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RE: My Predictions for Crypto in 2020

in SteemLeo7 years ago

Dear @gniksivart

Solid read. Thanks for sharing your thoughts. Post a bit to old to drop an upvote - so till next time.

In meantime I wanted to ask you a question:

  • many people seem to believe that Bitcoin Halving will result with price going up, simply because miners will be rewarded less.

However the fact that miners will receive less rewards doesn't mean that demand will increase. Obviously supply will be smaller and price = game between supply and demand.

But we should all ask ourselfs a question: does current selling pressure comes heavily from miners dumping their BTC? I'm actually not sure. But if current selling pressure isn't coming mostly from miners - then halving will not change much.

Do I make sense?

Yours
Piotr

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