plvbob0070
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January 14, 2020, 03:59:45 PM |
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Of course, it does. We all know that it plays an important role in Bitcoin and us. Even before 2020, most of us were already expecting so much about bitcoin halving. It was designed to be there because it has a purpose and a role. Actually halving is such a great idea by Satoshi. From the past halving, it gives a positive impact on bitcoin price and the upcoming halving, it will also cause a pump to the price. And lastly, this coming halving will determine if bitcoin will set a new all-time high price.
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turkandjaydee
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January 14, 2020, 04:28:45 PM |
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Vulnerable from what?
The 51% attack of course. Even the small miners have stopped their operation since long time ago
What I meant with small miners before was personal / family miners with a garage or warehouse full of mining stuff. if there's lost of hash in the process it will readjust the difficulty.
Yes, that means the difficulty will become lower. But what's the point of this? The hash rate is still lower than before. If that happens, difficulty and hash rate will adjust making it profitable and attracting new miners.
The difficulty will become lower in line with the hash rate which means the bitcoin network will be less secure for your information if so many miners are quitting, there'll always be someone who will take their role to get the profit.
The miners are quitting not to leave a room for a new miner, but because there is no more room for them.
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keyscore44
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January 14, 2020, 04:33:20 PM |
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Of course, it does. We all know that it plays an important role in Bitcoin and us. Even before 2020, most of us were already expecting so much about bitcoin halving. It was designed to be there because it has a purpose and a role. Actually halving is such a great idea by Satoshi. From the past halving, it gives a positive impact on bitcoin price and the upcoming halving, it will also cause a pump to the price. And lastly, this coming halving will determine if bitcoin will set a new all-time high price.
So in your opinion, halving event is to increase the price and achieve a new ATH? Halving is very well advised and one of the most important features of Bitcoin. Here is very interesting comment and prediction about coming halving from @theymos: Some have said that this halving won't have as much effect as the last two, but it's still a reduction in monetary inflation from 3.7%/yr to 1.8%/yr, which is far from nothing, and in fact I see it as permanently bringing BTC out of the inflationary era and into the deflationary era. I'm not sure that we'll see 20k again in 2020 (though it could happen), but I think that 10k+ is quite likely several months after the halving. Historically, the post-halving runup has happened some time after the halving, presumably after people started to really feel the reduced supply.
For now though I don't see enough enthusiasm or other upward pressure. To the institutional investors who most push the market, BTC is largely seen as "leveraged gold", but the US/worldwide economy looks fine for now on its surface, fiat inflation isn't a widespread concern, etc. (BTC also has fundamental value beyond its value as "gold" -- a hedge against inflation and fiat collapse --, but this is a large component of the price currently.) So absent any major news, I think that the trendline is slightly downward for now. ("Major news" would be mostly regulatory-related, such as an approved BTC ETF or increased regulatory pressure. Probably the downside risk is higher than the upside risk here.)
One point of upward pressure is that there may have been some tax-loss-harvesting sales in Q4, which would now disappear. Not sure how big of an effect this was. And you might justify early-year volatility as people locking in gains ASAP in tax year 2020.
I predict that we'll sit in the 6k-7k range for some time between now and the halving, and although I wouldn't be too surprised to see prices in the lower half of that range, I'll guess near the high end, leading to my prediction of 6751-6800 on April 1. On the other hand, I predict that the supply reduction as well as mounting worldwide economic shakiness will cause a large runup (at least above 10k) in the second half of 2020. In the unlikely event that I win, please donate the BTC to a BTC-accepting charity of your choice (eg. intelligence.org or fee.org). Source: https://bitcointalk.org/index.php?topic=5214437.msg53505941#msg53505941
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gweedo
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January 14, 2020, 04:39:10 PM |
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Certainly halving is very important to Bitcoin, Halving helps reduce the reward per block down and makes Bitcoin scarce. With the increasing demand of investors, but bitcoin is increasingly scarce, it will certainly help the price of bitcoin increase greatly. Like the previous two halving in the past, the price of bitcoin has risen sharply, so it is certain that this halving will also help bitcoin go up and we will see new ATH of bitcoin this year.
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xZork
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January 14, 2020, 04:49:46 PM |
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In all trading markets in general, when supply falls and demand remains the same, it will drive up prices and the bitcoin market will be no exception. As mining becomes tougher and the rewards become smaller and smaller, the price of bitcoin will rise. This we have seen in the past, every time bitcoin halves the price will increase sharply.
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AjithBtc
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January 14, 2020, 05:00:43 PM |
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Halving is termed to be the biggest event in the crypto market. Till date it has made big changes in the price of bitcoin as well as on altcoins. Halving taking place every four years too is a reason for it to get more importance. Over the past soon after or before the days close to halving the price used to pump much higher. The same is the expectation this year, lets hope for the best to take place.
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January 14, 2020, 05:04:35 PM |
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Historically the halvings have boosted the price. I expect the same to happen this year. It makes sense that if the mining reward gets cut in half that the price increases due to lower supply and less mining reward for the same amount of work.
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January 14, 2020, 06:30:23 PM |
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~snip~ Halving not just plays an important role in a growing market we have but it is very important to acquire.
I will consider this if it now the first time of bitcoin halving. But it seems we are now on the third time which proven from the first and second that usually, it will be pumped up after months of the halving. So analytically speaking, when halving will occur there is an effect that will happen even it is late. If you remember in the year 2017(the 2nd time of halving) the market price of bitcoin was drastically pump up. Infact, we dont really know what will happen next in the bitcoin price.
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sunsilk
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January 14, 2020, 08:22:26 PM |
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We know the purpose of halving and thinking that satoshi did ever thought of this event for bitcoin, he's really saw the possibility that it will help to improve the ecosystem of bitcoin. Historically the halvings have boosted the price. I expect the same to happen this year. It makes sense that if the mining reward gets cut in half that the price increases due to lower supply and less mining reward for the same amount of work.
It did boosted the prices after it but it will not be immediate as we can see right now. There are some other reasons why we are seeing the market starts to act like this but I don't have an idea why it's like that but everyone is loving it.
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Lizzylove1
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January 14, 2020, 08:39:37 PM |
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The general market is already reacting to some positive bull run, I can't say it's solely USA-Iran face off because there will be no war anymore. This halving that is coming up may be part of the many reasons why we are seeing some massive price growth, when we seems not to be expecting it soon.
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Yamifoud (OP)
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January 14, 2020, 10:18:07 PM |
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And I believe it so, in fact, the long-term effect of halving to the market price will help the traders to have a sustainable market gain and for the economic growth of crypto.
sorry to disappoint but that is not what halving does. you can simply take a look at hundreds of altcoins that had halvings and crashed hard because of it. the latest was one of the biggest altcoins called litecoin! your mistake is that you are generalizing what happens to bitcoin, to the entire market. the fact is that bitcoin price rises a lot due to halving only because there is an increasing demand for bitcoin in which case the halving only acts as the catalyst not the cause. It maybe I am wrong that point it out in general and I don't find out or even see Bitcoin's halving has a negative impact on altcoins (esp. for litecoin) during the last halving 2016. Because I always consider this Bitcoin halving is a reward for all, in fact, most altcoins have also an increase in their price at that time. But it is no wonder why that those altcoins that are dead already will be dead at all and don't have a chance to twist their current position.
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pooya87
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January 15, 2020, 05:19:52 AM |
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if you look at block reward halving as a design to have a finite supply and a controlled supply distribution ( https://en.bitcoin.it/wiki/Controlled_supply) then yes, halving plays a very important role in the crypto world as the combination of having a cap and decreasing the reward is making it deflationary. but when you think of halving as a price pumper then no it has no role to play whatsoever. specifically not in crypto market as a whole. when speaking of the market, the demand is the more important factor not the supply.
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Beparanf
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January 15, 2020, 05:26:14 AM |
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The general market is already reacting to some positive bull run, I can't say it's solely USA-Iran face off because there will be no war anymore. This halving that is coming up may be part of the many reasons why we are seeing some massive price growth, when we seems not to be expecting it soon.
Not expecting and just letting it be helps a lot to not put hype and FUD. It can only be because of halving but the effect is really seen that the price is indeed increasing, we need to still be updated so we can buy at lower price before halving took place.
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TanakabZX
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January 15, 2020, 07:18:35 AM |
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It still depends on what will happen after the halving, i think the fate of bitcoin future is in the miners hands, there might be issue if miners get reduced, i know new asic miners will rise from the deep but will miners keep mining bitcoin even when the block reward has been cut in half?
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January 15, 2020, 07:43:13 AM |
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I think bitcoin halving will play an important role for crypto currency, we just saw it today on coinmarketcap.com almost all green altcoins for some reason we are heading for halving, we know bitcoin halving reduces the block reward is the same as reducing the number of bitcoins in circulation and printed every day, the less bitcoin is printed and the higher the demand it will obviously increase the price and the value of bitcoin itself will usually have an effect or impact on other crypto currencies
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riso2015
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January 15, 2020, 08:23:11 AM |
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I think bitcoin halving will play an important role for crypto currency, we just saw it today on coinmarketcap.com almost all green altcoins for some reason we are heading for halving, we know bitcoin halving reduces the block reward is the same as reducing the number of bitcoins in circulation and printed every day, the less bitcoin is printed and the higher the demand it will obviously increase the price and the value of bitcoin itself will usually have an effect or impact on other crypto currencies
What if the opposite happens? If the less Bitcoin is printed and low in demand, I think the price of Bitcoin won't change if that's the case. Many people are sure that later after Halving the price of Bitcoin and other Altcoins will increase dramatically, but they forget if later it turns out that demand is getting lower because rewards given to Miners are reduced so Miners are reluctant to mining.
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Driggers95
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January 15, 2020, 09:10:52 AM |
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Certainly halving is very important to Bitcoin, Halving helps reduce the reward per block down and makes Bitcoin scarce. With the increasing demand of investors, but bitcoin is increasingly scarce, it will certainly help the price of bitcoin increase greatly. Like the previous two halving in the past, the price of bitcoin has risen sharply, so it is certain that this halving will also help bitcoin go up and we will see new ATH of bitcoin this year.
I also understand that this event is important and, as it means, this halving will make bitcoin more rare, especially when the demand for bitcoin is constantly increasing, it can is the starting point for the value of bitcoin to reach an historic milestone but usually, that's just the case when things are positive but this market too many problems can break the normal logic. I am not sure if halving will be an important contribution or it is just a net for fishes like us to plunge into, a lot of things are suspicious in halving
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Leonardo7
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January 15, 2020, 11:02:35 AM |
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Of course, halving will have a positive impact on the market as the miners' rewards are reduced by half, this calls for caution coupled with the increasing difficulty level in bitcoin mining. People will sentimentally want to hoard their bitcoin creating some kind of scarcity and high demand resulting in a price hike.
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bitvalak
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January 15, 2020, 11:37:30 AM |
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Of course it's important because this will shape the overall psychology of the bitcoin market. Creating a positive thing in the market due to a reduction in the circulation of bitcoin. So that there is a possibility that prices will rise slowly. This has happened more than once since bitcoin existed.
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Yatsan
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January 15, 2020, 12:49:44 PM |
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if you look at block reward halving as a design to have a finite supply and a controlled supply distribution ( https://en.bitcoin.it/wiki/Controlled_supply) then yes, halving plays a very important role in the crypto world as the combination of having a cap and decreasing the reward is making it deflationary. Well halving is designed for bitcoin to become the digital gold making it to the limit will make it stable if all were going to accumulate and it will going to be the highest in economic class. The deflationary aspect of bitcoin is given by that event on which the exact time and date of occurrence is still unsure but most of the estimation based on pattern of the past halving is on last week of May up to June. but when you think of halving as a price pumper then no it has no role to play whatsoever. specifically not in crypto market as a whole. when speaking of the market, the demand is the more important factor not the supply.
price pumper? I guess it does since every halving follows by a high demand resulting the price to increase and I think the trendiness of bitcoin compare to the last halving that occurred in 2016 is way bigger than it is now so most probably that will going to have a massive impact on bitcoin price although 85% of total supply has been mined. Does it play a vital role? for me it's a YES.
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