Post
Topic
Board Bitcoin Discussion
Topic OP
Why buying bitcoin in 2024 is profitable
by
Lord b
on 18/01/2024, 11:06:31 UTC
As most of us are aware this year is another halving cycle,with all the speculations surrounding this topic,here are a few things to bear in mind while making a decision on if and when to invest

Halving cuts miners reward in half which means it is less profitable to some miners and they might not venture into mining which in turn means less mining and or btc scarcity which forces the price to go up

Halving also serves as a control measure against inflation in the ecosystem thereby ensuring that the coin remains stable and valuable overtime

Historically,halving plays a significant role in the price action of bitcoin although past experiences isn't really a clear indicator for future events yet it is important to note that in the months and weeks surrounding every halving cycle,there's always been a positive trend in the market which is a strong indicator that halving most likely will lead to a bullish market