Post
Topic
Board Bitcoin Discussion
Re: Information About Bitcoin Halving
by
Darker45
on 29/04/2020, 04:01:30 UTC
I hope this next cycle will look similar to the two previous ones but it can also be completely different. It can take much longer or end with the price only barely touching the last ATH and not going farther because the 20 thousand price could have been extremely overbought at its time.

We don't know what the future will bring because there were no fake money printed to buy BTC like USDt in 2013 so the market has evolved drastically.

I'm sharing that hope with you, although I think it is probably hard to repeat because of several factors. For sure, the fact that a lot of people right now might not be able to stock up on Bitcoin because of the current crisis will have its effect. Another factor, of course, is that the previous halvings were times when Bitcoin was way much cheaper. A full BTC at $15 more or less and then at around $600, those were times when it is pretty much easier to buy a few BTC at least. Right now, a full BTC is oftentimes way out of budget. So, this time, it will definitely take a longer time for the price to absorb the reduction of supply.