The Halving - Good or Bad for Bitcoin?

[agamasrori]

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

Yes I agree with that. halving is one of the things that make bitcoin better than fiat. if bitcoin can be printed continuously like fiat money, inflation will get to make bitcoin become worthless. will come when there is no more bitcoin can in mine, and all that remains is deflation.

[RastMan]

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

Yes I agree with that. halving is one of the things that make bitcoin better than fiat. if bitcoin can be printed continuously like fiat money, inflation will get to make bitcoin become worthless. will come when there is no more bitcoin can in mine, and all that remains is deflation.

I think it is not the halving, but the final limit of the coins, which is 21 million.

[inashed]

I think 100% premining would be better, since deflation sucks.

Also people here are doing a mistake, the coin will end because of 21000000.00000000 limit not the halving, you could have deflation without halving, and the coin would be fully distributed at the moment of the second halving (because from the first halving to second one, all the reamaining half of the coins would be distributed because there is no halving).


Also halving could be done with other ways, instead of reducing the reward, at the second halving, the blockchain would generate an random number between 1 and 2 and only give the 50 bitcoins rewards if the number generated was 1, at the second halving the number would be a number between 1 and 4 and this goes on.....

[elisabetheva]

halving is clearly very beneficial for the development of bitcoin and as long as there are still many seeking and holding it, bitcoin will always be used as a future investment.
looking at the past experience of halving, the movement of bitcoin a year later reached its peak and reached a very high rate. that the forecast will also be possible for halving at this time, and in 2021 then bitcoin will peak again and is likely to be even higher in bitcoin prices when it peaks in 2017.

[BigBos]

halving is clearly very beneficial for the development of bitcoin and as long as there are still many seeking and holding it, bitcoin will always be used as a future investment.
looking at the past experience of halving, the movement of bitcoin a year later reached its peak and reached a very high rate. that the forecast will also be possible for halving at this time, and in 2021 then bitcoin will peak again and is likely to be even higher in bitcoin prices when it peaks in 2017.

Well, maybe it is beneficial for some parties. it's just that, if the price of bitcoin does not increase, it will harm solo miners. however, at present almost everything will rise in price, including electricity and other costs. halving makes bitcoin slower to be mined. however, if the price does not rise, then it might be bad for some people.

[deisik]

halving makes bitcoin slower to be mined. however, if the price does not rise, then it might be bad for some people

It may be bad for some people

And good for some other people (who are shorting Bitcoin, for instance). And halving doesn't affect times between network confirmations. It may affect them if the hash rate drops abruptly because of it, but this impact will be temporary anyway. In a weak or so (on average) the difficulty will readjust, and everything will be back to normal. Bitcoin already accounts and allows for such things

[Lynfax]

halving makes bitcoin slower to be mined. however, if the price does not rise, then it might be bad for some people

It may be bad for some people
And good for some other people (who are shorting Bitcoin, for instance). And halving doesn't affect times between network confirmations. It may affect them if the hash rate drops abruptly because of it, but this impact will be temporary anyway. In a weak or so (on average) the difficulty will readjust, and everything will be back to normal. Bitcoin already accounts and allows for such things

you're right it might be beneficial for some type of traders
But overall bitcoin is bothered by halving, not boosted by it
Because, as it was said, transaction time goes up, fees go up, because of obviously miners close their btc mines and so on
Imo bitcoin has some sort of expiration date and this date is somewhere in this decade

[Rengga Jati]

the previous halving was a very good effect it make the bitcoin price very stable -snip-

Do all investors or holders expect for the stable price on Bitcoin after halving? NO, if the price tends to be stable after halving, then it is categorized as negative impacts. All holders have been preparing everything and waiting for the big rise in Bitcoin price. They all hope for a significant raise after halving. But unfortunately, the current price seems rather stable and still cannot reach another level ($10,000). This may happen because many investors or holders already took profits once they saw the price meets their targets.

[deisik]

But overall bitcoin is bothered by halving, not boosted by it
Because, as it was said, transaction time goes up, fees go up, because of obviously miners close their btc mines and so on

Someone saying something doesn't make it right

Transaction times can go up due to halving in very specific cases, and as I said, this effect can only be temporary and passing. If fees are going to rise, people will start to use some other cryptocurrency. The truth is that Bitcoin copycats (like Litecoin and Bitcoin Cash) are not much worse than the original Bitcoin, at least on purely technical grounds. But seriously, why what I say should have lower weight?

Imo bitcoin has some sort of expiration date and this date is somewhere in this decade

That's an interesting idea. And how do you picture it in practice?