Bitcoin halving is beginning, not the end of a big bull run. Hold your bitcoins!

[Faisal2202]

Zoom out, you will have stronger confidence for your investment in Bitcoin. With time, a long time frame, for example, 4 year time frame, you can see a super bullish trend. Who can see bearish signals in this bar chart?

I am glad that I am reading this post this late, because my patience was almost over, and my belief as well. Because I have seen many old members saying (by old I mean experts) that BTC is not going to go up more than $80k. While before halving and ETF approval people were predicting the price to go up more than $150k even. I am confused but posts like these give me some kind of relief.

Although I know we should not follow others' advice, even if they are telling us to hold or not to hold, as we should do our own research. But its just that when people starts to say bull is no going to come as they were saying it already came before the halving as BTC made new ATH before the halving. This time its new. I hope BTC would make it to the $100k. BTW whats your target here OP.

[NikeFit_7777]

Large public miners such as Bitfarms, Cipher, CleanSpark, Core Scientific, Riot, and Terawulf reported a 6%-12% decline in BTC production immediately after the halving in April.

There is also the longest period of coin hoarding by miners since the $16,000 BTC - they are likely hoarding in anticipation of higher prices to sell.

News link: https://theminermag.com/news/2024-05-06/hut8-bitcoin-production-drop-april-halving-miner-relocation

[tranthidung]

Large public miners such as Bitfarms, Cipher, CleanSpark, Core Scientific, Riot, and Terawulf reported a 6%-12% decline in BTC production immediately after the halving in April.

There is also the longest period of coin hoarding by miners since the $16,000 BTC - they are likely hoarding in anticipation of higher prices to sell.

News link: https://theminermag.com/news/2024-05-06/hut8-bitcoin-production-drop-april-halving-miner-relocation

What is a halving?

It is a block subsidy halves into a half of previous epoch. Miners' income comes from two sources:

• Block subsidy: that is halved (decrease 50%) after the halving block.
• Transaction fees from new found blocks.

By this formula, you can see that if transaction fees stay the same as in previous epoch, miners' income would drop 50% but according to the report, it dropped only 6% to 12%. What conclusion can be drawn here?

Miners get 50% less from block subsidies but get more from transaction fees which is not like 38% or 44% more, because we have to take into account a little bit price increase of Bitcoin after the halving day. Fortunately, price on 19 April and 29 May 2024 are nearly the same.

To sum up, a rough figure is miners get about 38% - 44% more in transaction fee since the Bitcoin halving day, 50% less in block subsidies.

• https://www.coingecko.com/en/coins/bitcoin/historical_data