Quote from: Lucius on June 05, 2024, 01:52:32 PM

You are asking a completely meaningless question at a time when most expect an even greater price increase, because if you missed it, it is possible that the conditions are being created for a perfect bull run, which has already received a great boost from spot ETFs (US), and we have not yet seen the effects of the halving.

In such an environment, the bears are almost helpless, although they are trying all the time to keep the price below $70k, and they have even seriously knocked it down to $56k. The dominance of the bears will have to wait, and in my opinion it will not happen (under normal conditions) for at least another year and probably a little more than that.

I think I need to be more concrete. It's definitely not a time for a full bear market because halving happened a month ago and at least for a year, the bull market is guaranteed but isn't this rise unusual? Since November 21, 2022, Bitcoin's price has been going up and up from 15K. What triggered it? It went up from 15.5K to 73.7K and there hasn't been a single moment of a significant struggle for Bitcoin's price since that day.

Quote from: philipma1957 on June 05, 2024, 02:44:09 PM

btw I would argue this is not a bullrun for mining ⛏️ so we are nowhere close to a full on bull run.

Are miners at a loss when they mine today? I think that halving can't trigger a bull run the way it triggered in past because today you get compensated by ordinal spammers that pay more than a sane person can imagine. They paid a 30 BTC fee in halving block if I remember correctly.

In the past halving triggered bull run because block reward value got half and miners couldn't profit by mining but today ordinals compensate that loss. Am I wrong?