To be frank it's not like less people are there to spend on crypto. It's a general tendency of people who tends to FOMO in Bull market and Panic in Bear Market.
Halving causes miners to upgrade their mining systems. The difficulty increases and if you want to stay competitive you need to sell some BTC. That causes the price drop. The halving 100% affects the market
Sounds fair, halving may deepen the bear market then
It doesn't. The halving makes mining more difficult, which also means that any new BTC that gets minted is done at much lower rates (well, half the rate, hence halving) this means that as long as there's more money coming in, the price will rise faster simply due to the fact that BTC will be more scarce than it was previously.
sounds like a ponzi scheme to me.
Sounds like every financial market in the world?
If you can't understand how the financial market is effectively a huge ponzi backed by governments then anything I say will never change your opinion anyways.
Governments are bad, I know. Saving money for years, just to be eaten by inflation, stolen by government pricks. I know that. But giving your money to pay for electricity to run a giant cloud service which produces digital tokens is even worse.
