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Cryptocurrency Price Speculations / Re: BITCOIN HALVING PRICE HISTORY FIRST TO LAST.
« on: Today at 03:26:06 PM »I want to ask you a very spicy question, do you think this doesnt happen?now I dont know if we will get to a x3 situation this time, but usually the real ATH manifests itself after about a yearwe have seen this and bitcoin has proven to be a very cyclical assethow long do you guys think it will reach in its final ath?clearly taking example from what happened in previous halvings, if I do the calculation at random I get absurd figures and I think I was wrongI need the opinion of someone else in the industry who understands halvingsThere is not much to understand here, people simply expect that each halving will have a similar impact on the price as the previous one. But it is clearly visible that each future halving has a decreasing effect on the price, because the one from 2016 raised the price from some $600 to $20 000, the one from 2020 increased that ATH only by x3.5, and this halving from 2024 could have an even smaller effect on the price.The thing is that each halving halves the reward for miners and that they, as "producers" of new BTC, have less and less influence on the market - which in some way can make all the already available coins much more valuable than they were before.What could be concluded is that the price calculations are of a very speculative nature, and that no one can say with certainty what the price will be one or two years after the halving.