Post
Topic
Board Bitcoin Discussion
Re: Bitcoin halving and inflation
by
Abu-Naim
on 25/09/2023, 21:33:09 UTC
A lot of halving threads have been created. It's actually hype, which will create a FOMO. So everyone will assume a pump of Bitcoin. So credit will undoubtedly go to halving for this pump. There is no technical reason for the pump; halving makes sure supply is working fine and miners rewards will reduce. However, for a long time, Bitcoin hasn't been pumping, so most likely it's preparing for a pump that would happen near halving. I think it's the best time to accumulate from our ends. Bitcoin is almost stable now and not much volatile lately, and that's the symptoms of the pump.
Exactly, this halving news everywhere has already created FOMO amongst people that will not like to miss out, and this will lead some people to take loans for investment thinking there is an assurance of making that money back during halving, which is totally wrong because there has been advice given out here that "we should only invest the amount we can afford to lose" and any money we borrow is something we cannot afford losing; and just as you said, "there is no technical reason for bitcoin price pumping during halving." Therefore, the best thing to do now is to keep investing if you have capital and have a plan of holding your bitcoin for the long term.