Bitcoin Forum
February 25, 2020, 10:22:57 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5] 6 7 »  All
  Print  
Author Topic: Does halving really create deflation?  (Read 890 times)
X-ray
Hero Member
*****
Offline Offline

Activity: 1428
Merit: 502


https://hitmex.io/ Supporter]


View Profile
December 01, 2019, 11:23:56 PM
 #81

The effect of the next halving would probably be the same like the previous one. People witnessed the effect of last halving to the price of bitcoin and just like what happened in litecoin, the price increases because the people are so hyped up about the halving and it would be the same to bitcoin, people are now into bitcoin because all they want is fast money. Greediness will become the fuel for bitcoin to spike up and have a parabolic move again.
The litecoin halving happened recently and nothing happened as of yet and i am not expecting the price of litecoin to rally alone and people who are investing in any market is not looking for the novelty of the market and all they expect is to earn the profits through smart decisions and if people see the bitcoin market as the fastest way to earn profit then who can complaint that Wink.
The bearish market also contribute whether the halving could affect the market or not. people always believe that halving could bring double profit but that's not actually true. if the market is at good condition it could probably make the price double but otherwise when the market is bearish it will do nothing. atleast thats what i experienced from so many halving ive been through and its not something that we should put our hope in.

             ▄
           ▄███▄
         ▄████▀ ▄
       ▄████▀ ▄███▄
     ▄████▀ ▄████▀ ▄
   ▄████▀ ▄████▀ ▄███▄
 ▄████▀ ▄████▀ ▄████▀ ▄
▀███▀ ▄████▀ ▄████▀ ▄███▄
  ▀ ▄████▀ ▄████▀ ▄████▀
   ▀███▀ ▄████▀ ▄████▀
     ▀ ▄████▀ ▄████▀
      ▀███▀ ▄████▀ 
        ▀ ▄████▀
         ▀███▀
           ▀
.
HITMEX
r❖ BUY and SELL CRYPTOCURRENCY With Powerful Crypto Trading Platform r
☱☲☱☲ Website Telegram Instagram Twitter Facebook RRrRRBMEX Trade HereRR
Bitcoin Poker 3.0
The Largest Bitcoin Poker Site
Bad Beat Jackpot Available
No Limit Texas Hold'em Cash Games And Tournaments
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1582669377
Hero Member
*
Offline Offline

Posts: 1582669377

View Profile Personal Message (Offline)

Ignore
1582669377
Reply with quote  #2

1582669377
Report to moderator
1582669377
Hero Member
*
Offline Offline

Posts: 1582669377

View Profile Personal Message (Offline)

Ignore
1582669377
Reply with quote  #2

1582669377
Report to moderator
1582669377
Hero Member
*
Offline Offline

Posts: 1582669377

View Profile Personal Message (Offline)

Ignore
1582669377
Reply with quote  #2

1582669377
Report to moderator
jjigoku
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
December 02, 2019, 01:19:57 AM
 #82

The bearish market also contribute whether the halving could affect the market or not. people always believe that halving could bring double profit but that's not actually true. if the market is at good condition it could probably make the price double but otherwise when the market is bearish it will do nothing. atleast thats what i experienced from so many halving ive been through and its not something that we should put our hope in.

That is what I was thinking about. Crypto market is still a market and rules (partly) by peoples interest.Not the way they want it to be, but according to their behaviour/willing to buy or sell/actions.
So halving basically is just another line of news in the feed of users (not that simple actually, but you got the point)
karanggatak
Hero Member
*****
Offline Offline

Activity: 1008
Merit: 501

CryptoTalk.Org - Get Paid for every Post!


View Profile
December 02, 2019, 01:46:31 AM
 #83

deflation means the amount of money circulating decreases. when bitcoin halves the amount of bitcoin mined will decrease. but the demand for bitcoin remains or increases, this is what can make the price of bitcoin increase.
indeed not all coins can experience an increase as mentioned op. but if we look at the history of bitcoin, one year after halving bitcoin will pump.
hopefully bitcoin next year will be like that. we have been in the bear market for a long time, hopefully next year we will start entering the bull market.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
supercanada1
Sr. Member
****
Offline Offline

Activity: 798
Merit: 251

CryptoTalk.Org - Get Paid for every Post!


View Profile
December 03, 2019, 01:46:00 PM
 #84

in short - halving is the main mechanism to create deflation , yes
in bitcoin ecosystem this event has very big impact on both the hashrate and the price of bitcoin
and usually , the price is not peaking before or during the halving , but its increasing eventually a couple of months afterwards
the not efficient and smaller miners will have to stop their miners and cease operations , thus cutting the flood of the coins to the market
since they have to sell fast , unlike big companies who could wait for the price they need
while this , in theory , leads to more centralization of the mining , it serves its purpose of the deflatory mechanism perfectly
Bitcoin from the very beginning was deflationary in nature due to its limited number of 21 millions that can not be increased. If we look at the main cause of problems like inflation and hyperinflation, these happen when the amount of the currencies is increased largely but this is impossible with digital coins. Halving has more to do with keeping a balance and not giving all the bitcoin to miners as their reward.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $|
Get 700 YoDollars for Free!
🏆
7788bitcoin
Legendary
*
Offline Offline

Activity: 1274
Merit: 1007


WOLF.BET - Provably Fair Dice Game


View Profile
December 03, 2019, 02:22:15 PM
 #85

indeed not all coins can experience an increase as mentioned op. but if we look at the history of bitcoin, one year after halving bitcoin will pump.
hopefully bitcoin next year will be like that. we have been in the bear market for a long time, hopefully next year we will start entering the bull market.
Historically the price of bitcoin starts to increase well after halving and to reach the rally frenzy it will take over an year, we have experienced those in the past and we expect the same in the future too but you cannot call the current market situation in a bear trap, the market was stable for a while and if the market is not having the strength to move higher usually it will have a shake up and that is what we saw in the past few weeks.

.WOLF.BET.▄███████████▄
███████    ████████████▄
███████    ███████   ▀██
██████████████████    ██
██    ██████████████████
██    ███████    ███████
█████████████    ███████
███████    █████████████
███████    ███████    ██
██████████████████   ▄██
██        ▀███████████▀
██
██

█████
  ███
  ███
  ███
  ███
  ███
  ███
  ███
  ███
  ███
  ███
█████


Linkkoin
Member
**
Offline Offline

Activity: 448
Merit: 66

Online Cryptocurrency Exchange


View Profile WWW
December 03, 2019, 02:54:12 PM
 #86

Historically the price of bitcoin starts to increase well after halving and to reach the rally frenzy it will take over an year, we have experienced those in the past and we expect the same in the future too but you cannot call the current market situation in a bear trap, the market was stable for a while and if the market is not having the strength to move higher usually it will have a shake up and that is what we saw in the past few weeks.

Each new BTC price cycle is longer than a previous one, and this time we have as well rather bearish factor called FATF guidelines.

Online cryptocurrency exchange - https://linkkoin.com
Buy BTC, ETH, XRP, BCH, EOS, LTC, XMR, REP, ETC, ZEC with credit/debit card
binhvo1505
Member
**
Offline Offline

Activity: 686
Merit: 11


View Profile
December 03, 2019, 03:01:52 PM
 #87

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
I don't think it actually creates deflation. Here, deflation is the appearance of negative interest rates or our money can buy more goods than last year. halving will make the value of Bitcoin grow and it can buy more goods but we still cannot say that it is a deflationary mechanism. we should say it is a reduction in inflation. means that there is still inflation happening but Halving will reduce the inflation level and balance it.

  ●   GOLD-BACKED TOKEN   ●
 ❰❰❰❰❰❰  First Payment Gateway To Use  ❱❱❱❱❱❱   
● ▬▬▬▬▬ ● ▬▬▬▬▬ ●●●    ●  PGPAY  ●    ●●● ▬▬▬▬▬ ● ▬▬▬▬▬ ●
wack slacker
Full Member
***
Offline Offline

Activity: 644
Merit: 101


📱 CARTESI 📱 INFRASTRUCTURE FOR SCA


View Profile
December 03, 2019, 04:52:30 PM
 #88

Deflation depends on users' needs and maybe a 50% reduction in rewards can create greater demand.  I have faith in the next round of rewards reduction of Bitcoin mining.  Because in previous years Bitcoin did the same thing as continuous increase in value after halving.  But looking at the Litecoin Halving event that took place, I got a different perspective.  Litecoin miners have dropped, they are moving to other more profitable crypto mining. The value of Litecoin is now decreasing compared to before Halving.  So maybe Bitcoin will have the same fate as Litecoin.

Triffin
Sr. Member
****
Offline Offline

Activity: 756
Merit: 251



View Profile
December 03, 2019, 07:11:18 PM
 #89

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
when bitcoin halving, bitcoin miner income will decrease, for example, miners a month get 1000 BTC every month, but if bitcoin halving certainly revenue from mining will be reduced by half for example a month to 500 BTC, if the price goes down the miner will feel loss because the value is cheap and while the buyer demand bitcoin is very high, most other investors are HODL, so what do you think if the value is low, does that make sense? soon 2020
The miners get some reward for mining and it is somewhere equal to 12 bitcoin at the moment. Once the blocks in bitcoin chain become 210,000 halving is programmed into the system which decreases the mining reward. The miners that now have bitcoin can definitely sell out bitcoin according to their values and this community increases the values of bitcoin for buyers. This is why halving increases bitcoin worth.
dnprock
Member
**
Offline Offline

Activity: 210
Merit: 14


View Profile WWW
December 03, 2019, 10:45:24 PM
 #90

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks

Halving does not cause price deflation. The only sure halving does is to cut reward in half. That translates to less supply. Regarding price, you need to consider its demand. I think this is where the discussion gets confusing. If demand for a coin dropped, its price would drop too. Price is an equilibrium point of supply and demand.

In the case of Litecoin, its demand drops faster than its supply halving. Therefore, its price drops. Bitcoin may experience a similar decline if it fails to keep up its demand. But Bitcoin may benefit from deteriorating macroeconomics.

On the other hand, price can rise with inflating supply. If the demand for an inflating coin rises faster than inflation, its price will rise.
Karmakid
Sr. Member
****
Offline Offline

Activity: 700
Merit: 394


Freshdice.com


View Profile
December 03, 2019, 11:21:42 PM
 #91

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
when bitcoin halving, bitcoin miner income will decrease, for example, miners a month get 1000 BTC every month, but if bitcoin halving certainly revenue from mining will be reduced by half for example a month to 500 BTC, if the price goes down the miner will feel loss because the value is cheap and while the buyer demand bitcoin is very high, most other investors are HODL, so what do you think if the value is low, does that make sense? soon 2020
The miners get some reward for mining and it is somewhere equal to 12 bitcoin at the moment. Once the blocks in bitcoin chain become 210,000 halving is programmed into the system which decreases the mining reward. The miners that now have bitcoin can definitely sell out bitcoin according to their values and this community increases the values of bitcoin for buyers. This is why halving increases bitcoin worth.
Once the halving occurs, the miners and other holders should not focus on selling their bitcoin because it is better if they will hold it because once the majority of the people in the community knows that the supply will be harder to sustain then it will create a panic buying because people don't want to get left behind in having a bitcoin which will result for a price spike.

                            ░▓███▓▓▓▓▒▒         
                        ▒██▒      ▓██▓▒▒█▓▓▒     
                ░▓███▓▓▒▓▓██▓      ▒██████   
          ░▓███░      ▒█▓▒░  ▒███████████   
      ▒██▓▒░  ▒▓███▓      ▒▓▓▓█████████░ 
  ░██▓        ▒▓▒░    ░▓▓▓▓▓███████▓███▓ 
▓██▓▓▓▓▓▓▓▒    ░▒▒▓▓▓███████▓      ███ 
███████▓▓▓▓▓▓▓▓▓▓▓████████      ░███▒
▒██▒▓██████▓▓▓▓▓▓██████████  ▒█████
  ▓█    ▒██▓▓▓▓▓▓▓▓██████████▓███████
    █▓    ▒██▓▓▓█▓▓▓████████▒    ░██████▒
    ▓██▒▓█▓▓▓▓▓█▓▓████████      ▒██████▓
      ██████▓█▓█▓█▓████████▒  ▓███████▒
       ▓███████████▓▓█████████████████
         ▓███████████▓█████░    ▓███████░
           ███████    ▓██████▓      ▓█████▓   
           ░▓█████▒    ▓██████    ▓████▓     
              ░▓████▓   ▒███████████▓       
                 ░▓█████████████▓▓▒         
                         ▒▓▓▓▓▓▓▓▓▓▓▒░           
Fresh Dice||||||Dice Now!
aubert
Legendary
*
Offline Offline

Activity: 1638
Merit: 1003


View Profile
December 04, 2019, 03:16:08 AM
 #92

Once the halving occurs, the miners and other holders should not focus on selling their bitcoin because it is better if they will hold it because once the majority of the people in the community knows that the supply will be harder to sustain then it will create a panic buying because people don't want to get left behind in having a bitcoin which will result for a price spike.
Do you think miner doesn't need to the money they just mined to pay for the expenses which are quite big? They could only hold after spending some portion of their mined coins into paying the expenses and to be honest, it's not that easy. The plat that you elaborate also purely speculative and doesn't guarantee better profit because you don't know what might happen in the future and how do you know there'll be panic buying while the total supply remains the same? it's not like most people are really concerned about the decrease of miners reward anyway.

        ▄▄▀▀▀▀▀▀▀▀▀▄▄
     ▀▀ ▄▄▀▀▀▀▀▀▀▄▄ ▀▀▄
  ▄  ▄▀▀           ▀▀  ▀▄
 ▄▀ █      ▐█ █▌      █ ▀▄
▄█ █     ▄███████▄     █ █▄
█ ▄▀    ██▀▐█ █▌▀██     █ █
█ █     ██ ▐█ █▌ ██     █ █
█ ▀▄    ██▄▐█ █▌███    ▄▀ █
▀█ █     ▀████████▄    █ █▀
 ▀▄ ▀      ▐█ █▌ ▀█▌  █ ▄▀
  ▀▄  ▀▄           ▄▄▀  ▀
    ▀▄▄ ▀▀▄▄▄▄▄▄▄▀▀ ▄▄
       ▀▀▄▄▄▄▄▄▄▄▄▀▀
      █▀▀▀▀▀▀▀▀▀▀▀▀█
▄▄▄▀▀▀█   ▄▄▄▄▄▄   █
█     █ ▄▀      ▀▄ █
 █  ▄██ █        █ █
 █  █ █ █        ▀ █
  █ █ █ █ ▄█▄█▄  ▀ █
  █  ██ █  █▄▄█▄ █ █
   █ ██ ▄ ▄█▄▄▄█ █ █
   █  █ ▄  ▀ ▀   █ █
    █ █ █        █ █
    █ █ ▀▄      ▄▀ █
     ██   ▀▀▀▀▀▀   █
      █▄▄▄▄▄▄▄▄▄▄▄▄█
.PLATINUM  STABLECOINS
..USDQ KRWQ CNYQ JPYQ...

─────────────────────────
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█     ████     █
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀
██████
██
██







██
██
██████
██████
██
██







██
██
██████
▬▬▬▬▬▬▬▬   WHITEPAPER   ▬▬▬▬▬▬▬▬
...FACEBOOK... .....TWITTER..... ...TELEGRAM...
▬▬▬▬▬▬▬▬   ANN THREAD   ▬▬▬▬▬▬▬▬
CarnagexD
Sr. Member
****
Offline Offline

Activity: 714
Merit: 261


KawBet.com - Anonymous Bitcoin Casino & Sportsbook


View Profile
December 05, 2019, 12:03:20 PM
 #93

Once the halving occurs, the miners and other holders should not focus on selling their bitcoin because it is better if they will hold it because once the majority of the people in the community knows that the supply will be harder to sustain then it will create a panic buying because people don't want to get left behind in having a bitcoin which will result for a price spike.
Do you think miner doesn't need to the money they just mined to pay for the expenses which are quite big? They could only hold after spending some portion of their mined coins into paying the expenses and to be honest, it's not that easy. The plat that you elaborate also purely speculative and doesn't guarantee better profit because you don't know what might happen in the future and how do you know there'll be panic buying while the total supply remains the same? it's not like most people are really concerned about the decrease of miners reward anyway.
Mining bitcoin really electricity consuming given that they uses a high rated GPUs so undoubtedly what they earn from mining comes huge to their expenses to continue unless they are mining from a country that has a low electricity rate or using a renewable energy for low electricity costs. Some miners even have a warehouse or establishment dedicated just for mining. Miners could hold their mined btc for a while indeed but talking about the risk it's not worth at all.

|               ______
        _¦¦¦¦¦¦¦¦¦¦_
      ¦¦¦¦¦¦¦¦¦¦¦¦¦¦
    ¦¦¦¦¦¦  ¦¦  ¦¦¦¦¦¦
  ¦¦¦¦¦              ¯¦¦¦¦¦
¦¦¦¦¦¦__    __    ¦¦¦¦¦¦
¦¦¦¦¦¦¦¦    ¯¯  _¦¦¦¦¦¦
¦¦¦¦¦¦¦¦    ___    ¦¦¦¦¦
¦¦¦¦¦¦¯¯    ¯¯¯    ¦¦¦¦¦
  ¦¦¦¦¦                ¦¦¦¦¦
    ¦¦¦¦¦¦  ¦¦  ¦¦¦¦¦¦
      ¦¦¦¦¦¦¦¦¦¦¦¦¦¦
         ¯¦¦¦¦¦¦¦¦¦¦¯
               ¯¯¯¯¯¯

UP
TO
7BTC
WELCOME
BONUS
|
        _¦¦¦¦_
    _¦¦¦¦¦¦¦¦¦_
 _¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯
    _¦¦¦¦¦¦¦¯
   _¦¦¦¦¦¦¦¯
  _¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
  _¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯
           ¦¦¦¦¦¯
          ¦¦¦¦¦
         ¦¦¦¦¦
    ¯¦¦¦¦¦¦¦¦¦¦¦¦¯
    ¯¦¦¦¦¦¦¦¦¦¯
      ¦¦¦¦¦¯
      ¯¦¦¯

EASY DEPOSIT
FAST WITHDRAWAL
|
        _¦¦¦¦¦¦¦¦¦¦_
      ¦                        ¦
    ¦     ¦¦¦¦  ¦    ¦     ¦
  ¦             ¦  ¦    ¦       ¦
¦         ¦¦¦¦  ¦¦¦¦         ¦
¦         ¦              ¦         ¦
¦         ¦¦¦¦                   ¦
  ¦                                ¦¦
    ¦         ¦  ¦  ¦         ¦¦¦
      ¦                         ¦¦¦¦
        ¯¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
               ¯¯¯¯¯¯          ¯¯
24H
LIVE
SUPPORT
|


¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦                          ¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦              ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦      ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦            ¦¦¦¦¦¦¦¦¦¦¦¦¦¦            ¦¦¦¦¦¦¦
  ¦¦¦¦¦¦¦¦¦¦              ¦¦¦¦¦¦¦¦              ¦¦¦¦¦¦¦¦¦
  ¦¦¦¦¦¦¦¦¦¦¦¦          ¦¦¦¦¦¦¦¦          ¦¦¦¦¦¦¦¦¦¦¦
  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
  ¦¦¦¦¦¦¦¦¦
  ¦¦¦¦¦

NO KYC
REQUIRED
Cherylstar86
Sr. Member
****
Offline Offline

Activity: 1120
Merit: 252


View Profile
December 05, 2019, 12:10:59 PM
 #94

The effect of the next halving would probably be the same like the previous one. People witnessed the effect of last halving to the price of bitcoin and just like what happened in litecoin, the price increases because the people are so hyped up about the halving and it would be the same to bitcoin, people are now into bitcoin because all they want is fast money. Greediness will become the fuel for bitcoin to spike up and have a parabolic move again.
The litecoin halving happened recently and nothing happened as of yet and i am not expecting the price of litecoin to rally alone and people who are investing in any market is not looking for the novelty of the market and all they expect is to earn the profits through smart decisions and if people see the bitcoin market as the fastest way to earn profit then who can complaint that Wink.
The bearish market also contribute whether the halving could affect the market or not. people always believe that halving could bring double profit but that's not actually true. if the market is at good condition it could probably make the price double but otherwise when the market is bearish it will do nothing. atleast thats what i experienced from so many halving ive been through and its not something that we should put our hope in.

Each and everyone of us are really affected of what is happening right now. In which most of us didn't expect that it may reach as halve of the value of each coins. Also, we can't even control the market due to it's volatility and it's definitely relying the support of many here in crypto currency community.
meliodas
Sr. Member
****
Offline Offline

Activity: 742
Merit: 328

CryptoTalk.Org - Get Paid for every Post!


View Profile
December 05, 2019, 02:00:29 PM
 #95

In my opinion, the halving doesn't create deflation but the hype does. The hype is only the reason why the price is going up because if there is no hype then halving will not become special event because people will just disregard it and the miners will see it as a threat for their mining rigs and they will decide to abandon it just like what happened in litecoin.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $| 
Get 700 YoDollars for Free!
🏆
el kaka22
Legendary
*
Offline Offline

Activity: 1974
Merit: 1065


Crypto-Games.net: Multiple coins, multiple games


View Profile
December 06, 2019, 02:38:05 PM
Merited by Swordsoffreedom (1)
 #96

I think it is a longer projection than people may think. Everyone is wondering what will happen BEFORE the halving, what will happen AFTER the halving and all of that but nobody realizes there is a longer period that it will affect. From halving to later it will always be 900 per day instead of 1800, that means 900 less bitcoins mined every single day, in one day it is around 6 million dollars, in 30 days it is literally 180 million dollars, in 6 months it will come to 1 billion! dollars.

So, while you are discussing the price of bitcoin due to halving, don't look at one month before and one month after, after the halving there is no turning back and it will forever be missing out and miners will have to sell for higher eventually and the more hashrate comes the higher that will go too.

▄▄█████████▄▄
▄█████████████████▄
▄████▀▀▀▀█████▀▀▀▀████▄
████▀██████▀█▀██████▀████
██████████████████████████
▐█████▄███████████████▄█████▌
▐███████▄▄█████████▄▄███████▌
▐██████▀█████████████▀██████▌
▐███████████████████████████▌
▀██████████████████████▀
▀████▄████▄▀▀▄████▄████▀
▀███████▀███▀███████▀
▀▀█████████████▀▀
  ▀▀▀▀▀▀▀▀▀
|
★.★.★   8 GAMES   ★   WAGERING CONTEST   ★   JACKPOTS   ★   FAUCET   ★.★.★
  ▄▄▄
▄█ ▄▀█▄
██ ▄▀██
 ▀▄▄█▀
  ▄▄▄
▄█▀ ▀█▄
██   ██
 ▀█▄█▀
  ▄▄▄
▄█▀█▀█▄

 ▀███▀
  ▄▄▄
▄██▀▄█▄
██▀▄███
 ▀▄▄▄▀
  ▄▄▄
▄█ ▄▀█▄
██ █ ██
 ▀▄▄█▀
  ▄▄▄
▄▀▄▄▄▀▄
█▀▀▀▀▄█
 ▀███▀
  ▄▄▄
▄▀   ▀▄
█  █▄ █
 ▀▄██▀
  ▄▄▄
▄█▀ ▀█▄
██   ██
 ▀█▄█▀
  ▄▄▄
▀ █ ▀
▀▀▄▀▀
 ▀▄█▄
  ▄▄▄
▄█ ▄▀█▄
██ ▄▀██
 ▀▄▄█▀
|
Oneandpure
Sr. Member
****
Offline Offline

Activity: 756
Merit: 250

CryptoTalk.Org - Get Paid for every Post!


View Profile
December 06, 2019, 03:46:22 PM
 #97

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
Few month later for bitcoin halving but still not anything effect for bitcoin and altcoin price, right now price still down both bitcoin and altcoin, looks not have positive effect although bitcoin halving just few months later, maybe will grow up of bitcoin and altcoin price after one month later for bitcoin halving coming, we glad waiting what happen with bitcoin halving have good price or not.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $|
Get 700 YoDollars for Free!
🏆
Swordsoffreedom
Legendary
*
Offline Offline

Activity: 1218
Merit: 1050


WOLF.BET - Provably Fair Dice Game


View Profile
December 06, 2019, 07:20:21 PM
 #98

I think it is a longer projection than people may think. Everyone is wondering what will happen BEFORE the halving, what will happen AFTER the halving and all of that but nobody realizes there is a longer period that it will affect. From halving to later it will always be 900 per day instead of 1800, that means 900 less bitcoins mined every single day, in one day it is around 6 million dollars, in 30 days it is literally 180 million dollars, in 6 months it will come to 1 billion! dollars.

So, while you are discussing the price of bitcoin due to halving, don't look at one month before and one month after, after the halving there is no turning back and it will forever be missing out and miners will have to sell for higher eventually and the more hashrate comes the higher that will go too.
Good explanation. One could think that 900 bitcoins less per days won't have big impact on the market considering daily trading volume is around 1 million BTC on exchanges.
But
A lot of that trading is day trading when people sell and buy back soon after, preferably at lower price to make profit. On the other hand 1800 bitcoins that miners get every day, mostly get just sold. Miners sell bitcoins to pay for electricity and equipment, and they never buy back those bitcoins. So they only contribute to price decrease. While day traders who generate most of the trading volume, usually sell AND also buy so they also push the price up.
Fact is 900 bitcoins less will be sold per day, 27,000 BTC per month and this will have impact.

.WOLF.BET.▄███████████▄
███████    ████████████▄
███████    ███████   ▀██
██████████████████    ██
██    ██████████████████
██    ███████    ███████
█████████████    ███████
███████    █████████████
███████    ███████    ██
██████████████████   ▄██
██        ▀███████████▀
██
██

█████
  ███
  ███
  ███
  ███
  ███
  ███
  ███
  ███
  ███
  ███
█████


youdacapt
Sr. Member
****
Offline Offline

Activity: 924
Merit: 250


View Profile
December 06, 2019, 11:10:31 PM
 #99

In my opinion, the halving doesn't create deflation but the hype does. The hype is only the reason why the price is going up because if there is no hype then halving will not become special event because people will just disregard it and the miners will see it as a threat for their mining rigs and they will decide to abandon it just like what happened in litecoin.
deflation will form and emerge and especially when many traders realize that Mempool is flooding again, but the hype is still relatively related to market sentiment, miners, and networks. Litecoin comes in at a different time, I don't consider anything responsive after ltc halving, but bitcoin is in a more complicated halving zone, and every institutional opinion always drives the price reaction.
marcous
Hero Member
*****
Offline Offline

Activity: 1335
Merit: 501


View Profile WWW
December 07, 2019, 03:44:16 AM
 #100

Not deflation but reduced supply I guess, because halving day as a phenomenal event is risky if used as a reference for future price increases. However, what is clear, is that inflation and supply of Bitcoin units certainly decreased as happened in the previous year, 1 year after the halving moment, the price of Bitcoin increase drastically.
Pages: « 1 2 3 4 [5] 6 7 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!