The Halving - Good or Bad for Bitcoin?

[Finestream]

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 is probably a good thing for the Bitcoin, because Bitcoin will be able to stabilize and even why not go up in value.
But I agree with you, the transaction fees will go up, you can use Bitcoin online wallets as Xapo that have no transaction fees but do not communicate the private keys to their users, so that it is not very secure.

Why would anyone share his/her private key, only fool will do that. On the other hand, the halving always do good for the bitcoin community because it always increases the price of bitcoins, that is important to make the miners stay doing their business profitably.

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[tygeade]

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 is probably a good thing for the Bitcoin, because Bitcoin will be able to stabilize and even why not go up in value.
But I agree with you, the transaction fees will go up, you can use Bitcoin online wallets as Xapo that have no transaction fees but do not communicate the private keys to their users, so that it is not very secure.

Why would anyone share his/her private key, only fool will do that. On the other hand, the halving always do good for the bitcoin community because it always increases the price of bitcoins, that is important to make the miners stay doing their business profitably.

Yes and I think this halving will be really good and profitable for all the users, as price is increasing now and it will be reach at the best position at the time of halving.

[yhansky]

Good for those who buy bitcoin when it was at 300!! But its not too late to buy bitcoin right now, analyst already said bitcoin will reach almost 1000$ or more after halving.

[Jmild1]

in my understanding the reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins and because of rhat the bitcoin price should rise  make it still profitable for the miners.

There's still a possibility that the bitcoin price will fall down since it is getting difficult to mine bitcoin, means more miners will quit and probably cut the supply of the coin.

[Dux2K]

in my understanding the reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins and because of rhat the bitcoin price should rise  make it still profitable for the miners.

There's still a possibility that the bitcoin price will fall down since it is getting difficult to mine bitcoin, means more miners will quit and probably cut the supply of the coin.

True but i dont think it will like that maybe it will go down a little but no that much

[potatopower]

in my understanding the reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins and because of rhat the bitcoin price should rise  make it still profitable for the miners.

it should be but for small miners it will not
still this don't need to be that price will go up

well the price will definitely grow because of the halving and it will be profitable for miners so i think halving is a really good thing

[squatz1]

I'm going with yes on this one, due to the fact that people included this in BTC in order to maintain stability so, yeah!

[Maslate]

I'm going with yes on this one, due to the fact that people included this in BTC in order to maintain stability so, yeah!

With the halving that is happening next month the price should rise in order for the miners to have a profitable business, and because of this it will benefit us holders enjoying a profit on a short term investment.

[goinmerry]

I'm going with yes on this one, due to the fact that people included this in BTC in order to maintain stability so, yeah!

With the halving that is happening next month the price should rise in order for the miners to have a profitable business, and because of this it will benefit us holders enjoying a profit on a short term investment.

A big YES. Though we only have a few coins or some million satoshis it will still affect every bit of it. So it is good for us. But I am thinking also to whom it will be bad for?

[Hugroll]

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...

Im looking forward to the halfing mainly because its going to bring something new and exciting to the bitcoin currency. whether it will be good or bad i dont yet know. but i hope it turns out to be good for bitcoin.if the price of bitcoin jumps up its going to bring a lot of popularity to bitcoin like the time it did when the price hit 1000

[escrowboy]

in my understanding the reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins and because of rhat the bitcoin price should rise  make it still profitable for the miners.

it should be but for small miners it will not
still this don't need to be that price will go up

well the price will definitely grow because of the halving and it will be profitable for miners so i think halving is a really good thing

There's no assurance that the coming event will make the price goes up since many people are thinking of selling before the halving come to be the first one to profit. We still cant assure too that the price pump is really a demand or just a manipulative price.

[purebitco]

in my understanding the reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins and because of rhat the bitcoin price should rise  make it still profitable for the miners.

and bitcoin price will surely rise in my opinion because people will buy a lot of bitcoins pretty soon as they think that the price will go up

[randy8777]

I'm going with yes on this one, due to the fact that people included this in BTC in order to maintain stability so, yeah!

With the halving that is happening next month the price should rise in order for the miners to have a profitable business, and because of this it will benefit us holders enjoying a profit on a short term investment.

the price has already gone up quite a bit compared to last year. remember the time that we were below the $300 for such a long period? if you take that into consideration, then the price has doubled within a year. people seem to forget that as they are only interested in seeing the price go up further and further. the growth that we have realized in the last months don't seem to interest them much...

[umaOuma]

I'm going with yes on this one, due to the fact that people included this in BTC in order to maintain stability so, yeah!

With the halving that is happening next month the price should rise in order for the miners to have a profitable business, and because of this it will benefit us holders enjoying a profit on a short term investment.

the price has already gone up quite a bit compared to last year. remember the time that we were below the $300 for such a long period? if you take that into consideration, then the price has doubled within a year. people seem to forget that as they are only interested in seeing the price go up further and further. the growth that we have realized in the last months don't seem to interest them much...

I bought my coins at $220 last year and to be honest I am really satisfied with current price as price is at $650 so even if I sell now I can earn huge profits, but still would prefer to hold till halving.

[Jmild1]

I'm going with yes on this one, due to the fact that people included this in BTC in order to maintain stability so, yeah!

With the halving that is happening next month the price should rise in order for the miners to have a profitable business, and because of this it will benefit us holders enjoying a profit on a short term investment.

the price has already gone up quite a bit compared to last year. remember the time that we were below the $300 for such a long period? if you take that into consideration, then the price has doubled within a year. people seem to forget that as they are only interested in seeing the price go up further and further. the growth that we have realized in the last months don't seem to interest them much...

That's right, the really made a big jump for a long period of time of it's stability. I think it's safe to sell your coins now, but if you have trust that bitcoin will still make it's price way higher then you should hold.

[randy8777]

I'm going with yes on this one, due to the fact that people included this in BTC in order to maintain stability so, yeah!

With the halving that is happening next month the price should rise in order for the miners to have a profitable business, and because of this it will benefit us holders enjoying a profit on a short term investment.

the price has already gone up quite a bit compared to last year. remember the time that we were below the $300 for such a long period? if you take that into consideration, then the price has doubled within a year. people seem to forget that as they are only interested in seeing the price go up further and further. the growth that we have realized in the last months don't seem to interest them much...

I bought my coins at $220 last year and to be honest I am really satisfied with current price as price is at $650 so even if I sell now I can earn huge profits, but still would prefer to hold till halving.

it's always good to see solid holders get rewarded for their patience. depending on how many coins you have bought at $220, you can always choose to cash out a certain percentage of your coins, just to be on the safe side. i bought the majority of my coins below the $300 price level, and i secured some profits well above $700 very recently. the rest of my coins will be kept offline till the price goes up again.

[GamingBro]

I don't really understand how good or bad it for bitcoin but i am sure that for many common bitcoin users halving is very good, cause it's money for free

[serjent05]

I don't really understand how good or bad it for bitcoin but i am sure that for many common bitcoin users halving is very good, cause it's money for free

I think the halving has two side, first it is good.  Yes it is for Bitcoin whales to use it as tool to speculate price increase.  Good for those who bought their Bitcoin at low price.  But eventually after the halving, that  i think for the whale to at least dump their certain portion of Bitcoin resulting to decline in price which is bad for miner.  Imagine your mining reward to be 50% less and less price?  I bet that is double trouble for miner.  Might result to several miners shutting down their mining machine.

[trickshot22]

I don't really understand how good or bad it for bitcoin but i am sure that for many common bitcoin users halving is very good, cause it's money for free

well i doubt that it will be money for free because the price can either go up or down, anything might happen with the price so i wouldnt be that confident i think

i think bitcoin halving will definitely be a great thing for currency because the supply of the bitcoin is going to slow down increasing thus the value of it should increase theoretically

[chaser15]

I don't really understand how good or bad it for bitcoin but i am sure that for many common bitcoin users halving is very good, cause it's money for free

I think the halving has two side, first it is good.  Yes it is for Bitcoin whales to use it as tool to speculate price increase.  Good for those who bought their Bitcoin at low price.  But eventually after the halving, that  i think for the whale to at least dump their certain portion of Bitcoin resulting to decline in price which is bad for miner.  Imagine your mining reward to be 50% less and less price?  I bet that is double trouble for miner.  Might result to several miners shutting down their mining machine.

If some miners will shut down their machine, then difficulty in finding a block will now become lessen. That scenario for miners won't happen even the price won't increase much since they just give way to other miners. Since rewards will drop production will now be slow resulting for big whales to have only add a small percentage of hold coins compare to usual. In here the demand will now be presently active since less coins are now produced resulting for a price increase.