Not until your subsequent posts I didn't.Yes I was in error in describing hash as hashtag but I think you knew what I meant.
Why isn't it rational? The amount of Bitcoin in circulation will drop. Bitcoin mining farms have real world expenses in FIAT. They have to sell the 'reward' that they receive for mining. Half of that reward is going to disappear yet they have the same expenses.As I have explained in another post there is no rational reason why halving should have any effect on the price but I take your word for it that this has been past experience. That is an empirical observation but I presume you have no rational explanation as to why it should be so.
There is plenty of market irrationality but I don't think that specific point is an example. Furthermore, there can be all manner of irrationality on the market end of things and yet still be something tangible at the core of the technology. There can still be a utility in terms of electronic money.Why would I expect crypto pricing to be rational, silly Duke