The Halving - Good or Bad for Bitcoin?

[CoinSkipper]

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...

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[gentlemand]

My own particular jury is out. There's a lot more on the line this time around and a lot more divisions and vested interests. It may give it the nudge over the precipice it needs, or add more pressure when there's already plenty to go around.

[7788bitcoin]

Reward halving is part of bitcoin protocol, which was designed to help maintaining a balance. If it is bad, then bitcoin is bad...

[smiletyson]

It's very good actually. You should check the Controlled supply artivle on bitcoin wiki: https://en.bitcoin.it/wiki/Controlled_supply
There's no FED to decide to print new banknotes to control over the money. This is freedom.

[Mickeyb]

It will be very good in my opinion if price raises at least a bit. If price would come back and stay at the $220 level, comes the halving there would be very interesting things happening in mining, hashrate, difficulty, etc.

But as we can see price creeping up and almost getting to $285 at the moment, halving seems great for Bitcoin since I think this run might be easily connected with the upcoming halving. We'll see!

[zodiac3011]

In my opinion, the halving actually has good effect to the bitcoin market and many other aspect because it controls the amount of bitcoins mined everyday so bitcoin becomes rarer which will pump the price up as there will be more demand for it, attract miners to point hashes to it since the price is high. I think there's really nothing to worry about the halving at all

[dothebeats]

Reward halving is part of bitcoin protocol, which was designed to help maintaining a balance. If it is bad, then bitcoin is bad...

I agree on this one. Deflation is better than inflation in a lot of ways. The halving would certainly be good for all if demand increase.

[Ibian]

It's an inherent part of the protocol. It doesn't matter what anyone thinks about it.

[n2004al]

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...

The halving doesn't mean stop of mining. Mean only halving of the new amounts of bitcoin added in the market. So the mining will continue with more or few miners. The new 12.5 bitcoin will be in the market every about 10 minutes. There have not any importance the number of miners which participate in this process. I don't understand why the fees must go high with less miners (but I'm not an expert in this field and maybe have wrong). Less miners will earn their part in the production of new bitcoins. Less miners mean maybe more earnings than before halving seen that are less miners than before. That's all.

As for the demand, this have nothing to do with the miners. They are not at all part of the demand. They don't buy bitcoins. Because earn it through the mining. The maximum of their activity in the report supply/demand is the sell of their bitcoins earned. So, on the contrary, are part of supply. The demand is who buy. And for sure are not the miners why buy bitcoin. I don't see any reason why the number of why buy will be reduced. Maybe increased make sense but decreased .... Why?

[RealBitcoin]

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...

No offense but this is a stupid question.

Of course it will be good for bitcoin. Who cares about the miners, if the rate if inflation halves, then it implies that the new bitcoin mined is equal the previously mined old blocks, so it could trigger a price doubling.

And then the miners would earn exactly the same, and investors would have doubled their bags of BTC.

[crazyivan]

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...

It s obviously good if you have been able to hoard enough before it halves. It s the same with any other industry, pioneers always make money.

[Amph]

it's like saying that sha256 is bad for bitcoin, it's obviously good for bitcoin, it force an increase in demand in some way, even if it's not directly

[OmegaStarScream]

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...

If we are speaking about the price then logically it should be good since if the supply decrease and demand stays the same (it will also rise logically because people know about the halving , so they will buy before it) or rise then the price should rise as well .
however there should be couple of scenarios , first one is that the price increase and we are all happy , second is that the price increase but not too much , everyone is happy but the miners are not which could lead the miners to leave BTC and stop mining and that could be an issue . At least this is how I see it so let me know if I'm missing something .

[designerusa]

I think it is good for bitcoin overall. It cries for price increase.
Whenenever you talk with someone about Bitcoin, they keep saying it was boomed and exploded so it does not have chance to stay valid currency.
Stable price increase will change people's ideas.

[NorrisK]

I think it is a positive thing for bitcoin.

It drives new mining technologies as well to remain competitive regarding energy usage. Essentially making miners more efficient which is essential for the future of bitcoin.

[Ibian]

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...

If we are speaking about the price then logically it should be good since if the supply decrease and demand stays the same (it will also rise logically because people know about the halving , so they will buy before it) or rise then the price should rise as well .
however there should be couple of scenarios , first one is that the price increase and we are all happy , second is that the price increase but not too much , everyone is happy but the miners are not which could lead the miners to leave BTC and stop mining and that could be an issue . At least this is how I see it so let me know if I'm missing something .

You are missing how mining works. I suggest reading up on it.

[bryant.coleman]

I am not sure whether it is positive or negative for the adoption of Bitcoin. But as far as the exchange rates are concerned, it is definitely a positive thing. It is a simple rule that as the supply declines, the value of a certain commodity will increase (provided that the demand remains constant). Anyway... just around 9 months for the next block reward halving.

[apriyani420]

i believe it is a good thing for bitcoin and its whole community as most probably the price will rise then and more people will get interested in bitcoins

[smith coins]

I think that it is good for the bitcoin currency.
Because the supply of this coin will be deducted every time by 50%
And what it is good for early investors is the price will i think will be increased.

[Laketear]

It is good for bitcoin. The cost of supporting the newly issued bitcoin will be halved. So the pressure on market is lower.