Thursday, May 7, 2020

BITCOIN HALVING SCHIZOPHRENIA

Theory: As a halving event nears, people are sharply divided into 2 camps.

Moonboys: These people believe the price of bitcoin will shoot to astronomical levels after the halving. Sometimes they think the whole world is going to shit. etc

Haters: These people think that the halving is priced in and the halving will be different this time. They expect a drop in price and sometimes they think the bitcoin network is going to shit. (death spiral) etc

The space becomes increasingly schizophrenic in thinking as the halving approaches but the reality is that bitcoin does not do what any of them expects.


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