Quote from: enwi on May 24, 2024, 11:46:52 PM

Quote from: kentrolla on May 24, 2024, 08:30:50 PM

Quote from: Alpha Marine on May 24, 2024, 06:28:12 PM

Quote from: hd49728 on May 19, 2024, 04:11:46 AM

Previous cycles, the market takes Bitcoin about 9 months or 1 year after its halving to jump to a Euphoria phase.

The problem is that most people don't understand this. Most are experiencing a halving for the first time and they have refused to study and see how bitcoin performed in other halving. The halving was sold to them as a time when the price rises and gets to a new ATH, they were never told how long that might take to happen. Many people believed it would be immediately after the halving. Another thing that fueled this belief was how Bitcoin performed a few weeks before the halving. We saw bitcoin go from around 50k to 70k in days if I'm not mistaken, so they believed the halving would be like that too.

I've always advised people to take a look at bitcoin price history over the years, see how bitcoin reacted to various events and you'll have an idea of how bitcoin price would react now. It may not be spot-on accurate, but like I said, it will give you an idea.

Not sure how people in masses can buy the idea of bullrun immediately after halving without looking at historical data because it's quite evident that usually it takes around a year post halving for bull run and people jumped in assuming bull run will start immediately after halving and getting panicked for minor fluctuations.

Exactly, according to the content of my thoughts, I also really believe that one year after the halving there will be a very short bullrun and make altcoin prices return to a fairly high price increase. We must be able to maximize moments like this to make huge profits. We have to buy coins first when prices are cheap like now. When the price rises in the altcoin season, we can sell and withdraw the profit we have made.

After a year, Bitcoin market could be huge though as we might be on a parabolic rise by that time. And so I think we shouldn't wait till a year, for me the best gauge will be at least at the end of the year and then see how it goes for us. Market is very volatile, that is a given fact already, however, since we are in a bull run, it's just a matter of time before we can see this big increased. Even before the halving, we have reach new all time high at $73k. Currently, after the halving, the biggest jump is $71k. But we should wait and look and the bigger picture here. Majority here thinks that the price will go and hit more than $100k this bull run. So just need to have patience here, but we can still accumulate and be ready to what the market will bring in 2025.