How Bitcoin Will Pump After Bitcoin Halving?
Assalamu Alaikum
Currently, if you complete a bitcoin mining in Bangladesh, the cost of 1 bitcoin will be $13.83K, but Bitcoin Mining is banned in Bangladesh, there are many countries in which the cost of electricity for bitcoin mining is very small, but it is prohibited in that country.
After this amount of electricity bill, they sell the amount of Bitcoin mined by Miner,
Because they cover this cost by selling their mined bitcoins,
Due to the huge amount of Bitcoin sold every day, the price of Bitcoin is not increasing much, but after the next Halving, Bitcoin mining will be halved.
Then there will be 3.125 bitcoins mined per day, which can be 450 bitcoins mined per day, which will reduce the number of new bitcoins coming to the market by half.
And those who are mining bitcoins will be able to mine 450 bitcoins per day instead of mining 900 bitcoins, which will increase their cost, so they will not want to sell their mined bitcoins at low price.
This will start to affect the Bitcoin Halving,
It is a misconception that Bitcoin will pump huge after Bitcoin Halving, after a certain period of time after Bitcoin Halving, the effect of Halving will begin.
So this is the end of today, everyone be well, Allah-Hafez
It should pump. Because after halving the reword will be half. So I think it will pump. Thanks for the post.
right, hopefully the market is getting ready for a BullRun very soon,
I have never seen such a beautiful analysis of the aftermath of the Bitcoin halving. Your post was full of information as well as a simple explanation that everyone could understand very easily. I came across a new information today in particular about the cost of bitcoin mining in Bangladesh. Anyway, without further ado, you must know how much I love your posts.
hmmm you are right Thank you for reading my entire post
Well I guess that's why we all are waiting for the April halving, we believe Q2 will the birth of the super cycle
Supply demand gap will play the role obviously. Thanks
We are all waiting for the bitcoin halving. After half a hour it will pump to extreme levels. Nice analysis done.
Right i agree with you
You have explained a very nice way to pump bitcoin after bitcoin halving. We have learned a lot from here. Which will be very useful for us in the future. Thank you for sharing such a beautiful post with all of us.