Bitcoin Split Rumour

**Pokerface** · 9 March 2024, 1:47 am

We all know what rumours are like .....

Anyone hear any chatter about Bitcoin splitting?

**Sherlock** · 9 March 2024, 10:54 am

enlighten me

**Oliver Cooper** · 9 March 2024, 1:09 pm

It’s difficult to judge but if such rumors have appeared then you should be wary.

**Sherlock** · 9 March 2024, 5:25 pm

wary of rumors? in crypto? is this 2015?

**universal4** · 9 March 2024, 6:31 pm

Are you speaking of the halving?

Rick
Universal4

**Sherlock** · 9 March 2024, 6:41 pm

Originally Posted by universal4

Are you speaking of the halving?

Rick
Universal4

loool, splitting, halving, forking
who cares
do not beware of rumors
beware of people who spread them

**Pokerface** · 10 March 2024, 5:52 am

Sounds like probably just the mining reward splitting, not the actual coin.

**Sherlock** · 10 March 2024, 7:53 am

it does not sound like
it is the halving, the third in 8 years since it was mentioned on gpwa
it is something programmed into the code of btc until 2140
it is the main force under price hikes like swiss clock every 4 years

one would think that each 4 years people are more educated, but somehow the opposite is true

**xecutable** · 10 March 2024, 12:07 pm

Wouldn't count on it. Most people still see it as a bubble, on top of that buy high and sell low. Add to that buying etfs thinking they hold btc and the circus is complete.

**Oliver Cooper** · 10 March 2024, 3:11 pm

Looks more like 2021.

**Sherlock** · 11 March 2024, 11:01 am

What is happening is effect of halving. Just at least people who have money = not so big idiots as average others; realize that slashing the supply to half is brutal.

So they keep pricing in the halving itself so each 4 years of halving, the price and the ATH is happening sooner. I was surprised during last halving that the supply really had to dry out and price moved in 2021. Now finally the savvy investors who accumulated during last cycles can act little before the inflation of BTC drops under 1% (this drop is just another [and better] description of halving).

Thanks high fiat inflation we are finally in era when inflation of USD/EUR/etc is higher than inflation of BTC (ETH is much higher). And that is the driving factor.

**Strider1973** · 13 March 2024, 7:03 am

I think everybody here should understand the basic concepts of bitcoin, and that includes the halving of the block subsidy to 3.125 BTC which equals about 450 BTC/day sometime mid-April 2024.

Personally, I think the halvings will have less and less effect every cycle. I even think they won't matter anymore. One reason is that the block subsidies become smaller and smaller compared to total supply, and block rewards will consist of a higher and higher mining fee (total rewards = subsidy + fees).

But the main reason is the very high demand thanks to the US Bitcoin ETFs.

Net demand per week (net of GBTC outflows) is about 33k BTC (inflows of about 58k into IBIT, FBTC etc minus outflows of 25k from GBTC).

Even if we assume that 1/4 of this net demand is from existing BTC hodlers who wanted to move their coins from an CEX or from self-custody to a "safer" alternative at Blackrock, Fidelity etc... that still leaves us with a net demand of 25k BTC per week.
Compare these 25k to the weekly block subsidies of 6.3k respectively 3.15k from mid-Arpil on, you see that the supply from miners flooding the market (who usually don't sell 100% of the subsidies) is becoming minuscule.

This supply crunch is imo the main explanation of why we see the BTC price rocketing...

I also believe that the huge price movements we saw with BTC will become smaller. Not only because it's becoming bigger, but also thanks to various funds that invest into crypto (currently for example the Canadian Vanguard funds) which have to rebalance their crypto holdings after price changes! If such a fund says it holds 3% in crypto, and BTC doubles.... then it has to sell half of it holdings, reducing the price. If BTC price would drop by 50%, the funds would have to double it's BTC holdings, thus increasing the BTC price...

**Sherlock** · 13 March 2024, 5:35 pm

Every halving there is some pseudo-narrative. Tired of it. Halving is halving. Everything is spinning around it. Sh1tcoins, ETFs, everything...

https://t4t5.com/blog/the-bitcoin-ha...ll-be-reorged/ PANIC!!!!!
!!!
!!

**Oliver Cooper** · 14 March 2024, 4:54 pm

You definitely understand a lot more about this topic than I do. Thanks for explaining

**NoDepositCasinos** · 19 March 2024, 4:40 pm

Originally Posted by Sherlock

What is happening is effect of halving. Just at least people who have money = not so big idiots as average others; realize that slashing the supply to half is brutal.

So they keep pricing in the halving itself so each 4 years of halving, the price and the ATH is happening sooner. I was surprised during last halving that the supply really had to dry out and price moved in 2021. Now finally the savvy investors who accumulated during last cycles can act little before the inflation of BTC drops under 1% (this drop is just another [and better] description of halving).

Thanks high fiat inflation we are finally in era when inflation of USD/EUR/etc is higher than inflation of BTC (ETH is much higher). And that is the driving factor.

Hey, thank you for the explanations you and Strider1973 have provided in this post and in the poll about the price of BTC in 2030. I haven't commented because I don't know enough about the topic, so I don't have much to contribute, but I appreciate what I'm learning.

Thread: Bitcoin Split Rumour

LinkBack

Thread Tools

Search Thread

Display

Bitcoin Split Rumour

The Following User Says Thank You to Sherlock For This Useful Post:

The Following 2 Users Say Thank You to Sherlock For This Useful Post:

Posting Permissions