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Author Topic: 77% into the next Bitcoin halving  (Read 303 times)
passwordnow
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May 31, 2023, 07:04:14 PM
 #41

But then, no one truly knows if the price would increase or not. With the current nature of the cryptocurrency market where competition is stiff between Bitcoin and other top cryptocurrency no one knows if the demand for Bitcoin would increase which in turns increases the price. No one knows if there would be some crazy regulations somewhere that would affect the price. No one knows if some crypto firm that is already over leveraged would declare bankruptcy within that time and then Bitcoin's price doesn't rise more than 5%. We are all acting in good faith that everything would run smoothly, we'd take profits and everyone is happy in the end.

This sounds so pessimistic but haven't you thought about it like this too? The what ifs and what if nots?
Many experienced crypto folks are 100% aware that there's something good and the increase will be there after the halving. That's why those that have understood it are going here and there telling that everyone should buy Bitcoin before the halving happens. It's because we're basing on history and these patterns have been visible in every cycle that happens. No, I haven't thought about that because I am one of those people who 100% believe that an increase will happen prior to halving.

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June 01, 2023, 12:46:45 AM
 #42

But have you ever thought of the opposite scenario? I still think that the movement of the market is still not wholly dependent on supply and demand, the market is still manipulated by some underground forces. So when people expect a bull run after the halving, the opposite is most likely to happen. Bitcoin usually won't move according to the will of the crowd. You don't have to spread the word about the halving because most know it and all look forward to it, so that's what I'm worried about.
Yes, you mean a famous phrase on Wall Street that says: “Buy The Fear, Sell The Greed” This is very possible, but given the three times in the history of halving, a new summit is expected.

I know this is not necessarily always repeated, but I like to be optimistic.
I am not saying we should be pessimistic, we need to be optimistic because if history repeats itself, bitcoin hits a new ATH, the one who benefits is us and no one else. I mean, we also need to have a plan for the worst case scenario because if we don't have any preparation and when it happens, we will panic. Things constantly repeat themselves in the past, but I feel it was too easy this time, and everyone already knew what was going to happen, so maybe things will change. Don't forget the saying: Bitcoin is unpredictable.

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