Misinterpretation about halving.

[Kakmakr]

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.

And there I have thought, we had the Willybot to thank for that price record, now you are telling me we should thank the DopeHeads ^smile^ In Bitcoin there are always a ripple in the pond, and one of those pebbles that created that ripple, could have been the previous Halving.

We hope this Halving would be the ripple for the next wave. ^hmmmmm^

[ObscureBean]

You are partly correct, Bitcoin value is indeed dictated by both supply and demand. However while supply is very precisely defined, demand is influenced by a wide variety of factors, especially since Bitcoin is not a necessity.
Hype and emotions play a big part in smaller supply/demand spheres because their physical manifestations (price increases/drops) are more easily noticeable. The Bitcoin sphere is not as small as it was a few years ago which is why the price has gradually been getting more stable, however it is not so big that the effects of hype/emotions are completely muffled. So chances of the price skyrocketing from a domino effect, while small, is not completely implausible.

[BTCLovingDude]

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.

actually you are wrong about a couple of things.
1) supply and demand is not the only factor that plays a role in increasing or decreasing the price. but there are other things like other before me has suggested like hype.
2) halving can lead to a rise because of two things: the reduced supply and also the hype it brings to the market but the misinterpretation is that people think it is going to happen right away while it takes time.

[pereira4]

Some say "the halving has already priced in" but this is not really the case, we will see the impact of the halving in the coming months, once it fully clicks in that the supply is shrinking faster and when people understand the importance of Bitcoin the price will go to mars as FOMO kicks in.

[kryptqnick]

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.

As far as I know, halving is in the code and a normal inevitable thing occurring every 4 years (actually, every 210 000 blocks of btc). However, I suppose that than it depends on those who have lots of btc and miners, how fast will btc increase in price and overcome halving.

[Wendigo]

Well halving has come and gone yet the price has still not reached the projected 100% increase and by everyone's expectations it should have already been at $800 at the minimum. I have a feeling the price might actually start to fall because if the hoarders start selling their stashed coins because they are getting tired of waiting for the Bitcoin price to increase, they are likely to start a panic sell avalanche that might cause the price to plummet. I am not sure what the miners will do in that case when both the reward is halved and the price is nowhere near 100% increase in value.

[Caladonian]

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.

it is a currency right so it will depend from supply and needs i just new into bitcoin so i also one of those who believes that halving will make a strong impact with the price increase i'm still holding and keep checking my btc price from time to time mate.

[mobnepal]

Halving can have both phychological and real effect. As pump was speculated before halving by most of the people but actually that speculation played a role to increase price of bitcoin from 450$ range to over 650$ range (this was phycological effect) and as mining will not be profitable if miners try to sell mined coin below current price after halving so this make price stable on this pumped price range (this is real effect).

[Carlsen]

After the halving, only half as much new bitcoins are generated than before.
With the assumption that the demand stays stable, the price should rise in the near future.
Mabe this effect is already included in the price rise before halving, but sooner or later I expect it to be visible in the charts.

[phil9]

After the halving, only half as much new bitcoins are generated than before.
With the assumption that the demand stays stable, the price should rise in the near future.
Mabe this effect is already included in the price rise before halving, but sooner or later I expect it to be visible in the charts.

Right. Everything known in advance is included in the price.

[takingthis4]

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.

As far as I know, halving is in the code and a normal inevitable thing occurring every 4 years (actually, every 210 000 blocks of btc). However, I suppose that than it depends on those who have lots of btc and miners, how fast will btc increase in price and overcome halving.

thats true, everything that is connected with bitcoin is written in the code of it and i think that it is nearly impossible to cancel the halvings that happen