The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market?
Confused here. Please help.
Confused here. Please help.
If there's one thing certain about bitcoin it's the uncertainty of what the price will be given a myriad of factors. A lot of people think the price is higher than it should be right now and just as many people think it should be worth a lot more. So it all depends on how well the current support carries on and how the further development of bitcoin unfolds. There is "A TON" of infrastructure support already in place for bitcoin which gives it a big advantage over other cryptos and that will likely eventually build stability that is inline with it's structure.