Is the halving more of a cleaning up operation of the bitcoin miners and not necessarily for pushing the price, is it a fixed 4 yearly thing?
It's meant to counter inflation; reducing the amount of new coins generated, making each one worth more, in theory.
I expect Bitcoin to hit about $150k which would be just over 2x the previous cycles all time high. Previous cycle had 3.5x of the previous cycles all time high.
All very quiet at the moment. We've had dip but starting to recover now. At $63.5k. That is only 16% of the all time high. We have had a increase of 19% in the last 11 days.
Bitcoin is currently 2.36% off the all time high. It's currently $72,119.99 I think things will start to get mental now.
I think a real dark horse winner in this could be doge, I bought a fair bit just before the election and it's at a tidy profit ATM
It's looking like hitting $100,000 . Estimates that it could hit $200,000 with options trading being muted .
I've some small investments in Ethereum and Solana, and when you look over a 3 year trend they're pretty much all following the same pattern with current high prices back to where they were in late 2021 edit.....for me, the challenge with all crypto currencies is the question of what is their value? It's not like share holdings where you get annual dividends, or physical assets like gold which can be bought or sold and he a physical presence, and unlike money in the bank which is basically just electronic data, they can't be used for mainstream purchases, there's always a massive risk as they don't actually have any 'value' other than the perceived perception of the markets. If or when any of them get to a REAL peak, if any of us with smaller investments sell and get out there's no issues.....but for the really big holders....well if any of the really big holders start to sell and get out it could cause a massive rush for the exits and they could tank the whole market.
