Expect volatility after Halving

Hello!

Last week has been wild for altcoins. As a HIVE hodlers we are used to this kind of volatility, we don't even move an inch with a 15% drop. We have been for multiple bear markets before and 15% movements are not going to change our long term commitment with this community.

I am glad I've been through all the Steem/Hive drama, and the 2018 and 2023 bear markets. Now I'm almost insensible at the price movements, specially if they come in the down direction.

I expect the halving to bring a lot more volatility to the Bitcoin price. I also believe that we will begin to see the halving effect in the coming months. Supply shock + Demand shock is the perfect cocktail.

This summer will be very interesting. I have some friends that are investing in lowcap altcoins that are suffering a lot. Maybe they will get rewarded long term but I can see that they lack conviction and they are making some strange moves with every price drop.

They are trading affected by emotions, I am not sure they will improve in the coming years as some of them have been through 2 bear markets. There is people who don't learn from their mistakes, it's that simple.

At the time of writing this words Bitcoin is trading at $67,500 USD, not far from the all time highs. Bitcoin dominance moved from 50% some days ago to 54% with the recent price drop.

I think that my theory of Bitcoin moving first and then altcoins is going to repeat this cycle. I am happy with the strategy I decided for this bull run. Can't wait to see where we land this 2024!

Enjoy your weekend.

Posted Using InLeo Alpha