As the title says, is the halving good or bad for the price of bitcoin?
The halving will decrease the supply of bitcoin, whole keeping the demand, so that would make bitcoin worth more.
But the halving will make mining profitibilty worse, meaning less miners, a higher trans. fee, and maybe causing a smaller demand.
What's your verdict?
I think bitcoin will still go up, as the fees might, let's say, double, but that's still a smaller transaction fee than through the banks...
I guess halving is bad for bitcoins but good for bitcoiners. Every halving mining difficulty increases and with the increased demand for bitcoins how much longer can the supply lasts. But there are already steps taken by big industries underlying bitcoin to make it last and survive long. And one way to control and balance the supply and demand is through increasing its value. But for me halving effects will later push the increase on bitcoins price hopefully. the difficulty is/has been increasing all the time. the halving itself doesn't add any extra difficulty on top of the current difficulty. It's not what I read, every halving will increase the difficulty on mining so the reward will be lessen, if the price will not increase the miners will not be operating in profit, at least that is what I know. halving or no halving, the difficulty has been increasing regardless of that. the demand for bitcoin is going up year on year, which translates into a higher price. higher price means more miners are interested in firing up their hardware, and that leads to a higher difficulty. just look at the difficulty charts. just before the halving the next difficulty increase was around 1.5%, and right now it's 2%. it's just a regular difficulty increase. |
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Well it would be nice if the base price of bitcoin will be above 550$ after halving. I think it is possible but I think it can also be breaked. It depends on how much selling pressure bitcoin will have when halving ends and how high is the price it reached before everyone sell.
I think the base (bottom) price of bitcoin will be above $550. That is the mining electricity cost for some miners. That would be mining electricity cost after the halving for small farm or home miners. If you include amortization, the cost will be higher. We are just a few months moved from the $350 levels and at $630, the price seems to hold. We might see a bit more dip, as I don't think the effect of halving will be felt instantly. I think the price will be above around $600 for the near future. If it drops below it, most home miners will be unprofitable. It depends on the actions of the big whales, if they want, they can push the price to below $600 or lower. It's funny how we keep advertising how decentralized and democratic bitcoin is, while in fact a group of whales are determining bitcon's future; the price, the blocksize and even it's development. That's odd right? what's not centralized in this world? it's always a group of people/institutions that controls a certain thing. bitcoin is definitely not an exception. |
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both are is so good, first invest it, after having profit, you may save the profit
doing both at the same time is the best thing. 50% of your money for investment purposes, and the other 50% just keep it in your savings account as it is always a good thing to have money aside for when you need it. that way you have best of both worlds. |
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no one thinks the price will go down that much anymore. especially now we're sitting at +$600 price levels. it's basically pointless to keep this thread open at this point, unless the price goes below $300 again.
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As the title says, is the halving good or bad for the price of bitcoin?
The halving will decrease the supply of bitcoin, whole keeping the demand, so that would make bitcoin worth more.
But the halving will make mining profitibilty worse, meaning less miners, a higher trans. fee, and maybe causing a smaller demand.
What's your verdict?
I think bitcoin will still go up, as the fees might, let's say, double, but that's still a smaller transaction fee than through the banks...
I guess halving is bad for bitcoins but good for bitcoiners. Every halving mining difficulty increases and with the increased demand for bitcoins how much longer can the supply lasts. But there are already steps taken by big industries underlying bitcoin to make it last and survive long. And one way to control and balance the supply and demand is through increasing its value. But for me halving effects will later push the increase on bitcoins price hopefully. the difficulty is/has been increasing all the time. the halving itself doesn't add any extra difficulty on top of the current difficulty. |
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All those who uses bitcoin will definitely like if the bitcoin price goes up. And i think they will not allow the price to go down below 500 again.
if the price happens to fall below the $500 price level again, then it will be a real bummer. but i think for now below $500 prices will not happen unless bad news pops up about a major exchange that got hacked etc. but then again, it could also be a group performance by whales to dump the price down to much lower price levels in the form of a shake-out. bitcoin market is full of surprises. |
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True it is a joke that governments can keep printing money with no real backing by gold. However, they will keep doing this because they can get away with it. I think bitcoin can still survive because of it's unique features.
Yeah bitcoin has a real power to replace the paper money as we can see the world being more devitalize day by day and bitcoin is what its have the strength ! it has the potential to replace fiat money, not the power. the power to replace something is still with the governments. so there is really no point into thinking bitcoin will in fact replace fiat money. it will never happen. |
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... I would have to do a lot of onerous calculations to get the exact number, but at $500 I am sure than I am finally in the green, ahead on my BTC investment. The range would be $480 - $500, I do know that. I started buying after the peak when BTC was in the $700s, and bought fairly steadily all the way down. Since I am on a visit to Peru now, I cannot (easily) spend them, so maybe when I am back in the USA I can buy a tiny amount of gold. Or maybe not! With "The Halving" coming up, maybe I should just sit back and watch the show...  Surely at this moment when bitcoin is around 700$ plus your bitcoins have increased its monetary value. When you said you are in the green at 500$ what could be the right color to associate with 700$. Just kidding, but keeping your bitcoins in your wallet when you are preparing for halving is sure to give you large income. The sudden surge was last month and you who hoard them in your wallet can convert it to cash already since the price has gotten bigger. yeah halving is a great tool for every bitcoin trader,we can get pretty good profit out of it even we are patient,and the good trader is always patient haha the times before the block halving have been very profitable to most smart people. right now the price will most likely try to find a good level to settle at. but that also depends on whether or not we will see a massive dump directly after the halving. i think there will indeed be a dump. |
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bitcoin so far brought me only good things. i can't think of anything negative. i am using bitcoin as store of wealth, currency and as investment tool. what more can i wish for?
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i am hoping for more volatility in the coming hours as it will allow me to make profit while i trade against the volatility. other than that there is not much to look out for, really. block rewards will go down from 25btc to 12.5btc as expected, and that's it....
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invest can make you rich but the chance to lost your money is highest too.
save make your money growing very slowly but the chance to lost your money is very low too.
If you just save your money, you lose its value thru inflation. You can overcome inflation by investing your money. Let your money work for you thru investments and someday you will have enough investment and you do not have to work anymore but you can still have a comfortable life. investing is great if you are willing to take some risks in your life. but a lot people don't like to put their money into something as they don't want to risk anything. these people just keep their money in their savings account for a tiny interest rate. it's not wise of course, but that's all they know and want. so yes, best thing is to make your money work for you. |
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I'm also not gonna sell any bitcoins because its simply just not smart to sell any bitcoins right now with the halving.
Its coming so close now and it will be not smart to sell them right now, its for a part not worth it and you will lose profit also.
It's your choice but it is always good to sell your bitcoins when you already achieve your price goal, me as investor who put a little investment, I would be very glad to sell my bitcoins when I see a price of $800 after the halving but surely a portion of it only. My price goal is $100,000 for each of my bitcoins. So I may have to wait for another 20 to 40 years. Well that is possible we don't know what is going to happen with the price of bitcoin. And I hope that bitcoins price is going to reach that price also. Even I am holding only one bitcoin I am able to earn money for it. Yeah,i have some offline wallet where i hold about 0,3 btc for a really long term,i hope btc wont die and it's price will go until let's say 1000$ then i will sell them probably. I can't wait for halving haha i also keep a certain amount in my cold wallet that i probably will not sell in the coming 5 to 10 years. by that time i hopefully will be rewarded greatly for my trust and patience. at this point the halving will not bring any real surprise. the price will probably go down directly after the block halving is completed. |
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Now it seems to think about the price rise for halving. First let all of us experience the four digit price after which we can speculate whether the bitcoin reaches $10k in a short run or long.
it is clear $10k it will come in the long term, even I thought it would never happen. I can not expect much, if the price of bitcoin is currently difficult to back to $1000, after 2013. you are right. bitcoin prices probably will arrive at a price of $ 10k would require a very long time. I also was not too much to hope that its price up at $ 10k, but I just wish bitcoin up at a price of $ 1000, it's good enough for me just have patience like we all need to have. we can't do anything other than waiting. i aim for the $1000 price level to be reached somewhere in 2017. if it takes longer, then so be it. |
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I dont think it will go above 700$ but I do think it can go below 600$ because of some whales who are expecting very high from the halving event.
literally no price level is safe at this point. the price has maintained its position above the $600 level for now, but i am quite sure that we'll see the price dive below $600 directly after the halving. then we can just hope for a quick recovery to +$600 prices. |
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As most people said, it's uncanny that one or just a fe people own enough btc to act strongly on the price.
BUT, tomorrow after the halving... Well thousands of people will have bought btc during last days and all of them will want to sell it right after... So that could create a huge loss in this case.
people are very alert at this point. i am quite sure that people are ready to start selling and create a massive red candle as the price won't go up as much as they were hoping for. if this dump will indeed happen, then we'll see the price dive well below $600 directly after the halving. |
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Ofcourse 100% best thing is that you now understand how it works and what it does. If the technology ever goes mainstream will have that knowledge to help make any transitions for you easier.Why not ? Bitcoin is the best money. I think paying with bitcoin the most easy way to pay on the internet and the most important is bitcoin has dead 100 or more times.
What do you mean saying "bitcoin has dead 100 or more times" you mean it died few times or something? I dont really get it but the rest of you're post is true,it is the best currency to pay with it in the internet. he's mean bitcoin literally mentioned by some people on the media is going to death but the fact says different and bitcoin still normal even have higher price year by year,100 times dead could call it just joke,even a website out there discussing about this Media is not believing bitcoins and they are the one that are destroying bitcoins. And they want to discourage people who are believing bitcoin. But as that we know what's happening with bitcoin now don't get upset because we are going to harvest it. the media is running a nasty anti bitcoin campaign for quite some time now. nearly every thing that they release regarding bitcoin has a negative context. it's just too obvious. they will definitely scare off some fiat users, but they can't keep this up for ever. bitcoin's existence has made people think about how they want to make their wealth grow instead of decreasing due to fiat being worth less and less. bitcoin's store of wealth functionality is what people need. |
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in 2020 bitcoin can be use in offline mode ?  nah. transactions need to get their confirmations, which is only possible if you're connected to the internet. otherwise you can double spend your coins nearly everywhere.  Exactly, internet is mandatory when it comes to bitcoin transactions, no internet..no bitcoin, but the fact is the speed of internet will also get better and better by that time. Even so, something might be invented, for example spend your btc using wireless or bluetooh only without are connected to internet, Only the server or node receiving and validating transactions or some type of physical coin,prepaid cards,etc,etc. do you even think before writing something? explain me, how will your transaction reach a node when there is no internet connection at all? |
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People should use BTC because you are in control of your own money.
Yes, I do agree with you. You are in control of your money in your bitcoin wallet since you are anonimous in making transactions because as for now the government is not yet making any regulations about using bitcoins. But sooner or later, they will make rules and laws regarding bitcoins and it will limit the use of bitcoins.  I hope it will not happen soon. Even Government cannot have the control on bitcoin and they are very well aware about it and that is the reason they are not giving green signal to bitcoin. governments know what the real power of bitcoin is. it has the potential to transform the entire financial world and the way we do payments, save money, keeping our wealth out of the reach of governments and such. it will cost them many billions every year if bitcoin takes over. that's exactly why they are doing everything to hold back bitcoin. it will not work. bitcoin is too interesting for people. |
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Well man are you still holding coins? If yes then congrats man I think you need to hold it longer just wait for a price rise after or on halving I think a price rise will happen im not sure about the price though. Even if it's price is unsure it will be sure to happen Halving is very few hours far now and price is at $640 at a moment may be it can touch $700 in next couple of hours so holding at a moment is the right thing to do. i think $700 before the block halving is the highest that we can realistically expect from the price in such a short period of time. i think a lot people are already happy that the price didn't go below $600 yesterday. |
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Expect some small drops before big party, believe me. Halving will come into effect months later. Some miners are holding coins for that moment and will sell them at 2x expensive price, others are selling at current price.
The bitcoin price has already risen 50% over the last 3 months due to the halving. It will rise slowly after halving. people don't seem to care about how much the price has already gone up lately. they most likely missed the boat and are now waiting to see the price go up from the current price level. |
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