What is a Bitcoin 5-stage step?

Many of the analysts and investors who are convinced from the conditions such as “half life” and “Bitcoin ETN” have many information on this rise of Bitcoin, and the information on the five steps taking place in the Bitcoin market I will share it.

Bitcoin prices are expected to gradually rise toward the “half-life” scheduled for May 2020. In fact, prices have begun to recover rapidly from around last month You

"Lemonmule" who is a user of the bulletin board site "Reddit" continues to rise, with the bitcoin market repeating "the movement divided into five phases" based on the long-term chart from 2011 to now I am reporting that.

When it reaches half-life, the rewards of mining bitcoins are literally "half".

More specifically speaking, the mining reward that had received “12.5 BTC per block” will be reduced to “6.25 BTC per block” in the next half life.

This will increase the price as it will reduce supply.

Looking at past data, Bitcoin prices have started to rise sharply from “3 to 12 months before the half-life,” so the price increase this time is almost the same as in the past.

Mr. lemonmule has color-coded the bitcoin chart from around 2011 to the present for each period, and has posted an image describing the price trend of bitcoins that will be traced by 2022.

Https://bittimes.net/news/56571.html

As you can see from this image, there is a "certain regularity" in the past price fluctuation movements of Bitcoin,

・ Strategy field (blue)

・ Decrease (orange)

Accumulation period (red)

・ Extension period (green)

・ Reaccumulation period (yellow)

It is shown that the market is being repeated by the movement divided into five steps in total.

When “210,001 blocks” were generated in November 2012, Bitcoin's mining fee decreased from “50 BTC per block” to “25 BTC per block”.

About a year and a half before this half-life Bitcoin had a maximum price of about $ 30 (about 3,000 yen), but after the half-life of 2012, it will greatly exceed this price and will be about the end of 2013 It has risen to $ 1,100 (about 120,000 yen).

The subsequent "falling market" lowered the bitcoin price to nearly 30,000 yen, which is about 10 times the high price before 2012.

The same behavior is seen after the half-life in 2016.

By the time the half-life is reached, the price has already recovered to near the record high at that time, and after the half-life it easily exceeds 120,000 yen and reaches $ 22,000 (approximately 2.4 million yen) by the end of 2017 .

Since the bitcoin price has fallen to nearly 350,000 yen by the 2018 falling market, it can also be seen that the range of decline is a little larger compared to previous movements.

As of May 20, 2019, when the price has recently risen sharply, the price will rise gradually from now on because it will be a "growth period" of green or a "re-accumulation period" of yellow, and the price will rise sharply again Is expected to shift to the "bullfield" where

The next half-life is expected in May 2020.

According to Mr. lemonmule's forecast, the reaccumulation period is expected to continue until this half-life from now on, but the forecast line showing the price transition shows a gradual increase.

It will recover to about 1 BTC = 2 million yen by the end of next May, when the half-life will actually reach half price, and the price is expected to rise to nearly $ 140,000 (about 15 million yen) in the next bull market.

Recently, it is expected that the bitcoin price will reach 100 million yen by the end of 2020, but the new high of 15 million yen is a realistic figure if you think based on the past data It is considered.

Since the number of people actually holding bitcoins at present is very limited compared to the number of people on the entire earth, if a large number of new entrants participate in the virtual currency market for some reason in the future The price may reach 1 BTC = 1 billion yen, but if you consider it comprehensively based on the current situation, it may be said that the price of 15 million yen is more likely.

If you look at the history of various market prices, it is often the case that the same phenomenon occurs repeatedly in the chart.

This time, it is considered based on "half life" which is an event peculiar to Bitcoin,

Because it is a movement that has happened many times in the past, it can be said that it is highly reliable.

It is good to remember as one information.

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