The Halving - Good or Bad for Bitcoin?

[tom555]

As a trader, it's a big development in btc and sure is something that'll probably make the prices rise. So bring it on
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.

[Denker]

Good or bad in what terms?
In terms of price it might be positive.Fact is no one knows.The only experience we have is the last halving.However this does not automatically mean that the same will happen again. We all hope so but there is no guarantee.

[RealBitcoin]

Give it all to me babe, bitcoin must halve as much as possible.

I would not mind if the block reward would shrink to 1 satoshi by tomorrow.

Of course the miners will and the network size will shirnk, blabla and it would hurt btc.

Yes the natural progress of satoshi must be respected, but I feel we need a lot of patience until inflation gets below 1%.

[USB-S]

Give it all to me babe, bitcoin must halve as much as possible.

I would not mind if the block reward would shrink to 1 satoshi by tomorrow.

Of course the miners will and the network size will shirnk, blabla and it would hurt btc.

Yes the natural progress of satoshi must be respected, but I feel we need a lot of patience until inflation gets below 1%.

only about 3 halvings away.

halving is in my opinion good because it's a simple rule that everyone can get behind and in theory it should make all existing coins more valuable.

The reason it's somewhat bad is because in its early years the main reason why it fluctuated so much is in my opinion this simple rule. Most of the attention was negative tho. But as they say any attention is good attention. Nothing really is bad in this world, it's only our thinking that makes it so.

[bitart]

It's really unpredictable what will be the reaction when the next halving happens. If miners don't want to work for the new coins, they can try to work on transactions. We'll see what will happen with transaction fees after the halving. Maybe if a part of the miners will work only on transaction confirmation, the transactions will be signed quickly.

[98problems]

i believe it will mostly be good for bitcoin as halving will result in a price increase what means that a bigger community will be attracted t bitcoins

[iv4n]

I`m new in bitcoin world, I read all kind of things related with bitcoin. As I understanded many people hope for this event to drive the bitcoin price up like it did during 2013 (I didn`t know about bitcoin in that time). And every price rise is a very good thing for bitcoin that is for sure. But in reality  we do not know how this will affect on bitcoin and miner`s. We can just hope for the best.

[AncilVTwo]

im my opinion its good because its pretty much needed. we need to reduce the supply of bitcoin otherwise the value of bitcoin would be really low.

[btckold24]

I think for miners it could be bad at first but alot should stop mining making difficulty go down.  Also it should make the price go up and that gets excitement going again and people talking. The more publicity btc gets the better for us that are holding some.  I know personally I stopped mining long ago because of difficulty so it would be nice if at halving some farms closed down.

[Swordsoffreedom]

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.d.

What's your verdict?

Good for Bitcoin, it decreases the supply makes miners more efficient and pushes prices upward for Bitcoin.
In addition each halving and period approaching it causes increased attention on Bitcoin and provides a chance for the media to do a 4 year update on the topic and attract more attention to the ecosystem.

[zodiac3011]

I think for miners it could be bad at first but alot should stop mining making difficulty go down.  Also it should make the price go up and that gets excitement going again and people talking. The more publicity btc gets the better for us that are holding some.  I know personally I stopped mining long ago because of difficulty so it would be nice if at halving some farms closed down.

I can't think why you say that it could be bad at first for miners? Fewer BTC means higher price which makes it even more profitable to mine (even before the halving, people begin to buy bitcoin to make money from the halving)

[makcik]

According to me, bitcoins halving won't be good. Here are the reasons I thik why.
(1) Bitcoins' users are increasing, so we need more supply, but halving will reduce it.. Which isn't good.
(2) Transaction fees still hurts people. What will happen if it increased? People will start protesting!
(3) less mining profitability-- Mining is heart and soul of bitcoins. If miners will get decreased. People's interest will decrease, which is unacceptable.

[zodiac3011]

According to me, bitcoins halving won't be good. Here are the reasons I thik why.
(1) Bitcoins' users are increasing, so we need more supply, but halving will reduce it.. Which isn't good.
(2) Transaction fees still hurts people. What will happen if it increased? People will start protesting!
(3) less mining profitability-- Mining is heart and soul of bitcoins. If miners will get decreased. People's interest will decrease, which is unacceptable.

less supply higher demand means higher price which will attract miners in my opinion. transaction fees at the moment is about 5 cents and that's relly small so let's the fee got up double I still find it pretty reasonable

[Amph]

According to me, bitcoins halving won't be good. Here are the reasons I thik why.
(1) Bitcoins' users are increasing, so we need more supply, but halving will reduce it.. Which isn't good.
(2) Transaction fees still hurts people. What will happen if it increased? People will start protesting!
(3) less mining profitability-- Mining is heart and soul of bitcoins. If miners will get decreased. People's interest will decrease, which is unacceptable.

the whole point of the halving is to force the price to increase gradually, giving the right time for the adoption to increase also gradually

it also force the miners to be more efficient and consume less energy, big farm in the end will be decentralized because there is a limit of electrcity per zone

[Pierre 2]

It is really great thing. Supply to markets will get lower, that means if current demand stays price will significantly rise.
It will be good, healthy rise.

[FrostStick]

I'm sure it's good as theoretically the price should double after the halving.

[Possum577]

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 profitability 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...

Halving doesn't decrease supply. Halving decreases the growth of supply. And this is generally a good thing for Bitcoin. If demand remains the same it makes bitcoin more scarce, increasing price. If demand drops it still controls/slows growth of supply, helping support bitcoin price.

Mining profitability will always be on a consolidation crash course. Fewer and fewer firms will have the size and volume to make profits as bitcoin becomes harder and harder to mine. I don't think fees will increase that much...if they do, people will stop transacting and just hold. It'll turn bitcoin into an asset class, which isn't bad either.

[Possum577]

Reward halving is part of bitcoin protocol, which was designed to help maintaining a balance. If it is bad, then bitcoin is bad...

I agree on this one. Deflation is better than inflation in a lot of ways. The halving would certainly be good for all if demand increase.

When it comes to the fiat value of Bitcoin, we very much want inflation. We want the price to inflate as high as it can.

When people talk about inflation and deflation they talk about prices of goods and services, not the cost of the currency. (Economists, am I wrong?)

[Pab]

That we will know after halving.For sure it can be hard for miners,so many off them will go out of business
You will hear many stupid post that it will skyrocket btc price.I hope will be not blockchain disturbing

[FrostStick]

I'm sure it's good as theoretically the price should double after the halving.

That is a common misconception. There is no reason why the price should double as a result of the halving.

The "supply" is not halved. The production is halved and there is a fundamental economic difference between the two.

Well the miner's costs will rise significantly and if the price does not rise then there will be no incentive for the miners to keep mining.