Wanted to discuss how many of you expected bitcoin's price would of surged pass $1000usd upon the block halving?
I personally expected a climb and was disappointed with the fact it remained pretty flat.
To the MOON?!??!?
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Nope expected it to fall some if anything and it did right before the halving. Only thing that will move the price up is a block size increase.
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No. That would have been a huge surprise to me. Why would you have expected that? It didn't happen last time, right?
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It did. Price increased to compensate with mining loss of revenue. This time miners have really lost 50% of there profit capabilities.
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No, it didn't. Not on the timescale that you seem to imagine. The "17" on this chart (I screenshotted bitcoinhelp is the first halving day:
BTC didn't go to the moon until months later.
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And the miners still cost the same, you have to work twice the time to get btc that still have the same price, kinda unfair
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