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Author Topic: [2016-05-25] Bitcoin Rises, But What Will Happen in July at the Halving?  (Read 358 times)
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May 26, 2016, 09:29:01 AM
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Some say the sky’s the limit. According to Gil Luria, a Webbush Securities analyst who covers the Bitcoin investment vehicle GBTC:

    “There’s always a lot of factors in the price of Bitcoin, but all those things being equal, [the halving] should help the price go up, if for no other reason than of the rule of economics… It’s a function of the intersection of supply and demand, and the halving literally means there will be less [new] supply every day.”

Bitcoin moonIn other words, this could be just the thing bitcoin needs to stay on top for good. After all, a scarce item is likely to hold more value than one that is plentiful or common.

But others aren’t entirely convinced. In fact, one of the big problems expected from the halving is the fact that miners will possibly have to deal with potential drops in profitability.


http://bitcoinist.net/bitcoin-rises-july-halving/

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May 26, 2016, 09:33:21 AM
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Some say the sky’s the limit. According to Gil Luria, a Webbush Securities analyst who covers the Bitcoin investment vehicle GBTC:

    “There’s always a lot of factors in the price of Bitcoin, but all those things being equal, [the halving] should help the price go up, if for no other reason than of the rule of economics… It’s a function of the intersection of supply and demand, and the halving literally means there will be less [new] supply every day.”

Bitcoin moonIn other words, this could be just the thing bitcoin needs to stay on top for good. After all, a scarce item is likely to hold more value than one that is plentiful or common.

But others aren’t entirely convinced. In fact, one of the big problems expected from the halving is the fact that miners will possibly have to deal with potential drops in profitability.


http://bitcoinist.net/bitcoin-rises-july-halving/

Personally, i have a gut feeling the price will rise slightly... It's only a gut feeling, but i'm pretty sure there's nobody who will be able to give mathematical proof of what's going to happen (to many factors, some of which are the emotions of buyers, sellers, users,...).

Why do i still think the price is going to rise:
- less coins will be mined each day... This doesn't mean a lot, because so many coins are already in circulation, so halving the reward probably won't lead to doubling of the price
- more companies start to accept bitcoin
- the media will probably pick up on the halving, leading to more interest of new people

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May 26, 2016, 11:16:25 AM
 #3

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In fact, one of the big problems expected from the halving is the fact that miners will possibly have to deal with potential drops in profitability.

... this isn't a bug, it is the very feature that drives the rise in price expectations, of the miners who are producing the coins at cost and supplying the new coins on the margins.

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May 26, 2016, 04:06:38 PM
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In fact, one of the big problems expected from the halving is the fact that miners will possibly have to deal with potential drops in profitability.

... this isn't a bug, it is the very feature that drives the rise in price expectations, of the miners who are producing the coins at cost and supplying the new coins on the margins.

These miners has known about this for years... if they did not prepare for this, they did not do their homework. Most of these bigger pools will just take up the slack from the smaller ones in any way.

We might just see more centralization as a negative result from this event, as smaller mining pools exit the scene. Last I heard, Bitcoin mining were still profitable for people to mine, if the price of

Bitcoin increased and if more fees are generated... let's hope this happens soon.  Wink
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May 27, 2016, 07:16:42 AM
Last edit: May 27, 2016, 07:36:48 AM by odolvlobo
 #5

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According to Gil Luria, a Webbush Securities analyst who covers the Bitcoin investment vehicle GBTC:

    “... [the halving] should help the price go up, if for no other reason than of the rule of economics… It’s a function of the intersection of supply and demand, and the halving literally means there will be less [new] supply every day.”

Less "new" supply still means that there will be more supply every day.

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