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π This is the first halving era of bitcoin, when its stock on exchanges decreased daily by 641 BTC on average
Bitcoin
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π This is the first halving era of bitcoin, when its stock on exchanges decreased daily by 641 BTC on average
i.redd.it/t9sp6i9um76b1.jpg
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Lykshares
1y Staff
This halving though will only deflate BTC by less than 1% compared to market cap since so much of it has already been mined. It was like what, a 12% deflation compared to market cap the first halving I think? Don't get me wrong, I firmly believe we'll break previous
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ATH's, but I wonder if next year's halving will not impact as much as previous. Really, it's USD's inflation that will skyrocket vs BTC's deflation. Just curious, not bearish or critical, and I wonder why this point isn't coming up in conversations. Feel free to disagree, I just want to learn and I'm not slowing down my DCA...
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Lykshares
1y Staff
People just don't understand how little Bitcoin there are.... Price will skyrocket over the coming years.
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L
Lykshares
1y Staff
So supplies in exchanges goes down, then the halving reduces the introduction of new coins by 50%, so the result is a supply crunch. So if demand for coins remains constant price should go up
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