Homo_Erectus@lemmy.zip to Lemmy Shitpost@lemmy.world · 5 days agoIt will...lemmy.zipexternal-linkmessage-square65linkfedilinkarrow-up1422arrow-down15
arrow-up1417arrow-down1external-linkIt will...lemmy.zipHomo_Erectus@lemmy.zip to Lemmy Shitpost@lemmy.world · 5 days agomessage-square65linkfedilink
minus-squareElectricVocalist@jlai.lulinkfedilinkarrow-up7·4 days agoYou actually can, because it behaves in 4 year cycles. Bitcoin ATH have been in August 2017, 2021 and 2025, and dips have been in December 2018, 2022 and 2026. This why people are selling right now, everyone knows this which makes it self-fulfilling
minus-squarePeriodicallyPedantic@lemmy.calinkfedilinkarrow-up5·4 days agoYou’re acting like you could predict this year based on 2 data points.
minus-squareElectricVocalist@jlai.lulinkfedilinkarrow-up1·4 days agoThis is a text message. Look at charts if you want data. I agree it’s not a guarantee though
minus-squareboonhet@sopuli.xyzlinkfedilinkarrow-up2·4 days agoWhy 4 though? How do we know it’ll repeat?
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up3·4 days agoThat’s how often the block rewards halve, reducing the supply of new coins creating a predictable price increase.
You actually can, because it behaves in 4 year cycles. Bitcoin ATH have been in August 2017, 2021 and 2025, and dips have been in December 2018, 2022 and 2026. This why people are selling right now, everyone knows this which makes it self-fulfilling
You’re acting like you could predict this year based on 2 data points.
This is a text message. Look at charts if you want data. I agree it’s not a guarantee though
Why 4 though? How do we know it’ll repeat?
That’s how often the block rewards halve, reducing the supply of new coins creating a predictable price increase.