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

[sumit513]

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

[OmegaStarScream]

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

I'm not sure if you used the search function (I assume not otherwise you would find shitload of posts about it) ... anyway, Nothing is guaranteed however it's more than likely that the price is going to increase since the Bitcoin price is based on Supply & demand and when the halving happens the supply will get halved from 25 BTC to 12.5 BTC so if the demand stays the same or increase , price should go high.

See this Coindesk article for more information's : www.coindesk.com/making-sense-bitcoins-halving/

[shinratensei_]

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 main effect if bitcoin price gets halving maybe trading players will spend all of their money to buy bitcoin, And a lot of bitcoin users will get panic selling and I think not investor will remain to believe with bitcoin so there is no investor will stay away from bitcoin.

[Hirose UK]

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

It's not predictable at all. Many people said that after halving the price will be pumped, but it's just speculation. so if you have many bitcoins, consider carefully to sell it now or hold it until halving comes because there is possibility that the price will be down after halving. So just see what will happen.

[BTCLovingDude]

i think most of the effect of bitcoin halving is about the hype it brings to the price of bitcoin so we can see rises but also apart from the hype there is always the fact that there will be less bitcoins mined each day which will help reduce the amount being dumped on the market each day.

[BitcoinSupremo]

No one knows for sure, its pure speculation but we all or at least the majority of the users of this forum thinks the price will go up. If you have been careful to follow bitcoin price trend during last few days you would have notice that its price is already spiked quite a lot, lets hope we are all right and bitcoin price will go further up right after the halving takes place.

[DarkThrones]

Well we're already starting to see the effect. The price will go up as supply decreases and demand grows. But the moves right now are in speculation of what the final price of the halving will be. My guess is somewhere near $700 after the dust settles and the sellers dump for profit. Then we should see a slow and steady rise despite sell pressure daily.

[FabioDelcatto]

I think the halving will be affecting the bitcoin price on a positive way and that it will reach the 1000 dollar because of the halving.
Of course I'm not fully sure of this but this is my prediction.

[BitcoinHodler]

there is already a lot of topics about it and also a lot of speculation about this matter. basically nobody can tell you anything for certain but as you can already see, those who were saying price will go up were right so far.

[safari88]

If you know when the price is below $400, and now getting close to halving the current price rise is much higher, and this is clear evidence of the effect of halving for bitcoin prices, and you will see a higher price when towards halving occurs.

[Yakamoto]

The halving basically forces miners to sell their Bitcoin for twice as much as they used to, as the actual supply of Bitcoin that is available per block gets halved from 25 Bitcoins per block down to 12.5 Bitcoin per block.

This means that the miners can set the baseline value at whatever their absolute minimum cost-covering charge is, and then turn that into the value of Bitcoin.

[odolvlobo]

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

... it's more than likely that the price is going to increase since the Bitcoin price is based on Supply & demand and when the halving happens the supply will get halved from 25 BTC to 12.5 BTC so if the demand stays the same or increase , price should go high.

While the price depends on supply and demand, the supply is not what is halved. The production is halved. The supply continues to increase (or more accurately, shifts to the right), albeit at a lower rate.

The halving basically forces miners to sell their Bitcoin for twice as much as they used to, as the actual supply of Bitcoin that is available per block gets halved from 25 Bitcoins per block down to 12.5 Bitcoin per block.

This means that the miners can set the baseline value at whatever their absolute minimum cost-covering charge is, and then turn that into the value of Bitcoin.

Miners may be forced to ask for twice the price, but traders are not forced to sell at twice the price. Miners are a small portion of the market, so they have no more influence over the price than any other sellers.


Please note that both of these posters are members of signature campaigns, so you have to take what they write with a grain of salt. Members of signature campaigns are motivated to post even when they don't know what they are writing about.

[MatTheCat]

The halving basically forces miners to sell their Bitcoin for twice as much as they used to, as the actual supply of Bitcoin that is available per block gets halved from 25 Bitcoins per block down to 12.5 Bitcoin per block.

This means that the miners can set the baseline value at whatever their absolute minimum cost-covering charge is, and then turn that into the value of Bitcoin.

Do you suppose that the miners might have been saving up Bitcoin mined in the past 6-12 months, in order to cash it out after the halving?

If so, what will the miners do with this backlogue of Bitcoin, post the halving pump?

[DodoB]

I think bitcoin price will double to 1400-1600$,since bitcoin is half as rare wouldn't it also become twice more expensive?

[WaffleMaster]

I think bitcoin price will double to 1400-1600$,since bitcoin is half as rare wouldn't it also become twice more expensive?

Well it's not half as rare. All the coins that existed before the halving still exist and will most likely get traded at least a little bit at such high levels. The halving creates MINER'S daily selling pressure to be cut in half, which means it's more of a trader's market. And last I checked all traders want to sell their coins for a higher price than they bought them

[sumit513]

thanx to all of you for your putting your thoughts. 

[dumbfbrankings]

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

Moon, brah.

[Snorek]

From pure economic point of view it is unreasonable to predict that price will skyrocket with halving.
I still think that vast number of bitcoin is not being used on daily basis, and is stashed by holders.
Because of that the reduced supply is not gonna suddenly spike up the price. It will be rather slow shift of market equilibrium.

[BitcoinjunkieZ]

I think it will be a Double exactly like for now becaue of the bitcoin difficulty

[DarkThrones]

I think it will be a Double exactly like for now becaue of the bitcoin difficulty

The difficulty is not at really a factor at play for the price. The only thing the difficulty does is decide how many people can mine and make profit. The same amount of coins will be coming in and to say it is a clean double is just misinformed.