Post
Topic
Board Mining (Altcoins)
Re: Raven halving is coming in a few days, what about mining profitability?
by
bitart
on 07/01/2022, 16:29:57 UTC
Most pow coins rise very fast and high before the halving and then crash a bit after the halving and keeps following the market in general, in my view profitability will stay the same relative to where the cryptomarket is going, meaning if bitcoin keeps crashing then everything will keep crashing, however that does not apply to ravencoin at moment because speculation on it is high, so I would expect it to keep going up till the halving and after that is unknown territory yet, I say it will crash a little depending how much it will rise prior the halving which I believe it will rise significantly. I have millions of ravecoins and I'm not planning to sell it yet, if ravecoin gets higher than 50 cents then yeah I'm willing to sell, if not, holding it for now. Is it possible to reach 50 cents or higher now, yeah, everything is possible, even higher.

Even if ravecoin does not rise to 50 cents now then it has a higher chance to rise on the last bulltrap before hehell that will happen in a month or so, bitcoin is bleeding now and will keep till manipulators create that last bulltrap that sheeps think that bitcoin will go to 100k and buy it all then manipulators will crash btc to hehell.

Thanks for you quick reply
So despite of the half of the coins will miners get after the halving it still will be profitable for the miners
That's good news
I thought if miners will only get half of the coins every time this will cause that they will only be able to sell also half of the coins than before so they will get only half of the income they used to before the halving
So if supply (new coins mined) decrease and the demand remains the same it can move price up theoretically