The halving is a time for everyone in the crypto industry to take note of.

Whether you own bitcoin or not, the halving will affect your cryptocurrency holdings, either positively or negatively depending on what cryptocurrencies you are holding.

So let's discuss what will likely happen after the halving.

I won't be using any technical analysis rules or whatever in this post, simply because technical analysis has failed us to this point. It's great for short term moves, but long term moves snuff out TA. Let's leave it out of this.

The above image was gotten from ihodl.com

Looking at the chart above, which shows the behaviour of price pre and post halving events, we notice something.

The price always was just cooling off from an uptrend before it got to the halving period. After the halving, it kind of plateaued before the upward move that is usually associated with the halving began.

Now I know you can't really see it on the chart here, but the time period between entering the halving and the uptrend is usually 3-6 months. Many newbies believe that once the halving occurs, the price will shoot up to unbelievable lengths.

This isn't the case at all. We've only had two halvings so far, which isn't enough data to work with. But we'll use what we've got.

So what can we expect from this year's halving?

As I said before, the period before we entered a halving event was characterized by a cool down from a previous uptrend.

However, these were only COOLDOWNS. None of them was a deep correction such as what we have experienced in the last few weeks or so.

If we were to judge by common sense, we aren't in a cool down phase. We're in a correction phase.

The halving usually makes things worse for miners. Their rewards are cut in half, the difficulty is increased, and therefore they require more powerful hardware and more electricity, and they have to provide all this with half of their paycheck from the last time.

Now that Bitcoin has lost 50% of it's value, I believe that some miners would call it quits and scrap the whole thing.

It wouldn't make sense for retail miners anymore. Their rewards are cut in half AT HALF PRICE, and they need better, faster computers and have to deal with harder cryptographic problems that they need to solve.

As I wrote in my post "what about miners?", I believe that this halving would really make Bitcoin mining centralised. If a mining pool can control 51% of the hashing power, they'd be able to double spend a bitcoin, and that would lead to a lot of bad problems. With the miners about to quit, a 51% control of network power seems more viable than ever.

This halving won't be like the others in my opinion. But only time would tell.

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