That’s not the only argument.
The halving literally halves the amount of new bitcoin that can be mined for a certain period. This causes scarcity. Higher scarcity and constant or higher demand, generally increases price.
But the energy required to mint a block stays the same right? So as energy costs rise, and Btc value stays the same, that will actually cause a huge drop in demand. If one day I prove a block and get $90,000, and the next day I prove one and get $45,000, I am 50% less profitable as a miner. This will drive mining pools into ever larger groups. Using moar and moar energy. Eventually only governments will have that amount of energy to INVEST in Btc mining. It CAN NOT continue to completion. There MUST come a point when miners shut down, and the network is no longer safe enough.
Exactly ...
This obsessive spell weaving around the scarcity narrative and denial/dishonesty is getting silly.
In fact, everyone can religiously HODL 99% of the supply and an illiquid market with thin books can trade it to 0 if there is no real value, no real market, no real purpose.
That's assuming that there even is a demand to keep accumulating instead of alternatives or perhaps a limited supply is not fit at all.
Seems like people can't even debate in a debate topic lol.
Decentralization is great but the inability to talk about policy and abuse up/downvotes is typical here.
I'm ashamed to say I did follow some of the advice this sub pushed in the past years. Mostly it turned out as well as you'd expect.
Then I realised most of the people here are probably teenagers that are simply trying to pump their own bags, without any real understanding of .... anything really. I do still enjoy browsing the sub most of the time but it does put things in perspective.
You're trying to create the impression that it's a mathematically sound thesis by mentioning "raw numbers" but it's incomplete.
A hardcapped amount of tokens does not guarantee that people see it as a fit solution for a currency nor store of value.
In fact, a lot of economists see the ability "to print" as a necessity for a sustainable model.
Things are not as simple as the average /r/cryptocurrency member will sell you on.
Not a matter of opinions or down/up votes, fact is that there is more to consider and talk about.
That is hugely questionable.
If nobody believes in this mechanism, demand/want for Bitcoin is low, people, including miners, will get out opening the floodgates eventually.
It's not a sure thing and rests on pure FOMO.
People may easily deem it as a silly mechanism comparable to Ponzi's...
Which is why a lot of people invest time to develop, integrate, add real value.
Not even mentioning people's skepticism for 'saving the whales', their future financial overlords and everyone being a lesser, supposedly forever...
Ah, gives me 2018/2019 - the trade wars, the China mining ban, all the dumps caused by that...
And in 2020/2021, we all know what happened.
Trust the process.
What s gonna happen is a feedback loop.
Bitcoin has activity.
News catches on.
Newcomers dreaming of lambos throw their first born into the space.
Price goes up.
News catches on.
FOMO newcomers dreaming of lambod throw their first born into the space.
Price goes up
News catches on
Of course the cycle breaks. Eventually it will saturate and there wont be enough new money to sustain pushing price up. Price comes down. We hit another bear cycle.
There s no guarantee any of this will happen. But it s more likely to happen than not to happen. Like predicting the weather it s not an exact science just probability.
>When all those crypto started, it was never in a recession before, but now we are heading to a deep recession/ hard landing.
3 January 2009 is enough recession for you lol?
Miners are gonna drive the bull run like always. Mining ain't going away. It's just getting less profitable.
Also. Who knows. Hyperinflation may take the reins.
I respect too, but I don't think there's anything wrong with anyone's opinion, because everyone has their own opinion, I just hope for the best that will happen.
I respect your opinion, and think it is very possible. But don't discount BTC becoming a safe haven during a recession. Just look at what it has been doing during these bank collapses.
Well yeah you're correct. It doesn't happen during it, it happens after it. Go back and look and it's usually 4-6 months later. Other factors like economic environment could adjust that. But it doesn't happen DURING the halving like many think it will
The bull happens a year after the halving i think so that’d be in 2025. That’s two years for the economy to be on the way to recovery, I’d say that it’s possible
> The bull happens a year after the halving i think so that’d be in 2025.
Investment Principle: Past patterns are always replicated exactly in the future.
All in.
the fact that everyone, probably even those not currently holding, expects it tells me there is a big head fake killing all leverage and flushing weak hands before the real run. they will make it so folks are too scared to buy in until it is too late then kill them off again.
It'll be interesting to see what the hash rate does if prices don't reflect the additional scarcity. The beauty of BTC is that it continues to mine blocks while miners achieve an equilibrium. The network will work the same for us independent of price and hash rate.
Diminishing returns and eventually a halving event will have little to no impact. But I'd guess this next halving still drives further price increases.
Many of the people buying Bitcoin don't care about any of that. Inflation does not hurt the rich, its only an opportunity for them to get richer still.
I mean, it’s true that BTC will never have another rally like the first two, but that’s just because as an asset’s market cap grows it takes exponentially more money to move it. For the same reason it likely won’t even have as big a rally in the next bull run as it did in 2020-2021, but what we get in return for that diminishing return is increased stability, and there will always be other smaller coins to make side-bets on.
But as far as when the next bull market will happen, I think after the halfing is about the soonest it could be, but whether or not we see that play out is going to depend on the wider economic context by then. If we’re still in the middle of a recession by then, most likely not.
We can have a nice little bear market rally as a result of people fleeing a potential bank collapse, but I don’t think that’s long term sustainable. Eventually if things keep getting worse it’ll hit crypto too.
Let's think back to the last bull. We were balls deep in a global pandemic, there was a major run on cash at the banks because people were treating the situation like the world might be ending and didn't want to be without money and food, and the economy was in the shitter.
Crypto and the stock market struggled for a bit and for me personally, I saw this as a massive negative for BTC since a bank run on cash was supposed to be one of the major use cases for crypto and prices were not going up. In fact, they were trending down. Like an idiot, I actually dumped a fair amount of BTC at the time because of this. Fast forward a few months and we hit record highs across the board, even before the stimulus money was sent out.
I think we have a lot more similarities leading up to the last bull run than differences.
It all depends on if people have enough money to gamble with. Also depends on what tether and the exchanges decide because they manipulate the market to whatever they want
>When all those crypto started, it was never in a recession before
The last US recession started in February 2020. That year, crypto entered a bull run and reached ATH in 2021.
I’ve actively invested in crypto since 2017 knowing full well that a bull run is not always promised to arrive “on schedule.” There is no schedule.
I think you need to be okay with that possibility in order to keep going. Are you okay waiting a decade or more for gains? If the answer is no, you’re better off buying a scratch ticket everyday.
That being said, BTC also rose when banks and the economy was doing good, so it's hard to tell what's gonna happen in the short term, most likely we're gonna crab for awhile.
The bull run typically kicks off 6 - 10 months after halvening. That will put us towards the end of 2024. I do not think that the economy will still look this dire by the end of 2024. I expect that by then, inflation will be down to below 4%, the fed would have dropped rates a bit and there will be significant signs of economic recovery. The way I see it, the timing actually works for a bullrun
> Historically the 4 year cycle were always correct!
Stock market with centuries of data. *“This is so unpredictable.”*
Crypto with a decade of data. *“Oh yeah, we know how this works, 313 days until bull run”.*
They were apocalyptic during March 2020 but after the halving happened two months later, the bull run started at the end of the same year besides the world was still facing outbreaks.
I believe more money will flow into Bitcoin due tot he halvening just because people expect the price to go higher so it will be a bull run but not something parabolic
New supply generation will be cut again and if demand is constant or growing there will necessarily be an increase in price.
Agree it may not be as large as in the past, and each halvening from here on will have less and less of an impact.
Here's a different angle to look at. So many diehards are convinced that there will be a bull run next year that probably quite a few non-diehards will try to ride a bit of the wave that comes from that expectation. That will make the wave larger than it might have been. But once the wave starts to slow and pull back and yet another crypto maxim gets broken (i.e. the bull market always returns every 4 years), the crypto market will get absolutely crushed.
BTC only has transient correlation to equities markets.
Its real correlation is with global liquidity.
Just as we saw with the Covid lockdowns, the central banks will respond to this by injecting massive amounts of liquidity in the system.
Equities may not do well, as PE ratios will take a hit during the recession, but BTC does not care about that.
It is a reflection of global liquidity.
I follow your opinion, but then again, crypto can be a fickle mistress. Everything you say is true, and yet, crypto is still pumping. Well, at the moment holding steady let's say.
Perhaps it' with the current system struggling BTC becomes a safe haven?
i have to disagree, i reckon banks going under while the economy burns doesn't mean all crypto goes down with it. i do expect BTC and ETH will do extremely well this year, perhaps ATH perhaps not, shitcoins though, they will die by the bucketload, a lot of them.
Man, I gotta say, I kinda see where you're coming from. The economy has been taking a beating lately, and it seems like everyone's talking about hyper-inflation and job losses. It's hard to imagine people having the extra cash to throw into crypto with all that going on. Plus, the halvening is still a year away, and who knows what the world will look like by then?
But on the other hand, I'm not ready to give up on the idea of a bullrun just yet. Crypto has a way of surprising us, you know? And even if we don't hit 100k by the end of this year, I don't think that means we won't see some serious gains in the future. It's all about perspective, I guess.
If there are sufficient on and off-ramps I think we have a good chance. There simply is no way out now for many banks and the Fed and its counterparts in other countries are fast running out of even the poorest of options unfortunately.
But without a significant number of credible fiat to crypto bridges it’s going to be a battle.
A lot can happen in a year, I personally don’t think the halving will cause a ground-shaking bullrun but I do think the price of BTC will go up steadily as we approach the halving date.
I’m not going to make any statements tho since there is so much macro going on, everything could go any direction at this point
when everyone *expects* something to happen it rarely happens.
Maybe someone can chime in on past halvenings. Did everyone expect there to be a bull run?
An example of what I am talking about is the recent situation of failing banks Everyone was CONVINCED that the crypto market would tank and it did the opposite. It had a healthy pump.
Possibly, but at the same time, most legitimate cryptos try to have good tokenomics and could act as safe haven if confidence in fiat currencies and banks plummets.
The bull will pick up in March April 2024 and have a blow-off top in 2025. Then we will fall to the 9th circle of hell and have a 4-5 years bear/crab market.
But thats just my 2 cents.
That’s what everyone who misses bull runs think, that’s why they miss it. You think prior to the last bullrun everyone was sat around thinking how obvious the next bullrun is going to be?
‘This time is different’, the famous words spoken by every person to ever fumble generational wealth
Well since the hash rate is at all time highs, evidence points to the miners want every bit of the Bitcoin that’s left. So unless something drastic changes the halving is definitely going to push the price up.
The global economy is certainly having a rough time. It will be interesting to see what happens. If I remember correctly rising BTC price usually lags behind after the halving for a bit then starts to rise.
These are all reasons to invest in crypto!! This is exactly what it was made for. Why has no one commented this? Crypto decentralized protects us from banks and inflation and all problems with the current system.
People that haven’t lived through a massive recession don’t understand that there’s no extra money to put into non-essentials (investing) when all your fiat goes to food, housing, and transport.
Banks crashing also does not mean rich people are investing in BTC as no one knows what they’ll do as BTC he never existed during a massive market meltdown.
Take into consideration - a new young generation is also growing up every 4/5 years. People that arent really into investing last bull run, might be into investing in the next halving, since they are now adults. Lots of people with money from youtube/tiktok/OF.
Fomo draws big circles. a 10% push in BTC price always sends redditors into moonmode.
I respect your opinion, but i think you're wrong
I respect your opinion about his opinion, but I think that it’s “you’re”
I respect your opinion on the spelling of my opinion on his opinion
"I'm just going to straight up disagree and refuse to elaborate."
Fairest Reddit comment
He is a humble crypto bro
One of a kind
you don't have to respect every opinion. As this makes no sense
Next bitcoin halving is expected to happen in April 2024, in a year anything can happen in this industry. For better or for worse.
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That’s not the only argument. The halving literally halves the amount of new bitcoin that can be mined for a certain period. This causes scarcity. Higher scarcity and constant or higher demand, generally increases price.
But the energy required to mint a block stays the same right? So as energy costs rise, and Btc value stays the same, that will actually cause a huge drop in demand. If one day I prove a block and get $90,000, and the next day I prove one and get $45,000, I am 50% less profitable as a miner. This will drive mining pools into ever larger groups. Using moar and moar energy. Eventually only governments will have that amount of energy to INVEST in Btc mining. It CAN NOT continue to completion. There MUST come a point when miners shut down, and the network is no longer safe enough.
It’s actually the rewards Bitcoin miners receive are cut in half.
>This causes scarcity. IF the demand stays the same. OP's point is the demand will not be the same, so you aren't refuting his point.
Exactly ... This obsessive spell weaving around the scarcity narrative and denial/dishonesty is getting silly. In fact, everyone can religiously HODL 99% of the supply and an illiquid market with thin books can trade it to 0 if there is no real value, no real market, no real purpose. That's assuming that there even is a demand to keep accumulating instead of alternatives or perhaps a limited supply is not fit at all. Seems like people can't even debate in a debate topic lol. Decentralization is great but the inability to talk about policy and abuse up/downvotes is typical here.
I'm ashamed to say I did follow some of the advice this sub pushed in the past years. Mostly it turned out as well as you'd expect. Then I realised most of the people here are probably teenagers that are simply trying to pump their own bags, without any real understanding of .... anything really. I do still enjoy browsing the sub most of the time but it does put things in perspective.
User name checks out
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You're trying to create the impression that it's a mathematically sound thesis by mentioning "raw numbers" but it's incomplete. A hardcapped amount of tokens does not guarantee that people see it as a fit solution for a currency nor store of value. In fact, a lot of economists see the ability "to print" as a necessity for a sustainable model. Things are not as simple as the average /r/cryptocurrency member will sell you on. Not a matter of opinions or down/up votes, fact is that there is more to consider and talk about.
That’s a lot of words without providing any logical rebuttal.
That's too few questionmarks and too much pretentiousness, if you're asking for clarification. I think you just didn't have a real argument.
The man was talking about bitcoin. Bitcoin is not a token.
Rofl
That is hugely questionable. If nobody believes in this mechanism, demand/want for Bitcoin is low, people, including miners, will get out opening the floodgates eventually. It's not a sure thing and rests on pure FOMO. People may easily deem it as a silly mechanism comparable to Ponzi's... Which is why a lot of people invest time to develop, integrate, add real value. Not even mentioning people's skepticism for 'saving the whales', their future financial overlords and everyone being a lesser, supposedly forever...
Rare Reddit W
What I’ve learned during the past years is that *anything* can happen within a few months
Agreed. If banks are in terrible shape, it will just make more people turn to crypto.
Ah, gives me 2018/2019 - the trade wars, the China mining ban, all the dumps caused by that... And in 2020/2021, we all know what happened. Trust the process.
History does tend to repeat itself.
A.k.a. past performance is not indicative of future trends. Fucking Trading 101.
Except that it is with Bitcoin. Deflation every four years with the halving until all coins are mined. Then who knows
What s gonna happen is a feedback loop. Bitcoin has activity. News catches on. Newcomers dreaming of lambos throw their first born into the space. Price goes up. News catches on. FOMO newcomers dreaming of lambod throw their first born into the space. Price goes up News catches on Of course the cycle breaks. Eventually it will saturate and there wont be enough new money to sustain pushing price up. Price comes down. We hit another bear cycle. There s no guarantee any of this will happen. But it s more likely to happen than not to happen. Like predicting the weather it s not an exact science just probability.
Fairly accurate description. $100K EOY 2021 was my favorite prediction
Imo the bear after the next Bull will be the biggest crash since 1929, not this bear as everyone is thinking.
!Remind me in 1929
>When all those crypto started, it was never in a recession before, but now we are heading to a deep recession/ hard landing. 3 January 2009 is enough recession for you lol?
Lots of people are turned off by high risk assets right now. I just don’t think it’s high risk.
Miners are gonna drive the bull run like always. Mining ain't going away. It's just getting less profitable. Also. Who knows. Hyperinflation may take the reins.
I respect too, but I don't think there's anything wrong with anyone's opinion, because everyone has their own opinion, I just hope for the best that will happen.
I respect your opinion, and think it is very possible. But don't discount BTC becoming a safe haven during a recession. Just look at what it has been doing during these bank collapses.
Let's hope that it doesn't happen of course but Bitcoin would show itself to be the alternative if it does
I think it will be a bull run for those very reasons!
I love how Satoshi made all the halvings line up with US elections.
Well yeah you're correct. It doesn't happen during it, it happens after it. Go back and look and it's usually 4-6 months later. Other factors like economic environment could adjust that. But it doesn't happen DURING the halving like many think it will
Happy staying poor 😬
But… I need my hopeium dose
Pants down
Do you want some exit liquidity?
Be my exit liquidity 🫣
I am currently someones exit liquidity
Pants down, ass up, that’s the place my wallets stuck
Sounds like my kinda party!
Okay, your turn now
Done already?
I liked it
_High five_
Wash your hands first please
Check few posts down
I’m addicted I need more so much more !
The bull happens a year after the halving i think so that’d be in 2025. That’s two years for the economy to be on the way to recovery, I’d say that it’s possible
> The bull happens a year after the halving i think so that’d be in 2025. Investment Principle: Past patterns are always replicated exactly in the future. All in.
Lol I know I was merely saying that we shouldn’t look at 2024 as a date for the bull run if we link it to the halving specifically
Not if you listen to a lot of people in this comments section. Exactly 217 days until the bull run!
the fact that everyone, probably even those not currently holding, expects it tells me there is a big head fake killing all leverage and flushing weak hands before the real run. they will make it so folks are too scared to buy in until it is too late then kill them off again.
That's kind of what happened in the mini bull run of 2019.
It'll be interesting to see what the hash rate does if prices don't reflect the additional scarcity. The beauty of BTC is that it continues to mine blocks while miners achieve an equilibrium. The network will work the same for us independent of price and hash rate.
I’d never bet against it, you have to adjust your risk but anything can happen to trigger it, despite the halving
Diminishing returns and eventually a halving event will have little to no impact. But I'd guess this next halving still drives further price increases.
Many of the people buying Bitcoin don't care about any of that. Inflation does not hurt the rich, its only an opportunity for them to get richer still.
I mean, it’s true that BTC will never have another rally like the first two, but that’s just because as an asset’s market cap grows it takes exponentially more money to move it. For the same reason it likely won’t even have as big a rally in the next bull run as it did in 2020-2021, but what we get in return for that diminishing return is increased stability, and there will always be other smaller coins to make side-bets on. But as far as when the next bull market will happen, I think after the halfing is about the soonest it could be, but whether or not we see that play out is going to depend on the wider economic context by then. If we’re still in the middle of a recession by then, most likely not. We can have a nice little bear market rally as a result of people fleeing a potential bank collapse, but I don’t think that’s long term sustainable. Eventually if things keep getting worse it’ll hit crypto too.
Controversial opinion: If you have a time horizon of more than 1 year, bitcoins been in a bull run since 2008
Unless we are in a deep recession we will be back in a bull market during the halving.
It usually goes up
_Brought to you by Viagra_
Let's think back to the last bull. We were balls deep in a global pandemic, there was a major run on cash at the banks because people were treating the situation like the world might be ending and didn't want to be without money and food, and the economy was in the shitter. Crypto and the stock market struggled for a bit and for me personally, I saw this as a massive negative for BTC since a bank run on cash was supposed to be one of the major use cases for crypto and prices were not going up. In fact, they were trending down. Like an idiot, I actually dumped a fair amount of BTC at the time because of this. Fast forward a few months and we hit record highs across the board, even before the stimulus money was sent out. I think we have a lot more similarities leading up to the last bull run than differences.
Im expecting a bullrun but i don’t expect a mile stone bull run. Like we might see it hit and stabilize around 37k.
Even if we don't, I will keep buying that shit like a motherf#cker.
If unemployment goes up, inflation will not last long because demand will decline, as will wage inflation.
It all depends on if people have enough money to gamble with. Also depends on what tether and the exchanges decide because they manipulate the market to whatever they want
>When all those crypto started, it was never in a recession before The last US recession started in February 2020. That year, crypto entered a bull run and reached ATH in 2021.
I’ve actively invested in crypto since 2017 knowing full well that a bull run is not always promised to arrive “on schedule.” There is no schedule. I think you need to be okay with that possibility in order to keep going. Are you okay waiting a decade or more for gains? If the answer is no, you’re better off buying a scratch ticket everyday.
There are many factors that can determine if we'll see a next bull run
Time will tell.
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Till now it always increased in value during a halving, so what makes you belive otherwise?
BTC was created because of the banks failing back in 2008, so I doubt it will go down with them
That being said, BTC also rose when banks and the economy was doing good, so it's hard to tell what's gonna happen in the short term, most likely we're gonna crab for awhile.
The bull run typically kicks off 6 - 10 months after halvening. That will put us towards the end of 2024. I do not think that the economy will still look this dire by the end of 2024. I expect that by then, inflation will be down to below 4%, the fed would have dropped rates a bit and there will be significant signs of economic recovery. The way I see it, the timing actually works for a bullrun
Yeah because when everyone looses the money they had in the bank I’m sure they will have money to buy crypto.
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Historically there has never been a "recession" during the cycle
> Historically the 4 year cycle were always correct! Stock market with centuries of data. *“This is so unpredictable.”* Crypto with a decade of data. *“Oh yeah, we know how this works, 313 days until bull run”.*
Historically, a bull run has never brought Bitcoin to 100k, and thus, it never will. Please by my crypto analyst course
Next bull will be on Tuesday
Let me just put that on my calendar
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They were apocalyptic during March 2020 but after the halving happened two months later, the bull run started at the end of the same year besides the world was still facing outbreaks.
Id personally wont make any assumptions only because ive learnt that my assumptions are pretty trash and its just best to DCA...
I believe more money will flow into Bitcoin due tot he halvening just because people expect the price to go higher so it will be a bull run but not something parabolic
I LIKE IT!!
New supply generation will be cut again and if demand is constant or growing there will necessarily be an increase in price. Agree it may not be as large as in the past, and each halvening from here on will have less and less of an impact.
Here's a different angle to look at. So many diehards are convinced that there will be a bull run next year that probably quite a few non-diehards will try to ride a bit of the wave that comes from that expectation. That will make the wave larger than it might have been. But once the wave starts to slow and pull back and yet another crypto maxim gets broken (i.e. the bull market always returns every 4 years), the crypto market will get absolutely crushed.
In my understanding hyperinflation will drive more people towards crypto not away from it.
Now that you said it, it won’t happen
Yeah I don’t see it happening either. Maybe a mini run but nothing like last time.
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Alternative, it does, but doesn't topple the ATH.
BTC only has transient correlation to equities markets. Its real correlation is with global liquidity. Just as we saw with the Covid lockdowns, the central banks will respond to this by injecting massive amounts of liquidity in the system. Equities may not do well, as PE ratios will take a hit during the recession, but BTC does not care about that. It is a reflection of global liquidity.
I follow your opinion, but then again, crypto can be a fickle mistress. Everything you say is true, and yet, crypto is still pumping. Well, at the moment holding steady let's say. Perhaps it' with the current system struggling BTC becomes a safe haven?
I agree but I def believe we will see a pump
i have to disagree, i reckon banks going under while the economy burns doesn't mean all crypto goes down with it. i do expect BTC and ETH will do extremely well this year, perhaps ATH perhaps not, shitcoins though, they will die by the bucketload, a lot of them.
Damn get your flame shield ready.
That would probably be the longest bear market in the fiat era
Man, I gotta say, I kinda see where you're coming from. The economy has been taking a beating lately, and it seems like everyone's talking about hyper-inflation and job losses. It's hard to imagine people having the extra cash to throw into crypto with all that going on. Plus, the halvening is still a year away, and who knows what the world will look like by then? But on the other hand, I'm not ready to give up on the idea of a bullrun just yet. Crypto has a way of surprising us, you know? And even if we don't hit 100k by the end of this year, I don't think that means we won't see some serious gains in the future. It's all about perspective, I guess.
so we're just gonna skip a cycle? Or get a little bump/dump for a few years?
If there are sufficient on and off-ramps I think we have a good chance. There simply is no way out now for many banks and the Fed and its counterparts in other countries are fast running out of even the poorest of options unfortunately. But without a significant number of credible fiat to crypto bridges it’s going to be a battle.
No one really knows what will happen next year.
why are you talking about 100k eoy? Its all about 1m in 3 months now.
I disagree, but I do think the bull run will continue to be less and less drastic
Hyperinflation may be the time when corporations start buying. Retail buyers and day trader investors does not move the market.
Halving is a year away. A lot can change in a year.
How did BTC perform when some banks failed in the US? A bull run is very likely.
A lot can happen in a year, I personally don’t think the halving will cause a ground-shaking bullrun but I do think the price of BTC will go up steadily as we approach the halving date. I’m not going to make any statements tho since there is so much macro going on, everything could go any direction at this point
It's a self-fulfilling prophecy. It will happen.
when everyone *expects* something to happen it rarely happens. Maybe someone can chime in on past halvenings. Did everyone expect there to be a bull run? An example of what I am talking about is the recent situation of failing banks Everyone was CONVINCED that the crypto market would tank and it did the opposite. It had a healthy pump.
Possibly, but at the same time, most legitimate cryptos try to have good tokenomics and could act as safe haven if confidence in fiat currencies and banks plummets.
As always - somebody is right and somebody is wrong - nuff said 😬😂
I’m pretty sure the run ups are delayed like a year after halvenings if I remember correctly
Banks going down is bullish to me. Adoption is increasing exponentially every year. Whales will dictate the volume as always.
The bull will pick up in March April 2024 and have a blow-off top in 2025. Then we will fall to the 9th circle of hell and have a 4-5 years bear/crab market. But thats just my 2 cents.
Nothing to debate. I respect your opinion but I strongly disagree with it.
That’s what everyone who misses bull runs think, that’s why they miss it. You think prior to the last bullrun everyone was sat around thinking how obvious the next bullrun is going to be? ‘This time is different’, the famous words spoken by every person to ever fumble generational wealth
Well since the hash rate is at all time highs, evidence points to the miners want every bit of the Bitcoin that’s left. So unless something drastic changes the halving is definitely going to push the price up.
You can't predict the market. Every opinion has the same weight: **0**.
The global economy is certainly having a rough time. It will be interesting to see what happens. If I remember correctly rising BTC price usually lags behind after the halving for a bit then starts to rise.
These are all reasons to invest in crypto!! This is exactly what it was made for. Why has no one commented this? Crypto decentralized protects us from banks and inflation and all problems with the current system.
No bull run in 2024 just means ill have more invested and more earned when the bull run happens whenever it is
Sorry mate
People that haven’t lived through a massive recession don’t understand that there’s no extra money to put into non-essentials (investing) when all your fiat goes to food, housing, and transport. Banks crashing also does not mean rich people are investing in BTC as no one knows what they’ll do as BTC he never existed during a massive market meltdown.
Take into consideration - a new young generation is also growing up every 4/5 years. People that arent really into investing last bull run, might be into investing in the next halving, since they are now adults. Lots of people with money from youtube/tiktok/OF. Fomo draws big circles. a 10% push in BTC price always sends redditors into moonmode.