- 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.
Bitcoin has a success rate of 100% when you consider what happens after it complete its halving cycle. Why should we doubts that the same thing would repeat itself when it hasn't failed before. The three times, isn't out of a bigger number of attempts that you can say it doesn't have a 100% success rate. All the halving results were the same effect but just that they had different timeframe but the main point is that the price changed significantly after the halving has been completed.. Bitcoin has had all its previous halving boost its price without leaving any year untouched.
This is a pre programmed mechanism so I don't get it when people are doubting that the price will also increase this time around. The signs are already there, it isn't just because of the halving been completed that makes the price of Bitcoin to increase, there are other factors but the completion of the halving puts other factors into motion.
- Why would people invest loads of money in BTC after the halving and not before?
Naturally we tend to follow trends as humans, fomo kicks in when the price of asset begin to increase as people try to catch the train before it leaves them behind. When Bitcoin starts increasing different sets of people with different beliefs begin to take action. We have those that didn't believe the price will increase so when it begins to happen the fomo into the market. We also have those that didn't have full convictions and only bought a small portion of Bitcoin so as the see the market moving, they buy more. Basically people won't want to miss out so they'll buy more as they begin to see the price of Bitcoin increasing with all the positive sentiments surrounding Bitcoin. To be at a better position, it's better you buy when the fomo hasn't kicked in and that's by accumulating before the halving is completed.