BITCOIN PRICE ON HALVING DAY! 🔹$12- NOVEMBER 2012. 🔹 | MaNooQueen on Binance Square

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BITCOIN PRICE ON HALVING DAY!  
🔹$12- NOVEMBER 2012. 
 
🔹$649- JULY 2016. 
 
🔹$8,140- MAY 2020. 
 
🔹$ ____? APRIL 2024. 
 
DO YOU NOTICE A PATTERN? 
 
THE PRICE IS ADDING ONE DIGIT EVERY HALVING TIME.
#BTCHalving #2024 #HotTrends 
#BTC🔥🔥🔥🔥 

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This man holds one percent of the total bitcoin in circulation and I’m not comfortable with it This simply means that in blockchain proof of stake, this man might be able to do and undo in the blockchain ecosystem That’s not healthy for the entire crypto market, what do you think? Then imagine if he’s known as the man with the most $btc He will become too powerful, at a time, his opinion will move the market drastically, what do you think? Thoughts please 🙏🏿 dream chaser jtk

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~ Do miners sell bitcoin to cover their expenses? Yes. ~ Does the halving cut mining revenue in half? Yes. ~ Do the weakest miners and ASICs turn off? Yes. ~ Does the marginal seller affect the price of bitcoin? Yes. ~ Does the halving then affect the price of bitcoin? Yes. ~ Is there not an immediate effect because a cut in the flow of new coins requires time, hence the definition of a flow being a quantity per unit of time? Yes. ~ If price begins to rise is there a delay before new miners come online due to the time required to build mining and energy infrastructure? Yes. ~ So the price can rise, but sell pressure can remain ~unchanged~ for 12-18 months post-halving? Yes. ~ This means the prices goes up, attracting a new wave of adoption, and few natural sellers exist for 12-18 months? Yes. ~ So the halving is very bullish? Yes. ~ But this doesn’t matter for LTC, ETH and BOMB because there is no real demand for the second best monetary tool because money solves the double coincidence of wants by becoming the ONE most marketable tool? Yes. ~ So prices of these copies are just high beta and high theta (time decay) derivatives of bitcoin? Yes. ~ And bitcoin is going up forever? Yes.

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