lumeire
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March 26, 2016, 03:15:09 AM |
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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...
yes halving means that miners will get 50% less money so price will have to go up or they'll have to stop mining but i think that it is good for bitcoin, because price will grow for sure, also more people will buy bitcoin so halving is really good for bitcoin less money? you mean less coins. these 2 things are very different. if the price doubles from the current price level after the halving, then they get the same amount of money/fiat as they do right now. in that aspect nothing will change. if the price doesn't go up after the halving, then they indeed get less fiat in return for a found block. even if some miners decide to stop. the difficulty will go down which will attract other miners to put their hardware to work. Absolutly no reason that after a halving the price of bitcoin doubles... Price is mostly dictated by demand. When in july reward gets halved and demand will stay the same, what is very likely, guess what will happen with the price? Theoretically it has to increase right?! The thing is we don't know if it's already priced in in because halving is a known and predictable event. Will be very interesting to see what will happen.Especially the first 3-4 months after the halving.Last time we saw a delay in price increase as well. You are righ...but if the demand does not increase...and stay same than now...the btc price will decrease after the halving because even after the halving the nb of coins increases even if it increases less than now. I'm used about this theory because all my systems turn arround this principle... The theory of "demand" is a bit skewed in the sense of 1 person can be the demand. Your point is if more users will fill that demand. But we seen groups like knc miner or 1 big entity taken up as the "demand" which splurges the price. Well in the end the halving would be like Schrodinger's cat. We wouldn't know anything until it happens. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Dux2K
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March 26, 2016, 03:03:40 PM |
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In general should be good but this time i dont know for sure i just hope that price wont go down
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Pab
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March 26, 2016, 03:09:57 PM |
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We will see it may cause some problems becouse of that pseudo developers thay are worse btc obstacle
Propably trasaction fee will rise
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Mr. Big
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March 27, 2016, 05:46:17 AM |
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We will see it may cause some problems becouse of that pseudo developers thay are worse btc obstacle
Propably trasaction fee will rise
Yeah, probably that would bring problem to some..Increase in transaction fee I think will still be nice, and I think that increase would prevent us from forwarding small amount of coins.It means fewer transactions and could probably be faster.. |
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Rubberduckie
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March 27, 2016, 06:37:57 AM |
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well I understand that bitcoin doesnt "have to" double when it halves but
In order for it to make sense to keep mining the mining companies will have to
get real cheap and real fast or bitcoin will have to almost double in order for it
to make sense to keep mining.
If bitcoin doesnt go up substantially after the halving we could definitely be in
trouble and see alot of units / farms shutting down.
If in any business you cut your net income in half your going to be in trouble unless
you cut labor or get products cheaper.
Roi is riding a fine line as it is with most units that come out it is a very marginal roi.
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KennyR
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March 27, 2016, 01:36:10 PM |
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Halving is expected to be good as the past bitcoin halving has given good profit. No matter how many of them believe how halving matters.
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cazkooo
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March 28, 2016, 06:29:16 AM |
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If bitcoin doesnt go up substantially after the halving we could definitely be in
trouble and see alot of units / farms shutting down.
You forgot that whenever some miners are shutting down their farm, the difficulty will decrease therefore those who stiill mine it will always be profitable so there is no way that all miners will be shutting down. The second things that you forgot is that the halving actually had nothing to do with the price, it is alll just theory of economics laws that it will be higher |
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target
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March 28, 2016, 06:56:10 AM |
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If bitcoin doesnt go up substantially after the halving we could definitely be in
trouble and see alot of units / farms shutting down.
You forgot that whenever some miners are shutting down their farm, the difficulty will decrease therefore those who stiill mine it will always be profitable so there is no way that all miners will be shutting down. The second things that you forgot is that the halving actually had nothing to do with the price, it is alll just theory of economics laws that it will be higher I don't see it that way though. Halving i think is intended to make the price of coins to go up especially if the demand is high. This isn't just economics theory, its proven to work even for the fiat. currencies work this way ever since. |
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DeDordtenaar
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March 28, 2016, 07:50:46 AM |
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We will see it may cause some problems becouse of that pseudo developers thay are worse btc obstacle
Propably trasaction fee will rise
transfer fee increased although only about 0.0002 btc but will be many people who will counter with this. I think it is not problem origin can accelerate time confirmation |
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jkrules
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March 28, 2016, 07:55:14 AM |
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Halving is expected to be good as the past bitcoin halving has given good profit. No matter how many of them believe how halving matters.
The halving is an inherent feature of the Bitcoin protocol, and no one really knows what will happen after. The theory says that as the currency reduces its emission flow, the feeling of scarcity will become more evident, and prices will tend to rise. |
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vero
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March 28, 2016, 09:31:07 AM |
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well I understand that bitcoin doesnt "have to" double when it halves but
In order for it to make sense to keep mining the mining companies will have to
get real cheap and real fast or bitcoin will have to almost double in order for it
to make sense to keep mining.
If bitcoin doesnt go up substantially after the halving we could definitely be in
trouble and see alot of units / farms shutting down.
If in any business you cut your net income in half your going to be in trouble unless
you cut labor or get products cheaper.
Roi is riding a fine line as it is with most units that come out it is a very marginal roi.
perhaps bitcoin value will up maybe not much if all miners shutting down is same like bitcoin dead in my opinion. |
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Zuminest
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March 28, 2016, 09:57:04 AM |
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the reward for mining bitcoin is expected top see the second halving in its history later this year, potentially in june or july... definitely halving is going to be good for bitcoin..
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1Referee
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March 28, 2016, 10:15:03 AM |
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the reward for mining bitcoin is expected top see the second halving in its history later this year, potentially in june or july... definitely halving is going to be good for bitcoin..
Saying that the block halving will be good for Bitcoin is easy and everyone can say that. I would like to hear WHY you think it is good for Bitcoin, beside the price that may or may not go up.  |
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KennyR
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March 28, 2016, 12:14:46 PM |
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the reward for mining bitcoin is expected top see the second halving in its history later this year, potentially in june or july... definitely halving is going to be good for bitcoin..
Saying that the block halving will be good for Bitcoin is easy and everyone can say that. I would like to hear WHY you think it is good for Bitcoin, beside the price that may or may not go up. The reason is during the past, on halving bitcoin has given a high price increase. So this time people expecting the same not thinking about a decrease in bitcoin price. |
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winspiral
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March 28, 2016, 12:44:25 PM |
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the reward for mining bitcoin is expected top see the second halving in its history later this year, potentially in june or july... definitely halving is going to be good for bitcoin..
Saying that the block halving will be good for Bitcoin is easy and everyone can say that. I would like to hear WHY you think it is good for Bitcoin, beside the price that may or may not go up. The reason is during the past, on halving bitcoin has given a high price increase. So this time people expecting the same not thinking about a decrease in bitcoin price. do not forget an important thing: 4 years ago the halving was 50 to 25 now it is 25 to 12.5 and since last halving every 10 minutes 25 bitcoins have been generated... Think about... I keep up saying that the next halving is not so much affecting the btc price... and the over next in 4 years till less... |
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silentkiller
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March 28, 2016, 01:13:28 PM |
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for some, halving will be definitely good for those who are collecting and storing bitcoins.
and for some , they say that halving bitcoin is the start of crashing down of btc.
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KoinKartel
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March 28, 2016, 01:29:50 PM |
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The Halving is a GREAT reason for those in control to either pump the price up, or to send the price downward by cashing out their holdings. Whichever way they decide to go, "the great halving" will be used as the excuse or reason. Either way, everything that happens on this earth is based on physics. What goes down can only go back up, and vice-versa. So if you're a long-term player, you'll do well regardless |
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BitcoinPaw
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March 28, 2016, 05:49:53 PM |
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The Halving is a GREAT reason for those in control to either pump the price up, or to send the price downward by cashing out their holdings. Whichever way they decide to go, "the great halving" will be used as the excuse or reason. Either way, everything that happens on this earth is based on physics. What goes down can only go back up, and vice-versa. So if you're a long-term player, you'll do well regardless I am not long - term. And how physics can be used for bitcoin? It's so different things to compare, at my opinion halving is bad for bitcoin cause it moving bitcoin to the end. |
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BTCBinary
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March 28, 2016, 11:06:28 PM |
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I guess that The Halving can be a good thing for bitcoin. As the supply of coins becomes less the demand will continue to rise giving place to an increase in price. And this in turn will be an attractive for more people to start getting into bitcoin.
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uname
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March 28, 2016, 11:50:20 PM |
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for some, halving will be definitely good for those who are collecting and storing bitcoins.
and for some , they say that halving bitcoin is the start of crashing down of btc.
halving not necessarily be good for someone who have store a lot of bitcoin? halving might make bitcoin crashes. is it possible bitcoin price going down right ? |
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