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Re: deddhedd post# 21600

Wednesday, 03/25/2020 10:18:04 PM

Wednesday, March 25, 2020 10:18:04 PM

Post# of 26491
First let's toast to Jerry!! Then here's some info. The halvening as they call it happens no matter what happens in the world. Usually Bitcoin does go up after each one. And remember there are only 21 million Bitcoin that will ever be produced. The halvening does not create more Bitcoin. It actually makes it harder to mine new ones which makes the supply already in the market more valuable. The new ones are not new ones above the 21 million. They just have not mined all 21 million yet. Short term we have chaos in all markets. So it's really tough to take a position now if you are trading swings. But long term the printing of 6 trillion new dollars is going drive the dollar into oblivion price wise. More dollars equals more supply so each dollar worth less. So since Bitcoin can never have more than 21 million it makes it very enticing since they just can't print more. I suggest reading every article you see. Don't get caught up in the bullish or bearish nature of the article however as many are just selling adds which is why they write an article every minute. But there is always good info. About Bitcoin itself. Long term this will skyrocket in my opinion. But we may take another dip first due to the psychotic nature of all markets right now. But no one knows for sure. Just don't invest more than you can afford to lose in the short term. I invest both short term and long term. I own shares here that I won't sell for a long time but trade the swim gs with other shares. Good Luck.
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