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

in #threespeak7 years ago

@louisthomas It is not something like halvening occurs today and the price didn't go up within that week it is a failure. What halvening does is it makes bitcoin's supply small with respect to time. So simple supply and demand rule will make it clear that it will drive the price high. Litecoin is not seen as a great store of value as of now so halvening is just a buy and sell event. But Bitcoin is seen as a store of value and hence the event will be very significant.

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