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Bitcoin Cash Goes Through First Halving Event Reducing Hashrates

NoLimits15

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Bitcoin Cash went through its first halving event that resulted in the network's hash rate to decline significantly. This means that many miners have stopped operating on the network after the halving event. A 51% attack can easily happen now as it's way cheaper to take over the network. It's said that it takes the price of one bitcoin to take over the network for one hour.
 
So after the Bitcoin cash halving , what is most likely to happen? Will Bitcoin cash price be increased or will it come down ? How does it work?
 
So after the Bitcoin cash halving , what is most likely to happen? Will Bitcoin cash price be increased or will it come down ? How does it work?
It can really go either way honestly. But what the intended outcome usually is, is to increase the scarcity of the cryptocurrency and if there is demand for the cryptocurrency, the price of the cryptocurrency will surge. It is basically the basic concept of supply and demand in the market. I hope this was helpful.
 
It can really go either way honestly. But what the intended outcome usually is, is to increase the scarcity of the cryptocurrency and if there is demand for the cryptocurrency, the price of the cryptocurrency will surge. It is basically the basic concept of supply and demand in the market. I hope this was helpful.
yeah i got it now ,if the supply is halved , there will be more demand for that cryptocurrency , so the price should obviously increase.
 
yeah i got it now ,if the supply is halved , there will be more demand for that cryptocurrency , so the price should obviously increase.
Yeah exactly. But the problem is sometimes when the supply is cut down the demand doesn't necessarily rise - such as with Bitcoin SV where after the halving, demand didnt increase which lead to a sharp decline in price for Bitcoin SV
 
See, halving makes the supply of the cryptocurrency reduce so when the supply is low and considering that the demand is high - the value of the coin become extremely high... you get me?
 

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