hitchingAride (OP)
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December 18, 2015, 01:38:08 AM |
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Will the value of bitcoin go up because of halving to mining reward or will this cause a crash?
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greed, for lack of a better word, is good.
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cr7
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December 18, 2015, 01:42:08 AM |
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The same way as the halving affect all cryptcoins: by a pump.
Only thing left to discussion is the size and exact timing
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tobacco123
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December 18, 2015, 01:56:22 AM |
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The bitcoin value will definitely go up, as the miner will be selling (all or part of) their reward to pay for the expenses. If the price remains, they will not be able to survive.
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mobnepal
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December 18, 2015, 03:33:54 AM |
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Yes the one who sell coin daily are the bitcoin miners and if they will get only half amount of bitcoin as reward after halving. Bitcoin must be pumped almost double to around 1k to compensate expense of mining.
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The Sceptical Chymist
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December 18, 2015, 03:39:06 AM |
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This is what I don't understand, and I've posted this in another thread about the same thing: I think the price of bitcoin already reflects the halving. It's not a surprise, and so there should be no reaction to it once it happens.
Does that make sense? I'm not a huge believer in the efficient market hypothesis, but I think it should be true for this.
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USB-S
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December 18, 2015, 03:40:48 AM |
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halving itself doesn't, some people will pump the price up though. However I think that the price will be saturated at least a month before the halving or even sooner.
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Rubberduckie
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December 18, 2015, 04:12:50 AM |
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mining machines will have to double in speed or cost half the price unless bitcoin rockets higher which is what i think / hope will happen. I would love to see $1000 again.
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OmegaStarScream
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December 18, 2015, 07:49:56 AM |
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Yes the one who sell coin daily are the bitcoin miners and if they will get only half amount of bitcoin as reward after halving. Bitcoin must be pumped almost double to around 1k to compensate expense of mining.
It can't get pumped , at least not to 1000$ like you said . Halving will get the new mined coins halved (12.5 BTC) instead of (25 BTC) and not the existent one , so a 100% increase on the price is impossible to happen .
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Amph
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December 18, 2015, 07:51:11 AM |
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the value will be affected through hype, which will increase the so called "random demand", and because miners want to save their ass because it's their business, they can even pump the value themselves
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Blerand
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December 18, 2015, 08:33:46 AM |
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Halving can reduce the newly "minted" coins to the market, so the new money required to support the price will be reduced.
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eternalgloom
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December 18, 2015, 08:40:23 AM |
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The value will definitely rise because of hype at first, there might even be a small crash afterwards, but over time it will increase again. This is what I don't understand, and I've posted this in another thread about the same thing: I think the price of bitcoin already reflects the halving. It's not a surprise, and so there should be no reaction to it once it happens.
Does that make sense? I'm not a huge believer in the efficient market hypothesis, but I think it should be true for this.
I dunno, I could see some kind of snowball effect where, because of mainstream media coverage, there could be increased interest with the general public, causing another bubble.
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odolvlobo
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December 18, 2015, 09:04:39 AM |
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Yes the one who sell coin daily are the bitcoin miners and if they will get only half amount of bitcoin as reward after halving. Bitcoin must be pumped almost double to around 1k to compensate expense of mining.
... or the cost of mining drops as the least efficient miners stop mining and the difficulty goes down.
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Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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Oscoda
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December 18, 2015, 09:10:54 AM |
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People say that it goes up and some say it goes down and some say it goes down and than it goes up. For me I just want to see bitcoin at 800 dollar before halving. We will see what well happen to bitcoin after the halving.
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HarryKPeters
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December 18, 2015, 09:15:30 AM |
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I expected the slight rise to 400 a few months ago. But that rise should happen around march/april, not in oktober. Since some parties involved. wanted a higher before the year closing, i still thng we will see a rise but to 500 max.
500 USD Is a nice price compared to the 250 usd we were in.
250 USD > 25 BTC per block 500 USD > 12.5 BTC per block
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neochiny
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December 18, 2015, 09:28:08 AM |
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Will the value of bitcoin go up because of halving to mining reward or will this cause a crash?
I didnt experience halving yet... but in my understanding...when we go to halving, we will indeed have a price increase but we still dont know how big it is. and also i believe that in halving it is not like. example todays bitcoin price is 400 then tomorrow it will be 1000. maybe it will some slowly increase like 50-$100 each increase... well its just my understanding.and also i doubt it that it will become $1000 per btc.
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Amph
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December 18, 2015, 11:39:32 AM |
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Yes the one who sell coin daily are the bitcoin miners and if they will get only half amount of bitcoin as reward after halving. Bitcoin must be pumped almost double to around 1k to compensate expense of mining.
no this is not true, at all the current value is more than enough to sustain any mining activity with 0.05 cent of electricity and a s7 miner in action also no one said that miners are currently dumping half of the coins mined(1800), maybe they are only dumping 1/4, which mean that after the halving nothing will really change by this point of view....
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jt byte
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December 18, 2015, 02:31:06 PM |
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Before the halving happens I think we will reach around the 500 to 800 dollars. When the halving comes we will see a high chances that bitcoin will grow to 1000 dollars.
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gkv9
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December 18, 2015, 02:34:30 PM |
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Bitcoins' value will depend not only on people like us who earn it with different ways, but on the miners themselves as if they decide to just sell their coins after mining with the fear of getting dumped in future, then we might see a crash, else there's a huge possibility of Bitcoins to boom...
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tyz
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December 18, 2015, 03:32:43 PM |
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I have asked a similar question some months ago https://bitcointalk.org/index.php?topic=1074504.0I personally expect a constant value increase of Bitcoin price after halving. Currently, there are generated more than 3000 Bitcoins a day and the price keeps stable or even is increasing slowly. After halving, the daily Bitcoins generation will be around 1500 Bitcoins. If you understand the principle of offer and demand, you can imagine how this will affect the price development.
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lumeire
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December 18, 2015, 03:37:58 PM |
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With all these hype regarding the pump at the halving I'm beginning to see a lot of people will be disappointed when the time comes.
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