- There have been 3 halvings, and in all of them the BTC price was insignificant compared to what it is today. Am I the only one who thinks that it is premature to speak of a pattern when something only happened 3 times before, and in completely different price ranges? Buying 1 BTC was realistic for many people before the first 3 halvings. Now that is no longer the case.
Many would have thought like you but to be honest, this type of thought never came to my mind when I learned about bitcoin. It is so transparent and so true that bitcoin will still follow the same pattern as it has done previously. No too many people will keep investing in a project that is not worthwhile to be invested in, someone must have seen the loophole or something that would not make anyone invest in it if there’s any one. Bitcoin price will continue to increase and surpass previous all time high after every halving, that is just an event that will continue in that manner.
- Why would people invest loads of money in BTC after the halving and not before?
Because before the halving is the time you will get to buy bitcoin at a lower price. In past events, you will only see an uprise in price after every halving and everyone believes it will still follow the same pattern even in the upcoming halving.