The Halving - Good or Bad for Bitcoin?

[Xester]

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...

It's hard to tell if halving is good or bad for the halving. Only satoshi nakamoto the creator of bitcoins knew the answer. He know the reason why halving existed or what are the hidden reasons and underlying factors why halving existed. But in my simple understanding halving is beneficial to bitcoin. Halving is a part of the bitcoin system and it must be placed for bitcoin to function well.

[Dux2K]

Halving always been good so this time will be the same
expect to see good price rise slow but constant

[randy8777]

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...

I guess halving is bad for bitcoins but good for bitcoiners. Every halving mining difficulty increases and with the increased demand for bitcoins how much longer can the supply lasts. But there are already steps taken by big industries underlying bitcoin to make it last and survive long. And one way to control and balance the supply and demand is through increasing its value. But for me halving effects will later push the increase on bitcoins price hopefully.

the difficulty is/has been increasing all the time. the halving itself doesn't add any extra difficulty on top of the current difficulty.

[goldcoinminer]

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...

I guess halving is bad for bitcoins but good for bitcoiners. Every halving mining difficulty increases and with the increased demand for bitcoins how much longer can the supply lasts. But there are already steps taken by big industries underlying bitcoin to make it last and survive long. And one way to control and balance the supply and demand is through increasing its value. But for me halving effects will later push the increase on bitcoins price hopefully.

the difficulty is/has been increasing all the time. the halving itself doesn't add any extra difficulty on top of the current difficulty.

It's not what I read, every halving will increase the difficulty on mining so the reward will be lessen, if the price will not increase the miners will not be operating in profit, at least that is what I know.

[ASHLIUSZ]

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...

I guess halving is bad for bitcoins but good for bitcoiners. Every halving mining difficulty increases and with the increased demand for bitcoins how much longer can the supply lasts. But there are already steps taken by big industries underlying bitcoin to make it last and survive long. And one way to control and balance the supply and demand is through increasing its value. But for me halving effects will later push the increase on bitcoins price hopefully.

the difficulty is/has been increasing all the time. the halving itself doesn't add any extra difficulty on top of the current difficulty.

It's not what I read, every halving will increase the difficulty on mining so the reward will be lessen, if the price will not increase the miners will not be operating in profit, at least that is what I know.

The main determinant of miners’ profits is their energy costs. In order to reduce energy costs, miners seek more efficient chips which allows the network to process more transactions at lower cost, which should help keep miners online, thereby helping boost network security.

[randy8777]

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...

I guess halving is bad for bitcoins but good for bitcoiners. Every halving mining difficulty increases and with the increased demand for bitcoins how much longer can the supply lasts. But there are already steps taken by big industries underlying bitcoin to make it last and survive long. And one way to control and balance the supply and demand is through increasing its value. But for me halving effects will later push the increase on bitcoins price hopefully.

the difficulty is/has been increasing all the time. the halving itself doesn't add any extra difficulty on top of the current difficulty.

It's not what I read, every halving will increase the difficulty on mining so the reward will be lessen, if the price will not increase the miners will not be operating in profit, at least that is what I know.

halving or no halving, the difficulty has been increasing regardless of that. the demand for bitcoin is going up year on year, which translates into a higher price. higher price means more miners are interested in firing up their hardware, and that leads to a higher difficulty. just look at the difficulty charts. just before the halving the next difficulty increase was around 1.5%, and right now it's 2%. it's just a regular difficulty increase.

[hermanhs09]

I guess the best effect of halving is making bitcoin prices rose higher than ever, I think people take advantage of it to hold their bitcoin. but I guess after halving, bitcoin prices become unstable because more people are starting to sell their bitcoin in large numbers

Bitcoin price will decrease after halving since many of people become sellers in that time but the positive aspect is halving itself.

I think that this is not true but we still have to see this of course, I think the price wil rise honestly.
The halving now has been done and I think we gonna see soon some increasing!

For now, the price is absolutely flat.
There seems to be no indication of a breakout.

hehe i think that stable price (after halving ) is a great thing for us,we had no drops,even
after people dumping their coins,so the price will rise.
Halving  is great because the demand is rising!

[Mr.grin]

I think it's very difficult to say. I guess halving has both good and bad. The good side of bitcoin prices may grow in large numbers, but on the other hand, the number of bitcoin is reduced so as to make the salary we get less, well I guess just the same, if the price of bitcoin increases, and we BTC salaries reduced.

[boyptc]

I guess the best effect of halving is making bitcoin prices rose higher than ever, I think people take advantage of it to hold their bitcoin. but I guess after halving, bitcoin prices become unstable because more people are starting to sell their bitcoin in large numbers

Bitcoin price will decrease after halving since many of people become sellers in that time but the positive aspect is halving itself.

I think that this is not true but we still have to see this of course, I think the price wil rise honestly.
The halving now has been done and I think we gonna see soon some increasing!

For now, the price is absolutely flat.
There seems to be no indication of a breakout.

hehe i think that stable price (after halving ) is a great thing for us,we had no drops,even
after people dumping their coins,so the price will rise.
Halving  is great because the demand is rising!

I am not surprised that the bitcoin halving actually doesn't have effect that much today after it happened.
Because it's effect is going to take occur after few weeks or months later.
So just wait for it guys.

[rekinthis]

It just halved 3 hrs ago!
https://blockchain.info/blocks

Yes,and strangely it seems dont had impact on the price.

well and what did you expect? you thought that people were going to start buying it like crazy without even thinking? the price is going to grow like in a month like during the previous halving

[Muhtaixa]

It just halved 3 hrs ago!
https://blockchain.info/blocks

Yes,and strangely it seems dont had impact on the price.

well and what did you expect? you thought that people were going to start buying it like crazy without even thinking? the price is going to grow like in a month like during the previous halving

The effect of halving is lower than the last one. The price rose 50 times last time, it might just rises 20 times now.

[escrowboy]

Looking back at 2012, we can say that the past Halving award did not cause any problems, so why is worth waiting problems after yesterday?
In 2012, and a year later for the Bitcoin everything went surprisingly well: the price of bitcoins has doubled within a few months after reducing the award for the unit, while of mining process was not as competitive environment, which he was then, because of which dropped significantly profit miners.

Well upon seeing the last event that happen it pump to $1200 and fall down at $300. So maybe this scenario will repeat itself, well we don't know. I'm hoping that it will not.

[Maslate]

Looking back at 2012, we can say that the past Halving award did not cause any problems, so why is worth waiting problems after yesterday?
In 2012, and a year later for the Bitcoin everything went surprisingly well: the price of bitcoins has doubled within a few months after reducing the award for the unit, while of mining process was not as competitive environment, which he was then, because of which dropped significantly profit miners.

Well upon seeing the last event that happen it pump to $1200 and fall down at $300. So maybe this scenario will repeat itself, well we don't know. I'm hoping that it will not.

It will not happen this time around because if you observe how the price react, it is slowly but surely rising up, this time we don't need to worry as the price is already back by real demand of the investors and users who loves to spend online.

[Zadicar]

The halving is part of the system of Bitcoin which make a good effect to us who uses bitcoin because after each halving event price of the coin increases gradually even it goes down sometimes then suddenly comes up again. So everyone must expect that bitcoin price would be high in these coming years.

[ASHLIUSZ]

Looking back at 2012, we can say that the past Halving award did not cause any problems, so why is worth waiting problems after yesterday?
In 2012, and a year later for the Bitcoin everything went surprisingly well: the price of bitcoins has doubled within a few months after reducing the award for the unit, while of mining process was not as competitive environment, which he was then, because of which dropped significantly profit miners.

Well upon seeing the last event that happen it pump to $1200 and fall down at $300. So maybe this scenario will repeat itself, well we don't know. I'm hoping that it will not.

i believe that it wont happen now as we can see the price is stable around $650 for more than two weeks and started increasing steadily, hope this to continue to reach $1k.

[relq]

For me, everything that can make the price of bitcoin increase will be good for bitcoin and The halving is make the price of bitcoin increase. So yeah, the halving is good for bitcoin.

[penduko]

For me, everything that can make the price of bitcoin increase will be good for bitcoin and The halving is make the price of bitcoin increase. So yeah, the halving is good for bitcoin.

Halving will only be good for people who got stock on their wallet due to contentious increase of bitcoin price but for people who just starting bitcoin will having hard time to cope up and might lose money due to fluctuation price of bitcoin.

[escrowboy]

For me, everything that can make the price of bitcoin increase will be good for bitcoin and The halving is make the price of bitcoin increase. So yeah, the halving is good for bitcoin.

Halving will only be good for people who got stock on their wallet due to contentious increase of bitcoin price but for people who just starting bitcoin will having hard time to cope up and might lose money due to fluctuation price of bitcoin.

Not even continuous as this time, but surely a good profit will be given for those who's holding big funds. A sure increase will happen maybe not now but for the coming years.

[Kwiksave]

12 months after last halving, the price rose almost 100 times.   This time, the bitcoin price might rise 10 times.

[torrentheaven]

For me, everything that can make the price of bitcoin increase will be good for bitcoin and The halving is make the price of bitcoin increase. So yeah, the halving is good for bitcoin.

Halving will only be good for people who got stock on their wallet due to contentious increase of bitcoin price but for people who just starting bitcoin will having hard time to cope up and might lose money due to fluctuation price of bitcoin.

Not even continuous as this time, but surely a good profit will be given for those who's holding big funds. A sure increase will happen maybe not now but for the coming years.

I think to see the higher price we need to wait till the end of the year, as by then there will be many people who will prefer to buy which will take price to a higher level.