Cryptocurrency is one of the biggest thing that has happened and is happening to the world right now, i mean look at how much and well its been talked about regardless of the fact that it has faced a lot of criticism and bans in different countries of government but still, it is holding on to what it is and what it stands for. One of the things about crypto i haven't understood is that the more you talk down on it and the price slashes, the more the news of it spreads and adoption on its way.
Bitcoin halving which its culture has been that every four years it undergoes halving which sees its circulation reduced most especially that coming from mining sessions. Since bitcoin mining is one of the ways through which more bitcoins are been created and distributed, cutting down the rate and extent of which its been mined and distributed would automatically initiate a scarce of it and invariably the price would have to skyrocket more than what is its usual.
Understanding the laws behind scarcity, demand and supply and attributing it to what bitcoin halving is, one can equally predict what can be the outcome of the halving in no big time. According to history, the previous halving has it that during such time the price of bitcoin tends to rise and this years halving won't be an exception. Now analyzing this, lets take for example another commodity like roofing material. If there are many manufacturers in the market with nice looking and quality sheets coupled with a good distribution method, ultimately, the price of roofing sheets would come down hence because of its supply in market but if the supply is been tampered lets say it goes down to 50%, scarcity is tend to come and the price automatically increased.
My Prediction Based on History Occurrence
History has it that during halving of bitcoin, the price of it increases because it is now short in supply. Since this is so, i think history would repeat itself again because same circumstances that bitcoin adoption faced then, its still same now and though there might be degree to them but still they are almost the same so i think that bitcoin price would increase too.
Regardless of the fact that crypto won't be predicted that well and with uttermost accuracy as such the above stated prediction is not a financial advice but then there are truth in my analysis. If it then rises, many people would have entered their sabbath as crypto has given them rest in terms of gains for some time. Outside of bitcoin, other coins related to bitcoin too would experience a big increase.
Better Days Ahead
source
One of the lessons i have seen play out on crypto is the subject matter of patience. Earlier before now in the previous paragraph of this very article, i highlighted was the history has held concerning bitcoin halving and how it later turned bullish and one of the other things i said was that same thing might reoccur again but is subject to change as what i said is not a financial advice.
Even at all the halving didn't bring about a bullish return, patience is the key to unlocking greater heights and earnings in cryptocurrency. As a matter of fact, some of the coins that later made many millionaires or billionaires didn't look like it when it started, some of the crypto projects that later paid off didn't look like it but regardless it paid off because the holder was patient enough.
Portfolios, holdings can turn around for good if patience is there. While you do your research on the coins and stacked them, have your patience and see things turn around for good.
Thanks for stopping by friends, do have a blessed day.
Posted Using InLeo Alpha