Topic: One thought about what can happen after the Btc Halving. - page 2. (Read 394 times)
Am reading from different sources that after halving btc price will dump, some say to 6600k another source say to 3500k, I know this are just their personal opinion, I do not read chart so I can't tell if they are right or wrong, but market can always be tricky and surprise us without knowing the cause, although I think I will be happy if the price dip to the later because that's another golden opportunity for cheap btc, even though I doubt we can see such price again.
Yes, that's definitely a possibility. Miners with slimmer profit:cost margins will either have to close down their machines, or they could continue mining in the hopes of a price increase. Though, the former is more likely.
While Bitcoin will likely to be easier to attack, I really don't think the change will be that significant for people to actually be interested into attacking Bitcoin though. It's still going to be really really expensive. Not to mention that the cost isn't the only factor for them to not attack Bitcoin.
While Bitcoin will likely to be easier to attack, I really don't think the change will be that significant for people to actually be interested into attacking Bitcoin though. It's still going to be really really expensive. Not to mention that the cost isn't the only factor for them to not attack Bitcoin.
Miners use tons of electricity to process transactions, and the general assumption is that miners directly sell their newly created bitcoins to cover their electric and all the spences costs. Almost everyone knows that after the halving, not 1800 bitcoins, but only 900 bitcoins are supplied to the market day by day.
This change is believed to have a great positive effect on the price of bitcoin, but is not for sure.
If the price of bitcoin does not increase after the block is rewarded by half, great part of the miners revenue calculated in fiat money will decrease. This means that they will have trouble covering their costs, and that will cause miners with the highest electricity costs to leave the market first. The reduction in electricity consumption to maintain the network means that the difficulty of processing a block of transactions will decrease in the same way.
Theoretically, this means that it would be easier to attack the blockchain network and create 51% attacks on Bitcoin, even still being expensive to do so.
What do you think about it?
This change is believed to have a great positive effect on the price of bitcoin, but is not for sure.
If the price of bitcoin does not increase after the block is rewarded by half, great part of the miners revenue calculated in fiat money will decrease. This means that they will have trouble covering their costs, and that will cause miners with the highest electricity costs to leave the market first. The reduction in electricity consumption to maintain the network means that the difficulty of processing a block of transactions will decrease in the same way.
Theoretically, this means that it would be easier to attack the blockchain network and create 51% attacks on Bitcoin, even still being expensive to do so.
What do you think about it?
Jump to: