Friday, 28 February 2020

It's time to realize that BTC isn't going to have a graceful halving

Between now and May we're going to be looking at a sharp pullback in markets across the board. Instead of rallying going into the halving which has occurred in every past halving, BTC very well could pull back to its 2018 lows. This could mean a lot of hashpower leaves BTC, slowing the chain significantly. When BTC mining drops in profitability, so will BCH mining profitability, thanks to the fast adjusting DAA that keeps profitability equal on both chains, although the BCH DAA will adjust to keep blocks coming at ~144/day.

The IFP "hash vote" will take place just three days after the BTC halving. There will be a lot of slack hashpower sitting around.

Discuss.

submitted by /u/jessquit
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source https://www.reddit.com/r/btc/comments/faqk7x/its_time_to_realize_that_btc_isnt_going_to_have_a/

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