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RE: Thoughts on Markets. Bulls, bears, and "is it priced in?"

in #finance4 months ago

Wow. Thanks so much @aggroed. That's fascinating and you expxlained it in a way that I can understand it. How refreshing!

every 10 minutes a new block is mined and added to the chain

What's the Steem equivalent of that. Is it something to do with "proof of brain" or is that something else entirely?

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You mine steem too. You just do some brainy blog post to mine rather than run a server. Steem has an inflation pool and it shrinks every year. So, we don't have a halvening. We have a an annual decrease of half a percent. We started at 10% and it'll go to ~1% of 18 years or so. I don't know the exact number now. But we're under 9% inflation.

So we're wondering if those anticipating that the halvening will increase the price (pretty much everyone) have already started valuing bitcoin more.
We know its 111 days away, so has this price increase already happened?

Got it. Thanks! 😍

so has this price increase already happened?

So it could be that investors are buying now before the anticipated price rise as described by Aggy and as a result they could be inflating the price such that it won't rise so much come May.

Or it could be as @jrcornel speculates.

Either way, I'm not buying any. Might get some more Steem though, if the price comes down again.

Aggy says:

People play it professionally. They are better than me

I suspect that my grandkids would be better than me. Especially if my luck with crypto is equal to my luck with packopenings/reward cards. 😂