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Author Topic: Don't be confused, bitcoin halving doesn't translate into bitcoin All time high  (Read 203 times)
stompix
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April 22, 2024, 02:34:44 PM
 #21

Let me ask you a question (or a question to anyone here):  what's the reason for the price increase after a halving?  Why do people think another ATH, a bull run, or just a boost in price is guaranteed after a halving?  I really want to know, because there's nothing I can see that would basically give everyone free money just for investing in bitcoin before one.  That sounds insane to me.
Hashrate and difficulty increase > making miners harder to mine Bitcoin > the price to mine Bitcoin rise > Bitcoin price increase.

Nope!

Hashrate and difficulty increase > making miners harder to mine Bitcoin > miners with too costly operation shut down > difficulty decreases till equilibrium point.
That's why old-time miners like Phil consider shutting down after this.

The price dictates the hashrate!
If hashrate would dictate the price then all we would have to do is each of us buying 1 ASIC, raise the hashrate to 10 times what it is now so the price would also 10x.
Of course, it doesn't work like that!

Don't buy bitcoin because you assume that bitcoin price will skyrocket after bitcoin halving, that is a wrong mentality that could lead to depressing results if that failed to happen.

So by saying this, you're assuming that the price will go down from this point on?

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April 22, 2024, 02:49:19 PM
 #22

Anyone who buys bitcoin with the believe that it will skyrocket during or after the halving is making a wrong speculation, after all we are not yet in the bull run and for the fact that a new ATH was created before the halving also sends a big signals for anyone who wants to invest in Bitcoin to be very careful when making investments for short interval except they do that for the long term.

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April 22, 2024, 02:51:44 PM
 #23

Let me ask you a question (or a question to anyone here):  what's the reason for the price increase after a halving?  Why do people think another ATH, a bull run, or just a boost in price is guaranteed after a halving?  I really want to know, because there's nothing I can see that would basically give everyone free money just for investing in bitcoin before one.  That sounds insane to me.
Well, personally the halving event for me is just a step that happens every 4 years, but it doesnt guarantee an immediate price increase or free money when you are a new investor. There are few factors which can contribute to pump the price movement in the long term. Historically, every time this event arrives, we see another ATH level reached.

Some of these factors, I would say are the change in supply and demand dynamics, which reduces the rate of new mined Bitcoins resulting in a decrease in the rate of supply. So, if the demand remains constant or increases, the reduced supply can lead to creating pressure on the price. In Bitcoin, when we see the price is stable the chart will show or go momentum in the long term always.

After all, it’s not something we can't predict. The only valid reason for Bitcoin price to pump is if the pressure of buying increases, regardless of what events or news are coming as long as they are considered positive.

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Mpamaegbu
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April 22, 2024, 04:23:53 PM
 #24

My advice
Don't buy bitcoin because you assume that bitcoin price will skyrocket after bitcoin halving, that is a wrong mentality that could lead to depressing results if that failed to happen.
Those who waited this far for halving before buying are already late to the party. Anyone who was already here a few months ago, should've known this. Hype for halving is often high but that doesn't translate to immediate price spike. However, it will eventually lead to a peak and a new ATH once the law of demand and supply come into play, that will all know. It takes a few months after halving for that to happen. Anyway, for those rushing to buy Bitcoin with the aim of a mouth watering ROI; they better look elsewhere into viable alts because Bitcoin has passed its prime where it turned a few dollars into millions. It's never going to happen again.

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Asuspawer09
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April 22, 2024, 05:55:02 PM
 #25

I mean in theory it should increase its market price because it would affect the supply of Bitcoin in the market lowering its reward in the network, a lot of newbies for sure are going to think that it is a great opportunity for a profit because on the Bitcoin halving it is going to be a huge increase in the market price, but its actually the opposite, In my opinion, the hype of the halving is gonna spike before the halving began that is when we see it reaches the all-time high in the past month, that is I think the time we see the effect of the Bitcoin halving hype. On the day of having a lot of traders are going to get FOMO investing then they are going to realize that the market is not gonna spike that easily because there will be a huge delay in the market before we can see the effect of the halving in the market.

I learned it the hard way, I invested a lot and held for a long time last Bitcoin halved and even though it was a profit already I held thinking that the market price was just gonna continue until the halving, If I was just going for the long term investment it might be worth it anyway but I ended up selling at wrong timing it might still be a profit though but wasn't a great decision if you're going to ask me.

The best thing to do here is always go for the long-term investment because you are not going to lose money if you are not going to sell it at an unfair price in the market as long as you hold there will be a chance of it to increases especially on Bitcoin because it's the number one cryptocurrency it's the safest investment that you could make on cryptocurrency.

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April 22, 2024, 10:30:08 PM
 #26

The misconception that many newcomers have about bitcoin halving is that immediately after the halving will be bull run. There will be bull run but might not happen immediately after but after several months. Don't be surprised that the main bull run will happen in 2025.

although bitcoin halving have always been speculated to birth new all time high, but it is not 100% certain that we must achieve such ATH each time there is a halving cycle, at least reading through history have proven that already.
It will be appreciated if you can edit your post and delete the part that said that it is proven that not all halving is accompanied by a new ATH. It is a wrong statement.

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April 22, 2024, 10:38:16 PM
 #27

My advice
Don't buy bitcoin because you assume that bitcoin price will skyrocket after bitcoin halving, that is a wrong mentality that could lead to depressing results if that failed to happen.
I still buy because it was in the correction phase and I hold because I believe it will skyrocket after a few months. Maybe my mentality is wrong but seeing the previous halvings, we never see it pumping instantly but gradually. It can be the same trend we experience this time and while the price is low, why not stop buying if we can afford to do that?

It really just matters in the situation, we can hold either if there is no new ATH. Currently, at $66,700, it is a good chance to take and even reaching ti $80k before the end of this year is not regretting anymore but a good profit.

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April 24, 2024, 01:23:30 AM
 #28

What history are you talking about? Bitcoin's block reward has been halved four times so far. Each time, there's an ATH that follows.

Let me ask you a question (or a question to anyone here):  what's the reason for the price increase after a halving?  Why do people think another ATH, a bull run, or just a boost in price is guaranteed after a halving?  I really want to know, because there's nothing I can see that would basically give everyone free money just for investing in bitcoin before one.  That sounds insane to me.

There must be more than one reason for the price increase after the halving. The logical would be that the flow of new supply has decreased 50%. That's a big deal. But it must also be a self-fulfilling prophecy to a certain extent. That everybody is expecting the price to increase after the halving makes it a reality.

However, my point is that as far as history is concerned, there's an ATH after the halving. There have been 4 halvings so far. I'm not saying an ATH will always be reached after the halving. That's not automatic. But it's wrong to say that there may not be an ATH as "history have proven that already." There has yet to be a history to prove that an ATH may not happen after the halving.

~snip~
I am very well convinced also that we are going to see a new all time high after each halving,, at least at some point in the future, but many others have failed in the timing for expectations of that ATH after halving, because I have read Al t of comments that sounds as if  bitcoin halving is an automatic trigger to a new bitcoin price run up, which assumptions I am trying to clear off in this thread.
Before bitcoin record a new all time high after halving, takes time at least things needed to settle in such as network congestion, increased fees and the general market conditions,all this take time and for sure we need patience to wait and not to be in a rush to see that happening outrightly as many assume.

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