Quote from: Hyphen(-) on June 23, 2023, 06:21:00 AM

Quote from: Sarah Azhari on June 23, 2023, 05:00:44 AM

So, I just want to say; Don't forget, The drama could happen again and repeat until the halving time. you must be strong and patient. you will definitely win if you face it with a quiet and strong hand if happen again in the near future.

As a Bitcoiner, I have never personally experienced Bitcoin halving; instead, I only hear that the Bitcoin price do go above its all-time high. Since I've learned a lot from this forum and am actively looking for ways to acquire more Bitcoin before the price starts to rise, nothing can make me consider selling my current Bitcoin holdings.

It is also my first halving season and I hope it favors me. I am also pleased to be in the forum at this time. I don't blame people that dump their coins because of FUD because they don't have enough information. Some of them also have bad experiences with shitcoins, so they are always terrified. But this forum has been informative and motivational, I am just fortunate to be here.

Quote from: kryptqnick on June 24, 2023, 12:32:56 PM

While halving does seem to get a lot of attention each time, I think the attention is usually positive. Namely, a lot of people believe that halving is correlates strongly with the bull market. The reasoning here is that mining becomes more difficult, so fewer new bitcoins are mined, and so scarcity of Bitcoin becomes prominent, leading to the increase of price. Alternatively, there's reasoning that mining must stay profitable, and as fewer coins are being mined, the price is bound to go up. Both are faulty, of course, but it doesn't mean they aren't influential.

The halving season gives the principle of demand and supply the opportunity to function. With the mining of fewer coins and the usually positive views that people have for the season, demand will go high which will lead to a high in price. Some people will never buy bitcoin until the price starts going up. They are short-term investors that want to make fast profits.