So the Bitcoin halving is right around the corner in April 2024, and I'm starting to get that familiar buzz. You know, the one where you start seeing charts in your sleep and wondering if it's time to rethink those positions. As a trader, these events are always a bit of a rollercoaster, but also massively exciting.
Speaking of excitement, exchanges have also been spotted to have been making efforts too bring this to the awareness of crypto enthusiasts as wide as possible, I have I came across several of them hosting webinars, twitter spaces including some KOLs giving their opinions to the community on what to expect and how to get prepared. There is also a YouTube live event to be hosted all about the halving with a pool of 300 BGB tokens to be shared to participants, which is a nice bonus. While I believe this could be a great way to get some fresh perspectives ahead of the big event, I still believe there can be more efforts to make it go viral, like when the whole crypto community puts hands together to create all the necessary awareness, share their thoughts and plans ahead of the event to help one another in their positioning strategy.
You might want to have a look at an example of such live about the halving;
https://youtube.com/live/O_oO2Pnq8eEI'm curious – for those of us who've been around the block a few times, what are your most memorable halving experiences? Any wild rides or surprise outcomes that stick with you? Let's swap stories and maybe gain some insights into this round.
Historically, the value of bitcoin has increased shortly after its three previous halving events, this means that there are fewer new Bitcoins being created, which can lead to an increase in demand and price. There are a few reasons why Bitcoin pumps after halving. First, the halving reduces the supply of new Bitcoins. This makes Bitcoin more scarce, which can lead to an increase in demand. That could be the case in the upcoming Bitcoin halving.