Navigating btc post halving

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Bitcoin halving is an event that everyone on the cryptocurrency space eagerly anticipate, it's a much anticipated event especially for investors but maybe not so much so for miners as they see their rewards cut in half in this time so it's understandable that for some it may not be an event they look forward to but generally it's something that happens every four years.

The Bitcoin halving event is looked on especially because of the impact in bitcoins price so the halving event do have significant impact on price of Bitcoin and cryptocurrency in general.

Today I will be writing on guide to navigating Bitcoin post-halving;

Guide on navigating btc post halving

First of it's really important to know what impact the halving event have on price, the halving of Bitcoin have significant impact on Bitcoin especially on the concept of supply and demand, Bitcoin halving greatly reduces it supply and this reduction in supply often leads to rush from people to buy to get a chance to earn the scarce asset and the increase in demand coupled with the supply shock leads to significant impact on the price of Bitcoin.

For instance we have seen from past how halving impact Bitcoin prices on a positive note like in the previous 3 halving before the one that recently occured this year so we are hoping it repeats also not forgetting that there are often periods of extreme volatility both in the up and down sides, it's important that we know this.

Also another thing that's useful as a guide in navigating Bitcoin post halving is understanding market sentiments and have good technical analysis skill, using price chart of Bitcoin we can study the likely projection of Bitcoin and the likely direction it's going to take weather up or down in the immediate short term as most times before a move happens the chart would already have indicated the likelihood of it's happening before hand that's why it's important to have good TA skills to navigate btc post halving.

Also apart from market analysis is also vital to know how to carry out proper fundamental analysis, it's good we understand what the economic indicators are saying because this things also contribute in influencing Bitcoin prices so we need to study this and try staying updated on some regulatory news and any further the general condition of the market as this would really help us know to navigate our way around Bitcoin.

And as we do this we must also understand the value of having a proper and good investment strategy that's often the key to remaining profitable on the long term in this space, know what your strategy is.

Some are hodlers and stay in the market despite the short term volatility because they believe on the long term progress of the coin some prefer to dollar cost average in while they are investing, that's putting a fixed amount of money at regular intervals and the goal is to try to manage risk properly amidst the extremely volatile market while we do this is also important we understand the important of portfolio diversification.

Whether we are hodlers or we dollar cost average in or we love to spread our funds across asset it's important we develop a proper risk management and emotional discipline as the market will often make us question our believe most times.

So in all I believe having a proper investment strategy is a good way to navigate btc post halving.

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As we do these it's important to know also that it's important to have a good source of news on regular happening as it concerns Bitcoin, if there is any technological advancement or news regarding any new change in regulations on Bitcoin and any trends in the market because most times the general trend of the financial market may tend to impact Bitcoin prices so it's good to always stay informed at all times this is a useful guide in navigating Bitcoin post halving.

It also doesn't hurt to engage with the general Bitcoin community, active engagement would help us know things that we were not made privy to as it concerns Bitcoin, there is always something to learn because interaction with other Bitcoin enthusiast is a good way to stay informed and updated.

Conclusion

So personally I think that this is some of the things we need to stay guided and hopefully help us navigate Bitcoin after the halving and not be needlessly discouraged by recent market events, history has shown that things would soon take a positive turn so in that we hope hopefully from from Q4.