- 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?
- Disappointed and directly trade all holding Bitcoins.
- Keep holding until the next rising.
- No idea. I will think and replan later.
- Others (Write down on your reply).
*Sorry if this topic was already discussed before. I've used the
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In 2013 there was 100x rise in price, in 2017 - more than 30x (declined by 3x) and in 2021, logically it must be more than 10x rise and I think it will be pretty logical to think that we will see bitcoin's price 100K USD. But on another hand let's calculate price rise from all time highs, from 1,100 it went up to 20K so had 19x rise and from 20k, how much rise can we see? 5x or 10x?
Well, personally I think another 100K high price will be logical and I have high hopes that it will happen, don't think that there won't be significant move, if that happens, then I will sell all of my bitcoins and try to keep alive instead of being dead.