/biz/ - Business & Finance

[Anonymous No.56030578]

What do ya'll think? Are Halvenings actually a nothingburger?

[Anonymous No.56030589]

Where do you think the liquidity comes from. Let alone where do you think the demand comes from to make your line go up, and stay up in the respective unit of account. Austrians and Marxists, one stupider than the other

[Anonymous No.56030591]

halvenings are just newsfodder, the rate of coins entering from blocks is a negligible rate at current value

[Anonymous No.56030605]

>>56030578
I'm tired of this shit. Put a bet and your money on betting sites to prove your "fact". Otherwise, what you said is just nothingburger.

[Anonymous No.56030607]

>>56030578
I love the inevitable pre-halving “ackshually halvings are a nothingburger” narrative. As long as people keep saying this we can keep enjoying post-halving bull runs. The moment everyone catches on to the halving narrative and anticipates it is the moment we stop pumping.

[Anonymous No.56030612]

it's just gambling. Call it what it is.

[Anonymous No.56030613]

>>56030607
Is that we in the room with you know?

[Anonymous No.56030620]

>>56030578
>retards find meaning in reading tea leaves
>it's just coincidence
many such cases!

[Anonymous No.56030659]

So what you're saying is... BTC is going to PUMP

[Anonymous No.56030692]

where did he get this retarded chart from

https://www.yardeni.com/pub/gms.pdf

[Anonymous No.56030694]

>>56030578
>checks 2020 pre halving average price
>checks price today
>understands supply/demand
It doesn't take much to know that the halving does have a direct impact on the price of bitcoin

[Anonymous No.56030734]

>>56030694
>check LTC price right before its most recent halving
>checks price today
>inb4 bitcoin is special
Well yeah bitcoin is in a league above litecoin for many reasons which caused its price to go up, while litecoin being shit cause its price to go down. The halving itself did nothing to make bitcoin go up, else litecoin's halving would have made it go up too.

[Anonymous No.56030922]

>>56030613
Are u having a stroke mein freund

[Anonymous No.56030956]

Obviously the halving isn't going to have the same impact as earlier ones and there won't be some enormous bullrun in this monetary environment. But to think it won't have an impact on price is idiotic.

[Anonymous No.56031002]

>>56030922
No tell me who is that we you are trying to summon. Is it you and a bunch of drooling ponzi players,

[Anonymous No.56031056]

>>56030734
Normies and old money boomers don't care about Litecoin. When you think of crypto, your default thought is Bitcoin, not Litecoin. That's why.

[Anonymous No.56031090]

>>56031056
They don't care about any crapto. The biggest fool run was last cycle, with pension funds and venture capitalist getting scammed with l1 shit and dog baggies

[Anonymous No.56031110]

>>56030578
it will cut your investment in half or more.

[Anonymous No.56031136]

>>56031056
So you admit that bitcoin's halving did not make it go up in price. It's the fact that bitcoin is a household name (among other reasons) that made it go up in price.

[Anonymous No.56031263]

>tfw you realise bitcoin never experienced a recession and will see 3k BTC and $400 ETH

[Anonymous No.56031508]

>>56031263
Stagflation, that is likely going to end in deflationary deathspiral due to a zombie economy dependent on cheap loans and public subsidies. Don't go to college now, don't buy real estate now, don't gamble on equities, commodities or other pyramid scheme ponzis. Get a trade job

[Anonymous No.56031621]

>>56030578
Your picrel is correct. Demand is the primary driver of the price and excess liquidity in the markets increases demand for bitcorns. Supply is another factor but the halvenings don't reduce the supply, just the growth rate of the supply. What the halvening does do though is force miners to sell their block rewards at higher prices or else they go bankrupt, since their yields per unit energy decrease by half over night. The question is whether anyone will buy it at that price, which brings us back to demand.

[Anonymous No.56031668]

>>56030578
its true cause liquidity drives markets

[Anonymous No.56031771]

>>56031621
Good to see that there are still some classic economist left on /biz/. Sometimes I think it's only Austrians and Marxists, with dome mmt junkies giving each other the hand here

[Anonymous No.56031804]

>>56030589
You've never read Mises or Rothbard.

[Anonymous No.56031812]

>>56031136
Bitcoin halvings make price go up because there is literally 100s of billions in mining equipment that is owned by multi billion dollar companies and if rewards are halved then the price of Btc literally has to go up to make mining profitable, if mining isn’t profitable then their multibillion dollar Btc mining operations are worthless.

So whales will always find ways to manipulate the price so that mining is always profitable

[Anonymous No.56031826]

>>56031771
Austrians have supply and demand at yhe very foundation of everything.
You have NEVER read Mises.

[Anonymous No.56032140]

>>56031812
Litecoin miners have millions of dollars worth of mining equipment that miners would lose money on if the price of litecoin didn't go up. Why didnt the litecoin halving make the price go up?