Bitcoin Halving Occurring Soon....I Want Your Theories People!!!

2개월 전

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Soooooooo, we are on the immanence of what the 1000th bitcoin halving now? Just kidding. However, by some's calculations the last halving will occur in 2140 & prices will skyrocket as there will be no coins left.

However, we all know what opinions are like.....so, I am not a fan of the 2140 theory being out last halving, I mean.... living in your right mind past 100 years of age does run in my family but 2140 at 32..... stretching it just a bit...... Unless, cryogenics have been acheived, I'll take one please!

Let me not say more until I explain a halving, because some of you might not understand it. I had to learn it in my pre-k crypto class but i realize you all didn't get to go to xmen school. :D

Okay, okay I'll stop!! Halvings (weird word isn't it?) is expected to happen sometime between 5/12/2020 & 5/18/2020. At this time the the mathematics to "solve" a block half from 12.5 to 6.25 bitcoins. This means miners will need to work twice as hard to obtain a black, and time = money so.....

As I am sure you've gathered, this is gonna be tough on the miners until they'll figure it out and Satoshi says, "FU, new equation bitches" and halves it again. (Yet a little more comedic fiction for you. ;)

Essentially, the blocks will be harder to mine and therefore one must wonder how this will effect price. Our last soar took us to nearly 20 grand a coin. Prices even remotely close to that haven't been seen since. Typically, a trend has been noted that it takes around 500 days for a "new low" to occur.

I would like to see us at 10,??? a coin before 5/12, as a "new low.) Not unrealistic considering it hovers at 9 grand as we speak. Going on trend alone, the last two halvings took the coin from its' new low and increased it by ~13,000 & 12,000% consecutively and no, those aren't exact numbers.

Based on that math we all need to be hodling, don't wait a month from now FOMOing. I am getting a weird image of a computer "geek" foaming at the mouth here. Yes, I have a strange sense of humor. Bear, I mean BARE with me. :)

I think we can all realistically make GAINZ. There are many theories out there. Some will tell you wait until 3 months after the halving because that's when it will peak. Scarcity of the coin is what makes it valuable as there will only ever be 21 million of them.

Thoughts? I have to admit, I am putting most of my eggs in the bitcoin basket. Satoshi, you better not let me down bro, wherever you're hiding out in your underground bunker!!

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I really enjoyed reading that, love your sense of humor lol

I do follow your views of bitcoin will go up after the halving event but a correction will happen after the event and then it rally up passing though the line of resistance.

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Thanks for the comment and helpful graph! You give me hope. I am glad someone enjoys my geeky humor. Looks like we see eye to eye on the past trends of it "leveling" out at a point. Enjoy your GAINZ :D

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I totally get your geeky humor... I work in IT :)
At the moment bitcoin is just hovering below 10k, with just under 4 days to go before the halving event. Bitcoin can still go up till then... we wait and see... exciting times ahead!

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Indeed waking up to a dip wasn't fun but i really still think we can see that 10k at halving time. :)

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Ahhh What a dip... Didn't see that coming at all.

We have over a day to go... I hope we see positive price action...

What can I say... all markets are manipulated and always subject to the real workings of the principle of economics. I personally continue to save and stack in precious metals. It is real wealth that one can hold. There is a saying: If you don't hold it, you don't own it. My opinion about cryptos not be valued or even considered valid by others. The great thing is, it is our own and personal hard earned fiat money and we are entitled to do whatever we want with our own money. I do have a diversified portfolio, it is just that my exposure to cryptos is not that substantial compared to other asset classes. I can say is that although Bitcoin is considered a fixed asset, the awesome thing is Bitcoin is divisible therefore the potential for growth is unlimited.
Great article, @chelsea888. Stay safe and take care, my friend 🥰🌺🤙

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I like what you're saying here about if you can't "hold" it, you dont really own it. I've had similar thoughts however at the same time, I have been unintentionally unemployed for about 18 months. It's not been easy. Covid19 has made it harder to Get back in my field but hopefully i can make some GAINZ here pretty soon. When BTC hit 20k back in December 2017, I made 3 grand just from BLOGGING on Steemit so I have a hard time not laughing at people who think it's "lame" or not a "real" currency. Diversity is good though, keep it up. Thanks for comment!

I think the price will dip once the inefficient miners get squeezed out and they sell-off, some will try to absorb the cost for a while, I think if it does dip drastically from miner pressure you'll see people who bought in now sell-off creating a bigger dip and then as the new stock to flow starts to set in over the next 8 - 14 months we'll see it slowly moving up into a new range.

Keep stacking Sats, I know that what I am doing

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That is a concern of mine , the inability to move due up cost and economic issues, COVID19 isn't helping. Thanks for the input. It might be some bitcoin and others we r hodling for a while . Hopefully not until 2140 though

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100% its going to be a bumpy ride, we never had it this bad in ages and we've never had bitcoin during a time like this so its going to be interesting to see how it turns out. I think we need more ways to earn crypto from our labour though, bitcoin earned is a whole lot sweeter than Bitcoin bought

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Yeah it'll be a bit of a shitshow. And i agree about earnings :)