Crypto Gordon here with a few deep thoughts about what comes next, and how that affects the next after the next next.
Read 5X fast then let's get real, yo.
So, there's this thang called the halving expected to take place in May, 2020. That's right around the corner. As I write this, Bitcoin has been rising from $6900 upwards of $9800 and who knows... if it's the usual whale action people usually get psyched out by, it'll take an unexpected dive and start the process all over again. But, if things are starting to perk up, and all the little altcoin crazy pumps keep circulating, this could have a ring of real bull action going on. There is always the rumor that hits before the real action takes place, and in crypto if it lasts more than a week, it's a lifetime. Things move quick here in cryptoland.
So, what gives with the halving? The miner's fees are cut in half, and the difficulty goes up. It was pre-designed to happen every few years, at very specific blocks. Once the entire networking process reaches a certain point, the halving kicks in. In the past, it has been known to make Bitcoin pump. But, it has also taken different form than everyone expects. Once expectation meets up with reality, the market always responds and usually there is a sense of gloom and doom. And then, the actual activity happens. What is the real affect of the halving. Well, this time it is a little bit different. Every stake in the history of new money frontiersville is an unknown. It is all theory meets the real world.
What will governments have to say? What will the coronavirus do to the next months and even years of mining? Will there be a shift in where centralized mining farms gather to keep the wheels turning? How will ETH 2.0 road map connect to the potential mooning of Bitcoin?
There's a lot at stak; in fact probably about $100 Billion when taking the actual value of market movement is factored in, and not just number of trades. In actual ownership of coins and custody on large exchange brokerages, there's probably closer to $1 Trillion already centered around the "what comes next?" questions that are right around the corner.
This could be major leaps for crypto, a major unseen upset, or something incredibly boring in-between.
And, why not? We've seen it all before in crypto, eh? I am certain many thought that the collapse of Mt. Gox was the end of it all. ALLLL of them Bitcoins gone. What a bunch of losers, them guys, eh? I mean seriously, Billions of dollars centered around a nerd's fascination with magic the gathering, and no one could see that disaster coming? Really... seriouslllllyyyyy? Mt. Gox yesterday, Binance today; CZ quite the polar opposite to the massive warning label on days gone by. But, hindsight is 2020, and check us out, we're living in 2020 now! So, will we truly learn from the past?
We're about to find out.
And those are just a few thoughts I've had about the halving and the future of crypto. Ah, but I'm just gettin' started, ma'am.
Thanks for reading!
Gordon Freeman Out.
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