Why has bitcoin prices not increased just after halving ? - page 6.

uchegod-21

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BTC, a coin of today and tomorrow.

Quote from: Despairo on April 20, 2024, 09:51:21 AM

I believe you're suggest your friends like this "Ey bro, halving event will happen on April 20, let's invest in Bitcoin right now (before April 20), I'm sure the price will increase after halving!"

Who are not mad when they see the Bitcoin price didn't move after halving? you're the one who give promise Bitcoin price will increase after halving.

The high fees didn't affect to the Bitcoin price because there are not big demands (24 hours volume down for 42%) and to trade Bitcoin, you're not necessary need to pay fees because transaction in centralized exchange is off-chain (most people hold their coins on CEX).

Since I began to hear the narrative of halving and it's after effects, I have never heard that immediately after halving the price will increase. Where do people get their information from. I have heard so many times that after having will be dip and that dip will be an introduction to the main bull run. I have read that the heart of bull run might even be in 2025. So, I am surprised to hear that immediately it is halving, the price will start jumping.

It is time everyone in this industry will be very attentive and eventually begin to do their own research. You cannot just exist by making your decisions based on some random non factual opinions and in the end blame someone for your failure.
@Despairo, despite that I quoted you, the second paragraph of my post was for OP.

Despairo

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I believe you're suggest your friends like this "Ey bro, halving event will happen on April 20, let's invest in Bitcoin right now (before April 20), I'm sure the price will increase after halving!"

Who are not mad when they see the Bitcoin price didn't move after halving? you're the one who give promise Bitcoin price will increase after halving.

The high fees didn't affect to the Bitcoin price because there are not big demands (24 hours volume down for 42%) and to trade Bitcoin, you're not necessary need to pay fees because transaction in centralized exchange is off-chain (most people hold their coins on CEX).

Charles-Tim

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Leading Crypto Sports Betting & Casino Platform

Quote from: arhipova on April 20, 2024, 09:25:31 AM

I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Did you not tell them about the (short term) risks also? Someone that is not patient can not hold bitcoin. Know that it can take months before the price will start to increase to the extent that we can call it bull run.

Tungbulu

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Quote from: arhipova on April 20, 2024, 09:25:31 AM

Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

This why it's very essential to get your facts right before convincing people to buy bitcoin syou don't pass wrong information to them and when things go bazaar, they start blaming you.
The bitcoin halving event has the the potential to influence Bitcoin price to move on a positive trend overtime. This process takes time and not immediately. Bitcoin's 4th halving event has just been concluded and it will take a couple weeks, even months before the it'll start effecting on the price of bitcoin. That's how it has been in the previous halvings.

If you had done your research, you would've known that the process takes a while and not immediately after the halving.
Tell your friends that they've not made the wrong choice for agreeing to buy bitcoin and no matter what happens, they shouldn't sell, they should continue to HODL for a couple weeks or months and they'll definitely see the result.

If they sell now, they'll definitely be selling at a lower price and when the effect of the halving starts to manifest, they'll have nothing but regrets for selling earlier and they'll still blame you your misinformation. So please try to get the facts right next time before canvassing.

Ambatman

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The fee increase was mainly as a result of rune protocol launched
It's quite normal,Bitcoin price doesn't necessary pump on the day of halving
It's a gradual movement before it kicks off.
This is why I don't like introducing individuals to Bitcoin or others
If it doesn't go as they believed you to blame.
If you had told them the holding would be for a year plus they won't be this impatient.
Can't really blame them, they barely know how bitcoin works so is not surprising they panicking.

arhipova

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Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.

Topic: Why has bitcoin prices not increased just after halving ? - page 6. (Read 885 times)