Bitcoin Forum

With the halving coming up next year there's been a lot of speculation.
What are your thoughts about it?

It'll be a damp squib. I'm willing to be pleasantly surprised all the same. A reduction in supply only matters if there's a decent and growing amount of demand. That isn't really there at present but a lot can happen between now and then. And perhaps there's hidden demand out there that the unwashed masses aren't aware of.

I wish bitcoin permanently will go up in price, from ~250$ to ~400$, it would be enough to make big diffirence in bitcoin world.

First of all , people shouldn't be comparing Bitcoin to Litecoin halving block-reward because they are simply not the same .
Now , I personally think that the price will increase even before the halving block reward because demand should rise since people are waiting it so they will buy more to hold after the halving block logically , the issue comes on what's going to happen from now till ..Let's say May-June  .

majority of people's opinion on the halving is that bitcoin will go up in price because the supply is reduced. although there are other things that could happen. the reduction in supply could mean that the amount of bitcoin being circulated decreases and overall thats not in any way good for bitcoin.
i just hope that bitcoin stays alive and strong after the halving,not too worried about the price

i'm expecting a increase, but not because of the halving, but because everyone else are expecting an increase also

how much the new price will be stable, is yet to be revealed, and this is more important than a new ATH

The price of bitcoin must go up, so new people who hear about bitcoin will invest in it and pump the coin to 2k-4k per bitcoin and then sell them. That is my predcition on bitcoin! So time to buy now because it is low and it will rise to it's nature value when block reward halving is coming!

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As some say, it is likely that people will try to get Bitcoin before the halving. That could mean a price lowering after the halving because of it being overbought. Who knows.

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moving from 50 to 25 isn't the same as moving from 25 to 12, while in the first case they have a better margin, and even without a price increase there is profit, with the latter the price should increase much more, because the margin is reduced

for example if one miner is earning 2 btc firstly, and he pay 0.5 in electricity, when the halving reduce it to 1, he can still profit 0.5, but from 1 to 0.5, his profit would be 0, uless the efficiency also increase by a x2 factor

I agree, and if BTC will go up in price to $1k, which I wish, it would be even better.  :)

Let's hope our wishes will come true soon.  :)

But seriously I think the halving might be the reason of two alternative things:

1. Death of Bitcoin.

2. Twofold price increase.

There wouldn't be that much. The amount of BTC just doesn't grow that hard any more

I think the halving is already priced in

I think we will see impact of bitcoin halving on price before it actually happens, around 2-3 months earlier then halving but at the time of halving there will nothing shocking rather then normal price movement

unless miners are making profit with a huge margin, which is probably the case, because they don't even need to roi on their HW anymore, and the new miners efficiency(s7) can help this alot

The BTC price won't double. It barely moved the first time and it won't jump suddenly this time either. More information pointing to this is looking at the recent LTC halving. The pressure went up but the profitability did not come back.

What this will do is kick off all the home miner that pays more than 0.05$/kWh and thats pretty much it. Everyone else will continue mining as if nothing happened. Some Very old gen miners are going to get scrapped, etc.

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I mine LTC, it is still not earning back what it used to. Before the halving it was 0.30-0.40BTC/Day/GH. After the halving it dropped to 0.15-0.13. And its 0.16 now. So my old Scrypt miner aren't doing very well and this i am trying to sell them.

I need to see that to comment first. Right now I am not sure we had only one halving before and it was not good for bitcoin price at all.
I wonder if this time will be the same.

It'll have a positive impact on the price, I have absolutely no doubt about that. Feel free to quote me.

Done.

And i totally agree. I think it will have a positive pressure on the price. It's just going to be very slow and as such people expecting for price to double overnight are going to have a nasty surprise.

You can look at the price history at the first halving, if "you" do, "you" will be disappointed.

Yes, the price will go up in my opinion as well. I don't have a good reason why, but I just have the felling that it will skyrocket in some time after the halving. I don't say it will dubble overnight but I think + 5-10$ a day is good.

I am 98% sure that the upcoming halving will have a positive impact on the price. Those 2% I leave that there will be no effect at all.

I also think that's important how will we get to the next July and the halving. If from the New Year's we can start building a momentum and positive stuff start surrounding Bitcoin, I thknk that the halving will become even more important. If on the other side we start the year with a lot of drama, and this drama continues just up to the halving, then I think we might see very diminished effects on the price in July.

We probably will, no matter when price will go up, it would be great for bitcoin and miners especially :)

We'll see an increase because a lot of people will fall for the hype. Although, I don't expect it to go x10 like last time. Something more modest like x3.

It didnt go 10x it stayed at 12~13$ for 2 months then went to 15-18$ over even more time. Then it kept going up slow up MtGox's inflated the numbers artificially, and then it dropped in big crashes eventually to sub 200$.

Where everyone was panicking... but didnt realized that compared to the pre mt-gox price, that was pretty good.

I think it will climb a little from a few months prior or post event, but nothing dramatic.  It's been talked about too much and that firework will likely just fizzle a little bit.

The price will be swinging rapidly around the halving. But over a long span of time, the supply being cut in half will have a positive impact on price if demand remains the same.

When halving?

http://bitcoinclock.com/ (http://bitcoinclock.com/)

Reward-Drop ETA: 2016-07-26 01:47:48 UTC (41 weeks, 2 days, 10 minutes)

EDIT: if some miners drop before that it may happen on my birthday  ;D

Halving will have huge impact on the price and we will see a rise in price or till then easy by easy price will be around 350$.In any case price will be high than now.Personally I think there will a slowly but steady increase in price over the time.As time of halving will come near there will be speedy increase next year.

sure there will be a roller coaster next halving..

some people will think that bitcoin too hard to get and the price will increase..while miner got small reward so they not mining anymore...make it more cheap...

am i wrong?

Halving will make the bitcoin traders a stir up. The new blood will be passed in every exchange on buying side when the supply of bitcoin mining get reduced by 50%. New money flow will make bitcoin prices to higher levels. I await for those days.

The trader scene won't change overnight, only the miner's scene will change.  The price won't soar up, it didnt the first time.

Meanwhile the halving will effectively (nearly) halve the miner income overnight and the price will not have doubled or anything at all, so quite a bit of miners will get knocked off.