The Halving - Good or Bad for Bitcoin?

[rajasumi3]

In my opinion the halving is very good .as because of halving the price of bitcoins would go high up as the demand of bitcoin would increase.it is also done to make the price of bitcoin make more stable and i dont think it was any bad intentions.

[DoublerHunter]

In my opinion the halving is very good .as because of halving the price of bitcoins would go high up as the demand of bitcoin would increase.it is also done to make the price of bitcoin make more stable and i dont think it was any bad intentions.

Nope, Halving is not pure "good" effects on bitcoin because in the other side, Halving can be a risky event for bitcoin because it halves the block reward which will make the miners to earn less than they earn before and also if the prices dump after halving then it will be a hype for the other bitcoin users to sell their bitcoins too. Not all the times, the prices go up because it is always up to the investors,miners and hodlers.

[X-ray]

In my opinion the halving is very good .as because of halving the price of bitcoins would go high up as the demand of bitcoin would increase.it is also done to make the price of bitcoin make more stable and i dont think it was any bad intentions.

Nope, Halving is not pure "good" effects on bitcoin because in the other side, Halving can be a risky event for bitcoin because it halves the block reward which will make the miners to earn less than they earn before and also if the prices dump after halving then it will be a hype for the other bitcoin users to sell their bitcoins too. Not all the times, the prices go up because it is always up to the investors,miners and hodlers.

So assuming if a miner can get 10 BTC with the price $1000 but after halving he will only get 5 BTC with the price of bitcoin $1500.

I don't see a lot of different both of the case. You must read more about how it works.

[btvlGainer]

I'm sure this is a very good trend. thanks to Bitcoin never be exposed to inflation. Each time, its value increases. Fiat currency does not have this feature, so cheaper

[deisik]

The halvings gives Bitcoin value and makes it lucrative for more  investors so I think it should be maintained for us to keep profiting from our investment. If we don't half and we keep more BTC with less value what's the point rather than have less with more value.

from the previous halving was my first experience so i can say that halving is good. as in previous halving the price of bitcoin increased so high and that is the reason that we can expect from the coming halving also.

Economic 101 " less supply and more value" so the decrease reward for the miners give a best opportunity for the price of bitcoin. and it will have increased in the future and i think the halving is the key every 4 years. the price of bitcoin will have doubled. Halving = big hype.

The next halving might not have such an effect

I mean in respect to what we have seen recently. The primary reason is that the supply of new coins has already diminished dramatically. It is basically the law of diminishing returns at work here. On the other hand, the same Economics 101 tells us that the factual supply is only one aspect of a broader concept of total supply. The other factor at play here is the circulation velocity, i.e. how often coins change hands. Higher velocities give the effect of a larger supply, so the decrease in the supply of new coins may be offset by the increased velocity with which bitcoins circulate

[CyberKuro]

The halvings gives Bitcoin value and makes it lucrative for more  investors so I think it should be maintained for us to keep profiting from our investment. If we don't half and we keep more BTC with less value what's the point rather than have less with more value.

from the previous halving was my first experience so i can say that halving is good. as in previous halving the price of bitcoin increased so high and that is the reason that we can expect from the coming halving also.

Economic 101 " less supply and more value" so the decrease reward for the miners give a best opportunity for the price of bitcoin. and it will have increased in the future and i think the halving is the key every 4 years. the price of bitcoin will have doubled. Halving = big hype.

The next halving might not have such an effect

I mean in respect to what we have seen recently. The primary reason is that the supply of new coins has already diminished dramatically. It is basically the law of diminishing returns at work here. On the other hand, the same Economics 101 tells us that the factual supply is only one aspect of a broader concept of total supply. The other factor at play here is the circulation velocity, i.e. how often coins change hands. Higher velocities give the effect of a larger supply, so the decrease in the supply of new coins may be offset by the increased velocity with which bitcoins circulate

I'm sorry, don't get all of it, which one did you mean : The next halving might not have such an effect ?? Do you think next halving won't make bitcoin value increase?
The law of 'supply and demand' is a certainly point of economics. Bitcoin halving mean limited supply, make it slightly worth.
We have more than enough coins in circulation now and higher velocity of bitcoin could achieve if : more merchants join into bitcoin community and faster confirmation (regards block size).

[deisik]

The halvings gives Bitcoin value and makes it lucrative for more  investors so I think it should be maintained for us to keep profiting from our investment. If we don't half and we keep more BTC with less value what's the point rather than have less with more value.

from the previous halving was my first experience so i can say that halving is good. as in previous halving the price of bitcoin increased so high and that is the reason that we can expect from the coming halving also.

Economic 101 " less supply and more value" so the decrease reward for the miners give a best opportunity for the price of bitcoin. and it will have increased in the future and i think the halving is the key every 4 years. the price of bitcoin will have doubled. Halving = big hype.

The next halving might not have such an effect

I mean in respect to what we have seen recently. The primary reason is that the supply of new coins has already diminished dramatically. It is basically the law of diminishing returns at work here. On the other hand, the same Economics 101 tells us that the factual supply is only one aspect of a broader concept of total supply. The other factor at play here is the circulation velocity, i.e. how often coins change hands. Higher velocities give the effect of a larger supply, so the decrease in the supply of new coins may be offset by the increased velocity with which bitcoins circulate

I'm sorry, don't get all of it, which one did you mean : The next halving might not have such an effect ?? Do you think next halving won't make bitcoin value increase?

This is impossible to tell in advance and in practice

But theoretically, if all other things are kept the same, then yes, the price won't increase as much as it increased this time due to July halving. The logic behind this claim is pretty simple. To better understand it, just think about the relative change in the supply of bitcoins that miners provide in respect to total number of bitcoins already in circulation. And don't forget to take into account that the miners' supply constantly adds to this number (i.e. continuously decreasing the ratio till the next halving)

[NEWGOODOUBLE]

We can see by now that the past bitcoin halving is really having a good effect to bitcoin. The price has rised since that day maybe because the supply that will be mined will be lessened. It might not be the factor but the lessening of dumpers that are oftenly miners earning from mining who dump straight away has lessened bitcoin to dump.

believe it or not halving besides making the price to be high as it is today halving make the miners to be reduced
I do not know why it happened. but it gives a nice effect for bitcoin

[hase0278]

We can see by now that the past bitcoin halving is really having a good effect to bitcoin. The price has rised since that day maybe because the supply that will be mined will be lessened. It might not be the factor but the lessening of dumpers that are oftenly miners earning from mining who dump straight away has lessened bitcoin to dump.

believe it or not halving besides making the price to be high as it is today halving make the miners to be reduced
I do not know why it happened. but it gives a nice effect for bitcoin

It was mentioned in the quote though, but it happens because miners have lesser bitcoin to hold everytime they have succeeded and mining. Miners earning from mining who dump straight away has lessened bitcoin to dump. With lesser bitcoin to dump by them it means that the force that will counteract the buying force will be lessened. That's just my opinion though maybe there are other reasons.

[Kvazimoda]

It seems to me that for miners, it is not too good. If the complexity of Bitcoin mining is constantly growing, and the profit is reduced, it can be easy to lose interest in the production. Nobody wants to work for a small fee

[jaysabi]

I think the current raise in bitcoin can be attributed by block halving and other factors of course  and I guess we are just seeing the benefits of it.

No way, the next halving will occur at 2020, its far away to be from those event, at June we had the halving already and price went from 400 to 600 dollars, if were those you were refering. The halving is good for bitcoin as it make it get more value over time, if we remove the halving we will have a coin of pump and dump and just that.

Yeah that's true I remember when the last halving happened the price was really high that time. And I also agree if there's no halving bitcoin would have never been what it has been able to be today for sure. And by the next halving the price will be 5000$+ for sure or maybe more than that.

Next halving will happen at Saturday, 27 Jun 2020 which 3 years later. I agree it is good for bitcoin to limit the supply meanwhile the demand keep increase. Miners will generate less bitcoin but the fees should be enough as the price at that time maybe just like you said, reach $5000, my prediction around $3500 per BTC1. I hope the fees to send bitcoin doesn't exceed $0.5 or people will consider it is not cheap anymore even though it is affordable for some users.

If Bitcoin reaches prices like that, it will probably be probitively expensive to use it to transfer value any longer. Look at the fees right now, miners are increasingly demanding higher fees to even consider processing transactions. Current rates are around 100 sats/byte to process a lower priority transaction, which puts the average transaction price at 20k says for a simpler (low input/output) transaction. If Bitcoin ever reaches $5000, that would put the transaction fee at $1 per transaction, which is a ridiculous fee to pay for each transaction. Also consider that as rewards are reduced, miners demand more fees to compensate for the loss of income there. This transaction fee issue is only going to get larger in the future and become a major impediment to bitcoin growth.

[jaysabi]

In my opinion the halving is very good .as because of halving the price of bitcoins would go high up as the demand of bitcoin would increase.it is also done to make the price of bitcoin make more stable and i dont think it was any bad intentions.

Nope, Halving is not pure "good" effects on bitcoin because in the other side, Halving can be a risky event for bitcoin because it halves the block reward which will make the miners to earn less than they earn before and also if the prices dump after halving then it will be a hype for the other bitcoin users to sell their bitcoins too. Not all the times, the prices go up because it is always up to the investors,miners and hodlers.

No one is setting prices, it's purely a function of where supply meets demand of the traders across all the exchanges. Bitcoin is perhaps one of the most free-market goods available, and the volatility speaks to that with sentiment and rumor sometimes affecting the price more than it would in any other type of good. There's nothing supporting Bitcoin price except mass consensus, because Bitcoin doesn't fundamentally do anything another currency (digital or physical) can't also do much cheaper (fee-wise).

[deisik]

In my opinion the halving is very good .as because of halving the price of bitcoins would go high up as the demand of bitcoin would increase.it is also done to make the price of bitcoin make more stable and i dont think it was any bad intentions.

Nope, Halving is not pure "good" effects on bitcoin because in the other side, Halving can be a risky event for bitcoin because it halves the block reward which will make the miners to earn less than they earn before and also if the prices dump after halving then it will be a hype for the other bitcoin users to sell their bitcoins too. Not all the times, the prices go up because it is always up to the investors,miners and hodlers.

No one is setting prices, it's purely a function of where supply meets demand of the traders across all the exchanges. Bitcoin is perhaps one of the most free-market goods available, and the volatility speaks to that with sentiment and rumor sometimes affecting the price more than it would in any other type of good. There's nothing supporting Bitcoin price except mass consensus, because Bitcoin doesn't fundamentally do anything another currency (digital or physical) can't also do much cheaper (fee-wise)

I heavily disagree with your stance

And I assume that you will have to agree with mine. Fundamentally (I see your point, don't worry), the major difference is that Bitcoin is inherently coupled with a payment system. Basically, it is a currency and a payment system in its own right. Any other currency (apart from Bitcoin and its copycats) needs a separate payment system. In the case of fiat, it is a banking system and payment processors like Visa or PayPal which should be available to make transactions possible. Cash doesn't need a payment system altogether but that's what limits its use to a very narrow circle, so it is basically out of the question completely

[Antoshka]

Maybe this is good for those who are engaged in mining Bitcoins. But in general - is a good thing. Through this process, Bitcoin is always expensive, and the price for it will grow

[deadpoolx]

If there was no halving inflation would always be very high, and this would not only be a problem for people holding it, but would also be something that would drive away new investors. To take a deeper view of this, I think you should read some articles comparing an inflationary currency with a deflationary currency.

[Question123]

I think both the halving have good and bad effect. The good effect of halving the price of bitcoin is increasing high because during halving many people are holding their bitcoin .The bad effect is after halving they are possibility the bitcoin price is decreasing why? Because during halving the people their bitcoin and when people see the price high many of them are sell their bitcoin to make a profit. What if many people sell their bitcoin the price is crushes. That's my opinion only and my observation.

[PaymyBills]

Now we can see a little effect of last halving! This is a great tool to manage inflation

[NEWGOODOUBLE]

Maybe this is good for those who are engaged in mining Bitcoins. But in general - is a good thing. Through this process, Bitcoin is always expensive, and the price for it will grow

halving it will make mining revenue decreases in the future dude and finally no one did mine again because its not profitable anymore. by halving it makes prices rise

[asriloni]

Maybe this is good for those who are engaged in mining Bitcoins. But in general - is a good thing. Through this process, Bitcoin is always expensive, and the price for it will grow

halving it will make mining revenue decreases in the future dude and finally no one did mine again because its not profitable anymore. by halving it makes prices rise

But the miners will still get his reward through the transaction fees. And it's really worth with the price of bitcoin in the future caused by the halving.

[Gameroid]

Now we can see a little effect of last halving! This is a great tool to manage inflation

the previous halving was a very good effect it make the bitcoin price very stable and you can see that at that time the price of bitcoin was trading in a very very stable manner.