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Title: Greetings! Block reward halving question Post by: tohaz on January 07, 2014, 03:39:44 PM I am new here. I am interested how exactly coin emission decrease (halving) is corelated with it's price. Bitcoin reward halved only one, but it's price rised thousands of thousands times. What is the major factor of coin's price?
Title: Re: Greetings! Block reward halving question Post by: Lieji on January 07, 2014, 03:43:12 PM I am new here. I am interested how exactly coin emission decrease (halving) is corelated with it's price. Bitcoin reward halved only one, but it's price rised thousands of thousands times. What is the major factor of coin's price? Major factors: demand and supply 99.9% of the rise is in the demand side IMO. Title: Re: Greetings! Block reward halving question Post by: BlockChainLottery on January 07, 2014, 03:46:35 PM Not the generation of Bitcoins, and also not the decrease in reward. It is much more based on part speculation and part the use of Bitcoin as a currency. If it becomes more popular as a way for paying, the more people want to buy Bitcoin. Hence an increase in price.
Title: Re: Greetings! Block reward halving question Post by: DeboraMeeks on January 07, 2014, 05:06:01 PM The halving is more related to rise in mining powers and similar points/period from bitcoin network starting. While Price depend on popularity and use which has increased in the past few years.
Title: Re: Greetings! Block reward halving question Post by: undeadbitcoiner on January 07, 2014, 05:12:38 PM I am new here. I am interested how exactly coin emission decrease (halving) is corelated with it's price. Bitcoin reward halved only one, but it's price rised thousands of thousands times. What is the major factor of coin's price? Block reward relates with price because whenever dimand is high and supply is low of course price will move up and your next Block reward halving once but price increase by thousands there also depends on demand and supply, in 2013 so many merchants start accepting Bitcoin and so many fundings happend so that was movement on Bitcoin so in such steps demand increasingly went higher and supply is same 1 block in 10 minutes so we can expect new halving will again rise price 5-10 fold.Title: Re: Greetings! Block reward halving question Post by: nerFohanzo on January 07, 2014, 05:15:58 PM I am new here. I am interested how exactly coin emission decrease (halving) is corelated with it's price. Bitcoin reward halved only one, but it's price rised thousands of thousands times. What is the major factor of coin's price? Bitcoin reward halving has minimum inpact on price, because daily mined coins represents only small part of daily trade volume Title: Re: Greetings! Block reward halving question Post by: tohaz on January 07, 2014, 06:19:12 PM So the competition between coins is rather fair - enhance your coin's abilities, convince businesses to use it. Glad to hear... )
Title: Re: Greetings! Block reward halving question Post by: johnfkennedy on January 07, 2014, 06:50:18 PM So the competition between coins is rather fair - enhance your coin's abilities, convince businesses to use it. Glad to hear... ) That about sums it up -- but someone raised a valid concern... there are only 65k valid RPC ports -- we will run out of ports shortly! ha Title: Re: Greetings! Block reward halving question Post by: R0yalAir on January 08, 2014, 02:42:03 AM The major factor influencing the coin's price is purely speculative.
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