Reminder to newcomers: Bitcoin's fourth ever supply shock will happen in less than 2 years.
31 sats \ 9 comments \ @a 2 May 2022 bitcoin
Less than 700 days until the block mining rewards get halved, dropping from 6 BTC to 3 BTC per block.
Stack as many sats as you can before the halvening!
Supply shocks always lead to increase in price, even if demand stays the same.
Happy stacking 🥞🥞🥞
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20 sats \ 0 replies \ @a OP 2 May 2022
https://en.bitcoin.it/wiki/Controlled_supply
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17 sats \ 0 replies \ @TheBTCManual 2 May 2022
I am not nearly as ready for it as I should be, been trying to not take this 38 - 42k range for granted, probably the last chance for some to reach whole coiner
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13 sats \ 0 replies \ @2bithits 2 May 2022
Yeah, 5 red weeklies in a row.
Time for some UP
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13 sats \ 1 reply \ @k00b 2 May 2022
It should be priced in, no? At least that's what everyone says before every halvening.
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0 sats \ 0 replies \ @a OP 2 May 2022
Miners gotta pay the bills... at least that how I've been thinking about it.
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5 sats \ 1 reply \ @cryptocoin 2 May 2022
The first halving was very significant because the drop in the bitcoin supply inflation annual rate went from ~25% to ~12%.
The second halving was also significant, when it went from ~8.3% to ~4.2%.
With the third halving, the drop went from ~3.7% to ~1.8%.
The next halving will put it well under 1% on an annual basis.
A 4% drop in 2017 created a supply shock. A drop of less than 1%? I'm not thinkig that will be a "shock", at least not for the exchange rate. For bitcoin miners, their income, in BTC terms, gets cut in half -- for them, that's a schock, certainly.
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20 sats \ 0 replies \ @a OP 2 May 2022
Interesting perspective. I agree the shock is not as big effect on price as it did the last few years, however, it will still the primary catalyst for the next run up.
1.8% to 0.6% inflation rate is a 50% drop in inflation rate.
Now there are 300k coins to be mined in a year. After the next halvening, 150k coins per year.
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2 sats \ 0 replies \ @cryptocoin 2 May 2022
Here's a Twitter account that daily posts a chart and days til halving:
https://twitter.com/btc_halving/status/1520398084613750785
Countdown:
https://bitcoinblockhalf.com https://www.bitcoinclock.com http://www.thehalvening.com
Issuance:
https://www.blockchain.com/charts/total-bitcoins?scale=1&timespan=all https://satoshisperperson.com
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0 sats \ 0 replies \ @02174b3c39_lntxbot 8 May 2022
This beat-up seems to be becoming more common and ... so what? If by supply you mean issuance, yes, that is going down. If by supply you mean stock, that will continue to increase, only more slowly.
You should say stock, because that is the foundation of stock to flow. Since bitcoin isn't consumed by use, like most applications of gold, it's issuance AKA flow isn't really that important to supply/demand from which you might be trying to FOMO some kind of price pump.
Whatever, it's two years away, and that is lifetimes in the rapidly changing world of 2022
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