Quote from: Abiky on October 25, 2022, 01:32:43 AM

Quote from: Ultegra134 on October 20, 2022, 09:53:50 PM

This is also something to take into account, and I've been expressing myself too. If the economy is in the current or worse state of recession, don't expect the halving to rapidly change the market. We are, however, supposing or at least hoping that things will have improved by then. In my opinion, the economy will be in a better state than the current one, but still won't be at pre-Covid-19 levels, which means that Bitcoin might not have skyrocketed by then, but one thing is almost certain, that Bitcoin will be worth a lot more than it is now.

Will it surpass the previous all-time-high? From my point of view, if it hasn't, it will be quite close to it.

Whatever happens, you can rest assured Bitcoin won't be going anywhere soon. I think 2024 will make Bitcoin bigger and stronger than ever, as more miners join the Blockchain for profit. After all, there will be less Bitcoins generated per block. Price-wise, Bitcoin should be able to reach a new ATH shortly thereafter if the global economy fully recovers. Even if the economy worsens, Bitcoin will be much more valuable than what it is right now (although it won't reach a new ATH in price) because of the rules of supply and demand. Kudos to Satoshi for making the best money the world has ever seen. Who knows if someday Bitcoin beats Gold as a long-term store of value? Just my thoughts Grin

I don't think the economy will be in a much worse state than it is right now. We're quite close to hitting rock bottom. How much worse can it get in just a few years? Even if it's in the exact same situation, Bitcoin after the halving will certainly be worth more than it's worth right now for the reasons you previously explained.

Therefore, I don't find any particular reason to sell my Bitcoin before the halving occurs, unless I'm in dire need of money. I'm patient enough to hold for as long as possible.