The Halving - Good or Bad for Bitcoin?

[culuuton]

In a few years, when BitCoin halves a number of times, and the rewards for mining are so low, well people still be mining?
I hope by that point, BitCoin will be more valuable, so even though the reward it low, profits could be high.

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[deisik]

In a few years, when BitCoin halves a number of times, and the rewards for mining are so low, well people still be mining?
I hope by that point, BitCoin will be more valuable, so even though the reward it low, profits could be high.

Miners are expected to earn by collecting fees

[Ayers]

In a few years, when BitCoin halves a number of times, and the rewards for mining are so low, well people still be mining?
I hope by that point, BitCoin will be more valuable, so even though the reward it low, profits could be high.

this is good, les bitcoin mined mean that the fee will have greater value, and this mean that bitcoin will have much greater price, so the halving is very good it force the price increase imho

[talkbitcoin]

halving is all good for bitcoin. you may think miners will not like it but it is good for bitcoin itself , it is preventing max number of bitcoin from always growing endlessly.

In a few years, when BitCoin halves a number of times, and the rewards for mining are so low, well people still be mining?
I hope by that point, BitCoin will be more valuable, so even though the reward it low, profits could be high.

bitcoin is growing so the price will rise with that and miners if someday because of many halving can not profit the fees will change based on the price.

[TemplarKnightUK]

In a few years, when BitCoin halves a number of times, and the rewards for mining are so low, well people still be mining?
I hope by that point, BitCoin will be more valuable, so even though the reward it low, profits could be high.

this is good, les bitcoin mined mean that the fee will have greater value, and this mean that bitcoin will have much greater price, so the halving is very good it force the price increase imho

The fee will only have greater value in a fiat sense; that is, miners will require more to mine. The value of tx fees, denominated in BTC, will increase if the exchange rate is held constant. This does not force the exchange rate in any direction; it only makes it more expensive to move bitcoins, and so people may do less of it.

If this is the case, miners' revenue will diminish further, pushing those who are closest to the edge of profitability out of business. This decreases hashpower, and increases the probability of a 51% attack if miners do not redistribute themselves among different pools to circumvent it. Naturally, though, the decrease in hashpower increases profitabilty. I think the sensible thing to expect is a *decrease* in hashpower and difficulty after the halving; if this is not enough to hamper the security of the network (which I think it won't be), then the diminished supply coming from miners will transpire over time to price increases (though the greatest correlate of bitcoin price is transaction volume, which may well increase with the publicity that will attend the halving)

[randy8777]

I think bitcoin halving will be good especially to those shareholders or bitcoin traders because it's one of the best chance to sell their coins for a higher price.

n a lot of expert prediction after halving bitcoin price will be rise and even sky rocket, so i believe halving is going to give more profit to user, but every action will have effect the miners will have difficulty to gain more profit.

But their are some instance that halving have threat for bitcoins price because if price is more higher and reach to 1k$ it is prone to be dump and  big crash will happen like just what happen on 2013 bitcoin reaches for 1k$ by that time and it was followed by massive dump to 200$ and maybe it can be bad happen after halving but really hoping that this will not happen.

Yeah, there could be a very large dump after the halving, however whether that happens or not will remain a mystery to us until the halving actually happens. All we know right now is that the price is rising.

I think that halving is good for bitcoin, since it's giving bitcoin the push that it needed.

If they will see the price decreasing then that would really happen, they will dump their bitcoins as they already have profited with the price they purchased, but the question is, is it only because of the halving hype that the price increase or it is because of the demand of the new players in bitcoin world.

at this point the hype about the block halving is what driving the price and thus the demand. the bad side of this is that as soon as the block halving is over, the demand might fall down really hard. that's why i expect the price to go down significantly after the block halving. after that, the price must go up on its own. the lower block rewards will help in getting the supply and demand levels closer to each other.

[TemplarKnightUK]

I think bitcoin halving will be good especially to those shareholders or bitcoin traders because it's one of the best chance to sell their coins for a higher price.

n a lot of expert prediction after halving bitcoin price will be rise and even sky rocket, so i believe halving is going to give more profit to user, but every action will have effect the miners will have difficulty to gain more profit.

But their are some instance that halving have threat for bitcoins price because if price is more higher and reach to 1k$ it is prone to be dump and  big crash will happen like just what happen on 2013 bitcoin reaches for 1k$ by that time and it was followed by massive dump to 200$ and maybe it can be bad happen after halving but really hoping that this will not happen.

Yeah, there could be a very large dump after the halving, however whether that happens or not will remain a mystery to us until the halving actually happens. All we know right now is that the price is rising.

I think that halving is good for bitcoin, since it's giving bitcoin the push that it needed.

If they will see the price decreasing then that would really happen, they will dump their bitcoins as they already have profited with the price they purchased, but the question is, is it only because of the halving hype that the price increase or it is because of the demand of the new players in bitcoin world.

at this point the hype about the block halving is what driving the price and thus the demand. the bad side of this is that as soon as the block halving is over, the demand might fall down really hard. that's why i expect the price to go down significantly after the block halving. after that, the price must go up on its own. the lower block rewards will help in getting the supply and demand levels closer to each other.

Is it really what's "driving the price"? Can any one factor determine the price of an asset? BTC exchange rate has been rising for several months, as have a number of useful indicators, such as "My Wallet" users at Blockchain.info, transactions excluding popular addresses, etc. Bitcoin is being adopted; this is what is driving the price.

[Jmild1]

I think bitcoin halving will be good especially to those shareholders or bitcoin traders because it's one of the best chance to sell their coins for a higher price.

n a lot of expert prediction after halving bitcoin price will be rise and even sky rocket, so i believe halving is going to give more profit to user, but every action will have effect the miners will have difficulty to gain more profit.

But their are some instance that halving have threat for bitcoins price because if price is more higher and reach to 1k$ it is prone to be dump and  big crash will happen like just what happen on 2013 bitcoin reaches for 1k$ by that time and it was followed by massive dump to 200$ and maybe it can be bad happen after halving but really hoping that this will not happen.

thats what bubble mean, and thats happening already because of the hype in halving event some people use to do a panic buy and drop coins when it hits an amount that is reasonable already for them. Hoping to profit with it, this will surely dump the coin. But expect it, many people's perspective is to sell a coin after the event.

[thermost]

It's how bitcoin is made, so it's good. Reward will be lower, that means higher price because ther will be more demand for btc.
Satoshi is a great mind, his algorithm is perfect, except few bugs, like double spending, else is perfect.

[shane]

I think the bitcoin will be very good but of course this can not be predicted, we just need to see if it will be profitable.
There is a big chance that it will but we will see!

The halving will be very good if we have to believe the speculators these days, also the fact that the number of users is increasing makes it for me clear that the bitcoin is gonna rise for rise.

if the effect halving for prices are good, it could make the increase. but I think for the miners probably was not so good, because it would reduce the supply distribution Bitcoin

Well the halving is just the way how the reward for miners is going down and for miners to make profit the price should go up. I am not sure if this is good or bad, since it's just the way the system is working. The moment we are now full of anticipation of the price going up is good for us though.

yes it should be if prices rise very high is good for all users, but as I said, for miners I do not know whether if prices are rising so high it was better than they get a reduction in mining results

[oHnK]

It's how bitcoin is made, so it's good. Reward will be lower, that means higher price because ther will be more demand for btc.
Satoshi is a great mind, his algorithm is perfect, except few bugs, like double spending, else is perfect.

IF there is more demand to it , otherwise it will stay the same as ever however given that bitcoin is currently hyped alot then probably it will increase by atleast 20 % or could be more than that. Anyway, double spending is not a bug cmiiw

[BitcoinPC]

Definitely, halving is a good even for bitcoins, halving is a stronger part of the bitcoins, a lot of people are buying the bitcoins in this time, because of halving, and the price of the bitcoins are increasing in everyday that are also for halving, most of the big investors and merchants are buying the bitcoins and save it now, because they want to get profit from the bitcoin in a halving day. So that all are showing that HALVING has a main part of bitcoins.       

[randy8777]

I think bitcoin halving will be good especially to those shareholders or bitcoin traders because it's one of the best chance to sell their coins for a higher price.

n a lot of expert prediction after halving bitcoin price will be rise and even sky rocket, so i believe halving is going to give more profit to user, but every action will have effect the miners will have difficulty to gain more profit.

But their are some instance that halving have threat for bitcoins price because if price is more higher and reach to 1k$ it is prone to be dump and  big crash will happen like just what happen on 2013 bitcoin reaches for 1k$ by that time and it was followed by massive dump to 200$ and maybe it can be bad happen after halving but really hoping that this will not happen.

Yeah, there could be a very large dump after the halving, however whether that happens or not will remain a mystery to us until the halving actually happens. All we know right now is that the price is rising.

I think that halving is good for bitcoin, since it's giving bitcoin the push that it needed.

If they will see the price decreasing then that would really happen, they will dump their bitcoins as they already have profited with the price they purchased, but the question is, is it only because of the halving hype that the price increase or it is because of the demand of the new players in bitcoin world.

at this point the hype about the block halving is what driving the price and thus the demand. the bad side of this is that as soon as the block halving is over, the demand might fall down really hard. that's why i expect the price to go down significantly after the block halving. after that, the price must go up on its own. the lower block rewards will help in getting the supply and demand levels closer to each other.

Is it really what's "driving the price"? Can any one factor determine the price of an asset? BTC exchange rate has been rising for several months, as have a number of useful indicators, such as "My Wallet" users at Blockchain.info, transactions excluding popular addresses, etc. Bitcoin is being adopted; this is what is driving the price.

i am talking about the halving influence on the price which has been going on for longer than just the growth of last months, and not the growth of bitcoin in general. just look at what will happen once the block halving is done. the price will crash dramatically.

[Nouelle-Hunter]

Of course bitcoin halving will have a good effect on bitcoin itself and its price.Because cutting the supply and being on demands bitcoins price will rise up to its peak.But many miners looks at halvinf a bad thing because during halving it will affect the profit on mining

[goldcoinminer]

Of course bitcoin halving will have a good effect on bitcoin itself and its price.Because cutting the supply and being on demands bitcoins price will rise up to its peak.But many miners looks at halvinf a bad thing because during halving it will affect the profit on mining

Exactly, it is the chance where investors can earn a sure money if they will invest before the halving. Because of the halving fever the price of bitcoins now is increasing substantially and what we will witness is in the next few days nearing the halving it will continue to rise, this time is not a good time to spend your bitcoins, rather save it and keep it at your wallet.

[Collegestudent]

It has both consequences, but longer term halvening is good for the price of BTC if the hashrate does not increase. But ultimately it will end up being the same except higher price.

[Dwelach]

I think bitcoin halving will be good especially to those shareholders or bitcoin traders because it's one of the best chance to sell their coins for a higher price.

n a lot of expert prediction after halving bitcoin price will be rise and even sky rocket, so i believe halving is going to give more profit to user, but every action will have effect the miners will have difficulty to gain more profit.

But their are some instance that halving have threat for bitcoins price because if price is more higher and reach to 1k$ it is prone to be dump and  big crash will happen like just what happen on 2013 bitcoin reaches for 1k$ by that time and it was followed by massive dump to 200$ and maybe it can be bad happen after halving but really hoping that this will not happen.

Everyone is hoping that the value of Bitcoin will rise in the halving and that is because they already waited for a higher value because it was also a long time stable.
But the bad thing of Bitcoin is that you cant predict what is going to happen with the value and that is the risky thing also.

[Betwrong]

Of course bitcoin halving will have a good effect on bitcoin itself and its price.Because cutting the supply and being on demands bitcoins price will rise up to its peak.But many miners looks at halvinf a bad thing because during halving it will affect the profit on mining

They have a point, the miners, but let's hope the price rising will cover all the losses connecting with the rising of difficulty. Actually I think it will be more than covered.

[OrangeII]

Of course bitcoin halving will have a good effect on bitcoin itself and its price.Because cutting the supply and being on demands bitcoins price will rise up to its peak.But many miners looks at halvinf a bad thing because during halving it will affect the profit on mining

They have a point, the miners, but let's hope the price rising will cover all the losses connecting with the rising of difficulty. Actually I think it will be more than covered.

I am pretty sure that halving bring advantages for users bitcoin, because bitcoin prices will rise, but on the other hand will probably be some obstacles to get bitcoin, and bitcoin might seek to become more difficult

[bitcoin-hunter]

Of course bitcoin halving will have a good effect on bitcoin itself and its price.Because cutting the supply and being on demands bitcoins price will rise up to its peak.But many miners looks at halvinf a bad thing because during halving it will affect the profit on mining

They have a point, the miners, but let's hope the price rising will cover all the losses connecting with the rising of difficulty. Actually I think it will be more than covered.

I believe just buying bitcoin and simply holding it is the lazy way of earning money. and that way you will be losing a lot of potential of earning even more.
And earning profit is not that hard, you just have to obey certain rules, have stop loss.