Topic: Misunderstanding of Halving by Bitcoin enthusiast. (Read 363 times)

My brother, you don really talk well, most of we wey be crypto enthusiastic wey never experience halving before including me, think say once the halving event take place, the price of Bitcoin go just dy skyrocket immediately without even knowing how the system works, but we mostly dy disappointed at the end because wetin wey happen, no be wetin we dy expect, even up till now, the price still never move up as expected.

Most people no know say e go normally take Time before the price go move up, but still on still, as for me, I never still lose hope, I believe say the price of Bitcoin go move up as predicted in due time, so my primary concern now na how to accumulate a very good stash of Bitcoin, so that wen the price start going up, I no go miss out in cashing out big.

I do much agree in your day because research can help eliminate some ignorance of halving actually is not easy for a beginner or new investor who have not witness halving to stand with boldness during this process without have some emotional disorder, unlike it's my first time to witness this halving I know how it's in my side despite the level of information I have by my side, investor can endure anything but once it comes do with loss on their Investment the shock and emotion is always there.
The best is to go for knowledge as that will help one stand and never worry during  halving or dip or any corrections occuring in the system .

Yes it is not just because someone predicted that will make the price fall or rise but people still predict base on the anticident of bitcoin itself too. Like you have expected an astronomical price increase since the halving of bitcoin, people also expect it and will base their analysis on that. Bitcoin price increase has history and it occurrence is followed from its beginning. So that is what causes a particular prediction to go a certain direction. However, to me, things have looked a little different with the ATH before halving and that has given the market a different expectation from what we see.

I agree with you. Investors has actually been the one speculating that approach stating that there'd come the bitcoin bull run once the halving.
That particular speculations has as much attracted so many people to invest in the bitcoin before the halving runs over and clocks to the bull event. Many investors who needed to sell their assets to avoid depreciation of their assets values also has that insights to hold patiently that in just a While immediately after the halving would surge a huge point of making bigger profits by the bull event in expectation.
But it's unfortunate that rumours doesn't freak the volatility of bitcoin which the bull actually didn't come as it was speculated.
This has also served some expectant investors emotional sentiments. Yes and indeed halving will come but not so immediately as many Investors may have be awaiting.

The Truth is that a lot of investors keep passing out the wrong information. Maybe due to how they were informed or they are just trying to make money from helping others invest. Bitcoin halving as it was defined is a way of reducing the Total rewards miners gets from mining a block. There wasn't anywhere, it was stated that this event will actually drive the bull run.
What really happened is that investors in the past have noticed that after the halving event, there is an uptrend in the price of Bitcoin. Many forces drives this uptrend and it's not actually the halving. This is the reason why it has been passed along that after the halving come the bull. But the halving doesn't necessarily mean there will immediately be a bull run. Somany investors have missed the whole point and rushed into investing without understanding what the halving is all about.

Bitcoin halving is indeed a unique event, and for those who are experiencing it for the first time, it can be a bit confusing. While some may have expected an immediate pump in the price of Bitcoin, it's important to remember that the effects of halving can take time to unfold. The market process or system and various factors can influence the price movement. Bitcoin operates in a way that is not always predictable it is not like reoccurring event where you can simply check past performance and repeat the same strategy. Various factors influences bitcoin price certain events may take time to reflect so it's important to have a long term perspectives. It's a great opportunity for people to acquire more Bitcoin if they can and hold onto it for the long run. The appointed time will come and patience can be rewarded.

Just continue to de hit better results for the system. Bitcoin halving this year na one of the overhyped trends and its been suited to where it belongs. We go just de pursue our dreams for the system because life don hard pass like this. This is entirely not the time to dey shine teeth but focused on the main projects and do justice to the ones that we're acquainted. Misunderstanding na entirely another thing and it all twists the whole information. I go de advised people around me, never use your last cards for invest into crypto projects.

Most of di people wey de carry dis wrong mentality de enter market na mainly newbies wey never get di experience of halving before, and as dem don hear plenty hypes about bull run, say na wen Bitcoin price de continually surge and investors go get plenty ROI, and na "after halving" di bull season de start. So dem don carry plenty money buy Bitcoin, halving don pass, instead of price to surge e begin to de dip, and many of dem go panic and begin to de sale.

E de important for newbies to research and gain knowledge about how Bitcoin de work before dem begin to invest, odawise dem go de make wrong decisions, some go even vex and say Bitcoin na scam. Dis na my first halving experience, and I no worry about wetin de happen now, because I don gather plenty experience for dis forum, so I know say bull run go happen, na just a matter of months and events go kickstart di price surge gradually.

People just dey carry the wrong mentally dey enter the market, there is no where that it's written that after Bitcoin halving say the market go pump immediately. Market go pump be say market go pump, when the pump go happen nobody know so make nobody dey tell you say na this particular time or that time. E dey happen before at a particular time no mean say e need to happen exactly at that time for this halving. Make we just relax ourselves because that pump wey we dey find no go come, Bitcoin need to settle down again and wait for something wey go ginger am up. ETF matter dun go, halving fomo dun go so make we no too dey expect say market go just wake up from no where begin they raise to our high expectations anytime soon.

Small rise and fall fit dey happen but if we dey wait for any major price increase make we just know say e no go happen now. Make we too dey look for history book, the ATH no dey happen immediately after halving dun finish but e dey take sometime and always more than 365 days before e happen. This one mean say na like one year wey we need to wait before any major price movement if we dey look based on history but things fit still happen in another so to dey prepared na for we to just dey buy Bitcoin anyhow our money reach and dey wait.

even if they invested because of the hype that went all out prio to the halving, with the curent price, bitcoim hasnt DIPed that much to have put them in loss except they were expecting Bitcoin to dramatically move to $150k overnight. The good thing is that regardless of the amount they bought Bitcoin before the halving, if they still remain patient for some time, Bitcoin will still bounce back to being bullish and when it does, it's certainly going to increase beyond most average holders imergination.

But this all goes to show the disadvantage of buying Bitcoin with the mindset of holding for a short timeframe even when you're not certain what the price will look like at the time you plan selling your Bitcoin. It's a risk that's not worth taking at all. Bitcoin in its nature is good from an investment point of view and not as a means to just get imidiate profit and as long as you're still of such mindset to get quick gains, it will be deficult in times as this when almost all the speculation that's flying here and there haven't proven correct.

Many persons were expecting the price of bitcoin to soar after the halving and gave so much hype to it, many people who usually follow trends were forced to invest in bitcoin, just imagine what would happen if the price suddenly goes lower and the bear comes. This is a lesson that we should not follow trends to invest or public opinion, bitcoin is unpredictable and the halving was never designed to give any price increase to bitcoin, its all a hype and it doesn't guarantee anything.

Bitcoin has periodic section on event that occurs in its every circles, it can't be manoeuvred because of investors emotions of those who wants to make quick profits and those who're sentimental with the slow volatile volume to enhance sudden increments in the bitcoin market price.
Hence it's been said that bitcoin is an investment platform with the potentials of generating incomes for richness but not a get rich quick. So I pity those Investors who has the thought that once the halving has occured there'd be a sudden surge of bitcoin price so they could make their profits and have their sentiment emotions settled.
So bitcoin bull run or the bear run was never going to happen so soon just after the halving and I've come across lot of investors frowning over the market nature and some are regretting already that it wasn't what was expected before they invested.

Greeds and impatient is such actions that leads lot of investors to lost of their funds and that's why lot of them have their funds invested on the Meme and disreputable Alt Coins where they have them all lost due to the hyping of a get quick rich speculations.
But why they get to invest on bitcoin there their funds are better of reliable and only time factors that's demanded before they could make the profits, they wouldn't still let their emotions be at rest rather than being sentimental even when their funds is obviously safe for them there in the bitcoin blockchain.
Too much confused investors everywhere.

Plenty people Dey wey be say dem think say na immediately after halving na him bull run go start, some people go use money wey dem suppose use chop go buy coin as halving don near thinking immediately wey halving don pass or halving Dey, market go pump well and dem go cash out. Now wey halving don pass and coins come Dey dump, dem come Dey complain up and down. We Dey expect bull run as halving don pass, but the fact is that, nobody knows when the bull run will be starting, e fit start when nobody expect, e fit be ending of this year, and e fit be next year, so make we no even put mind say e Dey come soon so that we won’t be disappointed.

To the bull season wey never begin fly, I think the market already dey wait for one kind news now on btc and you go see the volatility happening. Like for example if one big btc enthusiast make any statement now about buying so much btc you go see that will shake the market and people go dey attracted to run in again with that the bull don happen be that. Anyway though, e go happen soon and there is still time to purchase more coins before the real ride go start.

One of the characteristics of bitcoin is volatility either up trend or down trend. Bitcoin is not a get rich quick scheme so people should not just expect the uptrend volatility so soon. Definitely we will get to that point but it Must surely take time. Bitcoin is so powerful that takes you in awear. That is why we are been told to accumulate alit because they say bitcoin will rise you will never expect just like we moved from bellow $25k earlier last year, but now see where we found ourselves. Bitcoin does like a sun. It rise when You don't notice and also fall to moonlight when you don't also notice even when your eyes are in the sky you will not notice when it sets. So let us not wait to see how fast it will grow before investing because the day it will pump, you might even be in your bed sleeping and waking the nest morning to see how far it has grown.

The truth is that before the halving came, we have had lots of people with high expectations about what Bitcoin halving should look like, of which ever since the halving came and gone, and they haven got their dream price, they now tend to doubt Bitcoin about it's potential to skyrocket as predicted many time before, forgetting that this year we saw Bitcoin crossed a new All-time-High before halving, which has never happened before. Hence this is a sign that we should be expecting a different turn around in the life circle of Bitcoin.  So just as I always say, rather than regret, this should be an opportunity for people to accumulate more, rather than shying away, because at the time of writing this post, Bitcoin has fallen 5% in the past 24hrs, and currently valued at $60,220 per BTC. And that doesn't mean this price it's going to remain like this, as there is a high tendency it skyrocketing high in the last quarter of this year 2024

There are lot of misunderstanding which is common for newcomers and halving is one of them and it's trending now due to the latest halving event which took place, I think people should try doing little bit of research and check the historic data related to this halving event because the way halving is hyped those who are not aware of crypto or new to crypto will feel bull run will occur immediately after halving which has never happened as it takes couple of months for bull run post halving. 

Bitcoin halving have been misunderstood by lots of newbies.Bitcoin halving isn't backed up with magic that's just what most newbies fail to understand,most newbies feel that after the halving the price will increase overnight forgetting that the monetary policy of Bitcoin is volatile.When I joined this forum I saw the way Bitcoin halving was hyped and after the event I was expecting an increase in price but I realized that the market is unpredictable.Now that the price of Bitcoin is dip this is the best time we accumulate rightly rather than predicting the price.

Yh,  as you have said OP, many misunderstand what halving really means,  they actually think after halving comes a mighty bull run with price increment, actually it's not. Halving is a catalyst or a process that must happen that certifies a bull run. The next decision is for you to keep accumulating, and building a solid Bitcoin portfolio. Many will miss out because they chase without rules, cautions after profits and end up getting pissed when it doesn't move the way they want.

Always remember a volatile market transfers money from the impatient to the patient ones.

If you look at the first advice every old investors will tell you about this investing in this crypto space it is always invest what you can afford to lose, you will see that it is clear that no matter how you much a coin or investment is predicted or speculated to yield a profit sometimes it undergoes bearish correction that mostly take longer time than expected.

Investing what you can afford to lose doesn’t mean you will lose the money most especially if it is bitcoin but rather it gives you the opportunity to be able to stay patient for a long period of time should history doesn’t repeat it self.

Halving has been way too over hyped by most newbies to cause price rise, although it is a strong catalyst to a long bull run but it occurrence doesn’t mean a bull run will kick start immediately. In the past halving it takes months before the paradigm shifts of market to the bullish period and we are just two weeks into this halving of a thing so I don’t expect the market to react as many are anticipating. What the market is doing right now is simply making corrections on the rise that happened right before the halving.