Previous bitcoin halving

[phreaky]

I wasn't around for the previous halving.
What happened to the price of bitcoin at the halving and can that be used to gauge this upcoming halving?

I believe that I also was not around when the halving happened that is why I am now even more excited to see the halving happening. Lets hope that it is happening soon because I am ready to make some moves.

[KaliLinux]

I wasn't around for the previous halving.
What happened to the price of bitcoin at the halving and can that be used to gauge this upcoming halving?

I believe that I also was not around when the halving happened that is why I am now even more excited to see the halving happening. Lets hope that it is happening soon because I am ready to make some moves.

Am not present on previous halving. I can guess from the BTC trend for past 2 years that the value has really raised to the top and leading this forum now. So I have some doubts about the halving. Is this calculated by how many users are there at the year end and value will be revised depends upon the users.

[Doms]

Interesting that the effect of the first halving didn't make the price skyrocket right away. It took a while before the price went up to $1000 but I don't know if that is a direct effect or attributable to the halving that happened. Now, in a month's time, we are going to witness another halving and we might or might not see price movements. Circumstances are different and that makes the anticipation all the more exciting.

[doublemore]

Interesting that the effect of the first halving didn't make the price skyrocket right away. It took a while before the price went up to $1000 but I don't know if that is a direct effect or attributable to the halving that happened. Now, in a month's time, we are going to witness another halving and we might or might not see price movements. Circumstances are different and that makes the anticipation all the more exciting.

Well we had a very small climb pre and after befor it took off.  I think the reason we had a double move is because the halving reminded people how scarce bitcoin was. So many months after when we went to $1000 from $12 the halving was still taking effect.  All the new people who join in next rally will be thinking about 2020 halving.

[bitboy11]

All the new people who join in next rally will be thinking about 2020 halving.

2020 Halving will be known as "Satoshi's Halving"...
This is when Satoshi will probably decide to halve his own coin supply!

[Enotche]

Historically, that the previous decline in awards for the block does not have a material impact on the price of Bitcoin. November 28, 2012 maynerskaya award for the first time decreased twice. Then bitcoin was worth about $ 13.4 and no immediate effect on the price of this event did not have any. Number of block 210 was 000. But in following this, in 2013, the year immediately Bitcoin experienced two price bubble, each of which swells cryptocurrency rate at least 10 times.

I found an old topic in the forum on this topic https://bitcointalk.org/index.php?topic=61334.0

[nanonymousx]

Can we say price has to double from 400, from example, 800, so that miners can make as much money as now?

[ning_chang]

Last bitcoin halving doesnt affect bitcoin too much. I think its because I think Last halving bitcoin users are few if you compare to now. Many bitcoin user will pump the bitcoin today, until the bitcoin halving

[franky1]

the month period after the last halving as the christmas period.. so ofcourse logically people were more interested in using their fiat to buy gifts. so there was not much activity in bitcoin.. but as soon as the new year arrived when mining pools start to react to the new years electricity bill and seeing less bitcoin stash, things changed. and the price started to react.

this summer we should not see as much of a lull straight after the halving. so expect there might be some movement much sooner this time
in 2012 it took 4 months to go from $11-$110

so a safe bet is 200% in less than 4 months... yep in not going to exaggerate and say 1000% in 4 months, as i said, go for a safe bet

knowing this, people(trading not mining) will want to get some "cheap" coins early. so dont leave it until the day of the halving to buy large hoards. because others would already have started.

there is no way of knowing when pools will react to the lack of bitcoin income after the halving, we are only speculating it will happen with less of a downtime than the last halving.. but from the traders point of view, they know it will happen at some point and so they will be buying early

also if your reading charts. try to separate the november 2012-may2013 away from the october 2013-december 2014
the pump starting in october13 was in relation to ASICS hitting the market, the the subsequent fall off when speculation died and mtgox saga happened..
treat the reaction to the halving as just the six months of november 2012-may2013

[molecular]

So we can easly assume that Halving has little to do with real price rise after 1st reward drop. As 6 months is a little too much time to link halving with that pump.
The question is: will this situation repeat itself after 2nd halving?

I think this conclusion is incorrect.

• it's not 6 month, rally started 2 or 3 months after halfing
• the halving represents a change of paramter. Why would all effects from that happen instantly? That makes no sense and I don't think it's far-fetched to think that there might be some reservoirs of bitcoin that need to be emptied before the supply reduction can take effect and start a price runup can start.

Your logic is really a bit flawed. First you assert that there is no link and then you pose the question wether the situation will repeat. Well, if there is no link, why would it repeat? What exactly would repeat?

My opinion: there is a link and it will probably repeat. If so, we'll all be happy hodlers in spring of 2017.

[helloeverybody]

The miners stopping mining because price is not high enough is just FUD, Back in 2015 we were sitting at £150 mark and now we are more tha double that. miners weren't shutting down miners back in 2015 so why would they do it after the halving when price is already more than double. Price is more than good enough where its at.

[Pursuer]

I wasn't around for the previous halving.
What happened to the price of bitcoin at the halving and can that be used to gauge this upcoming halving?

you don't need to be around to know what happened everything has been writing down on the price charts which are also available publicly.

besides you can't expect the same thing to happen again this time around. although I have the feeling that the same thing is going to happen but there is no guarantee about that.

[Superways]

last time the halving had a much better effect on the value of bitcoin and because of that bitcoin got much more fame in online world even at that time not enough people were at bitcoin, and nowadays there are about more than 50% online workers are using bitcoin and the demand is also increased as compared to last halving so I will say that at this time bitcoin will get more fame and the value will increase much more.

[iv4n]

I wasn't around for the previous halving.
What happened to the price of bitcoin at the halving and can that be used to gauge this upcoming halving?

I wasn't here also, but I watched around net about it. There is a lot of everything about previous halving, statistic, videos, comments from that time and close after.... Even now people are argue about some things, you will find people who believe that same thing will happen, and you have others.

In my opinion we have different situation here, bitcoin grow since then. There is more people involved, much more alt coins behind bitcoin ( I think that will have big role in futre ), so I think bitcoin have a chance to rise this time, and what is important to stay high. For that I hope for, and I think that would be best possible outcome of this year halving.

[MWesterweele]

Me too i was no there also but i research about it.Last halvings made an history on crytp currenxy world specially on bitcoin world reaching a historical price of $1200.Yes we can use previous halving as basis of this years halving.But i expect more than what happened last halving im looking forward for bitcoin reaching $2000-$5000

[bittraffic]

Me too i was no there also but i research about it.Last halvings made an history on crytp currenxy world specially on bitcoin world reaching a historical price of $1200.Yes we can use previous halving as basis of this years halving.But i expect more than what happened last halving im looking forward for bitcoin reaching $2000-$5000

That's way too much 800usd might just bne it's peak this time.

[ranochigo]

Me too i was no there also but i research about it.Last halvings made an history on crytp currenxy world specially on bitcoin world reaching a historical price of $1200.Yes we can use previous halving as basis of this years halving.But i expect more than what happened last halving im looking forward for bitcoin reaching $2000-$5000

It didn't reach $1200 when there was a bitcoin halving. It was at around $6 during the first halving and it increased slightly, I presume there wasn't much cost to running it and people could make a profit even after the halving and hence people could still make a profit.
Bitcoin has gained a significant popularity since then and the price has rose significantly. I would expect it to be roughly the same and the price increasing slightly more. Reason being the profit miners are making would still be reasonable even after halving.

[detzaw]

ill just stay positive in the upcoming 2016 bitcoin halving, whatever happens still life goes on.

[romero121]

During the past halving none knew about it and when such a big variation happened every user got added hope on bitcoin. With that now too users expecting big variation on halving. Truly none is sure of changes on halving.

[PsursV]

i am quite new here. i have now idea about the previous bitcoin halving. i want to know about this. i have no idea what halving is. and what happens in halving.