I got so interested in the part where you said that Bitcoin is not a reoccurring process. It was built on the foundation of unforeseen circumstances and anyone who tries to be certain in his speculations or predictions could go wrong. If it was a reoccurring event so many investors would go back and check the performance of bitcoin during such events or happenings and repeat the same strategy.
After the halving many were expecting rise immediately but of course its came as a shock for them that bitcoin went down and it's still dipping more currently. Same thing happens when the Bitcoin ETF was approved, yet it took some time for bitcoin to increase, and it happened when no one expected it.
In conclusion i just want to say these days not all new immediately affects the price of bitcoin. It's not like the stock exchange that any news can instantly affect the market.
Topic: Misunderstanding of Halving by Bitcoin enthusiast. - page 2. (Read 363 times)
Bitcoin has diverse means in which it operates, although I so much believe that this is th first time some of us that are here are experiencing this event called Bitcoin halving that's why they misunderstand the process, know doubt this occurrence that happens every four years was meant to be a period that Bitcoin is suppose to pump but unfortunately the pump has not been experienced yet but it doesn't mean that it won't happen.
this singular act of bitcoin just made me to understand that financial system are the most volatile, there stability is never assured, no matter how you predict their price, whatever happens in the long run or in the process was meant to be but not necessarily that your prediction was the reason for the event took place, now might be a great opportunity for everyone to acquire more of this asset if they can and keep holding until the appointed time comes.
this singular act of bitcoin just made me to understand that financial system are the most volatile, there stability is never assured, no matter how you predict their price, whatever happens in the long run or in the process was meant to be but not necessarily that your prediction was the reason for the event took place, now might be a great opportunity for everyone to acquire more of this asset if they can and keep holding until the appointed time comes.
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