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maudevang
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October 06, 2016, 02:58:04 PM |
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The halving should have been good but I think it never been so good like it would be back in the days.
Its bad for miners and for the normal people it was also not so good.
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mastica
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October 08, 2016, 05:12:46 PM |
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The halving should have been good but I think it never been so good like it would be back in the days.
Its bad for miners and for the normal people it was also not so good.
I dont see why isnt good for the miners, considering they are saving a big part of the coins they mine, and pay the bills with their fiat balance, they are the one which are making the best results at bitcoin, lets say they had 50 btc block at 250 dollars now they get 25bt block and those coins are worthing twice(50btc), soo i dont see where isnt good for them. |
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Kwiksave
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October 20, 2016, 07:01:43 AM |
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The halving should have been good but I think it never been so good like it would be back in the days.
Its bad for miners and for the normal people it was also not so good.
The halving should be good. But the long term value is determined by the mass adoption of the bitcoin. |
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aranachristianjay
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November 04, 2016, 11:09:32 AM |
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i think halving has both good and bad effects, good in the sense that it maintain the price not let it drop too much and band in the sense that it divide the reward miners, but over all halving is good for the price of bitcoin and not bad one.
For me upon seeing the effect of halving, there is no effect at all and I am going to be neutral with it. But still I know that this is going be a good to the ecosystem. But for the miners halving is going to be a bad for the reward per blocks are going to become more difficult for them. |
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deisik
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November 04, 2016, 01:34:20 PM |
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i think halving has both good and bad effects, good in the sense that it maintain the price not let it drop too much and band in the sense that it divide the reward miners, but over all halving is good for the price of bitcoin and not bad one.
For me upon seeing the effect of halving, there is no effect at all and I am going to be neutral with it. But still I know that this is going be a good to the ecosystem. But for the miners halving is going to be a bad for the reward per blocks are going to become more difficult for them. If we take into account that Bitcoin price surged more than 3 times right before the halving, miners should be happy too. Their revenue flow in dollars increased along with the price, even despite the fact that their reward had been halved in bitcoin terms... And if the price continues to gradually increase over time I see no reason why they should feel bad |
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mirakal
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November 04, 2016, 01:43:14 PM |
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i think halving has both good and bad effects, good in the sense that it maintain the price not let it drop too much and band in the sense that it divide the reward miners, but over all halving is good for the price of bitcoin and not bad one.
For me upon seeing the effect of halving, there is no effect at all and I am going to be neutral with it. But still I know that this is going be a good to the ecosystem. But for the miners halving is going to be a bad for the reward per blocks are going to become more difficult for them. It will only be bad if the price will not increase, but what I see after the halving this year we have a very good price and even before nearing the halving. The price should right for them to continue to operate profitably and so the traders will not be the only group that will be happy. |
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RastMan
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November 07, 2016, 11:27:36 AM |
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i think halving has both good and bad effects, good in the sense that it maintain the price not let it drop too much and band in the sense that it divide the reward miners, but over all halving is good for the price of bitcoin and not bad one.
For me upon seeing the effect of halving, there is no effect at all and I am going to be neutral with it. But still I know that this is going be a good to the ecosystem. But for the miners halving is going to be a bad for the reward per blocks are going to become more difficult for them. It will only be bad if the price will not increase, but what I see after the halving this year we have a very good price and even before nearing the halving. The price should right for them to continue to operate profitably and so the traders will not be the only group that will be happy. The price action so far this year is quite good. The price now is 50% more than the price early in the year. |
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goldcoinminer
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November 07, 2016, 02:08:07 PM |
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i think halving has both good and bad effects, good in the sense that it maintain the price not let it drop too much and band in the sense that it divide the reward miners, but over all halving is good for the price of bitcoin and not bad one.
For me upon seeing the effect of halving, there is no effect at all and I am going to be neutral with it. But still I know that this is going be a good to the ecosystem. But for the miners halving is going to be a bad for the reward per blocks are going to become more difficult for them. It will only be bad if the price will not increase, but what I see after the halving this year we have a very good price and even before nearing the halving. The price should right for them to continue to operate profitably and so the traders will not be the only group that will be happy. The price action so far this year is quite good. The price now is 50% more than the price early in the year. I think it's already more than 100%. What your reference with that 50%? please be specific with your comment... Anyway, as long as bitcoin is progressive that is something to be proud and happy, the result of pre-halving and post-halving is great. The hype is on and it attracted numbers of adopters and here we are now. |
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jaysabi
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November 08, 2016, 01:30:33 AM |
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Eventually Bitcoin will halve to the point where fees will have to increase dramatically to offset the lost income from new coin fees. I can't see that being a good thing for the currency or adoption. A major advantage now is transaction fees relative to alternative methods of value transfer. If the transaction fees become unwieldy, Bitcoin could collapse.
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simpler2016
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November 08, 2016, 10:06:06 AM |
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Eventually Bitcoin will halve to the point where fees will have to increase dramatically to offset the lost income from new coin fees. I can't see that being a good thing for the currency or adoption. A major advantage now is transaction fees relative to alternative methods of value transfer. If the transaction fees become unwieldy, Bitcoin could collapse.
It seems to me that this is a good process. This eliminates Bitcoin from devaluation and inflation. Yes, for the miners is bad. But do not forget that thanks to Bitcoin becomes more expensive |
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winspiral
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November 08, 2016, 11:00:28 AM |
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it is not good and not bad...
the halving effect is in the bitcoin price before and after halving.
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Doamader
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November 08, 2016, 01:41:13 PM |
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The halving is something that makes bitcoin get bigger value over time, the market does play this game, before and after, with that said, the halving is where the big investors does several money with the crypto world.
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Kwiksave
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November 14, 2016, 05:06:46 PM |
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The halving is something that makes bitcoin get bigger value over time, the market does play this game, before and after, with that said, the halving is where the big investors does several money with the crypto world.
The halving is good for the bitcoin as that makes the bitcoin to be scarce to have a limited number of coins. |
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error08
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November 14, 2016, 08:08:55 PM |
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For bitcoin users it's really good and i think if it's good for users it's might be good for bitcoin, price is going up, bitcoin increasing popularity, i think it's good.
The popularity of bitcoin is not from the price, the price doesnt really matter. People just keep saying this hoping that they could sell their btc in a high price however people should stop fooling themselves with this statement that the price will increase bitcoin's popularity and force mass adoption Yes, absolutely, but the more people are very optimistic that the price will appreciate after the halving, they will be holding their bitcoin and make the supply get affected, you can see price increase as a result of people holding their bitcoins. The law of supply and demand play then. Mr. Nakamoto has been created bitcoin halving for good purpose, Bitcoin halving are scheduled happen once every four years, supply of btc would be limited and demand still higher, This process makes bitcoin price keep rise and more stable. |
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deisik
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November 14, 2016, 08:11:24 PM |
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It seems to me that this is a good process. This eliminates Bitcoin from devaluation and inflation. Yes, for the miners is bad. But do not forget that thanks to Bitcoin becomes more expensive
If the block size gets increased after all (we are basically already there with the SegWit update), one block will accommodate more transactions, and if Bitcoin usage increases, which means that more transactions are made per unit of time, then miners fees will increase as well. Ultimately, with no more rewards for finding a new block, the miners profitability will directly depend on the scale of Bitcoin adoption. Right now, they profit mainly from the Bitcoin price and its increase, since they get the same 12.5 bitcoins essentially "out of thin air" every time a new block is found. When the rewards are gone, the Bitcoin price itself will not matter as much as it matters now... The number of transactions per block will then become the decisive factor for the profitability of mining, along with the price |
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Leonardis
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November 15, 2016, 12:11:58 AM |
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Lets hope it will be good for the bitcoin because it has a good future and I think that such an halving can be very profitable for us all.
Its just that we need more patience and that the halving is right now still far away.
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batang_bitcoin
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November 15, 2016, 12:17:28 AM |
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Lets hope it will be good for the bitcoin because it has a good future and I think that such an halving can be very profitable for us all.
Its just that we need more patience and that the halving is right now still far away.
It did good and besides the halving is done already so the next halving will be on the year of 2020. And if you will going to conclude on the effect of bitcoin halving this last June of the year. The price of bitcoin did really good so it is a good thing about bitcoin. This may be bad to the miners but overall users halving is good. |
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goldenchip
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November 15, 2016, 12:28:04 AM |
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How can this be bad. In the end, there are fewer coins entering the market, so fewer dumps. The miners usually manage to adapt... If they fail to reduce mining costs, this will create an incentive for them to sell Bitcoin at a higher price.
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RastMan
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November 21, 2016, 01:52:55 PM |
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How can this be bad. In the end, there are fewer coins entering the market, so fewer dumps. The miners usually manage to adapt... If they fail to reduce mining costs, this will create an incentive for them to sell Bitcoin at a higher price.
That is right. That means limited number of coins. That will put less inflation pressure on the coin and the price will be higher. |
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deisik
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November 21, 2016, 07:16:30 PM
Last edit: November 21, 2016, 07:30:17 PM by deisik |
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How can this be bad. In the end, there are fewer coins entering the market, so fewer dumps. The miners usually manage to adapt... If they fail to reduce mining costs, this will create an incentive for them to sell Bitcoin at a higher price.
This incentive is always there Just because miners are mining for profits, aren't they? But this doesn't in the least mean that they can dictate the price to rise higher whenever they want. They could indeed withhold some bitcoins to artificially decrease the supply of new coins to the market hoping that this will cause the price to rise, but that's pretty much all that they can do. And they will still have to sell the retained bitcoins sooner or later if they want to remain profitable. There is no particular reason to keep them for long |
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