[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 44 KB, 800x450, brainlettttt.jpg [View same] [iqdb] [saucenao] [google]
57075801 No.57075801 [Reply] [Original]

>bitcoin won't reach no ath next month because it's a 4-year cycle
>it just has to follow a 4-year cycle because it just does ok?

>> No.57076790

>>57075801
Yes. The block rewards get cut in half every 4 years, because it's programmed into the code. Nothing mysterious.

>> No.57076986

>>57076790
>it's programmed into the code
No one is denying the impending reward reduction. What's absurd is insisting that the reduced reward will make the existing 19 million coins more valuable. Even a rudimentary analysis of btc economics shows that every previous pump is driven by speculation and hype, not by a restriction in the supply. In fact, during previous halving pumps, the tradable supply is generally increased, contrary to the assumed lesser supply from the new reward.
If a reduced supply was actually the driving force behind previous pumps, the price would be much, much higher. It would look like a short-squeezed stock. Instead, each pump looks like a traditional hyped up pump-and-dump based on speculative trading.

>> No.57077020

It actually is all programmed
Fr

>> No.57077021

>>57076986
> Miners constantly dumping their bags on the market to stay in business
> Miner reward cut in half
> Significantly decreases sell pressure