miner's income is reduced by half, for example if every month they used to get 1000 BTC in a period of 1 month, after halving they will only get half about 500 BTC each month, if the price is cheap do you think it will be good news for the miners, I read about people in the forum and it makes sense why the price of bitcoin goes up every time after halving, how do those who hold large amounts of bitcoin if bitcoin miners go bankrupt, we still use this logic and people don't realize this
This has been occurring anyway by difficulty increase due to asic efficiency. So now you have to add this in addition to the halving. I don't know when large mining will stop, but it is gradually becoming more and more unprofitable and at some point, it will simply cease as a profit making thing.
Those smaller miners, that have free electricity (because they prepared, etc) and the ones that don't care to spend money keep mining, will be the last ones to remain. Since Solar and other renewables can't simply sustain those megawatt crazy mining operations, inevitably mining will shrink and the reduced difficulty will somewhat offset benefitting those last miners. Of course i kinda also expect a sort of reduction in asic supply, since the likes of Bitmain won't be very compelled to keep pouring money into a product that is losing demand.
I remember the previous halving, and people were doing the very same comments. Things delayed only because Bitcoin price rose up later that year, but there is no guarantee the same will occur again or in the same proportion. If anything, price fluctuation tends to reduce overtime.
And, most Bitcoins that will ever be, have already been produced. The last couple million will take a hundred years, and from those the vast majority will be minted next decade. Think about the 2024 halving... 3 bitcoin per found block, 2028 1.5ish....
Bitcoin has beautifully accomplished its design goals, even better than anticipated by Satoshi.