Quote from: SirLancelot on June 10, 2023, 08:18:34 AM

Quote from: Dollar_Hunter on June 07, 2023, 11:01:42 AM

Before the halving happened, we really couldn't talk much about the price of Bitcoin,
especially since the price of Bitcoin is currently very vulnerable to a dump due to SEC news.
I myself am also still observing whether another dump will happen or not, if not then buying in this area is very good.

I think that has nothing to do with this. The halving is nearly a year away from now, even if we take the soonest estimations, it is 10 months away from now, and the SEC issue is todays issue, it will be long gone in a few months for sure. Binance will be fine and everyone will forget that this ever happened by the time we reach to halving.

Because of this we should be seriously considering how it will get as good as we hope for and shouldn't really be worried about it. I know that it will not be a good situation and it will be considered a big deal, I just think that it would not be a big deal at all, that's the thing. I know that we are at a very fragile and vulnerable period today, but halving is far enough period that we can get ready for that even today because it will be a totally better time by then.

I agree, people are overreacting to this news and consider this to be something that will take a long time, but that doesn't mean that we are going to end up with anything that would be 10 month long, it is not a news that bad and it will be gone by that time. People will start to buy bitcoin like crazy when it gets closer to halving and the price will go up, and in return we are going to end up with a lot of situation where it is going to be a lot less worrisome.

I know that it is not going to be that simple to just go up, so it will be gradual, not like all in a single day, it will be like a great day then 3 bad days and another great day but 2 bad days so overall will go up eventually but it will be slow and gradual process until we get there.