UngratefulTony
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Activity: 115
Merit: 10
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April 08, 2016, 03:25:15 PM |
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Escalating panic as intrepid BTCeanie investors see their final hope for getting rich off of revolutionary internet tokens slip away in a fog of apathy, misguided corporate capture, and irrelevance. Sad
The network keeps working just fine, industrial miners won't be hitting the switch, there will be no overloaded network death spiral.
That's the hilarious thing about Blockstream's high fee uncensorable settlement system... Without potential growth... investors shrug you off... and you have no capacity problem. Brilliant really, if the plan was to grift along on some VC mark's capital for a few years with your buddies.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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bakingbad
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April 14, 2016, 12:24:36 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.
yes you are correct, if price won't rise at all or there will be small rise only, then miners probably will leave mining as their job won't be profitable anymore but i am pretty sure that price will rise, or even if it won't rise because of sellers, and miners will leave job, then new miners will come and they should replace old ones |
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slap
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April 14, 2016, 05:02:51 PM |
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SiNeReiNZzz
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Activity: 1022
Merit: 1043
αLPʜα αɴd ΩMeGa
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April 14, 2016, 05:40:01 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.
I think because the miners already large investments have made, no one will stop mining ... the price will rise ... I am sure...  |
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The Sceptical Chymist
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Activity: 3332
Merit: 6826
Cashback 15%
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April 15, 2016, 01:10:28 AM |
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Bitcoin halving is already priced in. Bitcoin total supply is 21 million everyone knows that so all future halvings are priced in.
Ethereum will grow market cap as bitcoin stagnates. Hopefully the chinese miners go bust after halving which should do bitcoin a favour.
no the bitcoin halving is not priced in anymore, because the diff doubled basically, it was priced in when the diff was 70B now 140B+ so there is the need for another increase for the miners, to have the same profit as before Ok would you care to detail a bit? I didn't understand you at all xD What's the diff? He is a fucking idiot. Bitcoin halving is priced in. Difficulty is just a function of the number of miners. Just means they will be even more fucked when the halving happens. Buy ethereum guys. Yeah I'm totally not buying ethereum. My position is still that the halving is priced in, but I'm staying tuned anyway. Glad some people agree with me but it seems a lot of people don't believe in even weakly efficient markets. |
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nostal02
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April 15, 2016, 06:49:59 AM |
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If there will be no price increase that will happen after the halving then bitcoin might collapse but that will not happen as the past halving has happen there was an increase.
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DashCoinDark
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April 15, 2016, 07:10:12 AM |
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Many people will get mad and that is because they want to make some profit in a fast time and the meaning of a halving is also that the price must rise.
And if that will not happen that there will be a lot of people will get disappointed and that would be bad for them.
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adomers
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April 15, 2016, 09:57:30 AM |
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Many people will get mad and that is because they want to make some profit in a fast time and the meaning of a halving is also that the price must rise.
And if that will not happen that there will be a lot of people will get disappointed and that would be bad for them.
Small time miners would probably halt their operations since the amount of bitcoins they get in mining cannot compensate their operating costs. |
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sured44
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April 15, 2016, 10:00:52 AM |
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Many people will get mad and that is because they want to make some profit in a fast time and the meaning of a halving is also that the price must rise.
And if that will not happen that there will be a lot of people will get disappointed and that would be bad for them.
Small time miners would probably halt their operations since the amount of bitcoins they get in mining cannot compensate their operating costs. the difficulty has gone up to insanely high levels. Even if some larger miners shut down their mining operations, then the difficulty will still be very high. The difficulty almost doubled in the last 2 months and will continue to go up. Till now the largest mining farms have had enough time to earn back their invested hardware money. |
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Rune
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April 15, 2016, 10:18:32 AM |
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if bitcoin does not go up then people who bought to sell when it goes up will dump.
and if it dumps hard enough plus the halving of the reward miners will have to shut down
could be a problem
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Nimbulan
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April 15, 2016, 01:03:32 PM |
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if bitcoin does not go up then people who bought to sell when it goes up will dump.
and if it dumps hard enough plus the halving of the reward miners will have to shut down
could be a problem
well you are right, people are willing to make huge money right now because of a huge price increase that it possibly might happen and they would start dumping it if the price wont grow i hope there will be at least some kind of an increase in order to give us a lot of money and for bitcoin not to start failing because of huge dumping what would be really bad in my opinion |
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DashCoinDark
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April 15, 2016, 01:34:48 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.
I think because the miners already large investments have made, no one will stop mining ... the price will rise ... I am sure... Than there will be a lot of people that will get mad because they want to make profit with Bitcoin in a fast time and some people are depended on the value of Bitcoin. Many people says that the value will keep stable after the halving so many people will get not that happy. |
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asrilani
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April 16, 2016, 11:34:16 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.
I think because the miners already large investments have made, no one will stop mining ... the price will rise ... I am sure... Than there will be a lot of people that will get mad because they want to make profit with Bitcoin in a fast time and some people are depended on the value of Bitcoin. Many people says that the value will keep stable after the halving so many people will get not that happy. If the price is stable, more people will use it. So the price will rise. I just want the price to rise slowly. |
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sidrab14
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April 16, 2016, 02:32:58 PM |
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difficulty is always balancing everything, yes. This is based on a period in which 2016 blocks are found - this should take roughly 14 days, or about 10 minutes per block. If, on average, it takes more than 10 minutes per block then difficulty will decrease proportionately.
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valta4065
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April 26, 2016, 09:02:43 AM |
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Well there will be no price rise after the halving. Why would there be any rise?
I nknow the supply will shrink that's right... But what's important is that so many people already stored btc in order to sell after the halving that it doesn't really matter! The shrinking supply will be compensated by the enormous amount of people ready to sell :3
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Juhagic
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April 28, 2016, 03:58:50 PM |
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Well there will be no price rise after the halving. Why would there be any rise?
I nknow the supply will shrink that's right... But what's important is that so many people already stored btc in order to sell after the halving that it doesn't really matter! The shrinking supply will be compensated by the enormous amount of people ready to sell :3
It depends on if there are new users of the bitcoin. If there is no new application of the bitcoin, the price will not rise. |
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sase007
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April 28, 2016, 04:08:36 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.
At the start of Bitcoin's life it was worth nothing and was still being mined. There would still be people such as students in University that would use Bitcoin to get money even small amounts would help them and oter peole own lots of Bitcoin so they would want to keep the blockchain going so there is lots of money for them surely. |
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Qatuca
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May 11, 2016, 07:55:33 PM |
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In the last halving, the price did not change much during the halving. If it happens this time, it just mean the price has already reflected the halving.
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Herbert2020
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Merit: 1137
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May 12, 2016, 06:21:36 AM |
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Well there will be no price rise after the halving. Why would there be any rise?
I nknow the supply will shrink that's right... But what's important is that so many people already stored btc in order to sell after the halving that it doesn't really matter! The shrinking supply will be compensated by the enormous amount of people ready to sell :3
It depends on if there are new users of the bitcoin. If there is no new application of the bitcoin, the price will not rise. there is always new applications for bitcoin which will always continue bringing new people into bitcoin. if you follow the news more often you will see these applications in real world. in my opinion two of the biggest news recently was the steam accepting bitcoin and also the release of OpenBazzar. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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