Re:Bitcoin Halving Just Occured
by pjc50 on Monday May 11, 2020 @05:12PM
(#23147134)
Another key factor which these models often ignore is the rate of "Tether" printing, which is often used to buy bitcoin and is not subject to limits.
My own prediction is to observe that the price has been in a wide band around $10k for the past year, so will continue to hover around that, with gradual upslopes and sudden dropoffs of 5-30% for no apparent reason that cannot easily be post-hoc linked to events.
My own prediction is to observe that the price has been in a wide band around $10k for the past year, so will continue to hover around that, with gradual upslopes and sudden dropoffs of 5-30% for no apparent reason that cannot easily be post-hoc linked to events.