The Halving - Good or Bad for Bitcoin?

[Laketear]

Halving will reduce the supply of bitcoin, so it will reduce the price pressure. But in the long term, the effect of halving will be lower.

[harkonnen]

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...

Halving is good for bitcoin. But it's a big experiment because all surviving economies are based on inflation.
In principle, bitcoin is deflationary. It guarantees higher price as time goes by. But it's the demand that will ultimately decide the price of bitcoin. Connecting halving with mining profitability is not correct. As I said, mining profitability will be determined by the demand of bitcoin.

Bitcoin reward is just a byproduct of mining blocks. After all 21M bitcoins are produced, there will be no bitcoin reward. But soon there will be transaction fees to miners to keep mining blocks going. The hope is there will be enough demand/transactions that even minimum transaction fees will be attractive to miners (like me).

[zodiac3011]

Halving will reduce the supply of bitcoin, so it will reduce the price pressure. But in the long term, the effect of halving will be lower.

Yes it will be lower but there will be more halvings

[mr.coinstrader]

Halving will reduce the bitcoin number inflation. It also reduce the pressure to the price with fewer new coin coming to the market. The main side effect is that it will reduce the incentive to miners. However, with the rising price and more transactions, miners will continue mining.

[Amph]

Halving will reduce the supply of bitcoin, so it will reduce the price pressure. But in the long term, the effect of halving will be lower.

the pressure reduced will be very low, let's say that right now 50% are dumped, it mean that there will be $540k of less pressure every day, which is 1/10000 of the marketcap, which is insignificant...

fixed 540k and not 540 missed a k....

[mr.coinstrader]

Halving will reduce the supply of bitcoin, so it will reduce the price pressure. But in the long term, the effect of halving will be lower.

the pressure reduced will be very low, let's say that right now 50% are dumped, it mean that there will ve $540 of less pressure every day, which is 1/10000 of the marketcap, which is insignificant...

After the next halving, the block reward will be 12.5 bitcoin or 1800 per day. The reduction is 1800 per day, or $0.7 million per day or $262 million per year. That is quite a big number.

[RastMan]

The halving can reduce the selling pressure from the miners. It will have less effect over the years.

[HardForkComing]

I don't see a single reason why would halving be bad for anyone, except for the late comers, who'd have to buy expensive bitcoin.
It's something great, which will give greater value to bitcoin itself.

[zodiac3011]

I don't see a single reason why would halving be bad for anyone, except for the late comers, who'd have to buy expensive bitcoin.
It's something great, which will give greater value to bitcoin itself.

However late you are I think it wont really be a probem because bitcoin is about long term and expensive is just relative word the price can experience changes pretty quick

[mouneshwar123]

Even after the halving the miners will continue as they will get huge rewards. Halving is a protocol of bitcoin, it is good for bitcoin ecosystem to stay intact.

[zodiac3011]

Even after the halving the miners will continue as they will get huge rewards. Halving is a protocol of bitcoin, it is good for bitcoin ecosystem to stay intact.

actually the miners will get less reward but the value of what they make increases in my opinion

[Muhtaixa]

Even after the halving the miners will continue as they will get huge rewards. Halving is a protocol of bitcoin, it is good for bitcoin ecosystem to stay intact.

actually the miners will get less reward but the value of what they make increases in my opinion

Yes. I hope so. But the halving will have much less effect in the future when the reward is small any way.

[zodiac3011]

Even after the halving the miners will continue as they will get huge rewards. Halving is a protocol of bitcoin, it is good for bitcoin ecosystem to stay intact.

actually the miners will get less reward but the value of what they make increases in my opinion

Yes. I hope so. But the halving will have much less effect in the future when the reward is small any way.

when the halving lowers the reward to zero, all miners will live depend on fee and it is still profitable in my opinion

[RastMan]

Even after the halving the miners will continue as they will get huge rewards. Halving is a protocol of bitcoin, it is good for bitcoin ecosystem to stay intact.

actually the miners will get less reward but the value of what they make increases in my opinion

The difficulty has risen a lot recently. If the price does not rise after the halving, some miners will make a loss.

[egghead123]

It keeps inflation in check and slows the rate of growth but provides less incentive to mine so investors,traders and the like might see it as positive while some miners may have a more negative opinion

[MaritiJames3]

Like you said, bitcoin price will keep going up and the fees will probably double, which I can understand.

Even if the fees goes up, it will still be cheaper than a bank transaction. The miners have to make some money somehow, I think this will be their only option.

[jangloos]

Off course Halving is very good for Bitcoin.It will help the price to be more higher and stable.After what the process of halving will be done the minimum price should be somewhat at around $ 500.There are just good things ahead relating to halving.

[sishendaoye]

I think the halving would be good for the value of bitcoin, bad for the miners out there. I think some might quit once it gets harder and harder to mine bitcoins.
They are most likely depended on the fees, which is not much at all. I wonder if it would be worth it for them to keep on going.

[bearex]

Good. That was the way it is designed to be. Limited in quantity. I think the price will also rise so it will also be positive in the value-way for Bitcoin.

[OrangeII]

it depends, if the amount is reduced maybe it would be good news for bitcoin, because it may increase the price of bitcoin, whereas if it is for a reduction in price, then it is bad news