richardsNY
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January 07, 2016, 07:27:21 PM |
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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.
Miners won't stop mining just because of the halving. The price that will go up will compensate the lower block rewards. If we go up to $600-$700 around the halving, then miners will definitely not stop their hardware. They will be more than happy to mine.
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n691309
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January 07, 2016, 07:39:05 PM |
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These days i was thinking that halving is good for the bitcoin community but it is not good for the bitcoin collector because the price will be increased when the supply is being decreased every 4 years.
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darkangel11
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January 07, 2016, 08:05:22 PM |
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Good for the price and for Bitcoin itself. We could use some price jump to at least half of the ATH ($550). If you still haven't got any coins you may call it bad ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Snorek
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January 07, 2016, 11:55:00 PM |
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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.
I would be wary about increasing fees. Bitcoin could be potentially the best way to manage microtransactions - a killer app for that segment of market. Increasing fees - even a tiny bit will kill idea of micro payments, kill faucets and micro tipping. Bitcoin will be almost the same as PayPal - looking at the fee level.
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blackmachinegun
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January 08, 2016, 01:54:42 AM |
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bad for the miners, this time the reward for the mining is fewer, many miners are out and switched professions
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Beliathon
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January 08, 2016, 04:38:14 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...
New ATH cause of halving
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BellaBitBit
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January 08, 2016, 04:50:18 AM |
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The halving is good because it was part of the design.
The coins also become more rare so that is good also.
Fees may increase but that is to be expected.
All good by my standards.
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MaritiJames3
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January 08, 2016, 02:39:42 PM |
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I think it will be good for bitcoin, halving will happen and a lot of people here, including myself think that bitcoin will reach a new ATH. It will get harder and harder for the miners to keep mining more bitcoins, I hope things will go smoothly for them and that they will make profits as well, besides those transaction fees.
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wadii33
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January 08, 2016, 02:43:01 PM |
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TThe halving could be a positive thing or a negative thing to bitcoin because it make maners mine less and it could also increase the value of bitcoin
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okae
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January 08, 2016, 02:59:28 PM |
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The halving will be really good for bitcoin, will be a really important step and we will see how the price value will be increased, HW company miners are aware about it and they didn't stop by releasing more and more HW, why?
The price will raise and it will equilibrate the economy of the bitcoin, at least IMHO, in the end, what is expected, will happen.
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RastMan
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January 20, 2016, 11:16:09 AM |
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TThe halving could be a positive thing or a negative thing to bitcoin because it make maners mine less and it could also increase the value of bitcoin
In general, it is good for the value of bitcoin as it reduce the monetary supply. It could be neutral to miners if the bitcoin price rise.
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OrangeII
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January 20, 2016, 04:45:39 PM |
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i guess it would not be good for bitcoin, if the amount of bitcoin subtract half the bitcoin will be very difficult to obtain, but maybe the price will go up with a high, but not good if bitcoin prices rise but it is difficult in getting
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linyang
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January 20, 2016, 04:49:11 PM |
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to my knowledge, when halving will be good for bitcoin. well bitcoin prices will rise,and therefore I now continue to buy bitcoin .
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Amph
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January 20, 2016, 07:26:32 PM Last edit: January 21, 2016, 07:37:28 AM by Amph |
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costantly growing at a lower rate, this must be said, otherwise the halving would be pointless, and after 2028, the grow of the supply will be negligeable, which means that it can be comparable to a non-growing status
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harkonnen
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January 20, 2016, 09:24:51 PM |
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costantly growing at a lower rate, this must be said, otherwise the halvign would be pointless, and after 2028, the grow of the supply will be negligeable, which means that it can be comparable to a non-growing status
At current bitcoin price, yes. But if bitcoin price is high enough it will always matter.
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bikoBoy
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January 21, 2016, 05:32:39 AM |
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That is a very much part of the financial concept of BTC, I think it is good as the price will rise and relatively make it the same value as before. it's an important part of the concept of having a specific demand and request I think. BTC should have been already risen massively IMO if not for the recent problems with hearn, starting to recover now I think
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Muhtaixa
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January 25, 2016, 09:58:30 AM |
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costantly growing at a lower rate, this must be said, otherwise the halving would be pointless, and after 2028, the grow of the supply will be negligeable, which means that it can be comparable to a non-growing status
The inflation of bitcoin will reduce a lot after each halving. That is the reason why bitcoin has high value. It is different from other fiat.
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romero121
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January 25, 2016, 11:37:07 AM |
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costantly growing at a lower rate, this must be said, otherwise the halving would be pointless, and after 2028, the grow of the supply will be negligeable, which means that it can be comparable to a non-growing status
The inflation of bitcoin will reduce a lot after each halving. That is the reason why bitcoin has high value. It is different from other fiat. Someone has putforth this statement after halving bitcoin will grow high and will yield great profit. Everyone should understand what does it mean and everything depends upon the requirement or demand to what is in available will calculate the value of bitcoin even during halving.
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~Bitcoin~
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January 25, 2016, 12:14:33 PM |
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to my knowledge, when halving will be good for bitcoin. well bitcoin prices will rise,and therefore I now continue to buy bitcoin .
We can't blindly expect price to rise before halving as it can also be happened after halving or never. Most of huge miners find the current price also profitable after halving but we have to see what they like to get from their mined coin.
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Drekavac
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January 25, 2016, 12:46:38 PM |
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Every halving it harder to get bitcoin? And if demand rises you can have steady growth?
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