I am yet to witness any halving and the purported bull run that accompanies it. This is the reason for this topic. I want to ask people that have witnessed many halvings if there has been a halving that was not accompanied by a bull run.
You do not need to witness a halving to know if it was accompanied by a bullrun or not. It's easy to know the years we have had halvings, there's one coming up next year
2024, so we must have had one four years before in
2020 (cause 210,000 blocks comes averagely every 4 years), then we had another in
2016 and
2012.
We have had three halvings in total, 2012, 2016, and 2020, now check for the periods of bullruns through the charts;
• In 2013, after the first halving, Bitcoin hit an ATH of ~$1000 and did not go past that again until after 2016.
• In 2017, Bitcoin rose to another ATH of ~$20,000 and did not go past that again until after 2020,
• In 2021, Bitcoin hit a new ATH of $67,000 and has not gone past that since then.
This means that ever halving has been accompanied by a bullrun so far.
<snip> Now that many people are aware of the upcoming halving and may likely not enter the market the wrong time, whose ignorance will push the price up. Or is the reduction of miners reward able to do it alone?
Relatively, there is still a lot of people who are not aware of when the halving occurs or even why it is significant. There are also many people not aware of Bitcoin, so will
millions billions yet to enter the market.
Even without an increase in demand, a reduction in supply influx is enough to cause an increase in price, increasing supply against demand.