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randomuser2407
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It's actually going to stabilize at some point like back when it was at around 10 000 USD per bitcoin, this happens at every halving, the value rises quickly and plummets but stops dropping at a higher value than before. So basically, it will stop dropping at around 20 000$ or more most likely, then it will mostly stabilize there by going up and down around that value.
A halving is when the reward for mining bitcoin is cut in half, when this happens, it boosts the value of bitcoins. It happens every 4 years, if you look at the chart, you'll see that the same thing that is happening right now happened somewhere in 2016, and before that it was 2012. So the next halving should be in 2024 or 2025.
The best time to invest is when the bitcoin value is somewhat stable and has been for a while. Then, when a halving happens, you can make huge profits. Halvings happen to keep more bitcoins in circulation, otherwise they would all get mined too quickly.
A halving is when the reward for mining bitcoin is cut in half, when this happens, it boosts the value of bitcoins. It happens every 4 years, if you look at the chart, you'll see that the same thing that is happening right now happened somewhere in 2016, and before that it was 2012. So the next halving should be in 2024 or 2025.
The best time to invest is when the bitcoin value is somewhat stable and has been for a while. Then, when a halving happens, you can make huge profits. Halvings happen to keep more bitcoins in circulation, otherwise they would all get mined too quickly.