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RE: BTC - What happened the last time we were 6 months pre Halving?

in #bitcoin5 years ago

Greetings dear friend @jrcornel.

I think it is positive to analyze how BTC's behavior was before its previous Halving in order to establish valid hypotheses for May 2020. This could offer us valuable indicators to support decision-making.

Although we cannot ignore external factors that might have influenced their behavior in 2016 and that they could do so again in 2020.

By the end of Q1 2016 The world oil market experienced a significant collapse that led to the rethinking of OPEC policies precisely in the months of June and July 2016 when the previous halving occurred. Currently the US has issued economic sanctions that affect large producers such as Iran.

Perhaps this could have some effect on the crypto market, especially now that these same nations are developing efforts and policies to express and manage their international reserves reflected with cryptocurrencies such as BTC?

All best, Piotr.

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