Like people are already buying the rumor I believe many would sell the news and a dump would occur after or a day/two before the halving. What are your thoughts on this?
Does selling the news still apply here?
Month-to-date, Bitcoin is still up by ~$3000 even though we've seen a huge dump after it's continuous price increase.
The "sell the news" thing didn't happen a day or two before the halving, but it happened when people least expected it.
I mean is there any reason for Bitcoin to surpass it's previous ATH even though the halving event didn't happened yet? People got FOMO'ed at that time because many saw Bitcoin trying to surpass it's previous ATH. Now people who bought near the ATH are down double percentage currently, but I guess it doesn't matter because in the long run, they will still be in profit since we expect that Bitcoin's price will go higher than it's previous ATH during the bull run.
As for the "selling the news", it's still happening, and it's a good strategy as well. Like you said, we've seen a dump when the SEC accepted the 11 Spot Bitcoin ETFs though we've seen a major increase after that dump. It might happened as well with the Bitcoin halving event. After the event, we might see Bitcoin's price going down a little bit then it will go up in price. This is a perfect opportunity for us investors to buy. Like they say "Buy the dip".
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