The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market?
Miners' contribution to bitcoin market price (or rather its fluctuations) through supply of new coins is insignificant at best. Not that it is completely irrelevant, but it is more often than not overridden (with a vengeance) by other factors, many of which are purely speculative ("pump-and-dump" being one of them)...