Bitcoin investors are eagerly looking forward to next year's halving in April, because it's a time to cash in on the event that happens once in every four years. Now is the best time to buy bitcoin, and hold, because you don't really need a chart to predict that next year will be a very profitable time to sell because of halving. A look at the history of halving, the first occurred in November 28, 2012. At the rate of 210, the second halving occurred in July 9, 2016. At the rate of 420, the third halving occurred in May 11, 2020. At the rate of 630. The fourth halving will occur in April 2024. At an estimated rate of 840.
https://coincodex.com/article/22929/bitcoin-halving-dates/ . with this facts and next years estimation, it is clear that bitcoin price will keep increasing, even when there's a dump in the price, it will still not affect it much. Meaning as the years goes by the probability that bitcoin will have a drastic reduction is almost impossible.
Despite how halving increases the price of bitcoin to make it more profitable to investors, I'm wondering if it will not lead to devaluing of the currency in every four years? Will the effect of these not be inflation of bitcoin in every four years? I'm quit new in bitcoin, and I might be wrong, but I think that as halving continues to occur, bitcoin value might start to diminish gradually. And will it not negatively affect the purchasing power of bitcoin, in making payments for goods and services? I stand to be corrected.