/biz/ - Business & Finance

>>14318156
How do I make money from fuck prostitute?

>>14318156
because the price of btc goes up. are you new?

>>14318156
Because BTC becomes more valuable.

>>14318177
i know this concept is easy to parrot, but what is the exact mechanism that ensures that the price "goes up?"

>>14318186
The halvening itself... jesus anon

>>14318186
There are half as many being sold by miners, because the reward is halved. The supply is reduced. Is this bait?

>>14318186
Supply and demand. Less supply, or less miners, means more demand. Demand shifts right, price moves up.

>>14318186
Less Bitcoin to cover costs = higher priced Bitcoin

>>14318186
HODL bro, you never heard of it?

>>14318236
>>14318231
>>14318226

this doesn't explain why the price would shoot to 100k or above. what's stopping BTC from staying at 10k and doubling to 20k during the halving and that's all? why are the logchart memes supposed to be accurate?

>>14318186
Nothing technically. Market forces theoretically.

>>14318268
Halving doesn't halve the current supply so there's no reason for the price to double right after it.
Truthfully, nobody really knows why bitcoin is valuable. It's valuable because people believe it is which is the same as all fiat currencies and most metals.

>>14318177
/thread
OP is fucking retarded

>>14318268
You know the world is increasing exponentially interest for BTC, right? Since almost nobody is willing to sell, this means the remaining BTC will be sold way higher than current prices.

>>14318268
don't listen to anons they are fucking retarded. Bitcoin has inflation through rewards, but they are small and the rewards diminish over time.
The halving of the rewards has almost no effect in the short term. There are only 1800 Bitcoin mined per day, which is 0.00001% of the supply. In a year only .00365% of the supply is increased
The only reason price would go up is more people buying, due to psychology and generally being retarded

>>14318268
>what's stopping BTC from staying at 10k and doubling to 20k during the halving and that's all?
FOMO

>>14319093
so basically, every logarithmic "BTC prediction chart" is a meme.

>>14318156
I see you are a smart dude so i am going to give one of the biggest crypto redpills.

Proof of work causes the price to rise (meaning miners use hashing power and electricity to get coins).
Every block has 12,5 bitcoins mined that willbe decreased to 6.25 next year as it happens every 4 years.

Now here is the ultimate crypto redpill , miners don't earn usd , euros , pesos , or gold , they earn BITCOINS.

And here is the ultimate redpill they earn bitcoins and sell above the electric cost.
So what happens when the halving reduces ALL miners income from 12,5 per block to 6,25.

They all refuse to sell at the previous market rate , they are using the same electricity(payed in fiat) , and they sell

bitcoins for fiat.
But all of the sudden they earn half of the bitcoins they did a day before.

This is what causes the bubbles , for some months miners refuse to sell , they preffer to keep them or simply stop

mining , and this causes a scarcity of bitcoin in the market for those using it for wires and the price increases.

Now you would say this is not necesary the case because people may not use it for wires.

Since people use bitcoin it to bypass retarded controls or simple tyrany like in Venezuela and it's a closed system.


for example let´s say that britbongistan ask loisences to send money.

So you do

100 GBP > 1 BTC > 90 USD

notices the last part 1 BTC > 90 USD

When you do that movement you sell the btc to someone doing the same in reverse.
So there is a constant demand of scarce btc to do international transactions.

After the halving the ammount of btc created per year is reduced by half.

So now you do

100 GBP > 0.5 BTC > 90 USD

all that changed is that you now use less btc for the same transaction due to them being rarer.

This causes a massive price rise every 4 years.

If you understand the game theory that i have just showed you will be mind blown.

>>14319641
ty anon.

>>14318156
yes, and the only reasoning for the "halving" pumps is that miners need the cost of BTC to be higher for them to cover the costs of lower rewards

>>14319760
No problem fren.