The software that controls the Bitcoin network is set up to cut the reward – the amount of Bitcoin a miner receives for solving a block – in half at regular intervals. The first halving in 2012 cut the reward from 50 bitcoins to 25. The second was in 2016 and cut the reward to 12.5. The next halving is expected in May of 2020. And as you can see, following each...
The software that controls the Bitcoin network is set up to cut the reward – the amount of Bitcoin a miner receives for solving a block – in half at regular intervals. The first halving in 2012 cut the reward from 50 bitcoins to 25. The second was in 2016 and cut the reward to 12.5. The next halving is expected in May of 2020. The charts typically show cycles in...
Markets work in cycles. They go from undervalued to fairly valued to overvalued then back down to undervalued. The famous saying “the bull climbs the stairs and the bear jumps out the window” is one I often use to describe how this works.
Put simply, when an asset is undervalued, it takes a very long time for it to return to the fairly valued section, and then...
