- First halving, on November 2012 : Bitcoin increased from $11 to $1,100 in 2013 (one year later)
- Second halving, on July 2016 : Bitcoin increased from $600 to $20,000 in 2017 (one year later)
- Third halving, on May 2020 : Bitcoin increased from $6,000-$8,000 to $??? in 2021 (one year later)
We all know based on the historical data, Bitcoin should increase more than $20,000 in 2021. The first and second halving have proven significant moves on Bitcoin values. So, it makes sense if we believe that in 2021 will be another great year for Bitcoin.
However, who knows about it. No guarantee for the rising of Bitcoin value. Since Bitcoin is decentralized and no authority to have the responsibility, a bad scenario may happen to break off our expectations. So, how if there is no significant move on Bitcoin price in the upcoming halving? What is your plan as a Bitcoin holder?
I will have a different direction for myself. I am definitely not holding bitcoin, it is too risky to expect too much of the halving event. Think about it, if there are too many people who believe that Bitcoin will grow very strongly during this halving event, then everyone will buy and win, so who will lose? Maybe the crowd will make their own trap and sharks just need to wait for the ripe time to sell a lot of their bitcoins during this halving event. I have always been cautious in this market because I know this is a market full of manipulation and crime, so I will sell my bitcoin when it sees its price increase 10% after the halving event.