Yes this is an official account for CoinGecko
Nice, I saw your team and the founder in my country some time back. Didn't know you guys also have an account here too.
That's cool, its great to be here! Where was it if you dont mind me asking?
OP, thanks for including "always do your own research" on the bit about price appreciation!
I have seen a lot of people thinking that halving means a guaranteed price increase, when this is not necessarily the case. When everyone expects something to happen, that means it is almost always priced in beforehand, and when the event itself actually happens, there can even be a small price drop - the maxim 'buy the rumour, sell the news'.
Halving should mean a price increase, and arguably past halving events have led to increases, but the more it happens, the more people anticipate the same happening next time, and so buy up bitcoin ahead of the event, which drives up the price before the halving actually happens.
I have seen a lot of people thinking that halving means a guaranteed price increase, when this is not necessarily the case. When everyone expects something to happen, that means it is almost always priced in beforehand, and when the event itself actually happens, there can even be a small price drop - the maxim 'buy the rumour, sell the news'.
Halving should mean a price increase, and arguably past halving events have led to increases, but the more it happens, the more people anticipate the same happening next time, and so buy up bitcoin ahead of the event, which drives up the price before the halving actually happens.
OP, thanks for including "always do your own research" on the bit about price appreciation!
I have seen a lot of people thinking that halving means a guaranteed price increase, when this is not necessarily the case. When everyone expects something to happen, that means it is almost always priced in beforehand, and when the event itself actually happens, there can even be a small price drop - the maxim 'buy the rumour, sell the news'.
Halving should mean a price increase, and arguably past halving events have led to increases, but the more it happens, the more people anticipate the same happening next time, and so buy up bitcoin ahead of the event, which drives up the price before the halving actually happens.
I have seen a lot of people thinking that halving means a guaranteed price increase, when this is not necessarily the case. When everyone expects something to happen, that means it is almost always priced in beforehand, and when the event itself actually happens, there can even be a small price drop - the maxim 'buy the rumour, sell the news'.
Halving should mean a price increase, and arguably past halving events have led to increases, but the more it happens, the more people anticipate the same happening next time, and so buy up bitcoin ahead of the event, which drives up the price before the halving actually happens.
Yeah, everyone is expecting some BTC pump even in the time before the halving and then short dump after the halving. That's the best example of "buy the rumor, sell the news". I think that after the short dump that will happen after the halving we could see a slow but steady rise. But WTFDIK, do your own research
Yea totally, there are varying reasons for a price action.
Most people think that it has already been priced in, if there is volatility during halving it is most likely speculators coming in