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Author Topic: Share your previous experience that you got after bitcoin halving.  (Read 195 times)
naira
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April 22, 2024, 06:15:51 AM
 #21

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Yes you are right that price goes up sometime after halving but we don't know any exact time for how long the bull run will last. But it can be estimated to last 6-7 months.  I know of a previous situation that was my first halving into this crypto. I can see a little difference in the halving this time.
ATH before the halving is a scheme that fades our predictions, plus the adoption that comes every period also experiences positive things. In the previous rounds, of course, we could tell at a glance that after the half there would be an ATH before our eyes, which is clear and it will happen. but if instead the ATH precedes the Halving, is it ideal to reverse the scheme?
I believe the impact of the halving this year will be different, and it still makes sense with the price being firmly in the support area after the halving, I am very optimistic that the increase will occur more quickly. Institutions have taken a bigger role, so we too need to take part and maintain ownership. Supply at the mine is limited and continues to run low, it is the strong miners who survive and it is certain that the changing halving scheme will also create a different path than before.

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Dave1
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April 22, 2024, 06:36:52 AM
 #22

In my experience after the price halves to scare investors (will be a bear trap) then after 2/3 months the market starts going up (halving bull run), which lasts 9 months or 10 months.

How can it be a bear trap if we know that what follows is a big bull run? So probably the same will happen again, and as experience tells us, if the price goes down then you shouldn't panic and push the sell button, on the other hand, you can continue to accumulate.

Just like what had happen last halving, at least months after, or leading up to the end of the year 2020, last 3 months was huge, November and December at 40%-46% increased.

R


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April 22, 2024, 08:13:50 AM
 #23

I have more or less witnessed all four halvings so far. The first was probably the most exciting, maybe because it was the first. The world kept spinning and Bitcoin was fine.

The second halving I couldn't care less, but that was also during a time when I didn't pay much attention to what was going on with Bitcoin in general, don't ask why, personal reasons. The remarkable bullrun around winter of 2017 with unseen ATH region was an interesting wakeup call. Oh, and I had to recover my legacy non-HD wallet.dat from a failing harddrive which was a painful experience. No backups, no mercy, remember that. The good I take from this: I learned much more about a lot of technical aspects of Bitcoin, computer and data safety and backups than ever before. Sometimes you need a loud wakeup call.

The third halving was kind of in doomsday mode. Bitcoin price dropped pretty low likely due to uncertainty on all levels because of Covid-19 pandemic and crisis here and crisis there in spring 2020. Such a f***ed up time. I remember a lot of chitchat if miners can survive this and so on and so forth. Well, the world kept spinning and Bitcoin was still fine. The following bullrun and new ATH levels certainly exceeded expectations in times of global uncertainty, mine definitely.

This April's halving fell in a time when Bitcoin price is at a remarkably high level, ATH not long ago. I don't see miners much in danger. When they could mine and grow difficulty in previous epoch at price levels around or below $10k (until autumn 2020) or more recently around $20k (midth of 2022 until spring 2023), they should be fine around current levels of $65k with current block subsidy. Yes, I don't ignore that difficulty is still more or less rising and that miners have to cope with that. I'm aware that difficulty development has to be accounted when comparing different times for miners.

Thanks to crazyness with blockchain spammers with Ordinals and now Runes, miners had a pretty good fee feast at and after block 840,000 so far. The plebs, me included, don't really enjoy current fee levels so much. I expect it to fade out, as I don't see the blockchain spam as something sustainable. The creators and perpetrators of this spam bullshit will unfortunately try to keep their scam spinning with whatever wheel they'll reinvent. The aftermath will likely drag Bitcoin into dirt and hinder further adoption.

I don't want to speculate about the future, nobody has a reliably working crystal ball. I'm currently a bit pessimistic due to ongoing wars, but hope that those war "fires" don't spread and cause the worst. The world keeps spinning and Bitcoin should be fine, too, although the ongoing blockchain spam abuse makes me more concerned than ever.

Keep calm and your wallets safe!

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Crypt0Gore
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April 22, 2024, 08:25:26 AM
 #24

In my experience after the price halves to scare investors (will be a bear trap) then after 2/3 months the market starts going up (halving bull run), which lasts 9 months or 10 months.



Similar to a fool's gold.

I always thought that the Bitcoin halving will make the value of Bitcoin to jump instantly right after its completed, I remember staring at the count down some years ago only to be disappointed.

This affected my mentality about Bitcoin, as I was still lost and lacked knowledge about about how Bitcoin really works.

This made me to sold my coins at the time only to see a bull market starting after few months, a painful experience that I can never forget, I sold coins for $3000 that later turned to $90,000, I sold some early around $1,500 - $2000 and later they made a new highs around the minimal of $20,000 and higher.

The most painful one was a coin I held and later sold for $600 and it killed 3 zeros later, turning the amount I sold into $100k, I have lost so many opportunities just because I have no patience and I also lack the knowledge.

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