What will happen if there's no price rise for the halfing?

[helloeverybody]

If the price doesnt rise then the miners stop mining because of  lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening?  Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

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[European Central Bank]

There will still be coins so there will be no shortage of miners. Even if the big farms close, which they won't because they're profitable way lower than the current price, older miners will take up the slack.

[amaclin]

Whats to stop this from happening?

nothing can be done.

[OmegaStarScream]

If the price doesnt rise then the miners stop mining because of  lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening?  Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

Miners have more coins then everyone else so they are the one who define the price (they won't sell if it's not profitable for them)  , beside ... logically Bitcoin price is based on Supply and demand , so It's impossible for the supply to get halved and the demand stays the same or rise and nothing at all happens to the price ...

[LiteCoinGuy]

If the price doesnt rise then the miners stop mining because of  lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening?  Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

dont worry about that. mining will always be profitable for some people on earth. some miners can even mine when the price is at 50-100USD because they dont pay for electricity at all.

[European Central Bank]

Miners have more coins then everyone else so they are the one who define the price (they won't sell if it's not profitable for them)  , beside ... logically Bitcoin price is based on Supply and demand , so It's impossible for the supply to get halved and the demand stays the same or rise and nothing at all happens to the price ...

The amount of coins being mined is only a small part of the daily volume of coins traded. It is significant but it's a long way from being a definitive part of the supply.

[helloeverybody]

If the price doesnt rise then the miners stop mining because of  lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening?  Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

dont worry about that. mining will always be profitable for some people on earth. some miners can even mine when the price is at 50-100USD because they dont pay for electricity at all.

But if the price drops down and only miners that can profit from 50-100 dollar coins  that dont pay electricity can mine then surely a big farm or pool could come in and commence a 50% attack due to lack of mining power?

[Amph]

the price already increase by 100% remember we were at 230, and even at 230 there was profit

again i'm doing the same math the millionth time, 1 s7 earn you $330 per month, and consume only $45 per month for the big farm that have 0.05 cent per hour

if the price was 230 or half of what it is today, still is 165 of profit vs 45 of consuming, now let's assume the diff will double, still $80 of profit vs $45 of consuming...

so the diff need to double and the price need to be 110 to have 0 profit, which is very very unlikely...in the end miners are fine

[Sir_lagsalot]

Maybe some miners will leave, and others will stay. Then the miners that left would see that the miners that are still mining are earning alot, then get back into mining. Then this cycle repeats every single halving.

Don't worry. The miners will make do. What is scary is the best halving. 6 BTC isn't much.

[Lauda]

People around here need to stop being pessimistic and worrying about every single potential outcome.

If the price doesnt rise then the miners stop mining because of  lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off.

This is wrong. Some miners leave -> difficulty adjusts -> mining is profitable again.

[worhiper_-_]

IMO it's possible that the halving is almost is probably going to have no positive effect on the price at the moment it hits. Sure there will be some speculation by traders and such but the price could stay the same as long as the miners find another way to sustain their activity. It's likely that many miners will be unplugged so they can reduce losses after the halving.

[okae]

this is unavoidable, the price will raise yes or yes, for traders this is a "great opportunity" and im pretty sure that they will not waste it.

Don't forget that bitcoin have not the same manipulation as fiat markets , so is very possible that the "surprise" will be grateful for all of the bitcoiners

hell, even if price don't raise up will be fine for some of us who can buy more bitcoin cheaper xD

[equator]

Miners have more coins then everyone else so they are the one who define the price (they won't sell if it's not profitable for them)  , beside ... logically Bitcoin price is based on Supply and demand , so It's impossible for the supply to get halved and the demand stays the same or rise and nothing at all happens to the price ...

The amount of coins being mined is only a small part of the daily volume of coins traded. It is significant but it's a long way from being a definitive part of the supply.

how can you tell that minners have more coins , when they are minning regularly then i dont think they will keep with them when ever their is a price rise they will sell, because they also have to maintain the cost of mining and all other expenses.

ya that is true that amount of coins mined is less then the coins are traded daily. so it is clear that their will be fluctuation in price always even if you are mining or not.

[helloeverybody]

IMO it's possible that the halving is almost is probably going to have no positive effect on the price at the moment it hits. Sure there will be some speculation by traders and such but the price could stay the same as long as the miners find another way to sustain their activity. It's likely that many miners will be unplugged so they can reduce losses after the halving.

I had a look back at the last halfing and it looked like it took a few months for the price to actually stabalise to suit. Im guessing the same would apply for this halfing and the next.

[gkv9]

Why everyone's being scared with the halving effect???
It just as normal as the current days that are getting passed out, it's just that the value of BTC that miners will be getting per block will get halved, so what's new???
And if the price won't rise, miners will either wait or leave, but that won't happen as there are many big firms involved in mining and they have many reasons except to get their coins sold at higher prices, they want BTC to be used everywhere and so, mining won't shut down all of a sudden...

[btckold24]

Asics just get faster and faster. I mean halving is basically the same as difficulty doubling which it has. So adjustments will
be made and mining machines will just get faster and faster. But I do think it will be going up.

[helloeverybody]

From my experience in bitcoin so far which is very limited, whenever the whole bitcoin community believes something is going to happen usually the complete opposite happens. i think this quote is used most often and kind of sums it up.

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful. 

[amaclin]

From my experience in bitcoin...

Trust to no one. Everybody here lies.

[Qatuca]

If the price does not rise due the halving, then bitcoin is more mature. The existing bitcoin is a lot more than the new bitcoin.

[Scorpian]

Then miners will quit their jobs. Because they won't be able to make any profit.