Bitcoin Finally Restored To 67k+

[Economy 52,900]

4 hours ago, Noah X said:

What do you mean halving event?? 

Ur the one making this hype thread on bitcoin and u dunno?

 

The bitcoin halving (which happens about every 4 years) is largely the reason the bull market started. The next one is around the corner in the middle of April.

 

Miners get rewards cut in half. It restricts supply and forces the price to go higher for system to remain economical.

 

Each time there was a halving a new bull market for bitcoin started around that time. The latest bull run has been in anticipation of it

 

I myself saw that coming and even though im not big in crypto usually... the risk to reward seemed too good because the currency had slipped so much already and a new cycle was near

 

Edit: I will argue tho the increase this time post halving (at least as a percentage) will be much lower than in past cycles. The halving is a well known event now so speculators have largely already priced it in. Additionally the market is too large now to compound growth at the same rate rate because theres a limit of investment capital.

 

In past cycles halving events results in new all time highs of several hundred %... this time i wouldnt be shocked if the all time high only doubled at best

[Noah X 5,250]

2 hours ago, Economy said:

Ur the one making this hype thread on bitcoin and u dunno?

 

The bitcoin halving (which happens about every 4 years) is largely the reason the bull market started. The next one is around the corner in the middle of April.

 

Miners get rewards cut in half. It restricts supply and forces the price to go higher for system to remain economical.

 

Each time there was a halving a new bull market for bitcoin started around that time. The latest bull run has been in anticipation of it

 

I myself saw that coming and even though im not big in crypto usually... the risk to reward seemed too good because the currency had slipped so much already and a new cycle was near

 

Edit: I will argue tho the increase this time post halving (at least as a percentage) will be much lower than in past cycles. The halving is a well known event now so speculators have largely already priced it in. Additionally the market is too large now to compound growth at the same rate rate because theres a limit of investment capital.

 

In past cycles halving events results in new all time highs of several hundred %... this time i wouldnt be shocked if the all time high only doubled at best

Ooo yas. I had to watch a 3 minute YouTube video to understand  I had no idea there are people called miners, I just throw money into it and watch the number go up