I was shocked after spending hundreds of hours researching how alts respond to halves.
The $BTC halving will start in only three weeks, on April 19, 2024.
I was startled after spending hundreds of hours studying how alts respond to halves.
I'm going to remove this topic shortly because it will separate the losers from the millionaires this cycle 😵👇.
➮ A lot of people are building massive portfolios, stockpiling alts, and anticipating sharp rise following the halving.
Some are selling because they think there will be a slump and stagnation following the halving.
Who is correct, then? Let's solve it together...
➮ This will be the fourth halving ever, and it will happen on April 19th, which is not too far away.
You can see all of the halvings that have taken place in the image below.
We must examine the halvings in 2016 and 2020 in order to comprehend what will occur in 2024. 👇
However, before we get going...
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1/ Let's begin with a quick review of the market capitalization of all cryptocurrencies between 2016 and 2024. I used a chart that included all altcoins except the top 10, and as of right now, things are as follows:
Let's now examine each halve in isolation 👇
2/☮ 2016 halving Alts had a six-month decrease following the 2016 halving.
✧ However, the major reason this occurred in 2016 was the lack of popularity of alts and the lack of interest in nearly all projects other than Bitcoin.
Only in 2017 did interest start to surface, which sparked rapid expansion.
3/ 2020 halving There were no outages in 2020, and alts kept growing almost all the way through 2022.
✧ At that time, cryptocurrency was far more well-liked by normal people, which is why altcoins continued to rise consistently. Even when there were setbacks, they were only temporary.
4/➮ 2024 halving ✧ We're already seeing a different picture this year since growth has started and appears to be happening ahead of schedule.
We won't see any downtime, considering the last two halvings where adjustments or sideways periods happened but were never extended.
5/➮ Naturally, it's hard to forecast with precision, and a lot can change throughout the halved time. However, I believe that over the course of a year, there will be a slow but steady rise, given the 1.5-year timetable for the progressive reduction.
6/➨ It's crucial to take into account the BTC ETF's recent approval, which brought in a significant number of new investors and liquidity. ✧ More liquidity means less volatility.
✧ Bitcoin is nearly a globally acknowledged currency.
All of these might lengthen the impending bull run.
7/➮ Concluding: ✧ Given all that has been said so far, it seems improbable that there will be any abrupt changes in the market or a market freeze.
✧ Given that the cycle has already begun, I believe we will increase gradually.
Simply said,
my study, thus keep in mind to DYOR. 😅😅😅