The Bitcoin Halving Hype Needs To Chill Out

Guy we need to relax about the halvings, that last post about being 80% towards next halving and so we're only 290 days away from the next Bullrun is Bullshit.

Bitcoin halvings don't immediately cause a pump, they never have. It takes months for the effects to be fully realized in the market. Look at the previous halvings:

1. The 2012 Halving: The first-ever Bitcoin halving took place in November 2012 when the reward dropped from 50 to 25 BTC. The price of Bitcoin at that time was around $12. However, it was not until several months later, around April 2013, that Bitcoin started its exponential rise, reaching an all-time high of around $260 in April. ~~~~~~~~~~~~~~~~~~~~~~~~~~~
2. The 2016 Halving: In July 2016, the second halving occurred, reducing the block reward from 25 to 12.5 BTC. Again, the price did not immediately skyrocket. It wasn't until early 2017, several months after the halving, that Bitcoin experienced a significant surge, eventually reaching an unprecedented price of almost $20,000 in December 2017. ~~~~~~~~~~~~~~~~~~~~~~~~~~~
3. The 2020 Halving: The most recent halving took place in May 2020, cutting the block reward from 12.5 to 6.25 BTC. Similarly, the price didn't see an immediate uptick. It wasn't until late 2020, approximately six months after the halving, that Bitcoin's price started to soar, eventually surpassing its previous all-time high.

While the halving is an exciting and essential aspect of Bitcoin's economic model, we need to remember the broader markets at play. The fact that Bitcoin's halving cycle is public knowledge, everyone knows it's coming and it's safe to say the price will probably dump. While it feels like we're getting through the winter, we need to remember that the Bullrun could be more than a year away.

Happy hodling you degenerates!