Bitcoin halving is coming, what should we do?

[shanhaigamefi]

As miners reduce production and there are fewer Bitcoins circulating in the market, the price will rise as expected. It’s also possible that operators in this space will come under increased political scrutiny because the halving is likely to lead to increased investment and consolidation among Bitcoin miners.

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[SFR10]

As miners reduce production and there are fewer Bitcoins circulating in the market, the price will rise as expected.

It's worth noting that the upcoming reduction in block reward doesn't equate to having fewer Bitcoins in circulation and considering that Bitcoin is still inflationary, I don't think we'll see a significant positive impact on its value ^{[I hope I'm wrong for the latter part and hodlers would benefit from this event]}.

[yahoo62278]

Relax man, this has happened many times already and it will happen again. If you notice, bitcoin dipped from the new ATH over 10k as we got closer to halving happening. It has recovered a little, but after tonight I think we will still see a downtrend.

[Potato Chips]

For the most part, I'm still pretty optimistic about it so im just gonna enjoy the ride 

There could be still be more opportunities to buy slowly which also includes altcoins since what we're hyped about is highly speculated to happen couple of weeks after halving. Just keep in mind your risk appetite in every decision. Good luck to us!

[Taskford]

As miners reduce production and there are fewer Bitcoins circulating in the market, the price will rise as expected.

It's worth noting that the upcoming reduction in block reward doesn't equate to having fewer Bitcoins in circulation and considering that Bitcoin is still inflationary, I don't think we'll see a significant positive impact on its value ^{[I hope I'm wrong for the latter part and hodlers would benefit from this event]}.

And miners will continue to do their thing since they know that it will happen and for sure this is still profitable at their end so there's nothing to worry about if OP is worried about any possible negative effect as a whole since for sure that a lot more good thing to happen and as you said that all hodlers will get benefit to it since this is really destined to happened especially that bitcoin has limited supply like what have been said.

Also instead to worry on some unimportant things maybe its really better to focus on what we can possibly do since its good to ride on current situation happening. Although we don't see yet a good price pump just like what people want to see but for sure there would be a positive changes will happen.

[hugeblack]

With the current high fees, the return from the block may be equal for some times to what was happening before halving, but over time the fees will decrease and the effect will begin to become more apparent.

It is not the first halving and it will not be the last. Therefore, governments will not attack miners because of halving, but rather will try to profit from this sector by imposing high taxes and trying to force them to adopt blacklists or comply with government requests not to include transactions from certain addresses.

[simonnn]

As miners reduce production and there are fewer Bitcoins circulating in the market, the price will rise as expected. It’s also possible that operators in this space will come under increased political scrutiny because the halving is likely to lead to increased investment and consolidation among Bitcoin miners.

The timing of the halving is actually a decrease in the value of bitcoin - the big opportunity for investors. Just an opportunity to buy low price before the price of bitcoin increases. After a few ATH in a short period of time, Bitcoin's price has not fallen that much - suggesting that its price will rise as expected.

[YOSHIE]

Bitcoin halving is coming, what should we do?

If you already bought before the halving happened, maybe you can sell now and if you haven't bought yet, maybe you can wait for the dip again, I don't know what the price of Bitcoin will be at that point, maybe, maybe you can wait somewhere between $30k, not sure.

For me there is nothing more I can do, apart from what I said above, but it seems that this halving is a little different from the halving that has occurred, who knows what factors could be like this, the essence of which is that Bitcoin has reached the level of $73,750 This price indicates that a new ATH has been reached, either it can rise again or it will sink to a point we never thought possible. The point is to return to yourself about Bitcoin for now.

[tabas]

As the halving was done already, we did nothing but just let the miners mined the block 840,000. And right now, as the fees have increased as well, the same thing still. We shouldn't do anything. If you have no transactions needed to get done then it's best for you to just do nothing about it and let the fees decrease soon. It's not the desirable time to do unnecessary transactions but if who am I to stop you if you can avail to pay for $10 or more for a transaction that needs to get done, right? But usually, with the transfers that everyone is doing is all about sending btc to the exchanges for it to get traded.

either it can rise again or it will sink to a point we never thought possible.

This is true, either of the two is possible but the bull's just getting started so I think that we're going to see the former.

[WatChe]

With the current high fees, the return from the block may be equal for some times to what was happening before halving, but over time the fees will decrease and the effect will begin to become more apparent.

It is not the first halving and it will not be the last. Therefore, governments will not attack miners because of halving, but rather will try to profit from this sector by imposing high taxes and trying to force them to adopt blacklists or comply with government requests not to include transactions from certain addresses.

Bitcoin fee went too high after halving [1]. The next halving will be in 2028 and as far as current halving is concerned it's effects will be seen after a while. What we saw from previous halving's is that price goes up but not immediately. May be it will take 6 months or a year for price to go up.
The government has no grudge with BTC as long as it's regulated and under there control. If you are willing to pay taxes and do KYC then your government won't disturb you.      
I will suggest anyone who has BTC to HODL and those who don't have enough BTC to gather more and more before the halving bull run starts.

[1] https://news.bitcoin.com/after-halving-event-bitcoin-transaction-fees-soar-to-over-240/

[bitcoin_mining]

I have tried various ways to learn about bitcoin halving. But I find this topic difficult because in knowing about other topics some informational post about that topic gives some idea but in knowing about bitcoin halving I have tried hard but now I don't understand this topic. I am not clear if bitcoin halving means halving the price of bitcoin or something else. I have also searched on Google regarding this topic and there too I did not get the desired result.

[hugeblack]

Bitcoin fee went too high after halving [1]. The next halving will be in 2028 and as far as current halving is concerned it's effects will be seen after a while. What we saw from previous halving's is that price goes up but not immediately.

This is what is expected, but will the price rise at the same expected rates or will there be something new this time?
The problem with high fees is that they make the effect of halving limited and thus the possibility of price increases being less.

[cryptoaddictchie]

As miners reduce production and there are fewer Bitcoins circulating in the market, the price will rise as expected. It’s also possible that operators in this space will come under increased political scrutiny because the halving is likely to lead to increased investment and consolidation among Bitcoin miners.

Well its up to them to continue or shift towards the changes in the reward surely they can cope. Using GPUs can either utilizes on other purposes not only mining rig. Like the current use on depin markets. Where GPU can be rented for earning coins like mining. Same process but different approach. With the price action now I think its becoming bullisg even with the cut on bitcoin rewards.

[Uhwuchukwu53]

As miners reduce production and there are fewer Bitcoins circulating in the market, the price will rise as expected.

It's worth noting that the upcoming reduction in block reward doesn't equate to having fewer Bitcoins in circulation and considering that Bitcoin is still inflationary, I don't think we'll see a significant positive impact on its value ^{[I hope I'm wrong for the latter part and hodlers would benefit from this event]}.

No I don't see anything wrong in your opinion as I concur to the part that hodlers will benefit because from this halving many investor will come in and the demand of BTC will rise for those who already hold BTC it will be of very big advantage, most those that practice long term holding who have accumulated BTC over four years plus they stand the chance of have greater profit when the investor will come in when the demand will rise, I stand to be corrected as well but it's my own opinion.

[michellee]

There is no need to worry about halving. The price of Bitcoin will also adjust to the situation and just wait for the time to rise high and make a new ATH. For the respective governments, it will come down to their policies regarding crypto. We, as crypto users, should wait for our government's decision.

As for political monitoring, I don't know what the government will do and that's why we can wait for them to decide. There may be an increase in investment in Bitcoin because the government feels there will be large income from crypto users. Maybe they will also tighten their regulations on crypto.

We as Bitcoin users must continue to carry out the plans we have made. We must continue investing in Bitcoin until the time period is reached and take the profits.

[knowngunman]

As miners reduce production and there are fewer Bitcoins circulating in the market, the price will rise as expected.

It's worth noting that the upcoming reduction in block reward doesn't equate to having fewer Bitcoins in circulation and considering that Bitcoin is still inflationary, I don't think we'll see a significant positive impact on its value ^{[I hope I'm wrong for the latter part and hodlers would benefit from this event]}.

Perhaps Op is referring to the reduction in the supply of new mined Bitcoins. The reduction in the block actually doesn't reduce the bitcoin in circulation directly but it minimize the rate of new mined Bitcoins coming into the circulation which I think is what Op is talking about. If so, it would have impact on the market even if not immediately but definitely. Although, it can create high volatility which I believe we already experienced and will continue to experience more in the coming days for short time. I see nothing to be panic here, hodlers who exercise patience will definitely benefit from it.

[Pandu Geddon]

As for political monitoring, I don't know what the government will do and that's why we can wait for them to decide. There may be an increase in investment in Bitcoin because the government feels there will be large income from crypto users. Maybe they will also tighten their regulations on crypto.

The government, which has experienced tax benefits from owning crypto assets, will of course be happy when there is an increase in prices which can also increase the number of investors. but for those who have not yet decided their stance on Bitcoin and crypto, they should immediately wake up and start planning to manage this industry sector.

We never know the effect of a halving, but what we have experienced in the several halvings that have occurred certainly gives rise to the belief that the impact will definitely grow the price of Bitcoin, although not in a short time.
Bitcoin holders still hold your assets. the market is planning a party, don't get left behind.

[Razmirraz]

As for political monitoring, I don't know what the government will do and that's why we can wait for them to decide. There may be an increase in investment in Bitcoin because the government feels there will be large income from crypto users. Maybe they will also tighten their regulations on crypto.

Each country has different policies on tax provisions in the Crypto industry, the government will try to use its policies for crypto assets to prevent investors from carrying out transactions abroad which could cause financial flows out of their country. 2024 is a historic year in the crypto industry, there are historical moments in it such as the launch of the ETF bitcoin spot, Bitcoin halving and altseasons, all of these moments can increase investor interest in the crypto industry.
The impact of halving always leaves beautiful moments. The increasing price of Bitcoin is the main force for investors to continue to increase the value of their investments. Before this plan can happen, early preparation is needed to get shares before the ship sails.

[lalabotax]

Bitcoin halving has been done. What have you done? Well, this is one of the highly anticipated moments for bitcoin holders, especially. And, it is also for the general crypto lover in the crypto business world. At least, we have passed this stage very well. Not only halving but also Bitcoin ETF which was also approved this year. So this creates various positive impacts and trends on Bitcoin.

However, it will not be that easy to enjoy the results of the ETF or Halving process. It still needs time for both, moreover halving. It won't be easy for market to be able to fly and skyrocket very quickly to reach ATH again. so, be patient for this process and keep calm down.  I am sure enough that the progress of Bitcoin will appear soon. Although this has the process, we are aware enough that the market is going to rise up again. It is again, just a mater of time.

[Majestic-milf]

 Do nothing much. Sometimes too much expectations can cause disappointment. For many who don't really have a good grasp of how the Bitcoin halving worked had it in mind that price of Bitcoin will skyrocket and this belief was heightened when Bitcoin surpassed 2021 ATH but the rate at which price is moving up and down will make the average newbie wonder if the halving season is really a good thing.
 The halving event has occurred and not much is being experienced other than fees being unusually high, this being credited to the creation of Runes, a digital fungible token.