Bitcoin at $30000
I own bitcoins, what should I do with them? I have been in this since 2014 and been able to ride 3 waves, but feeling tired and also a little sad of not cashing out in previous cycles and investing! I want to take money out of bitcoin now, should I do it? What would you suggest ?
Wait for Bitcoin halving,
It refers to the process of reducing the reward for Bitcoin miners by half, which occurs approximately every four years. The process is built into the Bitcoin protocol as a way to control the supply of Bitcoin and ensure that it is gradually released into circulation over time.
During Bitcoin halving, the number of new Bitcoins that can be mined by miners is reduced by half. This means that it becomes harder and more expensive for miners to obtain Bitcoin, which can have an impact on the overall value of Bitcoin. Historically, Bitcoin halving has led to an increase in the price of Bitcoin due to the reduced supply of new coins.
The most recent Bitcoin halving occurred in May 2020, when the reward for mining Bitcoin was reduced from 12.5 BTC to 6.25 BTC. This marked the third Bitcoin halving since the creation of the cryptocurrency in 2009
This is in Apr 2024 I think
