My thoughts on BTC halving

[AlgoSwan]

50 to 25 still seems ample, whereas 12.5 begins to feel like a small number suggesting scarcity.

Numbers mean nothing.
12.5 bitcoins is 1,250,000,000 satoshis.
Since bitcoin is divisible to such a fine extent, the feeling of scarcity is only in the mind.

Really? You are saying like this: No worries, gold bars have no scarcity at all, we still can find gold in grams instead of bars. BTC scarcity is worse than gold, comparing with the gold BTC supply is so low!

[randy8777]

50 to 25 still seems ample, whereas 12.5 begins to feel like a small number suggesting scarcity.

Numbers mean nothing.
12.5 bitcoins is 1,250,000,000 satoshis.
Since bitcoin is divisible to such a fine extent, the feeling of scarcity is only in the mind.

that's right. i often hear people say that there aren't enough coins for every person in the world as there are only 21 million coins. they simply forget that you can split 1 bitcoin into 100,000,000 smaller pieces.

[buyinbtc]

50 to 25 still seems ample, whereas 12.5 begins to feel like a small number suggesting scarcity.

Numbers mean nothing.
12.5 bitcoins is 1,250,000,000 satoshis.
Since bitcoin is divisible to such a fine extent, the feeling of scarcity is only in the mind.

that's right. i often hear people say that there aren't enough coins for every person in the world as there are only 21 million coins. they simply forget that you can split 1 bitcoin into 100,000,000 smaller pieces.

yeah, and if the core developers would want they could possibly make bitcoins be divided into even smaller peaces though theres still no need to do that at the moment

hopefully bitcoins will keep on growing because dividing it into small peaces is definitely not a problem and we surely shouldnt be worried about it right now

[ajareselde]

Bitcoin halving doesn't mean that the price will double, in no way, but i have a feeling that there's a lot of investors that are just waiting for
an excuse to drive the price up and stock up some more bitcoins in their accounts. Even when you exclude halving from equation, i think the price is way too low.

[Next BillG]

Bitcoin halving doesn't mean that the price will double, in no way, but i have a feeling that there's a lot of investors that are just waiting for
an excuse to drive the price up and stock up some more bitcoins in their accounts. Even when you exclude halving from equation, i think the price is way too low.

If the demand is the same or increases, then the halving will increase the price. It might not double the price.

[Nimbulan]

Halving will make only daily production of BTC lower for 50%, from 3600 BTC daily into 1800 BTC daily. When you compare those 1800 or 3600 daily with whole BTC volume on the market (16 million) it's clear that halving is not the one causing the huge price pump, especcialy on short term.

So the halving mechanicly is not the trigger which would make that sick rise in the BTC price that we all expect. People and their greed will make the halving bubble puffed as many will buy BTC to make halving profit, so people holding BTC and not selling it, and many others trying to buy them will pump the price since the demand will be greater than supply.

After halving my guess it that the bubble will explode hardly. WHY?

First of all miners will get half reward then they do now before halving occures. If you watch the news you can see mining farms getting shut down because it's no longer profitable to mine BTC, it's profitable only in China and similar countries with low electricity price. Some people already predict there might be a lot of delays with BTC transactions after halving occures since there will be a low number of miners.

Second, people will just seek for another train to get fast profit and those trains will be Ethereum and Lisk for sure, especcialy after the halving bubble, Ether and Lisk prices will be low.

Third, BTC is popular in the whole world, it's the first crypto currencly and this is what will keep it alive but new technologies such as Ethereum and Lisk will just take a big chunk of BTC market as they keep rising fastly. Ethereum already has more nodes than BTC, it transactions are fast, there is no fear of mining stopping ever because of it's POS system, their potential is huge and it's still 99% unused since only few simple dapps are online.

well yes miners will get 50% less, but price rises now so i am also pretty sure that it will rise after halving too, so bitcoins miners will get same or even larger profit than before halving

and yes etherium was very, very popular month ago and many people bought it just to get profit from it, but it won't have very huge impact on bitcoin as people will still use bitcoins