Hey there, no need to panic! Last year, the drop was much higher at 73%, but currently, it's only around 5-10%. There's still plenty of time before it goes down significantly.
Here's what I suggest: Withdraw your money and switch it to USDT or any stable coin. Hold onto it until it drops by about 80% (estimated), because in 2020, it went down by 73%. Just stick with block 12.5 and remain calm. ๐ฅ๐๐ฅ๐ฅ
Now, let's take a look at the Bitcoin halving dates:
- 2012 Bitcoin Halving:
- Previous block reward: 50 BTC
- New block reward: 25 BTC
- Price on halving day: $12.35
- Price 150 days later: $127.00
- Price local top before halving: $16.5
- Drop from highest to halving: -56.69%
- Highest Price on this cycle: $1,144
- Days from halving to ATH: 370
- 2016 Bitcoin Halving:
- Previous block reward: 25 BTC
- New block reward: 12.5 BTC
- Price on halving day: $650.53
- Price 150 days later: $758.81
- Price local top before halving: $791
- Drop from highest to halving: -40%
- Highest Price on this cycle: $20,114
- Days from halving to ATH: 505
- 2020 Bitcoin Halving:
- Previous block reward: 12.5 BTC
- New block reward: 6.25 BTC
- Price on halving day: $8,821.42
- Price 150 days later: $10,943.00
- Price local top before halving: $13,923
- Drop from highest to halving: -72.16%
- Highest Price on this cycle: $69,000
- Days from halving to ATH: 554
Take a deep breath, my friend! ๐๐โญ
