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Yvone Shand
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I gotta be honest with you bros
BTC
looks bearish af here
Bit of consolidation before a giga nuke imo
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Yvone Shand
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Join our exciting REVOX airdrop campaign with Binance Web3 Wallet! Use my invite code I2KDEG to earn REVOX $RGT AIRDROP! Find REVOX campaign on Binance Web3 Wallet. #REVOX #binanceweb3 @ReadOnMe3 https://revox.readon.me/ #BinanceTournament #Write2Earn! #REVOX #binanceWeb3
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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. This is purely based on fundamentals, not hope. I hope this helps. Don't forget to follow #Write2Earrn #BTCHalvingApril2024 #BTC🔥🔥🔥🔥🔥🔥
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NEW: 🇸🇻 IMF demands El Salvador change its #Bitcoin law in return for a $1.4 billion loan. No. Share your thoughts Don't forget to like and follow #Write2Earrn
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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
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"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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