2 Days countdown for halving. Come and leave your idea.

[adaseb]

Alot of the miners were prepared months in advance for the halving. Halving is nothing new to BTC miners. The only miners that might shutdown their equipment is when all of a sudden they look at their pool stats and they are making half somehow. These are the novice miners which only represent a small percentage of the overall network. Most BTC miners unlike ETH are large farms with great electricity rates with the grid. They arent home miners paying $0.10 kwh.

People assumed this back in 2016 and they were expecting the network to halve in hashrate and the blocks to be 20 minute long. However look what happened instead. From the hashrate charts it looks like it remained the same after the halving. Because it was known way in advance what will happen. The difficult should retarget in 6 days after the halving anyways so even if 20% of miners leave the difficult will adjust fairly quickly and we will get 20 minute block times back.

[Free1bitco.in]

Only 2 days to rewards [https://tokenview.com/en/half]halving [/https://tokenview.com/en/half]and we just witness $10,000 bitcoin again.

But still feel wired. May be next few months won't be easy

What's your idea? Any opinion about network security, market or anything you wish to say are fine.

after reaching the price of $ 10,000 yesterday, the price of bitcoin has now dropped to $ 8k. for now, I have no idea what happened. so far even halving less than 2 days. I think that currently, the price of bitcoin can reach a high price. however, the price is stable in that range. Well, I hope that the price of bitcoin can recover above $ 10k.

[stompix]

The only miners that might shutdown their equipment is when all of a sudden they look at their pool stats and they are making half somehow. These are the novice miners which only represent a small percentage of the overall network.

All the miners will look at their earning and they will make zero!
The reward having will happen Monday night, the difficulty adjustments will only happen one week after.
So, everybody will make at least for one week half of what they were making.

People assumed this back in 2016 and they were expecting the network to halve in hashrate and the blocks to be 20 minute long. However look what happened instead. From the hashrate charts it looks like it remained the same after the halving.

You're ignoring one thing, the advance in efficiency.
Till the middle of 2016 the best gear available was something like the s7, then bitmain launched the s9.
4.7 Th, 1210 W, 0.25 W/GH
14Th , 1375 W , 0.09 W/GH

That's an increase in hash rate for the same power consumption of 2.5 times.

The difficult should retarget in 6 days after the halving anyways so even if 20% of miners leave the difficult will adjust fairly quickly and we will get 20 minute block times back.

I doubt that part!  

[bitgolden]

Only 2 days to rewards [https://tokenview.com/en/half]halving [/https://tokenview.com/en/half]and we just witness $10,000 bitcoin again.

But still feel wired. May be next few months won't be easy

What's your idea? Any opinion about network security, market or anything you wish to say are fine.

I can't believe we are already at around those days. We have been "waiting" for halving for so long that I was expecting it to never come at one point. Right now we are actually doing not that bad honestly because we already increased in price a lot already. Maybe we could do a bit better, or maybe we could do a bit worse but I think the halving is already priced in and there won't be a big increase or decrease.

I see the price being around $8k and $12k for months, at least another month to me. Sure maybe we could be doing a lot better or worse but that is just my idea on how we are doing to do. In the end halving is here, and no matter what we think will happen, we only have to wait couple more days to see if we are right or wrong and won't have to wait for too long.

[lunnatic]

before halving the price of Bitcoin fell by $ 1000. very disappointing for me, this is not a correction in my opinion, I think bullish can still be strong, but bearish could have taken over if the bearish sentiment continues to come

[davis196]

yes, help me out here ..

we know for sure that if there's anyone who is definitely NOT going to sell any btc after the halving takes place, this is the miners.

Ok, he miners won't sell.
We won't sell either but we won't even buy, because we are the smart guys (not me, you of course).

So, who the f**k is going to buy btc?

that's my simple question


ps: I assume mediatic hype about the halving already had its peak last week, so unless a new high is reached I guess main-stream media won't be talking about bitcoin anymore for the time being

The miners probably won't sell BTC.So what?The crypto whales and crypto exchange platforms are hoarding way more Bitcoins than the BTC miners,and they can sell anytime they want.
You say that nobody is buying Bitcoins.Then why the Bitcoin price isn't zero dollars right now?If there's no demand,there's no market liquidity and no value.There's definitely demand for Bitcoins,but it is very unstable.
I would be glad if the mainstream media stopped forever talking about Bitcoin.90% of their talking about Bitcoin is just pure FUD.

[niccolo_21]

yes, help me out here ..

we know for sure that if there's anyone who is definitely NOT going to sell any btc after the halving takes place, this is the miners.

Ok, he miners won't sell.
We won't sell either but we won't even buy, because we are the smart guys (not me, you of course).

So, who the f**k is going to buy btc?

that's my simple question


ps: I assume mediatic hype about the halving already had its peak last week, so unless a new high is reached I guess main-stream media won't be talking about bitcoin anymore for the time being

I was thinking, may be I was wrong: miners DO sell!! Indeed they need to sell in order to gain a profit and make their mining sustainable.

The interesting part is still trying to figure out possibile scenarios after the halving takes place.

Let me understand something: the moment after the halving takes place miners will be earning approx 50% of what they earn now, is this right?

Because they still have the same costs but they get 50% less bitcoins for every block, so they can actually sell 50% bitcoin less. Is this right? (of course this is just for sake of understanding, this willingly ignores hypotetical hashrate reduction and eventually difficulty adjustment)

[DoublerHunter]

Only 2 days to rewards [https://tokenview.com/en/half]halving [/https://tokenview.com/en/half]and we just witness $10,000 bitcoin again.

But still feel wired. May be next few months won't be easy

What's your idea? Any opinion about network security, market or anything you wish to say are fine.

^ Exactly, we are almost there and only days count. Bitcoin's price probably shaky because of the upcoming event but it is normal like what happened in the past halving. There is possible that it gives no guarantee on what will be the effect after the halving but rest assure bitcoin will still cope up after a short period of a dump on the price. Nevertheless, we don't need to feel weird nor any negative emotion for bitcoin has proven to us it's capability despite the crisis or economic instability.

[TheGreatPython]

There has been a lot of increases and decreases recently all due to the halving, we really don't know what is going to happen but it started to feel a lot like a pump and dump with a reason honestly. Right now there are way too many people who think that bitcoin is going to go up because of the halving, there is also a lot of people who think bitcoin will go down as well.

I am not sure which one I am right now but I can see that some rich people have waited until bitcoin increased in order to sell, they waited and saw people were getting optimistic and increased the price because of halving. After the price reached a new high, they basically sold right away to take that profit instead. It makes sense for them since otherwise they would have made less money and this way they sold bulk on higher price.