Post
Topic
Board Bitcoin Discussion
Re: CZ's view on Halving
by
Minecache
on 16/10/2023, 02:55:41 UTC
CZ got his points, but that's not unique, it's based on the history of how market reacts to halving, and many people said the same. Tho with the current economic condition and people have more experience on the effect of halving and how Bitcoin market react to it, I doubt people will are still hoping that Bitcoin will double the price immediately after halving, most of Bitcoin speculators should already learn that Bitcoin halving effect on the market is not instant. And the thus could also make the time frame when Bitcoin will reach new ATH after the halving, probably longer than just a year.

Only old investors know that the bull season will not happen immediately when the halving happens, but from what I see from newbies, they think the bull season will come immediately when the halving occurs. Many people are even confident that bitcoin will not decrease anymore because the closer the halving gets, the more people will buy bitcoin. From there, the price of bitcoin will slowly increase without any significant price drops. If based on history, newbies have a wrong view of the bull season, but there is no guarantee that history will repeat itself, so things cannot be easily predicted.