re: Official CryptoTalk Thread

Never been gone

What’s resistance? Over 46?

Yea I want to stake Fi in their app for the APY

cant let myself do it idk

Seriously. I marked it as a total loss. Something is definitely better than nothing. Maybe this newco pans out though.

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Seriously. I marked it as a total loss. Something is definitely better than nothing. Maybe this newco pans out though.

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What did you get back? Need to check with a buddy who lost a shite ton of link over there

It looks like it’s about ready to rip.

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What did you get back?

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72% of what you had in there, paid out in Eth and BTC.

Except it was 72% of the bottom.

So less than 1/3 of what it shows you have in the app.

and BTC.

Can’t really see much upside yet since halvening hasn’t even happened. Dont see it going past the old ATH until after summer. That said, the window to get in on this is closing.

Which will have a bigger impact on Bitcoin's price through 2025, the halving of Bitcoin' s new supply in April or the Bitcoin Spot ETFs? My instinct says the halving event, but current math possibly says otherwise.

On Thursday, the net inflows to the ETFs was $403M. Then on Friday the net inflows hit $405M. Both were all time highs so net inflows are currently increasing and are at just over $400M daily. Will this level keep increasing for months on end or at least average $400M daily over the next two years? Hard to say what the average daily net inflows will be over the next two years.

Now look at the halving event. Currently miners are creating approximately 900 new Bitcoin daily. After the halving event in April, the number of newly created Bitcoin drops to 450 daily.

In today's pricing,
450 Bitcoin times $47,000 = $21.15M

If the Bitcoin halving were today, the ETFs net daily inflows at $405M (Demand) dwarf the impact of the halving event $21.15M (new Supply) by roughly 19.15 times.

Am I wrong, or do the ETFs appear that they will have significantly more impact on Bitcoin's price over the next two years? If I am right, and the upcoming halving event alone would cause it's "normal" significant rise in Bitcoin's price, then we are in for perhaps a monster parabolic rise in Bitcoin's price over the next two years.