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Off Topic Does anybody understand bitcoin?

Discussion in 'Hull City' started by Plum, Jan 10, 2018.

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  1. TheCasual

    TheCasual Well-Known Member

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    The halvening happend over the weekend. This is where the fun really starts here.
     
    #581
    TheCasual, Apr 22, 2024
    Howdentiger2 likes this.
  2. Kalman

    Kalman Well-Known Member

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    I stopped using Coinbase when I realised you couldn’t buy Monero on it.
     
    #582
    Kalman, Apr 22, 2024
  3. Edelman

    Edelman Well-Known Member

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    If people Are expecting the same rise in the price that happened in 2020 with the halving they will be disappointed it isn't realistic
     
    #583
    Edelman, Apr 23, 2024
  4. originalminority

    originalminority Well-Known Member

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    Is the halving more of a cleaning up operation of the bitcoin miners and not necessarily for pushing the price, is it a fixed 4 yearly thing?
     
    #584
    originalminority, Apr 23, 2024
  5. Cityzen

    Cityzen Well-Known Member

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    Miners? Shouldn’t they be redundant instead of causing climate change?
     
    #585
    Cityzen, Apr 23, 2024
  6. eimaj

    eimaj Well-Known Member

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    It's meant to counter inflation; reducing the amount of new coins generated, making each one worth more, in theory.
     
    #586
    eimaj, Apr 23, 2024
    originalminority likes this.
  7. TheCasual

    TheCasual Well-Known Member

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    I expect Bitcoin to hit about $150k which would be just over 2x the previous cycles all time high. Previous cycle had 3.5x of the previous cycles all time high.
     
    #587
    TheCasual, May 8, 2024
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