Post
Topic
Board Bitcoin Discussion
Re: The bitcoin halving to increase cryptocurrencies prices.
by
philipma1957
on 23/02/2020, 13:18:09 UTC
Please don’t beg for merits. It is degrading.

I am just new here. I have deleted it. I will try all my possible best to write quality posts. And, I know now to not beg for merit. Thank you for telling me.

But, hope the post is useful and interesting?

I gave you a merit  for being polite and trying to cooperate.  So many people are just too rude.  You weren't so thank you.




The ½ ing  always shakes things up.  This one is the most interesting of all due to the huge amount of expensive mining gear mining coins.

We have more gear mining then ever.  We also have the example of last years ½ ing of LTC there was  a  drop in price of LTC after the ½ ing and a large drop in hash rate.

8 months later   the hash and the price of LTC have no fully recovered.



June 2019 146 usd price had spiked high right before the ½ ing

July  2019 ½ ing  price had dropped to 79 day or 2 after ½ ing

Dec 2019   35 usd

Feb  2020  79 usd

If BTC  follows the pattern above it will be very interesting.  

We would push close to 19 or 21k  in April

and crash hard   down to 10 or 11k

with a bottom of 5k

before coming back to 10 or 11 k   at this level a lot of gear will be powered off.

We also have two other coins BCH and BSV  they mine with the same gear as BTC  so yeah the next 40 to 100 days should be very interesting.