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14326520 No.14326520 [Reply] [Original]

>halving in less than year
>price already at 11k

>> No.14327157

>>14326520
This is the correct thread.
BSV will be the true ethrum killer and also king of coinmarketcap 2019
Do you not think that the Craig Wright team has not been working hard? Guess what? It has.
And always remember, as Craig says:
Get in BSV
The real BTC!

Let us all celebrate now
https://www.youtube.com/watch?v=xwRZgtTEH08&t= [Embed]

>> No.14327182

>>14327157
fuck off you stinky pajeet there is no real bitcoin or fake bitcoin, there is Bitcoin, and then there are scams and forks of bitcoin

>> No.14327671

>>14327157
Genuinely hope that faketoshi is paying you, noone can be this retarded, not even a bot

>> No.14327766

>>14327157
By Craig Wright team he means his lawyers

>> No.14328678

Bitcoin price is because of demand. Not supply.

Believing the repeated bubbles are caused by rate supply changes is wrong.

It’s demand and word of mouth.

Maybe the miners do begin holding bitcoins at certain times relative to these halvings causing supply constraints and driving prices higher. Bitcoin supply is stable, so the price volatility is purely demand volatility.

Demand could collapse with some government regulations, or social influence, or as crypto is adopted buyers and sellers lean towards a different crypto coin with faster and cheaper transactions.

My belief is two cryptos will become dominant. Bitcoin will act as the ‘gold’ of crypto for long term holding, and another coin will act as the ‘paper’ of crypto for faster cheaper transactions, but people won’t hold a lot of it, just like cash savings, only hold enough for needed liquidity and spending, keeping long term holdings in bitcoins or other investments.

Demand is driving the volitility. The FOMO booms and busts.

Too many people are trying to predict price based only on the supply side and not asking if the demand exists for such prices to ever be achieved.

I think we see $40,000 bitcoin in the next 2-3 years. I think demand is there for those prices. There are too many predictions around these log graphs based on supply that are not accounting for demand changes, or the risk posed by government regulations. Burdensome regulatory compliance requirements that could crater demand are now being talked about by regulators. They just don’t know what to do yet.

>> No.14328712

>>14327157
>2019
>people still fall for btc forks

>> No.14328720
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14328720

>>14328678
>correlation between halving events and price spikes is close to 1
>price is utterly demand driven
cheers, bruv

>> No.14328762
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14328762

>>14328712
BTC is the fork RETARD. Original unadultered chain is BSV. Core is scamming noobs hard

>> No.14328814
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14328814

>>14326520
This is what worries me a bit

We're still nearly one year away from the halving and we wen't parabolic without a single correction, I wouldn't be surprised if we retested 7k by November/December
(I'm a permabull)

>> No.14328928

>>14328720
I’d like to learn.

What about the halving cause a price rise? Does mining stop and bitcoins supply begins being contracted?

What about the halving causes the supply to be reduced?