My girlfriends 16 year old son just said there is a bitcoin event where the supply is cut in half? How does this happen? Do they press a button and the circulation is split in half?Bitcoin at $ 29,300 USD, organic rally or fakeout manipulated by derivative traders ahead of options expiry later today ?
Should be around April 15 to 25, 2024. Bitcoin always rallies post halving event and most novice day traders cry BS and claim since 2010 till now is too small a sample. Bitcoin followers are not suggesting or telling everyone to take a position. Short term/medium term I'm not a true believer, but long term I think digital money is here to stay. I don't believe in shit coins/alt coins since most of them have gone to zero and been delisted, but I do believe in ETH and SOL. Just check this thread one year from now and we'll see if BTC is here to stay. When Bitcoin crashed to $ 15,000 USD and all the experts told us to back up the truck and take a position, why didn't it crash to zero, it's held and slowly crept back up. If it rallies past ATH's then I will jump on board. Annually, November 21st is a significant date for crypto, but I forgot the TA/theoretical reason, we'll just see in the next weeks ahead.
in short, it's faster (higher throughput), more energy efficient , and there are more "applications." stablecoins ? you're on eth. metaverse ? eth. meme coins ? eth. rugpulls? eth . NFTs? eth.
Thank you. I will probably get a bit of both. Another gentleman on here explained a halving which I find attractive too
that's the counter narrative to the halving , yes
Don't trade it, just buy a small affordable amount and just sleep on it. I find it's very difficult to add your view on review boards because everyone behaves like they're the expert ( example topics regarding sports, gambling, driving, best restaurants, SP's), and jump all over each other. Let's say the next crypto bull run , runs from April 2024 to mid 2025 or mid 2026, you'll easily recoup your lost 2%, no problem. ( assuming no black swan events ) .
needs to break 32k and holdAll the crypto naysayers saying the crash/capitulation state has yet to happen. BTC , ETH retracement of 80%, SOL 95% ( rough calculations +/- 1%). In other words, they are claiming this base formation and rally back this year is a fakeout ?
Just now Bitcoin dipped below 31k and some huge buyers came in to support it and head back over 31k. The 32k+ close/hold will be hard work, every hobby , Ma/Pa
I was watching the Bitcoin action live on Bybit and the sharps created a super long green candle and it wicked all the way up to $ 35,600 liquidating all the high leveraged daytraders and triggering all the buy ( on stops) along the way. It crashed down to $ 32,200 just as fast as it rallied. Yikes.
that's why you don't use leverage ...you will get liquidated by whales or the exchange
glad you're making gains , i did buy some in January and June
Note that Bitcoin and Ethereum are trading sideways and consolidating and Solana is rallying. Chainlink ( LINK) most likely bottomed out in late 2022 at around $ 5.50. If you don't have to buy big caps, go with SOL and LINK, check back mid to late 2025 to see I'm still high on cheap drugs ! ( I really enjoy the DM's calling me out, if you hate the markets and Crypto, why not just stay out of the space rather then name calling. UGH ) . As you were . . . .
I remember having a discussion with a group of friends About how bitcoin was supposedly Unhackable and therefore you could not make your own. In that discussion we did made 10 ways you could do it. Last I checked 6 of those I've actually been used. Ironically the best 2 meathods Have yet to be en actually done.
I think when Canada/Ontario cracked down on crypto exchanges/betting platforms, the legit platforms ask you do a KYC form like when you open up a bank account or stock brokerage account. You can buy $ 1.00 worth but the service charges will probably be about the same. Example, on Coinbase if you buy $ 25.00 ( service charge is $ 1.49), if you buy $ 50.00 ( the service charge is $ 1.99), etc etc
