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Bitcoin twitter largely did not appreciate my assertion that halvings (green vertical lines) have effectively *zero* impact on price, and instead, people are conflating the halving bull runs with global balance sheet (orange line) bull runs.

What do you got, Nostr?

PS I say this, knowing full well:

a. the halving is a fun meme

b. the fed is reversing course just in time for the halving believers to (falsely, imo) claim victory

ShiShi21m 2y ago

Sorry I have to do this to you Lane, but you've thinkboi'ed yourself to being a dumbfuck.

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Discussion

Lane 🦢 2y ago

LOL. Feel free to elaborate. Or don't 🙄

ShiShi21m 2y ago

Here's a clue;

Wishing you a speedy recovery 🤕!

Lane 🦢 2y ago

of course miners selling less bitcoin over time should have *some* effect. the question is, how much?

my argument is that - in the face of bitcoin having 5000%+ to appreciate in price - how that 8% is distributed (and for a % of those, sold) is negligible.

cuban 2y ago

Price is set on the margin though... That 8% plus balance on the exchanges is what most of the demand is fighting for right now...

ShiShi21m 2y ago

These halvings will have massive impact on the coins already accumulated by miners as well.