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/biz/ - Business & Finance

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57429648 No.57429648 [Reply] [Original]

50K next friday

>> No.57429769

>>57429648
Nah, too soon. We will reach in Feb, though

>> No.57429827
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57429827

>>57429648
I wonder what the halving will do to BTCs price

>> No.57429830

>>57429648
haircomb will make faggots of us all

>> No.57429831

>>57429827
what specifically makes a halving have impact on price?

>> No.57429855
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57429855

>>57429831
I dunno, that’s why im asking

>> No.57429944

>>57429827
>>57429831
>>57429855
Is this bait or are you newfags? I can’t tell anymore

>> No.57429954
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57429954

>>57429944

>> No.57429988

Who is this?

>> No.57430002

>>57429944
The purple id one posts based picrels at least

>> No.57430025
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57430025

>>57430002

>> No.57430037

>>57429944
I've asked a lot but I always get non-answers like this like no one actually knows but regurgitates buzzwords

>> No.57430148

>>57429831
>>57430037
Alright I’ll try my best to help you. Basically the guys that produce Bitcoin (miners) at the moment get 6.25 BTC everytime they confirm a block of transactions as authentic. Those miners need to sell some of those rewards on the market to make a profit and keep things going. At the moment there’s a balance in the market of people wanting to buy and sell based off this. Soon, when the halving happens you get what’s called a “supply shock” which essentially means there’s less BTC available to buy because those miners will only get 3.125 BTC as a reward. So in economics when you have the same amount of demand but less supply, as what remains gets taken off the market over time the price will go up. Based off this I recommend understanding supply and demand basics before going further.

>> No.57430201

>>57430148
I like to believe this but there's plenty of btc being traded daily. At this point, I'm starting to see it as simply a psychological phenomenon humans can't resist.

>> No.57430217

>>57430201
Last halving we saw a significant amount miner capitulation as well which I believe is a big factor in this process.

>> No.57430240
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57430240

>>57430148
what about this

>> No.57430315

>>57430201
BlackRock wants all of it. There’s simply not enough