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RE: What is a Halving and how does it affect the Cryptocurrencys market?

in Project HOPE4 years ago

Dear @lenonmc21

Finally some topic that is not related to C-19 or justin or hive :) Tadam! :) Something more refreshing

I stronly believe that most investors already prices in effect of the famous Halving. It surely will reduce sellin pressure, however halving itself will not bring demand. I personally wouldn't expect miracles (as many people do).

in my opinion cryptomonies are the answer to many current economic problems,

Partly. Currently the biggest economic problem most investors, business owners and house owners are facing is related to credit crunch. Everyone needs FIAT to pay loans, debts, morgages, taxes. We need FIAT to survive once our jobs will be lost. We need FIAT to keep our businesses alive during those difficult times.

So demand for FIAT is huge and as long as current crisis will last - it will most likely continue. At the same time amount of printed new money will flood markets. And in the future I would expect that major problem (once C-19 crisis will be over) to be related to inflation. That will be the time when we will witness huge demand for assets (gold, silver, crypto, land, houses etc).

But will that happen as fast as next month? I hardly doubt so.

Have a great weekend ahead,
Yours, Piotr

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You are very right friend @crypto.piotr, I agree, if we can be sure that in a medium to long term this will happen, however, what you say is what is happening right now and I don't think it will happen very soon either.

Thank you very much for that valuable comment, greetings.

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