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Author Topic: Bitcoin halving is coming, what should we do?  (Read 224 times)
michellee
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April 25, 2024, 02:50:59 AM
 #21

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.
That will make the government even more active in determining who owns crypto assets and imposing taxes on them. This can provide additional income for the country and help the country's economy. As long as government officials do not corrupt themselves, tax money from crypto can be useful for everyone.

After several halvings, we see the price will temporarily stay at that price and will only start to rise after a few months. Later, the price will rise slowly and the peak will reach the ATH price. All Bitcoin investors are waiting for that, and they can make huge profits.

This time, many predictions say that the price of Bitcoin will exceed $150k. That is why many people are still trying to invest their money in Bitcoin. They see a very high upside potential, where they can make huge profits.

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.
The government will look for ways to collect more taxes on crypto. They have seen the impact of crypto on its users and that many people can make big profits. This makes them create policies related to crypto so that they can generate additional income for the country.

Investor interest in crypto is different from that of previous years. This is a result of the growing popularity of crypto, which makes people interested in investing in crypto. The government also sees this, so it is also trying to learn more about crypto.

The increasing price of Bitcoin triggered many people to get into crypto. They want to make profits like people who have already invested in crypto.

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April 25, 2024, 06:18:40 AM
 #22

The halving has already been implemented. So far, there seems to be no problem at all. The hashrate has even hit a new all-time high post halving. It seems the rising fees have sufficiently made up for the halved block reward. And the price has also remained above $60,000. It seems things are running well so far, although the halved reward will be felt more when the fees will eventually fall down.

As for us, what else should we be doing? I guess we continue to hodl. And stack more Sats, of course, especially now that the new supply has decreased 50%.

I can't see any reason why miners would come under increased political scrutiny because of the halving. But if the political environment isn't friendly, then miners are always free to move to another place.

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April 27, 2024, 05:43:15 PM
 #23

This is what is expected, but will the price rise at the same expected rates or will there be something new this time?

Well this is tough question to answer. We need to wait to see effect of halving on price and till then we can only speculate. This halving is different in a sense that price has touched ATH just before halving and we have BTC standing firmly above 60k for almost 2 months.
 

The problem with high fees is that they make the effect of halving limited and thus the possibility of price increases being less.

The Bitcoin fee has considerably gone down compared to post halving fee. Let's hope that transaction fee remains within limit so that we can see increase in BTC price.
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April 27, 2024, 06:26:01 PM
 #24

Well the halving is here and gone but the most we have seen so far was the increase in fee which have dropped drastically at the moment. Still, preparing for the halving is something that is done before the halving and not after but, it ain’t particulate, you don’t invest based on the halving but, you could buy more aggressively to increase your portfolio before the halving. The halving is done but you could still buy more as the halving haven’t reflected on the price yet.
I don’t have to say much but, just buy and keep buying, Bitcoin and Bitcoin most of all.

R


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