What is the reason for the delayed increase in Bitcoin's price after halvings?
So I understand the idea that halving's are generally good for Bitcoin's price, it's like if we cut out half of the new supply of gold it would obviously become more scarce and valuable. But why after the first two halving's did the major price boom occur the year after the halving instead of right away? Sorry if this is a noob question
Good news for bitcoin will not cause a massive pump. The only reason bitcoin will start to rapidly increase in price will be another large pump n dump like in December.
Bitcoin’s price is solely due to when the whales decide they can make the most money out of a pump and dump. Bitcoin will not reach ATH until they decide to pump it. The whole market is in the hands of a few people. We have not reached despair stage yet, which will be around 2500.
Lets put to rest once and for all - ASICs weren't the reason for the Bitcoin Price Increase
And won't be any reason for Litecoin price increase. I think, its safe to say that "ASICs have arrived" - and its also safe to say that Litecoin is still pretty much pegged to Bitcoin's price. Sure, its the "biggest alt" by far and all that - its also the oldest. Anyway, the point is - there were so many arguments that "Litecoin price will shoot up once ASICs arrive...." now ASICs are here and the price is the same. So can we please remember this in future...
[uncensored-r/Bitcoin] Reasons why these price increases are NOT a good thing. no FUD, all facts.
The following post by BluntLord is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7ia5w2 The original post's content was as follows:
If bitcoin keeps going up at these rates we are going to see some seriously bad side effects here. you may not believe me, but all of these things are MAJOR issues.
i only have enough room in the garage for 1 lambo. having to park the second lambo on the street is something i'm not comfortable with.
even at the best of times, my productivity at work has some serious holes in it.but recently i've noticed a direct relationship between the price of bitcoin and how much time i spend on reddit/gdax. by my calculations, when we hit 20k i will be spending exactly 61 minutes per hour looking at something crypto related. this is obviously impossible and will break time itself.
The memes. We aren't sure what happens when memes reach a critical mass, we just don't have the technology to determine this yet. so far the best theory modern science can come up with is it forms some kind of meme-black-hole which absorbs any and all memes which happen to cross the event horizon. after all memes haves been crushed into the singularity we will be left with only "is it too late to buy bitcoin" posts.
Accepting bitcoin does two things to help increase bitcoin’s value. When you accept bitcoin, you are keeping bitcoin circulating in the market and not being sold off back to an exchange. You are also increasing bitcoin’s utility by not just using it as a store of value but also using it as a medium of exchange. As more and more people accept bitcoin and want to actually HODL it, they are ... Delphi Digital has published a new quarterly macro outlook highlighting reasons why the bitcoin price will continue to increase in the long-term. Long-term Bitcoin “Hodling” According to the published research, most of the bitcoin selling comes from short-term holders. This trend implies long-term hodling among staunch BTC believers. 0/ The Perfect Storm for Bitcoin is Brewing. Our team ... Though in the months after that, the price of Bitcoin will steadily increase to pass the $15,000 mark. Reason #2: Bitcoins are lost every year . Figure 2: No explanation needed. Another factor ... Thus as the mining cost will increase, the price of bitcoin is likely to increase. In the past, the Bitcoin Halvenings which occurred in 2012 and 2016 both saw a new all-time high in the price of bitcoin and the same is being predicted for 2020 as well. Analysts predict that the price of bitcoin will likely start rising massively at least 6 to 8 months before halvening actually happens ... Bitcoin is recording a further increase in value and updates the highs of the last two months reaching just under $8,500.An event that for the second consecutive time over the last few days sees the bullish movement correlated with the geopolitical tensions that have erupted since January 3rd and that see a strong jump on the part of Bitcoin which, as a result, is driving the entire sector.
Previously, Cointelegraph reported that RT host and financial analyst Max Keiser predicted Bitcoin price to “cruise through” $5,000 in the short term. With t... Bitcoin had one of its biggest one day jumps since 2017 and people are coming up with all kinds of theories as to why bitcoin went up today. Some investors are thinking its bullish for bitcoin in ... Why Bitcoin Price Increase Suddenly? बित्कोइन का दाम अचानक से कैसे बढ़ा ... Bitcoin Price in Different Exchanges - Duration: 5:32. Space ... For more details: MyFinanceTeacher.org FB: https://www.facebook.com/groups/328846917550793 Twitter: [at] MyFinanceTeache Bitcoin price increased a lot in the... Bitcoin price crash: this is the reason cryptocurrency prices are plummeting Express.co.uk recently spoke with Ryan Derks, an investor with years of experience under his belt who now runs his own ...