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Author Topic: What do you expect from miners to do after halving ?  (Read 965 times)
uki
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May 12, 2016, 06:31:33 PM
 #21

I think a lot of miners will stop with mining because it will not be profitable anymore, I hope they will save now some bitcoins so they can still make profit with the halving, I would reallt consider this as a miner.
Don't cry for miners. The biggest miners are also one of the biggest whales. And this is unfortunately a bad news. They may use their coins to push the price down, while waiting for the difficulty to adjust hedging thus the lower income from mining with the gain from collecting back the coins at the lower prices from the smaller investors, who will get scared seeing losses instead of halving pump.   

That is a good point. Had not thought about that. But it can go wrong if the dump is such that people lose interest in Bitcoin on a big scale
Actually, the lower it goes the better for them, as they will earn more collecting back Bitcoins at lower levels. People who lose interest in Bitcoin will be substituted by the new greedy people who yet need to be burned. Same as it worked after the Mt. Gox crash. Rinse and repeat.

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