Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Every day is one day closer to the halving. One day closer to the next ATH. I've started banking my trading profits in BTC instead of dollars. We'll never see $220 again.
please explain.. what is keeping bitcoin from seeing 220 again ?? what is your idea why that is ?? just the halving is the reason why u think that ??
Think halving is huge and undervalued as no currency out there have done anything like that (minus ALTS). Will we see $220 in the meantime is anyone's guess....
And we kn ow when it is, how much it will be, and what the supply will be after.
Unlike the feds who well, quite frankly, do whatever the fuck they please. Always putting out there "We might do this"...guess what... with bitcoin, there is no might on the supply.
Hence why the argument of it already being priced in somewhat certainly holds water.
It isn't priced in because it is over a year away. There are people arguing for a rally, a fizzle or no effect.
It is undeniably a huge event on the bitcoin calendar because it marks the last time that bitcoin coin inflation can ever be blamed for supply exceeding demand and pushing the price down.
5% inflation is pretty good. But any price shenanigans that go on around that time will be driven by the same heavy speculators driving the price up and down.
In the longer run if demand picks up then the reduced mining supply could lead to price rises. Which would be nice.
