Damn, from what I keep reading, there are 2 people of BitCoin. There's the miners, then there's the non-miners. The halving only affects the miners group of people, and it's going to affect them in bad ways because they aren't making as much. They'll probably want to stop mining after the halving because their using their time, money, and power to run the miners...
Lucky I'm not one of them miners.
Lucky I'm not one of them miners.
These people mine in pools and their profit margins are much bigger than what is publically known. They will survive and still profit from Bitcoin mining, even if the price goes down to $250+
{well that is based on discussions we had with some miners that are still in the scene} Not all mining operations are optimized to operate at those margins, and some of them will have to close their doors, but
the majority will survive. { We just hope the adoption rate will climb and tx's increase, so that the miners fee, can start narrowing the gap being created by the Halving of the reward}
... Do not panic and do not sell at the slightest drop in the price, it will go up again.
