Bitcoin, Halving, Selling

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Happy #sublimesunday and #beautifulsunday!

What a remarkable week! It was indeed incredible for Bitcoin. We saw a new high price of $70,199.00 (03/08/24, 7:30 AM) for bitcoin, observing another record high! It was thrilling as bitcoin reaches yet another all-time high price. This will go down in cyrpto history.


It appears that bitcoin is restored to its former highs of November 2021 ($64,912.20, 11/10/2021, 4 PM). But this time, it has surpassed the old highs. The attitude toward cryptocurrencies and bitcoin is hopeful and promising.

However, none of this ensures an increasing trend. It's possible that this trend will shift.

Decentralized systems triumphed in this situation.
Bitcoin had a successful week.
If you are a hodler of Bitcoin like me, kudos.

Will this bull market continue?
What tomorrow holds is a mystery to all.

About Bitcoin
Bitcoin is the world’s first widely-adopted cryptocurrency. With Bitcoin, people can securely and directly send each other digital money on the internet.
Unlike services which rely on the traditional financial system for permission to transfer money and on existing debit/credit accounts, Bitcoin is decentralized: any two people, anywhere in the world, can send Bitcoin to each other without the involvement of a bank, government, or other institution.
Source

Around April 16-17, 2024, the block reward will be reduced from 6.25 Bitcoin per block to 3.125 Bitcoin per block.

The quantity of new Bitcoins created is halved on the halving day every four years. This implies that the incentive for network security contributions is halves when Bitcoin halves, which has an immediate effect on the rate at which new Bitcoins are created and put into circulation. This is what is called the "halving day."

The method of limiting the overall quantity of Bitcoin and enhancing its rarity was incorporated by its creator, Satoshi Nakamoto, into the Bitcoin protocol.

When Bitcoin halves, the reward given to the contributors securing the network is reduced by 50%, directly impacting the rate at which new Bitcoins are introduced into circulation. And because there are only 21 million bitcoins and the halving makes fewer of them, the halving contributes to making bitcoins more scarce. Source

Because of this built-in scarcity and the historically high demand following the past halves events, there is a possibility that prices will rise as a result of digital rarity.

Will I be selling my Bitcoin soon?

If I have realized a significant profit on my cryptocurrency investment—let's say the asset has doubled or tripled in value—this could also be a good time to sell. Bitcoin might very well keep growing and developing and maintain its excellent market position, but I might desire to seize the opportunities that present itself.
This could be a wise choice if I wish to reallocate my capital and cash in. Otherwise, if I think the project has solid foundations, I can just sit on the holdings.

It is up to me to make that choice.



Reference
https://www.coinbase.com/bitcoin-halving
https://www.investopedia.com/when-to-sell-crypto-6502079#


😍#ilikeitalot!😍

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Halving coming close and I'm getting excited about it but scared too, hope it doesn't crash/healthy correction that halves portfolio before halving !LOL.

Your mindset is Great, "wen you can seize the opportunity, why not" that's where most people hesitate and don't take profits.. why not wen it's double or triple.

!PIZZA !LUV

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(Edited)

Exactly! Take the money and run.
!PIZZA
!LUV
!LOL

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(Edited)

PIZZA!

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@silversaver888(3/10) tipped @emmyrosum
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(Edited)

Oddly enough, I suspect the price will drop initially due to weak hands selling. Then it'll shoot back up and test new highs as people realize it's now more scarce and even more demand puts pressure on the price.

!BBH
!DHEDGE

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Your guess is good as any! Bitcoin is very volatile... this volatility is the key challenge when trading cryptocurrencies. Unfortunately, predicting these drops and gains is not a precise science.
!BBH
!LOL

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When is hive going to $1 😞

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When? I do not know! But it has increased in price lately!
1 HIVE
USD
0.4348
Powered by CryptoCompare•Today at 8:51 PM

!BBH

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(Edited)

Always do your “ due diligence “ @silversaver888 😇😊
Rumors are flying that Jeff Bezos has just sold a significant stake in Amazon and is a BTC buyer.

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The cryptocurrency market operates differently from the stock market, it is difficult to navigate. Someone who has never done anything except trade stocks may find it scary because it has a distinct personality. It's understandable that novice like me could find it challenging, as even seasoned investors typically use extreme care when discussing the direction of the cryptocurrency market. Let us see, @silvertop !
!PIMP

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So very true @silversaver888 !😇
Many more pitfalls in crypto, many scams that people can fall for easily…….
I am trying to get my two grown sons to do dollar cost averaging bitcoin and I’m trying to figure out the simplest way not to confuse them 🥰

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I think after the halving the price will dip. But by how much….

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(Edited)

The last two halvings resulted in highs, hopefully it will do the same this April! One may ride it .... those who brave the market and sell when they feel the time is right. Investing in Bitcoin does not guarantee a rise in your portfolio over time, unlike the stock market. Even though the stock market experiences brief ups and downs, a solid company with solid fundamentals will always win out.
!LUV

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I hope it crashes!
We wanna buy more cheap! 😁

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Ms. Saver @silversaver888
Besides Bitcoin I know you !LUV seeing RARE Silver Vintage Pieces...........

!LADY
!PIZZA

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Ms. Saver @silversaver888
It says it in the Bible..........

GIUBt66XoAAvEcz.jpg

!LUV
!LOL

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View or trade LOH tokens.


@silversaver888, You have received 1.0000 LOH for posting in Ladies of Hive. We believe that you should be rewarded for the time and effort spent in creating articles. The goal is to encourage token holders to accumulate and hodl LOH tokens over a long period of time.

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Ms. Saver @silversaver888
Now what ???
GISgeqrW8AAaw7K.jpg

!LUV
!LOL

and Drink it all Up.............

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And pulling up Hive with it! Some of the time.
I remember you did quite well with BTC in the past.
And I still hodl a tiny sliver of BTC.

Always, with love 🤗🌺❤️
!LADY

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Yes, I did. It was Nov 2017... Remember, I bought 1/2 share of Bitcoin for $250 and the price went up the $5K+ and it scared me!! I sold it, left a tiny fraction of a fraction, and turned around and bought my first release proof Gold Buffalo!!! Wow, you reminded me of how scared I was!!! I'm glad I left that fraction. I withdrew in late Nov 2022 and Bitcoin was then at $15K... and bought my other Gold Buffalo! What a ride!!!
xoxo🤗🌺❤️
!LADY
!BBH

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Bitcoin definitely has a 4 year cycle and it will be interesting to see where this goes. I am thinking it will go up, with some possible resets, but then so do stocks! It is up to each of us, what we do with our Bitcoin. Thanks for sharing sis! Love ya much!🤗💜😘😍🌸💕💟🌹🌟🤗 !LADY !LUV !PIMP

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Yes, interesting...
Just keep thinking it will go up, hehehe!!!
Stocks... I check mine, and they all seem to be losing. Well they go up and down.
!LUV ya much, sis🤗💜😘
!LADY
!PIMP

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I almost had to laugh today when someone told me that their financial planner said Bitcoin was too speculative and they should stick with stocks and keep paying the mortgage on their home, even though they have more than enough money to pay it off; they are retired. Last I checked, stocks were speculative as well. The response to that was that the stock market had been around for over a hundred years! That may be so, but I can guarantee that a lot of stocks that might have once been on the stock market are long gone. The financial planner said that no one in their company recommends Bitcoin.

I just don't understand why people are closed minded. Oh well; someone once said that people buy Bitcoin at the price they deserve. Unfortunately, a lot of people are going to wish they had gotten on the band wagon a bit earlier for sure.

Love ya much sis!🤗💜😘😍💕🌹💟🌟🌸 !LOLZ

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We all hope we see more upward trends, but I think after the halving there will be a drop and that might be good tome to buy some more. I don't think the run is over!
!BBH
!DHEDGE

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Who knows!!! Today, it went up the $72,930!!!
!BBH
!LOL

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5700 ish blocks to go. If history repeats, we'll have a dip followed by a bull run until next October. But there's no guarantees.

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And today bounced right off the $69,200 high from 2021! (Intro day high)

Looks like clean support 🙌

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