Post
Topic
Board Speculation
Re: Bitcoin halving.
by
The Pharmacist
on 06/02/2020, 14:23:00 UTC
I'm going for two scenarios: Bitcoin will either go through the same cycle it went in 2016 & 2012 or this time would be different.
Well, that covers all the bases pretty much (lol). 

I do hope that we don't see a repeat of the bull market craziness that led up to December 2017, because who knows how long it would take the market to recover from another crash like that.  I certainly would like to see bitcoin have some big gains this year, but exponential price growth, while it might be really fun to participate in, isn't sustainable or good for bitcoin in the long-term. 

Right now the price is creeping up to $10k--or at least it looks like it's doing that--and I think that's much better than if I woke up tomorrow morning and saw preev showing bitcoin with a 5-figure valuation.  True, I might be elated at first but the rational part of my brain would realize that a serious correction would be looming.