01-01-2022, 06:06 PM
Market History Explained... Why We Should Prepare for the Bear Market..
<!-- SC_OFF --><div class="md"><p>For the millions of people who joined the sub this past 15 months....</p> <p>So many people were not in this sub in 2018/2019 and don't realize just how similar this level of Hopium was before it became Copium and then the sub just went dead for a year as the bear market kicked in.</p> <p>So far the ATH always come the year after BTC halving occurs.. making block rewards 50% less. . 2012 - BTC block rewards reduced from 50BTC every 10 minutes to 25BTC every 10 minutes...</p> <p>2013 we had ATH around $270 and then 80%+ crash to $50 Then crypto winter until next halvening...</p> <p>2016 BTC block rewards reduced from 25BTC every 10 minutes to 12.5BTC every 10 minutes...</p> <p>4 years after previous ATH...</p> <p>2017 we had $20000 and then a 80%+ crash to $3800 Then crypto winter until next halvening..</p> <p>2020'BTC block rewards reduced from 12.5BTC every 10 minutes to 6.25TC every 10 minutes</p> <p>4 years later from previous ATH..</p> <p>2021 we hit $68000 and so far the biggest drop was less than 50% down... </p> <p>If we follow the pattern of before we have now a bear market with BTC going down below $15000 in the next couple of years before the havlening in 2024 (<a href="https://www.buybitcoinworldwide.com/bitcoin-clock/">Countdown To Halving</a>)and then next ATH in if we follow this 4 year pattern...</p> <p>Right now 900 Bitcoins are mined per day, in 2024 this will reduce to 3.125/block = 450 Bitcoins per day.</p> <p>The next ATH is likely to be 2025...</p> <p>The sentiment in this sub is exactly the same as it was in 2018 when people were sure BTC was going back above $20k as it slowly fell and people lost money and over the years and then also interest. We went from 14k comments in the daily to having 300-600 in 2019...</p> <p>Perhaps this time is different, but I think it's important people take profits and realize that you may need to be able to watch your portfolio crash before it picks up again in a couple of years...</p> <p>We will hit $100k - but it might not be as soon as most people expect...</p> <p>Edit: Thanks for the down votes!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Throwaway4VPN"> /u/Throwaway4VPN </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rtau18/market_history_explained_why_we_should_prepare/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rtau18/market_history_explained_why_we_should_prepare/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>For the millions of people who joined the sub this past 15 months....</p> <p>So many people were not in this sub in 2018/2019 and don't realize just how similar this level of Hopium was before it became Copium and then the sub just went dead for a year as the bear market kicked in.</p> <p>So far the ATH always come the year after BTC halving occurs.. making block rewards 50% less. . 2012 - BTC block rewards reduced from 50BTC every 10 minutes to 25BTC every 10 minutes...</p> <p>2013 we had ATH around $270 and then 80%+ crash to $50 Then crypto winter until next halvening...</p> <p>2016 BTC block rewards reduced from 25BTC every 10 minutes to 12.5BTC every 10 minutes...</p> <p>4 years after previous ATH...</p> <p>2017 we had $20000 and then a 80%+ crash to $3800 Then crypto winter until next halvening..</p> <p>2020'BTC block rewards reduced from 12.5BTC every 10 minutes to 6.25TC every 10 minutes</p> <p>4 years later from previous ATH..</p> <p>2021 we hit $68000 and so far the biggest drop was less than 50% down... </p> <p>If we follow the pattern of before we have now a bear market with BTC going down below $15000 in the next couple of years before the havlening in 2024 (<a href="https://www.buybitcoinworldwide.com/bitcoin-clock/">Countdown To Halving</a>)and then next ATH in if we follow this 4 year pattern...</p> <p>Right now 900 Bitcoins are mined per day, in 2024 this will reduce to 3.125/block = 450 Bitcoins per day.</p> <p>The next ATH is likely to be 2025...</p> <p>The sentiment in this sub is exactly the same as it was in 2018 when people were sure BTC was going back above $20k as it slowly fell and people lost money and over the years and then also interest. We went from 14k comments in the daily to having 300-600 in 2019...</p> <p>Perhaps this time is different, but I think it's important people take profits and realize that you may need to be able to watch your portfolio crash before it picks up again in a couple of years...</p> <p>We will hit $100k - but it might not be as soon as most people expect...</p> <p>Edit: Thanks for the down votes!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Throwaway4VPN"> /u/Throwaway4VPN </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rtau18/market_history_explained_why_we_should_prepare/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rtau18/market_history_explained_why_we_should_prepare/">[comments]</a></span>Kind Regards R