bitcoin circle with simple words ? - page 2.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: Dhdhskannhdu on January 20, 2022, 09:58:50 AM

but i wonder also what about the other years ? one year is bull year one year is bear year or something ? and the fourth year is also bearish ?
i tried to find info but i am so lost....

You can find in many websites charts like this one, that shows bitcoin price cycles with halving (4 year event, like jackg said)

https://www.investopedia.com/bitcoin-halving-4843769

this image is a bit old but you can get the idea.

This one is pretty cool too:

https://www.reddit.com/r/Bitcoin/comments/mh22wr/the_most_bullish_chart_ive_seen_this_cycle/

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Around every four years, there is a halving event where the block reward is halved. This reward is the only way new bitcoins are generated and it's paid to miners.

Thus every 4 years, the rate new coins are created also reduces and it can lead to speculators pushing the price of bitcoin upwards because of the reduced supply of new coins.

Dhdhskannhdu

newbie

Activity: 22

Merit: 0

Hello can anyone please explain to me the bitcoin circle with simple words?
i know that every four years miners get less rewards or they can sell it lower what they get or something...
but i wonder also what about the other years ? one year is bull year one year is bear year or something ? and the fourth year is also bearish ?
i tried to find info but i am so lost....

ps do you think the price will go more down? its now about 1btc=38000 euros

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