THE MARKET IS CRASHING; BTC AND OTHERS DIVING. THIS YEAR IS NOT A BULLISH YEAR, THE REAL BULL RUN CAN ONLY HAPPEN ONE YEAR AFTER THE HALVING SEASON.

Once rewards are cut down by 50% Bitcoin mining or production activities would see a huge and dramatic decline.

Usually in a 4yr cycle the rewards for mining or producing a single block of BTC is halved or better still cut down by 50%.

This is what we refer to as halving. Bitcoin is currently having an inflation rate of 2%. halving helps to minimize and cut down on these inflation.
The Bitcoin Miners get an estimated 6.25 BTC per block of BTC mined, with the Halving coming soon that will be cut to 3.125 BTC per Block a 50% reduction.

Currently, it cost miners who're publicly listed a whooping sum of $15,000 to successfully mine a block of BTC

When the halving happens their cost of production would most likely be doubled or trippled bringing miners’ breakeven point to $40,000 per block of BTC mined.

This could make it very difficult or even impossible for most miners to keep mining BTC. The long term effect of this is more damaging than rewarding.
The relevance of miners to BTC'S health and perfect functionality is equal to the relevance of the heart to the human body, because minners are responsible for the hashrates of BTC online, Cutting the rewards for mining in half (Halving) could lead to most miners packing up and running out of business and with this BTC hashrates online decreases which in the long run could lead to the falling of Bitcoin price.

Whatever that keeps the miners out of business would lead to a long term negative effect on the prize of the commodity.

No one should expect a bull run in 2024. We would see an Authentic bull run one year after Halving, when all the effects of Halving have all cleared and settled out.

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