so ALOT has changed sense the time before the first halving... the first time I saw a "mining Operation" which make no mistake, It was the most successful and profitable mining ops I have ever seen! and it was comprised of maybe 30 XBOX originals that had been bought and scraped together from other stoners at the university and daisy chained in a circle of 3 main terminals with hugh cooling fans blowing everywhere and literally some graphics cards sitting over top of buckets of ICE that had to be refilled every few hours!!! It looked like the house of mad-genius's trying to hack into the NSA when in reality it was 3 Univesristy of ___________ _______________ at ____________ student coders who had stumbled upon a little project while on the boards they so faithfully trolled and as they learned about Bitcoin they decided why not give it a try! these guys are doing something cool and we can do it with ease and with a few tossed out video game consoles... the more blocks they hit(they marked off a block every time one was hit someone would jump up and check a mark off on their board and then they would split the rewards at the end of each week) I was told by the owner of the house that when they added the last of the "Rigs" to the chain of miners that they were hitting roughly 18 BLOCKS A DAY... A DAY! using around 800$ of equipment they were hitting roughly @ todays value SIX MILLION DOLLARS worth of BTC A DAYYYYY!!! I cant even imagine how many 100s of millions it would take to build something that could mine anywhere near 1000 BTC a day now! they were mining the unthinkable I SAW IT!!!!
I kick myself every day and am reminded to be open minded to all new financial ideas because I passed on so many disgustingly cheap BTC offers (like 1000 or 2000 for 20-50$!) because I thought the government would surely squash it all and I thought for sure if it krept anywhere near a dollar they would all be imprisoned or assasinated! i even told them that! Oh how wrong i was!!!when BTC became valuable and they expanded their mining ops at last count the old whiteboard had just over 40,000 BTC worth of blocks on it... I don't know how many were sold where, I know that about 20% weresold off between 60-100$ and that was enough to hold until 1300, were i believe a larger portion was sold solidifying over 100 million dollars and mega fortunes for my once poor, smelly stoner dork friends... god the agony of how I LAUGHED AND MADE FUN OF THEM! never again.
Back to the halving, With all the new Alts, forks and forks of forks of forks I think that BTC will still have its massive market dominance but it will be tampered by the massive spread of ETH tokens erc 20s 30s, Hybrid POW/POS, all this money that in the beginning COULD ONLY BE PUT INTO BITCOIN CAN NOW BE DIRECTED AT THOUSANDS OF COINS!!! THIS IS CRUCIAL WHEN LONG CHARTING!!! if this spread of crypto wealth is not accounted for in some measure then your charting blind! period. now that being said we have yet to see a crypto market cap even peak into the TRILLION dollar range yet (we got soooo CLOSE!) so that being said I BELIEVE THE MARKET CAPs next peak will be in the 2.3-2.6 TRILLION DOLLAR RANGE... so even though BTC has little competetive flies buzzing around its little toes, it will have a much bigger pie to take the majority of!
Think about it... If GOLD/SILVER can hit a SEVEN TRILLION DOLLAR M.CAP... why can crypto not climb into the trillions or even surpass that of gold!??? there is more intrensic value and far more trading power in crypto than in that of GOLD, Gold is just a long dead cat bouncing asset that will always safely hold SOME value but its not 1700 and we dont make many crowns or golden Swords anymore! gold is a dying investment and Digital Assests will see more and more traditional asset wealth migrate into the blockchain and this will drive the prices to hieghts my friends from college never dared even dream! I remember when someone suggesting a 50$ Bitcoin was LAUGHABLY OUTRAGEOUS... SERIOUSLY... we would crack up and say "yeah and then 100! hahahahaha!" so, point being not 7 years later it was at 19,700.... literally 500 TIMES higher than we thought was an outrageous dream of stoned idiots! so, HODL Onto your BUTTS! its gonna be a WILD RIDE! #STACKCOINS&wait4THEMOON!
I kick myself every day and am reminded to be open minded to all new financial ideas because I passed on so many disgustingly cheap BTC offers (like 1000 or 2000 for 20-50$!) because I thought the government would surely squash it all and I thought for sure if it krept anywhere near a dollar they would all be imprisoned or assasinated! i even told them that! Oh how wrong i was!!!when BTC became valuable and they expanded their mining ops at last count the old whiteboard had just over 40,000 BTC worth of blocks on it... I don't know how many were sold where, I know that about 20% weresold off between 60-100$ and that was enough to hold until 1300, were i believe a larger portion was sold solidifying over 100 million dollars and mega fortunes for my once poor, smelly stoner dork friends... god the agony of how I LAUGHED AND MADE FUN OF THEM! never again.
Back to the halving, With all the new Alts, forks and forks of forks of forks I think that BTC will still have its massive market dominance but it will be tampered by the massive spread of ETH tokens erc 20s 30s, Hybrid POW/POS, all this money that in the beginning COULD ONLY BE PUT INTO BITCOIN CAN NOW BE DIRECTED AT THOUSANDS OF COINS!!! THIS IS CRUCIAL WHEN LONG CHARTING!!! if this spread of crypto wealth is not accounted for in some measure then your charting blind! period. now that being said we have yet to see a crypto market cap even peak into the TRILLION dollar range yet (we got soooo CLOSE!) so that being said I BELIEVE THE MARKET CAPs next peak will be in the 2.3-2.6 TRILLION DOLLAR RANGE... so even though BTC has little competetive flies buzzing around its little toes, it will have a much bigger pie to take the majority of!
Think about it... If GOLD/SILVER can hit a SEVEN TRILLION DOLLAR M.CAP... why can crypto not climb into the trillions or even surpass that of gold!??? there is more intrensic value and far more trading power in crypto than in that of GOLD, Gold is just a long dead cat bouncing asset that will always safely hold SOME value but its not 1700 and we dont make many crowns or golden Swords anymore! gold is a dying investment and Digital Assests will see more and more traditional asset wealth migrate into the blockchain and this will drive the prices to hieghts my friends from college never dared even dream! I remember when someone suggesting a 50$ Bitcoin was LAUGHABLY OUTRAGEOUS... SERIOUSLY... we would crack up and say "yeah and then 100! hahahahaha!" so, point being not 7 years later it was at 19,700.... literally 500 TIMES higher than we thought was an outrageous dream of stoned idiots! so, HODL Onto your BUTTS! its gonna be a WILD RIDE! #STACKCOINS&wait4THEMOON!