Post
Topic
Board Speculation
Re: What is going to happen with Bitcoin now?
by
thecodebear
on 19/05/2024, 16:31:44 UTC
I have seen that after this Bitcoin halving, the price of Bitcoin has decreased a lot. As far as I know that after every halving the price of bitcoin increases exponentially and it increases about 3 to 4 times, but this time I saw that the price of bitcoin has decreased a lot after halving, but I have seen in several places that they say the price of bitcoin is halving. After that it will decrease a bit and then it will increase rapidly. As such, after checking the market today, I saw that After the fall in the price of Bitcoin, the price is slowly increasing again. Bitcoin price was below 57K three days ago and today Bitcoin price is $63,585.10. Does that mean we will see a Bitcoin bull market now? Or will it decrease again? What is your view on Bitcoin?


Dude you need to calm down.

Nobody can predict short term price movements. A big bull market has so far always occurred after the halving. That doesn't mean a day after the halving, or a week after the halving, or a month after the halving. Usually it takes around 6+ months after the halving for the bull market to start.

Whether Bitcoin goes up or down now shortly after the halving doesn't matter. Why are you so concerned with what the price is on such a short term scale? Bitcoin isn't a short term investment, it is a currency that is the best long term savings currency ever invented. Unless you are day trading there is no reason you should care that it was $57k recently, or $63k recently, or $67k today, etc.

If you are THIS worried over daily price movements you are NOT going to survive the next big correction or the next bear market.

Chill out, DCA into Bitcoin long term to increase your savings, and stop worrying about the price day to day or what you think other people said the price is going to be today or tomorrow or next week or next month.