Post
Topic
Board Speculation
Re: Satoshi forces the price of bitcoin to continue to rise over time
by
Doan9269
on 12/04/2024, 12:08:37 UTC
Halving is a way for satoshis to force the price of bitcoin to continue to rise over time.

I may not agree with the word forces because bitcoin is a volatile digital cryptocurrency and its not something that is centralized whereby a single entity can decide on whether to increase or decrease the market price or value, he has done his own part and leave the network being sustainable to how we adopt, buy or sell in respect to its demands and supply.

The fewer rewards given to miners will make bitcoins harder to obtain and rarer as time goes by. This is a smart strategy that Satoshi had and I just realized it.

What a nice discovery then, are you now investing or just against the whole process with bitcoin and mining rewards.

The weakness of this strategy is that when Bitcoin fails to reach a high price after the halving until the next halving occurs, this can damage public trust and also harm miners.

How sure are you that bitcoin is not going to reach a new all time high after halving, do you have any proof.