Am I retarded or is the Bitcoin halving irrelevant unless you are a mining?
Discussion
It’s about perspective the halving will decrease the amount miners receive per block making sats even more valuable due to scarcity due to less per block the amount of Bitcoin available to purchase will decrease as well the domino effect takes over rinse and repeat every halving to top it off it also happens to be Presidential Campaign year so a lot to mess with markets
I don’t see how the diminishing issuance schedule has an effect on scarcity. Ultimately, I know the total supply is approx 21M bitcoin.
But a lot of the bitcoin has been lost or bought by diamond 💎 🙌 hands and as more people get into bitcoin there will be less on exchanges for them to buy. Miners sell to exchanges, in part, to cover their costs. With one million bitcoin left to mine, it has to be split up over more and more people as interest/need rises and people decide they need/want bitcoin
Nailed it!!! 💎🖐️🔥 soon the only way to get bitcoin will be p2p v4v the goal at this stage is Hodl strong my friend
Miners are the ones getting the "new" Bitcoin and deciding at what price they are willing to sell that Bitcoin into circulation, basically setting the market value. So if the miners are getting less new Bitcoin, the Bitcoin is more valuable. That's my take, but I am no expert.