12-03-2024, 09:38 PM
Not that I suddenly think that bitcoin is something useful...it is still a useless thing but price is driven up by basic economic principles.
Everyone knows this basic principle in economics called demand and supply....if supply goes down and demand stays the same or rise price will go up.
Bitcoin new supply is about to be halved in a process called halving
![[Image: 788VFAJ.jpeg]](https://i.imgur.com/788VFAJ.jpeg)
Don't worry if you don't understand. What the above is saying is new supply of bitcoin is to be halved as the miners will be paid half of what they get paid in bitcoins.
So applying principle of demand supply ...with falling supply...and same.or higher demand ...price will go up ....
Just look at teh strong uptrend of bitcoin...it is set to continue as new supply is halved ....
![[Image: 6zRBaTQ.jpeg]](https://i.imgur.com/6zRBaTQ.jpeg)
This is clearly a winner....
Everyone knows this basic principle in economics called demand and supply....if supply goes down and demand stays the same or rise price will go up.
Bitcoin new supply is about to be halved in a process called halving
![[Image: 788VFAJ.jpeg]](https://i.imgur.com/788VFAJ.jpeg)
Don't worry if you don't understand. What the above is saying is new supply of bitcoin is to be halved as the miners will be paid half of what they get paid in bitcoins.
So applying principle of demand supply ...with falling supply...and same.or higher demand ...price will go up ....
Just look at teh strong uptrend of bitcoin...it is set to continue as new supply is halved ....
![[Image: 6zRBaTQ.jpeg]](https://i.imgur.com/6zRBaTQ.jpeg)
This is clearly a winner....
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.