I asked in your previous post but I don't think you saw it.
What do you think causes the pretty consistent 4 year cycles with Bitcoin? Is there something mathematical or logical that causes the repetitive bull and bear cycles, or is it more of a psychological thing where people expect 2025 to be a bull year so they buy in and cause it to be a bull year? Or is it an organized whale thing?
That's an odd question!
It's common knowledge that the 4-year cycle is created by the halving event that happens every 210,000 blocks.
That's about 2,100,000 minutes or 3.995 years given 10 minute blocks (and not counting leap years).
It's assumed that less selling pressure from miners creates the cycle.
21M 21M 21M
You've been in crypto so long there's a better chance you're trolling me right now than asking a legitimate question.
But I'll give you the benefit of the doubt.
Pretty wild!
I SERIOUSLY FORGOT ABOUT THE BITCOIN HALVING.......!
Ah, I'm sorry man, I was thinking about external factors like institutes rotating assets or media coverage cycles and just completely forgot about Bitcoin itself.
Can we change our minds on this whole Hive blockchain is immutable thing? I'm not sure I want this convo to last forever...
lol sir that is fucking crazy
love it