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JimboToronto
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March 10, 2024, 11:20:18 PM
 #21

Welcome noob. Here's a piece of advice:

Please don't refer to Bitcoin as "crypto".

That's like calling someone an animal. Of course people are technically animals but most people use the word "animal" to refer to sub-human species.

Bitcoiners use "crypto" to refer to sub-Bitcoin cryptocurrencies.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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March 10, 2024, 11:59:48 PM
 #22

^^  Cheesy

Who are these experts of which you speak ... everyone is just guessing ...  Grin

Everything is a guess if you want to take it to the extremes but estimating based on experience and historical patterns is far more justifiable.     It should be observable that gains are far more likely to occur after halvening then before.  

If you consider the actual change itself, a constriction of supply though its increasingly slight now vs the first early halvening.   The changes are after the event, each new block gives a lower block reward so only after a year of that change can we say it adds up to something bigger then a tiny amount difference in BTC expected circulation.

Simple advice applicable to almost any market based price is buy the rumor sell the news.   If you simply transferred that advice here you would sell the halvening.   People who've been around will tell you not to now because most gains will accumulate after in that change.    The news of halvening is not news, its been known a while and speculators already included it in the price ahead of the event so this is the rumor type movement.

In BTC what actually matters more is the effect of the news, experience shows its best to wait not jump the gun as if the change, its positive effects are all immediate; that is dead wrong.  Its quite fair and reasoned to say a hold now is best.

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March 11, 2024, 02:57:38 AM
 #23

hello is this the right time to sell these btc or wait for the halving

Market players are still very enthusiastic at this time and they also know that it is also a mechanism to reduce Bitcoin's inflation rate. For today, it's best not to sell, first the race has just begun and if you enter the market just to return the capital you put in previously, what do you do?

We need an estimate of the value of our assets son, it's not balanced and most of us lose money in trading. Yes. The Bitcoin Halving is only 37 days away and there are lots of rumors appearing both in the media and other information saying that the price of Bitcoin is predicted to fluctuate, in my opinion just let it pass and just hold on for now, focus and pay attention to the graph, if it is pumped high, it's not like Usually you just sell it and usually it's close to the schedule.

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March 11, 2024, 08:54:50 AM
 #24

^^  Cheesy

Who are these experts of which you speak ... everyone is just guessing ...  Grin

Everything is a guess if you want to take it to the extremes but estimating based on experience and historical patterns is far more justifiable.     It should be observable that gains are far more likely to occur after halvening then before.  


Of course but people massively over-estimate the value of apparent patterns and the likelihood of them being repeated.  Take the current situation as a perfect example ... in all previous halvings, the price has tended to go down approaching the halving and only to rise significantly quite some time afterwards.  However, this time we have had a very significant rise (including a new ATH) beforehand.  I didn't see anyone predicting a new ATH in early 2024 six months ago.

We've only had three halvings and three data points is just not enough to give future predictions much certainty.
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