Post
Topic
Board Bitcoin Discussion
Re: My greatest fear about Bitcoin Halving.
by
Synchronice
on 02/02/2023, 12:30:33 UTC
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
If the new halving comes and goes without any kind of bull run, it either means that electricity prices are going down and USD is strengthening or bitcoin lost the dominance. Neither is going to happen, instead, electricity price will go up and USD may weaken, plus, cryptocurrencies are gaining priority in terms of trust over dollar among nations too.
So, logically, it should go up and there will be no panic. The growth rate won't be as high as before and I hope that won't really cause panic because it's already pretty damn huge and we can't expect 10 or 100 times more growth as we have seen before, this way the next halving will be different.