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Title: A noob question. Post by: dothebeats on March 09, 2015, 05:40:12 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market?
Confused here. Please help. ??? ??? Title: Re: A noob question. Post by: jerk on March 09, 2015, 05:47:36 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? Near??? still 72 weeks away, a lifetime in bitcoin time http://bitcoinclock.com/ Title: Re: A noob question. Post by: EcuaMobi on March 09, 2015, 05:50:41 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? The halving of the reward is only one factor. Of course if the demand reduces more than the supply then the price will go down. But the halving means a price increase is more likely (just likely). Title: Re: A noob question. Post by: NeuroticFish on March 09, 2015, 05:53:18 PM First of all, there's more than a year until halving.
Second, I've seen a few halving moments in Dogecoin life. A price jump was expected. And you know what happened? Nothing. Exactly nothing. So the rule is.. that there's no rule. Not all miners dump everything. The buyers .. some days buy more, some days buy less. Not related to the dumps by the miners, more related to their needs and calculations. The price.. follows all this. Title: Re: A noob question. Post by: dothebeats on March 09, 2015, 05:56:38 PM First of all, there's more than a year until halving. Second, I've seen a few halving moments in Dogecoin life. A price jump was expected. And you know what happened? Nothing. Exactly nothing. So the rule is.. that there's no rule. Not all miners dump everything. The buyers .. some days buy more, some days buy less. Not related to the dumps by the miners, more related to their needs and calculations. The price.. follows all this. So does that mean that the price is heavily dependent on the miners and buyers side, and the supply only affects little of the movement in price? Title: Re: A noob question. Post by: RodeoX on March 09, 2015, 05:57:01 PM Last time there was little movement when halving happened. It looked like the movement took place in the months before. So that it was factored in by the date. Generally you are spot on that a decrease in supply leads to a relative increase in demand. But if demand dropped by exactly half then one would expect flat prices.
Title: Re: A noob question. Post by: dothebeats on March 09, 2015, 06:00:27 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? The halving of the reward is only one factor. Of course if the demand reduces more than the supply then the price will go down. But the halving means a price increase is more likely (just likely). As far as I can comprehend (because I am an economics noob) less supply = high price. That was at least what my teachers taught me, but what if less supply = less demand? Would the expected price still high or no? Sorry but I cannot really get it. ??? Near??? still 72 weeks away, a lifetime in bitcoin time http://bitcoinclock.com/ I don't time events like some any other market trader, but considering I am in a different environment, 72 weeks is indeed ages to count. Title: Re: A noob question. Post by: EcuaMobi on March 09, 2015, 06:04:06 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? The halving of the reward is only one factor. Of course if the demand reduces more than the supply then the price will go down. But the halving means a price increase is more likely (just likely). As far as I can comprehend (because I am an economics noob) less supply = high price. That was at least what my teachers taught me, but what if less supply = less demand? Would the expected price still high or no? Sorry but I cannot really get it. ??? Less supply = higher price. Less demand = lower price. That's easy with a single variable. If both supply and demand change then you need to know which changed more. For example if supply reduces 25% and demand reduces to half then the price will go down. Title: Re: A noob question. Post by: LiteCoinGuy on March 09, 2015, 06:06:13 PM i dont care if the price will rise or not but we should definitely make a halving party :D !
Title: Re: A noob question. Post by: dothebeats on March 09, 2015, 06:09:27 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? The halving of the reward is only one factor. Of course if the demand reduces more than the supply then the price will go down. But the halving means a price increase is more likely (just likely). As far as I can comprehend (because I am an economics noob) less supply = high price. That was at least what my teachers taught me, but what if less supply = less demand? Would the expected price still high or no? Sorry but I cannot really get it. ??? Less supply = higher price. Less demand = lower price. That's easy with a single variable. If both supply and demand change then you need to know which changed more. For example if supply reduces 25% and demand reduces to half then the price will go down. That did help. I'm slowly gaining some knowledge with this problem in my mind. I've been thinking about it for hours now and I'm quite shy to ask this. :( Thanks for answering. The help is really appreciated. :) i dont care if the price will rise or not but we should definitely make a halving party :D ! We really should have one! ;D Title: Re: A noob question. Post by: cramved on March 09, 2015, 06:23:58 PM The halving will also have a ripple effect because if the reward is half and the price stays the same then the inefficient miners will go out of the market these miners are probably small and save the bit-coin. I think that it will be a net zero event maybe a small increase but the price will go up once bit coin gains more steam due to supply and demand.
Title: Re: A noob question. Post by: Mikestang on March 09, 2015, 06:36:32 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? The halving of the reward is only one factor. Of course if the demand reduces more than the supply then the price will go down. But the halving means a price increase is more likely (just likely). As far as I can comprehend (because I am an economics noob) less supply = high price. That was at least what my teachers taught me, but what if less supply = less demand? Would the expected price still high or no? Sorry but I cannot really get it. ??? Less supply = higher price. Less demand = lower price. That's easy with a single variable. If both supply and demand change then you need to know which changed more. For example if supply reduces 25% and demand reduces to half then the price will go down. That did help. I'm slowly gaining some knowledge with this problem in my mind. I've been thinking about it for hours now and I'm quite shy to ask this. :( Thanks for answering. The help is really appreciated. :) I think you might be struggling with it because you are basically trying to predict the future based on a few knowns today. Economic forces are not simple matters, and usually if you expect A to happen then B will happen. There's more to supply and demand than just "supply" and "demand", those two terms are very broad and encompass and number of different elements. Title: Re: A noob question. Post by: dothebeats on March 09, 2015, 07:10:07 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? The halving of the reward is only one factor. Of course if the demand reduces more than the supply then the price will go down. But the halving means a price increase is more likely (just likely). As far as I can comprehend (because I am an economics noob) less supply = high price. That was at least what my teachers taught me, but what if less supply = less demand? Would the expected price still high or no? Sorry but I cannot really get it. ??? Less supply = higher price. Less demand = lower price. That's easy with a single variable. If both supply and demand change then you need to know which changed more. For example if supply reduces 25% and demand reduces to half then the price will go down. That did help. I'm slowly gaining some knowledge with this problem in my mind. I've been thinking about it for hours now and I'm quite shy to ask this. :( Thanks for answering. The help is really appreciated. :) I think you might be struggling with it because you are basically trying to predict the future based on a few knowns today. Economic forces are not simple matters, and usually if you expect A to happen then B will happen. There's more to supply and demand than just "supply" and "demand", those two terms are very broad and encompass and number of different elements. I completely agree. On an economic point of view, the terms "supply" and "demand" are somewhat very broad and complex--incomprehensible to the not-so economist-type of person, including myself. Title: Re: A noob question. Post by: NUFCrichard on March 09, 2015, 07:35:59 PM It will be a death knell for miners, unless the price is significantly higher than now.
It is good for the long term future of Bitcoin, as inflation will be immediately halved, making the current coins in circulation more valuable, but it is a known event, the market can price it in slowly over time, so no big change in price should be expected, in fact usually such events result in a move in the other direction as people buy the rumour and sell the fact. Title: Re: A noob question. Post by: thejaytiesto on March 09, 2015, 07:46:19 PM It will be a death knell for miners, unless the price is significantly higher than now. It will benefit all the miners that choose to go long term. Those that are in for the quick buck will suffer undoubtedly. It is good for the long term future of Bitcoin, as inflation will be immediately halved, making the current coins in circulation more valuable, but it is a known event, the market can price it in slowly over time, so no big change in price should be expected, in fact usually such events result in a move in the other direction as people buy the rumour and sell the fact. Title: Re: A noob question. Post by: Amph on March 09, 2015, 07:51:06 PM if that scenario will ever happen, it mean bitcoin is dying, because no one is buying, and there is only mining going on
Title: Re: A noob question. Post by: Possum577 on March 09, 2015, 10:34:44 PM Yeah, near as in this time next year...so we get to wait.
It won't be the death to miners, it'll just require consolidation of the miners because only the operations that are scaled big enough will be able to make a profit. And actually, why do all 21 Million coins have to be mined? They don't. Bitcoin can still survive with whatever coins exist and those that want to mine can spend their time and money doing so. Just like gold today. Title: Re: A noob question. Post by: 9000 on March 09, 2015, 11:00:20 PM Usually mining reward decrease has no effect on the price.
Currently there are 3600 new coins every day, just in the last 24 hours bitcoin trade volume is above 150,000 coins, 3600 coins if immediately dumped by miners has no effect on price. Title: Re: A noob question. Post by: EcuaMobi on March 09, 2015, 11:06:13 PM Usually mining reward decrease has no effect on the price. Currently there are 3600 new coins every day, just in the last 24 hours bitcoin trade volume is above 150,000 coins, 3600 coins if immediately dumped by miners has no effect on price. Where did you get the BTC150k figure? From here (https://blockchain.info/charts/trade-volume) I see the volume is about $2-7 million (~15k or 20k BTC) per day on most days, with exceptions. Reducing the daily reward from BTC3,600 to BTC1,800 would definitely have an effect. Of course that's just a factor as I said before. Title: Re: A noob question. Post by: Bit_Happy on March 09, 2015, 11:10:11 PM Last time there was little movement when halving happened. It looked like the movement took place in the months before. So that it was factored in by the date. Generally you are spot on that a decrease in supply leads to a relative increase in demand. But if demand dropped by exactly half then one would expect flat prices. That sounds right, but if my memory is correct there was a huge rally relatively soon after that post-halving quiet time. Title: Re: A noob question. Post by: Wardrick on March 09, 2015, 11:32:49 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? The halving of the reward is only one factor. Of course if the demand reduces more than the supply then the price will go down. But the halving means a price increase is more likely (just likely). As far as I can comprehend (because I am an economics noob) less supply = high price. That was at least what my teachers taught me, but what if less supply = less demand? Would the expected price still high or no? Sorry but I cannot really get it. ??? Near??? still 72 weeks away, a lifetime in bitcoin time http://bitcoinclock.com/ I don't time events like some any other market trader, but considering I am in a different environment, 72 weeks is indeed ages to count. As far as the average Bitcoin user is concerned, I don't think this process has a lot to do with how they view Bitcoin or if they will buy or sell it. That said, it wouldn't make sense to think that less supply = less demand. Less supply will cause the market to rise not only because less supply + same demand = more difficult to obtain, but because people will see the rise it causes and want to get into Bitcoin. People will view Bitcoin as more successful the more expensive it gets, thus causing more attraction. That is, if the massive rise and falls and market volatility from time to time don't keep people away. Title: Re: A noob question. Post by: randy8777 on March 09, 2015, 11:35:12 PM i think people are expecting too much from the halving which is still over a year away from now.
less supply mostly results in higher demand, but what if the demand at that time reaches a record low? don't get excited too quickly. good reminder. Title: Re: A noob question. Post by: 9000 on March 09, 2015, 11:42:09 PM Usually mining reward decrease has no effect on the price. Currently there are 3600 new coins every day, just in the last 24 hours bitcoin trade volume is above 150,000 coins, 3600 coins if immediately dumped by miners has no effect on price. Where did you get the BTC150k figure? From here (https://blockchain.info/charts/trade-volume) I see the volume is about $2-7 million (~15k or 20k BTC) per day on most days, with exceptions. Reducing the daily reward from BTC3,600 to BTC1,800 would definitely have an effect. Of course that's just a factor as I said before. Here: https://bitcoinaverage.com/#USD At winkdex.com shows 88k+ and it doesn't even count Chinese exchanges. Title: Re: A noob question. Post by: eizh on March 10, 2015, 05:50:30 AM Usually mining reward decrease has no effect on the price. Currently there are 3600 new coins every day, just in the last 24 hours bitcoin trade volume is above 150,000 coins, 3600 coins if immediately dumped by miners has no effect on price. Where did you get the BTC150k figure? From here (https://blockchain.info/charts/trade-volume) I see the volume is about $2-7 million (~15k or 20k BTC) per day on most days, with exceptions. Reducing the daily reward from BTC3,600 to BTC1,800 would definitely have an effect. Of course that's just a factor as I said before. There's definitely something wrong with their numbers. Typical daily USD volume is actually in the neighborhood of $15-20 million. Title: Re: A noob question. Post by: odolvlobo on March 10, 2015, 07:26:40 AM Usually mining reward decrease has no effect on the price. Where did you get the BTC150k figure? From here (https://blockchain.info/charts/trade-volume) I see the volume is about $2-7 million (~15k or 20k BTC) per day on most days, with exceptions.Currently there are 3600 new coins every day, just in the last 24 hours bitcoin trade volume is above 150,000 coins, 3600 coins if immediately dumped by miners has no effect on price. Reducing the daily reward from BTC3,600 to BTC1,800 would definitely have an effect. Of course that's just a factor as I said before. Bitfinex alone reports 70k BTC volume per day, which is about $20 million. The blockchain.info numbers (15k - 20k BTC) cannot be the total of all exchanges. But, the point I really wanted to make is that the supply is not just the number of new bitcoins because bitcoins are not consumed. Also, remember that supply and demand are not simple numbers. They are functions in which the quantity depends on the price (or vice versa). Title: Re: A noob question. Post by: derellkeefe on March 10, 2015, 11:41:51 AM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? Near??? still 72 weeks away, a lifetime in bitcoin time http://bitcoinclock.com/ thank you for the link! Title: Re: A noob question. Post by: Q7 on March 10, 2015, 01:28:46 PM Well the halving means reduction in bitcoin supply by 50 percent and if the demand maintains the same as per current rate, theoretically we should see the price moving up. However like what you ask per the scenario basis, if lets say demand slows down a bit dropping by only 10 percent, overall we should still see the price going up.
Title: Re: A noob question. Post by: Possum577 on March 10, 2015, 02:31:46 PM Did we see much price increase correlated to the last halving? I don't think so. But perhaps that rate (from 50 to 25) still wasn't enough to cause a shortage of supply over demand.
Title: Re: A noob question. Post by: dothebeats on March 10, 2015, 03:02:07 PM Did we see much price increase correlated to the last halving? I don't think so. But perhaps that rate (from 50 to 25) still wasn't enough to cause a shortage of supply over demand. Well if the price didn't increase, I assume that there is not enough demand to account with the then reduced supply. This statement is based on what I've learned so far from this thread. :) Title: Re: A noob question. Post by: Wardrick on March 10, 2015, 07:07:21 PM Did we see much price increase correlated to the last halving? I don't think so. But perhaps that rate (from 50 to 25) still wasn't enough to cause a shortage of supply over demand. Well if the price didn't increase, I assume that there is not enough demand to account with the then reduced supply. This statement is based on what I've learned so far from this thread. :) The massive rise and falls in the price of Bitcoin can have a lot to do with large businesses and whales hording Bitcoin and then dropping it all at once for a massive profit. This is plausible and would affect the market in such a way that even if Bitcoin supply were to decrease the demand would stay relatively the same because it is based on an artificial market where the demand is already much less than that of which Bitcoin is being produced. Bitcoin popularity has been rising gradually and it wouldn't make sense for their to be a large jump in price after halving soley because of the "new" demand. I would think that the majority of Bitcoin in circulation right now have already been around for quite awhile. Title: Re: A noob question. Post by: AtheistAKASaneBrain on March 13, 2015, 04:29:35 PM Did we see much price increase correlated to the last halving? I don't think so. But perhaps that rate (from 50 to 25) still wasn't enough to cause a shortage of supply over demand. Well if the price didn't increase, I assume that there is not enough demand to account with the then reduced supply. This statement is based on what I've learned so far from this thread. :) Title: Re: A noob question. Post by: deisik on March 15, 2015, 11:53:20 AM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Miners' contribution to bitcoin market price (or rather its fluctuations) through supply of new coins is insignificant at best. Not that it is completely irrelevant, but it is more often than not overridden (with a vengeance) by other factors, many of which are purely speculative ("pump-and-dump" being one of them)... Title: Re: A noob question. Post by: Erdogan on March 15, 2015, 10:25:53 PM Be aware that supply is the coins that current holders have and want to sell for a price, and are brought to the market by offering them in an exchange (for example) or are sold to someone offering to buy. That is, people who wants to reduce their holdings and acts upon that.
The number of coins in existence is not supply in the market sense, it is just that (number of coins in existence), you could also call it total coin volume. Title: Re: A noob question. Post by: EsBitcoin.org on March 15, 2015, 11:37:06 PM Halving is coming!
http://bitcoinclock.com/ Title: Re: A noob question. Post by: grendel25 on March 16, 2015, 03:07:44 AM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? If there's one thing certain about bitcoin it's the uncertainty of what the price will be given a myriad of factors. A lot of people think the price is higher than it should be right now and just as many people think it should be worth a lot more. So it all depends on how well the current support carries on and how the further development of bitcoin unfolds. There is "A TON" of infrastructure support already in place for bitcoin which gives it a big advantage over other cryptos and that will likely eventually build stability that is inline with it's structure. Title: Re: A noob question. Post by: flyingplows on March 16, 2015, 07:00:35 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? I somehow think that regulations and the stance of governments towards bitcoin will play a huge role here. In my eyes governments of china and usa are still waiting for btc to reach bigger adoption and price and then they will seize big amount of But then again - increase from where? Probably from the price near to halving and we dont know what it would be. ;) Title: Re: A noob question. Post by: TTMNewsMJ on October 23, 2015, 09:49:44 AM i dont care if the price will rise or not but we should definitely make a halving party :D ! Yes. I agree with you.I don't care about the price of the bitcoin. Title: Re: A noob question. Post by: StevenLiang on October 23, 2015, 10:15:11 AM Halving is coming! http://bitcoinclock.com/ Bitcoin is a bubble, you need to know that. 4 minutes video, youtube (https://www.youtube.com/watch?v=A7TuFy0fcuw) Moreover, there's a lot CloudMining companies want you to investing your money with them. So them can get a lot profit and just giving your capital back in long time. I'm not confusing about supply and demand in BTC trading, the one thing that i worry about is "Mining Reward". On next 5 years, miners will get less profit. And because of that too, the transaction fee will increase. And BTC price will drop again. WTH Title: Re: A noob question. Post by: CoinHopper on October 24, 2015, 09:23:28 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? It really depends on the demand. Bitcoin has a decreasing supply and a large demand. If there was a low demand, it'd barely be a hundred dollars. Title: Re: A noob question. Post by: odolvlobo on October 24, 2015, 09:38:12 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? It really depends on the demand. Bitcoin has a decreasing supply and a large demand. If there was a low demand, it'd barely be a hundred dollars. The supply of bitcoins is not decreasing. It constantly increasing, currently at the rate of 3600 per day. After the halving next year, it will continue increasing, but at a rate of 1800 per day. The answer to the original question is that as long as the positive shift in market demand continues to exceed the positive shift in market supply, the price will increase, otherwise it will decrease. Market supply and demand are influenced by many factors including adoption, hoarding, the money supply, the velocity of money, and the price itself. Title: Re: A noob question. Post by: Amph on October 25, 2015, 07:38:34 AM i think he mean the mining supply, which will be 1800 exactly, thus making it decreased from 3600
within 5 years anyway the impact of new coins will not be so important in any case Title: Re: A noob question. Post by: dothebeats on October 25, 2015, 07:59:54 AM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? It really depends on the demand. Bitcoin has a decreasing supply and a large demand. If there was a low demand, it'd barely be a hundred dollars. Uh, decreasing mined coins per day is the only thing that's gonna be reduced by half and not the actual supply. The supply is a static 21 million limit which is predicted to be mined at the year 2140. Title: Re: A noob question. Post by: Mickeyb on October 25, 2015, 10:51:23 AM i think he mean the mining supply, which will be 1800 exactly, thus making it decreased from 3600 within 5 years anyway the impact of new coins will not be so important in any case This is still a huge decrease in daily supply. A very significant decrease from 3,600 to 1,800. This is not to be neglected. More and more I believe that this will have huge influence on price as we maybe started already seeing! Very exciting times ahead of us! Title: Re: A noob question. Post by: BitcoinCounty on October 25, 2015, 10:55:57 AM i think he mean the mining supply, which will be 1800 exactly, thus making it decreased from 3600 within 5 years anyway the impact of new coins will not be so important in any case In years, the adoption matters more to the price then the supply of bitcoins. If bitcoin is not dead by then, the price will be very high. Title: Re: A noob question. Post by: Tess The CoinzMaster on October 25, 2015, 10:57:39 AM Price will go up, I think.
Everything points that way... Title: Re: A noob question. Post by: NorrisK on October 25, 2015, 10:59:34 AM i think he mean the mining supply, which will be 1800 exactly, thus making it decreased from 3600 within 5 years anyway the impact of new coins will not be so important in any case This is still a huge decrease in daily supply. A very significant decrease from 3,600 to 1,800. This is not to be neglected. More and more I believe that this will have huge influence on price as we maybe started already seeing! Very exciting times ahead of us! The other thing that impacts this is the amount if the currently mined coins that is being sold at the moment. This is not 100% and will also not become 100%, but may be higher to than currently to cover expenses. However, I don't think available supply will decrease so much that it will increase price very significantly. Title: Re: A noob question. Post by: Amph on October 25, 2015, 11:49:13 AM i think he mean the mining supply, which will be 1800 exactly, thus making it decreased from 3600 within 5 years anyway the impact of new coins will not be so important in any case In years, the adoption matters more to the price then the supply of bitcoins. If bitcoin is not dead by then, the price will be very high. yeah the halving and the lost coins are only a plus, a bonus, without real demand the price of bitcoin can not reach unbelievable level but i guess, every halving will help indirectly this, by building the hype, this is a good thing Title: Re: A noob question. Post by: bitart on October 26, 2015, 11:03:47 AM How does the halving changes (if it does) the prices of the hardware used to mine the bitcoins? If (after the halving) the miners will found half of the bitcoins than before, it will double the time of the return of the price of the hardware. This means it should lower the price of the hardware, if not because of the longer return on investment, maybe people will start to sell their hardware because of the less bitcoin they can mine with, the less they can sell.
But, if the halving starts the price of bitcoin to sky rocket, nobody will sell anything and in that case the ROI will be significantly better. What is your opinion? Title: Re: A noob question. Post by: BitcoinCounty on October 26, 2015, 04:30:59 PM How does the halving changes (if it does) the prices of the hardware used to mine the bitcoins? If (after the halving) the miners will found half of the bitcoins than before, it will double the time of the return of the price of the hardware. This means it should lower the price of the hardware, if not because of the longer return on investment, maybe people will start to sell their hardware because of the less bitcoin they can mine with, the less they can sell. But, if the halving starts the price of bitcoin to sky rocket, nobody will sell anything and in that case the ROI will be significantly better. What is your opinion? After halving, if the price stay the same, then the less efficient miners will go out of business because the electricity cost is higher than generated bitcoin. The price of the more efficient miners will also drop so that mining is still a marginal business. Title: Re: A noob question. Post by: Slark on October 26, 2015, 06:09:27 PM Price will go up, I think. It is bitcoin economy, there is not really logic behind it sometimes. Last time when halving occurred there weren't any significant changes at all.Everything points that way... Price of bitcoin even decreased slightly after it. This time bitcoin is much bigger, but I still can't be sure about that huge price spike. Title: Re: A noob question. Post by: QUEDOS on October 26, 2015, 07:22:33 PM The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market? Confused here. Please help. ??? ??? There are thousands of people globally that transact with bitcoin on a daily basis and the amount of daily users has been growing over the last six years, so it's more than likely that the demand will continue to build up.. thus, block halving will cause bitcoin's value to increase - almost by default Title: Re: A noob question. Post by: odolvlobo on October 26, 2015, 11:43:45 PM i think he mean the mining supply, which will be 1800 exactly, thus making it decreased from 3600 This is still a huge decrease in daily supply. A very significant decrease from 3,600 to 1,800. This is not to be neglected. More and more I believe that this will have huge influence on price as we maybe started already seeing! within 5 years anyway the impact of new coins will not be so important in any case Bitcoins are not consumed and there is no difference between bitcoins mined today and bitcoins mined yesterday, so even the "daily supply" is constantly rising. Title: Re: A noob question. Post by: prodigy8 on October 27, 2015, 12:04:59 AM The number of bitcoin will not stop 'produced' at the halving period.
The only thing is that the block reward will be 50% less, and i think a good amount of miners will leave. By this the difficulty will be fall down a bit, but as the new technology trend is rising more new miners will be more efficient and the profit will be increased, together with it also the bitcoin price. Title: Re: A noob question. Post by: BitcoinCounty on October 27, 2015, 02:18:20 PM Gradually, the fresh supply of bitcoin matters less and less. The wide adoption of bitcoin is most important of all.
Title: Re: A noob question. Post by: odolvlobo on October 27, 2015, 09:46:32 PM Gradually, the fresh supply of bitcoin matters less and less. The wide adoption of bitcoin is most important of all. Bitcoins don't go stale. There is no "fresh" supply, but I think what you are really saying is that the reduction of inflation to zero over time causes the downward pressure on the price to go to zero. Title: Re: A noob question. Post by: Yerm on October 27, 2015, 09:49:28 PM Gradually, the fresh supply of bitcoin matters less and less. The wide adoption of bitcoin is most important of all. Bitcoins don't go stale. There is no "fresh" supply, but I think what you are really saying is that the reduction of inflation to zero over time causes the downward pressure on the price to go to zero. Title: Re: A noob question. Post by: Sourgummies on October 28, 2015, 01:20:07 AM Price may not necessarily go up enough to keep the miners interested enough to continue mining.
This might be a touchy subject but hopefully there will be enough demand to keep the system going Title: Re: A noob question. Post by: Amph on October 28, 2015, 08:10:23 AM Gradually, the fresh supply of bitcoin matters less and less. The wide adoption of bitcoin is most important of all. Bitcoins don't go stale. There is no "fresh" supply, but I think what you are really saying is that the reduction of inflation to zero over time causes the downward pressure on the price to go to zero. actually there is, but it's a side effect, we cna call it in this way... those that are waiting to jump on bitcoin, but the price of bitcoin is too proibitive for them, wil be forced to enter at some point if they believe that the price will not rise, and their chance would go toward zero because they know that if the price won't increase, miner will leave, and they would miss their opportunity to have a decent profit Title: Re: A noob question. Post by: bitart on October 28, 2015, 12:13:50 PM And what about the miners' equipment? Today it doesn't worth to mine with graphical cards anymore, only with special equipment. If you mine the same time, use electricity, and you find half quantity of bitcoin, the price should increase to let miners stay in business.
What about transaction fees? Will they increase as well after the halving as well? Title: Re: A noob question. Post by: BitcoinCounty on October 28, 2015, 01:02:55 PM And what about the miners' equipment? Today it doesn't worth to mine with graphical cards anymore, only with special equipment. If you mine the same time, use electricity, and you find half quantity of bitcoin, the price should increase to let miners stay in business. What about transaction fees? Will they increase as well after the halving as well? There is no need for the price to rise for the miners to stay in business. The miners will just switch off 50% of the miners. Title: Re: A noob question. Post by: bitart on October 28, 2015, 10:00:21 PM And what about the miners' equipment? Today it doesn't worth to mine with graphical cards anymore, only with special equipment. If you mine the same time, use electricity, and you find half quantity of bitcoin, the price should increase to let miners stay in business. What about transaction fees? Will they increase as well after the halving as well? There is no need for the price to rise for the miners to stay in business. The miners will just switch off 50% of the miners. Today if you want to urge your transaction you can choose priority fees or if you have time to wait you can choose economy fees, there is a difference that is noticeable already. Title: Re: A noob question. Post by: Febo on October 29, 2015, 12:46:10 AM And what about the miners' equipment? Today it doesn't worth to mine with graphical cards anymore, only with special equipment. If you mine the same time, use electricity, and you find half quantity of bitcoin, the price should increase to let miners stay in business. What about transaction fees? Will they increase as well after the halving as well? There is no need for the price to rise for the miners to stay in business. The miners will just switch off 50% of the miners. Today if you want to urge your transaction you can choose priority fees or if you have time to wait you can choose economy fees, there is a difference that is noticeable already. If there will be 50% less mines, it only mean that blockchain is more vulnerable for an attack. Transactions will be still made. When number of transactions will increase that much to not fit in a block developers will increase the block size. there was lots of talks about that already, to make right timing and how much to increase size. |