when it was happening the general idea was that it would have no effect on price since we all knew it was going to happen long b4 it happened, it wasn't unexpected and there for "priced in" and that bitcoin was going up for far more compelling reasons.

i agree with this.

and its still true, we all know there will be less coins mined over time, it is infact a reason why people buy bitcoin in the first place (limited supply) therefor priced in at all times.