Next Halving Will Likely Boost Prices
Curious about what might be driving up the price of Bitcoin (and everything else)?
It's probably the same thing that bitcoin and cryptocurrency prices have skyrocketed every time...
Halving! It looks like it and just helps add fuel.
I think this next cycle is pretty similar.
Look at this:
As you can see, the price has skyrocketed every time since the halving.
The next halving will be in the spring of 2024, probably in April or May.
Tend to bottom out more than a year ago.
Prices tend to bottom out before reaching the next 64%. This means that the price has probably already bottomed out, or is very close to it, based on previous patterns.
History is never "always" followed.
This is a thought that comes to my mind whenever I reach the data like this. Above, I gave my thoughts regarding the Bull cycle probability relating it with the Bitcoin halving but again, now more and more people have joined the crypto market in recent times and most of the people are in awe of the fact that Bitcoin halvings did send the price up, not just u button all times high for many coins.
Probably, this might not happen now. Probably it can too. Both chances exist obviously but do you personally feel the bulls gonna do the same thing again which they have already done 3 times?
Are they gonna make this easy for people to earn money?
Obviously No!
No matter if it is bulls or bears, all want the loss of the common man and you have to understand this and keep learning in the market so you do not become one of those "common men". Consider the words of a very popular Twitter influencer which you might be knowing "Carl | The Moon, he said a few months back that bitcoin will never drop below $10k again ever. you can listen to this podcast.
He said this when Bitcoin was around $35000 - $40000 (not sure but around this mark) and now we have even touched $15500, pretty close to his prediction right?
You take the example of other influences like matt Wallace, such a big DogeCoin maxi, and believe that Doge can surpass Bitcoin shortly.
People questioned him, HOW & WHY?
And there was no fucking reply.
HIVE IS DIFFERENT.
Hive is different, it is not a meme or just a normal blockchain but rather a chain where we can have the whole media in the future. Current Youtube, Twitter, Facebook, and Instagram can all be replaced by the Hive blockchain's projects. If you wanna see financial content, go to Leofinance, for sports, go to sportstalksocial. Similarly, if you have a question, go to the recently developed project Reverso. Slowly and steadily we all HIVE members are growing in the bear market.
Defi, from Leofinance's side through CUB finance, we are heading over there. We have DEXs getting built up like TribalDex and many inbuilt DEXs by the front ends. Do you want to play games, or earn from games? Go for one of the widest-played P2E games, Splinterlands, and also there are many other growing gaming projects in the HIVE space.
Although can have thought that we will see a good rise in the "price" of HIVE when we will see the rise of Bitcoin's price and therefore the whole market becomes bullish but the "use case" that HIVE provides is not dependent on the price of any Bitcoin or Ethereum but rather us, the community. Twitter offers so much censorship even though after Elon Musk's takeover.
Incident.
Yesterday, I read a tweet and felt stupid about the author, not going to mention it here but when I went to replies and typed "Idiot......", I got a warning type of message from the Twitter side that this is related to hate speech and so and so. I was so furious with this message although it might not seem a big issue when giving someone hate, there should not be such a warning. I have not sworn or done anything but just said idiot and they are having a problem with that!?
Reason to Join HIVE.
Thanks for going through the post and I hope you must have attained value from it and also, later on, enjoyed it, I am glad if you did. Rest, this all is not financial advice but rather my thoughts being shared here and also just for entertainment purposes. Keep having fun and remember the world cup, LeoFinance is also an official sponsor of the Hivebuzz world cup contest therefore, keep supporting them and the community. Have an amazing rest of your day!
SANJAM