Welcome to BitBoy Crypto!
My name is Ben.
Today, I want to talk to you guys about the Bitcoin halving cycles
and what this means for the accumulation of crypto.
First of all, if you're buying crypto right now,
congratulations.
We may go down a little bit,
but you're coming in at a great time.
This is a message I really want to hammer home this time.
Because in the last cycle in 2019,
which would be the equivalent of where we are here because it's a 4-year cycle,
you know,
I didn't have as much confidence that everybody was going to get rich.
I thought everybody was going to get rich!
But now I've got all the confidence in the world of where we're at in this cycle.
And in 2019,
whenever I hear someone talk about this that were watching my channel in 2019,
I know a couple of things automatically.
I know, No. 1, they're an OG.
And, No. 2, I know that they've done very well if they managed their assets well
and they didn't sell or lose all their money leverage trading or ride it back to zero.
People in 2019 that bought crypto, like, the prices are still up from 2019.
Cardano was at 5¢.
I always like to use Cardano as a good example
because, to me, it's such a good indicator of where the market is.
If you bought Cardano in 2019,
you were buying it in between 2¢ and 5¢ most likely.
Maybe 1¢ even.
Price, even after a large dip, bottomed out at 20¢.
So you still 4X'ed your money.
It's not a 4X joke.
But you did. You made four times your money.
Even today, when it bottomed,
and I don't know, I think Cardano right now is around 40¢ or so,
so an 8X.
So it's very important to accumulate crypto during this stage.
You need to be looking at what coins you want to buy,
looking at, you know, where the price of Bitcoin is going.
And why do we know that?
It's based on the Bitcoin 4-year cycle.
Let's talk about the Bitcoin 4-year cycle.
It's based off of one very important date,
which is going to be the day of the Bitcoin halving.
Now, the Bitcoin halving doesn't mean you cut two Bitcoin in ha-- a Bitcoin into two pieces.
Not what it means.
It means that the miners that are mining Bitcoin on the network
when the halving date occurs,
they are now receiving literally half the amount of Bitcoin that they're receiving before
for the same amount of work and effort in the world of mining.
So that's a giant supply shock to the miners.
I mean, imagine if it's your job, okay?
And your job, all of a sudden, one day, they say,
"We're going to cut your salary in half. Your rewards are going to be cut in half."
You'd be like, "What the heck? What do I do? How do I make money?"
You're going to have a supply shock.
You're going to have a price-- a salary shock, if you will.
And really, that's what's happening.
So it causes all kinds of other things to occur.
It causes the miners to capitulate.
It means miners are, you know, really pumping those machines right as you head into the halving.
Now, when does this date occur?
We say every four years because it's approximately every four years,
but in reality, it's not every four years.
In reality, it's every 210,000 blocks,
which works out usually to sometime around three years and 10 months,
three years, 11 months.
So, generally, what happens when those 210,000 blocks for Bitcoin occur?
The miner rewards get cut in half.
The miners do some crazy stuff---
capitulate, buy new equipment, sell off, whatever the case may be.
And then about three months after that halving,
the price starts going up parabolically.
And we've seen it cycle after cycle after cycle.
In general,
the way that this 4-year cycle works is that leading up to the halving,
you'll get a large pump,
and then you'll get--
after the halving, the price goes down a little bit.
Then it goes sideways for about three months.
Then it goes parabolic.
It will go parabolic all the way to the top of the market.
So top of the market, like, for instance, in 2021, was in November of 2021.
And then the price dropped for a full year until the next November.
Exactly one year of dramatic falling action.
After that falling action has occurred,
which would have been November of 2022 at this point, okay?
November 2022 at this point,
at that point, the price starts slowly moving up.
So in 2019--
if we went through the same thing this year that we went through in 2019,
what do we expect the price to do?
Well, we expect the price to go up
at some point this year pretty dramatically,
maybe the $50K even,
and then pull back to about $25,000.
That's what we saw in 2019.
It went all the way up to $14,000,
pulled all the way back down to $6K to $7K.
So that's kind of what we're generally expecting.
It's very important that right now,
you are looking to accumulate coins during this time.
Because as you're accumulating altcoins and accumulating more Bitcoin,
this will pay off down the road very significantly
if we continue to see the 4-year cycle play out the way that we expect it to.
This means we should probably be hitting all-time highs at the end of 2024.
Now, at the end of 2023, as we're heading into the halving,
which will probably be between March and April of next year,
we'll probably see the price start to move up as well.
So one way you can kind of play this is when these price pumps go up,
take profits and then re-accumulate on these dips,
Guys, Bitcoin does not go up forever.
It has gigantic drops in price.
That's why we love it.
I know you sit there, "What do you mean?"
Well, that means you're able to take advantage of these cycles
and you're able to accumulate at these bottoms,
sell profits at the tops,
and then re-accumulate again at lower prices.
We all wish we would have sold the top in 2021.
I know that for sure.
So that was your crash course on Bitcoin,
the 4-year cycles.
How would you be handling things right now?
And let me know down below if you got any comments.
We'd love to hear what your strategy is.
That's all I got.
Be blessed.
BitBoy out.