Do you think that the Bitcoin halving will be relevant in 2024?

[Riberet19]

As many of us already know, that is, I understand that many here are investors or have understanding about Bitcoin, we know that the halving has a fundamental role as a catalyst for the price of Bitcoin, but my doubt is, do you think it will be relevant this time or with the same strength as the previous halving taking into account the economic context in which we find ourselves?

 

[Mostee501]

The Bitcoin halving is an event that occurs approximately every four years, reducing the rate at which new Bitcoins are created and distributed to miners. This process is programmed into the Bitcoin protocol and is intended to control the inflation rate of the cryptocurrency over time. The halving effectively cuts the block reward in half, leading to a reduction in the rate at which new Bitcoins enter circulation.​

In the past, Bitcoin halvings have had significant effects on the cryptocurrency market. They have been associated with increased attention, anticipation, and potential price volatility. The halvings have historically been followed by bullish market cycles, where the price of Bitcoin tends to rise significantly over the course of several months or years.
The most recent Bitcoin halving occurred in May 2020, and it was followed by a period of increased price volatility and a subsequent surge in the value of Bitcoin. However, it's important to note that market dynamics can change over time, and past performance is not indicative of future results.
Whether or not the Bitcoin halving will be relevant in 2024 depends on various factors, including market conditions, regulatory developments, technological advancements, and overall investor sentiment. It's challenging to predict the specific impact of the halving on Bitcoin's price or the broader cryptocurrency ecosystem in 2024.
If you're interested in the Bitcoin halving or its potential effects, it may be helpful to closely monitor the cryptocurrency market, stay informed about industry news and trends, and consult with experts or analysts who specialize in cryptocurrencies.

 

[Heatman]

There is a good possibility that it is going to benefit those who invest in Bitcoin in the year 2024 when it happens and I'm equally looking forward to it because of how it impacted on the blockchain technology in 2020. So, I am looking forward to taking advantage of it as well.

 

[Nomad]

Recently, I was listening to CZ of Binance and he remarked one interesting thing. He said one year after halving, the bitcoin price will go high. He based his argument based on historical data. I think Bitcoin halving will push Bitcoin price to the next all time high level. CZ says that will happen in 2025.

 

[Heatman]

Recently, I was listening to CZ of Binance and he remarked one interesting thing. He said one year after halving, the bitcoin price will go high. He based his argument based on historical data. I think Bitcoin halving will push Bitcoin price to the next all time high level. CZ says that will happen in 2025.

The year 2025 is still a very long time to go for someone to wait on but whenever you have already invested, I believe that you don't have any other choice but to wait and see how things eventually pans out. This is because the moment you pull your investment, you have already lost completely.

 

[Skysaint]

It should be. And I'm making all efforts to make the maximum amount I could from that when the time comes. My fear is that so many people now know about the Bitcoin halving and that might mean something negative to investors.

 

[Riberet19]

It should be. And I'm making all efforts to make the maximum amount I could from that when the time comes. My fear is that so many people now know about the Bitcoin halving and that might mean something negative to investors.

I really do not think there are so many people who know about the halving, only crypto investors and many have already left the crypto market, in addition the interest in cryptocurrencies right now is at a minimum, so there are still 8 months left for the halving and historically it begins to take effect 6-12 months after it occurs so at least there would be 14-18 months left for such a milestone.

Let's hope it acts as a catalyst as it has done before.

 

[Skysaint]

I really do not think there are so many people who know about the halving, only crypto investors and many have already left the crypto market, in addition the interest in cryptocurrencies right now is at a minimum, so there are still 8 months left for the halving and historically it begins to take effect 6-12 months after it occurs so at least there would be 14-18 months left for such a milestone.

Let's hope it acts as a catalyst as it has done before.

I am betting on that myself. I guess I'm just saying that we should be prepared for any surprises. After I lost so much from the cryptocurrency market as a result of a sudden unexpected dip, I now tend to evaluate all possible option before making investments.

 

[Ja Sa Bong]

I would love it to be relevant in 2024 with Bitcoin price pushing for another all time high. It's going to be a good time to sell some of the investment I've held in Bitcoin for years. I'm not going to sell everything but won't leave much when it happens.

 

[Heatman]

I really do not think there are so many people who know about the halving, only crypto investors and many have already left the crypto market, in addition the interest in cryptocurrencies right now is at a minimum, so there are still 8 months left for the halving and historically it begins to take effect 6-12 months after it occurs so at least there would be 14-18 months left for such a milestone.

Let's hope it acts as a catalyst as it has done before.

You're right about most people not really knowing much about what cryptocurrency halving is all about. They are just in there waiting to see how the market behaves before they will enter the market trying to take advantage but those who understands halving have already made their plans.

 

[Riberet19]

You're right about most people not really knowing much about what cryptocurrency halving is all about. They are just in there waiting to see how the market behaves before they will enter the market trying to take advantage but those who understands halving have already made their plans.

Yes, in addition, as we know, the halving takes effect much later than the event occurs, so it remains to be seen what can happen, one must accumulate Bitcoin from long before the halving really occurs, if you dont, you could buy at quite high prices and maybe you do not get the profits you want.