Bitcoin
Out of context: Reply #2042
- Started
- Last post
- 2,674 Responses
- drgs0
It does not look like a bullrun top because:
A) Not a top, more upside
B) Not a bullrun, but a rally, proper bullrun peak in Q3 2023
C) Bullruns as we know them from 2010s will disappear?
Halvings had big supply shock in the beginning, and halving-induced cycles made more sense back then, but as more Bitcoin is mined new halvings will have progressively diminishing effect.
Imagine sometime in 2040 99.9% of all Bitcoin is mined and a new halving has occured. What does it matter -- we practically have all the corn already? Basically, we are currently somewhere in the middle.
Or something to do with TA-awareness: bullruns are highly "advertised" and anticipated in advance, the market becomes too one-sided.
2017-bullrun was born out of misery, when 2015-2016 really seemed like the end. Maybe that's what we need?Discuss
- All will be mined around 2100, not 2040.
After that, there will be only fees to process, nothing more. If all will hold, not even fees.grafician - Will there not come a time where cost to mine outweighs cost of coin? Like gold, all the easy cheap to mine gold has gone, now it's the hard to get stuff left =shapesalad
- if you really want more gold you got to spend lots to dig it out. If oil goes up, if we switch to eco energy, we may never extract all gold.shapesalad
- same holds true for bitcoin, it's already mega expensive, the price of coin would be the only factor that determines if the last few bitcoins are mined.shapesalad
- The price will still go up, but will we still have cycles/bullruns/vola...drgs
- tilitydrgs
- All will be mined around 2100, not 2040.