Bitcoin Halving Means Miners Will No Longer Be Biggest Sellers of BTC

[SRShanuka2020]

Bitcoin Halving Means Miners Will No Longer Be Biggest Sellers of BTC

Following the Bitcoin (BTC) halving on May 12, traders generally expect the price of the top-ranking cryptocurrency by market capitalization to drop. According to a prominent on-chain analyst, the selling pressure may come from crypto exchanges.

Willy Woo, the co-founder of Hypersheet, said that exchanges will likely begin selling their storage of crypto assets composed of trading fees. Typically, exchanges receive trading fees in the form of cryptocurrencies and sell them to cover operational costs.

Considering that the crypto exchange market generates 1,200 BTC a day from fees — equivalent to $11.6 million — it may slow down the uptrend of Bitcoin.

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[Noverteno]

Since halving the remuneration of manners is programmed as an inevitable event that will occur every four years, this should be taken for granted. Yes, apparently, miners will already earn less bitcoins and sell them less. The offer for sale will be less, the price of bitcoin will increase.
In all events, there is also a positive.

[gourav787]

Since halving the remuneration of manners is programmed as an inevitable event that will occur every four years, this should be taken for granted. Yes, apparently, miners will already earn less bitcoins and sell them less. The offer for sale will be less, the price of bitcoin will increase.
In all events, there is also a positive.

Obviously right words you say , bitcoin halving depend on servel factor like it's supply and bitcoin mining block's . Bitcoin halving in 2020 is not going too much successful , reason is not clear behind it .

[wahyudi]

The price of Bitcoin (BTC) used to go up since the moment Halving approached.  According to estimates, there are only a few hours left before Bitcoin experiences this moment in 2020.

 The world's first cryptocurrency broke through $ 9,000 a few days ago on May 6.  The price of Bitcoin (BTC) even reached $ 10,000 last week.  At the time of submission of this report, the price of Bitcoin (BTC) was at $ 8,602 (-2.55%).