The Halving - Good or Bad for Bitcoin?

[youhgt2]

we can see that there is no special effect on bitcoin, we can see that after halving the price of bitcoin remain stable and was trading in 670 $ round about for such a long time, therefore i can say that there is no special effect of halving on bitcoin.

[kreskko]

we can see that there is no special effect on bitcoin, we can see that after halving the price of bitcoin remain stable and was trading in 670 $ round about for such a long time, therefore i can say that there is no special effect of halving on bitcoin.

Twice bitcoin will not shrink it is exactly. True to rise even as the price is difficult to predict. Exchange is now very cleverly used the instability in the market.

[Akupuniard]

we can see that there is no special effect on bitcoin, we can see that after halving the price of bitcoin remain stable and was trading in 670 $ round about for such a long time, therefore i can say that there is no special effect of halving on bitcoin.

More halving - more price, someday when almost every bitcoin will be mined, i can't even imagine what prcie will it be, cause bitcoin is limited currency anyway.

[kaomaxx]

halving is the right step for bitcoin as supply reduces it will false a price raise as the digital currency becomes scarce and demand plays its row we sure should see a rise in the bitcoin price.

[youhgt2]

halving is the right step for bitcoin as supply reduces it will false a price raise as the digital currency becomes scarce and demand plays its row we sure should see a rise in the bitcoin price.

but what if people just stop using bitcoin buying it, because of the increasing price of bitcoin, therefore to me it is also important that the miners mine bitcoin and provide the supply in the market.

[deisik]

halving is the right step for bitcoin as supply reduces it will false a price raise as the digital currency becomes scarce and demand plays its row we sure should see a rise in the bitcoin price.

but what if people just stop using bitcoin buying it, because of the increasing price of bitcoin, therefore to me it is also important that the miners mine bitcoin and provide the supply in the market.

If people stop buying Bitcoin because of its high price, the price will decline, and people will start buying Bitcoin again. As simple as that

[gandame]

halving is the right step for bitcoin as supply reduces it will false a price raise as the digital currency becomes scarce and demand plays its row we sure should see a rise in the bitcoin price.

but what if people just stop using bitcoin buying it, because of the increasing price of bitcoin, therefore to me it is also important that the miners mine bitcoin and provide the supply in the market.

If people stop buying bitcoin maybe the price fall down because bitcoin is running only if the traders are buy and sell bitcoin. So what happen to btc if the traders stop buying i think bitcoin can drop the price. Halving is not affect the price of bitcoin traders can do that they dump it or pump it that is the work of traders.

[deisik]

In fact, that's what I'm saying myself, namely, that the effect of the halving has yet to be felt. On the other hand, it is not to be expected that it shoots very far (or high, in terms of price rise, lol) and can be easily overrun and beaten down by a multitude of other factors...

For example, Satoshi deciding to cash out his 1M bitcoins (provided he is still alive and didn't burn his stash of coins)

Your theory could be right that's why the price of bitcoin now is falling but if satoshi is really planning to cash out he could have wait for a longer time to make a good amount of money as the price of bitcoin is increasing brought by the demand of the new players in the market.

I would rather say that he should have sold at least part of his wealth in late 2013-early 2014, when the price had hit the $1,000 mark and stepped over. But then everyone is wise after the event, and it is too late to cry over spilt milk, so to speak...

Though we might never come close to that frontier again

[fireball4]

I think the halving is really good for bitcoin. The halving affect the price of bitcoin and it's become increase so high like right now. I'm sure all people will said the halving is good for bitcoin.

yeah, it is a perfect thing because it makes the price to go up after a decent amount of time, i hope that the trend of the price will be up over time

[BitHodler]

In fact, that's what I'm saying myself, namely, that the effect of the halving has yet to be felt. On the other hand, it is not to be expected that it shoots very far (or high, in terms of price rise, lol) and can be easily overrun and beaten down by a multitude of other factors...

For example, Satoshi deciding to cash out his 1M bitcoins (provided he is still alive and didn't burn his stash of coins)

Your theory could be right that's why the price of bitcoin now is falling but if satoshi is really planning to cash out he could have wait for a longer time to make a good amount of money as the price of bitcoin is increasing brought by the demand of the new players in the market.

I would rather say that he should have sold at least part of his wealth in late 2013-early 2014, when the price had hit the $1,000 mark and stepped over. But then everyone is wise after the event, and it is too late to cry over spilt milk, so to speak...

Though we might never come close to that frontier again

Only time will tell whether or not we'll ever going to see 4 digit prices again, but if the price manages to climb up in a stable manner where the growth can be maintained, then it's definitely possible.

But then again, one more major exchange that gets hacked, and years of building up the price will vanish in a matter of days.

[Kwiksave]

In fact, that's what I'm saying myself, namely, that the effect of the halving has yet to be felt. On the other hand, it is not to be expected that it shoots very far (or high, in terms of price rise, lol) and can be easily overrun and beaten down by a multitude of other factors...

For example, Satoshi deciding to cash out his 1M bitcoins (provided he is still alive and didn't burn his stash of coins)

Your theory could be right that's why the price of bitcoin now is falling but if satoshi is really planning to cash out he could have wait for a longer time to make a good amount of money as the price of bitcoin is increasing brought by the demand of the new players in the market.

I would rather say that he should have sold at least part of his wealth in late 2013-early 2014, when the price had hit the $1,000 mark and stepped over. But then everyone is wise after the event, and it is too late to cry over spilt milk, so to speak...

Though we might never come close to that frontier again

Only time will tell whether or not we'll ever going to see 4 digit prices again, but if the price manages to climb up in a stable manner where the growth can be maintained, then it's definitely possible.

But then again, one more major exchange that gets hacked, and years of building up the price will vanish in a matter of days.

The bitcoin core client 0.13 will be released soon, it will have provisions for the big block size. So the price might rise.

[buyinbtc]

I think the halving is really good for bitcoin. The halving affect the price of bitcoin and it's become increase so high like right now. I'm sure all people will said the halving is good for bitcoin.

yeah, it is great that we have halvings in my opinion because it makes bitcoin alive and increases its price with time

[RastMan]

I think the halving is really good for bitcoin. The halving affect the price of bitcoin and it's become increase so high like right now. I'm sure all people will said the halving is good for bitcoin.

yeah, it is great that we have halvings in my opinion because it makes bitcoin alive and increases its price with time

Halving contribute very little to the bitcoin adoption. The mass adoption is the most important for the life of bitcoin.

[Mumbeeptind1963]

I think the halving is really good for bitcoin. The halving affect the price of bitcoin and it's become increase so high like right now. I'm sure all people will said the halving is good for bitcoin.

yeah, it is great that we have halvings in my opinion because it makes bitcoin alive and increases its price with time

Halving contribute very little to the bitcoin adoption. The mass adoption is the most important for the life of bitcoin.

For me halving is good for bitcoin, because many investor will invest in bitcoin even if they didnt sure in bitcoin that it will rise, like before many people thinks that this bitcoin price will pump, but when halving is start the price dump. So bitcoin halving is good in bitcoin but many people didnt earn in halving like my friend, he sell his bitcoin because he didnt see that this coin will pump again.

[takingthis4]

I think the halving is really good for bitcoin. The halving affect the price of bitcoin and it's become increase so high like right now. I'm sure all people will said the halving is good for bitcoin.

of course it is really good, in my opinion because it allows bitcoin price to go up a lot in the near future and make me some good money

[Muhtaixa]

I think the halving is really good for bitcoin. The halving affect the price of bitcoin and it's become increase so high like right now. I'm sure all people will said the halving is good for bitcoin.

of course it is really good, in my opinion because it allows bitcoin price to go up a lot in the near future and make me some good money

Does it mean there will be no price rise when there is no halving? I think the mass adoption is most important.

[InsideBjorn]

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...

The halving doesn't mean stop of mining. Mean only halving of the new amounts of bitcoin added in the market. So the mining will continue with more or few miners. The new 12.5 bitcoin will be in the market every about 10 minutes. There have not any importance the number of miners which participate in this process. I don't understand why the fees must go high with less miners (but I'm not an expert in this field and maybe have wrong). Less miners will earn their part in the production of new bitcoins. Less miners mean maybe more earnings than before halving seen that are less miners than before. That's all.

As for the demand, this have nothing to do with the miners. They are not at all part of the demand. They don't buy bitcoins. Because earn it through the mining. The maximum of their activity in the report supply/demand is the sell of their bitcoins earned. So, on the contrary, are part of supply. The demand is who buy. And for sure are not the miners why buy bitcoin. I don't see any reason why the number of why buy will be reduced. Maybe increased make sense but decreased .... Why?

It wont be very good for the bitcoin that is one thing but what i also know us that the halving does not affec tthe price of the bitcoin only the ones who are mining to the bitcoin will have big troubles.

[boyptc]

I think the halving is really good for bitcoin. The halving affect the price of bitcoin and it's become increase so high like right now. I'm sure all people will said the halving is good for bitcoin.

of course it is really good, in my opinion because it allows bitcoin price to go up a lot in the near future and make me some good money

Does it mean there will be no price rise when there is no halving? I think the mass adoption is most important.

Actually the work of halving is just to decrease the supply of bitcoin. But because of it, the difficulty of rewards per block is going to be higher.
So when there is less supply in the network of bitcoin we are going to have hard time to get it. And the law of supply and demand applies here, when there is less supply but high demand price of bitcoin is going to increase.

[HilbillyFred]

The halving is not really bad or good for the bitcoin because there are allot of things that can happen with the bitcoin and that is not just going bad or good because the halving is strange.

[deisik]

I would rather say that he should have sold at least part of his wealth in late 2013-early 2014, when the price had hit the $1,000 mark and stepped over. But then everyone is wise after the event, and it is too late to cry over spilt milk, so to speak...

Though we might never come close to that frontier again

Only time will tell whether or not we'll ever going to see 4 digit prices again, but if the price manages to climb up in a stable manner where the growth can be maintained, then it's definitely possible.

But then again, one more major exchange that gets hacked, and years of building up the price will vanish in a matter of days.

I don't think so. In the Bitfinex case, there are a few points worthy of note. First, the price had already been declining before the hack happened, thus the market sentiment was bearish overall. But this was no more than an expected correction after all the hype we had seen prior to recent halving. Second, the price collapse down to $480 per coin because of the Bitfinex hack looked more like a knee-jerk reaction than a long-term impact and was rather short-lived, despite the mind-boggling amount of coins stolen. Now that the price went above $600, we could claim with calm surety that the Bitfinex incident was in fact an excellent opportunity to buy bitcoins cheap. Given that, and this is the final point to be made, the inevitable hacks that are yet to happen will be viewed from this angle by the majority of players...

Except those whose money gets stolen in the process, of course