new year 2024. We are only waiting for 2024 for Bitcoin because this year is going to be one of the best year for Bitcoin. Where the block reward of Bitcoin will decrease from BTC6.25 to BTC3.125 and at that time we will see more demand for Bitcoin, and expect a gradual change in the Bitcoin market.
As Bitcoin halving is only 112 days away, we are looking forward to that time. All bitcoin investors only wait for bitcoin bull season. And the bull season usually starts after the halving as we know it, so I think there is a golden opportunity right now to just hodl Bitcoin.
All bitcoiners get ready to hodl your BTC success is waiting for you ahead.

We are here together mate , like you and many of us we are expecting a great increase in Bitcoin this year after Halving so basically we are tend to accumulate more and more before it happens .
like how we look at the market now as it falls badly again from 42k growing to 45k ? now turns back to 42k as it is the starting value so lets take this opportunity to buy and gather more before it grows higher that we cannot afford.

[nimogsm]

Looks like 1 long year has passed, and we said goodbye to 2023 and entered the new year 2024. We are only waiting for 2024 for Bitcoin because this year is going to be one of the best year for Bitcoin. Where the block reward of Bitcoin will decrease from BTC6.25 to BTC3.125 and at that time we will see more demand for Bitcoin, and expect a gradual change in the Bitcoin market.
As Bitcoin halving is only 112 days away, we are looking forward to that time. All bitcoin investors only wait for bitcoin bull season. And the bull season usually starts after the halving as we know it, so I think there is a golden opportunity right now to just hodl Bitcoin.
All bitcoiners get ready to hodl your BTC success is waiting for you ahead.

We are here together mate , like you and many of us we are expecting a great increase in Bitcoin this year after Halving so basically we are tend to accumulate more and more before it happens .
like how we look at the market now as it falls badly again from 42k growing to 45k ? now turns back to 42k as it is the starting value so lets take this opportunity to buy and gather more before it grows higher that we cannot afford.

Those who have not yet managed to buy earlier should take advantage of the current adjustment. Perhaps the price will be even lower in the coming days because now the price is experiencing a little turbulence and it is not yet clear where it will stop.
Now is the best time to accumulate our reserves and be ready for the future halving. There is not much time left, approximately a little more than 3 months, and during this period a lot more can happen.

[Zanab247]

Every investors know that this year will be better than last year but for the price to hit back to $69k this year, I don't think the price will reach that stage in this year but the bull run will surely occur but it will not increase above $69k. The price make many investors to experience so much joy few hours ago when the price rise to $45k but the price has fall back to 42k and it show that the January will still maintain what investors experience december last year.

Now that many hodlers knew that things difference will surely happen this year which is the reason many hodlers Continue hodling till the price take a new display that will allow some to sell to make some profits.

[alastantiger]

Don't make the mistake of early people. Halving doesn't affect demand, it affects new supply.

You got it right.

The concept of Bitcoin halving is that it reduces the rate of new Bitcoin that are already being produced, thereby making it a serious challenge for miners to mine new coins, inadvertently driving up prices as there would be increase in demand. If this reduction in supply growth is paired together with its growing demand, it therefore contributes to the appreciation of worth of Bitcoin's value over time. In short, halving affects miners and shrinks their power in the market.

[tabas]

I am excited for it to come, we've got side by side updates that everyone is expecting to help the market to get pushed like with the ETF. As we can see today, a single negative news brought the market a flash crash and that's how they're going to do so that they can buy the cheaper bitcoins and the ones that has been sold due to panicking. Don't be like that, keep holding and wait until the halving is done and maybe after a few months we'll see the sign of the bull run but typically, it goes for several months up to a year before it actually happens.
PS: 109 days left for halving.

[Hypnosis00]

I am excited for it to come, we've got side by side updates that everyone is expecting to help the market to get pushed like with the ETF. As we can see today, a single negative news brought the market a flash crash and that's how they're going to do so that they can buy the cheaper bitcoins and the ones that has been sold due to panicking. Don't be like that, keep holding and wait until the halving is done and maybe after a few months we'll see the sign of the bull run but typically, it goes for several months up to a year before it actually happens.
PS: 109 days left for halving.

Halving is more exciting than having an ETF approval, that is what I see and I'm looking forward to seeing the price of Bitcoin reach $50k.
And I've been looking forward to people still holding their coins and avoiding panic selling. Even just this time, I already consider the price of Bitcoin is bullish already, and I was expecting it to move higher after the halving event. As it happened in the previous halving, that gives us confidence that it also be the same scenario. Well, just to hope that everyone could wait for the right time to sell so we all will be happy.

[AakZaki]

Have you personally saved Bitcoin from the beginning until now, because the Halving will be the moment that everyone is most looking forward to. The halving is a sign for Bitcoin that it will continue to grow. but also need to be prepared when the market does not match expectations. the most important thing is to buy and hold until the target price is reached. profits will be sought, not held for life.

[Yaunfitda]

I am excited for it to come, we've got side by side updates that everyone is expecting to help the market to get pushed like with the ETF. As we can see today, a single negative news brought the market a flash crash and that's how they're going to do so that they can buy the cheaper bitcoins and the ones that has been sold due to panicking. Don't be like that, keep holding and wait until the halving is done and maybe after a few months we'll see the sign of the bull run but typically, it goes for several months up to a year before it actually happens.
PS: 109 days left for halving.

Halving is more exciting than having an ETF approval, that is what I see and I'm looking forward to seeing the price of Bitcoin reach $50k.
And I've been looking forward to people still holding their coins and avoiding panic selling. Even just this time, I already consider the price of Bitcoin is bullish already, and I was expecting it to move higher after the halving event. As it happened in the previous halving, that gives us confidence that it also be the same scenario. Well, just to hope that everyone could wait for the right time to sell so we all will be happy.

I do agree though, just like in the last halving wherein we have the pandemic, but it didn't deter the market to have a bull run and reach $50k and then the eventual new all time high at $69k. As compare to ETF approval which is beyond our control and we really don't know if there will be approval or not.

So this is more important in bitcoin's history, halving is the most anticipated event. Of course, we will love to have that approval, it could bring more money in the market. But halving has been tested already as the catalyst for a bull run and so we will be happy to wait for the even to happen in April.

[kamvreto]

I am excited for it to come, we've got side by side updates that everyone is expecting to help the market to get pushed like with the ETF. As we can see today, a single negative news brought the market a flash crash and that's how they're going to do so that they can buy the cheaper bitcoins and the ones that has been sold due to panicking. Don't be like that, keep holding and wait until the halving is done and maybe after a few months we'll see the sign of the bull run but typically, it goes for several months up to a year before it actually happens.
PS: 109 days left for halving.

Halving is more exciting than having an ETF approval, that is what I see and I'm looking forward to seeing the price of Bitcoin reach $50k.
And I've been looking forward to people still holding their coins and avoiding panic selling. Even just this time, I already consider the price of Bitcoin is bullish already, and I was expecting it to move higher after the halving event. As it happened in the previous halving, that gives us confidence that it also be the same scenario. Well, just to hope that everyone could wait for the right time to sell so we all will be happy.

I do agree though, just like in the last halving wherein we have the pandemic, but it didn't deter the market to have a bull run and reach $50k and then the eventual new all time high at $69k. As compare to ETF approval which is beyond our control and we really don't know if there will be approval or not.

So this is more important in bitcoin's history, halving is the most anticipated event. Of course, we will love to have that approval, it could bring more money in the market. But halving has been tested already as the catalyst for a bull run and so we will be happy to wait for the even to happen in April.

Waiting for the halving also requires preparation so that the long wait is not wasted, having Bitcoin purchased gradually for the long term will be very good and provide big profits when the Halving can provide a new ATH. You also have to be prepared for corrections or some price crashes that suddenly occur, like some time ago when the ETF was postponed until Q2 2024, this has become a negative sentiment because news related to ETFs has really affected Bitcoin lately.

[albon]

The countdown began, and indeed, a lot of time had passed. We suffered a lot during bearish market times, but it was an excellent opportunity for accumulation. It is encouraging that it remains in front of us until next April. It is worth noting that the price of Bitcoin started positively at the beginning of the new year. It is highly expected that significant events affecting Bitcoin's price and the cryptocurrency market, such as the approval of ETFs and the Bitcoin halving event, we will witness a bullish market in 2024 and even the following year; I hope that no unexpected events occur that affect market sentiment and disappoint our hopes. However, we remain steadfast in our belief in BTC, Controlling our emotions, and committed to increasing our hodlings in this promising investment that will be discussed at all times and everywhere.

[STT]

Elections years would correlate to bullish movements because the chances of a hard monetary policy is less likely in a year the population is asked on their hard opinions of political outcomes such as management of the economy.   Its well known that a recession equates to a loss of power for whoever is in office at that moment, generally a sitting president can rely on reelection if they have kept their head above water in terms of people losing their jobs etc.  The inflation situation was the biggest threat, it appears to have receded but the reasons for its occurrence have not and I expect further trouble ahead.
  Myself personally I think we are a little too optimistic in combination with the ETF news.   People are saying well it has to be bullish but this isnt how markets work, buy the rumor sell the news is the dynamic and all that can happen in that ETF news is it arrives and you have in effect a sell event at least short term.   Halvening might be 3rd event behind all these other factors.

[FinePoine0]

Looks like 1 long year has passed, and we said goodbye to 2023 and entered the new year 2024. We are only waiting for 2024 for Bitcoin because this year is going to be one of the best year for Bitcoin. Where the block reward of Bitcoin will decrease from BTC6.25 to BTC3.125 and at that time we will see more demand for Bitcoin, and expect a gradual change in the Bitcoin market.
As Bitcoin halving is only 112 days away, we are looking forward to that time. All bitcoin investors only wait for bitcoin bull season. And the bull season usually starts after the halving as we know it, so I think there is a golden opportunity right now to just hodl Bitcoin.
All bitcoiners get ready to hodl your BTC success is waiting for you ahead.

Bitcoin halving is fast approaching among us. So we will invest for long term, because by investing we will wait for halving. We will never miss this investment because Bitcoin is the single most profitable investment possible. If you look at the history, everyone will understand that every halving is followed by a peak in Bitcoin price, so this Bitcoin Halving in 2024 is likely to be the highest Bitcoin price increase.

[wxa7115]

Looks like 1 long year has passed, and we said goodbye to 2023 and entered the new year 2024. We are only waiting for 2024 for Bitcoin because this year is going to be one of the best year for Bitcoin. Where the block reward of Bitcoin will decrease from BTC6.25 to BTC3.125 and at that time we will see more demand for Bitcoin, and expect a gradual change in the Bitcoin market.
As Bitcoin halving is only 112 days away, we are looking forward to that time. All bitcoin investors only wait for bitcoin bull season. And the bull season usually starts after the halving as we know it, so I think there is a golden opportunity right now to just hodl Bitcoin.
All bitcoiners get ready to hodl your BTC success is waiting for you ahead.

Bitcoin halving is fast approaching among us. So we will invest for long term, because by investing we will wait for halving. We will never miss this investment because Bitcoin is the single most profitable investment possible. If you look at the history, everyone will understand that every halving is followed by a peak in Bitcoin price, so this Bitcoin Halving in 2024 is likely to be the highest Bitcoin price increase.

The upcoming bull run will be the biggest in terms of the dollars coming to this market and the price reached, but the growth in the price in terms of percentage should be lower than the previous bull runs simply because the market cap of bitcoin is so high now that in order for bitcoin to double its price we need almost a trillion dollars.

However there is little doubt that anyone that was smart enough to invest in bitcoin during the previous year not only got massive benefits already, but if they keep holding, the benefits they will obtain will be almost otherworldly.

[Reid]

Yes, keep on hodling. Not just the halving expect a lot of things might happen because of the Bitcoin ETF. These two events combined might take the demand at heights that we are not expecting. Today, we are already witnessing FOMO and investors keeps on buying and selling trying to increase the amount of Bitcoin they can keep before those events come. It's not wrong but it's scary so if we are not up to that challenge of trading it and have a fear to just lose more then don't do it. Just keep it in our wallets and accumulate more thru different means.

[slaman29]

Don't make the mistake of early people. Halving doesn't affect demand, it affects new supply.

You got it right.

The concept of Bitcoin halving is that it reduces the rate of new Bitcoin that are already being produced, thereby making it a serious challenge for miners to mine new coins, inadvertently driving up prices as there would be increase in demand. If this reduction in supply growth is paired together with its growing demand, it therefore contributes to the appreciation of worth of Bitcoin's value over time. In short, halving affects miners and shrinks their power in the market.

You kind of got it wrong too. You don't just get increased demand simply because there is less supply. Thousands of alts and NFTs proved this wrong already, trying to justify expensive tokens just because there is so few of them.

Demand comes from utility, period. Yes, miners will try to sell a a premium to make up for reduced gains from block rewards, but that is nothing to do with increased demand. There will come a time when demand will meet or overcome supply but supply alone doesn't push demand.

[EarnOnVictor]

By this, I believe you already know how the market reacts to halving, it is not necessary that it reacts on that halving date, but for the pre-having effects because of expectations and the post-having effect due to expectations and the sentiment caused on the market charts. So, the date itself is not really a big deal but the effects caused by it and I know that it will be so much this time that people know about Bitcoin better than before. I see Bitcoin hitting $100,000 for the post-having effects, but I wouldn't want to call it higher than that to avoid the issues attached to over-rating things. However, if it gets higher than that, I will simply appreciate it and take my best shots from it but will never overestimate things. This should also last for over a year as I expect the effect of the halving and the FOMO it would bring to last until 2025 when the bearish trend might resurface for another bearish season that could span for years.