Post
Topic
Board Speculation
Re: How SOON will the BTC rally begin?
by
Chef Ramsay
on 03/05/2015, 15:50:40 UTC
It's too easy and seemingly obvious that everyone has their hearts set on the halving before anything major changes but we all know this market does its own thing regardless. Newer options to bring in higher net worth types can instill new demand which is what drives the price so I'd bet we get a decent rally sometime in the fall and perhaps another mega rally leading up to the halving.
It's a hard mathematical thing with known consequences. After the halving it will cost twice as much in electricity to produce a bitcoin. Prices will go up or the network will weaken, there are no other options. And with all the money flowing in, it seems unlikely it will be allowed to collapse altogether.
I guess what I meant is that I've been seeing so many people mention that the halving will be the salvation from this bear market in and of itself. I'm well aware that coinage will immediately become scarcer by 50% upon the halving but I was insinuating that other tools will becoming into the market that will drive the price bullish prior to and perhaps w/ full knowledge of the upcoming halving.