Post
Topic
Board Bitcoin Discussion
Re: We All Know, The halving time will be full of drama
by
hd49728
on 29/06/2023, 10:44:49 UTC
I didn't expect market makers to fight back SEC the way they did when Blackrock announced that they have requested for Bitcoin ETF, on a normal day, the news wasn't supposed to make gains to bitcoin by $2k from any where the news was made public but I was more surprise they pushed Bitcoin price to over $30k
It's FOMO effect from uncertain news which is considered as positive but people will mostly be pulled back to realistic. Not all likely good news will turn to be real achievement, such news mostly causes hype and won't be converted to new achievement for Bitcoin communities.

If we already understand every flow that is created in every pre-halving and post-halving, we will actually respond to every decrease and increase in everything in a normal manner. And this is where the importance of knowledge about market sentiment and market fundamentals so that we can remain calm in every market situation.
Post-halving months are times when the market is already warmed up by a previous pre-halving months and people will FOMO with many good news and good parabolic rise of Bitcoin.

However we can not have a post-halving game if we don't have pre-halving times which can be many months, 2 or 3 years and we call those times as bearish market. It is very stressful and boring time but it is necessary for the growth after halving. Fundamentals like developments, products, upgrades, adoption are all prepared in bear market.