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/biz/ - Business & Finance

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17574741 No.17574741 [Reply] [Original]

the incoming halving can't save you

>> No.17574773
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17574773

Time for a good trimming.

>> No.17574805

>>17574741
BTC hashrate will plummet post halving. We will be seeing many mining operations outside of places like China shuttering operations.

At current levels the halving means that BTC rewards will drop by 53692.75 USD Per block. Operations within that margin area will have no choice but to kill their operations.

The price isnt going to sky rocket because Miners decide to sell higher. There are too many traders and too much existing BTC for a block reward reduction to have this effect because traders will just keep pushing them down.

Further, these operations that shutter may actually dump stacks to cover costs and take what profit they have actually pushing the price lower not higher.

>> No.17574834

>>17574805
Yes, fren, I've been exploring the idea of a dump through the halving. Might hold most of my shorts till May lol.

>> No.17574850

>>17574805
i see this posted alot now, im glad im seeing it now i know it will never happen

>> No.17575514

>>17574805
Your last point I can actually see happening, and is why I'm expecting a bigger dump closer to the halving.

>> No.17575788

>>17574805
That comment is straight from 2016. Retarded bears never learn.

>> No.17575916

>>17574805
I don't believe you

>> No.17575944

>>17574805
If the halving doesn't push the price past 20k BTC will forever remain an useless dinosaur coin that will fade into nothingness slowly.

>> No.17576005

>>17575944
Never actually used it, huh?