Why has bitcoin prices not increased just after halving ?

[Zlantann]

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

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[darkangel11]

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.

[Agbe]

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.

[Marvelman]

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.

[Cryptoprincess101]

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.

[LogitechMouse]

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.

[mirakal]

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.

[avp2306]

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.

[Maus0728]

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.

[btc78]

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.

[BuyingBitcoin]

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.

[Unbunplease]

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

[Odohu]

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.

[Agbe]

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?

[FatFork]

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.

[Marvell1]

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  .

[Kelward]

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.

[Sorryfor]

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.

[tabas]

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. 

[ajiz138]

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.