Countdown to 840,000

[aoluain]

The 4th Bitcoin halving is happening on block number 840,000 and we are currently
on 839813, thats only 187 blocks to go in about 30 hours....which also means its
happening on a Friday so there may not be any action happening over the weekend.

I remember remarking at some point that there was about 6 months to go, those 6 months
have really gone fast.

This will be that start of the effects of the halving and normally we see a big bull run
from here on for about 12 months.

What do yall see happening next week, I think we will get a dump from the effects of
"buy the hype, sell the news"

[1714755754]

1714755754

[1714755754]

1714755754

[electronicash]

its insane why the market trend is unsure of going where even when we know the effect of halving is always a bull run. i also feel the same way.

feels like Larry Fink will give the institutions in Hong Kong a chance to buy cheaper BTC and ETH ETF. they are probably just calling each other by now. Hong Kong institutional traders could just be asking when they will bring the price to 40k.  and that if they couldn't make people panic, they would ask Netanyahu to send their best missile to Iran.

[NeuroticFish]

What do yall see happening next week, I think we will get a dump from the effects of
"buy the hype, sell the news"

While I won't disagree with you on what will happen in the future, ... the market didn't look in the past 8 days like "buy the hype", it was already in the "sell the news" mood.
Plus, I've read some already telling that the current trend has already bottomed. I fear they may have been calling it a bit in haste, but you never know...


Of course, I'll just sit and wait too see what's going to happen (and stack a few more sats if I can), but I'd like to hear other opinions too on this...

[Slow death]

The 4th Bitcoin halving is happening on block number 840,000 and we are currently
on 839813, thats only 187 blocks to go in about 30 hours....which also means its
happening on a Friday so there may not be any action happening over the weekend.

I remember remarking at some point that there was about 6 months to go, those 6 months
have really gone fast.

This will be that start of the effects of the halving and normally we see a big bull run
from here on for about 12 months.

What do yall see happening next week, I think we will get a dump from the effects of
"buy the hype, sell the news"

Most people have high expectations of seeing big increases in the coming months, unlike in the past, nowadays people are aware of the risks of price drops and when they read some news saying that institutional investors bought a lot of bitcoins, then people They soon think that the rich are buying because they believe that the price in the future will rise a lot, the rich have market advisors, great analysts, the so-called experts in market analysis, so when the rich buy bitcoin it is because they believe that the price of bitcoin will rise a lot. Now when I look at the halving I'm looking at things this way: with this halving, it will reduce the entry of new bitcoins into the market and consequently many people will be focused on buying early because they think that with few new bitcoins entering the market market the price will immediately rise

although fewer new bitcoins entering the market is no guarantee that the price will rise. but as many people are buying to hold for many years, there will be less bitcoin to be sold, and this will cause the price to increase a lot in a few months, which is why I immediately took advantage and bought it, I don't know if we will see a 2x increase or 3x in the next few months. I've been wondering if it's possible to see the price of bitcoin reaching $150,000, because it would take a lot of money in this market for the price to reach $150,000.

and that if they couldn't make people panic, they would ask Netanyahu to send their best missile to Iran.

Until now I can't understand why that Iranian attack against Israel caused the price to fall. I know that the USA is a great ally of Israel. But what does this have to do with the market? Iran is a sanctioned country. Iran did not attack the US in the same way that the US would not attack Iran. So when I heard the news saying that the price dropped because of Iran, I was wondering why

[salad daging]

It will continue to be in the news where the pope will buy at his lowest price, it is not strange if there is buying hype and selling news later, negative and positive will not escape that we see in the media.

I don't think the price will have a significant impact, it will be stagnant for a long time, I expect in April the price will not react faster unless May or June, I think further.

The halving countdown will still be awaited by holders with the expectation of early pumping.

[electronicash]

and that if they couldn't make people panic, they would ask Netanyahu to send their best missile to Iran.

Until now I can't understand why that Iranian attack against Israel caused the price to fall. I know that the USA is a great ally of Israel. But what does this have to do with the market? Iran is a sanctioned country. Iran did not attack the US in the same way that the US would not attack Iran. So when I heard the news saying that the price dropped because of Iran, I was wondering why

my guess is that every time there is an exchange of attack, the likelihood of ww3 is getting higher and we don't want that. investors will be panicking about whether they couldn't get their money back or not. people will be withdrawing their money from the banks and trading their BTC to fiat.

BTC halving though is somewhat balancing this risk. as for me,  i am thinking i will hold because of halving meanwhile also thinking my coins will be stuck in the exchange while there is a blackout the entire month. there is uncertainty.

[btc_angela]

I remember remarking at some point that there was about 6 months to go, those 6 months
have really gone fast.

This will be that start of the effects of the halving and normally we see a big bull run
from here on for about 12 months.

What do yall see happening next week, I think we will get a dump from the effects of
"buy the hype, sell the news"

Yeah, it's just like the start of the year and then people screaming about the block halving and what will happen. Now we are in that event already, 176 blocked away. It's always like that though, pre-halving or even the halving itself, we might see some dumps, just like what we have seen in the last couple of days because of the "news" in the Middle East.

Nevertheless, not even the pandemic has stop Bitcoin from making a parabolic run.

So I expect that after the halving, we might not get to $75k, as it might take sometime for investors to digest what's happening. So I don't see a sudden pump in the market after the week of halving.

[cryptomaniac_xxx]

And after the halving, those inscriptions again are a kill joy, someone paid a hefty $36k just to get it to that legendary block 840,000. And we can only scratch our heads as why someone is willing to pay that fee?

Fortunately, the real winners is the miners, as that block was mined with 200 sat/vB by ViaBTC.

So it's halving is done now, block 840,000 will be (in)famous to all of us.

[kentrolla]

I partially agree with you as there are chances of dump but not for longer period of time but again there are just chances and not sure if it will happen because the market has become so unpredictable that even veterans are unable to speculate anything. Instead of doing something foolish and regretting later I would rather wait and go with the market trend because this ain't the right time to experiment.