arhipova (OP)
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April 20, 2024, 01:25:31 PM |
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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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Ambatman
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April 20, 2024, 01:29:23 PM |
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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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Tungbulu
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April 20, 2024, 01:44:00 PM Last edit: April 21, 2024, 02:59:14 PM by Tungbulu |
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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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Charles-Tim
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April 20, 2024, 01:47:15 PM |
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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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Despairo
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April 20, 2024, 01:51:21 PM |
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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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uchegod-21
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April 20, 2024, 02:41:41 PM |
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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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Z-tight
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April 20, 2024, 02:45:32 PM |
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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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Distinctin
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April 20, 2024, 04:14:35 PM |
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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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adaseb
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April 20, 2024, 04:51:02 PM |
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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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Ale88
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April 20, 2024, 04:57:13 PM |
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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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dkbit98
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April 20, 2024, 05:16:17 PM |
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We can see transaction fees increased a lot 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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m2017
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April 20, 2024, 05:33:22 PM |
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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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electronicash
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April 20, 2024, 05:37:09 PM |
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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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Stepstowealth
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April 20, 2024, 05:56:12 PM |
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We can see transaction fees increased a lot 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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GxSTxV
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April 20, 2024, 06:24:15 PM |
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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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CryptoHeadlineNews
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April 20, 2024, 06:28:38 PM |
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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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Bobrox
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April 20, 2024, 07:01:21 PM |
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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 $73k, bitcoin has difficult moment will break out any more to new higher price after many bad issues with war conflict. Keep patience awhile with bitcoin potential raise to higher price usually few months later after halving has opportunity get raise up.
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AnonBitCoiner
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April 20, 2024, 07:09:48 PM |
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Such types of people are so greedy that they cannot wait for the proper timing and due to their impatience they always lose the opportunity to win good revenue. They have a lack of knowledge and they just invest in Bitcoin due to your suggestions so I think continuing Bitcoin investment will be hard for them as they don't know anything but follow what you have said to them.
Bitcoin halving cannot cause the price to reach 100k$ 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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Kemarit
Legendary
Offline
Activity: 3262
Merit: 1386
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April 20, 2024, 07:10:56 PM |
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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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HideYourKeys
Full Member
Offline
Activity: 149
Merit: 165
Metal Seed Phrase at the lowest price! From 44.99
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April 20, 2024, 07:11:11 PM |
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It never had a direct impact the next day after the halving, wait for a few months
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