Quote from: mk4 on Today at 08:09:18 AM

Quote from: Montane on Today at 07:59:44 AM

And i've read that halvings correlate with intense boom and bust cycles that end with bigger prices. Why is that? And what effect does a bitcoin halving have on its price inflation?

Kinda. After halvings, since miners have to sell some of their mined bitcoin for them to be able to pay for the electricity their using, significantly less bitcoin are being sold on exchanges. Hence, having significantly less selling pressure. So after a while, again since far less bitcoin are being sold, this causes bitcoin to rise in price.

Going back to my apples example. The halving is pretty much the storm, which significantly reduces bitcoin(or apples) being created.

Wait don't miners have to do this anyway? Like even before the halving don't they have to sell their bitcoin? So why does this have any effect on bitcoin being sold on exchanges?