Replying to Avatar Cyph3rp9nk

And this is where the liquidity is coming in, and remember that bitcoin is a proxy for liquidity. The question is what will happen in March as the BTFP program is supposed to end.

Interestingly the liquidity cycles have always coincided with halving, you should rethink if halving is so important to the bitcoin price or maybe liquidity is.
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Deleted Account 2y ago

why noth both?.gif

probably both have an effect on the price, less demand when liquidity is gone, plus increased selling from miners with halving

and then when market and price settles, supply shortage effect kicks in and liquidity increases again and you get a boom

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Deleted Account 2y ago

but yeah, new quantities of bitcoin mined are already so small compared to what's already available that cutting in half should have very small or no effect

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Cyph3rp9nk 2y ago

In mathematical terms it can have no effect because the bitcoin spot market is ridiculous compared to the derivatives market...why do you think they approved futures etf's and have so far prevented a spot etf?

Unfortunately in this world many are ignorant of the financial side of things and have been told many lies and inaccuracies.

The only true thing is that the price of bitcoin is driven by the liquidity of money, and this is not bad, as it was created for this, to combat monetary debasement.