Only $360mio of inflow needed to keep current price and reach next halving!

[bitpump]

Only $360mio of inflow needed to keep current price and reach next halving!

Next Bitcoin halving around July 1, 2016
https://www.reddit.com/r/Bitcoin/comments/3eu30l/bitcoin_clock_estimates_theres_now_less_than_a/ctigd6x

Untill July 1, 2016:  3600 BTC per day * 297 USD * 339 days = 362,458,800  USD

Per day:  3600 BTC * 297 USD =  1,069,200  USD

After halving, Per day: only 534,600 USD ( 1800 BTC * 297 USD) is needed to keep current price.

However, if inflow will still be $1mio, prices are expected to rise significantly

[Amph]

if the day trading activity and the buy/sell from big merchants or every small merchants is at sum zero or sligtly in favor of buyers(because apparently there are more holders), then the reduction of 500k should double the price in theory

i mean the current coins in circulation does not matter much , the new produced coins from miners each day are what impacts the price the most

[Elwar]

With over $700 million in VC funds so far this year, there is likely an expected return of at least that much money in return via the Bitcoin businesses they invested in. So $360 million is certainly quite feasible.

[OmegaStarScream]

For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ? 

[Elwar]

For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ? 

Same arguments happened in 2012 before the first halving.

Unfortunately it was true. All miners stopped mining and Bitcoin ceased to be.

RIP

[dothebeats]

For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ? 

That is unlikely to happen because in theory, as the supply diminishes, the value rises. Same with bitcoin, if the price rise by some % in the next halving, chances are miners would still continue on mining with their machines. If the negative happens, some miners who cannot gain profit on mining will simply turn off their miners so as to prevent losses.

[bitpump]

For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ? 

Since miners will only receive half of the reward, they will ask higher price for the mined bitcoins? This will drive up price?

[minernoob1]

Start making a bigger pile of BTC now. You will be regretful of this if you do not.

[Realpra]

For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ? 

Bitcoin is the largest super computer in the entire world.... x500-2000!

I think we would be just fine if there was 100 times less mining.

[gotmilk_]

Bitcoin needs 1mil of new users... That's all 

[bitpump]

A lot of people don't realize that for the price of bitcoin to hold steady right now, people have to buy $1M worth (or 3,600 BTC) per day
https://twitter.com/brian_armstrong/status/629078912908132353

Block rewards are expected to halve some time around July 2016 (and continue halving after that). Even if buying holds steady, price climbs
https://twitter.com/brian_armstrong/status/629079656952561664

[Nagle]

if the day trading activity and the buy/sell from big merchants or every small merchants is at sum zero or sligtly in favor of buyers(because apparently there are more holders), then the reduction of 500k should double the price in theory.

It's a known future event, so it should already be priced into the current price.

[Natalia_AnatolioPAMM]

So why nothing happens? Don't we have this much by now?

[silverbox]

For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ? 

Same arguments happened in 2012 before the first halving.

Unfortunately it was true. All miners stopped mining and Bitcoin ceased to be.

RIP

Omg!  The humanity!

[Wexlike]

For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ? 

Same arguments happened in 2012 before the first halving.

Unfortunately it was true. All miners stopped mining and Bitcoin ceased to be.

RIP

Omg!  The humanity!

Just throw the argument of excessive energy usage and terrorist funding into the pot,lol.

Oh, and think about the children!

[randy8777]

Bitcoin needs 1mil of new users... That's all 

that would be nice but it really depends on the type of new users. if they all are broke and constantly farming faucets for lame rewards then it won't do much.

[gentlemand]

It's a known future event, so it should already be priced into the current price.

Is the final fraction of a coin arriving in 2140 priced in too? If that's the case then we should all go home.

[Dilla]

This is part of the reason why I think the price is being held down right now, and we are in for another large run up.

24h volume is $28mil, and we have been sideways. I know a lot of that is noise, but if it's required that $28 million dollars is needed in volume a day is keeping the price where it is, and only $1million of that is needed for daily new coins, wouldn't you think someone(s) is trying to match the buying volume daily to accumulate slowly, until bitcoin volume gets large enough that you can't sell enough to get the price down? The volume is so small now that anyone with a large position in btc or usd can keep the market where they want and gain on it.

Imagine if the daily buy volume was just $1-2 million more than the sell side daily, and then combined with HALF of the daily need from mining.
Imagine if the daily volume went up to $50-100+ million a day because of Gemini and the ETF. If you don't think people are waiting on the sidelines for that to come around, then you are blind. The approval of those will ease the comfort of buying, and many many more people will buy a few bitcoin "just incase" just incase their crazy neighbor/uncle/coworker was right about bitcoin being revolutionary.
Yes altcoins can overcome bitcoin, but bitcoin really is the only one going mainstream right now and getting this much VC funding, so that won't happen within the near future.
Imagine the volume if this takes up 5% of the worlds transactions.
I'm not going to name any possible prices of what all of this snowballed together could value to, because I don't know, but I know it means a higher value than what it is now, and probably by at least double
2016 is going to be wild.

This is, gentlemen.
Prepare you agnus



For the halving.

[bitcollins85]

If the majority of bitcoin-exchange market supply is coming from mining, which currently seems to be the case, and that supply halves, that's a supply shock. If demand remains the same, the price must roughly double.

[xeretix]

If the majority of bitcoin-exchange market supply is coming from mining, which currently seems to be the case,

Not at all.  Not even if we assume miners selling every coin they mine.
Source: blockchain.info

and that supply halves, that's a supply shock. If demand remains the same, the price must roughly double.

A fundamental misunderstanding of how the market works.
If that was really the case, GM could simply cut the number of cars manufactured in half, and double the price. Profit!