Will There Be A Bull Run Soon?

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Joining the blockchain world have really turn out to be a blessing, a really good one. It get to a point that I started viewing it as one big university where we have to start learning new acronyms and even different terminologies, I know there are still some words used that you won't be able to really decode or have the insight meaning to it. I vividly remember the first day I came across the word bitcoin halving, I was like what is bitcoin halving, whey are they doing it and what is the main benefit to us in general, I started making research before I finally understand it.

What is bitcoin halving?

There are still lot of newbies in the crypto space that really don't know what halving no is all about, yes it happens some days ago. Let me explain what is actually means, you know what they mean by half, splitting things into two. Same thing occur here, bitcoin halving is when the total amount of bitcoin that miners can generate every 10mins is been split into to. This actually started around November 2012, I should be in my secondary school by then and I have no knowledge about crypto. When halving occur, it actually make the bitcoin to be hard to earn or get and thereby tends to increase the value.

It will surely be scarce and at times scarcity bring in the value of things. This is one of the reason people are happy and keep telling others to gather more bitcoin when they still have time to get it cheap because this catalyst will act as a stepping stone for a bull market take it or leave it but will the bull run start immediately?

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I don't think so, or should I just say no. When I was trying to make someone research, I saw this image above on how the bull occur after each halving, if you view it well, I hope you can see it, you will see how the candles move after each halving.

  • the first halving, the candles move in a tall skinny way, let me just say it like that, which indicates that after the first halving, the bull run happens fast, it move quickly but

  • on the second halving it was want like that, this time around it was somehow slow and expended, I hope you can see it, it didn't occur like the first one.

And this time around what do you think will happen, just saying, since the first halving bull run took about a year before it really occur, I was already having some knowledge in crypto when the second bull run occur that is around 2018 which is somehow 2years after the second halving. When will the next bull run be? No one knows yet but be prepared, we are in the crypto space, anything can happen, what do you see to this or what are your view.



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13 comments
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I think it should be on its way even if the current buy in of bitcoin drops by it has to drop by half to maintain the same price so I think as the new bitcoin hits the market and the new cost of mining is finally established it has no choice but to move up

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Bitcoin bull run? There may be possible because there are many traders take benefit from the up and down sharply. I think BTC will be stable coin in the future

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Sure it surely will,we don't know what might happen yet, we can only predict and things can change anytime

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Hello there @valchix,

I think your graph is old as we passed the 3rd halving right?

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(Edited)

Yes it is, I was only using it to illustrate, we pass the third halving 2 days ago

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Hi friend, thanks for posting.

I think this Halving generated a lot of expectation, anything can really happen, hopefully a bullish raly will happen, however it looks like it won't happen that soon.

Welcome to Project HOPE.

Let's be optimistic!

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