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Yeah I'm sure nobody's ever going to care about bitcoin again you're right.

• Nursie 8y ago
  Not nobody, sure, but the halving really only matters if interest is at least half what it has been in prior bubbles. Reduced supply may push up the price... or it may not if there isn't much of a market for the supply anyway.
  • sodafountan 8y ago
    The interesting thing is is that bitcoin enthusiasts tend to buy a fairly steady supply over time, this is what's maintaining the current price. Eventually demand will starts to wane off after a big run up but the core people are still buying in steady amounts, then once the halving comes and the demand stays relatively steady you start to see the price trend up, this draws in new interest and runs the price up even more, then you have all the rest of the people who are tuned out and they come rushing in and you have full blown FOMO, all the people who've been buying steadily begin to cash out and the price drops off. It's happened before and it'll happen again like clockwork and that's because bitcoin is just an algorithm.
    • Nursie 8y ago
      >> this is what's maintaining the current price The price that's tanked about 30% in the last week alone? >> It's happened before and it'll happen again like clockwork I'm afraid this is a very bold prediction.