Bitcoin Forum

I want to know the level confidence for bitcoin among bitcoiners...

thanks

EDIT : pls read http://bitcoinmagazine.com/2842/block-reward-halving-a-guide/ if you think that halving is just a myth

EDIT 2 : https://bitcoinfoundation.org/2012/11/happy-halving-day/

5 trillion according to the Cult.

This is true.

It's not going to change at the halving. 3/4 of all bitcoin that will ever exist will be circulation by then, so 12.5 vs 25 btc a block means little. If the price of bitcoin is affected, it will be far in advance of the actual halving, because it is a well known event and everybody will have some speculation or theory of how it will affect price and think they are the smartest first player.

but the real supply will be affected after the halving.

All publicly available information (including next halving) is already factored in the current price. :)

thats exactly what they want you to believe

Let us hope that people don't lose interest in bitcoins before the next halving.  :)

The profitability of mining does not drive the price. Nor does the difficulty. Difficulty has gone to the moon while the price has gone nowhere.

Halving the block reward will halve the profitability of miners. There will be less miners.  Since everybody knows this event is coming, and when, mining farms will time their equipment purchases so that they will reach end of profitable life at the halving.

There will most likely me a pump for a few $200s or so.. Then of course the dumpage

i think it will above 1000

bcoz till then difficulty to mine bitcoin will also rise a lot and block reward halving will also control supply
to price to boost up

but the best option is
wait and watch

Way, waaaaaaaaaaaaaaay above $1k!!!

who are answering 0-10 usd ? is that you prof bitcorn ?    :-\

Around $0.01.

I see this being thrown around here a lot, that all publicly available information is already factored into current price. And yes, that is true, but it implies that the reward halving will have no effect on future price which is not true. As people being to invest in Bitcoin after the block halving, there will be 1,800 coins created per day as opposed to the 3,600 we currently have. For simplicity, say those coins are valued at $1,000, and all other factors remain constant. Before reward halving, $3.6MM daily demand for bitcoins keeps the price steady. After the reward halving, $3.6MM daily demand for bitcoins increases the price significantly.

TL;DR reward having is priced in to current price, however, it will significantly change the way demand influences market price after the halving occurs.

Oh, and my vote: significantly higher than $1,000.

when was the last halving ?
if ever there was one of course :D

Halvings happen every 4 years. Since the next one will be in 2016, I guess the last one was somewhere in 2012

Price might not change but many mining farms go out of business.

oh dear...
pls google when in doubt

http://bitcoinmagazine.com/2842/block-reward-halving-a-guide/


and pls tell me you are not miner, and dumping coin like no tommorrow because you think halving is a myth of bitcoinland.

btw
the comment above me says that halving never happen disprove your argument

Back to 1000$ level as miner dumping bitcoin reduced to half...

Summer 2016. Nobody knows the exact date yet.

https://bitcointalk.org/index.php?topic=779531.msg8826461#msg8826461
http://bitcoinclock.com/

Let me clarify how English works:

Question: "What the price of 1 btc to usd after the next halving? (topic subject)"
Answer: "It's not going to change at the halving."


The mining reward halves every 210000 blocks. The first time this happened was block 210000 (https://blockchain.info/block/000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e), 2012-11-28 15:24:38.

Here is a graph of the Bitcoin exchange price. It is an eight-month period centered around that date.
http://bitcoincharts.com/charts/chart.png?width=800&m=mtgoxUSD&SubmitButton=Draw&r=5&i=&c=1&s=2012-07-28&e=2013-03-28&Prev=&Next=&t=S&b=&a1=&m1=10&a2=WMA&m2=30&x=0&i1=Vol&i2=&i3=&i4=&v=0&cv=0&ps=0&l=1&p=0&

If you prefer to zoom out, here is a sixteen-month period:
http://bitcoincharts.com/charts/chart.png?width=800&m=mtgoxUSD&SubmitButton=Draw&r=5&i=&c=1&s=2012-03-28&e=2013-07-28&Prev=&Next=&t=S&b=&a1=&m1=10&a2=WMA&m2=30&x=0&i1=Vol&i2=&i3=&i4=&v=0&cv=0&ps=0&l=1&p=0&

Please identify the effect that Nov 28 had on the price....vs a hundred other factors. There were threads in 2011 just like this one wondering the effect of a halfing on price. If anything, the anticipation that price would go up caused people to buy, causing the price to go up.