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0 pointsvmception6y ago0 comments

Its like when Saudi Arabia and all OPEC nations cut their oil output in half, without all the drama.

easy to understand right?

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4 comments · 1 top-level

tootie6y ago· 3 in thread

Oil value is based on supply and demand. Bitcoin value is purely arbitrary.

a halving has nothing to do with its value. demand stays the same, supply cut in half. analogy fits no matter which asset class you happen to respect more

lkbm6y ago

Supply growth cut in half. Unlike oil, BTC doesn't get used up.

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tootie6y ago

I suppose it's more apt to say that demand is arbitrary. Demand is currently based on perceived demand.

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