The Halving - Good or Bad for Bitcoin?

[mastica]

Big miners does have millions, if they wanna to remove the total coins into circulation, they can, but the market will always be the last sentence, if the community doesnt support the pump the price will fall, even when we know all are expecting a bigger value.
The halving makes a huge pression for the miners, that does mine for profit, without halving i do believe we would be trading bitcoin at 200-300 dollars since wouldnt have the pression the halving makes into bitcoin.

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[Weatherby]

Big miners does have millions, if they wanna to remove the total coins into circulation, they can, but the market will always be the last sentence, if the community doesnt support the pump the price will fall, even when we know all are expecting a bigger value.
The halving makes a huge pression for the miners, that does mine for profit, without halving i do believe we would be trading bitcoin at 200-300 dollars since wouldnt have the pression the halving makes into bitcoin.

Halving is not the only reason that the price of bitcoin is above three hundred dollars there are several factors and one thing i can accept is that the miners do play a big role in maintaining the price but that does not mean that halving is the reason for these kind of value,people are investing heavily into bitcoin and that is the main reason for the price to be above seven hundred dollars at the moment

[Yakamoto]

Big miners does have millions, if they wanna to remove the total coins into circulation, they can, but the market will always be the last sentence, if the community doesnt support the pump the price will fall, even when we know all are expecting a bigger value.
The halving makes a huge pression for the miners, that does mine for profit, without halving i do believe we would be trading bitcoin at 200-300 dollars since wouldnt have the pression the halving makes into bitcoin.

That's not really how it works...

Miners don't have the millions, most of the time it is the whales that the miners either sell to cheap with a guaranteed sale, or they would be competing against the rest of the market and miners to make the sale and walk away with a fistful of cash.

The halving encourages the value to go up, and as such, most of the time it does, but there is no guarantee. All we know is that the bottom line for miners is now somewhere around $400-$600, based on data from 2015.

[outatime1]

The halving makes the supply drop, so the price should rise like we saw before and then after the last halving. I think overall this is probably good for bitcoin to see an increasein demand as long as there are people willing to buy bitcoin at the higher prices.

[freedomgo]

The halving makes the supply drop, so the price should rise like we saw before and then after the last halving. I think overall this is probably good for bitcoin to see an increasein demand as long as there are people willing to buy bitcoin at the higher prices.

I guess it does not, it's just the same supply but more on the mining difficulty increases.

[Yuuto]

The halving makes the supply drop, so the price should rise like we saw before and then after the last halving. I think overall this is probably good for bitcoin to see an increasein demand as long as there are people willing to buy bitcoin at the higher prices.

Supply actually doesn't drop in the case of a halving - however the production does drop. The supply continues to inflate, but in a less quickly manner. I guess this is one of the biggest misconceptions in bitcoin, that bitcoin is a deflationary currency and halving reduces the supply of bitcoins.

I think it depends. If bitcoin price is low it could potentially boost the attention and price for bitcoin since the miners are getting less and aren't selling till they get what they deserve to be paid.

[delliaerd]

The halving makes the supply drop, so the price should rise like we saw before and then after the last halving. I think overall this is probably good for bitcoin to see an increasein demand as long as there are people willing to buy bitcoin at the higher prices.

Supply actually doesn't drop in the case of a halving - however the production does drop. The supply continues to inflate, but in a less quickly manner. I guess this is one of the biggest misconceptions in bitcoin, that bitcoin is a deflationary currency and halving reduces the supply of bitcoins.

I think it depends. If bitcoin price is low it could potentially boost the attention and price for bitcoin since the miners are getting less and aren't selling till they get what they deserve to be paid.

I am sorry friends, but I disagree with your statement. I think bitcoin price is depend on demand and neceseries. Just imagine that if bitcoin is commodity like gold or silver. If amount of bitcoin is few, people who buy in highest price can own more bitcoin. Halving is the reason why bitcoin get deflation and the rise of price beside demand and neceseries.  If the demand and neceseries is decrease,  bitcoin price will decrease too.

[Techie5879]

Well, its part of the protocol, so obviously Satoshi thought that its good, and that ought to be enough for many bitcoiners I think. Also, this halving helps to increase the value of bitcoin steadily, so that bitcoin wont collapse before its time. Halving is bad for miners however, as it ensures that they get lesser profits, but I'm not a miner, and mining profits wont affect me anyhow, so well, I cant think of bitcoin halving as a bad thing personally. Its good enough for me as it ensures a greater stability and increase of bitcoin value.

[Yutikas_11920]

Well, its part of the protocol, so obviously Satoshi thought that its good, and that ought to be enough for many bitcoiners I think. Also, this halving helps to increase the value of bitcoin steadily, so that bitcoin wont collapse before its time. Halving is bad for miners however, as it ensures that they get lesser profits, but I'm not a miner, and mining profits wont affect me anyhow, so well, I cant think of bitcoin halving as a bad thing personally. Its good enough for me as it ensures a greater stability and increase of bitcoin value.

Are you true to deliver profits..?? . Because it gives an advantage to halving indeed, but it could provide potential anjloknya price bitcoin where there is a possibility that all of the people start to saturate because must wait for all that halving bitcoin sell it. Because it is basically right now it's the amount of the scarce and not bitcoin makes rare are those who do the halving. It is true through halving the price of bitcoin ride, but it is not good news if it has emerged that could rival the crypto all the users using the crypto switch bitcoin

[crypto1010]

I remember bitcoins trading below the 400 dollar mark just last year and today the price as almost doubled thanks to the halving so I guess its a good crypto move

[X-ray]

I remember bitcoins trading below the 400 dollar mark just last year and today the price as almost doubled thanks to the halving so I guess its a good crypto move

There's many factors and not only halving. as i know that the price were affected by halving happened even before the halving occur and at that time the price was increasing rapidly whilst when halving just occur the price stay at the same rate. i think that what makes bitcoin price about to reach $800 is because some factor but not halving

[mundang]

The effect of bitcoin is good for us bitcoin holders,were feeling it right now. And after 4 years where there is another halving ,it could double the current bitcoin price today.

[deisik]

I remember bitcoins trading below the 400 dollar mark just last year and today the price as almost doubled thanks to the halving so I guess its a good crypto move

There's many factors and not only halving. as i know that the price were affected by halving happened even before the halving occur and at that time the price was increasing rapidly whilst when halving just occur the price stay at the same rate. i think that what makes bitcoin price about to reach $800 is because some factor but not halving

I'm inclined to think that we now see the effects of the halving in full

While the halving itself happened on a particular day, it doesn't mean that the reward was halved only for that day alone, which is what you seem to be thinking or assuming. On the next day the reward remained halved too and for the rest of the cycle it will remain that till the next halving. The effect of the halving didn't show up at once, but it took some time to manifest itself, and the prices that we see today may well be that manifestation. Let's also not forget about the hype which preceded the actual event and caused the prices to surge

[SvenBomvolen]

The effect of bitcoin is good for us bitcoin holders,were feeling it right now. And after 4 years where there is another halving ,it could double the current bitcoin price today.

   For bitcoin holders halving is great, cutting rewards and decreasing supply should affect on price. I think this kind of controlled supply is much better then how traditional currencies are made. I'm trying to understand better how it works and seems like all other altcoins works on similar way.

[Doamader]

Lets remove the halving today, bitcoin would be worthing 800 dollars, maybe 300-400 dollars, this were the value of bitcoin last year, and there is nothing to make bitcoin be at the current value, besides the halving, that reduced the reward  of blocks to half, you may research as you wanna that this year, bitcoin had more bad news, like the hackers sucessfull then good news to bitcoin.

[susila_bai]

The effect of bitcoin is good for us bitcoin holders,were feeling it right now. And after 4 years where there is another halving ,it could double the current bitcoin price today.

   For bitcoin holders halving is great, cutting rewards and decreasing supply should affect on price. I think this kind of controlled supply is much better then how traditional currencies are made. I'm trying to understand better how it works and seems like all other altcoins works on similar way.

It is true that halving is good for bitcoin users as it will make control on miners earning, but now most of the altcoins are not working on bitcoin as they have their own path and it is controlled by the developer but bitcoin is free and any one can mine and use it.

[Etaurith]

The effect of bitcoin is good for us bitcoin holders,were feeling it right now. And after 4 years where there is another halving ,it could double the current bitcoin price today.

   For bitcoin holders halving is great, cutting rewards and decreasing supply should affect on price. I think this kind of controlled supply is much better then how traditional currencies are made. I'm trying to understand better how it works and seems like all other altcoins works on similar way.

It is true that halving is good for bitcoin users as it will make control on miners earning, but now most of the altcoins are not working on bitcoin as they have their own path and it is controlled by the developer but bitcoin is free and any one can mine and use it.

Normally I would say its good but  I think that from no on it will not be good anymore, I also did not see a lot of changes in the last halving to be honest.

[millgates]

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 think halving is good for bitcoin becouse it is make deflation that pump bitcoin price.

[RastMan]

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 think halving is good for bitcoin becouse it is make deflation that pump bitcoin price.

Less new money is required to support the price.

[Doamader]

If we didnt have halving at bitcoin i believe the real price of bitcoin nowadays would be around 50-200 dollars always fluctuating between those values, and we would had already mined all the bitcoins, soo we would be swicthing to other way to keep the miners active, something now is the block rewards, and in the future fees should replace the block reward.