Quote from: dezoel on Today at 05:36:23 PM

Quote from: GeorgeJohn on April 29, 2024, 06:12:06 PM

Quote from: Stepstowealth on April 22, 2024, 09:09:44 PM

The halving was a major event that attracted many new investors to bitcoins, some started investing seriously some months to the halving just so to make some profit from it.The halving was what attracted them, but now that the halving has come and gone, do you think that the number of new investors will reduce for the now until the next halving is close again?

Many people rush to invest in Bitcoin immediately they have the information of Bitcoin having coming to manifest but they don't know that If halving May fail and also may not fail, so from my own perspectives the understanding of cryptocurrency we should not invest without investigation if you want to make a profit in cryptocurrency industry or cryptocurrency investment don't hesit to make a proper research before you invest many people lose their coins because they fail to understand the procedures of cryptocurrency and to know when to invest and when not to invest

There is no question of the halving failing or not because the halving is not a manual function initiated or added by someone in the network that is meant to increase the price of Bitcoin but it is a core functionality of the network that is added to reduce the block reward hence reducing the increasing supply of Bitcoin so that it takes longer for all Bitcoins to come into circulation. This helps Bitcoin stay scarce which is the reason why the price tends to increase in the long run.

If the price of Bitcoin doesn't go up in the short-term, it doesn't mean that the halving has failed because the halving has done its work which was to reduce the block reward, whether that will affect the market or not can only be seen in the long run, so we need to be patient.

The halving isn't like flipping a switch to pump up Bitcoin prices. It's all about controlling supply and keeping things scarce. So, even if prices don't skyrocket right after, the halving's still doing its thing by slowing down new Bitcoin creation