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Author Topic: The Halving - Good or Bad for Bitcoin?  (Read 83057 times)
Finestream
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July 23, 2016, 03:36:50 AM
 #1001

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.
I know majority of use here are waiting for the price to increase because we have invest before the halving, and I believe it is just right to wait for the price increase within this year and if nothing happens the we simply sell our coins. We could think that it is our goal in order for us to implement it.

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July 23, 2016, 04:19:47 AM
 #1002

Probably halving  has a good impact to bitcoin. This is the time wrere bitcoin price increases,
And some of the users are waiting for it to have make some profit.
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July 23, 2016, 10:05:41 AM
 #1003

Probably halving  has a good impact to bitcoin. This is the time wrere bitcoin price increases,
And some of the users are waiting for it to have make some profit.
We all know that it will have a good impact but the question would be when will be the impact be experience. I know many have invested when the price was good enough before the halving and they are waiting for the price increase which has not happen yet. Maybe those people who can wait will just make money.
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July 23, 2016, 10:57:40 AM
 #1004

Probably halving  has a good impact to bitcoin. This is the time wrere bitcoin price increases,
And some of the users are waiting for it to have make some profit.

Well at first I am saying that bitcoin halving is going to be good at all. But it seems that there is no change at all with the price of bitcoin.
Or it is still early to see the good effect of bitcoin. I hope that the good effect will take before the end of the year or if not it will happen for the next months.

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July 27, 2016, 07:53:51 AM
 #1005

Probably halving  has a good impact to bitcoin. This is the time wrere bitcoin price increases,
And some of the users are waiting for it to have make some profit.

Well at first I am saying that bitcoin halving is going to be good at all. But it seems that there is no change at all with the price of bitcoin.
Or it is still early to see the good effect of bitcoin. I hope that the good effect will take before the end of the year or if not it will happen for the next months.

The bitcoin price rose more than 150 in the last year, so that is already a good achievement if it is related to halving.
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July 27, 2016, 08:05:03 AM
 #1006

Probably halving  has a good impact to bitcoin. This is the time wrere bitcoin price increases,
And some of the users are waiting for it to have make some profit.

Well at first I am saying that bitcoin halving is going to be good at all. But it seems that there is no change at all with the price of bitcoin.
Or it is still early to see the good effect of bitcoin. I hope that the good effect will take before the end of the year or if not it will happen for the next months.

The bitcoin price rose more than 150 in the last year, so that is already a good achievement if it is related to halving.
Yeah! and benefit is only for those who were able to invest when the price was still low. The current price is really good that we need to maintain this by supporting the community in spreading the good news to gain massive adoption.

The halving was done already and yet no increase happens so we should wait and see.
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July 27, 2016, 08:28:03 AM
 #1007

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

Given that we have a whopping sample of one, I'm not sure that we can make these types of predictions. If we are referring to the market of speculators, it's possible that multiple halvings have already been "priced in" given that they are predictable events.

The real supply effects of the halving are more nuanced, difficult to gauge and likely take more time to sink in. All things equal, a drop in supply means higher price. But all things are not necessarily equal, and price moves in accumulation/distribution cycles that can move in tandem with -- or opposite to -- the expected outcome of supply halving.
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July 27, 2016, 08:30:34 AM
 #1008

to me halving is very good for bitcoin. because it reduce the supply and the demand remain the same the price do not fall too much and remain constant. but on other side it is not good for the minor because it become difficult for them to survive.
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July 27, 2016, 08:48:48 AM
 #1009

to me halving is very good for bitcoin. because it reduce the supply and the demand remain the same the price do not fall too much and remain constant. but on other side it is not good for the minor because it become difficult for them to survive.
For your information, it does not reduce the supply, it is just giving the miners a difficulty to mind but would not really reduce the number of supplies. The supplies are still intact base on how the whole system are design and we can only have a shortage if their is a big demands.

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July 27, 2016, 07:22:18 PM
 #1010

to me halving is very good for bitcoin. because it reduce the supply and the demand remain the same the price do not fall too much and remain constant. but on other side it is not good for the minor because it become difficult for them to survive.

Aside from the explanation for the poster who quoted your post first, the supply remain the same and no way it can reduce the supply.

It's just that production for "NEW" mined coins will be slowed. Halving is good since if there's no drop rewards we can just easily achieved our max number of coins to be mined which isn't a good idea.

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July 27, 2016, 07:23:56 PM
 #1011

The halving already happened then why you guys are still discussing on it?
Bitcoin price raised just before the halving and we have seen nothing after it,
However people bought many bitcoins before halving thinking that the price will increase and give them profit, That buying made the bitcoin price @600$'s .


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July 27, 2016, 07:58:24 PM
 #1012

The halving already happened then why you guys are still discussing on it?
Bitcoin price raised just before the halving and we have seen nothing after it,
However people bought many bitcoins before halving thinking that the price will increase and give them profit, That buying made the bitcoin price @600$'s .

We have a few more halvings to discuss

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July 27, 2016, 10:02:15 PM
Last edit: July 28, 2016, 03:18:22 AM by CryptoBuddha
 #1013

to me halving is very good for bitcoin. because it reduce the supply and the demand remain the same the price do not fall too much and remain constant. but on other side it is not good for the minor because it become difficult for them to survive.
For your information, it does not reduce the supply, it is just giving the miners a difficulty to mind but would not really reduce the number of supplies. The supplies are still intact base on how the whole system are design and we can only have a shortage if their is a big demands.
For your information, it DOES reduce the supply, it has nothing to do with difficulty changes.
Difficulty is recalculated approx. every 2000 blocks the way it would ensure a 10 minutes on average to find a block. It depends solely on the total network hashrate and not on the halvings.
Yes, it has not reduced the number of supplies, the blocks are found every 10 minutes anyway, but it has reduced the amount of supply, now there are only 12.5 newly mined coins in every block instead of 25. So prior to the halving the daily supply was about 10min*6*24hrs*25BTC=3600BTC, now its 10min*6*24hrs*12.5BTC=1800BTC...  if 3600/day>1800/day I call it reduce of supply Wink

UPD: I shouldn't have multiplied by 10 min, of course, initial text corrected.

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July 27, 2016, 10:11:10 PM
 #1014

i feel like its going to have a good impact on bitcoin in the long term. because it decreases the amount of bitcoins coming into the market,keeping the price stable and possibly increasing in the future. so far the price has been pretty stable since the halfing happened and i hope i stays that way.
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July 27, 2016, 10:15:01 PM
 #1015

to me halving is very good for bitcoin. because it reduce the supply and the demand remain the same the price do not fall too much and remain constant. but on other side it is not good for the minor because it become difficult for them to survive.
For your information, it does not reduce the supply, it is just giving the miners a difficulty to mind but would not really reduce the number of supplies. The supplies are still intact base on how the whole system are design and we can only have a shortage if their is a big demands.
For your information, it DOES reduce the supply, it has nothing to do with difficulty changes.
Difficulty is recalculated approx. every 2000 blocks the way it would ensure a 10 minutes on average to find a block. It depends solely on the total network hashrate and not on the halvings.
Yes, it has not reduced the number of supplies, the blocks are found every 10 minutes anyway, but it has reduced the amount of supply, now there are only 12.5 newly mined coins in every block instead of 25. So prior to the halving the daily supply was about 10min*6*24hrs*25BTC=36000BTC, now its 10min*6*24hrs*12.5BTC=18000BTC...  if 36000/day>18000/day I call it reduce of supply Wink
Just a quick fix, the supply went from 3600 bitcoins per day to 1800 bitcoins per day (average). Not 36000 to 18000. you shouldn't have multiplied by 10min lol. Halfing decreases the supply of bitcoins ENTERING the market, and not the supply of bitcoins in the market.
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July 27, 2016, 10:47:11 PM
 #1016

of course halving is a really great thing because it allows the price to grow

 
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CryptoBuddha
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July 28, 2016, 03:23:02 AM
 #1017

Just a quick fix, the supply went from 3600 bitcoins per day to 1800 bitcoins per day (average). Not 36000 to 18000. you shouldn't have multiplied by 10min lol. Halfing decreases the supply of bitcoins ENTERING the market, and not the supply of bitcoins in the market.

Of course you are right, I was way too sleepy when I wrote that. Obviously there come on average 6 blocks per hour, not 60 lol)))))    So I edited my post with the numbers.

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July 28, 2016, 03:47:03 AM
 #1018

of course halving is a really great thing because it allows the price to grow


Halving did really a good job for us, why? Because look at the price of bitcoin now, it's kinda stable from the price ranging $650-$670 and for me that is really a good price at all. And it is the one that I'm thinking for the past months if the price of bitcoin is going to be stable at that price.
And it happened, thanks to halving.

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chaser15
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July 28, 2016, 08:21:20 AM
 #1019

of course halving is a really great thing because it allows the price to grow


Halving did really a good job for us, why? Because look at the price of bitcoin now, it's kinda stable from the price ranging $650-$670 and for me that is really a good price at all. And it is the one that I'm thinking for the past months if the price of bitcoin is going to be stable at that price.
And it happened, thanks to halving.

Technically halving isn't the reason why the price boost but no doubt that because of halving speculations why we are here in the price like this today. Without that halving speculation maybe we are still sitting in below $500 price range.

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groll
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July 28, 2016, 12:11:35 PM
 #1020

of course halving is a really great thing because it allows the price to grow


Halving did really a good job for us, why? Because look at the price of bitcoin now, it's kinda stable from the price ranging $650-$670 and for me that is really a good price at all. And it is the one that I'm thinking for the past months if the price of bitcoin is going to be stable at that price.
And it happened, thanks to halving.

Technically halving isn't the reason why the price boost but no doubt that because of halving speculations why we are here in the price like this today. Without that halving speculation maybe we are still sitting in below $500 price range.

Yes halving though not the main cause of price increase on bitcoins has paved the way for people to think of a coming price increase that lead to higher demands and buying of large amount of bitcoins.

That way halving has indirectly influence the current price if bitcoin that we are enjoying right now. So let another having bring more increase to bitcoins.
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