I was wondering how long it would take for the news circuit to start talking about the Bitcoin Halving again. Apparently they have succumbed to unit bias, as the answer is at the 100 day mark.
Articles are beginning to pour in noting how many days are left (counting down from 100) until Bitcoin's inflation is cut in half once again.
Deflationists rejoice!
I saw two or three different articles all talking about 98 days left in my feed. The hype is starting to ramp up.
I figure we still have at least 60 more days of largely upward motion before miners realize they need to capitulate and start saving for the power bill sooner rather than later. Getting your income sliced in half in an instant isn't exactly fun times (unless BTC/USD is spiking up). The fear of the market crashing ironically causes the market to crash. Either that or the market shouldn't have tried to do price discovery on an event that had not happened yet.
It took us 6 months to recover from the Bakkt pump/dump. However, we all remember the day Bakkt opened; might as well of had zero volume. Institutions were not lined up at the door. Whomp Whomp.
The Bitcoin Halving on the other hand, has a built in metric for increasing the value of the network. I'm hoping that the absolute consistency and value a halving event brings to the table will cause the dip to be short and sweet (as always).
Don't Think I Want To Bet Against Litecoin.
For the last 18 months Litecoin has had very nice and smooth 6-month movements. You can see the parabolas forming in the graph. Litcoin down for 6 months. Litcoin up for 6 months. LItcoin down for 6 months.
It's all very fluid.
And if this pattern repeats Litecoin would just continue going up until summer. There would be no dump. I think this is possible because Litecoin's second halving already occurred last August, and the liquidity pool has had plenty of time to run dry in that amount of time. I do still have a sizable Litecoin swing trade in the works. I guess we'll see in April.
Posted via Steemleo
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