2024

Bitcoin

Arthur

<p>The post <a href="https://coinpedia.org/news/is-the-bitcoin-halving-a-buy-the-rumor-sell-the-news-moment-community-weighs-in/">Is the Bitcoin Halving a ‘Buy the Rumor, Sell the News’ Moment? Community Weighs In</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With just 1 and a half days left until the highly anticipated <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/">Bitcoin halving</a>, the crypto community is abuzz with speculation about its potential impact on prices. As the countdown continues and <a href="https://watcher.guru/bitcoin-halving">less than 250 blocks remain to be mined</a>, Coinify CEO Rikke Staer suggests a possible case of ‘buy the rumor, sell the news’ for this halving. However, others believe this downturn could signal a shakeout before a significant uptick in prices.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-halving-approaches">Bitcoin Halving Approaches</h2> 
<p>According to the Coinify CEO, halving cuts miner rewards in half, less efficient mining operations might become unprofitable. “These miners might be forced to sell existing <a href="https://markets.coinpedia.org/bitcoin/">bitcoin</a> holdings to cover electricity costs, equipment maintenance, and other operational expenses.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ac.png" alt="💬" class="wp-smiley" style="height: 1em; max-height: 1em;"> Coinify CEO Rikke Staer suggests that this year's Bitcoin halving may lead to a "buying on rumors, selling on the news" scenario, with price reactions potentially spanning several months; predicts challenges in replicating past dramatic increases, reports The Block.</p>— BitcoinWorld Media (@ItsBitcoinWorld) <a href="https://twitter.com/ItsBitcoinWorld/status/1780738201285730561?ref_src=twsrc%5Etfw">April 17, 2024</a>
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<p>Staer further mentioned that the response of Bitcoin’s price to the upcoming <a href="https://coinpedia.org/news/why-past-bitcoin-halvings-may-not-predict-future-prices-goldmans-warns/">halving might not happen right away</a>. Historically, significant growth after halvings occurs over 6-18 months, and big price movements become less likely as the market grows.&nbsp;</p> 
<p>He also noted that replicating the massive gains seen in previous halvings might be tough because of Bitcoin’s larger market size now.</p> 
<p>Also Read : <a href="https://coinpedia.org/price-analysis/bitcoin-price-is-playing-above-the-important-support-is-the-time-to-long-btc/">Bitcoin Price is Playing Above the Important Support; Is the Time to Long BTC?</a></p> 
<h2 class="wp-block-heading" id="h-sell-the-rumor-sell-the-news">Sell the Rumor, Sell the News?</h2> 
<p>Meanwhile, the concept of ‘sell the rumor, sell the news’ has gained traction in the crypto community, with some anticipating a price decline following the halving. Interestingly, the approval of U.S. spot bitcoin exchange-traded funds (ETFs) was also anticipated to trigger a ‘sell the news’ event.&nbsp;</p> 
<p>However, the actual launch of <a href="https://coinpedia.org/news/i-wont-invest-in-bitcoin-etfs-or-any-etfs-says-financial-guru-robert-kiyosaki-heres-why/">spot BTC ETFs</a> defied expectations, resembling more of a ‘sell the rumor’ scenario. This unexpected turn saw bitcoin prices surge to record highs once the ETFs began trading and accumulating BTC.&nbsp;</p> 
<p>Large BTC whales are well-versed in selling on rumors, potentially offloading their holdings ahead of anticipated price drops to secure profits before any potential downturn. The <a href="https://coinpedia.org/news/peter-schiffs-warning-legal-storm-clouds-over-bitcoin-etfs/">actions of Bitcoin</a> whales can significantly influence market sentiment, leading to fear, uncertainty, and doubt among smaller investors.</p> 
<p>Read More : <a href="https://coinpedia.org/price-analysis/bitcoin-price-to-drop-more-before-hitting-new-high-post-halving/">Bitcoin Price to Drop More Before Hitting New High Post Halving&nbsp;</a></p> 
<h2 class="wp-block-heading" id="h-community-reaction-nbsp">Community Reaction&nbsp;</h2> 
<p>JPMorgan analysts recently made headlines by predicting a potential drop in BTC prices to <a href="https://coinpedia.org/price-analysis/will-bitcoin-price-once-again-dip-below-the-42k-levels-heres-what-next-for-btc-price/">$42,000 post-halving</a>. Even a BTC bull and former CEO of Bitmex, Arthur Hayes, <a href="https://cryptohayes.medium.com/heatwave-68dc6ccb3d21">anticipated a “slump”</a> in BTC prices around the halving.&nbsp;</p> 
<p>Additionally, some observers have dubbed the halving a ‘sell the news’ event, where crypto assets often dip following positive news releases. As the halving approaches, uncertainty looms over the market. While some anticipate a ‘sell the news’ event, others remain optimistic about Bitcoin’s long-term prospects.&nbsp;</p>

Is the Bitcoin Halving a ‘Buy the Rumor, Sell the News’ Moment? Community Weighs In

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