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Author Topic: how many halvings have you witnessed?  (Read 504 times)
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October 12, 2023, 11:26:17 PM
 #1

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.
I also want to know if the majority of people always know that there is a bull run after every halving as in the case of this period. I am of the opinion that the reason the halving bull run is always effective is because of the ignorance of many who will join the bitcoin market at the very wrong time. 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?

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October 12, 2023, 11:38:13 PM
 #2

There has been three bitcoin halving. After each halving, bullrun followed it. With how the price of bitcoin has been increasing, it is evident that only reducing mining reward can not do it, increasing demand is another reason. The mining reward is reducing, but the reward is still adding to the circulating supply and the effect is reduction in price, but in a way that it is not significant. The demand will increase the marketcap and increase in the marketcap means increase in the price of bitcoin.

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October 12, 2023, 11:42:36 PM
 #3

I missed 2012 halving, learned Bitcoin later around early 2013. You can see what happened after the halving from the charts. You don't need to be directly involved in it at that time. Many articles have been written about this, you can read them. What you need to remember is that we cannot say that Bitcoin will definitely rise after the halving. It will most likely rise, but it would be a mistake to be so certain. Better be prepared for that time.

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October 12, 2023, 11:55:33 PM
 #4

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 don't need to ask anyone, the full price history is available on many websites. You can clearly see a pattern that the price starts growing after the halvening, and typically 1 year after the halvening there's a strong bull market.

I also want to know if the majority of people always know that there is a bull run after every halving as in the case of this period. I am of the opinion that the reason the halving bull run is always effective is because of the ignorance of many who will join the bitcoin market at the very wrong time. 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?

There were similar predictions in the previous bull runs that they won't repeat because people will be expecting them. And yet they repeated, but you can see that the relative growth is slowing down. There's no x100 returns like it was before.

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October 13, 2023, 12:03:13 AM
 #5

I think I have experienced one (1) halving.

I remember people were excited on why the halving happened as I was a newbie when that happened. In fact, I was not aware of its opportunities and potentials when people were taking advantage of this phenomenon. Now that I have a better understanding on the cryptocurrency world, the halving is now one of those events that I keenly look forward to.

To all newbies that are starting and reading this thread, I highly recommend saving or purchasing BTCs before the halving starts. Once it ends, then expect prices of cryptocurrencies to skyrocket; take it as an advantage to invest either short or long-term depending on your goal.

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October 13, 2023, 12:56:42 AM
Merited by vapourminer (1)
 #6

Once it ends, then expect prices of cryptocurrencies to skyrocket; take it as an advantage to invest either short or long-term depending on your goal.
Just to put a disclaimer here, while it is likely that the price will increase, there is no harm in preparing for the worst. For example, you should be prepared that a year after halving or so, the profit you expect doesn't come. Make sure you don't go all-in or take a loan or do something stupid like that just because people believe you'll get a 5x increase and so on. Basically, make sure you don't forget to do risk management regardless of how much money you want to invest.

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October 13, 2023, 01:06:42 AM
Last edit: October 13, 2023, 01:18:47 AM by wxa7115
 #7

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.
I also want to know if the majority of people always know that there is a bull run after every halving as in the case of this period. I am of the opinion that the reason the halving bull run is always effective is because of the ignorance of many who will join the bitcoin market at the very wrong time. 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?
So far I have witnessed two halvings, 2016 and 2020, and I am about to watch my third halving with the one coming on 2024, however I recommend that you do not concentrate that much on the halving, since even if a bull run were to not happen this time around it would not matter for a long term holder.

The point of long term holding is to always have in reserve a great deal of coins when bitcoin finally goes up in value, so you could use them to buy something you want or sell some of it for fiat, so never forget that for a long term holder the halvings are not really a goal, they are just the means to get what they want.

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October 13, 2023, 01:50:37 AM
 #8

~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.


According to a survey, less than 5% of the world's population invests in bitcoin, which means that not too many people know about the upcoming halving that will send bitcoin higher. Only those who have been participating in the market know about this important event, so we should not worry too much that everything is saturated or becomes too predictable. The number of bitcoin investors is nothing compared to other markets, we are still very small.

I believe that as long as the market increases suddenly, there will always be a large number of new investors rushing into the market for speculation purposes and most of them will Fomo buy at high prices while old investors will take profits.

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October 13, 2023, 02:01:41 AM
Merited by vapourminer (1)
 #9

Do not try to build a financial experience according to other people’s personal experiences about investing or stories you hear from here and there. You must have a clear investment plan because the method of calculating profit for each user here may be somewhat unique and differ depending on the country, taxes, investment amount and investment experience.
I have witnessed two bear markets and one bull market, and the best advice for you is to completely distance your emotions during such times.

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October 13, 2023, 02:07:56 AM
 #10

Keep your expectations in check, because past performance is not indicative of future results. If you're just betting on a bull market after the halving, what will you do if you ended up being wrong? Your investment/trade thesis immediately crumbles.

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October 13, 2023, 02:20:11 AM
 #11

We have an excellent probability of making money during the halving because miners will receive a smaller reward and are unlikely to sell the bitcoin they have earned thus far.
Instead, they will attempt to maintain the current price of bitcoin since they own the majority of it, balancing mining costs and supply.
Because the price of bitcoin increased every time after it was halved, people who view the chart and believe that "this time will be different" avoid investing during the prices are low, watch full bull market without investing.
We cannot know the future, maybe that time will be different... or same.
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October 13, 2023, 02:38:22 AM
Merited by vapourminer (2)
 #12

When talking about the future, no one can be sure what will happen, history may or may not repeat itself. Therefore, in investing, what we need to do is prepare for every possible situation. Optimism is essential for our investment portfolio but we should not be subjective and always have a backup plan. Although I have been lucky enough to experience 2 bull seasons, I cannot guarantee that things will repeat this time and what I am doing is preparing a plan for both bullish and non-bullish scenarios for bitcoin.

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October 13, 2023, 02:43:00 AM
 #13

All but the first one.



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October 13, 2023, 02:58:41 AM
 #14

IIRC, I have witnessed two halvings that were followed by a bull run. This is why you can't eliminate the hype surrounding halving events; people expect a bull run to follow. So, we are in another exciting time again. As the halving is approaching, we should consider accumulating more crypto as we never know when the market will take off. History suggests that it's likely to happen after the halving, so we should consider betting on that.

For those who like to know about when Halving is, check this countdown.

https://academy.binance.com/en/halving

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October 13, 2023, 03:00:52 AM
 #15

As far as I remember, the only time I really understood the effect of halving on the market was 2 halvings, because halving in 2012 only knew about it without understanding it had a huge impact on the market and became a reference for many traders to start being very active in trading because the market was very active so they could get profits from daily trading is huge.
The halving and after that entering the bullrun period which provided a lot of profits was 2016-2017, while the halving and subsequent bullruns did not have time to experience big profits but I am sure that those who have been paying attention to Bitcoin and the market for a long time will always look forward to the period after the halving, or what we usually do call the four-year cycle.

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October 13, 2023, 03:31:37 AM
 #16

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.

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October 13, 2023, 04:10:13 AM
 #17

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.
I also want to know if the majority of people always know that there is a bull run after every halving as in the case of this period. I am of the opinion that the reason the halving bull run is always effective is because of the ignorance of many who will join the bitcoin market at the very wrong time. 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?

Historically, bitcoin has gone through three halvings and has always had a bull market afterward. That is the basis for us to believe that things will repeat and we will have another bull season, but we also need to be careful because there is no guarantee that things will repeat.

There have been many theories about this, when everything is becoming so clear and easy to predict, will it continue to happen? I've also thought about this but it's the future and we can't say anything. I will continue to believe in history until new history is created.

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October 13, 2023, 04:19:41 AM
 #18

Well, I became interested in bitcoin around May 2017, so about a year after the halving but in the run-up to the bull run that took the price from $1,000-odd to $20,000 at the end of the year. I experienced the 2020 bull run, although I was not active on the forum at the time, but the same thing happened in both, a bull run with an all time high between 6 months and a year and a bit later, although the last ath was disappointing, as we all expected more.

Historically, bitcoin has gone through three halvings and has always had a bull market afterward. That is the basis for us to believe that things will repeat and we will have another bull season, but we also need to be careful because there is no guarantee that things will repeat.

I agree.

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October 13, 2023, 04:36:41 AM
Merited by vapourminer (2)
 #19

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.
The question is for future halvings, not for past halvings because you can check the chart and see Bitcoin always has its bull run with past three halvings.

Lazy to check chart, this guy makes it for you.

Satoshi Nakamoto designs 32 halvings for Bitcoin and we are less than 200 days to a fourth halving.
How is the 21 million Bitcoin cap is defined and enforced?

R


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October 13, 2023, 04:39:56 AM
Merited by vapourminer (1)
 #20

I witnessed all of them except the first one. In many cities there was some halving parties and I usually waited and watched when the block was found. I would then check and see the block reward if it actually decreased.

You gotta becareful with miners however. Many sell their mining equipment right before the halving and it tricks some new people because all of a sudden their profitability decreased by half over night pretty much.

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