hey guys what would be the effect of halving on bitcoin price?

[RealityTruth]

Hey guy as you know bitcoin halving is coming. So i'd like to know the effect of it on the price of bitcoin.

The effect already took place. You are looking at it now

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[Cyaren]

Hey guy as you know bitcoin halving is coming. So i'd like to know the effect of it on the price of bitcoin.

The price is already going crazy if you haven't noticed. Check Bitstamp's tradeview 1 month chart, the price is literally climbing $50-$60 a day in some particular instances.

But what happens after the halving... Seriously no one knows.

[hermanhs09]

It really cannot be predicted what will happen after the halving. Nobody can tell the future, but from the data we have now we can safely say that this rise in bitcoin price is probably caused by the bitcoin halving hype.

I think the price will readjust itself after the halving, stabilize, and then slowly go up once again to $2k+ within a year.

[Vaccinus]

Hey guy as you know bitcoin halving is coming. So i'd like to know the effect of it on the price of bitcoin.

The effect already took place. You are looking at it now

yeah but the effect isn't ended here, the halving still 1 month away or less, so there is styill room for other good effect on the price, maybe another crazy rise

[crossabdd]

this time you are already feeling the effects of halving, the previous price was under $500 and halving have brought it to rise higher, even this will continue to rise when halving occurs

[Hellacopter]

We can't predict exactly what would be the effect of halving on bitcoin price , but personally i think the price will increase highly after this halving, especially we noticed the price rise a lot the few previous weeks.

[Whosdaddy]

Hey guy as you know bitcoin halving is coming. So i'd like to know the effect of it on the price of bitcoin.

Halving is block reward gets cut in half after a certain amount of the total supply has been mined. That means a block reward is now 25 BTC and you will get 12.5 BTC at the halving time. Your cost of mining have no changes but you will get half of reward so miners will get demotivate on that time for mining.

Halving is going to happen after 4 years. The last time block reward was halved on 28th November 2012. The price at the day of halving was about $12 but six month before price was $5. No one know what will happen at halving time. Just keep your eyes open.

[Altcoinmoney]

We can't predict exactly what would be the effect of halving on bitcoin price , but personally i think the price will increase highly after this halving, especially we noticed the price rise a lot the few previous weeks.

It's hard to measure because these pump is not just of the halving. There are other factors too, although we don't know which one exactly.
Currently it can be fear for a brexit for example.

[d5000]

It depends if the market is bullish or bearish.

As others have already remarked: it's not the supply that is "halved" but the inflation. From a ~9% inflation per year (1,3 million new BTC per year before the halving / 15 million BTC) it is falling to ~4.5%.

Now what does this mean in different market situations?

In a scenario where most of the traders are bulls, the offered BTC at the exchanges are mainly sold by two groups: miners and day traders. Miners may even try to hold their BTC a while, reducing supply even more. On the buyer side, there are many "investing buyers" that will hold the BTC for some time because they speculate on a price increase and can absorb considerable amounts of this supply. In this case, the inflation reduction could have a major impact.

It's completely different when market sentiment is "sideways" or "bearish". Then, miners are selling most of their BTC, and also "normal users" making payments (e.g. on Bitpay) have a greater "share" on the selling side. Even more important: there are not so many "mid-term speculators" that buy Bitcoin as an investment. In this case, the halving should have practically no effect, because there is a steady supply.

[Cyaren]

We can't predict exactly what would be the effect of halving on bitcoin price , but personally i think the price will increase highly after this halving, especially we noticed the price rise a lot the few previous weeks.

Yeah, we have already risen a lot over the past few weeks but it would be impossible to tell what would happen next. Who knows, bitcoin might break the all time high after halving as far as anyone knows.

Time will tell though that bitcoin will be the dominant currency of the world.

[bit1]

The best effect of halving on bitcoin price will be when it reach $800 and is maintained there in next days.