2016, The Year of Bitcoin?

[Ulloa]

I think it will. The halving is a very big thing f.e. Then I also expect more and more companies to join the bitcoin eco system.

New services etc. etc.

[lumeire]

Reward-Drop ETA date: 07-22-2016 23:49:22

The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins.


this is make bitcoin "rare" for miner  

It's gonna be do or die after the halving. Logically, the price should go up, but if this isn't the case and it holds the miners in a negative ROI for too long, the whole ecosystem might tumble.

Let's hope that doesn't happen.

[bitcoinhopper]

I think it will. The halving is a very big thing f.e. Then I also expect more and more companies to join the bitcoin eco system.

New services etc. etc.

Yes the halving offcourse. It's a major thing these days.

Maybe the price goes to 600 USD. But look at the current rise, it is al in speculation of the upcoming halving. I am sure of that.

[Light]

It's gonna be do or die after the halving. Logically, the price should go up, but if this isn't the case and it holds the miners in a negative ROI for too long, the whole ecosystem might tumble.

Let's hope that doesn't happen.

The miners won't be perpetually be making a loss - the system runs on an equilibrium. Block rewards and fees compensate them for the "effort" up to the point where it is either break-even or profitable. If it's extremely profitable you'd expect more miners to come into play and therefore the system becomes less profitable for any individual miner. On the same point, if it isn't profitable the ones who are making significant losses will leave until such time that it is viable and therefore decreased hashing power will lead to greater profitable for those who remain mining.

I doubt 2016 will be particularly great - but the future is nigh on impossible to predict - let alone something with as much volatility and uncertainty as Bitcoin.

[dhimasnk]

Yeah, hopefully in 2016 will return victorious such bitcoin first and leading price above $500

[Rubberduckie]

Reward-Drop ETA date: 07-22-2016 23:49:22

The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins.


this is make bitcoin "rare" for miner  

It's gonna be do or die after the halving. Logically, the price should go up, but if this isn't the case and it holds the miners in a negative ROI for too long, the whole ecosystem might tumble.

Let's hope that doesn't happen.

Big time have to agree! We will know in 3-6 months after halving. People out there buying miners or planning to must have blinders on. I would rather spend the money to accumulate btc instead of paying energy bills and buying miners. Obviously difficulty keeps going up and up and then BAM the reward cut in half. Btc will have to rise bigtime or will it even make sense to mine? guess we will see but I would rather just accumulate btc before the halving.

[nerFohanzo]

Reward-Drop ETA date: 07-22-2016 23:49:22

The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins.


this is make bitcoin "rare" for miner  

It's gonna be do or die after the halving. Logically, the price should go up, but if this isn't the case and it holds the miners in a negative ROI for too long, the whole ecosystem might tumble.

Let's hope that doesn't happen.

Yeah what you are saying is absolutely correct, I hope that 2016 would be the year for bitcoins and also for the users of bitcoins as we have waited too long that bitcoins reaches to a new level and give us positive returns in the future and we hope that we have reached to that period.

[Hariom]

So The Year 2016 Will Be Bitcoin Year In a Positive way or Negative Way..
But sure it will be a Bitcoin Year In Any of these Ways...
This should be The Correct answer To the OP... LOL ))))))

[Amph]

Reward-Drop ETA date: 07-22-2016 23:49:22

The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins.


this is make bitcoin "rare" for miner  

this will make them dump 1800 less coins, i'm sure they are dumping at least 50% right now(chinese care only about profit), maybe not when they see a price increase

1800 coins are $630k dumped per day

[Mickeyb]

So The Year 2016 Will Be Bitcoin Year In a Positive way or Negative Way..
But sure it will be a Bitcoin Year In Any of these Ways...
This should be The Correct answer To the OP... LOL ))))))

It should definitely be a Bitcoin year in a positive way. Too many good things are currently being planned for me to think differently.

On the other side, with the negativity you never know. One huge exchange hack can kill all the progress that we have been making for 6 months, for example. So we can't say nothing for sure!

[croato]

IDK if 2016 will be year of Bitcoin, but after long boring period, end of this year could be indicator of very exciting 2016. I cant wait to see what will be consequences of that halving.




edit: typo

[MaxTax]

I think that every year the bitcoin grows is a good year for the bitcoin.

Every time it gains more users I believe it's been a successful year.

[QuestionAuthority]

I think that every year the bitcoin grows is a good year for the bitcoin.

Every time it gains more users I believe it's been a successful year.

You're far too wise to post on this forum. You should leave now.

[Luqman]

Your predictions are absolutely right mate, 2016 is belonging to bitcoin, we could see by these days..

[Slark]

Reward-Drop ETA date: 07-22-2016 23:49:22

The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins.


this is make bitcoin "rare" for miner  

It's gonna be do or die after the halving. Logically, the price should go up, but if this isn't the case and it holds the miners in a negative ROI for too long, the whole ecosystem might tumble.

Let's hope that doesn't happen.

There is rather little 'logic' in bitcoin price. It is more like a correlation of crowd mentality, current news and people's paranoia. It won't be the first halving we had, and after last one price didn't go up, even a bit.

[junglist.massive]

year of bitcoin and linux 


But for real I thing we will go mainstream. Halving, bitcoin i banking systems, internet of things, wars, financial crisis. All this stuff make bitcoin around 1k at least

[richardsNY]

I think it will. The halving is a very big thing f.e. Then I also expect more and more companies to join the bitcoin eco system.

New services etc. etc.

Yes the halving offcourse. It's a major thing these days.

Maybe the price goes to 600 USD. But look at the current rise, it is al in speculation of the upcoming halving. I am sure of that.

The block halving is what so many people are waiting for. Expectations are very high that people have regarding the price after the block halving. I hope we don't end up being very disappointed by the price not going up as much as we have hoped.

[goinmerry]

Your predictions are absolutely right mate, 2016 is belonging to bitcoin, we could see by these days..

Fingers crossed man. I hope it gets really high and stays at a great price for its basic. 500 or higher will be better I am sure there will be a lot bitcoin user will be pulled through trading.

[bitbaycom]

The bear market has lasted long enough. I predict 2016 is the year where bitcoin finally breaks through, both in price and in mainstream adoption.

The fork issue is a distraction. It won't kill bitcoin. The majority will eventually choose what fork they want to use, whether it is the original, or XT, or some third option.

I see the fork issue as silly infighting which only hurts bitcoin. I want bitcoin to succeed, that's what I care about, not what version of BTC I use. I will go with the majority, whichever fork is chosen.

Well said and fully agree!

I'll be going with majority too.
As for the price and mainstream adoption - it's hard to say but fingers crossed.

[ShrykeZ]

Your predictions are absolutely right mate, 2016 is belonging to bitcoin, we could see by these days..

Fingers crossed man. I hope it gets really high and stays at a great price for its basic. 500 or higher will be better I am sure there will be a lot bitcoin user will be pulled through trading.

If the price goes up, great for everyone as this will more than likely see a large influx of new users among making the HODL'ers happy.

However even if the price does go down around the halving this will more than likely have a huge effect on the difficulty as I don't see major mines staying open for a prolonged period on a loss therefore the halving is going to be an exciting time no matter the outcome. I look forward to it.