Misinterpretation about halving.

[Xester]

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

[vdotcash]

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

The halving is purely psychological and historically has not doubled the price of Bitcoin. If the price does not crash then this will be the first time it has doubled it's value due to "block reward halving". I'm not certain there is a valid clarification, it's simply the market "deciding". 

[Herbert2020]

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

The halving is purely psychological and historically has not doubled the price of Bitcoin. If the price does not crash then this will be the first time it has doubled it's value due to "block reward halving". I'm not certain there is a valid clarification, it's simply the market "deciding". 

i don't know where you bring your history but in the real bitcoin price history the last block halving happened on 28th November, 2012 and price of bitcoin has gone up from $10 in Oct-Nov 2012 to $20 in Jan 2013 (it nearly took 2 months to reach double price)


yeah if you look at the day halving happened, then yest nothing happened that day.

[Lauda]

There is so much misinformation and misinterpretation in the Bitcoin ecosystem that it is amazing. The halving is just one of those events that draws attention and misinterpretation is bound to happen. I've seen articles about 'everything being in the hands of the miners' and other nonsense as such. I've also seen a lot of 'doomsday' scenarios regarding the halving & the hashrate in addition to some 'fee event'. It becomes increasingly difficult to find correct information and thus almost everything should be taken with a grain of salt.

i don't know where you bring your history but in the real bitcoin price history the last block halving happened on 28th November, 2012 and price of bitcoin has gone up from $10 in Oct-Nov 2012 to $20 in Jan 2013 (it nearly took 2 months to reach double price)

That is only 'logical' and normal. It takes time for the market to feel the effects of a reduced supply.

[Adriandmen]

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

The halving is purely psychological and historically has not doubled the price of Bitcoin. If the price does not crash then this will be the first time it has doubled it's value due to "block reward halving". I'm not certain there is a valid clarification, it's simply the market "deciding". 

i don't know where you bring your history but in the real bitcoin price history the last block halving happened on 28th November, 2012 and price of bitcoin has gone up from $10 in Oct-Nov 2012 to $20 in Jan 2013 (it nearly took 2 months to reach double price)


yeah if you look at the day halving happened, then yest nothing happened that day.

I think that also had to do something with the illegal drug market et cetera. That is also one of the reasons why the bitcoin became very popular.

I'm not very advanced in bitcoins, but I do have studied economics for a time. What I have learned is that the price may rise because of this, but it would most definitely not skyrocket.

[chixka000]

Well in the end we bitcoin users will still be affected to every event happening in this industry. Now for me it would varies on your decision making if you are still going to hold on and wait for that boom or taking up a risk on spending your bitcoin in return of aiming a profit

[ImHash]

though as it takes time for miners to realize how deep they are in bitcoin sh*t, but all the payments and earnings from various services
Been cut in half, also I did  some calculations and found out if price stay the same as today you can profit nice and easy if you are a big miner
As in owning lots of hash power even with difficulty increase still could profit for the next 500 days imao.

[richkellj]

It is true that mostly, the value of bitcoin would rely on the supply and demand. The fact is that the demand is stable and the supply would be halved, which is why there is somewhat an expected doubling in value. Although, what's misinterpreted is that the value doubling would happen on the exact day of the halving.

[bitbunnny]

I agree, like everything Bitcoin also depends on demand and supply. But there is also another fact and that is manipulation with price, which could happen in the time of halving or after it. And that could be dangerous.

[tyz]

I do not really get the point. The halving is limiting the creation of new Bitcoins and thus, the supply will be cut. Demand however, stays the same and increases steadily. Therefore, a price increase in the next time will certainly be caused by the halving. Probably, also by other factors but one main factor is definetely the halving.

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

[topiOleg]

I do not really get the point. The halving is limiting the creation of new Bitcoins and thus, the supply will be cut. Demand however, stays the same and increases steadily. Therefore, a price increase in the next time will certainly be caused by the halving. Probably, also by other factors but one main factor is definetely the halving.

For sure the reducted supply going to have effect on price. But very slowly, over months and not instanly as some expect. So next year anyone can analyze the price graph and see whether after halving reducted supply had really effect on price.

[helloeverybody]

If spending stayed the same after the halfing as in people are buying the same amount of bitcoins daily as they where before the halving then it's only logical that price will have to go up as new coins are needed.

[hermanhs09]

It is not said anywhere,that halving leads to big price increase,that is just
what is thought among this forum.
But it actually depends on many factors,so you can just think halving=$$$ profit

[Yakamoto]

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

The price did go up about how it was expected to, from a $300 baseline the miners could live off of to a $600 baseline that the miners have adjusted to. I'm not sure who would have messed this kind of stuff up, but it seems pretty obvious from a basic perspective with a bit of an economic look at the halving and knowledge of the value history.

[DooMAD]

Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease

I've always been relatively cautious about the supposed link between the halving and a massive surge in price, suspecting that the more interesting developments lie elsewhere.  The more people who say it, the more it seems like some sort of mass groupthink, or even outright hysteria.  So, in turn, the less convincing the reasoning becomes.  Everyone just keeps reinforcing the same misguided notion in the hope it becomes true.  If there was any impact, it's already priced in, hence the anticlimax.

[raphma]

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

sorry, but you are contradicting yourself....

In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving.

if the halving is, technically, reducing supply by half then the price should double.

[JeffBrad12]

It is true that mostly, the value of bitcoin would rely on the supply and demand. The fact is that the demand is stable and the supply would be halved, which is why there is somewhat an expected doubling in value. Although, what's misinterpreted is that the value doubling would happen on the exact day of the halving.

just for additional, in a short, time the increases of price will not happen. because we don't feel the effect from halving in a short time. we will see on the market reduce of supply and the increases in demand and this situation will make the price of bitcoin getting an increase. because the shortage of supply to fill up the demands.

[pooya87]

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

yeah i agree. in fact i made a topic about this yesterday in the speculation board. but the thing about bitcoin price is that it is not only controlled by "supply and demand" as you may expect in a normal market. bitcoin price is also affected by hype. just like halving that cause a bigger rise than it should have happened before halving.

[Sharma]

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

Very true in my opinion. The price level right now should be sustainable, because the estimated cost to produce a coin is still marginally lower than the BTC price right now.

Whether if the price was to be any higher, it would be deemed unsustainable.

[Herbert2020]

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

The halving is purely psychological and historically has not doubled the price of Bitcoin. If the price does not crash then this will be the first time it has doubled it's value due to "block reward halving". I'm not certain there is a valid clarification, it's simply the market "deciding". 

i don't know where you bring your history but in the real bitcoin price history the last block halving happened on 28th November, 2012 and price of bitcoin has gone up from $10 in Oct-Nov 2012 to $20 in Jan 2013 (it nearly took 2 months to reach double price)


yeah if you look at the day halving happened, then yest nothing happened that day.

I think that also had to do something with the illegal drug market et cetera. That is also one of the reasons why the bitcoin became very popular.

I'm not very advanced in bitcoins, but I do have studied economics for a time. What I have learned is that the price may rise because of this, but it would most definitely not skyrocket.

are you sure, i always thought the illegal drug market was around the time price went up to $1000 not in 2012!
anyways you can always argue about the reasons why price went up and the argument is going to take forever without any conclusion. i am simply pointing out what happened because that newbie above my comment said "historically has not doubled" which was wrong information.