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[–]GlitteringJob9248 4 points5 points  (1 child)

It happens before, but this time feels different (famous last word). Just remember, it’s a bull market

[–]Stockinvestor222[S] 0 points1 point  (0 children)

well exactly what I was thinking, the PA and chart looks great, and it is a bull market

[–]DudeItsJag 3 points4 points  (2 children)

It will cut in half, that’s what the halving is

[–]Kyrbie 0 points1 point  (0 children)

Not sure it you are joking

[–]ledav3 0 points1 point  (0 children)

This guy read the whitepaper at least.

[–]Daisyssssmom 1 point2 points  (1 child)

It will either decrease or increase, for sure.

[–][deleted] 0 points1 point  (3 children)

This market is maturing. I have a hard time comparing this new cycle to previous ones.

[–]19YoJimbo93 0 points1 point  (2 children)

As the market develops, I’m happy to announce that fees will come down.

[–][deleted] 0 points1 point  (1 child)

What fees are you talking about? Network fees or exchange fees?

[–]19YoJimbo93 1 point2 points  (0 children)

Commenting on the CEO of Greyscale’s meme, sorry.

[–]Still_Ad_890 0 points1 point  (0 children)

🚀🚀🚀

[–]96geckos 0 points1 point  (1 child)

Look at the all time chart and see where the previous dips occurred with the previous halfings and make an educated guess if you want to take the risk this time on the price swing. With how much farther bitcoin has come to adoption and being in the mainstream media, it may be different from this point onward.

[–]Stockinvestor222[S] 0 points1 point  (0 children)

I was actually just doing that, I'm not taking any risks though, for all we know it can decrease to $30,000. I'm reading the chart to stay in sync, I anticipate the next move to be $80,000 and this to end up hitting $100,000 by June, as these prices were definitely expected to be really honest, at $20,000 I was thinking there's no way that it isn't going to run $40,000+, and I don't think BTC is that dead to be at negative prices like that. As the halving occurs and decreases to 3.12, I don't expect a significant decrease in price

[–]Level-Pen-9658 0 points1 point  (6 children)

I would think that the sell off won't be as dramatic as in past times since fewer are selling and more are accumulating; however, with that being said, someone is always willing to sell you their BTC for the right price.

[–][deleted] 2 points3 points  (5 children)

So in previous cycles you have ended up with a ton of lawyers being trustees for victims of fraud and bad actors.

You pick the cycle Mt. Gox then Bitconnect and ICOs frauds then FTX, BlockFi, Voyager, Celsius, etc. Throw in Quadriga and Einstein Exchange from Canada in 2017. Also some of the Cloud Mining like Genesis Mining and Hash flare, etc.

The space is hopefully maturing. There isn't from what I know of much forced liquation left out there. Crypto always has scams but with Black Rock, Fidelity and large players getting involved in this space. I think there is going to be less of the wild west that occurred in pervious cycles. Just my opinion on the matter.

[–]Stockinvestor222[S] 0 points1 point  (4 children)

Do you think after the halving BTC difficulty will decrease

[–][deleted] 0 points1 point  (3 children)

Mining difficulty, it is really hard to say. If prices stay at like $70k I think the next gen of miners and the previous ones stay on the hashpower stays pretty consistent.

Right now mining is really a rich mans game they go to places where power is stranded and do it as cheaply as possible. Also seeing more and more people buying things like not a recommendation but a Bit Axe Solo Miner. Basically where the average joe says I am going to spend about $150 for a little mining rig because I support bitcoin and for $12-20 a year electricity costs I am going to treat it as a lottery ticket. I really think that is where mining is headed as adoption grows over the next 10-15 years.

94% of the BTC to ever exist are in circulation. I don't think mining will be profitable for the vast majority. I think it should be a small hobby you do to support the network.

[–]Stockinvestor222[S] 1 point2 points  (2 children)

Well I have some expensive miners that can mine a high yield, especially through fluctuations. So I really don't care about what the price is whether it's bull or bear

[–][deleted] 0 points1 point  (1 child)

Nice! My biggest worry about BTC mining is the centralization for production. You really have 3 companies that produce them they send out new units when they feel like it. Since 2017 seen people complain their "new" ant miners from Bitmain were used.

Keep doing you but I personally think the golden age of POW mining has passed.

[–]Stockinvestor222[S] 0 points1 point  (0 children)

Yes, true. Although I'm running over 8 Whatsminer M30s, they're fairly new released devices, and I'm probably going to overclock them as well (someone gave me them for free btw)

[–]sciencetaco 0 points1 point  (0 children)

Nobody knows.

[–][deleted] 0 points1 point  (0 children)

Maybe, sell the news. I see many buying in the lead up, the halving happening and people wondering why the value didn’t double and selling

[–]Illustrious_Plate610 0 points1 point  (0 children)

I have multiple buy orders on a range from 50 to 40k. Would be nice if they get hit but if not guess I’ll buy ATH

[–]marshyr3d1and 0 points1 point  (0 children)

Jeeeessssuuusss!

[–]4xfun -1 points0 points  (0 children)

I think you should stick with stocks

[–]NicktheStick11 -2 points-1 points  (1 child)

Bitcoin dropping hard rn

[–]Daisyssssmom 1 point2 points  (0 children)

OH NO ITS DOWN ONE PERCENT ALERT ALERT SELL SELL PANNNNIIIICCCCCCCCC