Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
UchihaSarada
on 26/02/2024, 12:07:55 UTC
Halving is so close.
Even though our target is for long-term investment, we are of course waiting for the halving moment because it happens every 4 years. They would have made many achievements if they had invested early in Bitcoin because of every halving, of course they would have welcomed it with joy. The price issue is not something we want to talk about, but please know that this year's Bitcoin miners will get smaller rewards. from there, make the best possible use of the opportunity we have to keep buying and buying because there are only 21 million bitcoin. which will become increasingly rare because many are lost from circulation such as their owners passing away or they don't save their private key so they can't access their Btc holdings.
Obviously, experiencing each halving season, the scarcity of Bitcoin becomes more and more obvious, but many investors rarely pay attention to it, except for mining. I believe that this halving cycle will have a greater impact on the price of Bitcoin compared to previous periods when the demand for Bitcoin ETFs is increasing.
Currently, most Bitcoin purchases are through OTC, but imagine when the amount of OTC Bitcoin is no longer available, forcing them to go to exchanges to buy. If they cannot ensure the amount of Bitcoin reserves, their fund may have to stop, so they must continue to buy Bitcoin for reserves. Therefore, in the near future we may not see a huge impact on prices, but I believe there will come a time when Bitcoin prices will truly explode more than we can imagine as demand increases high meanwhile supply is increasingly scarce.