We All Know, The halving time will be full of drama

[nur rochid]

I believe that the majority of us don't expect Bitcoin to become a future currency, nor are we planning to use it in our daily lives. Let's be honest here: it doesn't make too much sense to be used in that way; it's volatile and extremely valuable. Why would someone pay with Bitcoin and not a fiat currency that constantly depreciates in value? Nowadays, Bitcoin is considered an asset, similar to gold. Would you pay with gold in your daily life? Probably not. Thus, I don't see any practical reason to use it in our daily lives, unless it's for speculative purposes.

You are describing the Gresham law, when there are two different currencies in circulation the most valuable will eventually be hoarded while the less valuable will be widely used, however this only takes into account a scenario in which both fiat and bitcoin are in place at the same time, if inflation keeps growing, a point could be reached in which fiat could not buy much anymore, and that is when people will look for alternatives and gold and bitcoin could become widely used as currencies at the time.

It is not easy indeed to replace fiat currency as a means of payment. however, this can be pushed aside when fiat currency is no longer relevant to be used as a means of payment. therefore from that time needed a new alternative means of payment. it's the same as when fiat replaced the barter system as a means of exchanging goods, because the barter system was no longer relevant, money was created to value an item, and now bitcoin has emerged, and we'll just have to wait for its future developments

[1714327933]

1714327933

[livingfree]

You have a point and I believe that the exact drama created by the US SEC to cause some panic in the market may be just for the BlackRock and the Fidelity investment company to accumulate Bitcoin before they both publicly announce filing for the Bitcoin ETF.

It's for everybody and anything related to Bitcoin.

We can be sure that they're aware that the halving is about to happen next year and they're causing FUD for people to avoid buying while it's seen at a low price.

While them and the institutions that could be behind this drama being done by the US SEC are the ones that's accumulating and buying those cheap bitcoins that's being sold by the panicking folks.

[puloweh555]

From the first bitcoin at $0.000.... Until BTC at $69.000, there is always FUD news. And now with the SEC Issues with binance I really believe this is just another FUD too.
The more FUD the better.. And bitcoin will never Finish.... It's always going Higher, and much Higher. Sorry, I "Don't care for drama", and always DCA continues... Drama is always there for us to sell bitcoin out of panic, instead they buy because they know a halving is approaching. Therefore, be wise in making decisions on your investment. The saying I've always stuck to is That when there's bad news about bitcoin in the media, it means the price of bitcoin goes up.

[Ahli38]

From the first bitcoin at $0.000.... Until BTC at $69.000, there is always FUD news. And now with the SEC Issues with binance I really believe this is just another FUD too.
The more FUD the better.. And bitcoin will never Finish.... It's always going Higher, and much Higher. Sorry, I "Don't care for drama", and always DCA continues... Drama is always there for us to sell bitcoin out of panic, instead they buy because they know a halving is approaching. Therefore, be wise in making decisions on your investment. The saying I've always stuck to is That when there's bad news about bitcoin in the media, it means the price of bitcoin goes up.

The more fud that is published in the news, it can be an indicator that someone is deliberately spreading fear to make weak holders sell in panic and fear. so the big players will start accumulating while others are scared and selling. Things like this are actually quite easy to guess if we study every series of history about the ups and downs of bitcoin prices from year to year and before and after each halving.

And you are on the right track because it uses the DCA method and will keep you calm even though the market continues to fluctuate. If the price drops then it becomes an opportunity to increase the accumulation and when the market goes up we can smile because the value of our assets increases.
Bitcoin was also recently tested again with a brief correction as the SEC rejected the Bitcoin Spot ETF proposed by Blackrock. but the rejection was not the end. because it seems that the big company will reorganize and resubmit with clearer details and applications. So the price of bitcoin is getting stronger again.

[Ultegra134]

Indeed, now that the fees are high simply because the market value keeps on increasing. It would only be advantageous for huge transactions to avoid taxes but with regular or daily transactions, I doubt. Bitcoin is popular because of its volatile market value but with uptrend pattern in a long run. It is more being used as an asset than being a currency. Well, there's nothing wrong with it but people who are pushing to use it on a daily basis are more likely the ones who are not doing so. We are majority of investors here for sure. And it is still a valid action given that there are still issues on its usage and acceptance across countries. But let's see as this industry continues to grow.

That's true; the fees are also a parameter to take into account, something I had completely forgotten. Smaller transactions will be unaffordable to go through due to the excessive fees, especially during network congestion. Not only that, but it may be subject to delays. The only way I can see Bitcoin spending possible on a daily basis would be with a cryptocurrency card topped up with Bitcoin or even other currencies, such as Binance's or Crypto.com, both of which are fully centralized, and most of us, including myself, would avoid them by all means.

There are a lot of people who are trying to deceive themselves and always trying to show the community that they are looking at bitcoin as a currency, but they check bitcoin price everyday and always expect it to go up, I like your honesty. I'm not denying bitcoin was initially created to be a decentralized currency, but things didn't work out that way in the first place, and now it's more of an asset than a currency, and we need to admit that. Furthermore, how many people would use bitcoin if it were currency? Bitcoin's volatility is what makes it more attractive than any other feature as it can generate profits.

Why would I lie to myself and claim that I'd use Bitcoin as a currency? That was its initial purpose, but we have pivoted from the original plan. Personally, it's an asset, similar to stocks, gold, you name it, in that it's undercover and decentralized. It feels like having a mini-savings account without having to go through banks. I've used Bitcoin as a currency in the past, somewhere between 2014 and 2017, and now you could say that I regret doing it because I'd have a decent sum of money that would have put me out of a lot of hassles.

[Mpamaegbu]

but I don't know why many people forget and still spread FUD everywhere. If they understand that and know it always happens on every 4 years, they shall be calm and relaxed to face SEC, Binance, or anything drama.

I don't believe those who spread FUD around halving time forget anything. It's a strategy to cause panic and dump so they can get in at lower prices. It's whales doings and every close watcher shouldn't get distracted by that. I first experienced this scenario in 2017. After that I made up my mind not to be shaken by anything negative on Bitcoin anymore. I encourage everyone to be resolute hodling Bitcoin till next bull rally and expected ATH in 2025 before taking profit.

[nelson4lov]

Funny how everyone has been so focused on Binance and SEC saga forgetting that Coinbase was the first to be targeted by the SEC recent court filings. anyway, I'd let that be since it's out of context even though it's relevant in the macro view. As it has always been, I know there would be more "drama" that would follow after now to drop the price further. I suspect that the price will stay low even in weeks leading to, and immediately after - the halving event. I'm currently on the lookout to accumulate some bitcoin should the price go down moving forward.

[teosanru]

Yes, like the title above, we all know the halving time is will always full of drama, this always happens at that time, but I don't know why many people forget and still spread FUD everywhere. If they understand that and know it always happens on every 4 years, they shall be calm and relaxed to face SEC, Binance, or anything drama.

I hope this lesson gives you an important point. They create this to dump Bitcoin, they do this to scare you, they do this to buy Bitcoin at a cheap price, and After buying with a lot of money, you already know that today Bitcoin price is pumped like crazy, right?

So, I just want to say; Don't forget, The drama could happen again and repeat until the halving time. you must be strong and patient. you will definitely win if you face it with a quiet and strong hand if happen again in the near future.

Cheers

It's obviously going to happen, it'll start with FUD and then will give people FOMO. I have seen this two times now, it'll first start with BTC going so down that everyone just thinks this is the last ride and best price that you might sell before this blows off. Then you'll see a ride up that you'll remember always. Whenever you'll wake up you'll see bitcoin ramping up another $2k. Now let's see if we'll repeat the same story this time or not.

[Yamifoud]

but I don't know why many people forget and still spread FUD everywhere. If they understand that and know it always happens on every 4 years, they shall be calm and relaxed to face SEC, Binance, or anything drama.

I don't believe those who spread FUD around halving time forget anything. It's a strategy to cause panic and dump so they can get in at lower prices. It's whales doings and every close watcher shouldn't get distracted by that. I first experienced this scenario in 2017. After that I made up my mind not to be shaken by anything negative on Bitcoin anymore. I encourage everyone to be resolute hodling Bitcoin till next bull rally and expected ATH in 2025 before taking profit.

Perhaps, it was an effective strategy that these whales are using because it has to know that people are still believing what they hear from others especially if they are using influential people. It really creates panic and a huge market crash, then whales take advantage of the situation and succeed in their plan. Even though we know that thing already still a lot of people never thought about it and they think it was real. That is why whales never stop doing this because they know that it is still working and benefiting a lot.

[Wimex]

So, I just want to say; Don't forget, The drama could happen again and repeat until the halving time. you must be strong and patient. you will definitely win if you face it with a quiet and strong hand if happen again in the near future.

The best course of action at the moment is to exercise patience because, as a result of recent news reports about hacks at other exchanges and the SEC, many newcomers to the market are terrified and are selling off their Bitcoin out of panic and FUD. I don't blame them for doing this because they are aware of how long this bear market has lasted.

As a Bitcoiner, I have never personally experienced Bitcoin halving; instead, I only hear that the Bitcoin price do go above its all-time high. Since I've learned a lot from this forum and am actively looking for ways to acquire more Bitcoin before the price starts to rise, nothing can make me consider selling my current Bitcoin holdings.

This always happens the first time they see a supposed crisis people panic and decide to withdraw everything as soon as possible so as not to lose and when they realize,  everything calms down and returns to normal i would say that it is something that new people do and often as more users enter it will be the most common thing to see even people who have been using bitcoin for a long time enter this drop in insecurity, because that is "insecurity"......maybe out of panic, but you have to think with a cool head so as not to act in a counterproductive way because the storm always passes or well until now that is what i have been able to notice and more in these times, since the first halving took place, the impact it causes, before and after the event it has been evident the favorable of course is.

[Sarah Azhari]

but I don't know why many people forget and still spread FUD everywhere. If they understand that and know it always happens on every 4 years, they shall be calm and relaxed to face SEC, Binance, or anything drama.

I don't believe those who spread FUD around halving time forget anything. It's a strategy to cause panic and dump so they can get in at lower prices. It's whales doings and every close watcher shouldn't get distracted by that. I first experienced this scenario in 2017. After that I made up my mind not to be shaken by anything negative on Bitcoin anymore. I encourage everyone to be resolute hodling Bitcoin till next bull rally and expected ATH in 2025 before taking profit.

The big company that has a lot of capital will do this every time they want, they have the money and can do anything to get a lot of profit. And, the victim is us who have a weak hand. Like today, there is a piece of negative sentiment news about SEC which seems to refuse ETH Blackrock's proposal. Even BlackRock was followed by Whales company and Bank, but that news still bring the bitcoin price a little bit dumped yesterday, some people with weak hands might be panic and sell their bitcoin. If we understand that, it's just FUD because the whales still want to buy more bitcoin at low price.

[btc78]

Let the drama happen because that is part of the halving and yes there are lots to expect but believe in what you wanted to achieve .. Win from your investments mate.

[Oasisman]

I hope this lesson gives you an important point. They create this to dump Bitcoin, they do this to scare you, they do this to buy Bitcoin at a cheap price, and After buying with a lot of money, you already know that today Bitcoin price is pumped like crazy, right?

This has always been the reason why they are trying their best to find a hole with any crypto related big exchanges, to scare people and dump all their bitcoin out fear from being locked up inside an exchange. But, people nowadays are becoming more and more intelligent. See, it did not really had a huge impact in bitcoin's price anyway. And the SEC failed miserably in trying to freeze those assets in Binance. Nonetheless, people who have been here for a quite some time didn't even give an F, knowing what's coming next year LOL.
 

[Texac]

Let the drama happen because that is part of the halving and yes there are lots to expect but believe in what you wanted to achieve .. Win from your investments mate.

To be more precise, drama is already an indispensable part of the market, drama always appears at any time, not just when the halving is approaching.  many people fear when the market has too many Fuds, but for me, I like it even more.  because that would be the perfect time to get some cheap bitcoins, the more dramatic the market, the better our chances.

[Wrathofcoins]

The only drama i can see with halving coming it can be one with the miners or something related, otherwise i dont see other drama, i can see most greed or fun than drama.

But well time will tell.

[Blitzboy]

So, I just want to say; Don't forget, The drama could happen again and repeat until the halving time. you must be strong and patient. you will definitely win if you face it with a quiet and strong hand if happen again in the near future.

The best course of action at the moment is to exercise patience because, as a result of recent news reports about hacks at other exchanges and the SEC, many newcomers to the market are terrified and are selling off their Bitcoin out of panic and FUD. I don't blame them for doing this because they are aware of how long this bear market has lasted.

As a Bitcoiner, I have never personally experienced Bitcoin halving; instead, I only hear that the Bitcoin price do go above its all-time high. Since I've learned a lot from this forum and am actively looking for ways to acquire more Bitcoin before the price starts to rise, nothing can make me consider selling my current Bitcoin holdings.

This always happens the first time they see a supposed crisis people panic and decide to withdraw everything as soon as possible so as not to lose and when they realize,  everything calms down and returns to normal i would say that it is something that new people do and often as more users enter it will be the most common thing to see even people who have been using bitcoin for a long time enter this drop in insecurity, because that is "insecurity"......maybe out of panic, but you have to think with a cool head so as not to act in a counterproductive way because the storm always passes or well until now that is what i have been able to notice and more in these times, since the first halving took place, the impact it causes, before and after the event it has been evident the favorable of course is.

During moments of perceived crisis, people typically allow their emotions take control of their behavior. Especially in the Bitcoin market, where even the most seasoned investors may second-guess their selections due to the currency's volatility. But hasty decisions often end in failure.

The bright side is that Bitcoin has stood the test of time. Its strength has been repeatedly put to the test by each successive crises. Keep in mind the halving that happened. These periods of volatility have always resulted in Bitcoin's long-term market strength.

Rather of seeing these situations as dangerous, veterans and rookies alike can see them as exciting new possibilities. Bitcoin has shown an incredible resilience, bouncing back from each "storm" with relative ease. So, keep your spirits up, believe in Bitcoin, and don't make any hasty decisions. Bitcoin has been tried and tested, therefore our faith in it should not waver.

[Ahli38]

Let the drama happen because that is part of the halving and yes there are lots to expect but believe in what you wanted to achieve .. Win from your investments mate.

Study the repeating Drama and you will see the same trajectory that the Play continues to follow. And once we recognize the trajectory, our job is to take advantage of it. Make a drama into something that brings benefits to us. Let Fud work for those of us who are waiting for the price to drop. And when Fud has succeeded in making a market correction, our task is to take advantage of it by entering and starting to accumulate. After that let the positive news work for day and medium term traders. (because for long term investors fud news and good news are the same and mean nothing in the long run) And often at this point fud and good news become quite profitable toys for futures traders too. The benefit of fud for long-term investors is only to make the market side with those who are in the process of accumulation. and I do too. Fud sometimes works well for those doing DCA 

[Sanitough]

It's just FUD in general — not necessarily because the halving is around the corner. I'm pretty sure the government could care less about the halving. The FUD recently has mostly been before the spot ETF announcements — it's a pretty safe assumption that it's been coordinated.

Well FUDs are everywhere. And everything that is created just to put bitcoin at its disadvantage will remain as a FUD. So I don’t see real drama here unless people will also bite it. And probably majority of them are those newbies that are expected to panic everytime bitcoin halving is near approaching. And by 2024, surely the same scenario will be observed in the market.

[Viscore]

Yes, like the title above, we all know the halving time is will always full of drama, this always happens at that time, but I don't know why many people forget and still spread FUD everywhere. If they understand that and know it always happens on every 4 years, they shall be calm and relaxed to face SEC, Binance, or anything drama.

I hope this lesson gives you an important point. They create this to dump Bitcoin, they do this to scare you, they do this to buy Bitcoin at a cheap price, and After buying with a lot of money, you already know that today Bitcoin price is pumped like crazy, right?

So, I just want to say; Don't forget, The drama could happen again and repeat until the halving time. you must be strong and patient. you will definitely win if you face it with a quiet and strong hand if happen again in the near future.

Cheers

I'm not sure if we can call it drama, everyone is going to be excited to see another halving. Perhaps  there could be FUD, but we all know that no one can stop the eventual bull run after the halving so I guess everyone should know that game by now, don't be affected by the negativity, on the contrary just continue to accumulate even at the bull run.

Strong Hand=Diamond Hand.

Long term investment is the key before and after the halving.

Well, the market itself is full of drama in the first place especially that a lot of FUDs have been going in and out leaving the weak hands in chaos and panic. So I cannot say that this just happens when bitcoin halving is around the corner, because for me bitcoin halving would mean nothing for those who have not understood it. Only those who know and understand the market well will eventually show excitement for it.

[348Judah]

It's the normal thing to expect many happenings during this period of time, knowing that it will be the moment to grace the occassion of bull market on all cryptocurrencies starting with bitcoin, we are likely to also witness some cryptos going down at the cause because it will be a season of high volatility when the bearish move and bullish trends will be highly effective and some coins many hardly finds it easier to make it through than going down,  whole some will use this same period to outshines, there will be high tense with fear of missing out by many.