Hello @leprechaun
Good point, we will certainly face that scenario where miners will choose to disconnect when the halving occurs, however, beyond the hash power there are variables external to the protocol that are creating discouragement among investors.
Best regards, be well.
Believe it or not. This gives me hope. I can use less fiat to buy Bitcoin should the price go down and over time it will probably not lose too much and potentially gain a lot more. Than there are the intrinsic properties that are not connected to how it gains value over the dollar which makes it a good currency to keep on hand. I really hope it stays low as I bought a bunch of dollars recently. The repeating pattern of the BTC in USD price shows it should stay low for several months.