Title: Can't understand the next block halving and it's impact on the price. Post by: Fakhoury on January 20, 2015, 09:33:49 PM Hello,
Can someone easily tell me what is the next block halving that will occur in 2016/2017 and it's impact on the price. And I would like to know this as well : - When will be the next block halving after the next one occurring ? - What is the speculation about the price after the next halving occur ? Thank you. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: lynn_402 on January 20, 2015, 09:39:06 PM In short, there's a stable amount of new Bitcoins which are created everyday, this is a kind of inflation which puts downward pressure on Bitcoin's price (since many miners, well probably the vast majority of them, instantly sell them).
Block halving simply means that half of the current amount of Bitcoins will be created every day, so there's less negative impact on the price. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: Fakhoury on January 20, 2015, 09:46:49 PM In short, there's a stable amount of new Bitcoins which are created everyday, this is a kind of inflation which puts downward pressure on Bitcoin's price (since many miners, well probably the vast majority of them, instantly sell them). Block halving simply means that half of the current amount of Bitcoins will be created every day, so there's less negative impact on the price. What an easy explaniation, thank you so much, apperciated a lot. Another question please if you don't mind, why I see people talking about that the price will spike up to $1,000 and more ?! What do you think ? And when will the halving occur, in 2016 ? Thank you. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: findftp on January 20, 2015, 09:50:27 PM Hello, http://bitcoinclock.comCan someone easily tell me what is the next block halving that will occur in 2016/2017 and it's impact on the price. And I would like to know this as well : - When will be the next block halving after the next one occurring ? Quote - What is the speculation about the price after the next halving occur ? Thank you. It already happened once, and the effect was positive. No guarantee about the future though. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: lynn_402 on January 20, 2015, 09:53:11 PM In short, there's a stable amount of new Bitcoins which are created everyday, this is a kind of inflation which puts downward pressure on Bitcoin's price (since many miners, well probably the vast majority of them, instantly sell them). Block halving simply means that half of the current amount of Bitcoins will be created every day, so there's less negative impact on the price. What an easy explaniation, thank you so much, apperciated a lot. Another question please if you don't mind, why I see people talking about that the price will spike up to $1,000 and more ?! What do you think ? And when will the halving occur, in 2016 ? Thank you. No problem, hope you'll have fun learning about cryptocurrencies. In my humble opinion, Bitcoin's price is still overvalued for the long term, so I very much doubt that the price could stay stable anywhere near 1000$ in the next few years. I expect the price to stay in the $100 to $300 zone until the next halving, when it will go up but not much over $500. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: ChuckBuck on January 20, 2015, 10:01:49 PM Well if the block reward is getting halved from 25 BTC to 12.5 BTC, it literally means there's less Bitcoins in circulation.
Which in turn means scarcity. If Bitcoin actually becomes useful, and people want more of it in the next year or so, and there's less of it around....well you know the drill. The ole supply and demand. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: lynn_402 on January 20, 2015, 10:46:57 PM Well if the block reward is getting halved from 25 BTC to 12.5 BTC, it literally means there's less Bitcoins in circulation. Which in turn means scarcity. If Bitcoin actually becomes useful, and people want more of it in the next year or so, and there's less of it around....well you know the drill. The ole supply and demand. It will take many block halvings before Bitcoins actually become scarce though. Even with 12.5 Bitcoins created on average every 10 minutes, it's still very inflationary. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: Brewins on January 21, 2015, 02:36:59 AM there is no way to know for sure when halving going to happens.
people estimate it for 2016, but might happens before or after the date they say Title: Re: Can't understand the next block halving and it's impact on the price. Post by: Salmon1989 on January 21, 2015, 08:29:39 AM there is no way to know for sure when halving going to happens. people estimate it for 2016, but might happens before or after the date they say This. Block halving is going to happen whenever the block number is a multiple of 210000. With an expected time of 10 minutes for a new block, you should expect to have a block halving every 4 years roughly. But if network hashrate is continuously going up, the average block time will be lower than 10 minutes even with the difficulty adjustment, and vice versa. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: pawel7777 on January 21, 2015, 12:34:23 PM ... And I would like to know this as well : - When will be the next block halving after the next one occurring ? Here's the block reward schedule, note that dates are only estimated: https://en.bitcoin.it/wiki/Controlled_supply (https://en.bitcoin.it/wiki/Controlled_supply) (scroll down) Halvings should occur roughly every 4 years. So after the 2016, the next one should be in 2020/21. This clock can be useful in tracing the next halving: http://bitcoinclock.com/ (http://bitcoinclock.com/) - What is the speculation about the price after the next halving occur ? The general hopes are that the price will rise. If so, it will likely go up before the halving. But anything can happen really. It can increase 10-fold, but it could be increase from $20 to $200, or it could drop from $2000 to $1000. Don't take any predictions too seriously. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: kpitti on January 21, 2015, 01:56:34 PM In short, there's a stable amount of new Bitcoins which are created everyday, this is a kind of inflation which puts downward pressure on Bitcoin's price (since many miners, well probably the vast majority of them, instantly sell them). Block halving simply means that half of the current amount of Bitcoins will be created every day, so there's less negative impact on the price. What an easy explaniation, thank you so much, apperciated a lot. Another question please if you don't mind, why I see people talking about that the price will spike up to $1,000 and more ?! What do you think ? And when will the halving occur, in 2016 ? Thank you. In my opinion this is more less a big wish that price will skyrocket and people become rich :) Title: Re: Can't understand the next block halving and it's impact on the price. Post by: findftp on January 21, 2015, 02:22:34 PM In short, there's a stable amount of new Bitcoins which are created everyday, this is a kind of inflation which puts downward pressure on Bitcoin's price (since many miners, well probably the vast majority of them, instantly sell them). Block halving simply means that half of the current amount of Bitcoins will be created every day, so there's less negative impact on the price. What an easy explaniation, thank you so much, apperciated a lot. Another question please if you don't mind, why I see people talking about that the price will spike up to $1,000 and more ?! What do you think ? And when will the halving occur, in 2016 ? Thank you. In my opinion this is more less a big wish that price will skyrocket and people become rich :) Rich in terms of what? Dollars? You should do the following thought experiment: What if people paid you 100000000000000 USD for 1 satoshi, would you do it? The answer is yes, because it is a pretty good deal for toilet paper. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: Herbert2020 on January 21, 2015, 02:42:46 PM In short, there's a stable amount of new Bitcoins which are created everyday, this is a kind of inflation which puts downward pressure on Bitcoin's price (since many miners, well probably the vast majority of them, instantly sell them). Block halving simply means that half of the current amount of Bitcoins will be created every day, so there's less negative impact on the price. What an easy explaniation, thank you so much, apperciated a lot. Another question please if you don't mind, why I see people talking about that the price will spike up to $1,000 and more ?! What do you think ? And when will the halving occur, in 2016 ? Thank you. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: Gervais on January 21, 2015, 03:33:18 PM Hello, Can someone easily tell me what is the next block halving that will occur in 2016/2017 and it's impact on the price. - What is the speculation about the price after the next halving occur ? Thank you. Nobody can say. It depends on many factors. I think basic supply and demand should follow and the price should go up but to what is relative and depends on factors at the time. Bitcoins could be worth much more or much less than what they are worth now and at the time of the halving demand for them could be up or down. One thing I do know is its going to be an exciting time to see what does actually happen. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: odolvlobo on January 21, 2015, 05:12:46 PM Well if the block reward is getting halved from 25 BTC to 12.5 BTC, it literally means there's FTFY. Bitcoins are not consumed. The number of bitcoins in circulation will continue to grow despite the subsidy being halved. It will take many block halvings before Bitcoins actually become scarce though. Even with 12.5 Bitcoins created on average every 10 minutes, it's still very inflationary. "Scarce", in the economic sense, means "limited". Bitcoin is "scarce" because there will never be more than 21 million. It is true that if demand is very high then bitcoins could be hard to obtain because of their limited nature, but bitcoins are "scarce" even if the demand is very low and they are not hard to obtain. During the time when the subsidy is 12.5 BTC, the rate of increase in the money supply will be about 4% per year. Title: Re: Can't understand the next block halving and it's impact on the price. Post by: JakeThePanda on February 01, 2015, 01:34:46 AM More than half the bitcoins are already in circulation. Block halving won't really have that much impact anymore.
Title: Re: Can't understand the next block halving and it's impact on the price. Post by: BillyBobZorton on February 04, 2015, 05:30:43 PM It should make bitcoin more valuable because rewards go down, that is, if the demand is decent tho, otherwise its bad news due miners seeing its not worth it.
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