Posts about Bitcoin
The halving is coming and it's coming fast. Less than one year left until we reach the pivoting moment where once again the block reward for Bitcoin gets cut in half. This will be the 4th Bitcoin halving in history. 40,000 blocks left.
Speculators will continue to speculate, predicting the price will go up because of this event but to me it's exciting either way. You will be part of history seeing this play out and for me this will be my first time being able to watch it happen live. So stay humble, stack sats or whichever cryptocurrency you are accumulating and be patient. Hopefully all this effort waiting and enduring the crash of 2022 will be rewarded.
Historically speaking the actual day it occurs not much happens with the price and we still spend some time going sideways, likely will happen this time as well.
It is time… time for another trip to the very remote part of Bitcoin as the King of Crypto and a trip that will probably cause a lot of hindsight already for many of us. But as we usually say, hindsight is 20/20. Of course you could have made better decisions in the past, we always could do that, but looking back now that does not change anything except wasting your time and brain power.
Today we are going back to 2010, BTC is not even two years old yet and basically just a currency that is known by some handful of software engineer nerds. Satoshi Nakamoto is still very active around the development of BTC and we have now just hit the price of 1 cent. Yes, in this year BTC hit $0.01 for the first time and even want on to close that year at $0.09. Everything afterwards is just history with countless parabolic moves up.
Here we have a chart that shows the absurd gains of BTC ever since. We went from $0.09 in 2010 to $26.9 in 2011. A 2.960% gain in just one year. We would be very lucky to get that in one decade right now.
A quote to counter hindsight I like, is that we should view life as a game of chess. We can not undo a bad move, the only thing we can do is to look for the best possible move in our current situation and many are already doing that by buying and DCAing into Crypto now.
