Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Halving effect
by
Lucius
on 25/01/2024, 16:27:52 UTC
~snip~
If we look back at each time Bitcoin Halving took place in the past (November2012,July2016 and May2020) We have seen tremendous growth in prices due to supply shock.


However, I would like to point out that you may have forgotten one very important fact that changes with each subsequent halving - and this is because the first era of mining "produced" as much as 50 BTC, and the current one only 6.25 BTC (about 900 BTC per day) which will be reduced by another 50% with the next halving.

That "supply shock" you mention is not something that can have an impact like before, because the 450 BTC that the miners will "produce" will not cause any shocks on the market where we already have 19+ million BTC.

I think anyone who truly believes in Bitcoins future could not ask for a better timing to invest into it right now.

Recently, a member claimed the same thing as you, with the difference that he even mentioned the halving date (which can't be precisely determined anyway) as the best date to buy BTC - but I wonder again if it wasn't better to buy BTC when the price touched the bottom and was under $20 000?

Of course, those who invest only for profit and want to "double their earnings" as quickly as possible have reason to be optimistic - but if they had thought differently based on past events, they could have already earned at least 300% on their investment.