IT BEGINS !!

crewy said:
not sure the bitcoin halving will be good for bitcoins price? Is there a chance the miners start packing their bags due to lower rewards and head to another network to mine or stake? Maybe buy some ether and start staking it later in the year? What is everyone’s thoughts?
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The halving shouldn’t have any effect on the price either way. If miners stop mining then the difficulty level will drop, so other miners will fill the gap. There will alway be someone happy to mine, even if there was no reward at all.
 
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if miners become unprofitable won’t they have to sell to the market causing a price drop? Could they just move there operations to bitcoin cash or another coin and hold?
 
crewy said:
if miners become unprofitable won’t they have to sell to the market causing a price drop? Could they just move there operations to bitcoin cash or another coin and hold?
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Sell what to the market? You don’t have to have a stake to be a bitcoin miner.
Yes they can move to another crypto.
 
Sell their previously mined bitcoins? So is it a general view that this halving will increase price by decreasing supply? I would expect that if there was a underlying use/demand for bitcoin other then as a store of value, like if people spent them regularly but it doesn’t appear as though many do? New to all this so thank you for any and all input
 
crewy said:
Sell their previously mined bitcoins? So is it a general view that this halving will increase price by decreasing supply? I
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Miners generally don't hold onto Bitcoin.

I don't see how the halving can effect the price over time. The amount of bitcoin being generated through mining is extremely small compared to the bitcoin being traded all the time, so the small reduction of new bitcoin coming from miners will not be enough to dramatically change the price.

be careful reading permabull sites as they think any reason will cause Bitcoin price to increase.
 
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'not sure the bitcoin halving will be good for bitcoins price? Is there a chance the miners start packing their bags due to lower rewards and head to another network to mine or stake? Maybe buy some ether and start staking it later in the year? What is everyone’s thoughts?'

IMHO there is no greater wisdom than saying, 'I have no idea!'

I don't follow the moment-to-moment of the mining. My interest is politics/decentralisation/cryptos. But what is clear is that, as Krazee Komplicated as crypto analysis has ever been, it's Xtra Krazee Komplicated at this point: 'chaotic equation' -- too many variables

Two big-picture notions, though:

One: countries like Turkey and Venezuela have shown that economic turmoil is, sigh, great for crypto adoption. And we certainly have economic turmoil incoming!

Two: the PoW-PoS discourse* is, after years of to and fro, clearly moving towards PoS: https://cointelegraph.com/news/bitc...to-proof-of-stake-says-bitcoin-suisse-founder

And I support this because climate-change mitigation is a pivotal interest for me. There are cogent arguments about Bitcoin (PoW) sourcing from renewable sources, etc.: but heck, it's a leccy-gobblin' monster.

*Bitcoin is classic 'Proof of Work.' Ether will shift to 'Proof of Stake.' PPC rates mention: friendly to newcomers. Wicked crypto for holding value. And you can check out the staking thing on your laptop wallet.
 
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Halvings, have always resulted in a price spike. Followed by a correction.

Is this time different?. I'm currently banking on the answer being no.

I'll return in a few weeks . I either missed a buying opportunity, or I was correct......only time will tell.
 
This halving is the biggest schmuck trade in BTC I've seen since 2009 - and there's been a lot.

Though, I would have punted on the drop just on the halving day or maybe day after. This is a bit early and the sucker’s rally didn't even look impressive.
 
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heartastack said:
This halving is the biggest schmuck trade in BTC I've seen since 2009 - and there's been a lot.

Though, I would have punted on the drop just on the halving day or maybe day after. This is a bit early and the sucker’s rally didn't even look impressive.
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BTC holding up well I may eat my words yet. Still looking for a break above 13k. However, I can't do much now without being screamed at about btc which feels pretty frothy to me. Spike up soon?
Speculation wise, I still think I'll make much more money on junior gold miners 10 bagging than needing BTC to go to 100k for the same reward.

Which alt coin do you think has the most leverage on a btc move?
 
heartastack said:
BTC holding up well I may eat my words yet. Still looking for a break above 13k. However, I can't do much now without being screamed at about btc which feels pretty frothy to me. Spike up soon?
Speculation wise, I still think I'll make much more money on junior gold miners 10 bagging than needing BTC to go to 100k for the same reward.

Which alt coin do you think has the most leverage on a btc move?
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Ummm.. yeah...



BTC leverage.PNG
 
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