We all know what rumours are like .....
Anyone hear any chatter about Bitcoin splitting?
Printable View
We all know what rumours are like .....
Anyone hear any chatter about Bitcoin splitting?
enlighten me
It’s difficult to judge but if such rumors have appeared then you should be wary.
wary of rumors? in crypto? is this 2015?
Are you speaking of the halving?
Rick
Universal4
loool, splitting, halving, forkingQuote:
Originally Posted by universal4
who cares
do not beware of rumors
beware of people who spread them
Sounds like probably just the mining reward splitting, not the actual coin.
it does not sound like
it is the halving, the third in 8 years since it was mentioned on gpwa
it is something programmed into the code of btc until 2140
it is the main force under price hikes like swiss clock every 4 years
one would think that each 4 years people are more educated, but somehow the opposite is true
Wouldn't count on it. Most people still see it as a bubble, on top of that buy high and sell low. Add to that buying etfs thinking they hold btc and the circus is complete.
Looks more like 2021.
What is happening is effect of halving. Just at least people who have money = not so big idiots as average others; realize that slashing the supply to half is brutal.
So they keep pricing in the halving itself so each 4 years of halving, the price and the ATH is happening sooner. I was surprised during last halving that the supply really had to dry out and price moved in 2021. Now finally the savvy investors who accumulated during last cycles can act little before the inflation of BTC drops under 1% (this drop is just another [and better] description of halving).
Thanks high fiat inflation we are finally in era when inflation of USD/EUR/etc is higher than inflation of BTC (ETH is much higher). And that is the driving factor.
I think everybody here should understand the basic concepts of bitcoin, and that includes the halving of the block subsidy to 3.125 BTC which equals about 450 BTC/day sometime mid-April 2024.
Personally, I think the halvings will have less and less effect every cycle. I even think they won't matter anymore. One reason is that the block subsidies become smaller and smaller compared to total supply, and block rewards will consist of a higher and higher mining fee (total rewards = subsidy + fees).
But the main reason is the very high demand thanks to the US Bitcoin ETFs.
Net demand per week (net of GBTC outflows) is about 33k BTC (inflows of about 58k into IBIT, FBTC etc minus outflows of 25k from GBTC).
Even if we assume that 1/4 of this net demand is from existing BTC hodlers who wanted to move their coins from an CEX or from self-custody to a "safer" alternative at Blackrock, Fidelity etc... that still leaves us with a net demand of 25k BTC per week.
Compare these 25k to the weekly block subsidies of 6.3k respectively 3.15k from mid-Arpil on, you see that the supply from miners flooding the market (who usually don't sell 100% of the subsidies) is becoming minuscule.
This supply crunch is imo the main explanation of why we see the BTC price rocketing...
I also believe that the huge price movements we saw with BTC will become smaller. Not only because it's becoming bigger, but also thanks to various funds that invest into crypto (currently for example the Canadian Vanguard funds) which have to rebalance their crypto holdings after price changes! If such a fund says it holds 3% in crypto, and BTC doubles.... then it has to sell half of it holdings, reducing the price. If BTC price would drop by 50%, the funds would have to double it's BTC holdings, thus increasing the BTC price...
Every halving there is some pseudo-narrative. Tired of it. Halving is halving. Everything is spinning around it. Sh1tcoins, ETFs, everything...
https://t4t5.com/blog/the-bitcoin-ha...ll-be-reorged/ PANIC!!!!!
!!!
!!
You definitely understand a lot more about this topic than I do. Thanks for explaining
Hey, thank you for the explanations you and Strider1973 have provided in this post and in the poll about the price of BTC in 2030. I haven't commented because I don't know enough about the topic, so I don't have much to contribute, but I appreciate what I'm learning.Quote:
Originally Posted by Sherlock
I get what you're saying, but I don’t think the halving’s impact will be irrelevant anytime soon. Yes, block rewards shrink every cycle, but the reduction in new BTC supply still plays a significant role in price dynamics, especially with consistent demand. The US Bitcoin ETFs will likely push prices higher, but it’s not just about institutional inflows; the halving forces scarcity, and historically, it’s driven price up. The high demand from ETFs and funds might stabilize price swings, but the scarcity effect still matters. Balancing portfolios won’t eliminate the halving’s influence just yet. The url removed can actually be pretty useful in times like these when the market gets volatile around events like the Bitcoin halving or big ETF news. I’ve seen people use it to get in fast on new tokens or opportunities when prices start moving quickly.