I agree that perspective is definitely the case but that becomes a bit individualistic when you look at it. Just because bitcoin losing 2% is a big amount in GDP for Italy, doesn't mean that it is for UK, and just because 2% is bad for you, doesn't mean it is for me.
The 2% was not used as a comparison between two subjects at the same rate, it was a comparison of what 2% would mean now versus what 86% meant then, the income of a successful restaurant versus half of the GDP of a country. It's not 2% vs 2% .
Well I guess we'll agree to disagree then!
Not a bad deal, I've been in way too many discussions in which I couldn't even reach this point, the other poster not allowing me even to have a different opinion.
Either that or it's a massive coincidence that each time the inflation drops in half that price ends up in a bull market... which sure, why not, it could be. But otherwise with 50% less supply available to sell from miners, it's obvious to see why with a stable demand price would increase. It should only be by 2x logically speaking, but obvious Bitcoin's price movements aren't always very logical.
Or it's not a coincidence and it's triggered by the belief that the
BTC will go up, with users buying in and thus themselves self-fulfilling their prophecies. If you have a ton user and hey all claim that when the halving will happen the price will go up and everybody expects that and is not selling then you have the perfect market conditions for a bull-run, but it's again created by beliefs nothing else.
And sure I don't deny that you could be right here, ie speculating that the scare of a recession was over that Bitcoin rebounded. But personally, I don't think that fear has really gone away yet.\
Well, this one we will see it now since I'm looking at WTI hitting $67, so let's see where it goes. Banks being bailed out was really a bumper here, a failure in doing so would have propelled
BTC even with a recession incoming, so, uncharted territory here, I wouldn't be surprised to wake up at 20k or 40k and just raise an eyebrow with 10k more in each direction.