MERS (which is the little brother of this one, and also a coronavirus) started in Al-Ahsa in May, the temperature for that region during the start of the disease was over 40°C...so, all we can do is speculate right now, and I do hope this one has nowhere near the resistance of sars and mers or we're ..f...
Let's just say that I am trying to stay positive.
Wow, aren't you bearish... You're saying "prior", does that mean you're anticipating a scenario with under 4k per coin during to the halving? That would be brutal!
I don't really think the halving will have any considerable effect on the price, I have already explained why in another topic.
We currently have 18,267,225 BTC, when the halving comes there will be 18,375,000, and so we already have 87.5% of the max total supply, the four years period that will follow the coming halving will add exactly 1,312,500 to the supply, so in other words, instead of adding 2,625,000 BTC from 2020 to 2024 you cut half of that (1,312,500).
Now taking the 1,312,500 as a % it only makes 7.14% of the total "to be" supply by May 2020, that is a very small percentage, too small to make the impact that many people expect it to make, if someone doesn't understand the numbers % wise, think about having a $100 and you spend $7.14.
comparing bitcoin daily volume to that 7% cut in supply over 4 years makes the halving even less important, the two previous halvings were completely different, they happened during "good times" and the overall market structure was bullish, the amount of btc reduced was a lot more in terms of % to available supply and trading volume, I can write a dozen words explaining why the 2020 halving would make little to no difference in terms of price, and given the current market situation with all the mess caused by the Coronavirus, I don't see why
BTC can't stay under 4k both before and after the halving, I really hope I am wrong (I usually am
).
I know you said once you have dirt cheap power but is that cheap so you would still be able to mine in if this scenario comes true? Lucky !!!
I do, I have 30kw for free, I still pay rent for that place so if profit =< rent then I am screwed, but that can only happen if bitcoin price drips really really low, I think even at current diff I can still go on at
BTC price of $1500, for the other gears I have elsewhere I still not have to shut down but profit will be too little to bear the headache, mining is not just about cost per kWh, there are always on-going expenses and time invested, I count those factors too and believe it or not, even at 0 cent kWh rate, some will still lose money mining, I and those who have free or supper cheap power will be the last standing in the game, but I certainly prefer higher prices and higher diff than the opposite.
Thank god the panic selling and exchange rush has stopped for while...
This is probably because of the federal bank reducing interest rate and printing $700 billion out of thin air? but that IMO is not enough to hold the markets for long, they need to print more.