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The halving events and price fluctuations are secondary to the fundamental principle of decentralization, which offers independence from centralized systems and financial freedom.
If price doesn't go up, some miners can't continue with half the revenue they were used to, and capitulate after the halving. This means less miners left with more power, so more centralization in mining which is a bad thing.
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Perhaps edge cases like ordinal pumps and fat finger transactions will help for a bit. To elaborate, I do think it will cause the price to increase dramatically, but the timing will be unpredictable.
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