BITSTAMP:BTCUSD   Bitcoin / Dollar
391 0 12
This is from Bitmex newsletter, by Arthur Hayes: I agree with this words.

Going back to the continued halving rhetoric, if we stay in this price range post-halving then the rewards are similar to the levels we had pre-halving. A price of $300 to $400 pre-halving dissuades new mining operations. Cutting that subsidy in half, that leads to an equilibrium of $600 to $800. Below $600 miners start exiting, above $800 miners start entering. The question is how many miners would exit at a price around $600. If this is a non-trivial percentage of the network, that could cause the price to decline quickly. The hash rate would drop, blocks would take longer, confidence would decline, and that would lead to a sharp price correction.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out