Nobody is taking the halving seriously
That's how you know it's gonna melt faces
Discussion
This is the calm before the storm
Uhhh I’ve been taking 4/20 seriously for years…..
I also like to celebrate on 1/5 because I like to reduce my fractions.
I start to find morel mushrooms around 4/20, so I will be in the woods. I love this tradition, joints and foraging.
The halving can happen without me, I'll jump on here in the evening.
....so.....its gonna dump.
speak for yourself. I'm bulls deep ready.
I have the feeling it will play out like this.
Normie has heard something about it and has bought Bitcoin to sell after the 'having' because it should moon directly afterwards.
Traders have heard about it and will take huge positions shorting or going long, also with intention directly selling after the event.
I expect a big dump directly after halfining. Then a week or two slow bleed, nothing major, as the no-knows and normies sell out, "because it's apparently going to zero...again".
GBTC bleeds out in the coming months, so much that Mr. Sunshine is now forced to lower the total expense ratio of ETF to stop the bleeding.
Then the halfining fully kicks in.
US ETFs buying accelerates, Hong Kong ETFs start buying, Japanese companies start buying to hedge against depreciating currency. US financial advisors are up-to-speed and start preaching BTC 'digital gold' parroting daddy Fink. FOMO kicks in heavily. Bitcoin price rockets, no drawdowns. Even more FOMO, propels rocket to eye bleeding (price) highs.
Only thing that will stop the rocket will be some kind of mega bearish event. Some "black swan".
Something really boring, like Commercial Real Estate bank bubble finally pops cascading bank bankruptcies or the banks fail due to dried up funding mechanisms and no more daddy government backing-up.
Both events would cause a major bank bankruptcies, the magnitude the world has not seen before.
OR
Some 'black swan' possibilities: Conbase ETF holdings are hacked and huge amounts of BTC stolen, Ukraine / Russia melts a nuclear facility, "aliens" appear, NATO goes VS Russia, China goes VS Taiwan...etc
What do you guys think about this scenario? Feasible or nah?
There are people who are selling now because the value is going to be cut in half.
because bitcoin is a joke and full of a clown like you