You are viewing a single comment's thread from:

RE: What cryptocurrencies do you believe to perform well in 2020 and why?

in Ask the Hive4 years ago

I heard on a danish podcast where they talked about the halvening. They said, and correct me if i'm wrong cause i'm a crypto noob, but BTC takes x amount of dollars do stabalize the current price. If x amount of dollars is still poured into BTC after the halvening it will automatically make btc pump. Can you confirm that theory?

Sort:  

It is somewhat like 400million inflow of cash in btc to mantain its price above 6000$.
After halvening it will need about 200 million.
Don't know the exact numbers, but psychology plays a big part.

So if it still gets 400 mil, the price will increase right?