Well said

After the last halving, Bitcoin price didn't double as expected, hence mining rewards halved. Why are miners still mining the coin? Do they still profit?

In May 2020, the number of bitcoin (BTC) entering circulation every 10 minutes (known as block rewards) dropped by half, to 6.25 from 12.5. It’s a milestone that was easy to see coming because it happens every four years and has happened twice before 2020.

How does the halving influence bitcoin's price?

A bitcoin halving grabs so much attention mostly because many believe it will lead to a price increase. The truth is, no one knows what’s going to happen.Bitcoin has seen two halvings so

The 2012 halving provided the first demonstration of how markets would respond to Nakamoto’s unorthodox supply schedule. Until then, the Bitcoin community didn’t know how a sudden decline in rewards would affect the network. As it turned out, the price began to rise shortly after the halving.

On July 16, 2016, the day of the second halving, the price dropped by 10 percent to $610, but then shot back up to where it was before. There was little evidence the sudden reduction in bitcoin’s minting rate had a long-term impact on the price.

While the immediate impact on the price of bitcoin was small, the market did tally a gradual increase over the year following the second halving. Some argue this increase was a delayed result of the halving. The theory is that when the supply of bitcoin declines, the demand for bitcoin will stay the same, pushing the price up. Few months before halving most times, people buy bitcoins in anticipation of the event with the hope to have their bitcoins rise in value but aside just buying and holding bitcoins for potential gains, one can invest in crypto interest account with services companies such as Coinpaq (www.coinpaq.tech), a mining and a service investment company that gives over 90% return on whatever investment made in days. If that theory is correct, then we could observe similar price increases after future halvings, including the one that took place this year.

Others argue that given the predictability of bitcoin’s halving schedule, this change in the minting rate is unlikely to shift the price. Traders have long known the bitcoin block reward will decrease, giving them ample time to prepare.

It’s possible that if enough people know about a halving in advance, they will buy bitcoin in anticipation, pushing the price up before the halving instead of after. This is what people mean when they argue the halving is “priced in.”

Finally, while it may be difficult to ascertain if the price of bitcoins will double or triple or rise in thousands as many analysts have predicted but one thing is peculiar with events after halvening and that is, the price of bitcoins rises months after halving as occurred just as it has been seen in the two previous halving that have occurred.