Post
Topic
Board Bitcoin Discussion
Re: How is the HALVING working out for you ??? Remember all the predictions ????
by
kryptqnick
on 21/06/2020, 16:31:34 UTC
How is the BitCion Halving working out for everyone ?

Remember all the predictions of BitCoin Skyrocketing in price due to the halving ??  It NEVER HAPPENED.

Cult like " Believers " will never look at broken promises, and failure to perform.  But serious INVESTORS look at things like this, and the failure of the halving to make the price of BitCoin go up will be very much noticed..   For those that thought institutional and other serious money would invest in BitCoin, it is not going to happen.   Just another nail in the coffin of the false promise of BitCoin going to the moon.

PETER SCHIFF was right again... The halving was already priced into the market !   

Hard Facts
Not everyone in the community felt bullish about halving. I didn't, and I wasn't alone. One of the most famous crypto educators Andreas Antonopoulos predicted that 'nothing much' would happen with the price. You can see the thread I created about it here. Bitcoin is not a 'get rich fast' kind of thing, it's a decentralized medium of exchange. So while you're right that people are often too bullish about Bitcoin, it doesn't discredit Bitcoin itself. So while it didn't go to the moon, it did not die either, contrary to hopes and regular predictions made by people who this it's useless. And some such mistakes of Schiff were pointed out by other users.