Topic: What I think the Halving could bring - page 3. (Read 1580 times)
Your option B is very dangerous and could actually mean the end of Bitcoin. Fortunately there is very little chance of this scenario playing out. I think the big question on everyone's mind is where will the new floor be after the halving. I highly doubt we'll see sub $500 prices again but it's hard to predict where the price will settle.
As you said , the first one is the most likely thing to happen. B is unlikely however I have no problem if that happens, I feel that I don't veve enough bitcoin to make a lot of profit so If it goes down , It will good for me , that way I can buy more coins with a cheaper price.
Why would you want option B? it wont happen anyway but just get on the train man, everyone always wants cheaper bitcoin and its a mentality i started with initially. The best thing to do is keep getting more bitcoin and holding for longest time possible, you have very little stress this way.
I have mixed feelings about B I like and hate it; I like how it could be a mini reset on the difficulty but of course don't like the fact of bitcoin's price crashing.
Why would you want option B? it wont happen anyway but just get on the train man, everyone always wants cheaper bitcoin and its a mentality i started with initially. The best thing to do is keep getting more bitcoin and holding for longest time possible, you have very little stress this way.
I believe that only one of 2 things will happen after the halving
A (The Most Predictable)
The price will double up to 900$ a coin and mining will resume to be as profitable as ever; things basically stay the same except with bitcoin being 900$ a coin it's the same profits for miners.
B (My Favorite)
Bitcoin's price consequently will crash due to massive selling once reaching a certain point of profit say 800$; this massive drop in price will cause miners to stop mining due to it no longer being profitable. Due to the lack of mining over a month or so difficulty will drop down to the tens of thousands, once again inspiring miners to mine and rebuilding the bitcoin economy back bringing a much slower steady rise to bitcoin up to a price which is okay between miners and consumers (Maybe 700-800). Just my guess; put your thoughts below!
A (The Most Predictable)
The price will double up to 900$ a coin and mining will resume to be as profitable as ever; things basically stay the same except with bitcoin being 900$ a coin it's the same profits for miners.
B (My Favorite)
Bitcoin's price consequently will crash due to massive selling once reaching a certain point of profit say 800$; this massive drop in price will cause miners to stop mining due to it no longer being profitable. Due to the lack of mining over a month or so difficulty will drop down to the tens of thousands, once again inspiring miners to mine and rebuilding the bitcoin economy back bringing a much slower steady rise to bitcoin up to a price which is okay between miners and consumers (Maybe 700-800). Just my guess; put your thoughts below!
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