Shares & Derivatives
3rd wave of Bitcoin price discovery imminent?
By Side Hustle Rich  •  April 29, 2020
Over the last 24 hours, bitcoin has gained by almost 7%, from ~USD7,800 to about $8,300 as of the writing of this blog post. With the 3rd Bitcoin halving scheduled to occur in 13 days, you can feel the excitement blowing up on Crypto Twitter. The year following halving events have seen crazy things happen. At the first halving, BTC was at $11. It topped out at $1,038 in about a year. During the 2nd halving in 2016, it was hovering at about $650. We all know what happened in 2017. The price touched $20,000. Per Bitcoin. In fact, the price doubled within the month of November 2017, starting the month around $10,000 and reached peak BTC price towards the end of the month. So we know halving events typically encourage price discovery. With the price hovering around $8,000 now, we may see BTC at $9,000 at...
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By Side Hustle Rich
I’m Richard, creator of SideHustleRich. I created this site to journal my experiments, experiences and thoughts on working up multiple streams of income, in an attempt to achieve financial independence. I’m a happily married man and a father to two young boys. I don’t believe in working until i’m 65, maybe enjoy 5 years of retirement before starting to ache all over from basically growing old and tired.
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