Most of us do know that the bitcoin mining supply will cut into half which what we call Bitcoin Halving in about 14 days left to go.
Am I excited?
Maybe not but anxious to see what will happen during the halving because I missed it during the last halving.
What will happen?
By definition, during the halving, price of bitcoin will increase or remain when the availability of bitcoin is lower. Theoretically speaking, that will be the case because rule of demand and supply defined that when the supply is less than the demand, price will increase. However, that applies to comodities and services industries which might defer from bitcoin economy.
However, the last halving which happened 4 years back saw a significant rise in bitcoin price and fulfilled the Supply and Demand theory. This might be also the case to the halving due to come.
With the lacking of more real case data, this can be right or wrong. No one knows except for Satoshi(if you manage to find him/her).
Notwithstanding, it all goes back to yourself. What do you think will happen?
As for now, I am preparing for the halving by simply buying bitcoin. Big or small it does not matter as long as I own small fraction.
Of course, at the end of the day, everyone tries to make profit out of it right? I am taking the chances and trying to be bold.
I just wished I had more money.
P/S: Not a financial advice
