Why is the probability of getting rich by buying small pancakes getting lower and lower?
Once the halving begins, $BTC does not have another chance to re-test the bottom twice, and it all goes up. As the size of the currency circle grows larger and larger, the increase in the price of the pancakes after each halving becomes smaller and smaller:
$BTC The first halving in 2012 increased by 104 times from the beginning of the halving to the highest point of the bull market.
$BTC The second halving in 2016 increased by 40 times from the beginning of the halving to the highest point of the bull market.
#BTC 2020 The third halving from the beginning of the halving to the highest point of the bull market only increased by 7.5 times.
Then in 2024, the fourth #BTC halving will increase by less than 7.5 times from the beginning of the halving to the highest point of the bull market? Where will the price of the pancake be before the halving next year?
It is foreseeable that as the market value of the pancake rises, the smaller the increase, the less likely it is for small funds to get rich by simply investing in the pancake.