The inflation rate will be cut in half (block reward for successfully mining a new block drops from 12.5 to 6.25 bitcoins), but the circulating supply is still over 18M bitcoins minus all the "lost" private keys. In the past halvenings, bitcoin price didn't shoot up until after a couple of months...
The horror!! Somebody correctly called it inflation rate! And let's add to the supply all the forks. So what is it, like 54M or more? But you are correct on the last time when big nothing happened, aka priced in.
Just in case you are not a troll. Tethers can be used to purchase Bitcoins. Tether are created out of thin air, by BitFinex. All that BS about Tethers being backed by anything came out to be a lie. So, what do we have. I made up shit that is allowed to function as if cash, with the sole (real) purpose to keep Bitcoin and others cryptos up.
First of all, Teether is a completely different crypto that you somehow felt the need to bring up to make Bitcoin look bad. And even if Teether is manipulated, it still holds more value than any American dollar that you trade with. Next time do some research before going into an argument that you know nothing about...
It is quite simple - Tethers are being created by BitFinex out of thin air. They can create as many as they want. Then Tethers are used to buy up cryptos to lure public in. Essentially they telling the world that Tethers and USD, EUR, GBP are the same thing. when cryptos will be traded with real currencies only then we can start real debate about crypto validity.
https://www.elitetrader.com/et/threads/sp500-back-to-3300-by-end-of-month.341602/ Please, stop... Not worth it. Save your energy.
Thanks, but you cannot add the supply of all the forks, and the reason is because they are on different blockchains. If you buy 100 bitcoin cash coins, you do not own any bitcoin btc coins. You know this, but just to reiterate, the monetary value of owning 100 bitcoin cash coins is a lot lower than owning 100 bitcoin btc coins. And what I was trying to say was that after the halvening, bitcoin btc may spike up in $ value after a few months. No guarantees, though.