Ludwish
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April 02, 2016, 08:34:12 AM |
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If mining is dead... then Bitcoin is dead? I do not think so. Probably some will keep on mining even at a loss expecting the price to raise, and others will held nodes even though there isn't miners (they are doing that already I guess). Bitcoin will be interesting to use even at the actual prices or lower.
If there is no PoW mining, Bitcoin can convert to PoS mining. It will also save a lot of energy for the planet. the enery of the mining is what give in part, the value to bitcoin, so it's beneficial and not a waste like many think there are other major wast on the planet and no one is talking about them If mining is dead... then Bitcoin is dead? I do not think so. Probably some will keep on mining even at a loss expecting the price to raise, and others will held nodes even though there isn't miners (they are doing that already I guess). Bitcoin will be interesting to use even at the actual prices or lower.
If there is no PoW mining, Bitcoin can convert to PoS mining. It will also save a lot of energy for the planet. If bitcoin turn to Pow its price will surely drop as the difficulty of gaining bitcoin is not that hard. bitcoin is already pow, what are you talking about? I think he means PoS. The cost of PoS is lower than the PoW, so people tend to dump more PoS coins. |
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Amph
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April 02, 2016, 10:13:08 AM |
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If mining is dead... then Bitcoin is dead? I do not think so. Probably some will keep on mining even at a loss expecting the price to raise, and others will held nodes even though there isn't miners (they are doing that already I guess). Bitcoin will be interesting to use even at the actual prices or lower.
If there is no PoW mining, Bitcoin can convert to PoS mining. It will also save a lot of energy for the planet. the enery of the mining is what give in part, the value to bitcoin, so it's beneficial and not a waste like many think there are other major wast on the planet and no one is talking about them If mining is dead... then Bitcoin is dead? I do not think so. Probably some will keep on mining even at a loss expecting the price to raise, and others will held nodes even though there isn't miners (they are doing that already I guess). Bitcoin will be interesting to use even at the actual prices or lower.
If there is no PoW mining, Bitcoin can convert to PoS mining. It will also save a lot of energy for the planet. If bitcoin turn to Pow its price will surely drop as the difficulty of gaining bitcoin is not that hard. bitcoin is already pow, what are you talking about? I think he means PoS. The cost of PoS is lower than the PoW, so people tend to dump more PoS coins. this because pos is not backed by energy consumption for the mining activity, so there is no deterrent that allow everyone to hold for a reason, there is no incentive to hold with pos basically |
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7Priest7
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April 02, 2016, 11:51:23 AM |
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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.
Well if price won't rise at all then yes, miners will leave their jobs because they won't get any profit, so bitcoin would die unless new miners would start mining, but i don't think that price won't rise at all |
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greghansel89
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April 02, 2016, 01:01:34 PM |
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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.
Well if price won't rise at all then yes, miners will leave their jobs because they won't get any profit, so bitcoin would die unless new miners would start mining, but i don't think that price won't rise at all If the miners leave then the difficulty for mining the coin will drop significantly and the remaining miners will profit more from this. |
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nielaminda
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April 02, 2016, 02:02:07 PM |
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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.
Well if price won't rise at all then yes, miners will leave their jobs because they won't get any profit, so bitcoin would die unless new miners would start mining, but i don't think that price won't rise at all If the miners leave then the difficulty for mining the coin will drop significantly and the remaining miners will profit more from this. I think this is part of the program in bitcoin when there is less miners it will reduce the required difficulty to mine bitcoin,if this is true then miners who have faith will benefit more. |
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terman45x
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April 02, 2016, 02:05:54 PM |
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If we don't see price rise at the time of halving then majority of us will be very much disappointed as we have been waiting too long to see higher price of bitcoin.
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Red-Apple
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April 02, 2016, 02:12:23 PM |
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i don't think anything will happen even if the price rise that everybody is speculation doesn't happen at all.
with no price rise there will only be stable price around $420 and after a month or two it will reach $520 and more eventually as steady growth.
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Bit_Happy
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A Great Time to Start Something!
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April 02, 2016, 02:18:54 PM |
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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. Exactly, many people were thrilled to be mining when Bitcoins were $2 to $5. Bicoin isn't "dying off" especially if you consider where we used to be. |
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techgeek
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April 02, 2016, 11:33:01 PM |
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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. Exactly, many people were thrilled to be mining when Bitcoins were $2 to $5. Bicoin isn't "dying off" especially if you consider where we used to be. can you imagine their faces now at current value. I`d be similar to experience with the $1k feeling, and then imagine if we actually do hit $1k in 2016. That would be a mind blown situation all over again before the 1st $100 price was a huge thing back then. |
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nostal02
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April 03, 2016, 03:06:37 AM |
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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. Exactly, many people were thrilled to be mining when Bitcoins were $2 to $5. Bicoin isn't "dying off" especially if you consider where we used to be. can you imagine their faces now at current value. I`d be similar to experience with the $1k feeling, and then imagine if we actually do hit $1k in 2016. That would be a mind blown situation all over again before the 1st $100 price was a huge thing back then. I doubt that we will hit 1k again,that price back was really huge news to bitcoin user but then a scam has happened and the price drops rapidly. |
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alisafidel58
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April 03, 2016, 04:19:04 AM |
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If there is no price rise that will happen after the halving the user will be disappointed because they have been expecting so much about the price of bitcoin.
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Kollor
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April 03, 2016, 02:54:41 PM |
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If there is no price rise that will happen after the halving the user will be disappointed because they have been expecting so much about the price of bitcoin.
But they have no choice, except to accept it.. But the fact that the supply would be smaller after the halving, the price would surely increase as it cannot meet the demands...But the only thing that might make the price to go down again are those that will dump their coins...But I don't think that it will go down far...Absolutely there will be an increase... |
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btc-facebook
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April 03, 2016, 03:23:36 PM |
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I'm holding bitcoin as investation just like I did on gold. If there are no raising price, Mostly I'm kindda dissappointing and I'm bet that most people will feel the same.
But since I know the risk of holding bitcoin , I can bear of it and will keep holding it until the time has come !
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n0ne
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April 03, 2016, 03:38:20 PM |
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If there is no price rise that will happen after the halving the user will be disappointed because they have been expecting so much about the price of bitcoin.
If no price rise is observed on halving, most of the users get disappointed as they haven't experienced price rise for a long time. If some rise is experienced by the falling weeks users might be more excited. |
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Mr. Big
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April 04, 2016, 06:18:50 AM |
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If no price rise is observed on halving, most of the users get disappointed as they haven't experienced price rise for a long time. If some rise is experienced by the falling weeks users might be more excited.
That's true, if there is not price increase after the halving, then probably everyone will be disappointed and one thing is for sure everyone is holding their coins, and most probably that would make the price rise.. But I doubt it if there is no price increase after the halving.. |
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jjacob
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April 04, 2016, 02:15:20 PM |
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I'm holding bitcoin as investation just like I did on gold. If there are no raising price, Mostly I'm kindda dissappointing and I'm bet that most people will feel the same.
But since I know the risk of holding bitcoin , I can bear of it and will keep holding it until the time has come !
If most people feel disappointed, they will dump their coins. The price will further decline. We could get into a downward spiral. |
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Qatuca
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April 04, 2016, 06:37:38 PM |
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I'm holding bitcoin as investation just like I did on gold. If there are no raising price, Mostly I'm kindda dissappointing and I'm bet that most people will feel the same.
But since I know the risk of holding bitcoin , I can bear of it and will keep holding it until the time has come !
If most people feel disappointed, they will dump their coins. The price will further decline. We could get into a downward spiral. Immediately after the halving, the price might not rise a lot. The halving could have already priced in. |
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asrilani
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April 08, 2016, 02:09:36 PM |
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I'm holding bitcoin as investation just like I did on gold. If there are no raising price, Mostly I'm kindda dissappointing and I'm bet that most people will feel the same.
But since I know the risk of holding bitcoin , I can bear of it and will keep holding it until the time has come !
If most people feel disappointed, they will dump their coins. The price will further decline. We could get into a downward spiral. Immediately after the halving, the price might not rise a lot. The halving could have already priced in. That happened in 2012 halving. But within 1 year of halving, the price of bitcoin reached an all time high. |
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alyssa85
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April 08, 2016, 02:48:36 PM |
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If there is no price rise, the miners will push for the blocksize to be increased. Basically they can only make money if there are a lot of transactions in a block, which adds up to a lot of fees for them. People bypassing BTC and using other currencies to move money will hurt the BTC miners badly...
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jod_doj
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April 08, 2016, 03:15:43 PM |
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I'm holding bitcoin as investation just like I did on gold. If there are no raising price, Mostly I'm kindda dissappointing and I'm bet that most people will feel the same.
But since I know the risk of holding bitcoin , I can bear of it and will keep holding it until the time has come !
If most people feel disappointed, they will dump their coins. The price will further decline. We could get into a downward spiral. Immediately after the halving, the price might not rise a lot. The halving could have already priced in. i odubt that, the price is still pretty low in my opinion and has a lot of potential to grow right now as people are building price walls that will help the price grow during the halving i think that there will be a huge price jump during or just before the halving because people will be buying it like crazy in order to earn some good money for free |
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