RE: Halvening Hype

You are viewing a single comment's thread from:

Halvening Hype

in crypto •  5 years ago 

Well said, a lot of it is Bum guff, normally from people hoping to gain on the downside, it's great its back on the upside, but we will have to see how long the bulls can run, the last Bum guff I heard was it was all to do with Hong Kong and the trouble there.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Yeah, I don't think it'll be a problem for the bulls at the minute. No one wants to sell, and millions of dollars worth of short positions are being liquidated week on week which is pushing the price up further.

The halving literally removes half the new supply. Meaning the demand is effectively doubled.

I think we can expect this pump n dump market cycle to last a lot longer than previous ones.