When bitcoin halves usually there is a big drop or increase in value, i cannot remember what occurs? Does anybody?
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Bullish on Bitcoin
- Thread starter swiftque
- Start date
AlexDavis43
Member
I bought a lot of stupid bitcoin a long time ago and that was cool. I don't think it's a great investment but if you're using it for frequent transactions, why not store some extra.
The last cycles there has been a decrease in the value of bitcoin leading up to each halving. Then following the halving the value has increased.
This cycle has not followed the last. I think most believe the addition of bitcoin ETFs have brought the value up before the halving.
Keep in mind the increase in value has been less each halving in terms of percentage increase. So if the pattern were to hold, bitcoin will not see the same increases as it did in the past.
Also, I think more people are bought into bitcoin and crypto in general at this point in time. They are also aware of what the halving is and think they can time the market.
With that being said, the effects of the halving could already be priced into the current valuation with people already thinking it’s going to go up in value.
I don’t want to misinform someone or lead them astray. Nor do I want to blindly put my money into something.
However, when people say something has no value when Black Rock has an ETF mirroring bitcoin’s value of 60k plus that is doing serious numbers, I can’t take their counter arguments seriously. Then most of you browsing this website are using it to purchase products, but want to say it has no value. I just can’t follow this logic.
But I still welcome arguments against bitcoin. I have my own.
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I’m glad you were able to secure some coins early it sounds like. I don’t think I would allocate the same amount of funds I have to it today as I did in the past.
Stupid as it might be, if you’ve had it for a while, you’ve done well for what you put in.
