Bitcoin Halving is occuring today
By snowy
@snowy22315 (170469)
United States
April 24, 2024 9:55am CST
I know most of you don't crypto or don't follow it. I have a small amount so I keep tabs on it. The reason halving is a good thing is because "Assuming a constant or rising demand, a decrease in supply usually results in an increase in price." Bitcoin was designed to have a limited amount available so when it halves it tends to drive up the price. It may not be instanteous though. Right at the moment it is worth more than yesterday, but it will be interesting to see what the coming days, weeks and months bring. When it gets high enough I am going to sell some to invest in a more secure product. Do you follow crypto at all?
7 people like this
6 responses
@snowy22315 (170469)
• United States
24 Apr
It seems good to experiment with. I think it is too unstable to invest alot in it though
1 person likes this
@snowy22315 (170469)
• United States
25 Apr
@LadyDuck It's probably here to stay, but who knows?it could get regulated out of existence. There seems to be quite a bit of fraud associated with it too.
1 person likes this
@LadyDuck (459122)
• Switzerland
25 Apr
@snowy22315 - I also do not feel comfortable to invest a lot.
1 person likes this
@snowy22315 (170469)
• United States
25 Apr
Yes, for now definitely. A mylotter's son son has done some of the mining.
1 person likes this
@snowy22315 (170469)
• United States
26 Apr
@DianneN I know it's noisy and they look for codes and use alot of data I think
...That's about all I know..
1 person likes this
@DianneN (247191)
• United States
25 Apr
@snowy22315 I have no idea what mining means
1 person likes this
@LindaOHio (157150)
• United States
25 Apr
I don't follow crypto. I converted my crypto to $ and haven't figured out how to get it out of my account. I must contact the site some day. Have a good day.
1 person likes this
@snowy22315 (170469)
• United States
25 Apr
You sure could as long as you have all your owords and contact info. You too
1 person likes this
@LindaOHio (157150)
• United States
26 Apr
@snowy22315 Thanks. It's only $16; but I do want to get it out of my account.
1 person likes this
@snowy22315 (170469)
• United States
24 Apr
I am not going to withdraw everything but I will take some out when it gets to a certain price point.
@florelway (23160)
• Cagayan De Oro, Philippines
25 Apr
I have a small amount invested on some crypto.
1 person likes this
@snowy22315 (170469)
• United States
25 Apr
Yes, I get alittle bit more when I can, but it isn't my favorite thing to invest in
1 person likes this
@florelway (23160)
• Cagayan De Oro, Philippines
27 Apr
@snowy22315 I was curious about it and that's how I started it.
