Hey there, no need to panic! Remember, last year, the drop reached up to 73%, but currently, it's just 5-10%. So, there's still plenty of time before any significant decline occurs.
Here's my advice: consider withdrawing your funds and converting them into USDT or any stable coin. Hold onto them until the drop hits around 80% (estimated), considering that in 2020, it decreased by 73%. Just stick with block 12.5 and maintain your composure.
Now, let's review the Bitcoin halving dates:
2012 Bitcoin Halving:
- Previous block reward: 50 BTC
- New block reward: 25 BTC
- Price on halving day: $12.35
- Price 150 days later: $127.00
- Price local top before halving: $16.5
- Drop from highest to halving: -56.69%
- Highest Price on this cycle: $1,144
- Days from halving to ATH: 370
2016 Bitcoin Halving:
- Previous block reward: 25 BTC
- New block reward: 12.5 BTC
- Price on halving day: $650.53
- Price 150 days later: $758.81
- Price local top before halving: $791
- Drop from highest to halving: -40%
- Highest Price on this cycle: $20,114
- Days from halving to ATH: 505
2020 Bitcoin Halving:
- Previous block reward: 12.5 BTC
- New block reward: 6.25 BTC
- Price on halving day: $8,821.42
- Price 150 days later: $10,943.00
- Price local top before halving: $13,923
- Drop from highest to halving: -72.16%
- Highest Price on this cycle: $69,000
- Days from halving to ATH: 554
Stay calm, my friend! 😚🎁⭐
