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Author Topic: Why has bitcoin prices not increased just after halving ?  (Read 809 times)
arhipova (OP)
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April 20, 2024, 01:25:31 PM
 #1

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
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April 20, 2024, 01:29:23 PM
Merited by philipma1957 (1), Amphenomenon (1)
 #2

The fee increase was mainly as a result of rune protocol launched
It's quite normal,Bitcoin price doesn't necessary pump on the day of halving
It's a gradual movement before it kicks off.
This is why I don't like introducing individuals to Bitcoin or others
If it doesn't go as they believed you to blame.
If you had told them the holding would be for a year plus they won't be this impatient.
Can't really blame them, they barely know how bitcoin works so is not surprising they panicking.

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April 20, 2024, 01:44:00 PM
Last edit: April 21, 2024, 02:59:14 PM by Tungbulu
 #3

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

This why it's very essential to get your facts right before convincing people to buy bitcoin so you don't pass wrong information to them and when things go bazaar, they start blaming you.
The bitcoin halving event has the the potential to influence Bitcoin price to move on a positive trend overtime. This process takes time and not immediately. Bitcoin's 4th halving event has just been concluded and it will take a couple weeks, even months before the it'll start effecting on the price of bitcoin. That's how it has been in the previous halvings.

If you had done your research, you would've known that the process takes a while and not immediately after the halving.
Tell your friends that they've not made the wrong choice for agreeing to buy bitcoin and no matter what happens, they shouldn't sell, they should continue to HODL for a couple weeks or months and they'll definitely see the result.

If they sell now, they'll definitely be selling at a lower price and when the effect of the halving starts to manifest, they'll have nothing but regrets for selling earlier and they'll still blame you your misinformation. So please try to get the facts right next time before canvassing.
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April 20, 2024, 01:47:15 PM
 #4

I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Did you not tell them about the (short term) risks also? Someone that is not patient can not hold bitcoin. Know that it can take months before the price will start to increase to the extent that we can call it bull run.

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April 20, 2024, 01:51:21 PM
 #5

I believe you're suggest your friends like this "Ey bro, halving event will happen on April 20, let's invest in Bitcoin right now (before April 20), I'm sure the price will increase after halving!"

Who are not mad when they see the Bitcoin price didn't move after halving? you're the one who give promise Bitcoin price will increase after halving.

The high fees didn't affect to the Bitcoin price because there are not big demands (24 hours volume down for 42%) and to trade Bitcoin, you're not necessary need to pay fees because transaction in centralized exchange is off-chain (most people hold their coins on CEX).

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April 20, 2024, 02:41:41 PM
 #6

I believe you're suggest your friends like this "Ey bro, halving event will happen on April 20, let's invest in Bitcoin right now (before April 20), I'm sure the price will increase after halving!"

Who are not mad when they see the Bitcoin price didn't move after halving? you're the one who give promise Bitcoin price will increase after halving.

The high fees didn't affect to the Bitcoin price because there are not big demands (24 hours volume down for 42%) and to trade Bitcoin, you're not necessary need to pay fees because transaction in centralized exchange is off-chain (most people hold their coins on CEX).


Since I began to hear the narrative of halving and it's after effects, I have never heard that immediately after halving the price will increase. Where do people get their information from. I have heard so many times that after having will be dip and that dip will be an introduction to the main bull run. I have read that the heart of bull run might even be in 2025. So, I am surprised to hear that immediately it is halving, the price will start jumping.

It is time everyone in this industry will be very attentive and eventually begin to do their own research. You cannot just exist by making your decisions based on some random non factual opinions and in the end blame someone for your failure.
@Despairo, despite that I quoted you, the second paragraph of my post was for OP.

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April 20, 2024, 02:45:32 PM
 #7

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
If you give people investment advice without telling them what the risk is, or even knowing what the risk is yourself, then it is all on you. I don't think you fully understand what BTC is and what the effect of the halving is, and so you may have told your friends that as soon as it halves, they should be get ready for the value of their coins to go to the moon.

I am sorry, it is not going to happen in the way you are your 'weak hands' friends want, they should be patient and secure their coins so they do not lose it. The price of BTC would rise, but based on what happened in halvings of the past, it isn't going to happen immediately.

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April 20, 2024, 04:14:35 PM
 #8

I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Did you not tell them about the (short term) risks also? Someone that is not patient can not hold bitcoin. Know that it can take months before the price will start to increase to the extent that we can call it bull run.
That’s one of the reasons why I don’t want to suggest when it comes to potential investments. People will eventually put the blame on you when everything they see is not already working based on their plan. And even if you tell them that bitcoin has its short term risks, that won’t change the fact that they’re almost losing their investment. Patience is the key, if they can’t be patient then they should not be here in the first place.

Meanwhile, bitcoin price is still not climbing at the moment, but if you check out history about bitcoin halving, it will only goes up probably couple of months after the event. So never expect too much for bitcoin these days.

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April 20, 2024, 04:51:02 PM
 #9

Look at the past halvings and you will see that the increase wasn't sudden. It started to increase weeks/months later gradually and then all of a sudden there was a huge pump. It wasn't meant to be a instant pump, it doesnt work like that.

The block reward that miners get is cut in half, which means there is going to be less sell pressure. So about 3.125 BTC is added to the supply less than before. Thats about 450 BTC in less sell pressure which is about $30,000,000. Overtime this will make a difference but it won't be sudden. You need to be patient.

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April 20, 2024, 04:57:13 PM
 #10

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Who ever said that bitcoin price was going to increase immediately after the halving? I mean, the whole world knew that this was going to happen and simply looking at the past halvings we do have a price increase, but it's never been immediate, it took a few months. You should never tell people "buy this because it's going up" because then they are going to blame you, just like it happened.

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April 20, 2024, 05:16:17 PM
 #11

We can see transaction fees increased a lot  Tongue
There is no magic halving button to press that would increase price of bitcoin, it's just people and institutions buying and selling coins when they think it's best for them.

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April 20, 2024, 05:33:22 PM
 #12

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices.
Not halving affected the increase in the cost of bitcoin fees. Bitcoin price will be affected by an increase in demand for this type of asset, which has not yet increased, otherwise the price would have increased. Halving affects an increase in demand (due to a reduction in mining), but not directly.

I suggested some friends to invest before and they are blaming me for the suggestion.
Next time, you will be more careful when making suggestion for something that you can't influence in any way (increase in value and enrichment immediately after halving).

I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Days? This may take months. The bullrun in past cycles began with a delay, and not immediately after the halving.

The impatient have no place in investing.

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April 20, 2024, 05:37:09 PM
 #13

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

don't bother. you can always tell them again when the price has already flown to the moon.
i have heard a few stories like this before which someone got blamed for making them invest, it will just be bad if the market is about to go downtrend already, and those who invest lose money.

in your case you're in the right time since halving has just started and bull market is bout to go in weeks or maybe a few months.









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April 20, 2024, 05:56:12 PM
 #14

We can see transaction fees increased a lot  Tongue
There is no magic halving button to press that would increase price of bitcoin, it's just people and institutions buying and selling coins when they think it's best for them.

Even if the price of BTC would increase as we expect to, it wouldn't happen suddenly after just a day after the halving, because the price depends on investors demand and we see currently that investors are quiet and waiting until they decide it is the right time to start investing.
Am sure more users and investors would crowd the Bitcoin ETF because it is one peck that has given BTC more value and a good option for investment.

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April 20, 2024, 06:24:15 PM
 #15

I have noticed that Bitcoin halving has become a recent trend all over the socials. Just a few days before it happened I saw people  like you, suggesting to others to buy Bitcoin, claiming it would pump and bring them huge gains from few hundred bucks. While it's not wrong to suggest to your friends to consider investing in Bitcoin if they believe in it, it import for you to not make false promises without any good knowledge or understanding of what’s the purpose of halving in first place. After all, none of us can predict Bitcoin's next move or analyze how this event will affect its price in short term.
Historically, the price of Bitcoin doesn't pump immediately after halving. Instead, it tends to increase slowly and steadily, then eventually reaching new ATH. Even though, it takes time to see a healthy chart without huge dumps.

If your friends are still upset because Bitcoin didn't go as you promised them, they can always close their trades or exchange it again. But it's an opportunity for you to learn more about Bitcoin and explaining to your friends that this investment should be viewed from a long term perspective, not as a hit and run thing or winning a lottery.

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April 20, 2024, 06:28:38 PM
 #16

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Bitcoin still has great potential of doing very well in the near few months, but that doesn't mean it's gonna be immediately, as such price increase is a gradual process caused by demand and supply of Bitcoin just as it has always been for the past 3 Bitcoin halving. So if your friends seems to blame you today for not seeing an immediate massive increase in the price of Bitcoin, then I'm sure it must have been as a result of the false/wrong information you gave them while introducing them to Bitcoin investment. Because if you had told them that by investing $100 in Bitcoin, after halving they will have profit of $10,000 or turn millionaires overnight, then they are likely to get worried why halving has come and gone and yet they are not yet millionaires.  But if only had told them Bitcoin Is an asset whose value is controlled by demand and supply, and the more longer a person holds his/her Bitcoin then such individual are likely not to be worried about the stagnating price of Bitcoin.

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April 20, 2024, 07:01:21 PM
 #17

In my opinion, bitcoin price have increasing drastically one month before halving and less positive impact after halving with bitcoin not increasing yet, its normally the holder or investor prefer waiting bitcoin get down than investing with bitcoin still on higher price moment. Comparison with last crash of bitcoin price under $20k, today bitcoin had increasing up drastically above thousand hundred percent and I think need moment for few months later to see bitcoin get up again.
Since last month break new all time high price around $73k, bitcoin has difficult moment will break out any more to new higher price after many bad issues with war conflict. Keep patience awhile with bitcoin potential raise to higher price usually few months later after halving has opportunity get raise up.

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April 20, 2024, 07:09:48 PM
 #18

Such types of people are so greedy that they cannot wait for the proper timing and due to their impatience they always lose the opportunity to win good revenue. They have a lack of knowledge and they just invest in Bitcoin due to your suggestions so I think continuing Bitcoin investment will be hard for them as they don't know anything but follow what you have said to them.

Bitcoin halving cannot cause the price to reach 100k$ in an hour but the effect is slower therefore if someone cannot wait then they should not invest in Bitcoin because success in Bitcoin investment is impossible without patience.



 

 

 

 

 

 


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April 20, 2024, 07:10:56 PM
 #19

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

We can't control what the transaction price will be, as other commented, their is this rune protocol, (https://cointelegraph.com/news/runes-protocol-ignite-new-season-bitcoin-after-halving).

In any case, in any investment, everyone should have patience, and you should explain this to your friends, as it's not your fault. It will take months before they can see our investments grow. There is no "instant" in Bitcoin, everything will come into fruition and the best gauge is at least at the end of the year and not days or weeks after the halving itself. And that is that sometimes it's better to just not let everyone knows about our investment and persuade them to do so because of this kind of blaming games.

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April 20, 2024, 07:11:11 PM
 #20

It never had a direct impact the next day after the halving, wait for a few months Wink

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April 20, 2024, 07:15:53 PM
 #21

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

You suggested that people buy Bitcoin without giving them the right information, that's not the right approach. Before you recommend any investment platform to anyone you should have a foundational knowledge about the investment platform. Just as others have said, Bitcoin halving might not have an immediate effect on the price of Bitcoin, it might take some months for the price to start appreciating. Bitcoin might get to ATH late this year or early next year.

I guess they are blaming you because you told them that they will make instant money if they invest in Bitcoin. But it is also important to tell people that Bitcoin is not a get-rich-quick scheme where you invest and make gains within a few months. The reason is that the price is volatile and the market is also unpredictable. People should have a long-term plan when they are investing in Bitcoin and using DCA should be ideal for beginners.

However, tell them to be patient, hopefully, they will make some profit from their investment. I also hope you taught them about keeping their investment safety in a decentralized wallet because you might receive more blame if they lose their money in a centralized wallet

R


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April 20, 2024, 07:20:30 PM
 #22

The answer is very simple: halving doesn't impact existing bitcoins but the ones that are yet to be mined. Imagine that it costed someone $100 to mine a certain part of bitcoin. Now it's going to cost them $200 to do the same thing. They're not going to sell what they mined for less than $200. This means that while the same miner was willing to set prices as low as $105, now will be forced to put it on the market for $205 to make any money, but for that to happen some new coins have to be mined and sold. Before that the price will very slowly climb up because miners will sell less and less at today's price, BUT (there's always but) we don't know how much bitcoin mined before the halving they hold. Despite it being past halving, miners can keep selling below the mining cost because they'd be selling old coins, ones that were mined last month and a month before, so it can take some time before halving impacts the price.

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April 20, 2024, 09:12:33 PM
 #23

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Op after halving? How? We are in the halving now and that is why the fee increased and it is not yet for bitcoin to increase in price for now. So it is not advisable to send small amount nof coins from Electrum to exchange for selling or buying. We have to wait till after this period. But the price of bitcoin was going up but I still believed that the price will comes down and let see what will happen tomorrow upwards.
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April 20, 2024, 11:04:32 PM
 #24

You enthusiastically encouraged your friend to invest in before the recent halving event, guaranteeing major gains.  However, the market has not responded as anticipated.  Your friend trusted your advice and now feels frustrated by losses and uncertainty. 

While motivated by good intentions, we must proceed carefully when advising others on complex matters like crypto investing.  No one can guarantee outcomes amidst the volatility and  you should have more transparency about the risks and unknowns at play.  Rather than making bold predictions, it would be better for you to warn your friends about all possible scenarios, so that they can make fully-informed decisions aligned with their risk tolerance. Should prices rebound later, as some analysts project, it may offer your friend validation. Yet timing the market is rarely so predictable.

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April 20, 2024, 11:09:53 PM
 #25

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Op after halving? How? We are in the halving now and that is why the fee increased and it is not yet for bitcoin to increase in price for now. So it is not advisable to send small amount nof coins from Electrum to exchange for selling or buying. We have to wait till after this period. But the price of bitcoin was going up but I still believed that the price will comes down and let see what will happen tomorrow upwards.

We are in the halving and waiting for a dip so we don't expect the price of Bitcoin to rise within this period even if it rises, there is going to be some corrections as a result of the effects of the halving, so this is basically a period of holding. So leaving one's coins inside your wallet is the best for now while waiting for the price to skyrocket after halving.

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April 20, 2024, 11:16:12 PM
 #26

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Take note that the effect of the halving will not take effect "IMMEDIATELY". It will take some time before we will experience the effect of it.

I've seen the Bitcoin halving event last 2020 and I'm pretty sure most here also experienced the the 2016 and even the 2012. What I saw at that time is that, Bitcoin's price remained stagnant after the event. There's no immediate effect of it towards the price of Bitcoin. They're impatient? It's not your fault anymore if they're impatient. Tell to them not to invest anymore. Investing is a game of patience. Those who are patient enough to wait are the ones that will earn the most profit here. If they're impatient then tell to them not to invest anymore and just use their money in other things.

This is also one of the reasons why I'm hesitant to share anything related to cryptocurrency to other people.

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April 20, 2024, 11:42:34 PM
 #27

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

You suggested that people buy Bitcoin without giving them the right information, that's not the right approach. Before you recommend any investment platform to anyone you should have a foundational knowledge about the investment platform. Just as others have said, Bitcoin halving might not have an immediate effect on the price of Bitcoin, it might take some months for the price to start appreciating. Bitcoin might get to ATH late this year or early next year.

I guess they are blaming you because you told them that they will make instant money if they invest in Bitcoin. But it is also important to tell people that Bitcoin is not a get-rich-quick scheme where you invest and make gains within a few months. The reason is that the price is volatile and the market is also unpredictable. People should have a long-term plan when they are investing in Bitcoin and using DCA should be ideal for beginners.

However, tell them to be patient, hopefully, they will make some profit from their investment. I also hope you taught them about keeping their investment safety in a decentralized wallet because you might receive more blame if they lose their money in a centralized wallet
Perfectly said. I guess you forget to tell them that we won't see price skyrocketing right after halving, that usually happens even before the past halvings so you should have known that and tell them straightforward. And that at some point, bitcoin may also not going to repeat its history and might take another price trend, I hope you should also make them aware of that. And lastly, never expect too much from halving, but put their high hopes only if bitcoin bull run is finally around since it's the best time to sell and gain massive returns.

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April 20, 2024, 11:47:36 PM
 #28

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

You cannot expect that it will automatically increase once the halving its done since same with other circumstances its still need demand a really huge once before we can see the increase you are talking here. Also we are not sure that there's something price increase that will really happen since each year maybe show us different result so instead of get confuse about the current happening after the halving better focus on how you can earn a lot of bitcoins or accumulate so that you can generate profits if any possibility of bull run that will occur after this event happened. Also try to have good knowledge first about bitcoin before investing on it since if you are there just for the hype for sure you will get crazy if some miscalculated happenings occur.

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April 20, 2024, 11:53:35 PM
 #29

Because that's not how things work, never in any bitcoin halvings did bitcoin just pumped to the point of achieving a new all-time high because those pumps that you're talking about, it takes time before it happens and we all know how long it's going to be before it does that. People like you asking this question are the kind of people that will easily panic when things for bitcoin starts not looking good, you don't have a lot of faith of what bitcoin does, we're more close to getting to 2 decades with bitcoin now and you still don't think that there's only one way for bitcoin to go which is up to the moon?

Just remember to not panic, most of the things that's happening in bitcoin that has a negative impact or a neutral one are short-term stuff that's not really worth mulling over for long periods of time.

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April 21, 2024, 01:12:28 AM
 #30

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Mate tell them to calm down lol.

It’s only been a day or maybe even less for some since the 4th halving of bitcoin. It will rack up the price of bitcoin, yes but it’s not gonna happen right away. It is your friends’ fault to not having made that research. Honestly this is why I no longer try to give financial advices to people because they will come up with their own expectations and if it doesn’t go their way somehow it is my fault.

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April 21, 2024, 02:22:42 AM
 #31

Give it a month when Bitcoin miners have to pay their monthly electricity bill.
Many miners won't keep up with the demand and have to sell their mining rig from losing profit because of electricity bills.
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April 21, 2024, 02:54:59 AM
 #32

After halving, it should take time for people to realize that mining at the current price is not profitable for them, and they should also realize that holding now is more profitable than selling. A person is often a slow thinker
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April 21, 2024, 05:12:25 AM
 #33

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
It is obvious you told your friends that they will become rich immediately after the halving, you did not properly inform them how Bitcoin works around the halving period that is why they are anxious to see the surge in price. At this point you have to do damage control which is to inform them that halving is just the process that lead to bull run, it is not instant so it will require some time before the effect begin to manifest in the market price.
Another thing is that you failed to inform them that the halving of this year seems a lot different from other years probably because of the ETF approval that caused the bull run to start earlier than expected. So it is understandable why we did not see much impact of the halving in the price yet but eventually it will begin to reflect on the price.

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April 21, 2024, 05:45:36 AM
 #34


Take note that the effect of the halving will not take effect "IMMEDIATELY". It will take some time before we will experience the effect of it.

I've seen the Bitcoin halving event last 2020 and I'm pretty sure most here also experienced the the 2016 and even the 2012. What I saw at that time is that, Bitcoin's price remained stagnant after the event. There's no immediate effect of it towards the price of Bitcoin. They're impatient? It's not your fault anymore if they're impatient. Tell to them not to invest anymore. Investing is a game of patience. Those who are patient enough to wait are the ones that will earn the most profit here. If they're impatient then tell to them not to invest anymore and just use their money in other things.
But what I am thinking is that if the mempool is congested like in the halving and nobody can do transaction in this because of high transaction fee then what will happen in the ATH? As nobody can buy now because of the high the same thing will still happen in All Time High because at that time everyone will like to sell and the mempool will be overloaded with high fee so people will be afraid to send their coins from Electrum to exchange to sell because nof high. LogitechMouse this is your second experience in the halving and All Time High (ATH). What do you say about that?
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April 21, 2024, 08:18:40 AM
 #35

Other members already made some good points that the price of Bitcoin often doesn't shoot up right after a halving happens.  Sometimes it takes weeks or even months before you notice the price reacting.  The recent jump in mining fees probably isn't directly related to the halving itself either - it is possibly related to the Rune protocol launch. 

So while we can't predict exactly whatll happen price-wise in the next few days, the halving could give Bitcoin a boost over the long run.  By cutting the number of new coins out there, it makes existing bitcoins more scarce and  and scarcity can drive up demand according to some economic principles.  Still, you've gotta be real careful about dishing out financial advice to your buddies so you don't end up in awkward spots like this one.

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April 21, 2024, 09:17:52 AM
 #36

Quote
Why has bitcoin prices not increased just after halving ?

As I predicted, in the coming days more topics similar to this will appear. Most people are too focused and have great expectations on the halving, and they think that bitcoin will increase in price immediately when the halving is completed. It won't stop there, many people will complain, get discouraged and will even sell their bitcoins and blame whoever gave them the idea that bitcoin will increase immediately after the halving. The same thing when ETFs are approved will repeat, when people are depressed and disappointed bitcoin will increase in price  Grin Grin Grin.

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April 21, 2024, 09:44:41 AM
 #37

I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Did you not tell them about the (short term) risks also? Someone that is not patient can not hold bitcoin. Know that it can take months before the price will start to increase to the extent that we can call it bull run.
Bitcoin is not a get rich quick scheme, it requires buy, hudl and wait patiently for the right price to sale, that is why it's better as a long term investment, so you'll not have the mindset of overnight price pump. This is my first halving, and from my research of previous halvings, price pump doesn't start immediately after it, it'll normally take months before we'll begin to see it, and that'll be the bull run. I guess the OP didn't research well before making promises of price pump after halving, to his friends, I guess he has to do the needful by letting them to understand how halving and price works.

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April 21, 2024, 12:26:43 PM
 #38

Bitcoin halving is just a day away. Have you told your friends that the Bitcoin halving will increase or decrease in value? Have you been able to properly educate your friends about Bitcoin? Did you not give them a proper description of how bitcoin works and how it behaved during past bitcoin halving and what its market conditions were like. I think you didn't if you told them the right thing they wouldn't be impatient at all but then they would be patient hoping to make a profit And the rise or fall of the Bitcoin market is never instantaneous, rather it moves slowly at its own pace and eventually reaches a plateau. You should understand your friends well about this and be patient otherwise they will be held back from earning their earned profits.

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April 21, 2024, 12:49:12 PM
 #39

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion.
I thought that this thread is about someone who's ranting about just after the halving and why the price of Bitcoin ain't increasing. But you're right with that suggestion of yours to buy while they can still look at this level of $60k. We've never got tired of reminding people to buy Bitcoin at any range that seem to be good at the moment and we always tell to buy before we'll never get to see these prices again. Whoever listens or does the initiative to buy, they're always the ones that are victorious and laughing at the end to the people that have laughed at them because they've never believed Bitcoin.

I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Not just days but months or even a year after it.  Cheesy

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April 21, 2024, 12:52:51 PM
 #40

Has there ever been a previous history of halving the price going up? If you are questioning like this then you are a person who is impatient with the increase in bitcoin. Wait more than a year to see the reaction.

When your advice does not go to your friends to invest then just keep quiet as long as you yourself do it, do not let the advice be given you yourself do not take any investment action, it's like nonsense.

For example, if someone asks me about investing in crypto, I will answer: Bitcoin
Will it be profitable faster, the answer is: NO.
Bitcoin is not a get rich quick scheme.

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April 21, 2024, 03:41:01 PM
 #41

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Your good intentions in giving advice to other people regarding Bitcoin being halved are indeed good in general, but on the other hand you also have to realize that in any case not everyone can have the same level of patience so they could blame you. when they start to face risks that are painful for them. So don't blame those who don't have enough patience for what you suggest because you also shouldn't waste more time on people who don't have patience because they will definitely blame you someday.

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April 21, 2024, 04:11:34 PM
 #42

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion.
I thought that this thread is about someone who's ranting about just after the halving and why the price of Bitcoin ain't increasing. But you're right with that suggestion of yours to buy while they can still look at this level of $60k. We've never got tired of reminding people to buy Bitcoin at any range that seem to be good at the moment and we always tell to buy before we'll never get to see these prices again. Whoever listens or does the initiative to buy, they're always the ones that are victorious and laughing at the end to the people that have laughed at them because they've never believed Bitcoin.

For those willing to take risks or already knowledgeable about the bitcoin market, advising someone to buy bitcoin is always considered a good thing. But you giving advice to people who know nothing about bitcoin is no longer good advice. Even you yourself do not guarantee that your investment will bring profit, how can you give advice to someone who knows nothing about bitcoin? Dont rush to give financial advice to anyone if you don't want to be blamed like the OP.

I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Not just days but months or even a year after it.  Cheesy

OP will soon receive more criticism when he claims that the bull season will come a few days after the halving. Not only OP but many newbies are having this wrong thinking and they don't know that it will take at least a few months or a year for the price increase season to come or never come, nothing is 100% certain.

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April 21, 2024, 05:20:34 PM
 #43

Give it a month when Bitcoin miners have to pay their monthly electricity bill.
Many miners won't keep up with the demand and have to sell their mining rig from losing profit because of electricity bills.
The Bitcoin mine owner should be able to adjust this by making initial calculations before mining Bitcoin, because if things like that are used as an excuse for them to no longer mine and sell their machines to others, of course other people will also think twice when they want to buy a rig. mining before the buyer uses it. So I think that reason is the wrong thing to say even though it can also be quite reasonable in order to be able to sell mining rigs that have been used before.

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April 21, 2024, 05:25:32 PM
 #44

I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
With the high transaction fees I do not think anyone will want to spend their bitcoins it will be madness. You have given the correct suggestion to your friends. They must be patient is not like they have a loss unless they want to lose. They should check back in 25 - 30days as the halving has occurred. What will happen between this time is the bull run that we all have been anticipating as well as the reduction in the transaction fee. It require a lot of patience and they should find some other things to occupy their minds while we wait. Bitcoin is going up and that is assured.

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April 21, 2024, 06:30:51 PM
 #45

The halving was just yesterday.

Don't count hours or days. Count months and years.

A year from now should show a result from the halving.
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April 21, 2024, 06:32:15 PM
 #46

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

That’s the misconceptions about the halving. The coming of the halving does not mean that the price of bitcoin will skyrocket. For past histories, it use to take a while until the bull run before they increase. Halving takes place and reduce the price of miners reward. After some time, the effect of it will be felt and that is what generates into the bull run season to have a new all time high of bitcoin. Bitcoin market is unpredictable, don’t promise people you’re bringing in that they’ll make it overnight when they invest in bitcoin, it is a long term investment.

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April 21, 2024, 07:36:48 PM
 #47

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Halving event doesnt really give out that immediate effect like increasing its price or whatsoever, it would usually take up for a couple of months or 6-9 months exactly on basing up with the previous cycles
on which this is something that could likely happen on this current cycle. You would really be getting blamed if you do make out some asurrance into those someone who you do give out some advises.
If they are complete noob then most of them are really that impatient and this is why its not that shocking that they will really be having that kind of reaction on which this is something
that they would really be having in minds and expecting something positive but its not.

Tell them to hold, it would really be taking up some time for the market to make out that bull run and its better to keep on DCA whenever it drops because in post-halving event
there would really be those huge pull bucks i must say.

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April 21, 2024, 08:04:16 PM
 #48

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
You made two mistakes here, the first one was to believe that an increase on the price after the halving will happen immediately, but this is not the way it works, as it could take months before bitcoin goes up in value, your second mistake, and by far the biggest one, is that not only you suggested to your friends to invest in bitcoin, but you also imparted onto them the mistaken idea that bitcoin will grow in value very quickly, so I think they are on their right to partially blame you if they lose their money, and depending on how severe are their losses, how mad they are about it and the legislation on your country regarding your actions, you may even get sued by them.

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April 21, 2024, 08:15:22 PM
 #49

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Halving event doesnt really give out that immediate effect like increasing its price or whatsoever, it would usually take up for a couple of months or 6-9 months exactly on basing up with the previous cycles
on which this is something that could likely happen on this current cycle. You would really be getting blamed if you do make out some asurrance into those someone who you do give out some advises.
If they are complete noob then most of them are really that impatient and this is why its not that shocking that they will really be having that kind of reaction on which this is something
that they would really be having in minds and expecting something positive but its not.

Tell them to hold, it would really be taking up some time for the market to make out that bull run and its better to keep on DCA whenever it drops because in post-halving event
there would really be those huge pull bucks i must say.
On the time or on the moment that you would really be telling someone to invest on Bitcoin or any altcoins in the market and give out that kind of projection about making huge money then you are really that bound on getting blamed in the end of the line on which this is something that could really happen because you do give out that kind of assurances to them to make money which is really that a bad idea. Whenever you do make out some recommendations then it would really be always best that you do explain to them about the risks factor. Always go for the good side and the bad side and explaining to them about those probabilities so that on the time that they are seeing their portfolio to be in reds then they would really be that wary and wouldnt really be giving out those blaming vibes just because you have told them about the risks or simply its cons.
People wont really be pointing out a finger on you if you do make out that good advises and telling about the risk. I do agree on what you have said that newbies are normally be on this way on which they are really that anticipating all the time for positive things to happen without tending to see the other side.

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April 21, 2024, 09:29:14 PM
 #50

I thought that this thread is about someone who's ranting about just after the halving and why the price of Bitcoin ain't increasing. But you're right with that suggestion of yours to buy while they can still look at this level of $60k. We've never got tired of reminding people to buy Bitcoin at any range that seem to be good at the moment and we always tell to buy before we'll never get to see these prices again. Whoever listens or does the initiative to buy, they're always the ones that are victorious and laughing at the end to the people that have laughed at them because they've never believed Bitcoin.

For those willing to take risks or already knowledgeable about the bitcoin market, advising someone to buy bitcoin is always considered a good thing. But you giving advice to people who know nothing about bitcoin is no longer good advice. Even you yourself do not guarantee that your investment will bring profit, how can you give advice to someone who knows nothing about bitcoin? Dont rush to give financial advice to anyone if you don't want to be blamed like the OP.
It's true that they might blame you for giving tips about buying Bitcoin and I've been there and experienced that before. But how it could be that someone will ever know Bitcoin if they you won't tell them what Bitcoin is and whether they should buy or not? We already started from having no knowledge about it until we become curious, did some research and asked people's advise as well.

Not just days but months or even a year after it.  Cheesy

OP will soon receive more criticism when he claims that the bull season will come a few days after the halving. Not only OP but many newbies are having this wrong thinking and they don't know that it will take at least a few months or a year for the price increase season to come or never come, nothing is 100% certain.
That's okay, I know that he's optimistic about that but don't tell an instant advise that Bitcoin will soon pump. Give it some time and enjoy the ride.

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April 21, 2024, 09:39:43 PM
 #51

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

The 2016 ½ ing was around may or maybe july

the peak was dec 2017 over 15 months later.

the 2020 ½ ing was around may or july 2020 the peak or peaks hit in april 2021 and nov 2021 over or close to a year later.

so we have a long wait to see the ath.

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April 21, 2024, 10:53:16 PM
 #52

Alot of new investors have misunderstood what bitcoin halving really stands for and how it influence the market, knowing the fact that bitcoin halving doesn't automatically results into increase pricing and as a matter of fact before an all time high price can call me after bitcoin halving is sometimes take up to six months to even close to one year.
This will disappoint alot of the unknowledgeble speculators who have speculated various price and timing for bitcoin to take another shape or price turn after the halving cycle.

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April 22, 2024, 01:57:04 PM
 #53

I thought that this thread is about someone who's ranting about just after the halving and why the price of Bitcoin ain't increasing. But you're right with that suggestion of yours to buy while they can still look at this level of $60k. We've never got tired of reminding people to buy Bitcoin at any range that seem to be good at the moment and we always tell to buy before we'll never get to see these prices again. Whoever listens or does the initiative to buy, they're always the ones that are victorious and laughing at the end to the people that have laughed at them because they've never believed Bitcoin.

For those willing to take risks or already knowledgeable about the bitcoin market, advising someone to buy bitcoin is always considered a good thing. But you giving advice to people who know nothing about bitcoin is no longer good advice. Even you yourself do not guarantee that your investment will bring profit, how can you give advice to someone who knows nothing about bitcoin? Dont rush to give financial advice to anyone if you don't want to be blamed like the OP.
It's true that they might blame you for giving tips about buying Bitcoin and I've been there and experienced that before. But how it could be that someone will ever know Bitcoin if they you won't tell them what Bitcoin is and whether they should buy or not? We already started from having no knowledge about it until we become curious, did some research and asked people's advise as well.

Not just days but months or even a year after it.  Cheesy

OP will soon receive more criticism when he claims that the bull season will come a few days after the halving. Not only OP but many newbies are having this wrong thinking and they don't know that it will take at least a few months or a year for the price increase season to come or never come, nothing is 100% certain.
That's okay, I know that he's optimistic about that but don't tell an instant advise that Bitcoin will soon pump. Give it some time and enjoy the ride.

For those who have never heard of bitcoin, I think we should introduce and provide materials, their knowledge will be many times better by giving advice to invest in bitcoin when they do not know anything. 

If OP doesn't rush to urge his friend to buy bitcoin, but instead takes the time to teach them everything about bitcoin and let them make their own investment decisions. I believe OP will not be blamed and his friends will also be more confident in holding bitcoin. Unlike now, they start to panic and may even dump if bitcoin suddenly drops in price.

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April 22, 2024, 03:32:42 PM
 #54

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

The average transaction fee for low priority as I write this post is 107 sat/vB or the equivalent of $9.8. Of course, these are expensive transaction fees for the small transaction category, but not a big deal for those who can afford the fees. The price of bitcoin has increased several percent since the halving went live, but certainly not as much as the expectation of some beginners who were expecting tens of percent to hundred.

The impact of the halving on the price of bitcoin is very dependent on demand and supply, meaning that the halving will not necessarily make the price rise drastically if demand for bitcoin does not increase. You still have to wait patiently, they and I are the same if you want to get higher returns than now.


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April 22, 2024, 03:45:55 PM
 #55

Alot of new investors have misunderstood what bitcoin halving really stands for and how it influence the market, knowing the fact that bitcoin halving doesn't automatically results into increase pricing and as a matter of fact before an all time high price can call me after bitcoin halving is sometimes take up to six months to even close to one year.
This will disappoint alot of the unknowledgeble speculators who have speculated various price and timing for bitcoin to take another shape or price turn after the halving cycle.

It's important to differentiate between investors and speculators.

Investors are in for the long term while speculators (gamblers) are in for short-term fiat gains.

Traders are just speculators. Hodlers are investors.
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April 22, 2024, 03:48:06 PM
 #56

Those people who expected fireworks of high prices at the time of halving, those who listened to analysts predicting high prices immediately after the event, and those who invested all their last money, expecting a quick profit, will be disappointed. And as a rule, these are people who are not real Bitcoin holders. But reasonable people know that it takes time for growth and calmly react to everything that is currently happening in the market.

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April 22, 2024, 04:37:28 PM
 #57

Those people who expected fireworks of high prices at the time of halving, those who listened to analysts predicting high prices immediately after the event, and those who invested all their last money, expecting a quick profit, will be disappointed. And as a rule, these are people who are not real Bitcoin holders. But reasonable people know that it takes time for growth and calmly react to everything that is currently happening in the market.
There are still many people asking why the price didn't rise after yesterday's halving? It looks stagnant with no change at all; that's what people who are new to the halving process often say, but they only hear that after the halving the price immediately rises without waiting for time, that person is silly.

Holders will actually know how to see the price of bitcoin later not necessarily after halving, but at least with halving we celebrate a lot after 4 years ago, but honestly I will not listen to people who keep asking "when the price goes up".

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April 22, 2024, 04:45:36 PM
 #58

Those people who expected fireworks of high prices at the time of halving, those who listened to analysts predicting high prices immediately after the event, and those who invested all their last money, expecting a quick profit, will be disappointed. And as a rule, these are people who are not real Bitcoin holders. But reasonable people know that it takes time for growth and calmly react to everything that is currently happening in the market.

Chances are, people who have such desires are not experienced in the crypto market and have no idea how the market will work after the halving is over. Over time the market will grow along with increasing demand, so of course it will take time to get higher value bitcoin.

Anyone who expects the market to grow quickly after the halving, then what you say is probably true. They will be disappointed and will probably exit the market early so ATH is not for them. On the other hand, anyone who already has a lot of experience and has gone through several halvings, maybe they will patiently wait for the market to grow over time until their goal is achieved.

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April 22, 2024, 08:33:58 PM
 #59

~snip~

For those who have never heard of bitcoin, I think we should introduce and provide materials, their knowledge will be many times better by giving advice to invest in bitcoin when they do not know anything. 
If they are interested and you've got someone and you encountered him being interested in Bitcoin then provide him with all of those materials that you know. It's not hard to look into those materials anymore when they can be found on the web and look at those videos or even blogs/articles that provides details on teaching them how to start.

If OP doesn't rush to urge his friend to buy bitcoin, but instead takes the time to teach them everything about bitcoin and let them make their own investment decisions. I believe OP will not be blamed and his friends will also be more confident in holding bitcoin. Unlike now, they start to panic and may even dump if bitcoin suddenly drops in price.
It should be for everyone, we're not the ones to decide for the investments of others. If they think that they shouldn't invest, then they shouldn't and if want to, they're all free to do it anytime they wish and at any amount they desire to invest.

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April 22, 2024, 09:48:38 PM
 #60

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Sometimes what triggers increase in transaction fees is as result of demand and supply, so when the demand is higher it will affect the transaction, for the transaction fee to be high and it has not reflected to increase in Bitcoin I may say that is normal, a bitcoin transaction increase and the price of bitcoin doesn't increase that doesn't mean its necessary that when transaction fees is high than bitcoin will also be high..

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April 23, 2024, 03:12:18 PM
 #61

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
This is why it is not advisable to encourage people to invest in Bitcoin because bull run is coming. Our only duty is to teach someone about bitcoin and tell them the risk involved in Bitcoin investment. No one knows the direction of the market, the bull run might not be as resounding as we think and could also not happen. Even if it will happen no one knows exactly when and to what extent. Little did we know that bitcoin will meet a new all-time high before halving. Assuming majority of the people knew that a new all-time high would be gotten before halving, everyone would have made the profit they needed and there would be no need for bull run. It is time we understand that there is some kind of destructuring in the Bitcoin network. It is no longer as it used to be when the network is not so huge. No one predicted that a new all-time high will arrive before halving, these also means that after having it is possible that something strange will also happen. In conclusion, invest in Bitcoin because you understand bitcoin and trust bitcoin and not because you want it to make you rich overnight, else you will be faced with a huge disappointment.

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April 23, 2024, 08:06:34 PM
 #62

People who are expecting the movement right after the halving are people who have not seen the previous halving. I have been here for three, and even with this one four halving I think, and I can tell you that we are not going to really see any big changes at all, we are seeing those changes a few months later. That's of course what I believe will happen, and doesn't mean that we are not going to end up with anything different.

Just focus on the future because halving DOES make it go up, just doesn't do it right afterwards, it takes a couple days for it to get there. I believe that we are going to end up with a much bigger and better result eventually, we just need to make sure that we can wait a few more months to get there.

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April 23, 2024, 08:11:02 PM
 #63

People who are expecting the movement right after the halving are people who have not seen the previous halving. I have been here for three, and even with this one four halving I think, and I can tell you that we are not going to really see any big changes at all, we are seeing those changes a few months later. That's of course what I believe will happen, and doesn't mean that we are not going to end up with anything different.

Exactly, I see a lot of them complaining, not just in this forum, but other social media as well and I just laugh because I'm thinking that this individuals haven't seen halving before and they thought that immediately the price is going into parabolic rise.

Just focus on the future because halving DOES make it go up, just doesn't do it right afterwards, it takes a couple days for it to get there. I believe that we are going to end up with a much bigger and better result eventually, we just need to make sure that we can wait a few more months to get there.

Long term. I mean we all know that we have problems with the high transaction fees. But if we can still get and buy Bitcoin and then hold for the next year, we all be good and having a good margin of profits and just let the market run it's course, just be patience and we will see new all time high in the future.

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April 23, 2024, 09:57:35 PM
 #64

People who are expecting the movement right after the halving are people who have not seen the previous halving. I have been here for three, and even with this one four halving I think, and I can tell you that we are not going to really see any big changes at all, we are seeing those changes a few months later. That's of course what I believe will happen, and doesn't mean that we are not going to end up with anything different.

Just focus on the future because halving DOES make it go up, just doesn't do it right afterwards, it takes a couple days for it to get there. I believe that we are going to end up with a much bigger and better result eventually, we just need to make sure that we can wait a few more months to get there.
You're right, prices won't increase as fast as they hope. Halving is just an event where the reward miners get for each block is halved, but it is also an indicator that supports it as a good fundamental for expecting big increases.

The price of bitcoin will rise gradually over time, but of course it will take months to expect greater returns. I will just wait patiently until my expected price target is achieved, of course with ignoring the short-term volatility. Beginners should certainly know how the halving impacts prices, they should learn a lot from the experiences of other users instead of hoping to get rich overnight.

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April 23, 2024, 10:37:29 PM
 #65

-snip-
You're right, prices won't increase as fast as they hope. Halving is just an event where the reward miners get for each block is halved, but it is also an indicator that supports it as a good fundamental for expecting big increases.

The price of bitcoin will rise gradually over time, but of course it will take months to expect greater returns. I will just wait patiently until my expected price target is achieved, of course with ignoring the short-term volatility. Beginners should certainly know how the halving impacts prices, they should learn a lot from the experiences of other users instead of hoping to get rich overnight.
It's unreasonable to expect prices to rise quickly after a halving - I haven't even gotten that in previous halving. Many beginners need to learn a lot and make their own analysis before investing instead of just following the hype and FOMO - this can give them insight and the ability to build their confidence in the market instead of relying on other people's prediction.

In reality - the price is not rising fast, they have to wait, and so do other people [bitcoin holders]. For example, the price can rise quickly the day after the halving - then it is a suspicious activity where the whales may be manipulating the market with the power of their money.

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April 24, 2024, 12:33:52 PM
 #66

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
This is why it is not advisable to encourage people to invest in Bitcoin because bull run is coming. Our only duty is to teach someone about bitcoin and tell them the risk involved in Bitcoin investment. No one knows the direction of the market, the bull run might not be as resounding as we think and could also not happen. Even if it will happen no one knows exactly when and to what extent. Little did we know that bitcoin will meet a new all-time high before halving. Assuming majority of the people knew that a new all-time high would be gotten before halving, everyone would have made the profit they needed and there would be no need for bull run. It is time we understand that there is some kind of destructuring in the Bitcoin network. It is no longer as it used to be when the network is not so huge. No one predicted that a new all-time high will arrive before halving, these also means that after having it is possible that something strange will also happen. In conclusion, invest in Bitcoin because you understand bitcoin and trust bitcoin and not because you want it to make you rich overnight, else you will be faced with a huge disappointment.
That's true, if you give people the right tools and the warnings, rest is up to them. I mean we all knew what we got into, some of us didn't even knew, and we tried our very best, after that the rest is up to them.

Look at the crypto market, so many people ended up making a mistake because they didn't had all the facts, they didn't know all the situation, and of course they did ended up with a mistake, we should not be worried about something like that, we should worry about the fact that we do not really know what's going on and we should be trying to just argue that if we can help someone then we should, that's about it. I believe that helping as best as we can is the only thing we can do. After that, it's all what they can do.

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April 24, 2024, 12:44:20 PM
 #67

People who are expecting the movement right after the halving are people who have not seen the previous halving. I have been here for three, and even with this one four halving I think, and I can tell you that we are not going to really see any big changes at all, we are seeing those changes a few months later. That's of course what I believe will happen, and doesn't mean that we are not going to end up with anything different.

Just focus on the future because halving DOES make it go up, just doesn't do it right afterwards, it takes a couple days for it to get there. I believe that we are going to end up with a much bigger and better result eventually, we just need to make sure that we can wait a few more months to get there.
You're right, prices won't increase as fast as they hope. Halving is just an event where the reward miners get for each block is halved, but it is also an indicator that supports it as a good fundamental for expecting big increases.

The price of bitcoin will rise gradually over time, but of course it will take months to expect greater returns. I will just wait patiently until my expected price target is achieved, of course with ignoring the short-term volatility. Beginners should certainly know how the halving impacts prices, they should learn a lot from the experiences of other users instead of hoping to get rich overnight.

That's the wrong impression of other people which they think that automatically the price would able to increase after halving. It still goes the same which it needs a lot of demands before we can see those good price pumps.

Also people need to have patience to see this and if they get discourage because they don't see what they expect to occur instantly then provably they might dump their coins for these reasons. And they might able to missed the possible bull run if this would take effect after several weeks or months. Maybe they really need to learn or get some experience on current situation so that they can figure out something good which can possibly contribute on their future investment and get successful results.

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April 24, 2024, 02:42:55 PM
 #68

Why has bitcoin prices not increased just after halving ?
Your question reminds me of one of the experts who speculated on the price of Bitcoin when it entered the halving or after.
He said:
Quote
Entering the halving or second quarter, BTC prices immediately fell and dragged the entire crypto market into the red zone. According to him, the massive liquidation taking place in the crypto market has made many investors worried.

Elsewhere I have also seen experts speculating about the price of Bitcoin after the halving.
Quote
According to him, after the halving event, Bitcoin has the potential to experience bullishness in the next one to two weeks. Apart from that, Fyqieh said that from a technical point of view, Bitcoin is currently in its resistance area and is back in a bullish condition.

The two sources I mentioned about Bitcoin after the halving occurred, as we saw above, I certainly don't have much to say in terms of the price of Bitcoin, in essence I will consider both speculations to be correct.

R


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April 24, 2024, 04:44:53 PM
 #69

Quote
before

1yr before would be fine advice and a cheap price.  Before as in a day before when its clearly signaled and easily known as an flagged event, this is hardly advice more akin to bet on red.     The market works just like any other price anywhere, if everybody already knows about it then the price reflects the tip or advise or clearly known factors already.  Its in the price, take it as lesson to remember because it happens frequently.

Halvening is a change sure but its an alteration of a repeated 10 minute event.   So there is alot of 10 minute blocks every day, across weeks and months.  Thats the real time frame on BTC, it is confusing that the moves can be sharp but the real vice like movement to halvening is like a tortoise race it matters and it is occurring but the change is slow not sharp and immediate.  I believe that dynamic does matter and we see it reflected in prices.  Your friends will be fine imo, dont worry.

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April 24, 2024, 04:50:52 PM
 #70

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Some days? No, it won’t take some days for the price to take effect as a result of the halving but it would take months and months or even probably a year from now. Introducing people into bitcoin should not be too enticing to them when telling them to join, you will be the one to be blamed if things don’t go as explained to them, just like what you did. This could be their first time attempt and because they’re not seeing the market moving in the direction you’ve told them, they may dislike this investment forever. You made it look so easy to them like it is a get quick rich scheme and that is where the problem contains. Next time, tell people it is a long term investment if they’re willing  to invest in bitcoin.

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April 24, 2024, 07:25:01 PM
 #71

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Your good intentions in giving advice to other people regarding Bitcoin being halved are indeed good in general, but on the other hand you also have to realize that in any case not everyone can have the same level of patience so they could blame you. when they start to face risks that are painful for them. So don't blame those who don't have enough patience for what you suggest because you also shouldn't waste more time on people who don't have patience because they will definitely blame you someday.
It would be better if we will ask them first if they have a long patience before we recommend BTC to them or they are the ones who approach for some tips about it. Some people can lie about it which we will not know if we are not around with them at all times but that is already their problem once they complain later on if they did not met their expectations.

The OP already answered his own question there but other than that, maybe the tension on some countries are also responsible for it. The price is still high so it may not be a big deal for some who bought before but the ones that bothers them is the sudden increase in transaction fees.

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April 24, 2024, 08:07:41 PM
 #72

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
This is why it is not advisable to encourage people to invest in Bitcoin because bull run is coming.

Isn't it a right timing to invest in Bitcoin because a bull run is coming?  When do you suggest to invest in Bitcoin?  When the bear market is coming?  Since the bull run is coming, those who invested before the bull run will surely get a profit when the bull run comes.  I believe it is best to accumulate Bitcoin before the bull run and not before the bear market take place.

The current Bitcoin transaction hike is not because of the higher volume of Bitcoin transactions but because of the Rune that is launched right after the Bitcoin hlaving.

 
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Our only duty is to teach someone about bitcoin and tell them the risk involved in Bitcoin investment.


Actually, we do not have any obligation to teach anyone about Bitcoin.  Teaching people about Bitcoin is voluntary not mandatory unless you are paid for it.

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No one knows the direction of the market, the bull run might not be as resounding as we think and could also not happen. Even if it will happen no one knows exactly when and to what extent.


That is why we need to accumulate either through bulk buying or DCA before the bull market take place.

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Little did we know that bitcoin will meet a new all-time high before halving. Assuming majority of the people knew that a new all-time high would be gotten before halving, everyone would have made the profit they needed and there would be no need for bull run.

Whether one needs a bull run or not, the bull market may occur if the recent price is more than 20% of the current market bottom.  It is a natural occurrence of a market regardless of whether people need it or not.



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April 24, 2024, 08:57:58 PM
 #73

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Your good intentions in giving advice to other people regarding Bitcoin being halved are indeed good in general, but on the other hand you also have to realize that in any case not everyone can have the same level of patience so they could blame you. when they start to face risks that are painful for them. So don't blame those who don't have enough patience for what you suggest because you also shouldn't waste more time on people who don't have patience because they will definitely blame you someday.
It would be better if we will ask them first if they have a long patience before we recommend BTC to them or they are the ones who approach for some tips about it. Some people can lie about it which we will not know if we are not around with them at all times but that is already their problem once they complain later on if they did not met their expectations.

The OP already answered his own question there but other than that, maybe the tension on some countries are also responsible for it. The price is still high so it may not be a big deal for some who bought before but the ones that bothers them is the sudden increase in transaction fees.
One of the most common newbie behavior is that they are really that impatient on which on the time that they would really be making out some investment or have decided to throw up some bucks into Bitcoin or crypto then they would already be  that expecting that it would really be having a pump on the 1st day of their waiting and on the time that they've seen it dropping then this is the time that they would really be freaking out on which this is really something that a very common newbie mistake on such behavior. On the time that they would really be able to gain up sufficient experience on how this market works then they would really be soon laughing into themselves that they have those kind of laughable thoughts initially and pretty sure that majority of us did really able to pass up into this kind of phase.  Smiley

In regarding about post halving price increase then its not something a guaranteed. There's no such thing about assurance even if we do have that halving event.
Usually prices would be starting up to climb after several months of post halving event but no one really knows the exact dates of course.

R


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April 24, 2024, 09:47:58 PM
 #74

~ prices won't increase as fast as they hope. Halving is just an event where the reward miners get for each block is halved, but it is also an indicator that supports it as a good fundamental for expecting big increases.
Indeed. The price won't suddenly skyrocket, it takes time for a significant increase. It is not a new altcoins that may skyrocket just in few days because of a hype. Bitcoin is an established coin that grows gradually. Let's give it the time for growing day after day. Even if it looks a bit slower, but it looks like to grow as we expect.

The price of bitcoin will rise gradually over time, but of course it will take months to expect greater returns. I will just wait patiently until my expected price target is achieved, of course with ignoring the short-term volatility. Beginners should certainly know how the halving impacts prices, they should learn a lot from the experiences of other users instead of hoping to get rich overnight.
If we look at the history of the previous bullrun seasons, it may need some months or even a year to increase significantly. It probably will be at the end of this year or in the early of 2025 to see the big move in Bitcoin price. Bitcoin has just reached its new ATH few weeks ago ($73k), it should take time to have another new ATH. So, it is true that we must be patient to wait for the next big pump of Bitcoin price.



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April 24, 2024, 09:51:47 PM
 #75

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
This is why it is not advisable to encourage people to invest in Bitcoin because bull run is coming. Our only duty is to teach someone about bitcoin and tell them the risk involved in Bitcoin investment. No one knows the direction of the market, the bull run might not be as resounding as we think and could also not happen. Even if it will happen no one knows exactly when and to what extent. Little did we know that bitcoin will meet a new all-time high before halving. Assuming majority of the people knew that a new all-time high would be gotten before halving, everyone would have made the profit they needed and there would be no need for bull run. It is time we understand that there is some kind of destructuring in the Bitcoin network. It is no longer as it used to be when the network is not so huge. No one predicted that a new all-time high will arrive before halving, these also means that after having it is possible that something strange will also happen. In conclusion, invest in Bitcoin because you understand bitcoin and trust bitcoin and not because you want it to make you rich overnight, else you will be faced with a huge disappointment.
You are right there. People should not rush into bitcoin in order to ride with the bull run, because that may only cause high pressure on the part of investors and may only get frustrated if their awaited bull run does not meet their expectations. It’s better that they will invest without knowing bull run so they won’t chase for it, and invest when the market is still bearish so they will be able to maximize their purchase and gain massive profits when they decide to sell after years of hodling their coins.

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April 24, 2024, 09:59:14 PM
Last edit: April 24, 2024, 10:14:20 PM by Hamphser
 #76

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
This is why it is not advisable to encourage people to invest in Bitcoin because bull run is coming. Our only duty is to teach someone about bitcoin and tell them the risk involved in Bitcoin investment. No one knows the direction of the market, the bull run might not be as resounding as we think and could also not happen. Even if it will happen no one knows exactly when and to what extent. Little did we know that bitcoin will meet a new all-time high before halving. Assuming majority of the people knew that a new all-time high would be gotten before halving, everyone would have made the profit they needed and there would be no need for bull run. It is time we understand that there is some kind of destructuring in the Bitcoin network. It is no longer as it used to be when the network is not so huge. No one predicted that a new all-time high will arrive before halving, these also means that after having it is possible that something strange will also happen. In conclusion, invest in Bitcoin because you understand bitcoin and trust bitcoin and not because you want it to make you rich overnight, else you will be faced with a huge disappointment.
You are right there. People should not rush into bitcoin in order to ride with the bull run, because that may only cause high pressure on the part of investors and may only get frustrated if their awaited bull run does not meet their expectations. It’s better that they will invest without knowing bull run so they won’t chase for it, and invest when the market is still bearish so they will be able to maximize their purchase and gain massive profits when they decide to sell after years of hodling their coins.
People are rushing and expect that after day 1 of halving event they are really that longing for that huge long green candle on the chart. lol

For those who havent been able to experience bull run then they would really be having that kind of approach or beliefs that they do have in mind since they do lack that awareness and experience.
On the time that they've been wary about on how this market works then they would really be that tending to adjust accordingly. It do really still takes time but of course its something that would
not be known on when it would happen. It is really just that people are really that too impatient on things on which they do really believe that they could really be able to handle it out
so easily and did expect that price pumps could really happen afterwards.

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April 25, 2024, 10:17:17 AM
 #77

It's unreasonable to expect prices to rise quickly after a halving - I haven't even gotten that in previous halving. Many beginners need to learn a lot and make their own analysis before investing instead of just following the hype and FOMO - this can give them insight and the ability to build their confidence in the market instead of relying on other people's prediction.

In reality - the price is not rising fast, they have to wait, and so do other people [bitcoin holders]. For example, the price can rise quickly the day after the halving - then it is a suspicious activity where the whales may be manipulating the market with the power of their money.

According to my experience most of the people have just bought Bitcoin because they were assuming that market will automatically go higher once halving takes place but it is not true because the quick effects of halving have not been seen in previous halving. If such people have used their knowledge then they don't need to buy accurately to other people's estimation and now they will not be questing about the timing of halving effects.

If there were sudden and quick effects of halving then people will sell their assets one day after halving and will leave the market but there is no known limit of all the time high value and no exact time is known therefore people can take profit by using their tolerance here.



 

 

 

 

 

 


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April 26, 2024, 08:46:21 AM
 #78

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
This is why it is not advisable to encourage people to invest in Bitcoin because bull run is coming. Our only duty is to teach someone about bitcoin and tell them the risk involved in Bitcoin investment. No one knows the direction of the market, the bull run might not be as resounding as we think and could also not happen. Even if it will happen no one knows exactly when and to what extent. Little did we know that bitcoin will meet a new all-time high before halving. Assuming majority of the people knew that a new all-time high would be gotten before halving, everyone would have made the profit they needed and there would be no need for bull run. It is time we understand that there is some kind of destructuring in the Bitcoin network. It is no longer as it used to be when the network is not so huge. No one predicted that a new all-time high will arrive before halving, these also means that after having it is possible that something strange will also happen. In conclusion, invest in Bitcoin because you understand bitcoin and trust bitcoin and not because you want it to make you rich overnight, else you will be faced with a huge disappointment.
You are right there. People should not rush into bitcoin in order to ride with the bull run, because that may only cause high pressure on the part of investors and may only get frustrated if their awaited bull run does not meet their expectations. It’s better that they will invest without knowing bull run so they won’t chase for it, and invest when the market is still bearish so they will be able to maximize their purchase and gain massive profits when they decide to sell after years of hodling their coins.
People are rushing and expect that after day 1 of halving event they are really that longing for that huge long green candle on the chart. lol

For those who havent been able to experience bull run then they would really be having that kind of approach or beliefs that they do have in mind since they do lack that awareness and experience.
On the time that they've been wary about on how this market works then they would really be that tending to adjust accordingly. It do really still takes time but of course its something that would
not be known on when it would happen. It is really just that people are really that too impatient on things on which they do really believe that they could really be able to handle it out
so easily and did expect that price pumps could really happen afterwards.

Not good for people to think about it will be done automatically after the halving event occur. They need to understand that eventhough we already reach at this phase still there's a lot of things to consider. And if they are not happy with current movement then I guess they don't have long patience and maybe they just newly experience this season on bitcoin. It really takes time before we can see some pumps if this is what they are waiting for and for sure that those people who are still holding will be lucky but those people got disappointed and afraid for a dump to came might regret what decision they do especially if these people will think about to dump all their holdings because they don't want to lose their money.

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April 26, 2024, 11:08:40 AM
 #79

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
We are all wrong about it because it is the fees that badly increase while the price drops. This is probably because the majority are selling their BTC causing a huge drop. But this does not say it will be like this until this year because I was still optimistic it would come soon and kept on waiting for the new ATH. Just like the previous halvings, it never pumps right after halving but just after a few weeks. 

The market moves in a roller coaster, up and down -- and every pump happens, there is always a drop to follow, and vice versa.
Indeed, impatient people keep on complaining and too much expectation will somewhat affect our minds negatively.

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April 26, 2024, 02:53:24 PM
 #80

Why has bitcoin prices not increased just after halving ?
Your question reminds me of one of the experts who speculated on the price of Bitcoin when it entered the halving or after.
He said:
Quote
Entering the halving or second quarter, BTC prices immediately fell and dragged the entire crypto market into the red zone. According to him, the massive liquidation taking place in the crypto market has made many investors worried.
Elsewhere I have also seen experts speculating about the price of Bitcoin after the halving.
We will definitely see a lot of talking heads to say one or the other, there will always be people who will try to speculate about bitcoin and the price, that is not even just bitcoin related stuff, it is something that we are going to end up seeing about every asset, you are going to see people who will say invest into real estate, you will see people who will say it will crash and you shouldn't, or you will see people who will suggest getting nvidia or tesla stocks, or you will see people who will say that it's gone too high and you should avoid it.

At the end of the day, we are going to always have people who will say one thing positive, and another person who will say something negative in the end as well that's important.

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April 26, 2024, 03:48:44 PM
Merited by bestcoins1 (1)
 #81

-snip-
Indeed. The price won't suddenly skyrocket, it takes time for a significant increase. It is not a new altcoins that may skyrocket just in few days because of a hype. Bitcoin is an established coin that grows gradually. Let's give it the time for growing day after day. Even if it looks a bit slower, but it looks like to grow as we expect.
Yes, I agree. Having high expectations about the price of bitcoin rising quickly after the halving is not wrong, but there must be great support which in turn can make demand for bitcoin higher. Large flows of funds in the market from large investors or whales will have a quick positive impact on prices, but I don't see that as a big possibility because I think currently large investors and whales tend to wait for the right moment to influence the market.

I have no problem holding bitcoin for longer especially if the price I expect hasn't arrived yet. I expect a much higher ATH in the next 12 to 15 months, so as a consequence I have to be patient until that target is achieved. I don't know, it could be less than a year or maybe more, patience is the key to success.

-snip-
If we look at the history of the previous bullrun seasons, it may need some months or even a year to increase significantly. It probably will be at the end of this year or in the early of 2025 to see the big move in Bitcoin price. Bitcoin has just reached its new ATH few weeks ago ($73k), it should take time to have another new ATH. So, it is true that we must be patient to wait for the next big pump of Bitcoin price.
Once again, I agree with your statement. It takes time to see the price of bitcoin rise significantly, so it's true that we just need to be patient and go through each stage without hesitation.

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April 26, 2024, 08:44:59 PM
 #82

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Actually, you are not wrong in advising your friends to invest in Bitcoin because we are entering the halving moment and after the halving the price did not increase significantly, this is very normal. You should also teach your friends about patience and investing in bitcoin for the long term, not the short term.

Because it must be admitted that this fourth halving is slightly different from the previous halving. The difference with this year's halving is that the bitcoin price had already reached ATH before the halving momentum occurred, namely in March, but when the halving occurred, the bitcoin price actually fell.
 
Therefore, the impact of this year's halving will only be felt after the halving occurs. If looked at historically, the crypto market halving cycle will show positive growth in the next seven to nine months and rise towards a new ATH after that. Because after the halving there needs to be a price adjustment that crypto investors and traders must pay attention to. So it is possible that the bull run cycle is not expected to end at the end of this year, but possibly in the middle or quarter one and quarter two of next year. So you can tell your friends to continue to be patient, don't be rash in making decisions, study the history of the halving cycle again.

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April 26, 2024, 08:59:29 PM
 #83

People who are expecting the movement right after the halving are people who have not seen the previous halving. I have been here for three, and even with this one four halving I think, and I can tell you that we are not going to really see any big changes at all, we are seeing those changes a few months later. That's of course what I believe will happen, and doesn't mean that we are not going to end up with anything different.

Just focus on the future because halving DOES make it go up, just doesn't do it right afterwards, it takes a couple days for it to get there. I believe that we are going to end up with a much bigger and better result eventually, we just need to make sure that we can wait a few more months to get there.
Patience is the key. If you can’t be patient and can’t wait for few more months to see if bitcoin price has create a progress, then I believe even if we are not talking about halving, your mindset will definitely not work with bitcoin. Know that bitcoin price will certainly not stay high or low all the time, as it’s highly volatile so it makes price fluctuations most of the time.

You should have prepared for this before you decide to take the risk investing in bitcoin. Otherwise, if you chose to be in panic, you will only feel a lot of stress that will push you to sell at a loss.

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April 26, 2024, 09:31:59 PM
 #84

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

In my experience, it doesn't really increase on the Bitcoin halving day most of the time, I mean we might see something you but if you are going to base on the Bitcoin halving timeline we don't usually see any increase on the Bitcoin halving event, If you tell your friends that market is going to skyrocket because of the Bitcoin halving for sure in theory that is what is going to happened, but your didn't make enough research if you said that it is going to skyrocket on the Bitcoin halving day, because the effect of halving is going to take in a year or even more, its already evident if you are going to check the Bitcoin halving timeline usually we are going to see the Bullrun after a year after the Bitcoin halving event.

There was an increase in its market price because of the Bitcoin halving event but it didn't happen on Bitcoin halving day, it usually happened before the Bitcoin halving event happened which is a few months before the halving, and we did see it, with some triggers and hype of the Bitcoin ETH we broke the all-time high market price, I believed in preparation of the Bitcoin halving it help to hype the market at that time.

I learned my lesson the hard way encouraging friends to invest in cryptocurrency, my advice is don't do it at all, you just want to share information but the encourage but actually you should discourage them because of its risk, then after that, if they still wanted to continue even before hearing the risk, you should teach them that they should be the one that is going to handle their money and do the research on there own.

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April 26, 2024, 09:34:37 PM
 #85

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Smiles, you introduced your friend without educating them on how Bitcoin works that's why you are been blamed. You literally made they believe that they will make money once halving is over and clearly showing indication of short term present and gain off the market. You have to think of Bitcoin in terms of a valuable asset for long-term investment rather than a tradable coin, how about when the bull run is over will you still be present!!!

You need to understand that the market doesn't work the way we think, just be patient and no need to panic, consider building and accumulating more Bitcoin, than thinking about how the market should go. Educate and talk to them they would understand and listen. They shouldn't be so impatient, it would appreciate.

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April 27, 2024, 02:50:05 AM
 #86

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Short term traders face challenges due to uncertain market turmoil, they blame you because Bitcoin is still under negative pressure after the Halving. Their impatience will always put pressure on you due to the value of their assets continuing to decline, even though the congestion of Bitcoin price movements after the halving is a normal phenomenon and not something new.
The doubts experienced by your friends regarding where the Bitcoin market will go next after the halving event has not seen any significant changes shows that they are not ready for the pressure and negative sentiment that is occurring on Bitcoin. You must direct them to the principle of prioritizing patience because the effects of the Halving do not occur instantly. Point them to the history of Bitcoin's movements after the Halving, the effects of the halving will be felt within a few months after the four-yearly moment occurs.

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April 27, 2024, 04:23:49 AM
 #87

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
Short term traders face challenges due to uncertain market turmoil, they blame you because Bitcoin is still under negative pressure after the Halving. Their impatience will always put pressure on you due to the value of their assets continuing to decline, even though the congestion of Bitcoin price movements after the halving is a normal phenomenon and not something new.
The doubts experienced by your friends regarding where the Bitcoin market will go next after the halving event has not seen any significant changes shows that they are not ready for the pressure and negative sentiment that is occurring on Bitcoin. You must direct them to the principle of prioritizing patience because the effects of the Halving do not occur instantly. Point them to the history of Bitcoin's movements after the Halving, the effects of the halving will be felt within a few months after the four-yearly moment occurs.

It is true that based on history, we will soon receive a bull season in a few months when the halving is completed, but we also have no guarantee that everything will definitely repeat, the bull season will have to come. Bitcoin is unpredictable and there are no guarantees in the future, so before giving investment advice in bitcoin to others. We should tell them about the risks they will encounter, tell them that if you want high profits, you must accept high risks. There are no guarantees or certainties about anything, including price increases after halving.

I still hope history will repeat itself, bull season will arrive in a few months but to be honest, there is no guarantee of that.

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April 27, 2024, 08:36:22 AM
 #88

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
We are all wrong about it because it is the fees that badly increase while the price drops. This is probably because the majority are selling their BTC causing a huge drop. But this does not say it will be like this until this year because I was still optimistic it would come soon and kept on waiting for the new ATH. Just like the previous halvings, it never pumps right after halving but just after a few weeks. 

The market moves in a roller coaster, up and down -- and every pump happens, there is always a drop to follow, and vice versa.
Indeed, impatient people keep on complaining and too much expectation will somewhat affect our minds negatively.
I do agree that there are a lot of people who are avoiding it at the current moment because of that situation, but I also believe that mining did played a role in it as well, we will have to wait and see the difficulty.

If there are less miners, then it is going to cost a lot more and that could be one of the reasons why the fee situation is like that. This does not mean that it is going to be always like that, of course the Runes played a bigger role and that doesn't mean that we are not going to end up with anything bigger or better, I believe that we can see the fee situation changing soon enough after a while. We should probably just consider this as a smaller situation and we could probably see the fee becoming cheaper, we just need to give it some time after this period.

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April 27, 2024, 10:56:42 AM
 #89

you are too impatient, the bullrun needs time, the whales need to accumulate, often time its just to make those paper hand cash out first because they gonna be burden on the price candle because the paper hand are the first one that unload their bitcoin, I think thats the reason.

also, don't get your hopes too high, there are even speculation that the real bullrun will only come after a year by seeing the chart in 5 year interval, you don't get quick profit out of this, you need to hold and its gonna be rocky, there will be many price correction along the way that shaken your faith in HODLing but don't stop HODLing because only then you can make profit.
i learned the hard way missing out on so many opportunity not gonna miss again just because scared of price correction for all I know.
bitcoin approved of its ETF means bitcoin is good enough and consistent enough to be investment instrument that you don't need to be too scared the price won't go descending to zero.

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April 27, 2024, 01:57:41 PM
 #90

This topic title and the attitude that goes with it is totally reasonable but does make me wonder if the missing presumative positive could even lead to an ironic negative sell off.  Might just be short term but today Im watching the line to see how we end this week off.

We're below the 50 day average and this alone is never resistance but it is some indicator for caution.   We cannot be bullish or think that way while hesitating below the 50 day average, its a solid measure of medium term momentum and we are lacking at present.

The other point Im watching is totally simple, its the edges of the fish bowl we've swimming in circles within since Feb.  It looked good at first but Im bored now and worse still would be if the market itself lost patience and sold off from here.

  Failure to hold the 60k range and not recover quickly as we managed just week would put us back into the bad lands, outside this hospitable if restraining borders.

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April 27, 2024, 02:20:07 PM
 #91

The market moves in a roller coaster, up and down -- and every pump happens, there is always a drop to follow, and vice versa.


and that is a normal reaction for those who like to bet and want to take advantage of opportunities from market volatility, be it a novice investor or an advanced one as well, but if he plays long-term and continues to buy BTC during the current conditions, he may be calmer, emotional, and less drawn into the situation.

I think the market will still rise upwards even though it has been bought at a high price before because of the BTC correction in the market but if we are patient, the price will be picked up too and rise even more. In the next month, there will be an increase.

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April 28, 2024, 07:44:49 AM
 #92

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
You telling them to wait for some days is where you went wrong. Firstly you don't control the market so there is every possibility that their patience will run out because you gave them your words that they should wait for some days to see profit instead of some months or a year. It appears that you don't have adequate knowledge how the halving works or this might be the first halving that you are experiencing it. At this point that you are trying to calm your friends down and they are on your neck with much pressure, since you have more understanding than they do, you have to buy that bitcoin from them at the price they bought it with. You have to make that sacrifice so you can have your peace of mind. If you can't buy it from them, it's best you open up to them and tell them it will take up to a year from the halving date to see substantial profit from the investment. There is nothing to hide there.

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April 28, 2024, 08:08:05 AM
 #93

The market moves in a roller coaster, up and down -- and every pump happens, there is always a drop to follow, and vice versa.


and that is a normal reaction for those who like to bet and want to take advantage of opportunities from market volatility, be it a novice investor or an advanced one as well, but if he plays long-term and continues to buy BTC during the current conditions, he may be calmer, emotional, and less drawn into the situation.

I think the market will still rise upwards even though it has been bought at a high price before because of the BTC correction in the market but if we are patient, the price will be picked up too and rise even more. In the next month, there will be an increase.

many speculations projected that the price gonna be rising from here on, just like how it has happened in the past, i mean there are certainly chance that we might take different path compared with the past but there's nothing wrong in believing that the past gonna repeat since the chart pattern is similar, if the similarity have a meaning, we can eventually see the history repeating again.

talking about the rollercoaster of a market, its always like this, the pump never last for a long time, there will eventually some market correction happening along the way, but one thing for sure if we are in bullish the correction won't make the price of bitcoin goes back to its initial price when bullish was just starting.
in bullish we got higher bottom floor than previous bearish, even in the future if the market suddenly hititng bearish we might see the bottom price to be around $40 - 50k probably which means we are still in a good trajectory into achieving that $100k marks.

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April 28, 2024, 08:46:09 AM
 #94

Telling a friend about bitcoin shows that giving them a pure knowledge about bitcoin this includes all aspect of bitcoin because any part didn't understood correctly they would hold you responsible that is why most times I am afraid to bring someone to invest in bitcoin, because they don't mind labeling you all manner of names because of their low and lack of understanding on how bitcoin works.
Before asking someone to invest you should at least explain the importance to them especially the security aspect of their wallet because whenever their funds are found missing then you are the next to be held responsible for either stealing their funds or misleading them.

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April 28, 2024, 03:59:13 PM
 #95

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
You bought on FOMO and that was too early. The right time to buy is always a few weeks after halving. I'm considering two to three weeks after halving for price to dump. Already, we're witnessing that but it hasn't got to the point I'm speculating. Price has to dump to scare people so that there will be redistribution of wealth in the hands of hodlers. Those who are paper hands will sell off in fear and new hodlers will emerge or OGs will have an opportunity to acquire more. From TA point, there are several corrections that should take place. The first point is around $52,300 region and if it breaks that it heads down to $43,450. I don't want to see it go further down. The first level should be ok. But then, I can't dictate what the market should do. I'm just a keen observer who trades what he sees and not what he feels. Anywhere the market directs, we follow; otherwise we get burnt.

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April 28, 2024, 08:58:27 PM
 #96

Telling a friend about bitcoin shows that giving them a pure knowledge about bitcoin this includes all aspect of bitcoin because any part didn't understood correctly they would hold you responsible that is why most times I am afraid to bring someone to invest in bitcoin, because they don't mind labeling you all manner of names because of their low and lack of understanding on how bitcoin works.
Before asking someone to invest you should at least explain the importance to them especially the security aspect of their wallet because whenever their funds are found missing then you are the next to be held responsible for either stealing their funds or misleading them.
Whenever I am asked about bitcoin or investing in general I try to avoid the question, because I know very well what is going on, people do not really care about investing at all, they just want to be told what to do and make a lot of money without taking any risk at all, and since this is not possible I just do not entertain them at all, however if for some reason I am forced to give some sort of advice, I always keep it very general and never name any asset or market in specific, so I just tell them to read a few books about the topic and I let them to figure out the rest on their own.

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April 29, 2024, 12:09:53 AM
 #97

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
For me, the price reaction already happened months ago before the Bitcoin block halved. See previous Bitcoin block halvings.
This is the market, no one can predict it. We just must be happy because we have Bitcoin as decentralized, and these Bitcoin block halvings are special feature of Bitcoin where it is built to help decentralization of Bitcoin.

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April 29, 2024, 03:28:25 AM
 #98

For me personally it is quite simple why bitcoin does not have a price increase after Halving, it's simple, in my opinion because 100 days before Halving bitcoin had a very significant increase and passed the ATH in the previous cycle, isn't that an increase? remember that the bitcoin price increase can be before or after Halving, and maybe this time it happened before halving.

But actually I am still quite bullish on bitcoin, considering that we are still in a safe price level because it is above $60k, the potential that exists in the bitcoin price movement can touch the $90k price level, maybe we just need to wait for some technical confirmation in seeing this opportunity, the current price fluctuations are also quite steep but sellers and buyers are still fighting.

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April 29, 2024, 07:28:22 AM
 #99

People are rushing and expect that after day 1 of halving event they are really that longing for that huge long green candle on the chart. lol

For those who havent been able to experience bull run then they would really be having that kind of approach or beliefs that they do have in mind since they do lack that awareness and experience.
On the time that they've been wary about on how this market works then they would really be that tending to adjust accordingly. It do really still takes time but of course its something that would
not be known on when it would happen. It is really just that people are really that too impatient on things on which they do really believe that they could really be able to handle it out
so easily and did expect that price pumps could really happen afterwards.
That's because of a lack of knowledge among newbie investors because they didn't do any research before making investments so they don't know how it works in the first place, if they had checked the charts and the history of Bitcoin, they would know that the halving doesn't magically make the price go up because it's a technical event that reduces the block reward of Bitcoin and doesn't pump the price of it.

What's surprising for me is to see some senior investors asking the same question and having doubts that why Bitcoin and the market didn't go up after the halving and these questions were being asked after one day of the halving which clearly shows that they were expecting a sudden pump in the price of Bitcoin and other cryptocurrencies right after the halving event.

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April 30, 2024, 09:15:54 AM
 #100

People are rushing and expect that after day 1 of halving event they are really that longing for that huge long green candle on the chart. lol

For those who havent been able to experience bull run then they would really be having that kind of approach or beliefs that they do have in mind since they do lack that awareness and experience.
On the time that they've been wary about on how this market works then they would really be that tending to adjust accordingly. It do really still takes time but of course its something that would
not be known on when it would happen. It is really just that people are really that too impatient on things on which they do really believe that they could really be able to handle it out
so easily and did expect that price pumps could really happen afterwards.
That's because of a lack of knowledge among newbie investors because they didn't do any research before making investments so they don't know how it works in the first place, if they had checked the charts and the history of Bitcoin, they would know that the halving doesn't magically make the price go up because it's a technical event that reduces the block reward of Bitcoin and doesn't pump the price of it.

What's surprising for me is to see some senior investors asking the same question and having doubts that why Bitcoin and the market didn't go up after the halving and these questions were being asked after one day of the halving which clearly shows that they were expecting a sudden pump in the price of Bitcoin and other cryptocurrencies right after the halving event.
Those people are not really aware of the market, and they do not check it. If you are a "veteran" and still asking why it hasn't gone up yet, then you are not really a veteran at all, that's why it doesn't really make sense to call them a veteran. Just because they have been here for a long time, doesn't make them a veteran.

Someone who has been here for 10 years, and luckily got into the market and invested when it was cheap because some friend told them and they just did not get out, may not have any idea about what halving even is, whereas someone who has been here for a year, who worked on every indicator and learned very well, could make more money than the old timer. That's why veteran is not something we say to just people who has been here for a long time.

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