Bitcoin halving

[Anonymous No.55525522]

If miners will receive half as many coins as they did before, doesnt that mean they have to dump twice as many to cover operating costs which obviously do not get cut in half?

[Anonymous No.55525535]

No it means the price have to double

[Anonymous No.55525538]

>>55525522
sorry i don't reply to dumb questions

[Anonymous No.55525549]

>>55525522
But they will receive twice as many

[Anonymous No.55525554]

>>55525522
they dont have twice as many to dump kek
but i know you're baiting

[Anonymous No.55525569]

>>55525554
If youre a miner then odds are that you have a fat stack of coins from years ago. And if not then what happens when mining doesnt generate enough coins to break even?

[Anonymous No.55525590]

>>55525569
not really.. thats the entire point of mining. They're not speculators. Maybe some of them hold, but most dump daily to cover costs and re invest in more hardware

[Anonymous No.55525608]

>>55525590
Do they have to be there 24/7 though? Why not just have a wagecuck job during the day to cover costs so you can HODL everything you mine

[Anonymous No.55525696]

Supply and demand. If supply decreases by 50%, what do you suppose must happen to price as a result?

[Anonymous No.55525714]

>>55525608
cause you might as well just buy the damn coins if you wanna hold

[Anonymous No.55525721]

>>55525696
supply doesnt "decrease by 50%", most btc has been mined already and is sitting on fat whales wallets

[Anonymous No.55525794]

>>55525522
That would only be true if they stayed at the same value, which they won't. They will go up in value due to same demand but half the inflation, and the same max supply. Their scarcity increased, and with scarcity comes value.

[Anonymous No.55525820]

>>55525794
>same demand
you cant predict what demand for btc will be next year
>half the inflation
which is already low due to all the halvings. A single whale fat fingering a market sell would have much greater impact on price
>scarcity increased
92% of btc has already been mined
>with scarcity comes value
fallacy

[Anonymous No.55525933]

>>55525522
It increases the floor price at which miners need to sell their bitcorns to stay solvent, so in effect it's an upward pressure on the price. However it depends on how much sale volume is from miners versus other market participants. If there is enough BTC supply being traded in the broader market to satisfy demand, then price generally won't increase and miners will get rekt. To avoid this, either the BTC supply needs to be largely locked down by hodlers so that miners can push the price up, or demand for BTC needs to also increase, either from whales/institutions or masses of new retail buyers. Stock to flow isn't a meme, but it's not the only variable.

[Anonymous No.55526100]

>>55525522
Imagine still caring about Bitcorn. Altcoins are where it's at. lYKYK.

[Anonymous No.55526149]

>>55526100
who tf is this cool dude and why does he own a restaurant?
any chance there are pirate ladyboys serving pizza involved?

[Anonymous No.55526157]

>>55526100
Based and Kenny pilled

[Anonymous No.55527271]

>>55526157
>>55526149
>>55526100
99
percent
sell
tax

[Anonymous No.55527318]

>>55525522
THe PrIcE GoNgO Up CaUSe iT jUsT hAS toO OKay?

[Anonymous No.55527456]

Halvenings eliminate uncompetitive miners as the cost to remain profitable as a miner doubles. They have to put in the same amount of work in order to get half the reward.
So less efficient miners leave the network, less hashpower aimed at mining so the difficulty drops. Remaining miners now have less competition for remaining coins, network becomes more centralised.
Total new supply of coins being sold off reduces from 6.25 coins every 10 minutes to 3.125 coins every 10 minutes. In terms of total coins being traded this makes almost no difference in price, its a rounding error against the already large volume traded daily.
Also, Satoshi said his coins move during a halvening event, it'll be this coming one to coincide with the COPA trial, coins will move by court order on the BTC network to set a precedant, not by key signing. This destroys BTC price. You've been warned, screen cap this.

[Anonymous No.55527466]

>>55525721
Shhh don’t tell him. Most of the halving pump is from people who don’t understand this.

[Anonymous No.55527496]

>>55527456

[Anonymous No.55527512]

>>55527456
>Satoshi said his coins move during a halvening event

Is this English? What do you mean

[Anonymous No.55527533]

>>55527456
>Satoshi said his coins move during a halvening event
link? proof?
> coins will move by court order on the BTC network to set a precedant
huh ??
>>55527466
halving pump happens cause everyone heard btc pumps on halvings. Normies dont think

[Anonymous No.55527538]

>>55527496
wuts that

[Anonymous No.55527805]

>>55525522
>>55525933
>>55526100
>>55527466
>>55527533
Nobody checked these digits. /biz/ truly is dead and we killed her.

[Anonymous No.55528664]

>>55525522
if anything they'll have to dump half as much due to the price increase

[Anonymous No.55528674]

>>55525820
>you cant predict what demand for btc will be next year
nocoiner cope
picrel

[Anonymous No.55529980]

>>55527538
A pineapple router. The anon I replied to was implying Craig Wright is Satoshi. I responded with a pic of a pineapple router to mock him.
Google Craig Wright pineapple court case

[Anonymous No.55530567]

>>55529980
yea only a bsv fag could speak such nonsense

[Anonymous No.55532129]

>

[Anonymous No.55533116]

>>55525522
That's why any repitable miner would have locked in their BTC on a hardware wallet at 60k. It's for times like this.

[Anonymous No.55533269]

>>55532129
Oh shit. This is pretty drastic.