/biz/ - Business & Finance

Maybe.

Main thing is you do NOT want to watch everyone make a shit ton of money and not be in this market Anon...Get your position fast.

Daily reminder: It takes almost 10hrs to complete a wire transfer in the United States

>>16620197
yup. sign up for as many credit cards as you can and max them all out of crypto. you can't lose.

Just look to Litecoin for your answer.

>>16620197
>The hashrate for BTC is literally being slashed in half
no, its the reward that is halving
>Wouldn't this realistically mean the price is going to go up drastically?
not necessarily, but im betting on it

this means less BTCs will be sold from mineres, making the btc more scarce, but mining feels will rise making the coin even less usable, unless miners sell their rewards for more and more wich increases the btc value

>>16620333
mining feels = mining fees **

>>16620197
Yes. The halving is a forcing function on supply reduction, without a corresponding forcing function on demand reduction.

>>16620197
>The hashrate for BTC is literally being slashed in half
no you are retarded sorry

>>16620197
GBR is scheduled for the 19 months following next May, not 7 months

>>16620197
>guaranteed bullrun
Thanks just sold 100k

>>16620248
It takes almost 10hrs to transact with BTC when people are actually using it.

>>16620197
Yup the hash rate go big time half half and then pee pee China go boom boom bang bang supply poo shit bang bang wwwwwwwwwwwwwwwr ate hamburger big time big time big time

>>16620511
I can’t wait that long. God. Fuck this gay earth

>>16620511
what is GBR and what does it have to do with this thread?

>>16620545
Golden Bull Run, my new fren. It’s when the price goes up drastically per your OP

>>16620511
2022 is so fucking far away, literally statistically likely that some anons here today will die before then

Is the halvening meaning btc price drops in half? So I should wait for that to all in?

>>16621121
No it's when the tx fees drop in half, so more people are incentivized to use it for it's lower transaction cost.

>>16621121
>>16621147
DYOR it's when reward for miners is halved.
Nothing to do directly with price or tx fees.

>>16620197
The halving is already priced in and bulls dont realize this. Once all these idiots figure out that the halving won't pump their bags like the previous times, the price is going to crash. We are going down to 1k or lower in May or June.

>>16621170

This is an example of always do the opposite of what biz says

>>16621163
>>16621170
fucking kek, this kills the bear

>>16621181
You are a prime example of dumb money.

>>16621121
>>16621147
You're both idiots, it's when half of all BTC wallets are "staked" and have their balances set to 0.

>>16620328
This is the only right answer. Litecoin failed miserably to pump after the halvening so it raised a huge red flag for all cryptos, especially btc.

>>16621188

You're the same person who called the recent dump to 6400 a landslide all the way to 1000. Wishful thinking won't cash in your shorts you armchair crypto speculator

>>16621157
You are my dyor nigger

Do you think dumb money will flock to bitcoin in a recession?
Bitcoin is a extremely risky asset.

>>16621236
You tell me
https://youtu.be/smwY073pgkQ

>>16620197
Is this post bait or do you actually not understand what you're saying?

>>16621236
Now that the chinks can 51% at will I wouldn’t touch that shit with a 10 foot pole and I’m as dumb as they come

>>16620328
>>16621196
You forgot one thing: it's fucking Litecoin

>>16621263
Chinese aren't that stupid, nobody would ever trust them for anything ever again if they did that shit.

>>16621273
>implying anyone trusts them now
And I thought I was the dumbest person on this board

>>16621296
My point is that it would erode their trustworthiness ever further and they can't afford that shit, not while they're still in stealth-mode.

>>16621205
Please take a picture of your suicide when we hit 1k.

>>16621323
How are they in stealth mode? It’s pretty easy to look up hash distributions

>>16620528
Last time the price reach around the previous ATH near the halvening. Which means maybe BTC reaches $20k by next May, so still some gains to be made if true

>>16621365
Everyone is going to be selling a the next halving because all you retards think its going to pump.

>>16621602
Nah the reddit meme of 100k/1m BTC will.keep people hodling past the top

>>16620197
Recap of Price Action in the 6mos pre-halving;
Jan 9, 2016 - $447 (6 months prior to halving)
Feb 9, 2016 - $376 (5 months prior to halving)
Mar 9, 2016 - $414 (4 months prior to halving)
Apr 9, 2016 - $419 (3 mos prior)
May 9, 2016 - $460 (2 mos prior)
Jun 9, 2016 - $574 (1 mos prior) (pre-halving high of $764)
- Jul 9, 2016 - $650 - HALVING
2016 - Low of $364 (compared to 2020 low of $6,605 (Dec 17, 2019))
2016 - High of $764 (~2x the bottom)
Day of halving = 178% increase vs. bottom.

Post-Halving Price Action
Post-halving low: $547 (Aug 2)
3 months after: $616 (Oct 9, 2016)
6 months after: $902 (Jan 9, 2017)
9 months after: $1,171 (Apr 9, 2017)
12mos: $2,585 (Jul 9, 2019)
15mos: $4,584 (Oct 9, 2019)
Post-halving high: $19,800 (Dec 17, 2017)

2020 Halving Price Action (Actual + Projections (w/ *))
$8,148 (Nov 20, 2019)
$7,150 (Dec 20, 2019) (projected = $6,853)
$7,546* (Jan 20, 2020)
$7,637* (Feb 20, 2020)
$8,384* (Mar 20, 2020)
$10,462* (Apr 20, 2020)
$11,848* (May 20, 2020)
$11,228* (Aug 20, 2020) - 3mos post-halving
$16,441* (Nov 20, 2020) - 6mos post-halving
$31,188* (Feb 20, 2021) - 9mos post
$47,119* (May 20, 2021) - 1 year post-halving
$83,558* (Aug 20, 2021) - 15mos post
$360,918* Post-halving high projection (based on Dec 17, 2017)

Narrative We are fairly closely following 2016 so far. Relative to the relevant prior all-time high ($1,151 for 2016 and $19,800 for 2020) the starting price in 2016 ($447) was relatively close to the starting price for the 2020 halving (Starting price for 2020 halving was $8,148 (price 6mos prior to May 20, 2020) - scaled up $447 is equivalent to $7,689.

And we're seeing a dip similar in magnitude to what we say 4-6mos prior to the 2016 halving. If this continues to play out, we'll have a a couple months ranging around $7-8k. And a speculative bump as we near May. and then a pullback.

from >>16620970

>>16620197
>>16621674

It's really post-halving where we have the potential for the supply impact to increase the probability of a moon run.

Once we're past the halving (May 2020) we enter a zone where we could moon at any time. The supply shock provided by the halving provides us with the equivalent of a powder keg waiting around for a spark - who knows exactly when (or if) the spark will happen. Or what the spark will be. If I were guessing I'd say we're more prone to mooning now, than ever before. The world is already familiar with bitcoin, financial talking heads are fluent enough to engage in real discussion and there's a firmly entrenched narrative of digital gold that answers the use case question.

Beyond that, we've got more onramps than ever. Institutional FOMO is my wettest wet dream. But, let's not get ahead of ourselves. Now is the time to accumulate for long-term capital gains treatment. Now is the time to be patient. Or, if you're a short term trader, play chop here, but also understand how past cycles might repeat

from >>16620975

>>16621674
This post is exactly why the halving wont pump the market. When all the dumb money expects something it does the opposite. Get ready for new lows in 2020.

You dumb niggers won’t know what happened when XRP takes #1 position in market cap.

>>16621793
Smart money and whales will pump it.
This shit is the only asset cotization than can be manipulated without being earned by law.

They will create the fomo. People's greed is insane, and they will pump this shit till new highs, while new generations will buy the news and the memes.
They will create

>>16621793
Smart money and whales will pump it.
This shit is the only asset cotization than can be manipulated without being harned by law.

They will create the fomo. People's greed is insane, and they will pump this shit till new highs, while new generations will buy the news and the memes.
They will create

>>16623178
This. It's especially true because crypto will be used more often in the future and you're already seeing it in normie areas (Coinstar machines, the Cash App). We'll reach ATH before BTC's next bear market above $14k

>>16620197

lol no. it does mean apart from tether speculation on so-called exchanges it has zero use.

>>16620524
it takes 10 minutes always, for anyone, who isn't a broke bitch.

>>16623178
this is what im betting on: even if its an unusable money with many design flaws its still volatile enough and unregulated enough for whales to manipulate
yes, its a bubble, but whales wont let it pop
t. whale rider

>2 halvings ago, BTC rose 80 times
>last halving, BTC rose 4 times
>this halving...