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Topic: how many halvings have you witnessed? - page 4. (Read 504 times)

full member
Activity: 448
Merit: 222
October 12, 2023, 10:20:11 PM
#11
We have an excellent probability of making money during the halving because miners will receive a smaller reward and are unlikely to sell the bitcoin they have earned thus far.
Instead, they will attempt to maintain the current price of bitcoin since they own the majority of it, balancing mining costs and supply.
Because the price of bitcoin increased every time after it was halved, people who view the chart and believe that "this time will be different" avoid investing during the prices are low, watch full bull market without investing.
We cannot know the future, maybe that time will be different... or same.
mk4
legendary
Activity: 2786
Merit: 3845
Paldo.io 🤖
October 12, 2023, 10:07:56 PM
#10
Keep your expectations in check, because past performance is not indicative of future results. If you're just betting on a bull market after the halving, what will you do if you ended up being wrong? Your investment/trade thesis immediately crumbles.
legendary
Activity: 1582
Merit: 1284
October 12, 2023, 10:01:41 PM
#9
Do not try to build a financial experience according to other people’s personal experiences about investing or stories you hear from here and there. You must have a clear investment plan because the method of calculating profit for each user here may be somewhat unique and differ depending on the country, taxes, investment amount and investment experience.
I have witnessed two bear markets and one bull market, and the best advice for you is to completely distance your emotions during such times.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
October 12, 2023, 09:50:37 PM
#8
~snip
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.


According to a survey, less than 5% of the world's population invests in bitcoin, which means that not too many people know about the upcoming halving that will send bitcoin higher. Only those who have been participating in the market know about this important event, so we should not worry too much that everything is saturated or becomes too predictable. The number of bitcoin investors is nothing compared to other markets, we are still very small.

I believe that as long as the market increases suddenly, there will always be a large number of new investors rushing into the market for speculation purposes and most of them will Fomo buy at high prices while old investors will take profits.
hero member
Activity: 2702
Merit: 704
October 12, 2023, 09:06:42 PM
#7
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?
So far I have witnessed two halvings, 2016 and 2020, and I am about to watch my third halving with the one coming on 2024, however I recommend that you do not concentrate that much on the halving, since even if a bull run were to not happen this time around it would not matter for a long term holder.

The point of long term holding is to always have in reserve a great deal of coins when bitcoin finally goes up in value, so you could use them to buy something you want or sell some of it for fiat, so never forget that for a long term holder the halvings are not really a goal, they are just the means to get what they want.
legendary
Activity: 2170
Merit: 1789
October 12, 2023, 08:56:42 PM
#6
Once it ends, then expect prices of cryptocurrencies to skyrocket; take it as an advantage to invest either short or long-term depending on your goal.
Just to put a disclaimer here, while it is likely that the price will increase, there is no harm in preparing for the worst. For example, you should be prepared that a year after halving or so, the profit you expect doesn't come. Make sure you don't go all-in or take a loan or do something stupid like that just because people believe you'll get a 5x increase and so on. Basically, make sure you don't forget to do risk management regardless of how much money you want to invest.
hero member
Activity: 2212
Merit: 786
October 12, 2023, 08:03:13 PM
#5
I think I have experienced one (1) halving.

I remember people were excited on why the halving happened as I was a newbie when that happened. In fact, I was not aware of its opportunities and potentials when people were taking advantage of this phenomenon. Now that I have a better understanding on the cryptocurrency world, the halving is now one of those events that I keenly look forward to.

To all newbies that are starting and reading this thread, I highly recommend saving or purchasing BTCs before the halving starts. Once it ends, then expect prices of cryptocurrencies to skyrocket; take it as an advantage to invest either short or long-term depending on your goal.
legendary
Activity: 2954
Merit: 2145
October 12, 2023, 07:55:33 PM
#4
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 don't need to ask anyone, the full price history is available on many websites. You can clearly see a pattern that the price starts growing after the halvening, and typically 1 year after the halvening there's a strong bull market.

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?

There were similar predictions in the previous bull runs that they won't repeat because people will be expecting them. And yet they repeated, but you can see that the relative growth is slowing down. There's no x100 returns like it was before.
EFS
staff
Activity: 3696
Merit: 2065
Crypto Swap Exchange
October 12, 2023, 07:42:36 PM
#3
I missed 2012 halving, learned Bitcoin later around early 2013. You can see what happened after the halving from the charts. You don't need to be directly involved in it at that time. Many articles have been written about this, you can read them. What you need to remember is that we cannot say that Bitcoin will definitely rise after the halving. It will most likely rise, but it would be a mistake to be so certain. Better be prepared for that time.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
October 12, 2023, 07:38:13 PM
#2
There has been three bitcoin halving. After each halving, bullrun followed it. With how the price of bitcoin has been increasing, it is evident that only reducing mining reward can not do it, increasing demand is another reason. The mining reward is reducing, but the reward is still adding to the circulating supply and the effect is reduction in price, but in a way that it is not significant. The demand will increase the marketcap and increase in the marketcap means increase in the price of bitcoin.
sr. member
Activity: 420
Merit: 252
My post made philipma1957 wear signature
October 12, 2023, 07:26:17 PM
#1
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?
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