If you follow simple calculation of bitcoin halving and make inevstment according to it, Trust me you are always been in profit as a hodler. You will get to know when it reach to peak price and when it creates a bottom so things would be easy for you right ? That is not possible to predict exact bottom and exact peak but you will get beter predication by bitcoin halving even and it's history chart.
If you know nothing then just follow this simple step and it is buying before one year of bitcoin haling and book your profit after one year of bitcoin halving and it is not going to disappoint you. Halving simple meaning is half supply cut of bitcoin and that's why there is limited amount of bitcoin available. Supply is going to be half.
Bitcoin halving not only benefit the bitcoin but it is beneficial for whole cryptocurrency market. Obviously better projects are going to rise and shine but bull run push it for big boost. Similarly these projects will get loss too in the bear market. Because bitcoin is the door of crypto and if the bitcoin halving event will pump the bitcoin then definitely those money comes into altcoins as well. So this is how bitcoin halving works and this halving event coming after 1 year and 71 days so there is still time. According to this data we can speculate the peak and the peak will come after 2 years.
Half the supply will continue to be cut every four years. After every 210,000 blocks mined, or as I said roughly every four years, the block reward that is given to Btc miners for processing transactions is cut in half. So this is the definition of bitcoin halving. Below is the chart where you can see the history and bitcoin halving event connection with bull market. You will understand the whole scenerio and get the idea.
Image source
The question is what is going to happen in these 2 years so the thing is these two years are not going to turn into bear but we can see slow rise in the price and currently we are seeing bitcoin price jump which seems like recovery of the market. Many saying that this is mini bull run but it is not because bitcoin is not crossed $30k price yet. Price is constantly increasing that does not mean we will not see correction. Correction is important for healthy growth so surely we wll see corretion in coming days.
This is not financial advice but my personal speculation according to bitcoin halving charts and analysis and everyone has their own opinion according to their research And I would love to know that so must share the comment below. Do your own research and have a safe crypto journey. Thanks.
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| Hi I am lucky ali from gujarat, india. I am crypto enthusiast, blogger and SEO developer. I always interested to learn new things and getting new experience. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family โฅ |