jpawesome78 (OP)
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April 21, 2016, 02:24:58 AM |
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Do you guys think the law of Supply and Demand has a great effect with the halving? Or its a different thing, what if because of the halving, less miners would be interested and hence less supply of bitcoin, making people less interested. I'm just stating what I think, how about you?
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tobacco123
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April 21, 2016, 02:42:33 AM |
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There are too many post on this topic.
Bitcoin reward halving is going to affect the "Supply", but other factors, such as increasing blocksize/hard/soft fork, will affect user confidence and affect the "Demand". It is going to be a complex equation. So just sit back relax and enjoy the ride.
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SFR10
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April 21, 2016, 03:08:11 AM |
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Surely that law has it's normal effect of increase in worth when there is increase in demand with tightening of the supply itself. Miners won't be less interested but those that own old mining rigs have to turn off their rigs due to not being on the profit side (any longer) but there's also the possibility of it's value going way up that as result keeps miners running their old rigs for extended period of time.
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pooya87
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April 21, 2016, 03:13:06 AM |
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Do you guys think the law of Supply and Demand has a great effect with the halving? Or its a different thing, what if because of the halving, less miners would be interested and hence less supply of bitcoin, making people less interested. I'm just stating what I think, how about you?
i believe that the supply and demand here is very effective but it is not the only reason that can change the price. apart from supply being lower you should keep in mind that miners (who are the people receiving the block reward that is being halved) will not sell their coins if the price is low hence decreasing the supply on the market even more.
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~Bitcoin~
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April 21, 2016, 03:15:11 AM |
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I can't get your point by the way. If supply drop than there is no point for drop in demand. IF demand remain same which will or even it will increase after halving where as supply will be halved. This will surely gonna increase the bitcoin price.
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draceus
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April 21, 2016, 03:29:14 AM |
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Do you guys think the law of Supply and Demand has a great effect with the halving? Or its a different thing, what if because of the halving, less miners would be interested and hence less supply of bitcoin, making people less interested. I'm just stating what I think, how about you?
yeah this is correct when bitcoin halving that time direct effect on bitcoin user and worth bitcoin more customer leave a bitcoin using and many people think about bitcoin not good and that is not good for bitcoin future
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mirana12345
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April 21, 2016, 03:47:20 AM |
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U're getting it wrong, supply of bitcoins isn't related to "less" miners because supply is always the same, no matter the amount of miners (they just get less per miner). The only thing that's affecting supply is that halving, and it's actually quite clever to make it so, because it gives people the incentive to stay, invest , and be a part of it much longer.
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vinaha
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April 21, 2016, 05:20:53 AM |
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Right now demand is keeping up with the supply. Hence the stability. Resolve the block issue and the demand will be greater than the current supply. Cut the supply in half and the demand will be far greater than the supply. Face reality that there are not that many Bitcoin left to enter circulation, and demand will skyrocket.
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vinaha
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April 21, 2016, 05:22:21 AM |
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There are too many post on this topic.
Bitcoin reward halving is going to affect the "Supply", but other factors, such as increasing blocksize/hard/soft fork, will affect user confidence and affect the "Demand". It is going to be a complex equation. So just sit back relax and enjoy the ride.
Not enough posts on this topic. The excitement hasn't started yet.
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gtglener
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April 21, 2016, 05:27:45 AM |
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Do you guys think the law of Supply and Demand has a great effect with the halving? Or its a different thing, what if because of the halving, less miners would be interested and hence less supply of bitcoin, making people less interested. I'm just stating what I think, how about you?
if the demand is increased and the supply is decreased then with that the price of bitcoin will be increased to much height, we can expect a much higher price of bitcoin if halving gone to occur, but I think the supply will not be reduced as many of the people have their coins holded for to supply at the time of halving.
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mickiya
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April 21, 2016, 05:28:41 AM |
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Do you think this kind of threads will have an effect on bitcoin? I have seen a bunch of same thread created over and over again daily. Just wait for halving to happen and see how things will work out.
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vinaha
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April 21, 2016, 05:41:28 AM |
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I think the price will peak out before the halving. After the halving the hodlers will dump their coins. After that has flushed out, the true rise of Bitcoin will happen next year some time.
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KenR
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April 21, 2016, 06:00:39 AM |
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The entire bitcoin speculation obey's the rule or say indirectly depends on demand and supply.Halving is something else.The reward of miners decreases which in-turn makes a few miners less interested in mining but NOT all of them.The reward still exists.Miners fees has to be paid so don't think it will cause any big impact to be worried about.
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bestluck
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April 21, 2016, 06:06:48 AM |
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I think it will have a good effect on halving and the price increase, as with that the price will increase to more high amount. but at the time of halving we can see a much boost up in the price.
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Bemerand
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April 21, 2016, 06:13:35 AM |
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Right now demand is keeping up with the supply. Hence the stability. Resolve the block issue and the demand will be greater than the current supply. Cut the supply in half and the demand will be far greater than the supply. Face reality that there are not that many Bitcoin left to enter circulation, and demand will skyrocket.
I just hope the demand will be still there after the halving. The price should also rise slowly, not pump and dump.
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Vaskiy
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April 21, 2016, 07:11:46 AM |
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Right now demand is keeping up with the supply. Hence the stability. Resolve the block issue and the demand will be greater than the current supply. Cut the supply in half and the demand will be far greater than the supply. Face reality that there are not that many Bitcoin left to enter circulation, and demand will skyrocket.
I just hope the demand will be still there after the halving. The price should also rise slowly, not pump and dump. Yeah the demand for bitcoin is growing day by day as price is going to skyrocket, we can see only price ups and hope every users will enjoy halving, wishing this to continue ever.
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ultimatesky
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April 21, 2016, 07:27:45 AM |
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The Bitcoin havling can be a good thing and a bad thing. For the people that want to buy bitcoins this is a good thing because the price will get halved so the coins get cheaper. If you want to sell this is less good news.
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doublemore
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April 21, 2016, 07:34:15 AM |
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The entire bitcoin speculation obey's the rule or say indirectly depends on demand and supply.Halving is something else.The reward of miners decreases which in-turn makes a few miners less interested in mining but NOT all of them.The reward still exists.Miners fees has to be paid so don't think it will cause any big impact to be worried about.
Yeah and 50% of miners would have to turn off and become uninterested in bitcoin for the price not to rise right, its quite hard to find any single miner who could suddenly drop bitcoin addiction over night.
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BitcoinSupremo
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April 21, 2016, 07:39:01 AM |
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I think it will increase in price, in fact it has already started and I am very glad that the price of bitcoin is more than 440 USD now, quite a good price in my opinion. By the way many miners will inevitably shut off because of difficulty increase, but good thing 14 mm or 16 mm are on our way which you should make it good again. We can only wait and see, not much we can do.
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NordicRanger
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April 21, 2016, 07:59:55 AM |
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The Bitcoin havling can be a good thing and a bad thing. For the people that want to buy bitcoins this is a good thing because the price will get halved so the coins get cheaper. If you want to sell this is less good news.
Yeah the halving gives people a opportunity but takes it away for some people at the same time. So if you are waiting to sell coins the halving is not good for you because you will get less money then normal.
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