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50901765 No.50901765 [Reply] [Original]

If 19M Bitcoin out of 21M have already been mined, then won't each halving have less and less effect on price? Who cares if the block reward drops from 3.15 to 1.56? If 90% of all BTC has already been mined, then the supply shock has already been had. That would explain why the early fags had such tremendous gains while the last cycle sucked for newfags. Thoughts?

>> No.50901781

>>50901765
SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP SELL RETARDS ITS GONNA FUCKING DUMP

>> No.50902302

>>50901765
technology grows at an exponential rate

>> No.50902851

>>50901765
Yes. That's why the rainbow btc chart shows decreasing log returns.

But note that it is the interest differential (or supply differential) to the numeraire currency in which you quote the price that determines its equilibrium growth rate. So even if btc doesn't increase its future supply, it will still appreciate as the USD money base increases.