Here is why #bitcoin WILL go up after the halving. Not instantly, but it will. The bullrun is far from being done.
Right now, it costs about $40,000 USD to mine 1 single $BTC
The bitcoin halving will cut the rewards by half, which means that it will cost $80,000 to mine 1 bitcoin.
So, alot of miners will leave. There’s no point mining bitcoin if it’s not profitable.. right?
Well, once 50-60% of miners leave, everything will rebalance. The people that keeps mining bitcoin will hold until at least $80k minimum, to make sure they’re profitable.
But usually, the price goes higher than what it costs to mine 1 btc.
In example, right now it cost $40k to mine 1 bitcoin and the price went as high as $73k a few weeks ago.
So, in theory, if history repeats itself, we should see a $130k to $150k bitcoin this bullrun.
BREAKING: 🇺🇸 Key inflation data was leaked to BlackRock and JP Morgan by the Bureau of Labor Statistics, allowing their traders to make market moving bets - Bloomberg and NYT #Write2Earrn
"Bitcoin isn't scarce because you can split it into smaller units" I'm going to break down why this is not true in a way that anyone can understand: You have 2 whole pizzas that are not cut. Each one is identical in size. If one pizza is cut into 10 slices while the other is cut into 8, does the one with 10 slices magically have more food?No. You have the same amount of pizza, but when you have 8 slices, each slice is 12.5% of a pizza and when you have 10 slices each slice is 10% of a pizza.Now let's move away from pizzas and talk about Bitcoin.The Bitcoin network issues a currency-BTC. There will only ever be 21,000,000 of these currency units. 1 BTC will always be 0.0000047619% of the network. The 21,000,000 is arbitrary-the algorithm used by the network stops producing more coins when there are 21,000,000 in existence. This number could have been 100M, 500B, 100T. It doesn't matter. Each BTC can be split into 100,000,000 units called Satoshis. Smaller units means the network can handle smaller transactions. You can compare BTC and Satoshis to Dollars and Cents. In total, there are 2.1 quadrillion Satoshis. Today you can buy ~1500 Satoshis for 1 USD. You can split $1 into 100 cents. If I have 10,000 cents, do I have more money than someone who has $100?No. Both of us have 10,000 cents or $100. Each one is equal to the other! $100 X 100 cents = 10,000 cents.Just because you can split 1 BTC into smaller "slices", doesn't mean you magically have more BTC. You still can't make more than 21,000,000 BTC, each one consisting of 100,000,000 Satoshis. Each Satoshi represents a % of the economic value of the currency. If you own 210,000 BTC, you own 1% of the value of the network, just like if you had a pizza with 8 equally cut slices, each slice is 12.5% of the entire pizza. 210,000 BTC = 21 trillion satoshis. If you have 1 Bitcoin (1B Satoshis), your piece of ownership will always be 0.0000047619% of the network. At $1 trillion your 1 Bitcoin would be worth $47,619. The only thing that matters is the total value of the network. THE NUMBER OF UNITS DOESN'T MATTER.
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So-called 'experts' according to the public broadcaster in Germany claim that the upcoming #Bitcoin Halving will instantly halve the price of Bitcoin and thus soon provide a more favorable entry opportunity for speculators.
Wow. It's not even a joke. I don't know whether to cry or laugh.
German 'experts' have not only become incredibly communist in recent years, they are also incredibly stupid. One is probably the consequence of the other#Write2Earrn
As long as everyone in crypto is aware that all the “low cap gems” you’re finding in the bull run, that “magically” appeared out of nowhere are all going to go 0 again at the end of the cycle.
Then I hope you all continue to make money and not get greedy.
Every TikTok low cap gem from last cycle is nearly sitting at 0.
Real projects with real potential, develop the most during the hardest times.
As the quote goes, almost everything can go up during a bull run, but only the best survive and are built during the toughest times.#Write2Earrn
The crypto markets biggest fasade illusion is that they try to put the traders and investors against each other from Day 1.
Bears and Bulls.
Quite honestly it doesn’t matter what you are, I’m bullish one week and bearish another.
You can be a Bull Tomorrow, and then the brokerage could get “hypothetically”hacked and the entire market crashes down falling.
Let’s not forget what happened when that brokerage went offline for an entire day the other month.
It wouldn’t matter if you’re bullish; because Bitcoin will crash despite your stance of the market and your position based on any news.
Everyone needs to set aside the labels and just be realistic.
The whole scripture is set to have you fail.
The whales and insiders want you to be bullish; until they’re ready to sell on you:
We are not market makers, we are simply playing within the market.
People are scared to tell you this stuff because it’ll hurt your feelings and makes you feel insecure.
Especially if you’re someone who just got into crypto.
I’m here to actually wake you tf up, because I lost for years before I won because I was also someone who fell for the stupidity of labeling myself as a bull or bear.
Historically speaking the market always goes up and goes down.
#write2earn According to Foresight News: There is an increasing demand on the Bitcoin network as more than 112,000 transactions are reportedly waiting to be confirmed. As per data from mempool.space, the memory pool, or mempool, usage on the network has climbed to 832MB, indicating a busy period for bitcoin transaction processing. The current minimum transaction fee on the Bitcoin network stands at 9 satoshis per virtual byte (sat/vB). A surge in transaction volume typically results in higher mempool usage and could lead to higher transaction fees as people compete to get their transactions confirmed faster.