It seems that people are now getting used to Bitcoin market behaviour, now people are understanding that Bitcoin cycle is 4 years. Imagine if the FTX collapse happen in 2017, I believe the impact will be more drastical compare to today, now I can boldly say that Bitcoin has now recovered all it's losses since the FTX collapsed, is this safe to say?
I never expected the fast recovery that's why I said the world is finally understanding why Bitcoin is a necessity in every one's life, am I saying too much? Or you think I am right?
The more people begin to believe in the existence of a 4-year Bitcoin cycle, the more likely it is that this rule will not work in the future. Yes, there is such a thing as a halving...
The significance of the halving is that it reduces bitcoin inflation.
However, each subsequent contraction is less significant for Bitcoin than the previous one. This is due to the fact that the miners have already mined most of the coins. Therefore, we are not entirely sure when exactly the Bitcoin bear market will end and its bull market will begin.
It is also very difficult to objectively assess the impact of the collapse of the FTX cryptocurrency exchange on the dynamics of the price of bitcoin.