NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Halving Could Prompt Miners to Force-Sell, Analyst Fears

Yashu Gola
Yashu Gola
5 years ago
2 mins read
bitcoin, mining, btcusd, cryptocurrency

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • The upcoming bitcoin halving event could prompt a new wave of panic-selling by miners, says a pseudonymous analyst.
  • Some traders may manipulate bitcoin to bootstrap a bullish narrative.
  • Popular bullish models are flawed.

Bitcoin Halving has become an eye-candy for a majority of bulls in the cryptocurrency market.

The event will make bitcoin scarcer by algorithmically slashing its daily production rate from 1,800 BTC to 900 BTC. People believe a lesser supply would inflate bitcoin’s prices in the long run, with a famous model even predicting that it would reach $100,000 by 2021.

But an analyst operating under the pseudonym ‘Alex’ believes bulls are making blusterous price predictions about bitcoin, arguing that the cryptocurrency could continue plunging further into the year as inefficient miners force-sell their holdings.

“Bitcoin is a relatively easy market to manipulate that trades mostly on sentiment & momentum. The few will be incentivized to attempt to move prices to bootstrap a bullish narrative,” wrote Alex. “The last key risk is forced selling by inefficient miners once the halving hits. This is very real.”

Bitcoin Under Selling Pressure

Miners assemble and operate specially-designed rigs that verify and add transactions to the Bitcoin blockchain. In return, they receive rewards in the form of bitcoin tokens.

Following the next halving, miners will be putting the same amount of operational costs to run their rigs, but their probability of earning back their returns will reduce. That would leave inefficient miners with two choices: Either they should keep mining at a monetary loss or close down their rigs altogether.

The only way out would be to upgrade the rigs: leave the old Dragonmint T16 and Antminer S9 machines for upcoming 5 and 3 NM miners featuring higher processing speeds, said Jeffery Barroga of crypto marketplace Paxful, adding:

“Hobbyist miners and small players might find that whatever BTC they gain is insufficient to pay for the overhead costs of running their rigs.”

bitcoin, mining, btcusd, cryptocurrency
BTC Mining Profitability heading downwards since mid-2019 | Source: Blockchain.com

Most of the small miners are already shutting down, prove the dwindling hash rate, which represents the amount of computing power devoted to run the Bitcoin blockchain. And as bitcoin’s dollar-focused price plunged by more than 50 percent in mid-March, it slashed miners’ profitability in sync.

“Given the Black Thursday massacre, most inefficient miners may have already puked. I will have more clarity on this once the halving approaches,” wrote Alex.

Gold a Better Indicator

The analyst suggested that gold – not popular prediction models – are better price indicators for bitcoin. The yellow metal reacts accurately to the global macroeconomic narratives and its close resemblance to bitcoin’s features could give more reliable clues for the cryptocurrency.

 “Bitcoin should go up yet it still has to prove itself,” said Alex.

Photo by Chris Liverani on Unsplash

Tweet123Share225ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin price news

Bitcoin’s Most Reliable Signal Just Flashed—Next Stop: $170,000

The Hash Ribbon “buy” trigger – a signal embedded in Bitcoin’s network hashrate dynamics – has flashed again, and technical...

Jake Simmons 1 hour ago

Nová kryptoměna poháněná umělou inteligencí zahajuje třetí fázi ICO po vybrání 2 milionů dolarů – dokáže překonat DOGE nebo ADA?

Unilabs Finance přitahuje pozornost díky jedinečné platformě pro správu aktiv v DeFi, kterou podporuje umělá inteligence. Mezitím se Dogecoin chystá...

Doležal Pavel 1 hour ago
Új MI Érme 2M Dollárt Gyűjtött, Belép az ICO 3. Szakaszába Túlszárnyalhatja a DOGE-ot, ADA-t

Új MI Érme 2M Dollárt Gyűjtött, Belép az ICO 3. Szakaszába: Túlszárnyalhatja a DOGE-ot, ADA-t?

A Unilabs egyedülálló, mesterséges intelligencia (MI) alapú DeFi vagyonkezelő platformja nagy előértékesítési keresletet generál. Eközben a Dogecoin visszapattanásra készül, miközben...

Kovács Bálint 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Altcoin wraca do łask inwestorów — Solaxy ($SOLX), Dogecoin i Unilabs Finance (UNIL) na czele w 2025 roku

Zieliński Michał 24 minutes ago
Новата AI валута навлиза в 3‑тия етап на ICO-то, след като достигна събрани средства от 2 милиона долара – ще засенчи ли DOGE и ADA?

Новата AI валута навлиза в 3‑тия етап на ICO-то, след като достигна събрани средства от 2 милиона долара – ще засенчи ли DOGE и ADA?

Georgi Petrov 41 minutes ago
비트코인 심리 지수 폭등… 비트코인 하이퍼(HYPER) 프리세일까지 ‘대세 진입’ 신호?

비트코인 심리 지수 폭등… 비트코인 하이퍼(HYPER) 프리세일까지 ‘대세 진입’ 신호?

Soyeon Lee 55 minutes ago

Premium Sponsors

Top Brands

Press Releases

  • MEXC Launches Golden Era Showdown Mid-Year Trading Event...

    23 minutes ago
  • なぜSnorterは過小評価されているプレセールなのか?

    Dự đoán giá Pepe: Meme coin tiềm năng sẽ vượt...

    5 hours ago
  • BTCBULL

    Liệu Pi Crypto đã hết thời? Phân tích giá PI hé...

    5 hours ago
  • Best -altcoins

    Coinbase niêm yết alt coin mới: Đừng bỏ lỡ cơ...

    5 hours ago
  • Bitcoin price trend is strong, start Dogecoin mining...

    7 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.