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Posted: 4/19/2024 8:16:45 PM EDT
[#1]
Quote HistoryOriginally Posted By Mars87: This news is already baked into the price bud. Quote HistoryOriginally Posted By Mars87: Originally Posted By Nosler180: Hope to acquire some more during the halving "sell the news" dip, if there is one. BTC is the best wealth preservation asset to come about in my lifetime and I plan to pass it on to my heirs in hopes of them having fuck you wealth to be able to follow their dreams and not get locked into some thankless job. This news is already baked into the price bud. Nope, demand created current price with etfs buying billions. Hong Kong will have a new etf soon too. If demand stays near the same with supply less it's going much higher |
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Posted: 4/19/2024 8:20:07 PM EDT
[#2]
Are we rich yet?
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VA, USA
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Posted: 4/19/2024 8:44:26 PM EDT
[#3]
Quote HistoryOriginally Posted By woodsie: Nope. The actual date of the halving has never traditionally been all that much of a catalyst. In 2020, we had about a 15% rally in the three days coming after the halving right after dropping about the same amount in the three days prior to the halving but Bitcoin otherwise remained at the same level for the next 2 months and didn't actually "lift off" until 6 months later. 2012 and 2016 had their own nuances but in either case there was no instantaneous rally following the halving event. Yep. Who knows, maybe it is different this time, but looking at the chart of rainbows we see some spikes ~a year after a halving event. |
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Posted: 4/19/2024 9:09:45 PM EDT
[#4]
So it happened and nothing happened lol
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Posted: 4/19/2024 9:19:10 PM EDT
[#5]
Quote HistoryOriginally Posted By Krauss: So it happened and nothing happened lol Well the fees to transfer btc jumped from $12 to $89 tonight. So something happened |
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Posted: 4/19/2024 9:40:04 PM EDT
[#6]
Quote HistoryOriginally Posted By Got_Nukes: Well the fees to transfer btc jumped from $12 to $89 tonight. So something happened Sure did, I checked earlier today to move some btc and it was $6, just checked and it's now showing $130. Guess I won't be moving that btc anytime soon. |
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USA
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Posted: 4/19/2024 9:53:24 PM EDT
[#7]
Wen $276,000 per bitcoin?
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Posted: 4/19/2024 9:59:20 PM EDT
[#8]
Quote HistoryOriginally Posted By dog-meat: Wen $276,000 per bitcoin? Soon. Very soon |
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USA
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Posted: 4/20/2024 10:14:06 AM EDT
[#9]
if you believe that the post-halving blow up is sure to happen 6-12 months post halving, I'm curious to know what you think causes it. what's the mechanism that leads to that delay? hoards of btc sitting with miners that take time to sell? something else?
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Posted: 4/20/2024 10:21:04 AM EDT
[#10]
Quote HistoryOriginally Posted By dog-meat: if you believe that the post-halving blow up is sure to happen 6-12 months post halving, I'm curious to know what you think causes it. what's the mechanism that leads to that delay? hoards of btc sitting with miners that take time to sell? something else? Supply shock. ETFs were buying more than the miners were making. BEFORE the halving. |
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USA
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Posted: 4/20/2024 10:32:56 AM EDT
[#11]
Quote HistoryOriginally Posted By burnka871: Supply shock. ETFs were buying more than the miners were making. BEFORE the halving. why 6-12 months out? why wouldn't it happen immediately? what supply shock? the supply is increasing, just less fast than it used to be. |
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Posted: 4/20/2024 11:38:55 AM EDT
[#12]
Quote HistoryOriginally Posted By dog-meat: if you believe that the post-halving blow up is sure to happen 6-12 months post halving, I'm curious to know what you think causes it. what's the mechanism that leads to that delay? hoards of btc sitting with miners that take time to sell? something else? https://cointelegraph.com/news/bitcoin-miners-dump-5-billion-in-btc-after-halving-10x-research Miners have supply, 5 billion, to dump in the market as price rises, says their break even price is $46,000. I also read somewhere that after the halving it might cost Miners around $80,000 a coin to mine so they may not mine as much until price goes up. Same idea as gold, when gold drops near the cost it takes to get it out of the ground then mining slows until price goes up. |
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Posted: 4/20/2024 11:52:08 AM EDT
[#13]
Quote HistoryOriginally Posted By Mazeman: IMHO, Coinbase puts too much emphasis on the SH*TCOIN casino. Plus they're in bed with Larry Fink. Apps like Strike or Swan are bitcoin-only which, as everybody eventually realizes, is the only thing that counts. Any particular reason I should trust random apps with my SSN? They say "for relevant tax forms," but isn't the point of bitcoin that is supposed to be outside government purview? |
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Posted: 4/20/2024 11:55:22 AM EDT
[Last Edit: nmxdavenn]
[#14]
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FL, USA
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Posted: 4/20/2024 2:32:11 PM EDT
[#15]
6 months from now
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OH, USA
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Posted: 4/20/2024 7:50:58 PM EDT
[#16]
Quote HistoryOriginally Posted By Muerte: 6 months from now Person from the future - 6 months from now did I lose it all or buy a Lambo? |
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