7.9 C
Manchester
May 25, 2020
Image default
Bitcoin

Halving BTC may turn out to be a disappointment – says one of the “whales” – Blocksats

One of the richest owners of Bitcoins (the so-called whales) commented on the upcoming halvingu. He believes that the latter gives false hope to naive investors who want to earn large sums of money quickly.

Halving BTC false hope?

Anonymous trader, who is hiding under the nickname Joe007, wrote on Twitter that BTC is now quite a risky asset, due to the fact that the date of halving is approaching. He predicts that this event, which will reduce the supply rate of new BTC by 50%, will prove to be a big disappointment for those who want to earn very big money quickly.

I suggest not focusing now on the BTC price, as this may change rapidly drastically.

“The price may be raised tomorrow to 20 thousand. USD or [spaść] literally up to 2,000 USD on such a thin market [jesteśmy]”

– he wrote on Twitter.

This is not the first time Joe has quoted relatively low volume as the main reason why it’s not focusing so much on the BTC price anymore.

BTC future price

Today, 1 BTC in the market is already paying 8,900 USD, which translates into a 2% jump in exchange rate. on a 24-hour scale ATH from the turn of 2017 and 2018 there is still a lot missing (a 55% difference), but remember that during the famous night from March 12 to 13 this year. price kryptowaluty fell sharply below USD 4,000. This means that BTC gave over 100 percent in two months. earnings (assuming someone bought cryptocurrencies during “Black Friday”).

It is not clear whether halving will actually raise the price of BTC immediately. Until now, it was actually causing a bull market, or even a speculative bubble, but – what is worth adding – also in the perspective of several months, and not immediately.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: course Bitcoin and cryptocurrency exchange rate on Bitcoin.pl. A place where you can buy Bitcoin and other kryptowaluty, include cryptocurrency exchange BitBay.net. If you don’t have a BitBay account yet, this article will show you how to create one efficiently: LINK.

Get notifications about important new market events.

Related posts

How likely is Bitcoin to reach $ 20,000 by the end of the year?

Anupreet Kaur

Mimble Wimble integrated with Litecoin: the testing platform has started – Blocksats

Aparnna Hajirnis

10th Anniversary Pizza Day with Bitcoin Tej: Live, promotion and competition! – Blocksats

Aparnna Hajirnis

Leave a Comment