What do you expect from the next Bitcoin halving?

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atlashubFull Member
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#1Sep 29, 2020, 11:15 AM
Every time there's a halving, we witness a spike in interest and usually in prices too. Do you think this next halving will still matter, or has the market gotten mature enough to handle it without too much drama?
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atlashq635Senior Member
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#2Sep 29, 2020, 03:24 PM
Nothing much in terms of difference, we are going to get the same old performance from Bitcoin, and scarcity will hit even harder, what do you think always happen after every halving? Bitcoin will find it's bottom in this coming bear market and that will be a good time to buy again then we will slowly start climbing up, it is all in the past history chart, I don't expect anything new, and good news and bad news will always be impactful on the short time only, as always. Miners will keep mining and reward per block will keep going down too, I don't expect anything bad on miners side, asic price will go down when Bitcoin value start declining and new Asic miners will hit the market, miners will need to upgrade if need be, and they will keep mining, gearing up for the coming bull market, possibly by 2029. Same and same old path, nothing will change.
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dr_vectorNewbie
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#3Sep 29, 2020, 08:27 PM
If interest in Bitcoin remains at least as it is now (as expected), it will have relevance. He will continue to reduce the amount of new BTC on the market, while the demand for BTC keeps increasing. Now, I believe that the price of Bitcoin has started to be more influenced by the markets than just by the halving..
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#4Oct 1, 2020, 07:24 PM
Each Bitcoin halving, there will be positive impacts on Bitcoin mining hashrates, demands on buying and owning bitcoins, massive noise on media, and therefore many new people will join this community as Bitcoin miners, Bitcoin investors or just gamblers in this market. Whatever they do will contribute to Bitcoin adoption and demand around the next halving and after that. History shows many times in past Bitcoin halvings and market cycles that price always rises up considerably with Bitcoin halving effects. The question for a next Bitcoin halving is only how much Bitcoin ROI will be in a next market cycle. I believe the ROI will be smaller than past cycles as with bigger market cap, ROI will be smaller reasonably. I expect in a next halving, Bitcoin ROI will be less than 100% from this market cycle ATH, but your individual investment ROI can be better than 100% if you DCA bitcoins and have good entries by accumulation in bear market.
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#5Oct 1, 2020, 09:43 PM
The market may not grow as high as it has been from previous cycles because of course the price is really high now as opposed to before where the growth ceiling is high However, with bitcoin's limited supply the price may rise really high as the market becomes fierce fighting over the available bitcoins left. Market analysis is quite complicated because of how much factors are involved.
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#6Oct 2, 2020, 12:44 AM
The next halving isn't exactly "upcoming", I think (I'm not an English native speaker though, maybe "upcoming" is used this way?) Given that every day around 250,000 Bitcoins are sold on exchanges (conservative estimation), the importance of the mined supply will fall from 0,18% (144 * 3.125 / 250,000) to 0,09% compared to the total supply. This low importance could also probably the reason why the post-halving effect was already weak in 2024, although I'd attribute it also to a pre-halving rally due to the ETF approval in the US. Demand and supply changes due to other reasons (old holders selling, trading, merchant activity, FOMO, panics) is much more important than halvings already. The scarcity equation however is strengthened a tiny bit more, i.e. demand surges would result very likely in price surges due to the inelastic supply which becomes even more inelastic. Thus with more adoption we should see continued price increases. My own guess for the price around the next halving 2028 would be around 150-200k, post-halving maybe 250k.
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mr_deltaMember
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#7Oct 2, 2020, 03:10 AM
Upcoming should not be used in this context as a halving is about one market cycle and we have still been in this current market cycle. A next halving is about next three years and a next market cycle which are not actually too near to be called as upcoming. Demand surge is key to make price impact of a Bitcoin halving. Luckily since 2009, there are four Bitcoin halvings and the market shows that effects are always positive and good on Bitcoin demand and price. The past halvings, market cycles and effects on Bitcoin prices are shown in this chart.
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bull843Full Member
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#8Oct 2, 2020, 06:23 AM
Price surges will always be there as long as people live through the belief that the market goes up during or after the halving, and that makes them fill their bags even more around the halving, which is the actual reason why the surge happens. When there is mass buying and very high demand in the market, the prices tend to go up, and when there is mass selling and low demand for purchases, the market starts going down, and that's when the bear market starts. No matter how matured the market becomes, as long as adoption is increasing, and as long as there is buying and selling, with ups and downs in them, prices movements will be there. Bitcoin, or all the cryptocurrencies, have volatile values because they have limited supplies, so no matter how much market absorbs the demand or the interest, there will still be some effects of it. So, in my opinion, every halving will have its significance, no matter how big or small, as long as there is demand for Bitcoin, it's going to happen.
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cryptohubNewbie
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#9Oct 2, 2020, 08:56 AM
The Bitcoin Spot ETF approval in the US unexpectedly altered some Bitcoin predictions. The approval increased the price of Bitcoin before the bull run proper and many people didn't expect it. Nobody knows what the future holds for the next halving. The forces of demand and supply will always determine the market. The halving will reduce the supply and as demand keeps increasing due to institutional investors and the proposed reserve, the price will increase. My prediction is that we might see above $200k in the next halving.
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#10Oct 2, 2020, 01:53 PM
Let's look a little bit closer: In 2012/2013 it seems indeed that the halving triggered the rally. This can also be explained that this was a period of rapid changes in the mining market: Until 2012 many "home miners" were still able to make profits with low cost equipment. That changed, and thus most "retail" Bitcoiners had to buy Bitcoin from 2012 on instead of mining them. Home mining was still possible but already required planning and investing. In 2016 the price first dumped after the halving. So there was no direct visible effect on price. However, it recovered in late 2016. But in 2017 the reason for the rally was not only the halving. It was also a renewed interest in cryptocurrencies in general, triggered by Ethereum and other altcoins offering smart contracts. It was the era of the ICO craze, where a lot of people lost money in scams. But they had to buy their crypto somewhere, and many also got interested in Bitcoin. IMO this was a major adoption step and not so much a halving effect, even if there were also negative consequences. In 2019 there was a major pre-halving rally. It could have hit new ATHs even before the halving in 2020, but then COVID hit and crashed the price again. And near the end of the year, when the halving was already over, we had the "Elon Musik Tweet Manipulation". IMO this one was even more important for the rally than the halving. And in 2021 we also had El Salvador which probably triggered the last ATH of the year. Now in 2024/25 again we have a pre-halving rally, this time with an ATH before the halving, triggered by institutional investors. If you look at such details the inmediate effect of halvings on price become much more nuanced, and it seems more likely that the general trend towards less new supply is more important that the halvings themselves. I believe there was a direct effect in 2012, and probably also in 2016, but the later post halving rallies were triggered by other factors (and psychology).
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mr_pixelMember
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#11Oct 2, 2020, 07:11 PM
That hope is certain, we know that the world is currently experiencing the worst inflation, the next halving that will happen to Bitcoin can at least control the cruel inflation, We all know that halving events can affect the supply of Bitcoin, as well as affect the value and dynamics of the Bitcoin market itself, that is the essence of the halving phenomenon. For me, there is only one hope that at least I can hold Bitcoin long term and allocate my assets for investment in the hope that the Bitcoin price will rise above the halving price that happened yesterday, I think that is my hope.
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bitx228Full Member
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#12Oct 2, 2020, 07:21 PM
Suddenly, because big investors are interested in Bitcoin and there is a lot of discussion about Bitcoin, Bitcoin has increased rapidly this time, but other coins in the market have not increased that much. Bitcoin suddenly has a lot of influence, its price increase was very high, which will become normal from the next halving, but before Bitcoin used to create new ATHs every time, it will always maintain that continuity. And we can expect the price of Bitcoin to be $ 1 million in the future. Although it will take a long time, I expect it and I am very confident that it will happen. And I am trying to hold Bitcoin as much as I can so that I do not miss that opportunity.
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#13Oct 3, 2020, 12:40 AM
Different year of halving, but same expectation. Price double, and pump. that's it. I don't even think people are expecting more than seeing price of Bitcoin to be doubled. Maybe, seeing all of nations adopt Bitcoin seems good too. The expectation by people in any halving is always be the same and never change. It's always related to the monetary increase and adoption.
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bulldevFull Member
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#14Oct 3, 2020, 05:25 AM
Since the ETF was approved, the market has been more influenced by politics and the economy. Halving is no longer the only catalyst driving the market, nor is it the most important one. Note that halving does not reduce the total supply of bitcoin, it only slows down the release of new supply into the market. Bitcoin supply remains 21 million BTC. This bull season is almost over and Bitcoin hasn't even doubled from its 2021 ATH of $69k. So whether Bitcoin can reach $200k in the next halving remains a big question. It will all depend on the demand for bitcoin at that time, IMO.
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foxdevNewbie
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#15Oct 3, 2020, 08:29 AM
recently, we have started to see the market reacting even before the halving officially sets in and with that, it is likely going to be the case that before the halving, we can easily dictate what the halving might look like. certainly, there is no way that the halving will not lead to a bull to an extent but in the long run, we want to see bitcoin getting into greater values and possibly hitting more al time high by the time the halving comes or even before then.
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#16Oct 3, 2020, 02:17 PM
How do you know its almost over?  Regarding my expectation from bitcoin halvening, the only thing I do expect from it is to slow down the rate at which new bitcoin enters circulation and thats about it. Joke aside, it will inevitably have a positive effect on the price as long as demand keep increasing.
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#17Oct 3, 2020, 03:19 PM
Every halving follows the same pattern as the previous one Bitcoin doubles in value. This is why many investors want to invest in Bitcoin for at least four years, as the halving will be a profitable opportunity. So if you're wondering whether future halvings will see significant increases, the answer is yes. This is because this is a fundamental cycle for Bitcoin, and many investors use Bitcoin halvings as a way to profit. After the halving the Bitcoin price will inevitably reach a new all-time high, and reaching an all-time high does take time. This was evident in the halvings of 2012, 2016, and 2020. Essentially post-halving increases are inevitable reaching an all-time high is inevitable, but it takes time.
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#18Oct 3, 2020, 08:38 PM
The market can never mature because it is a collective sentiment of loads of people who are regularly trading and that includes a lot of less experienced minded people who have never traded a speculative asset before. Hence halving will see ups and down before and after the event respectively. There will be people who buy at the FOMO and sell at the loss and hence the situation being like that. What I think is safer is not to trade during the hype of halving.
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#19Oct 3, 2020, 10:15 PM
The next Bitcoin halving would happen around March/April 2028 and just like we have witnessed in the past halving, we may be set to experience a bullish run after it, but it isn't a guarantee due to several reasons in the supply and demand system. Investors shouldn't assume that since this halving of 2024 and the past ushered in a bullish run, it would always be so because there's still much volatilities in the market and am certain the halving would try to reinforce scarcity of Bitcoin as always. Therefore, the best option during the time would still be to hold and observe the market before closing in on a position to either sell, diversify or liquidate, supposing an investor has been holding their Bitcoin for up to a decade following the next halving.
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#20Oct 4, 2020, 02:50 AM
Bitcoin mining industry has a long history and there has been many changes in this industry. Bitcoin mining history. From CPUs, GPUs, FPGAs, to ASICs and even with ASICs, there are many things change for improvement on their efficiency but you are right that 2012 and 2013 are years when mining was still doable and easy with "home miners".
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