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Topic: What are your expectations ahead of pre and post BTC halving? (Read 603 times)

TheVeteranAngel (OP)

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What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 05:39:52 PM

2020 was supposed to be an amazing year for me after buying some BTC and altcoins back in 2019 but the Corona virus came and had to dispose by crypto bag for survival before the bullrun came. It's a year I would never forget coz my life would have changed drastically if Covid 19 hadn't messed things up.

Fast forward to 2023, I have been able to accumulate some few BTC from my monthly pay check and the news of Bitcoin spot ETF approval arosed my hope again that BTC might kickstart the mini bullrun before the halving but the reverse was the case as BTC fails to hit the $50k mark.

While reading some crypto news earlier today, I came across a survey conducted by Bitget towards the end of last year in several region of the world where crypto investors share their anticipation and investment plan in crypto ahead of 2024 pre and post BTC halving and seeing 84% of the people saying BTC will cross the previous $69k ATH while also confirming they are increasing their investment ahead of the pre-halving makes me feel 2024 might be another good year for me.

Although some expert suggested that people should be careful as BTC might trade around $30k - $60k within this period which makes it even a more dicey situation but overall, I think the post halving might bring the good news everyone has been anticipating.

What are your thoughts, do you think this survey reflect the true percentage of what to expect or not?

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 05:46:36 PM

Quote from: TheVeteranAngel on February 03, 2024, 05:39:52 PM

Although some expert suggested that people should be careful as BTC might trade around $30k - $60k within this period which makes it even a more dicey situation but overall, I think the post halving might bring the good news everyone has been anticipating.

Everyone keep bringing their own idea either wrong or right, we have to do our own research too about bitcoin halving, take the past events as a case study and figure out some things for ourselves, we may not have below $40,000 network now till halving and during that, we may have reached the last all time high of $69,000 and after the halving,the market will surge high and we will experience bullrun before next year or by 2025.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 05:50:34 PM

I don't care about the prices reflected by the analysts in the first place. Secondly if it is about investing then every dip is a buying opportunity. By accepting the Bitcoin ETF, this should be a sign that Bitcoin is still able to grow, especially in the price of Bitcoin. This has become a reflection of Bitcoin's long-term fundamentals, plus the deterioration of the dollar or fiat currency in each country as well as public perception of inflation in each country.

If you intend to invest then make sure you buy and buy when the Bitcoin price drops and save. Sell when you feel like you have enough. If you worry and focus too much on someone's analysis, I'm sure you won't be optimal in investing or will even suffer losses due to being swayed by rumors and slanted news.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 06:02:36 PM

Quote from: TheVeteranAngel on February 03, 2024, 05:39:52 PM

While reading some crypto news earlier today, I came across a survey conducted by Bitget towards the end of last year in several region of the world where crypto investors share their anticipation and investment plan in crypto ahead of 2024 pre and post BTC halving and seeing 84% of the people saying BTC will cross the previous $69k ATH while also confirming they are increasing their investment ahead of the pre-halving makes me feel 2024 might be another good year for me.

I was told by a wise man who is an experienced bitcoin long time holder says you should never count your bitcoin profits when it hasn't make any move. I'm bullish for Bitcoin and I'm expecting many things about Bitcoin because even if there is not a catalyst this period, ETF investors wouldn't let it down because they are have struggled with SEC and has bring it, they wouldn't want to be ridicule of their investment, same goes with Microstrategy that has bought a lot of Bitcoin since it went lows.

Quote

How can we be sure of this survey is not a cook values to speculate the public. I think we might go higher than these prices but then again, it's not something that can be achieved in a day or a year, it can be even 2026 before we will see these price that I expect to see bitcoin and I just hope when bitcoin start moving, we don't see bad news like we had some months back of FTX collapse and also Celsius bankruptcy.

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electronicash

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 06:16:52 PM

the survey is just a survey. it could happen or will not but our expectations as BTC holders will always go up pre and post-halving. no need to ask this but the only time BTC holder expects a dump is when the price already hits the ATH in the bull market.

zooming out to the chart in the monthly time frame, i think we have a long bull market before we could reach the ATH. the bull market could end in mid-2025 or early 2026.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 06:45:00 PM

This survey could be possibly true or the other way around, as bitcoin still moves surprisingly more than we can imagined. But one thing is certain, bitcoin will eventually reach its new all time high after seeing price dips or price correction in the market. However, instead of getting bothered if ever bitcoin price will drop drastically, then lets just see it as another opportunity to buy and hold. If we cant maximize our profits this coming bull run after its halving, then at least we can start preparing for the next bull run ahead by continuous DCA and hodling.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 07:05:43 PM

Quote from: TheVeteranAngel on February 03, 2024, 05:39:52 PM

I believe the COVID-19 issue back in the years 2019 affected everyone both that people that are not into crypto but old things passed as they say and the current situation is what you should focus on because the upcoming BTC halving will be totally different from what we have experienced in the market.
Which mean you can still change your life but everything depend on the decision you make now that market is still in the correction stage. Therefore, don't let the old decision beat you down to the extent that you make the right decision.

Quote from: TheVeteranAngel on February 03, 2024, 05:39:52 PM

Fast forward to 2023, I have been able to accumulate some few BTC from my monthly pay check and the news of Bitcoin spot ETF approval arosed my hope again that BTC might kickstart the mini bullrun before the halving but the reverse was the case as BTC fails to hit the $50k mark.

You shouldn't be surprised that reverse was case of BTC price after the spot ETF was approved because most of this investment companies don't join early and they will want to manipulate the market to gain some point and also increase their bag.
Continue with your monthly DCA and seized the market downtrend opportunity before they start to pump the market after they ^{(BlackRock, Fidelity, etc)} had enough profit out of the market downtrend

Quote from: TheVeteranAngel on February 03, 2024, 05:39:52 PM

People always make their own predictions based on what they believe and the volatility of the market will choose another trend but what you need to know is that no matter the downtrend after the halving happens, the market always reaches a new ATH price.
All the current downtrends are just an opportunity to accumulate at a low price before the bull run.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 07:18:31 PM

Quote from: TheVeteranAngel on February 03, 2024, 05:39:52 PM

Unfortunately you're one of two types of people who don't make money after buying bitcoin, which is pretty hard to do. The first type are speculators who try to leverage it, go against the trend and are forced to hold money on exchanges to do it. The second type are people who can't afford it, and here's where you fit in. You couldn't afford to invest, but you did it and later had to sell because you had no money saved up.

Quote

Here's again what I said earlier. If you know it's going to go up sooner or later, but can bounce between 30k and 60k, why wouldn't you buy and hold? That's right, you can't afford a drop to 30k because you have no money to live on. Your plan is to spend all your savings on bitcoin and itf it breaks the ATH by the end of the year you'll sell for profit and if it goes down to 30k you'll sell at a loss. That's a really bad plan if you ask me.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 07:29:46 PM

It's only survey carried out by them but there is no authenticity or a thing to show that what have said would acts or come to manifest accordingly why because as far as i know bitcoin price are being speculated all times and no one could give exact what could likely happened, just as news do affects the bitcoin price there could be a negative news surface and turned back the price of bitcoin to what we don't expects but. Although historically we all known for bitcoin to always follows the previous price movements.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 07:35:14 PM

#10

In my eyes especially now there isn't much bitcoin left to mine and it ALL is emotional response at this point. The post halving mania isn't technically based. I will happily take peoples money when it goes up and wait for it to come back in and buy lower. Thank you fomo's for the vacation money.

The ETF launch (big money comes slow) and the upcoming fed pivot or not to is bigger and closer target.

The ETF will have a strong to the right and up and by the time the post halving "bull" run may start we will all ready be in one. I strongly doubt both bulls (IF) would be additive.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 07:35:30 PM

#11

I think now Bitcoin price and overall cryptocurrency market looking good. Now market is stable and gradually increasing Bitcoins price. I think it is effects of Bitcoin halving. We known in April 2024 Bitcoin halving will happen. Before Bitcoin halving price will increase gradually and till halving Bitcoin price will go near about $50k and after halving bitcoin price will increase and it will go near about $100k i think. Touch $100k will very hard but it is not impossible i think. Because we saw everything is possible in cryptocurrency market.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 07:36:41 PM

#12

well dear it is very hard to time the market 100% accurately well it is pre halving and Bitcoin is trading at the 43K price seems it is still a good time for the accumulation of Bitcoin for those people who have sufficient funds to buy some at the current price and as far as i think market will give very less opportunity of buying bitcoin in the coming time because market will tend to move in upward postion after the halving event.

if we look at the previous halving even the market takes some correction before the halving event so which means it gives another buying opportunity before the halving event. On the other hand market will start to move in the upper position i think it will break its last all-time high after this halving event and will make it a new all-time high after the halving event. DYOR

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tread93

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 07:39:23 PM

#13

I think that no matter how much you can speculate and factor in all of the "what ifs" and realize that at the end of the day the only thing that matters is that we have x amount of bitcoin and that we have held on to it for x amount of time. Now that is different for everyone, but honestly set goals for yourself. These next 10 years for bitcoin will be some of the largest growth periods for this asset that we have ever seen IMO. I think that we need to exchange as many dollars as we can for it, I think we should trade things for it, I think that we should sell our goods and services and accept bitcoin because at the end of the day if you're using it and getting paid in it then you have more flexiibility with the currency.

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shield132

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 07:50:44 PM

#14

Quote from: TheVeteranAngel on February 03, 2024, 05:39:52 PM

I believe that Bitcoin will rise again after halving because people have an expectation of a bull run after halving, I have been in crypto since 2016 and that's how it always goes. Personally, I think that it's never too late to buy Bitcoin if it hasn't reached its ATH. Bitcoin is a coin that always surpasses its all-time high. Bitcoin ETF approval doesn't have an impact right now but keep in mind that Bitcoin halving doesn't have an impact on Bitcoin's price immediately, it happens slowly and starts to rise in winter. I think that Bitcoin ETF and the upcoming halving will play a significant role in reaching a new all-time high that will be higher than 100K USD, we will probably reach 200K USD.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 08:41:18 PM

#15

Quote from: TheVeteranAngel on February 03, 2024, 05:39:52 PM

Well, in my opinion, I think a lot of people have a bullish sentiment post-halving. However, I believe we'll see a shakeout pre-halving. The reason is that institutions would be willing to buy low and ride it to the top of the bull run. In any case, let's be smart and play the game with them. May I see the link to this survey?

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Zaguru12

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 08:52:46 PM

#16

Quote from: TheVeteranAngel on February 03, 2024, 05:39:52 PM

This is the set of people that you should have their mindset at this current time, this people are actually predicting the bitcoin price base on the past trends after halving. The price doesnt beats the all time high the year of halving but it rather gets close to it. The reason why many people actually think bitcoin will beat that past trend this time around is because of ETF approval and which everyone thinks will skyrocket the bitcoin price. We cannot say the hype around it wouldnt have impact on bitcoin but the trend will still follow its path no matter the ETF hype and this past dump after the ETF approval has just proved that to be true.

What my advice continuously is never place hopes one bitcoin price pumping soon, do not place a time duration to take profits rather out a price target for profit taken. When bitcoin reaches the your price target you take partials to be on a safer side

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 08:58:38 PM

#17

I would say we might see multiple short term market fluctuations before the halving and they best way to cope up is not to invest huge amount but rather doing DCA as it will even out the fluctuations and post halving there has been some dump in the previous cycle which happens before the bull run and if we see the same thing happening this time then I would try accumulating some more Bitcoin during this period considering it as a final opportunity for investment before the bull run.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 09:12:58 PM

#18

Quote from: TheVeteranAngel on February 03, 2024, 05:39:52 PM

To say about Bitcoin that its price can go like this blah blah so is nothing but speculation. Making speculation a topic and saying that the price of Bitcoin can go up to this extent or fall in halving is to assume that it will really happen like this and make your speculation a fact for yourself. There can't be any more stupidity because everyone's speculation is different, so if people say that something is possible, it doesn't necessarily mean that it will actually happen, it can also be wrong, and the result of wrong is lost.

So it's meant to say that someone says that Bitcoin will be bearish in the halving, so this is their personal speculation, so it could be wrong. Therefore, to say about Bitcoin that it will really happen like this, it is a possibility in reality; it is not the same that many users have predicted that the price will rise in halving, so it is their opinion, that is, speculation. There is no work for you to research by yourself and take your stand on it because in the world of cryptocurrency, people cannot be responsible for each other, everyone goes on their own speculation.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 09:49:50 PM

#19

My expectations are varied, we might see bitcoin price dropping due to price correction but afterwards, the price will recover again and eventually head to its new all time high, or probably the vice versa as we dont hold guarantees if history will still repeat itself during bitcoin halving. So Im actually open to both so I can prepare myself as well. That way, I wont be expecting much if ever.

For now, Im still focused on DCAing more to store good amount of bitcoin. Although the price is quite high to say, but still its certainly a good time to buy if you aim to maximize your profits when bitcoin halving takes over.

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Re: What are your expectations ahead of pre and post BTC halving?

February 03, 2024, 10:56:05 PM
Last edit: February 03, 2024, 11:18:50 PM by AmoreJaz

#20

Quote from: GbitG on February 03, 2024, 09:12:58 PM

Quote from: TheVeteranAngel on February 03, 2024, 05:39:52 PM

we are all just speculating on this market, so even if they say they are experts or long time predictors, still they can't assure of what may possibly happen in this market. no one can accurately predict what's gonna happen. now, it is your prerogative to follow your instincts or someone else's speculation. at the end of the day, do remember that it is your money at stake. so people won't bother if you'll gonna lose or not. so need to take care of your own business and look out for yourself.

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