Halving Bitcoin price skyrocketed to $ 90,000. why not?

[jhonjhon]

There are many factors contributing to the price of Bitcoin, but you can't just say that halving the reward will double the mining costs as well. Even if that were true it would point us to about $15k-$20k at the current mining costs. But again some miners could drop out from the grid, some will add more equipment. Maybe Bitmain releases more efficient rigs. It is quite hard to quantify the cost of mining 1 BTC if you're not an actual operator.

Many countries have very low electricity fees that offer a significant advantage. So if anyone wants to get into Bitcoin mining I'd suggest researching electricity fees in various states around the globe. I think you can go as low as free electricity in some ares so you would only need to off-set the mining gear costs.

Exactly, mining cost may have an effect on the price but it isn’t the only factor that can affect bitcoin’s price. Mining can be very difficult nowadays as it is almost it’s limits and also technologies are advancing and new equipments for mining may require more energy that it is now which can be a factor that miners will drop out. However, regardless of what factor it is I don’t think the upcoming halving will skyrocket to $90,000 in a span of 2-3 months, I think if the halving will have a positive effect then it may give as a price between $15,000-$20,000.

[TheAndy500]

Unfortunately, but it can be quite the opposite, because miners may state that mining costs are too high. This means that their earnings are too low to pay for upgrading mining rigs. This may result in the capitulation of mining farms and the mass sale of mined coins, which instead of increasing the price, may cause its decline and a total disaster on the market. Of course, this is the worst possible scenario, but it is still possible.

That is a real possibility if the miners are not able to get the benefit then they will be selling off the hardware if they are any buyers, if the hardcore mining farms are not able to earn a profit then who will be purchasing those junk hardware is the biggest question  . But that can be a hypothetical situation but that still does not force them to sell of their coins all at once as they too can hedge for the future.  As for the crazy rally prediction, i am not buying those as it is not a  realistic price considering the scaling shortcomings we have.

As you wrote, there can be several different scenarios. The capitulation of miners is one of many possibilities. However, I have seen in the past very strange behavior of the Bitcoin price and at the beginning of 2017 I did not believe that in a year it would reach $3000 .. at the end it turned out that the price jumped to $20k. After this experience, I don't laugh of $90k, but I think it's too early for such a price to be achieved ... maybe in a few years.

[STT]

A price has to be useful to buyer, sellers and users of that commodity.   The market is larger then one section of it and the benefit to society is greater still and enough to extinguish products that have no use beyond speculation, we might want 90k to occur but we arent the most important part of the puzzle and thats why generally these things shouldn't happen without a force pushing us towards that event.

90k in just a few months is a failure.   I'm not anti BTC, but that amount of price alteration relates inaccuracy and the market failing to predict properly the correct price.   If we fell 90k to 10k it would be the equal to that event, thats how it should be viewed.   Every movement must be in balance to the opposite view and we got to have reasons for things to occur or its just nonsense and all the people who say BTC is false, a fraud and trickery will be proved right.
   They arent correct, we get lots of price moves both down and up because this is a live market and so 90k is beyond reason imo