POLL : Did you expect bitcoin price to surge pass $1000 upon the block halving?
Wanted to discuss how many of you expected bitcoin's price would of surged pass $1000usd upon the block halving?
I personally expected a climb and was disappointed with the fact it remained pretty flat.
To the MOON?!??!?
Nope expected it to fall some if anything and it did right before the halving. Only thing that will move the price up is a block size increase.
No. That would have been a huge surprise to me. Why would you have expected that? It didn't happen last time, right?
It did. Price increased to compensate with mining loss of revenue. This time miners have really lost 50% of there profit capabilities.
No, it didn't. Not on the timescale that you seem to imagine. The "17" on this chart (I screenshotted bitcoinhelp is the first halving day:
BTC didn't go to the moon until months later.
And the miners still cost the same, you have to work twice the time to get btc that still have the same price, kinda unfair