BTC Matt: Have you seen this? On

    Posted by breakout on 29th of Apr 2020 at 02:55 pm

    BTC

    Matt: Have you seen this?

    On or around May 12, bitcoin's (BTC) inflation rate will get cut in half, from 3.65% to 1.8%.

    We've only had two halvings in the past. Both kickstarted massive rallies in bitcoin prices.

    The first halving happened on November 28, 2012. That day, bitcoin was trading at $12.31. Almost immediately, prices began climbing – and they kept climbing for the next 369 days. They peaked at $994.21 on December 2, 2013... a gain of nearly 8,000%.

    The second halving happened on July 9, 2016. Bitcoin went from $650.63 to $19,535.70 by December 2017... a gain of 2,903%.

    interesting, thx for pointing out! though

    Posted by matt on 29th of Apr 2020 at 03:14 pm

    interesting, thx for pointing out!

    though I think Bitcoin's past rallies had more to do with it being a new concept, the only game in town before all the other ones were launched, etc vs inflation. not saying it didn't help - but clearly newish concept is what propelled it early on

    Bitcoin did manage to fill

    Posted by steve on 29th of Apr 2020 at 03:03 pm

    Bitcoin did manage to fill an open gap today from mid March

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