There is so much expectation about the bitcoin Halving, and it has even attracted many investors to bitcoins who want to be able to profit from bitcoins after the halving. What is expected to happen during the halving? It is expected for bitcoin to set a new All time high price. After the Halving, what do you think may happen? Do you think that the number of sellers will increase after the halving, sellers of bitcoins from people who want to cash out on the profit they have made? Or do you think there will be a reduction in interest of buying bitcoins because of it already very high value that new investors will know they cannot profit from anytime soon?
Nothing. CZ best explained this in a tweet that he made last year where he basically summed up what goes on before, during, and after the halving.
The first few months before the halving, people are going bonkers and excited over it. A lot of speculations happening on just how high bitcoin could go this period, how fast the bull run will arrive, and all that stuff. After the first few months comes the halving itself, where people celebrate and shit, we're going to experience a price pump during this period and it's expected, but since there's nothing to really go for besides the halving, the price will immediately correct itself, and people are gonna go crazy cause they thought the halving's going to solve the price crash or whatever.
A few months after, that's when the real bull run starts. It's either because the people anchored to another amazing and profitable technology that they could make millions out of, or a support from a prominent crypto personality which will drive attention and engagement from the people outside inwards. After a year or so the price will crash cause of issues, scandals, or just the hype dying down eventually. This is usually the time where people post shit like "bitcoin is dead" or whatever the fuck. And the cycle continues for another 4 years.
This has been the case since 2012. And this has been graphed by a lot of data scientists in this industry. At this point I'm just gonna put a foot on the door and watch as the whole thing pans out. I'm not gonna be affected by any hype or whatever.