Topic: how many halvings have you witnessed? - page 3. (Read 504 times)
The main reason for halving is to expand the market and disclose its detailed activities The fact that each time the price is increased means that the prize will never decrease, it will continue to increase Temporarily the reward appears to be decreasing, but actually the reward is not decreasing In fact it is acting as a strategy to add supply The demand in the market is constantly increasing, and the market is expanding a lot, so the Bitcoin market is growing rapidly day by a day, that is why the reward rate seems low in terms of price. I have not got a halving yet but from what I have heard or analyzed the data they are sure to increase in a price but first time I thought of investing.
Like you, I have not been able to witness the halving till now. When I started learning about new bitcoin, I heard discussions about this bitcoin halving among my older brothers. But so far I have not been able to join that discussion.
How long does this Bitcoin halving actually come?
How does this change Bitcoin?
How long does this Bitcoin halving actually come?
How does this change Bitcoin?
I am yet to witness any halving and the purported bull run that accompanies it. This is the reason for this topic. I want to ask people that have witnessed many halvings if there has been a halving that was not accompanied by a bull run.
I also want to know if the majority of people always know that there is a bull run after every halving as in the case of this period. I am of the opinion that the reason the halving bull run is always effective is because of the ignorance of many who will join the bitcoin market at the very wrong time. Now that many people are aware of the upcoming halving and may likely not enter the market the wrong time, whose ignorance will push the price up. Or is the reduction of miners reward able to do it alone?
I also want to know if the majority of people always know that there is a bull run after every halving as in the case of this period. I am of the opinion that the reason the halving bull run is always effective is because of the ignorance of many who will join the bitcoin market at the very wrong time. Now that many people are aware of the upcoming halving and may likely not enter the market the wrong time, whose ignorance will push the price up. Or is the reduction of miners reward able to do it alone?
I have been through all of them
2012 and new ath in 2013 about 1,200
2016 and new ath in 2017 about 19,500
2020 and new ath in 2021 about 69,500
I have only known Bitcoin and crypto since mid 2017, so I only have witnessed 1 Halving previously on 2020. From I notice, the previous halving have more hype than the current upcoming halving. Probably because there was only few big news happening nearly towards the halving date, while for the upcoming halving there are too many big news like wars, ETF, recession, .etc. So the hype for halving is distracted.
2024 will be my third & I expect it to be better than the last one which I believe was suppressed, interrupted, kept down or whatever by various things. FTX were selling customer bitcoin to suppress the price, COVID played a role & also China banning bitcoin right in the middle of the bull really screwed us. I think we missed the crazy, parabolic top but we will get it this time.
I can see many people focusing their certainty on Bitcoin pump after the halving, I wasn't here in 2012 halving and that's the only halving period I missed in the past, I noticed that Bitcoin gain momentum some months later after the halving, so if you are thinking that Bitcoin will spike after the halving you are going to be disappointed, all I can say is bear market can be very hard, I believe 2024 will be the hardest part of the bear season where many people will give up.
I am simply emphasizing on what has happened before, and I believe it will happen again, maybe people will get tired of holding, and many will take their losses and move out of the market, the momentum always returns when people don't expect, and that's where big investors will start coming back into crypto, I missed making the biggest gains in 2021 I believe I never made enough and I won't let this change slide again.
If you are smart you will keep DCA into Bitcoin gradually, as we are now in a crossroads where we don't know which way Bitcoin will go next, instead of trying hard to know it's better to be prepared for anything, keep buying Bitcoin as time goes by is the best investment strategy.
I am simply emphasizing on what has happened before, and I believe it will happen again, maybe people will get tired of holding, and many will take their losses and move out of the market, the momentum always returns when people don't expect, and that's where big investors will start coming back into crypto, I missed making the biggest gains in 2021 I believe I never made enough and I won't let this change slide again.
If you are smart you will keep DCA into Bitcoin gradually, as we are now in a crossroads where we don't know which way Bitcoin will go next, instead of trying hard to know it's better to be prepared for anything, keep buying Bitcoin as time goes by is the best investment strategy.
Too bad I missed the previous bitcoin halving. Because I haven't invested in bitcoin before the previous bitcoin halving. But after yesterday's halving I was one of those who became familiar with and interested in Bitcoin. Because when the latest halving occurred, we know that crypto hype really controlled the media.
But even though I have never experienced a Bitcoin halving, I have seen market charts since the first Bitcoin halving. I compare it at every halving. And there is almost the same pattern. It's just that the interesting fact is that every time a Bitcoin halving occurs, a new ATH is always created afterwards. This is what is really interesting. And I also want to join for the next halving. Because I think the next halving will really be more interesting. Because it seems that even large institutions have started to enter and become interested in Bitcoin.
But even though I have never experienced a Bitcoin halving, I have seen market charts since the first Bitcoin halving. I compare it at every halving. And there is almost the same pattern. It's just that the interesting fact is that every time a Bitcoin halving occurs, a new ATH is always created afterwards. This is what is really interesting. And I also want to join for the next halving. Because I think the next halving will really be more interesting. Because it seems that even large institutions have started to enter and become interested in Bitcoin.
I have been experiencing it for many years and every year it is the same...... the hype starts a month or two before the actual event and it gets a lot of attention prior to the actual event, which means that the interest in Bitcoin increase and the price also going up.. before... the Halving occur.
This will only happen, if there are no other negative event that might cancel that affect on the price. There is also not a significant increase in the price.... so do not expect fireworks.
This will only happen, if there are no other negative event that might cancel that affect on the price. There is also not a significant increase in the price.... so do not expect fireworks.
I have experienced 2 halving events first in 2016 and second was in 2020 and yeah these both halving gave bitcoin a really high boost in price after a few months after the halving. So, this is kind of like a trend for the bullrun for the people who have witnessed all three halvings.
However, you should still invest what you can afford to lose. Though a lot of us here are anticipating for another bullrun but it isn't guaranteed that it'll happen. There might be a huge possibility, but the price range of how huge or how small the pump is are not guaranteed as well.
However, you should still invest what you can afford to lose. Though a lot of us here are anticipating for another bullrun but it isn't guaranteed that it'll happen. There might be a huge possibility, but the price range of how huge or how small the pump is are not guaranteed as well.
I am yet to witness any halving and the purported bull run that accompanies it. This is the reason for this topic. I want to ask people that have witnessed many halvings if there has been a halving that was not accompanied by a bull run.
have seen 2 halving happened in front of me , but the sad part is that I am stupid to not accumulate enough Bitcoin before the Bullrun happens and that made me a loser or a crying man after each halving.and I never learn my lesson from the 2017 that I made the same mistake in 2021 but now? this 2024? I will never let myself turns as a loser again.
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I also want to know if the majority of people always know that there is a bull run after every halving as in the case of this period. I am of the opinion that the reason the halving bull run is always effective is because of the ignorance of many who will join the bitcoin market at the very wrong time. Now that many people are aware of the upcoming halving and may likely not enter the market the wrong time, whose ignorance will push the price up. Or is the reduction of miners reward able to do it alone?
combination I believe , the Reduction of Miners reward and those ignorant that investing even when the price is continuously spiking up.but also there are some effect from other areas that does not mentioned .
Too many times and all of them are successful in terms of making the crypto market all green especially it will be the same reason to create another bull runs because of its trends and people will know it more and they will be interested to invest because it will be the best time to enter the crypto industry via investing in bitcoins. that's why we always have a new ATH after that because there are lots of people added to the list of new investors by that time.
I witnessed all of them except the first one. In many cities there was some halving parties and I usually waited and watched when the block was found. I would then check and see the block reward if it actually decreased.
You gotta becareful with miners however. Many sell their mining equipment right before the halving and it tricks some new people because all of a sudden their profitability decreased by half over night pretty much.
You gotta becareful with miners however. Many sell their mining equipment right before the halving and it tricks some new people because all of a sudden their profitability decreased by half over night pretty much.
I am yet to witness any halving and the purported bull run that accompanies it. This is the reason for this topic. I want to ask people that have witnessed many halvings if there has been a halving that was not accompanied by a bull run.
The question is for future halvings, not for past halvings because you can check the chart and see Bitcoin always has its bull run with past three halvings.Lazy to check chart, this guy makes it for you.
Satoshi Nakamoto designs 32 halvings for Bitcoin and we are less than 200 days to a fourth halving.
How is the 21 million Bitcoin cap is defined and enforced?
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Well, I became interested in bitcoin around May 2017, so about a year after the halving but in the run-up to the bull run that took the price from $1,000-odd to $20,000 at the end of the year. I experienced the 2020 bull run, although I was not active on the forum at the time, but the same thing happened in both, a bull run with an all time high between 6 months and a year and a bit later, although the last ath was disappointing, as we all expected more.
I agree.
Historically, bitcoin has gone through three halvings and has always had a bull market afterward. That is the basis for us to believe that things will repeat and we will have another bull season, but we also need to be careful because there is no guarantee that things will repeat.
I agree.
I am yet to witness any halving and the purported bull run that accompanies it. This is the reason for this topic. I want to ask people that have witnessed many halvings if there has been a halving that was not accompanied by a bull run.
I also want to know if the majority of people always know that there is a bull run after every halving as in the case of this period. I am of the opinion that the reason the halving bull run is always effective is because of the ignorance of many who will join the bitcoin market at the very wrong time. Now that many people are aware of the upcoming halving and may likely not enter the market the wrong time, whose ignorance will push the price up. Or is the reduction of miners reward able to do it alone?
I also want to know if the majority of people always know that there is a bull run after every halving as in the case of this period. I am of the opinion that the reason the halving bull run is always effective is because of the ignorance of many who will join the bitcoin market at the very wrong time. Now that many people are aware of the upcoming halving and may likely not enter the market the wrong time, whose ignorance will push the price up. Or is the reduction of miners reward able to do it alone?
Historically, bitcoin has gone through three halvings and has always had a bull market afterward. That is the basis for us to believe that things will repeat and we will have another bull season, but we also need to be careful because there is no guarantee that things will repeat.
There have been many theories about this, when everything is becoming so clear and easy to predict, will it continue to happen? I've also thought about this but it's the future and we can't say anything. I will continue to believe in history until new history is created.
I am yet to witness any halving and the purported bull run that accompanies it. This is the reason for this topic. I want to ask people that have witnessed many halvings if there has been a halving that was not accompanied by a bull run.
You do not need to witness a halving to know if it was accompanied by a bullrun or not. It's easy to know the years we have had halvings, there's one coming up next year 2024, so we must have had one four years before in 2020 (cause 210,000 blocks comes averagely every 4 years), then we had another in 2016 and 2012.We have had three halvings in total, 2012, 2016, and 2020, now check for the periods of bullruns through the charts;
• In 2013, after the first halving, Bitcoin hit an ATH of ~$1000 and did not go past that again until after 2016.
• In 2017, Bitcoin rose to another ATH of ~$20,000 and did not go past that again until after 2020,
• In 2021, Bitcoin hit a new ATH of $67,000 and has not gone past that since then.
This means that ever halving has been accompanied by a bullrun so far.
Even without an increase in demand, a reduction in supply influx is enough to cause an increase in price, increasing supply against demand.
As far as I remember, the only time I really understood the effect of halving on the market was 2 halvings, because halving in 2012 only knew about it without understanding it had a huge impact on the market and became a reference for many traders to start being very active in trading because the market was very active so they could get profits from daily trading is huge.
The halving and after that entering the bullrun period which provided a lot of profits was 2016-2017, while the halving and subsequent bullruns did not have time to experience big profits but I am sure that those who have been paying attention to Bitcoin and the market for a long time will always look forward to the period after the halving, or what we usually do call the four-year cycle.
The halving and after that entering the bullrun period which provided a lot of profits was 2016-2017, while the halving and subsequent bullruns did not have time to experience big profits but I am sure that those who have been paying attention to Bitcoin and the market for a long time will always look forward to the period after the halving, or what we usually do call the four-year cycle.
IIRC, I have witnessed two halvings that were followed by a bull run. This is why you can't eliminate the hype surrounding halving events; people expect a bull run to follow. So, we are in another exciting time again. As the halving is approaching, we should consider accumulating more crypto as we never know when the market will take off. History suggests that it's likely to happen after the halving, so we should consider betting on that.
For those who like to know about when Halving is, check this countdown.
https://academy.binance.com/en/halving
For those who like to know about when Halving is, check this countdown.
https://academy.binance.com/en/halving
All but the first one.
When talking about the future, no one can be sure what will happen, history may or may not repeat itself. Therefore, in investing, what we need to do is prepare for every possible situation. Optimism is essential for our investment portfolio but we should not be subjective and always have a backup plan. Although I have been lucky enough to experience 2 bull seasons, I cannot guarantee that things will repeat this time and what I am doing is preparing a plan for both bullish and non-bullish scenarios for bitcoin.
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