Eluc on Nostr: Not OP but my take as a survivor of several halving already, is that usually it takes ...
Not OP but my take as a survivor of several halving already, is that usually it takes some time until the market adapt to the new reduced supply. There are still long time buyer willing to sell some, peoples misunderstanding the asset that are happy to leave with just 15-20% in profit and some selling BTC to try there chances with altcoins (it will be when alts will take over Bitcoin in growth for a short period.
Until each ATH it was very common to see some more or less long periods with 10 to 35% drawback, so where we are now is really not unusal, no need to panic.
Historically we topped between 9 to 18 months after the halving so we are still early. But this time there was an all time high (in USD) before the halving, which never happened before, so we nobody knows how it will be during this cycle.
Ideally I would recommand to keep you Bitcoin for the long run, you should not plan to sell within the next 5-8 years aftet you enter. It's encourage to spend some along the way whenever you can but immediatly buy what you spend back or buy even more when you see some price down.
But if you are in for some time already and need to sell some for any reason (bettef be worth it), I would wait until October/November before selling some, then if price continue to rise above whatever limit you feel like too high for this cycle (some say 150k, some 250k or more), you could try to sell even more in hope it comes down lower before next halving, but it's always risky. Better hodl for the long term until you can live of bitcoins without chnaging back to fiatbucks, if you don't like risk and don't need to spend large amount short term.
Just my 2 sats. No finacial advise, just life advise.
Until each ATH it was very common to see some more or less long periods with 10 to 35% drawback, so where we are now is really not unusal, no need to panic.
Historically we topped between 9 to 18 months after the halving so we are still early. But this time there was an all time high (in USD) before the halving, which never happened before, so we nobody knows how it will be during this cycle.
Ideally I would recommand to keep you Bitcoin for the long run, you should not plan to sell within the next 5-8 years aftet you enter. It's encourage to spend some along the way whenever you can but immediatly buy what you spend back or buy even more when you see some price down.
But if you are in for some time already and need to sell some for any reason (bettef be worth it), I would wait until October/November before selling some, then if price continue to rise above whatever limit you feel like too high for this cycle (some say 150k, some 250k or more), you could try to sell even more in hope it comes down lower before next halving, but it's always risky. Better hodl for the long term until you can live of bitcoins without chnaging back to fiatbucks, if you don't like risk and don't need to spend large amount short term.
Just my 2 sats. No finacial advise, just life advise.