Moreno233
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April 26, 2024, 09:23:19 PM |
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The halving is like a designed mechanism integrated into Bitcoin by the found, the essence of which is to create scarcity and as time progresses. Unlike fiat that more notes are printed, this being the main cause of inflation even though the governments will never admit this, Bitcoin has anti-inflation attributes as it keeps getting better and more valuable with the passage of time. Indeed the halving and the limited supply of Bitcoin represent a lasting solution to inflation and like I said before, Bitcoin will keep getting better.
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wiss19
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April 27, 2024, 05:40:22 AM |
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I think the halving's effect is still lying dormant, a lot of selling pressure against the buying pressure and the price remained under the current All-time-high?
To be honest, I dont see the halving times as good times to trade, or find an opportunity to trade because it is unpredictable but once the dust settles the bull or bear runs will initiate and then it becomes more fun.
Just let bitcoin grow as it is growing, unless we see more involvement from governments, growth will take time, a halving every four years has minimal impact.
I feel like there's a very big confusing situation going on with Bitcoin at the moment where traders don't understand if the market is going to go higher or if the chances of a bearish crash are high right now, so many people just stay silent. The hold is sitting neither they are buying nor are selling including me. I've seen a lot of people talking about halving as if halving is magic and right after Bitcoin halving Bitcoin will go up a lot and people will start profiting right away. And I agree with you that Halving time or the time when the market is very high is not a suitable time for trading as you have high chances of waiting for a long time for profit. As we all saw Bitcoin crossed its all-time high before the halving, and at this time Bitcoin is running enough proof so it won't be so easy to say that Bitcoin will go up and not down. So, I suggest traders with low investment should either adopt the DCA method or wait for a good time to trade.
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Hypnosis00
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April 27, 2024, 06:47:52 AM |
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Good side- it catches the attention of the community and makes the price skyrocket, and everyone seems happy with it.
Bad side - FOMO is quite visible and new investors sell their Bitcoin which makes the price drop. And it is quite disappointing after seeing the fees skyrocket as well together with the price.
I can't blame the people for thinking that the market is changing now. But yes, can do nothing but deal with the situation and be more prepared for the upcoming. However, I remain confident that this even gives us more positive results than negative ones and the new ATH.
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Bravut
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April 27, 2024, 05:27:32 PM |
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I think the halving's effect is still lying dormant, a lot of selling pressure against the buying pressure and the price remained under the current All-time-high?
To be honest, I dont see the halving times as good times to trade, or find an opportunity to trade because it is unpredictable but once the dust settles the bull or bear runs will initiate and then it becomes more fun.
Just let bitcoin grow as it is growing, unless we see more involvement from governments, growth will take time, a halving every four years has minimal impact.
I feel like there's a very big confusing situation going on with Bitcoin at the moment where traders don't understand if the market is going to go higher or if the chances of a bearish crash are high right now, so many people just stay silent. The hold is sitting neither they are buying nor are selling including me. I've seen a lot of people talking about halving as if halving is magic and right after Bitcoin halving Bitcoin will go up a lot and people will start profiting right away. And I agree with you that Halving time or the time when the market is very high is not a suitable time for trading as you have high chances of waiting for a long time for profit. As we all saw Bitcoin crossed its all-time high before the halving, and at this time Bitcoin is running enough proof so it won't be so easy to say that Bitcoin will go up and not down. So, I suggest traders with low investment should either adopt the DCA method or wait for a good time to trade. Traders that understand market movement isn't shaken by the price movement as far there confluence align. And I would say there is a clear difference between Traders and Investors, Traders are present either for a day, week or month just to make profit off the market whereas Investors hold for long-term careless about price movement, stick to there plan and keep buying, accumulating anytime. The only best approach is applying DCA, this shades you from panic, fomo since your asset will keep soaring high. Bitcoin is an asset not just a tradable coin. The essence is to build a strong portfolio, and accumulate more bitcoin for the future in a long run. That's the goal, having enough stash of Bitcoin, it's a digital gold just like we will all want physical gold and value it much because we know it value so is Bitcoin.
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crwth
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https://linktr.ee/crwthopia
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April 27, 2024, 05:36:32 PM |
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Well, I think the most important thing that we have accomplished recently is that the BTC ETF was approved, and having BTC as an asset class is a game changer, knowing that other people would be able to buy their BTC without really having to get to the hard stuff of learning and made it easier for those "older money" to go into it.
Since there would be other people that go and buy it, there should be more supply. I hope that people will get to have their own.
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TheUltraElite
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Ready for diwali/halloween?
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May 21, 2024, 04:13:58 PM |
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So you are the second dude I have heard saying that halving has not big impact on the price of BTC while the adoption have and I do agree with the fact that adoption has bigger impact but I am still confused on the line where you say Halving has minimal impact. As IMHO, halving cause an increment in the ratio of demand and supply, and considering the current situation adoption is increasing day by day due to ETFs.
And as the block reward has been reduced by half lesser BTC will come into the market which will decrease the supply as along the block reward more people are now preferring to hold BTC, and during this holding phase many new people join this holding group and end up losing the wallet's key which do the work of burning here. The point is IMO Halving has good impact as it drives people's emotions towards BTC and thus adoptions changes accordingly. What you think?
Thread has been inactive for a month now and I think this is a right time to reignite the discussion. As per my previous post, to clarify, a bigger movement in bitcoin's price occurs when governments make positive changes, acceptance rises and people approach it in a positive manner. Halving is not directly related to these things. However historically previous halvings have seen massive upstrokes and downstrokes, which was anticipated this year too but did not actually happen. But looking further, the bull market has come back and the coming months have been indeed topsy turvy with regard to the price. But these are not directly due to halving but major other happenings in the market.
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EarnOnVictor
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May 21, 2024, 05:32:13 PM |
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The truth is that the main motive of Satoshi Nakamoto to have planned halving is not even about the bull run caused by its post-market effect every 4-year cycle but for the scarcity of Bitcoin itself so that it can force lower supply and more demand. But today, that halving has now turned into a tradition where investors now regularly targeting to pump money into Bitcoin, which is causing the ever-celebrated bull run of the market. I believe that this will continue to happen until further notice and people will continue to gain preplanned earnings in Bitcoin because this period is always easy to know and of course often causes FOMO where people can earn from the market easily.
However, the heavy price of Bitcoin will always be a discouragement even if people do not like thinking towards that angle much. Bitcoin is no more as though it was at $500. For this, the having will continue to cause some post-market effect that will cause soaring of the market price but it will not be significant like before anymore. This is where the expectation of people will be disappointed as multiple earnings like before could drastically reduce.
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Faisal2202
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May 21, 2024, 05:38:15 PM |
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But looking further, the bull market has come back and the coming months have been indeed topsy turvy with regard to the price. But these are not directly due to halving but major other happenings in the market.
That's right when governments make positive changes, traditional people with lesser trust in BTC also try there luck or time with it. They start to invest too. But do you think Halving is the major reason of why US authorities accepted the ETFs? I think it is. Because halving have bigger impact on the price of BTC and if they would accept the ETFs things will become more smooth means the demand will be increased and supply will be shorted. Thus we might see a big boom in the price. Now the question is, why authorities accepted ETFs now? Beacuse those 11 ETFs companies filed for it, they fight for it, they struggle to make it happen, they spent money on it, if they would not have, then I don't think ETFs were to be accepted this time also. Now other question is why those companies waited for 2024 or 2023, why not in 2022, because they know, the right time. So directly or indirectly, halving have a big role here, as market's sentiments revolve around it,
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0t3p0t
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May 21, 2024, 05:40:23 PM |
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Actually the bull run that would happen after halving event is just a pure speculation.
If halving event is the reason of bull run, why it's need to wait for next few months or year to increase? there's nothing difference between during halving event and a year after halving event because the reward already halved.
Yeah given the fact that new ATH has happened before halving event which is I thinkdoes not repeat on it's previous four year cycle history. It could be that this all depends on news as we can see ETF has made it clear that it is the reason why crypto prices rally especially Bitcoin. So yeah no doubt the next bull run is just a speculation and still depends on good news and bad news.
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MainIbem
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May 21, 2024, 06:51:16 PM |
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Yeah given the fact that new ATH has happened before halving event which is I thinkdoes not repeat on it's previous four year cycle history. It could be that this all depends on news as we can see ETF has made it clear that it is the reason why crypto prices rally especially Bitcoin. So yeah no doubt the next bull run is just a speculation and still depends on good news and bad news.
I think we all saw the impact it had all over the media, before the halving the news of the halving was spreading all over the media and brought the attention of more businesses, industries and more rich merchants. Because of the halving many people were so anxious to know about Bitcoin and even though it didn't get to the expected ATH of most newbies who had the mindset of it going x2 of it's current price but atleast the halving have made many people to get the idea of what Bitcoin is all about and I believe most of them might have made research to learn more and study about Bitcoin. Well the halving might not have gone as expected and some might be a little discouraged but those who's made research of the previous halving would understand that BTC would still encounter a long bull which normally occurs in some period after the halving, all they just need is patience.
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Nanga Parbat
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May 21, 2024, 07:43:36 PM |
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But isn't it obvious that after the halving, we reaches new all time high? So that is the impact that we all have been seeing and experiencing ever since. Bitcoin investors accumulate and hold and then sell on the right time, great ROI for everyone. Bitcoin miners continue to support the network, we paid them, then they make money, simply as that. And those average joe like the rest of us have learn and mature, followed DCA or do traders, so same result with whales, we also make money and we enjoyed our financial freedom because of Bitcoin and it's design to halved every 4 years and pushed the price as supply is dwindling, but the demand is at a record level. So what else do we need to discussed?
Your point is correct. Bitcoin crosses its all time high every Halving. Those who hold Bitcoin and sell after the halving when Bitcoin is at its peak will make the most profit. In contrast those who sell Bitcoin early in the short-term profit cycle will occasionally experience losses or make low profits. A long term holding strategy has the potential to yield high returns for Bitcoin as its value always sees a substantial increase after a halving. Even knowing all this we still take our trade and investment in loss but it happens only because we don't think long time . To think long term we have to strengthen our strategy and plan . But we ignore this thing.
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