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RE: Bitcoin 2020 Halvening - Will it be a Great Big Disappointment?

in #threespeak7 years ago

Anyone can look up that the last Bitcoin halvening event occurred on 2016-07-09

Now crop a Bitcoin graph to that time-frame.

t1.png

The market tried to price in the event early and then it crashed until October. For four months people were probably convinced it was a huge bust.

The exact same thing just happened to Litecoin. Let's see what happens with Litecoin this winter, shall we? The entire issue is being looked at on the wrong time frames in my opinion.

The market needs time before miner liquidity drain kicks in. The price-in that we see beforehand creates even more volatility in the market before the actual liquidity drain event begins.

Price catapults off the low of the speculative pump and dump months after the event. Litecoin may never be this cheap ever again.

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