Less than 80 days until the 4th Ever #Bitcoin Halving

[pinggoki]

This will be my third halving. I remember the second halving very well, I actually remeber where I was and checking the block explorer.

After the block passed it looked strange not seeing 25btc rewards anymore but 12.5btc instead. And then I remeber the 3rd halving having many parties around the world. It was I think during Covid so the turnout wasn’t as big but people will celebrated it like it was some big competition.

Wonder how crazy this upcoming halving will be.

Definitely more crazy and expect bitcoin to get more expensive because there's less reward for miners and it's going to be a problem for them to not be able to get some upkeep in their rigs if they don't try their best to keep their rigs at tip top shape. In my opinion, the craziness and fun factor of halving parties will only go up even more than the last time until the last bitcoin is mined, that last mined bitcoin is definitely going to be like that episode in Rick and Morty where they visit planets that have a one last debauchery party because their worlds are going to be destroyed.

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[EarnOnVictor]

-snip-
What do you think will be the price on halving day??

Thanks for this explanation and reminder, and you must know that we are all expecting halving this time. Only that it will not behave as many expected of it, it might play out differently which might not be the whole same as it was before which people often referred to. But still, it will be similar as the main thing is for halving to cause a bullish effect in the market which is what will happen this time again. Also, I believe that since Bitcoin had a tangible correction in January, this might be an opportunity for it to move higher before halving, this will however be possible if the bearish price action is not seen on the monthly chart. If formed, it will be a setback for it and we might see more pre-halving effects that are more negative until halving will halve which we believe that the post-effect is always bullish.

Anyway, we have to filter our decisions with the real-time market pattern on the higher charts for the best guidance, it helps me so much and it is the smartest way out as well.

[peter0425]

for the 3rd halving that I have been here , I wish that for good i will get what i invested , the first one as newbie? i did not managed to take the chance making good return because of sad to admit having no complete trust in bitcoin those times.

The second one is the pandemic that Hinders me to manage taking my profit again because of a much needed to cash out even before the price goes high as there is no choice because of COVID19.

and this time , I will keep my funds , and will not sell until my target price reached.

[ilovealtcoins]

I read all of the above and no one refers to rising fees.
~

Yes, when we see BTC pump fees continue to rise unabated. Actually, the miner doesn't care anything about it.. I do not talk about European countries, most countries in Asia people's average daily income is 6/5usd. So could you explain the possibility bitcoin could enable financial inclusion when only 1 transaction costs almost someone's a day's salary.

[Wind_FURY]

In simple words, we could say "Supply Reduction", the supply gets cut in half.

Does anyone else here think this statement is factually wrong?  Bitcoin's supply isn't being cut in half at all.  The block reward is, and there's a big difference. 

It is wrong, and it's just like the presentations about Bitcoin that say it's a "deflationary" currency. Bitcoin is not deflationary. There are new Bitcoins mined in every block that gets distributed after the miners sell them to pay for their operational expenses/costs.

I guess you could use that oil analogy, but oil has a very practical use and cutting its rate of supply will most likely cause the price to jump--but bitcoin?  Nobody's using it as a currency, and since the halving has been known since the code was written (right?), I have to think it's already been priced in.

Probably not many people use it as currency because they don't need to use it as a currency. But that's for another topic.

But no, what currently gives most demand to Bitcoin is speculation as an asset for investment, precisely BECAUSE of its predictable supply as enforced by the rules of the network.

[Jessie2121]

I hope that bitcoin price will surprise those investors by showing them a price that they never expected, let me say something like $150k and above because I don't think most of the investors are hoping to see bitcoin go above the current price which is $43k and you would agree with me that the amount we are hoping to see before the halving is not even close to it which may seem to be very poor. Was expecting to see the price to be at $65k but it hasn't gotten close since this year.

[AmoreJaz]

I hope that bitcoin price will surprise those investors by showing them a price that they never expected, let me say something like $150k and above because I don't think most of the investors are hoping to see bitcoin go above the current price which is $43k and you would agree with me that the amount we are hoping to see before the halving is not even close to it which may seem to be very poor. Was expecting to see the price to be at $65k but it hasn't gotten close since this year.

well, we will never know what's gonna happen for this upcoming halving. thus, you should prepare for the possibility of what's to come.and collect what you think you can afford in this type of digital investment.
days are fast approaching and for sure a lot are in panic mode on what to do. but if you have limited resources, better not follow the hype, stick to your plans as it is your money at stake. you can't blame others if you failed your targets and lose some.
sure, people are on the festive mood because the market seems to be bullish. but what funds are you staking here? a loan or your savings? this is why everyone has different take on this market, because we all have different source of funds and how it affects our life later on.

[bayu7adi]

well, we will never know what's gonna happen for this upcoming halving. thus, you should prepare for the possibility of what's to come.and collect what you think you can afford in this type of digital investment.

Prepare now or miss this precious moment. I still firmly believe that bullishness will occur for BTC prices after the halving, so panicking for now because the price does not match expectations, is an unwise choice.

OP's prediction is above $150k, and I don't mind if that happens. Even though we don't know the highest point yet, the most important thing is to never miss the post-halving bullish moment. That is the best time to enjoy the results of the hodling we have done in recent years.

[ancafe]

The pool of marginal sellers are drying up day by day🌵,, Could you imagine where the price will go after the halving!!
Actually, I don't think we people understand how big it will be. Before, we always had selling pressure from miners, now we're going to have continued buying pressure.

It will be the historically biggest pump ever we have seen when the selling pressure from GBTC runs out.
However, this financial market is influenced by various factors, price movement is also complex. But the direction is constant, it's only 🚀🚀.
So, I wanna say if you guys were able to work out in which way the price of oil goes then you could make your fate...

To be honest I don't have a specific view on what the price of bitcoin will be in the future halving and from what I see, perhaps this halving will not be much different from the previous halving. We definitely feel any pressure and maybe the method can be adjusted, someone who is under pressure will usually easily adapt to other difficulties because we are used to being trained by circumstances. Today I set the standard for long-term investment in Bitcoin and I never care how the process occurs in the market. In this way we can be a little calmer and not be affected by market sentiment and bad events that occur related to the journey of Bitcoin itself.

Oil is also equally difficult to predict, especially if we have never been involved in it and some might say that it can be studied based on previous historical data. But the next question is, to what extent can we convince ourselves of this issue, because it is not much different from our involvement with bitcoin when we first learned about it.

[rodskee]

Looks like we will be having countdown every 10 days of coming halving because this is
what I can see from thread after thread about days of halving remaining and so we are now all readying or
already about our funds to look at in the next coming months.

I have settled  my Bitcoin but looking for Altcoins to add in my folio, I have small amount
waiting for the best altcoins to be part of my Holding , is there any reccommendation ?

[GreatArkansas]

well, we will never know what's gonna happen for this upcoming halving. thus, you should prepare for the possibility of what's to come.and collect what you think you can afford in this type of digital investment.

Prepare now or miss this precious moment. I still firmly believe that bullishness will occur for BTC prices after the halving, so panicking for now because the price does not match expectations, is an unwise choice.
(....)

True, other people will miss and regret once we are already in the time that most people are waiting for.
Better prepared than nothing, that's why since last year I already expecting this move of Bitcoin before the Bitcoin block halving.

(...)
I have settled  my Bitcoin but looking for Altcoins to add in my folio, I have small amount
waiting for the best altcoins to be part of my Holding , is there any reccommendation ?

Please discuss altcoins on a separate board, this is only a Bitcoin discussion.
In my own opinion, I will not touch my Bitcoin holdings just to convert to other altcoins.

[pooya87]

I have settled  my Bitcoin but looking for Altcoins to add in my folio, I have small amount
waiting for the best altcoins to be part of my Holding , is there any reccommendation ?

Altcoins are only good for short term traders who can quickly get in and out of them without losing money considering how they only get pumped and dumped. They are terrible for "investment" where you create a "portfolio" and only watch your money melt away in long term.

[Tanzila420]

I don,t understanding what will be happening after 80 days with BTC

[hd49728]

True, other people will miss and regret once we are already in the time that most people are waiting for.
Better prepared than nothing, that's why since last year I already expecting this move of Bitcoin before the Bitcoin block halving.

I believe in history and how it comes back so I expect Bitcoin will have not big rise before the halving and even one month after the halving. If it is not because of Bitcoin Spot ETF that was reflected on Bitcoin price in last 5 months, I would expect Bitcoin rises a little bit before the halving but will have a correction like -20% or more around the halving.

For both scenarios, in my thinking, Bitcoin will need like 2 months after its halving to take off. Because people are expecting too much on Bitcoin Spot ETFs, they will receive something oppositely in short term, no big rise at all.

[Smack That Ace]

I believe in history and how it comes back so I expect Bitcoin will have not big rise before the halving and even one month after the halving. If it is not because of Bitcoin Spot ETF that was reflected on Bitcoin price in last 5 months, I would expect Bitcoin rises a little bit before the halving but will have a correction like -20% or more around the halving.

My prediction, bitcoin will increase before the halving and will be massively dumped after the halving and we will have a medium-term sideways trend before the bull season arrives. I don't think bitcoin will continue to decline as the halving gets closer and closer.

For both scenarios, in my thinking, Bitcoin will need like 2 months after its halving to take off. Because people are expecting too much on Bitcoin Spot ETFs, they will receive something oppositely in short term, no big rise at all.

The Bitcoin ETF is over and everyone is expressing disappointment about it because bitcoin could not increase in price immediately after the ETF was approved. I think people have stopped thinking about it and are focusing more on the halving. But most will continue to be disappointed and dump their bitcoins if they blindly look forward to the halving event. Similar to ETFs, halving events have never caused bitcoin to increase in price immediately after, everything takes time.

By the way, if you believe history, the real bull season will come 1 year after the halving, not 2 months.

[criptoevangelista]

The Bitcoin ETF is over and everyone is expressing disappointment about it because bitcoin could not increase in price immediately after the ETF was approved. I think people have stopped thinking about it and are focusing more on the halving. But most will continue to be disappointed and dump their bitcoins if they blindly look forward to the halving event. Similar to ETFs, halving events have never caused bitcoin to increase in price immediately after, everything takes time.

By the way, if you believe history, the real bull season will come 1 year after the halving, not 2 months.

People are expecting the value to increase overnight with the launch of ETFs in the United States, when in reality this is a movement that will take time to happen... Take the example of gold, each candle represents one month. it took a few months for the price to rise after the ETF

[Wind_FURY]

I have settled  my Bitcoin but looking for Altcoins to add in my folio, I have small amount
waiting for the best altcoins to be part of my Holding , is there any reccommendation ?

Altcoins are only good for short term traders who can quickly get in and out of them without losing money considering how they only get pumped and dumped. They are terrible for "investment" where you create a "portfolio" and only watch your money melt away in long term.

But to be nice and fair to the users who like HODLing altcoins, there's probably two or maybe three altcoins that might be good as long term investments. Because I truly believe that after ten years there might only be Bitcoin and three or probably four/five blockchains chugging along, producing blocks, and simply continuing to exist.  

[RockBell]

Looks like we will be having countdown every 10 days of coming halving because this is
what I can see from thread after thread about days of halving remaining and so we are now all readying or
already about our funds to look at in the next coming months.

I have settled  my Bitcoin but looking for Altcoins to add in my folio, I have small amount
waiting for the best altcoins to be part of my Holding , is there any reccommendation ?

Everyone is having high hopes, and that is why everyone is carrying the countdown serious. And they are feeling that the halving will act as a catalyst to bitcoin and boom the bull run will start i know how it feels especially with the way we all have investment at hand. I don't really  do altcoins i only focus for bitcoin and everyone is having a high expectations and we know that you can not predict the market but am sure that the market will be moved. And am sure does that want to invest have done the needful just waiting for the market to bull and the volume of buy and sell we increase and since that is what we all have been waiting for. Just fews weeks to go.

[Mate2237]

Many people do not even know the basic concept of halving and with this clear explanation, I think those who were still confused would understand it clearly. And as you said, and that is the truth because many people have predicted what will happen before the halving, in the halving and after the halving. Now within this 90 days that are left for the halving which people have also predicted, bitcoin price is not too bad but some still insisting that the price will come down and it will go up after the halving until to the All Time High (ATH).

And if the prediction of $100,000 come to pass in the All Time High then that will favour many people in the bitcoin investment. Everyone hope to see a better price in the market.

[acener]

Most of us are expecting that this halving would be the same as before which would give us a new ATH record.
But we should also learn from the past that Bitcoin price would take some time before reaching a new ATH, and what do we actually expect from the new ATH?
I think that if we actually see a new ATH record, it would only stay for some moment then the market would have a correction cause of the sudden price jump.