Halving is a profitable???

[~Bitcoin~]

Do you think that in this year halving is a profitable???

yes if price get around 40% increase before halving than it will be profitable for both coin holders and miners.

[1714958894]

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[jt byte]

The halving will be really profitable if it goes like everyone say but its of course still a prediction so its not sure.
I think the halving will let the price increase to a middle high amount soon or later.
We just need to have patient and wait for the halving, so we can see it with both eyes, I think the prediction will come true.

[RealMalatesta]

There's an interesting discussion going on regarding halving on the dev-list.

For those who are not reading the list, here a part of Lukejr's mail:

We are coming up on the subsidy halving this July, and there have been some
concerns raised that a non-trivial number of miners could potentially drop off
the network. This would result in a significantly longer block interval, which
also means a higher per-block transaction volume, which could cause the block
size limit to legitimately be hit much sooner than expected. Furthermore, due
to difficulty adjustment being measured exclusively in blocks, the time until
it adjusts to compensate would be prolonged.

For example, if 50% of miners dropped off the network, blocks would be every
20 minutes on average and contain double the transactions they presently do.
Even double would be approximately 850-900k, which potentially bumps up
against the hard limit when empty blocks are taken into consideration. This
situation would continue for a full month if no changes are made. If more
miners drop off the network, most of this becomes linearly worse, but due to
hitting the block size limit, the backlog would grow indefinitely until the
adjustment occurs.

There's a lot of interesting input, here's part of Bryan Bishop's response:

# Have miners gradually reduce their hashrate instead of using a step
function cliff

adam3us recently proposed that miners who are thinking of turning off
equipment should consider gradually ramping down their hashrate, as a show
of goodwill (and substantial loss to themselves, similar to how they would
incur losses from no longer mining after the halving). This is not
something the consensus algorithm can enforce at the moment, and this
suggestion does not help under adversarial conditions. Since this
suggestion does not require a hard-fork, perhaps some effort should be made
to query miners and figure out if they need assistance with implementing
this (if they happen to be interested).

We all know: Prediction is very difficult, especially about the future.... So halving may be profitable - or not 

[Yakamoto]

The halving is most likely going to increase the value of Bitcoin, yes, but there is still the possibility that a majority of the price differential has already been priced in, and we might not see a major leap when the halving does come around.

[FlyingSaucer]

If the price increases after the halving and people buy coins before the halving yes it will be profitable  But of course it could go up and then go down and you will be in loss.

[QuestionAuthority]

The upcoming mining reward drop will only be profitable for you if two things occur. One, you must be holding btc purchased before the reward drop. Two, the system actually works as expected and the price drastically increases in response to the reward drop.

The first one depends on you, the second one depends on dozens of variables happening as expected.

I don't personally believe miners will just switch off right at the point of the reward drop. The weakest miners will slowly switch off over a period of several months allowing the difficulty to drop slowly. Transaction fees will be increased to make up at least some of the lost mining revenue. This will allow a gradual stability to be achieved where eventually the price will stabilize at an increased exchange rate. However, the exchange rate has historically been volatile and subject to unpredictable swings caused by hundreds of variables totally unrelated to mining so it really is anyone's guess. 

[Za1n]

There's a lot of interesting input, here's part of Bryan Bishop's response:

# Have miners gradually reduce their hashrate instead of using a step
function cliff

adam3us recently proposed that miners who are thinking of turning off
equipment should consider gradually ramping down their hashrate, as a show
of goodwill (and substantial loss to themselves, similar to how they would
incur losses from no longer mining after the halving). This is not
something the consensus algorithm can enforce at the moment, and this
suggestion does not help under adversarial conditions. Since this
suggestion does not require a hard-fork, perhaps some effort should be made
to query miners and figure out if they need assistance with implementing
this (if they happen to be interested).

The bolded part make no sense. Shutting miners down is a known expense and any profit/losses at that point in time are locked in. Goodwill mining after it becomes profitable means incurring additional losses, or giving up existing profit. Good luck in getting people to do that. A more realistic goal would be to get the pools/miners to fill the current blocks, quite a few are still being mined with minimal transactions included. So I am to keep mining to reward these types, yeah right...

[SFR10]

Most likely it will be profitable due to a huge potential of gaining value afterwards (some say due to getting half the reward, the price will double it's value but I think only 25% will be the outcome) and also as someone who used to mine in the GPU days (I'm looking forward in case many of users switch off their miners up until the point were it would be profitable to mine with GPU although the chances of many switching it off would be very minimal).

[aardvark15]

I assume that you mean the price could go up because of the halving.  That's what most people are saying.  I've also heard that the price could already have adjusted in advance so it's hard to tell.

[WhatTheGox]

Do you think that in this year halving is a profitable???

As many people who make money will lose money, very hard to answer. Those with bitcoin likely win, those without lose.  Or you could say it just keeps us all distracted on bitcoin while some other better opportunity lurks.

[lite]

Yes, the price will double to 800$

I hope it does. even if the price rises to 600$ it will be very profitable for me.

[Ubertroco]

The price will rise pre halving. and might rise again months after it. not in the day itself

[tobacco123]

Halving is just one of the many factors that may affect the price. If most people think the price will increase (=profitable), the price should have increased by now- it is only about 4 months from the actual halving.

I guess most people are still in the "wait-and-see" mode so it is going to be exciting in the coming months.

[nickenburg]

Halving is just one of the many factors that may affect the price. If most people think the price will increase (=profitable), the price should have increased by now- it is only about 4 months from the actual halving.

I guess most people are still in the "wait-and-see" mode so it is going to be exciting in the coming months.

It is true that more factors affect the price but 1 of the most important I think is the amount of bitcoin that is being offered on the market.
If just everyone will hold his Bitcoins then the price would rise a lot, But I sense a lot of people see it as a quick way to buy and sell Bitcoin.
And then make some money of it.
But I don't think we should already see a big price increase just because the halving is in 4 months, we will see it later what it will do to the price.
But ye Exiting months ahead I agree.

[calkob]

as has already been said the is no guarantee that it will push the price up,  i would expect it to,  but it also might have the effect of putting some miners out of business which means the price wont move but mining would become more centralised.  we will see

[Bitcoinbro]

There's an interesting discussion going on regarding halving on the dev-list.

For those who are not reading the list, here a part of Lukejr's mail:

We are coming up on the subsidy halving this July, and there have been some
concerns raised that a non-trivial number of miners could potentially drop off
the network. This would result in a significantly longer block interval, which
also means a higher per-block transaction volume, which could cause the block
size limit to legitimately be hit much sooner than expected. Furthermore, due
to difficulty adjustment being measured exclusively in blocks, the time until
it adjusts to compensate would be prolonged.

For example, if 50% of miners dropped off the network, blocks would be every
20 minutes on average and contain double the transactions they presently do.
Even double would be approximately 850-900k, which potentially bumps up
against the hard limit when empty blocks are taken into consideration. This
situation would continue for a full month if no changes are made. If more
miners drop off the network, most of this becomes linearly worse, but due to
hitting the block size limit, the backlog would grow indefinitely until the
adjustment occurs.

There's a lot of interesting input, here's part of Bryan Bishop's response:

# Have miners gradually reduce their hashrate instead of using a step
function cliff

adam3us recently proposed that miners who are thinking of turning off
equipment should consider gradually ramping down their hashrate, as a show
of goodwill (and substantial loss to themselves, similar to how they would
incur losses from no longer mining after the halving). This is not
something the consensus algorithm can enforce at the moment, and this
suggestion does not help under adversarial conditions. Since this
suggestion does not require a hard-fork, perhaps some effort should be made
to query miners and figure out if they need assistance with implementing
this (if they happen to be interested).

We all know: Prediction is very difficult, especially about the future.... So halving may be profitable - or not 

Well most likely it will be profitable but indeed the bitcoin is very unpredictable so its also a matter of time before we really know it.
I have a good feeling about the halving but just have patience and see what is coming.

[romero121]

Halving is just like a boosting of the bitcoin price. On halving the price gets a steep price increase and decreases gradually to a limited price and gets stabilized giving users a worthy profit.

[bitlancr]

You never know what will happen later in the future. But I think that Bitcoin will rise later in the future. And that will be good hopefully.
But it is very hard to predict for what is going to happen. But you can also see that the price is rising slowly.

[socks435]

Like other said after halving all people and traders if they have a large amount of bitcoin it is profitable also the miners after having it will profitable..
But i really don't know what will happen in that time because there's a chance that if the price will rise in double.. i think more trader will continues to dump until the price will be back again into 300 below..

[DimensionZ]

I have my fears the price rise will happen right before the halving then it will plateau and will slowly start a downward spiral again until the next pump. I am not sure if I should buy coins now or after the halving but I may very well be wrong with my expectations.