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RE: Bitcoin and Uptrennd Halvening Is Less than 8 Days to Go, How Prepared are You For the Aftermath?

in GEMS5 years ago

Dear @olasamuel

I wonder what are your personal expectation towards price of BTC in near future?

Many people out there seem to expect price of BTC to increase after upcoming Halving. And I'm trying to understand if those are not mostly ... just lovely wishes.

After all, we should ask ourselfs a question: how Halving would impact demand and supply?

Based on my knowledge, supply will decrease. That's the fact. so there may be less bitcoins dumped on the market by miners. Which will surely reduce selling pressure.

However, it doesn't mean that demand will increase. Am I right? So at the end of the day BTC price has higher chance to continue upward movement, but I wouldn't expect FIREWORKS.

ps.
Also I'm wondering, if halving isn't already priced-in. In the past not many people seemed to know about halving, so for many it came as a huge news. News which could bring some hype and switch on FOMO.

Currently many seem to be expecting similar market behaviours. And that's a major difference between now and past. Wouldn't you agree? Just curious what do you think.

Yours, Piotr

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