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%.
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
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