Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: pakcoy on October 05, 2018, 04:11:12 AM
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It's been a little over two years since the last reward halving which occurred in the first decade of July, 2016. That means we can now officially start counting down till the next halving which is scheduled to occur in the third decade of May, 2020. But what's more important here is that there will be a lot of buzz and hype months before the actual event.
So let's recall the train of events that had preceded the last halving. In late August, 2015, bitcoin made its local low of about 200 dollars, and since September it started to rise and rose to over 750 dollars in June, 2016, just a few weeks before the H-day. Then there was a correction which many had been expecting as it was kinda obvious that people would be fixing profits.
Now, if past events are any indicator of what future holds, it is reasonable to expect that prices will likely continue moving in a sideways market for at least a year, with minor rebounds and corrections, as was the case in the second half of 2014 and first half of 2015 (now we are in 2014). Then, in the second half of 2019, people will undoubtedly start loudly talking about the next halving. These talks and expectations associated with the halving will most likely lead to a sharp price rise till the very event or pretty close to it.
The bottom line is that, these few months, and especially the first months of 2019, may be good entry points before bitcoin gets a lot of hype again. So don't miss on this opportunity, and get your cash ready today to jump on this bandwagon right on time!
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Anyway, when the next growth of Bitcoin starts, it is better to have it in advance, so as not to buy the already expensive coin and be later at a loss in a falling market!
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This does sound like a promising thing. And given that the history repeats itself in the market, it does seem like it is high time for the second halving. This is an opportunity that cannot be missed.
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2018 should be the time when bitcoin will rise in price, but until now the signs have not been seen. maybe this is because many investors whose funds were trapped when last year's buill market, and they decided the HODL from the cut lose.
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If you see that crypto currency is a decentralized digital currency, I think crypto does not need regulation. But if government regulation benefits us more as a crypto investor, I don't think it is a problem. If crypto is regulated, it allows us to freely invest in crypto. There is no fear that the government will ban crypto. And that is a separate point for crypto investors.