wrong again. bear market ended a year ago. 2019 was a bull market or have you missed out on the 330% rise that we had this year?!!
For me, 2019 was still a bear market as Bitcoin didn't get past its latest ATH of $20k per coin. It was hovering between the $6.5k - $8k range during the course of the year. While I didn't invest into Bitcoin while it soared to $20k per coin, I regret myself not having sold my coins when they were that high. I could've made a lot of profit by then. Instead, I've "hodled" my coins as I believed Bitcoin was going to go much higher than that by 2018.
Anyways, it's 2020 now and prices are still below $10k. Maybe the next halving would trigger an increase in price? Because if Bitcoin stays at the $7.5 - $8k range, then it would turn out to be quite unprofitable for those mining it. Let's hope that won't be the case and Bitcoin soar towards new ATHs within the upcoming years.
I personally can't see any problem here. Yes, if the price stays below $7,500 after the halving, it can be unprofitable to mine for those who have to pay above $0.05/KWh for electricity, and also to pay for rent etc. But it would be unprofitable for the current number of miners. If this number decreased 3 times, we would still have a secure blockchian, while mining would become 3 times easier.
Correct me if I'm wrong. Do we really need the current number of miners to maintain the high level of security?