According to a recent poll conducted by Plan B on Twitter, almost 50% of people in crypto believe there’s a chance of a mining death spiral occurring following Bitcoin’s 2020 halving later this year.
Is this actually likely? Or is the market overestimating the level of risk? And could this help to explain why Bitcoin is still a long way from its S2F model valuation of $50-100k that it’s expected to reach by the end of 2021?
Let’s explore!
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What a stupid fuck. He doesn't know anything. Seriously….how is the difficulty calculated? What is an elliptical function?
You don't know…do you? stupid fuck
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bitcoin mining is pure big business. power consolidation is the only thing the halving is going to bring
UBT is a 100x potential coin for 2021.
Research now. Thank me later
do you think BTC can go to 3500$ or even lower after the halving ? thank you!
And the halving can’t be priced in because the price result is driven by miner sell pressure reduction once its halved, some people can front run the halving which I believe that is one metric playing in to price movements now
He’s right miner capitulation can’t happen, when the difficulty lowers there will always be a miner there to capitalize
There will NOT be a death spiral. As price goes up, more people will mine. If the price falls, and miners shut off their equipment, the difficulty will adjust down (using less energy, thus lowering the cost), making it more profitable to mine. At that point miners will come back online. There will always be a back and forth. The algorithm adjusts.
Ofcourse it isn't. It's only when miners receive 50% less bitcoins to sell will we see the demand increase because the supply is less (by 50%). The result is a price increase.
The smart people sold their alts last june 2019 and bought into btc to front run this notion.
Now we are front running again because the alts are too cheap.
Your math is off. Regarding the poll, 32% attendees have no clue where the risk comes from imho.
Bitcoin and Łitecoin reward halving ‘supply shock’ coming down the track..?
Last ‘round’ of halvings signaled the beginnings of 2015 – 2017 price surge!
Ethereum to the moon. Thank you!
Psychology, you will take the price down to the area of the previous fourth wave. Which is 500 to $1,000. Psychology not fundamentals
I am not sure how much of the halvning is already priced in. Very likely not all of it. But probably more than the prior halving at the same point in time. However, halving or not, there is still a relatively large risk that Bitcoin will fail and its value go dramatically down. It is still a highly speculative investment asset with very little real world use (apart from speculation and regulatory arbitrage). I agree that some miners will continue even if the price plummets. Yes, the mining difficulty will adjust down but that also means that the chain is less secure and the cost of a 51% attack a lot lower. Stock to flow might prove itself right one more time, but this type of model cannot be a long term predictor of BTC price. Imho
found this interesting…https://www.usdebtclock.org/#
Shows some sort of tracking from 2013 and now…… some sort of dollar to crypto ratio. Not sure exactly what this means but cool that it is being tracked like gold and silver, etc.
As always thanks for the hard work.
does not matter what anyone thinks or says… it will do what it will do…
This halvening will be a world famous event.
i only get a black screen to see
If its just a yes/no vote (show results button is for showing results) then its 80% no and 20% yes of the total who voted yes or no.
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Value extracted.
Thank you..
Louis, what are your thoughts on alt coins post the bitcoin halving? Will trades sell off or will it climb with bitcoin?
I would seriously want to know where did you get those bitcoin and youtube pillows? As for halving, I don't care, I am here for the long term is there is any fall in the price, I will just buy more. Now, where can I get those pillows?!