Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It has an effect, but not immediately. That’s what the past is telling me.
I would consider ~10mn/day from the get go being immediate enough. But that's just me
Past halvings were not as affected due to much lower btc prices. A days worth of mining supply was worth peanuts.
2016 was like 1800 btc down x 650 = just 1mn USD per day. The effect is tenfold right now.
I agree. BTC price is much higher now and supply much lower. We should be able to feel it almost instantly..
