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Author Topic: Now that Bitcoin halving have been completed, what next?  (Read 585 times)
kotajikikox
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May 02, 2024, 10:39:16 AM
 #41

The Bitcoin halving creates hype. It's a widely talked about event on social media and elsewhere, so I guess it could have also attracted certain people to get to know Bitcoin.

Halving will be basically the signal of bitcoin’s bull run which will surely turn a lot of people’s heads. Once there are more people interested, more brains will be thinking of ways to improve bitcoin or just other ways to take advantage of bitcoin.

To be honest right now we already have a lot of people working hard to innovate more features for technology and finance.

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May 02, 2024, 10:53:57 AM
 #42

If you ask what's next after the halving, I think now people are waiting for the new ATH price that Bitcoin can reach. Even though miners get lower rewards than before, if the price of Bitcoin can rise very high, they can make a profit. They will probably keep their Bitcoin for a while until the price of Bitcoin goes up.
People are waiting for the next pump, but they must be aware of the current situation. With many FUDs and the hype of halving's gone, there is no way of the new pump in the near future. The market tends to decrease gradually in the next few weeks or months. It may have another big pump when we are reaching the end of the year. As far as I know, it needs some months after the halving to see another big pumps.

Miners should keep their Bitcoin, they know it is not the right time for taking profits. As the miners, they must understand the market characteristics.

Yes, the market will respond positively to this halving but we still have to be patient because it won't happen instantly. Maybe there will still be a few months away from a positive response and if there is a price movement later, we can start preparing with the selling price we want. We must be able to remain patient and wait until the price can rise higher.
I personally don't have idea about how market will respond the halving. No one knows if the market will respond it positively or negatively. I think we only have an option of waiting for the response, it ideally takes few months. Just learn how the market condition after the halving in the previous season. You may get some clues about how long the market will be in a correction or sideway phases.


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May 02, 2024, 03:31:29 PM
 #43

If you ask what's next after the halving, I think now people are waiting for the new ATH price that Bitcoin can reach. Even though miners get lower rewards than before, if the price of Bitcoin can rise very high, they can make a profit. They will probably keep their Bitcoin for a while until the price of Bitcoin goes up.

Yes, the market will respond positively to this halving but we still have to be patient because it won't happen instantly. Maybe there will still be a few months away from a positive response and if there is a price movement later, we can start preparing with the selling price we want. We must be able to remain patient and wait until the price can rise higher.
Despite of the current price correction that pull btc price to drop below $60k, still a lot of people continuously aim to witness its new all time high that may probably happen after couple of months from halving. With that, it’s certain that there will be more price correction that will come prior to halving, so we should prepare ourselves more not to fall into panic selling. Expect that the market won’t be friendly at times, so we should be more patient to understand the situation of the market, and the reason why all these things are happening.

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May 02, 2024, 03:43:19 PM
 #44

Some expected a massive pump after the halving, well it is clear that it won't happen, even when Hong Kong approved Bitcoin ETF and ETH ETF, the dump still happened, and I don't think we are done yet, we may see 52k or worst price of 48k before we start going up again.
The etf approval by Hong Kong was not a big event, so many bitcoiners are still not even aware of it and it will not have the same effect as when the SEC approved spot etf's in the U.S. However, i think i agree with you that the price of BTC can still possible fall lower than this, i know weak hands who want to make money asap would not like to hear that, but it is something that can happen and it opens up another opportunity for bitcoiners to buy BTC for a cheaper price.

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May 02, 2024, 03:52:57 PM
 #45

Halving will be basically the signal of bitcoin’s bull run which will surely turn a lot of people’s heads. Once there are more people interested, more brains will be thinking of ways to improve bitcoin or just other ways to take advantage of bitcoin.

To be honest right now we already have a lot of people working hard to innovate more features for technology and finance.

There will be more people interested in getting profits than the ones willing to make a change or do something positive for the community as a developer or contributor, besides, we have already seen what new innovations do with the network because we have seen the network getting heavily congested before and during the halving event and I don't think we would want to see any other innovation that would do the same with the network because it's making Bitcoin look bad.

Those who are always looking for opportunities to make Bitcoin look bad or negative get their opportunities when things like these happen because they then start comparing it with other cryptocurrencies with way lower transaction confirmation times and fees.

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May 02, 2024, 04:09:10 PM
 #46

Bitcoin halving was one of the greatest events all Bitcoin lover have been looking forward to. The implication of this will be that miners will have lower reward for mining Bitcoin which will lead to reduction in the quantity of free Bitcoin entering the market. As expected, this is meant to create scarcity and in turn increase in the price of Bitcoin. Many predictions have been made and that leaves one to imagine:
  • What path will Bitcoin chose following the halving
  • If this event will lead to more Bitcoin related innovations?
  • If this will lead to more people getting involved in Bitcoin

While I am optimistic that market will respond positively to the halving, initial reaction does not seem to support that, hence many will be wondering what is going on.

Probably just wait for the next thing that is going to happen, just be updated with the cryptocurrency space news I think, we don't really know what is going to happen next or what the next thing could happen, it was all just gonna depend on what the community is going to do, so just get updated with the news I think, Of course don't forget to bag a lot of Bitcoin accumulate a lot while you still can since we are all hoping for the huge pump in the coming Bullrun. I mean there are a lot of projects and innovations that might be related to Bitcoin and that can be a catalyst or something that might trigger the Bitcoin market to skyrocket and trigger the Bull Run.

I mean the Bitcoin was adapting anyway, compared to the past years it's already integrated and used by a lot of companies, banks, etc. Here in my country, it was already used in E-wallets and even offered as an exchange on some banks where you could buy and sell cryptocurrency, so it's adapting really fast in my opinion so, for sure there will be a supply issue considering the Bitcoin Halving we could surely see its effect in the coming year. Might be great to buy some of the rumors in the market since that is mostly where the hype begins and then possibly be able to make
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May 02, 2024, 11:34:48 PM
 #47

Some expected a massive pump after the halving, well it is clear that it won't happen, even when Hong Kong approved Bitcoin ETF and ETH ETF, the dump still happened, and I don't think we are done yet, we may see 52k or worst price of 48k before we start going up again.
Hmm True!
But anyway if this happens, I mean that Bitcoin will fall to 48k. So it will be good for us because Bitcoin will give us another opportunity to buy, and I think many investors including me who want this opportunity will get another golden opportunity before the bull run. But the price decline to this extent is skeptical because Bitcoin is still strong enough in the hands of buyers, that is, the bull players have held the price of Bitcoin and do not want to give the bear a chance to drop further. The proof of this is the current sentiment in the market that Bitcoin bounced back. 
 
So, talking about halving, I think the price of halving does not surge straight forward, but after a small decline, it takes out a strong rally, which has been repeated in the previous halving, and the current halving also has an eye on this phase, that is, it is expected that Going to follow the previous pattern of price this time too.


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May 03, 2024, 02:19:21 PM
 #48

People are waiting for the next pump, but they must be aware of the current situation. With many FUDs and the hype of halving's gone, there is no way of the new pump in the near future. The market tends to decrease gradually in the next few weeks or months. It may have another big pump when we are reaching the end of the year. As far as I know, it needs some months after the halving to see another big pumps.

Miners should keep their Bitcoin, they know it is not the right time for taking profits. As the miners, they must understand the market characteristics.
The current situation can be exploited by irresponsible people by spreading the news that Bitcoin is a scam. That will make people who don't have much knowledge about Bitcoin panic and maybe they won't be able to survive until the Bitcoin price rises again. Yes, I'm sure there will be another big increase, whether it's in the middle of the year, the end of the year or even next year.

I personally don't have idea about how market will respond the halving. No one knows if the market will respond it positively or negatively. I think we only have an option of waiting for the response, it ideally takes few months. Just learn how the market condition after the halving in the previous season. You may get some clues about how long the market will be in a correction or sideway phases.
Waiting and preparing for its arrival is a good way so that we can really focus on accumulating more Bitcoins. As long as we still have time, we can continue what we have done so that we can get benefits later. Even though we don't know how the market will respond to the halving, we can use this time to prepare what is necessary and continuing to invest in Bitcoin is an important thing for us to do.

Despite of the current price correction that pull btc price to drop below $60k, still a lot of people continuously aim to witness its new all time high that may probably happen after couple of months from halving. With that, it’s certain that there will be more price correction that will come prior to halving, so we should prepare ourselves more not to fall into panic selling. Expect that the market won’t be friendly at times, so we should be more patient to understand the situation of the market, and the reason why all these things are happening.
I also think that there will be more corrections coming after the halving and it will be a rollercoaster ride that will leave people confused as to what they should do. But for those who don't think about when the price will start to rise, they will continue to invest in Bitcoin. They believe that the price will rise again and if they are ready, they will immediately prepare the selling price so they can make a profit. Yes, we have to be more patient in understanding the market and we can do this by trying to analyze what is happening.

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May 03, 2024, 04:14:53 PM
 #49

Waiting and being firm until the bullrun starts.Are there other things to do aside from this? Either you buy or wait, it will still be valid. At the end of the day it is you and your capital which is on the line if ever you'd make a risky decision that could result into either loss or profit. I'm expecting for months of low market volune to Bitcoin's market price. Fees are still high which I believe is a factor that could cause or contribute to this problem. Never expect for things to happen in an instant because volatility is in nature of majority of this industry's token. There would also be an imbalance if its market price will just do its thing upward or downward. There's more in the halving than just market price increase. For now, focus on waiting and holding until things get better.

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May 03, 2024, 06:40:26 PM
 #50

now the bullrun comes Wink

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May 03, 2024, 08:08:44 PM
 #51

It's always bit of chaos post halving because we may see frequent fluctuations in the price of Bitcoin just like what we have witnessed in last ten days and this will continue until the begining of bull run so there are possibilities of some users hesitant to invest especially newbie who have invested when Bitcoin was trending at $72k or above $70k but veterans are aware that this is the last best opportunity to invest before bull runs and they will advantage of this situation. I think we would see more investors popping in.

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May 04, 2024, 08:17:00 AM
 #52

Just keep waiting for it to grow bigger, I am sure that people will realize that it is not that simple and you will eventually realize that you are going to make some good money with it. I am not saying that we are going to all make money, because it's clear that some people will make more money than the others, and some people will even lose money as we have seen a lot of people sold right now and some of them will not buy back.

But, I guarantee you that the price will skyrocket higher once again, it is not going to stay like this. Very soon, we are going to go beyond all time high price again and when that happens there will be a lot of people who will regret selling in the past week. That is why I am holding as hard as I possibly could.
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May 04, 2024, 08:36:37 AM
 #53

The only real answer - no one know what will be next. TA is not working in crypto. However, everyone is hoping that we will see the bright future in the end of the year
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May 06, 2024, 03:33:11 PM
 #54

We have yet to know which direction will Bitcoin take after the halving. As of now, it seems there's a correction. But this doesn't necessarily mean Bitcoin is taking the downward direction. This could merely be a quick correction brought about by individuals or institutions dumping. I still feel like the overall sentiment remains bullish. There might still be an ATH at least a year from now.

I don't think Bitcoin halving determines whether there will be more Bitcoin-related innovations or not. The rate of adoption determines that. However, the halving has indeed encouraged a different kind of innovation in Rodarmor's Runes.

The Bitcoin halving creates hype. It's a widely talked about event on social media and elsewhere, so I guess it could have also attracted certain people to get to know Bitcoin.

Of course the Bitcoin halving creates hype. You don't see chains with a similar mechanism getting "pumped" these days (Litecoin). After each halving event, comes a period of market correction. It's up to you to determine when to buy more BTC and when to sell. As long as you're able to make profit, nothing else matters.

If you really believe in BTC, then you should focus on its utility instead of the price. Mainstream media, whales, and companies often manipulate the market with their comments/actions. Prices could either go up or all the way down the drain in an instant. As long as the core BTC blockchain remains decentralized, nothing should be able to stand in its way. Hopefully, it will last way beyond the last halving of 2140. Cheesy

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May 06, 2024, 03:56:13 PM
 #55

We have yet to know which direction will Bitcoin take after the halving. As of now, it seems there's a correction. But this doesn't necessarily mean Bitcoin is taking the downward direction. This could merely be a quick correction brought about by individuals or institutions dumping. I still feel like the overall sentiment remains bullish. There might still be an ATH at least a year from now.

I don't think Bitcoin halving determines whether there will be more Bitcoin-related innovations or not. The rate of adoption determines that. However, the halving has indeed encouraged a different kind of innovation in Rodarmor's Runes.

The Bitcoin halving creates hype. It's a widely talked about event on social media and elsewhere, so I guess it could have also attracted certain people to get to know Bitcoin.

Of course the Bitcoin halving creates hype. You don't see chains with a similar mechanism getting "pumped" these days (Litecoin). After each halving event, comes a period of market correction. It's up to you to determine when to buy more BTC and when to sell. As long as you're able to make profit, nothing else matters.

If you really believe in BTC, then you should focus on its utility instead of the price. Mainstream media, whales, and companies often manipulate the market with their comments/actions. Prices could either go up or all the way down the drain in an instant. As long as the core BTC blockchain remains decentralized, nothing should be able to stand in its way. Hopefully, it will last way beyond the last halving of 2140. Cheesy
The Bitcoin halving creates the hype you're talking about because of the benefit that always comes with it and how it controls inflation in the BTC market. It is the hype that literally leads to more traffic in the market if not most institutions won't have to consider filing for the spot ETF before the halving. Imagine what would have happened if the BTC spot ETF was filed by BlackRock and others after the halving.

Having said that, I dislike the impression and believe that after profit off the market, nothing else matters, seriously?
I believe it's not nice for anyone to have such an impression when people are doing more than that by their support for the BTC node, and the creation of things that will keep the market healthy.

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May 09, 2024, 10:36:32 AM
 #56

The only real answer - no one know what will be next. TA is not working in crypto. However, everyone is hoping that we will see the bright future in the end of the year

I have the same impression of applying TA to crypto currencies. It's "working" but only randomly,  like the proverbial broken watch that is right twice a day. But we can hope for two things yet: that we'll somehow invent a TA that will be working with crypto and that, you are right, our future is bright. Maybe even before the end of the year we'll see some nice tendencies.

 
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May 09, 2024, 12:03:42 PM
 #57

The only real answer - no one know what will be next. TA is not working in crypto. However, everyone is hoping that we will see the bright future in the end of the year

I have the same impression of applying TA to crypto currencies. It's "working" but only randomly,  like the proverbial broken watch that is right twice a day. But we can hope for two things yet: that we'll somehow invent a TA that will be working with crypto and that, you are right, our future is bright. Maybe even before the end of the year we'll see some nice tendencies.
Despite the unexpected drop in the past few days, we're still positive about it and this drives us to think that this year ends with a good price position.
Yes, TA doesn't works all the time due to the volatility of the market but still, this tool plays some important roles. Even if it was just like this, I and many holders/investors still make use of this in the hope that they won't fail in making decisions.

After halving the price trends seem not to look good but I believe that the history repeats itself. The new ATH comes a few months after halving like before.
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May 16, 2024, 08:27:58 AM
 #58

~
~ After halving the price trends seem not to look good but I believe that the history repeats itself. The new ATH comes a few months after halving like before.

The new ATH has happened already, it was a month before the halving, remember? But if you mean the proper ATH, like 3 times higher than the previous one, than yes, I agree with you, it should happen a few months after halving, and that's what we are waiting for, because it was happening like that in previous years. In the meantime, don't panic when the price is suddenly down. Fluctuation is a normal thing for Bitcoin.

 
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May 16, 2024, 02:10:53 PM
 #59

So far, I believe Bitcoin has been doing well after halving. The price isn't at the highest level, but it's pretty close to that. It seems to me that, with long bear markets, Bitcoin price is 50% or more below the ATH most of the time, so we're in that rare time of relatively high prices right now.
We've recently experienced another major spike in transaction fees, but I don't think it's related to halving. And, thankfully, it seems to be over, so we have both high BTC price and low transaction fees lately.

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May 16, 2024, 02:52:26 PM
 #60

~
~ After halving the price trends seem not to look good but I believe that the history repeats itself. The new ATH comes a few months after halving like before.

The new ATH has happened already, it was a month before the halving, remember? But if you mean the proper ATH, like 3 times higher than the previous one, than yes, I agree with you, it should happen a few months after halving, and that's what we are waiting for, because it was happening like that in previous years. In the meantime, don't panic when the price is suddenly down. Fluctuation is a normal thing for Bitcoin.

I believe we are all waiting for a bull market and a proper ATH as history has shown us. But do you see that history is somewhat being changed and that is shown by the fact that bitcoin had an ATH before the halving? And will history repeat itself or will we have new history? I mean there won't be another bull season? I was thinking about this and also saw someone making this hypothesis on social network X, which also made me think a lot. Will this terrible scenario happen?

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