Bitcoin Forum

There are many answers to this question and I am looking forward to see everyone's opinion.

Some say there won't be any difference because the halving effect has begun already but I don't think so. I see 2 scenarios:

- Loads of media attention and a big rally

or

- Not much media attention, not much difference in the price, people getting disappointed and selling their coins leading to a crash

Hard to answer.It could already be priced in.
But maybe it's not and a 2x increase or so could be possible.
I myself don't give it that much of attention and will stick to my strategy.
So it doesn't really bother me.

coins will be harder to get. combine this with more adoption (more people will need it) and you'll get a price raise. no adoption increase and it will be suck for everyone.
personally I think the price will raise to $500~$600 after the halving.

By harder you mean it will require double the computing power to produce the same amount of coins.

yes. because the halving halves the block reward from 25BTC to 12.5BTC. ofc the difficulty can affect that also.

The difficulty will be much higher than before,i think ever 2 weeks the difficulty raises and with the halving it will be much more harder to mine.

Probably the price will go up a little, not so much as happened the last in 2013, this was also manipulated by MtGox.

it is almost certain that it will go up, the problem is knowing when exactly, but buying now is a good profit indeed for later this year

If the price of bitcoin rises after the halving it will be somewhere close to a few months after halving.

The bitcoin difficulty has been increasing a lot lately and we might see a huge drop in this if the price doesn't take a big turn.

It will be purely due to all the speculation around the block halving. That's why I expect the month before the actual block halving to be very volatile with large price swings. After everything is cooled down we will see the real impact on the price.

I've been hearing of bitcoin for quite long, but I've never bothered to buy some or whatever. Then I've read that there's reward halving for miners happening every 4 years and somehow came up to buy some. So If there'll be more people like me then the price increases but only until the actual halving happens, that's my opinion.

Yeah and majority of people are holding their coins and not selling at a moment, as everyone is expecting higher price at the time of halving so it would be really interesting to see what would be the price at halving.

The bitcoin block halving should drive the bitcoin price up or it will be unprofitable for miners to continue.

Wasn't the big boys break even calculated to be somewhere around $150 a while back? I dunno if that still counts but maybe they'll still be in profit if the price doesn't budge.

have you checked some of the big miner's bitcoin balances. they are too invested in bitcoin just to let the price go down. they are super whales that are going to keep bitcoin from going to low prices.

looking at what happened in 2013 after the first halving in 2012, i think the price will shoot up in 2017. thats just my guess. other people think that the anticipation of the halving has already affected the market price to what it is now.

nowadays there is much more money needed to pump the price. also, right now there are much more coins on the market than with the previous block halving. more coins means more potential selling pressure. btw, the block halving will happen this year.

yeah but at the same time there is a lot of more bitcoin users too. which means that many more demand.

The block halving will have a huge impact with the price of bitcoin since bitcoin by that time will be hard to mine,so the harder to mine bitcoin the price of it will rise i think double the amount now.

I don't think the price of bitcoin is determined by how much hashpower it takes to mine a bitcoin block.

Oh, look ... a pattern.  :D

10 USD to 56 USD ... that's the halving effect after 6 months.

http://imagizer.imageshack.us/a/img922/6792/mHY8ne.png

nothing is for certain. for all we know the bitcoin price can stay here at $410 level for the whole year and just move a little.

but if it is half as it was like last time, the price will go up to 600-700 and more because of it.

well not but but the hype for the block halving, will instigate a higher demand that will lead to a higher price, it's a mental condition, not a math condition

Not a big impact after block halving ends but we will see that the price will gradually move into high... not exact time in july will effect after halving and i think september we will see that the price will increase around 600-700.. just lets hope that it will happen..

i block halving is going to have an effect on bitcoin price it is going to be a big effect or no effect. and i think it is going to be big, and it is possible to see $1000 per bitcoin again.

Yeah we all are expecting a price increase after the block halving because the miners need profit.

True, It is more likely an increase in the price but besides a pump can happens, For example hit $1000 and after drop to $600-800 levels, For the reason that it can generate much excitement and if the price begins to grow then max price could be determined for  the big whales and when the whales does their game, nothing is written.

The whales are waiting for something. That is certain. But I don't know what. It seems to me they got plans else they would net rest the price around 400 dollars.
Maybe another pump because of the halving or something else?

Initially after the block halving the price might be pumped but will return to a stable range after some time.

Thats hard to say, because you never know what can happen later with the value and that is the problem. I think that it will not rise that much.
You can see now that the value is rising slowly and that the most people can have some profit.

whales aren't really waiting for anything. it's the community here that is waiting for the price to sky rocket. whales will do their work once they think the time is right. at the moment we're sitting in a calm phase which might bore some people, but the block halving panic will start once we're a few weeks away from the actual halving. that's when you will see the whales come to live.

But as per economical basic thumb rule, the reduction in supply will impact the value of bitcoin for sure. But how much and how long and how far the impact will reflect is still a mystery. Positive impact is guaranteed.

that's called waiting.


so we might reach $2000 by the end of this year? hell yeah!!  :P

well because halving will halve block rewards, miners will get 50% less money so price will have to go 2x times up to be good for miners again

but i don't think that price will rise so high, i think after halving it will be 750$ or even less, because price falls down this whole week

I keep seeing different opinions on what will happen. Lets be honest the halving is pretty near now & nothing's happening. I hope it isn't already priced in as some have said.

Well its near but still far from happening,when the whales and miners made there move we will see what will happen to the bitcoin price.
The market will be flooded by that time who knows maybe its a dump or pump.

I am starting to feel that the halving is already built in.  Although hopes of moon shot profits from halving is fun I think that a more stable price will be better for bitcoin in the end. 

well first of all i cant agree that the price of the bitcoin is already in its highest numbers as it is still pretty low

besides that i also can not agree with the opinion that the stability is the best for bitcoin, people usually want to make money easy so a huge growth would attract investors

It will not change that much I think. Because you can see already know that it isnt even rising so that is really bad for the people who already have some Bitcoin.
But you never know what will happen with the future, but I dont think so that it will rise after the halving.

i am sure that price will rise but i am not sure that it will rise to 1000$ like everyone hopes for, i think that we will be very happy and very lucky if price will rise by 300$ to 800$, i'm just afraid that after halving everyone will sell their coins so price will fall really soon

Price will very likely rise, but it might be even a while after the halving for them to do so... it does not have to be before the halving neccessarily.

Might go up, might go down, might hardly move.  It's going to dominate this forum as it gets closer that's for sure.  I would like to see a nice increase but not too crazy or it will come crashing back.

well i think that price will only rise, of course week after halving price should fall, because everyone will sell bitcoins, but then price will rise again

price rises even now, because everyone wants to buy more and more bitcoins so price rises by 5$ each day now

The halving would really raise the price high...just remember that everyone is expecting a high price during halving and probably be accumulating and holding coins before halving, and after the halving, the coins mined will decrease to half, supply won't be high so price would really increase...

If the supply is really low then the price will surely be high this is the basic in marketing and trading,but i think so many people are holding and when the halving come there will be a lot of people selling bitcoin which will flood the market.

Why would the many people that are holding bitcoins sell them after the block halving period?

The block halving will increase the prices. But it might just double the price. We need general adoption to increase the price a lot.

It is because of the high price...everyone is thinking of the price after the halving to be an opportunity to profit big...As we can see now, everyone is speculating about the price hike..Most probably because they will be selling coins that time..

They won't, it's a line of FUD you hear around here, from time to time. Most people holding on to coin these days are in for the long haul, perhaps Lightening Networks will make them rich, but they're mainly here for uncensorable wealth storage, which serves the same purpose at $40 or $400.

The price can go up with the impact of the halving. If the price goes way up this will effect the bitcoin users because bitcoins will be harder to get because they are just getting more expensive. Not everyone can afford the high prices and those people might even quit Bitcoin.

Block halving will surely shrink supply, but demand and the potential for future demand, have been shrinking for several years already. Now even the slowest have understood that bitcoin has no place in legal commerce and finance in general. People now understand more that bitcoin merchant adoption is only useful as a publicity stunt, and no one will use bitcoin for it's practical properties in legal commerce. All the legal interests have been projected towards the blockchain technology and finding more practical solutions that would be based on that technology.

BTC is a low quality currency with heavy stability issues and the best that it can do, is to offer short time wealth transfer options for more stable and trustworthy currencies. This is most useful only to black and gray markets, where relative anonymity of bitcoin is useful in wealth transfers. The only thing probably holding up BTC price is that black/grey markets still keep flowing value to and out of BTC. This will stop when the trackable nature of bitcoin transfers become too big of an issue and a more innovative crypto with better stealth properties will take over.

I think that halving will mark a major line, where smarter folks exit and dumber folks get trapped in a dying coin. It can spike to 500$+, so everyone would go long while yelling "WOW, WE R GOING TO BE RICHHH!!", but it could just very well start retracting from the present point, because enough people have already gone long and the roof is just too heavy for a proper show. Anyway, bitcoin is still not a good gamble in my books. It has only become more fragile and unpredictable over the years.

all we know is that it will rise price, but we don't know by how much, it will depend on price that we will have before halving,  but i am pretty sure that it won't be more than 2x price rise, for example if we will have 600$ before halving, we will have up to 1200$ after halving, but this price would be awesome too

I think we will have $500  before halving. After halving the price will be $800. The by year end, the price will be $1500.

The block halving will have a huge impact on the bitcoin price and the halving may take us much closer to the moon or even half way there.

Yeah the block halving will have great impact on the price of bitcoin, the price is going to hit peaks during having, and as you told people won't quit bitcoin because they believe it most and they know about the price fluctuations.

A pump, of course. I remember it happening with Litecoin and doge, was funny, unless you timed wrong your entry and exit points

A pump can increase the price. But it is just in short term. And the price will drop in medium term. Just like what happened in 2013-2015.

So you're arguing halving the block reward will lead to an increased supply of bitcoin? That could actually explain why the price went up a months after the last halving: the reward stays lower, and the increased supply of people who are holding now and selling after the halving dries up after a while.

BTC can't really be compared to DOGE or LTC, an abrupt increase in the price due to the halving will be surely followed by a correction \ drop but still to a price higher than the starting one.
Ultimately, in the medium-long term, the laws of demand/offer will affect BTC price too.

That is right. So I would not like the price to rise too quickly after the halving. We just need to reach $1000 later in the year.

Price after halving won't increase much. If the price increase on halving was low then we can see some gradual rise and within short time it starts to decrease and get stabilized around a good price.

I think that comes a  accumulation phase previous to halving so price could  go up.

I think the halving could double the bitcoin price to around $800 level. It could rise again if there is some pumps.