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TeeBone
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September 30, 2014, 10:29:25 AM |
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5 trillion according to the Cult.
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Hunyadi
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September 30, 2014, 10:36:52 AM |
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5 trillion according to the Cult.
This is true.
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▂▃▅▇█▓▒░B**-Cultist░▒▓█▇▅▃▂
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deepceleron
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September 30, 2014, 10:44:17 AM |
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It's not going to change at the halving. 3/4 of all bitcoin that will ever exist will be circulation by then, so 12.5 vs 25 btc a block means little. If the price of bitcoin is affected, it will be far in advance of the actual halving, because it is a well known event and everybody will have some speculation or theory of how it will affect price and think they are the smartest first player.
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noobtrader (OP)
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September 30, 2014, 11:25:05 AM |
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It's not going to change at the halving. 3/4 of all bitcoin that will ever exist will be circulation by then, so 12.5 vs 25 btc a block means little. If the price of bitcoin is affected, it will be far in advance of the actual halving, because it is a well known event and everybody will have some speculation or theory of how it will affect price and think they are the smartest first player.
but the real supply will be affected after the halving.
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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polynesia
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September 30, 2014, 02:37:44 PM |
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It's not going to change at the halving. 3/4 of all bitcoin that will ever exist will be circulation by then, so 12.5 vs 25 btc a block means little. If the price of bitcoin is affected, it will be far in advance of the actual halving, because it is a well known event and everybody will have some speculation or theory of how it will affect price and think they are the smartest first player.
but the real supply will be affected after the halving. All publicly available information (including next halving) is already factored in the current price. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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noobtrader (OP)
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September 30, 2014, 02:48:38 PM |
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It's not going to change at the halving. 3/4 of all bitcoin that will ever exist will be circulation by then, so 12.5 vs 25 btc a block means little. If the price of bitcoin is affected, it will be far in advance of the actual halving, because it is a well known event and everybody will have some speculation or theory of how it will affect price and think they are the smartest first player.
but the real supply will be affected after the halving. All publicly available information (including next halving) is already factored in the current price. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) thats exactly what they want you to believe
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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pitham1
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September 30, 2014, 06:50:46 PM |
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It's not going to change at the halving. 3/4 of all bitcoin that will ever exist will be circulation by then, so 12.5 vs 25 btc a block means little. If the price of bitcoin is affected, it will be far in advance of the actual halving, because it is a well known event and everybody will have some speculation or theory of how it will affect price and think they are the smartest first player.
but the real supply will be affected after the halving. Let us hope that people don't lose interest in bitcoins before the next halving. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Nagle
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September 30, 2014, 07:29:47 PM |
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The profitability of mining does not drive the price. Nor does the difficulty. Difficulty has gone to the moon while the price has gone nowhere.
Halving the block reward will halve the profitability of miners. There will be less miners. Since everybody knows this event is coming, and when, mining farms will time their equipment purchases so that they will reach end of profitable life at the halving.
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DeboraMeeks
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 30, 2014, 07:36:44 PM |
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There will most likely me a pump for a few $200s or so.. Then of course the dumpage
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moko666
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September 30, 2014, 07:38:25 PM |
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i think it will above 1000
bcoz till then difficulty to mine bitcoin will also rise a lot and block reward halving will also control supply to price to boost up
but the best option is wait and watch
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alexeft
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September 30, 2014, 07:50:18 PM |
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Way, waaaaaaaaaaaaaaay above $1k!!!
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noobtrader (OP)
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October 01, 2014, 01:52:38 AM |
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who are answering 0-10 usd ? is that you prof bitcorn ? ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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exocytosis
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October 01, 2014, 02:33:48 AM |
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Around $0.01.
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Bitcopia
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October 01, 2014, 02:46:13 AM |
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It's not going to change at the halving. 3/4 of all bitcoin that will ever exist will be circulation by then, so 12.5 vs 25 btc a block means little. If the price of bitcoin is affected, it will be far in advance of the actual halving, because it is a well known event and everybody will have some speculation or theory of how it will affect price and think they are the smartest first player.
but the real supply will be affected after the halving. All publicly available information (including next halving) is already factored in the current price. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I see this being thrown around here a lot, that all publicly available information is already factored into current price. And yes, that is true, but it implies that the reward halving will have no effect on future price which is not true. As people being to invest in Bitcoin after the block halving, there will be 1,800 coins created per day as opposed to the 3,600 we currently have. For simplicity, say those coins are valued at $1,000, and all other factors remain constant. Before reward halving, $3.6MM daily demand for bitcoins keeps the price steady. After the reward halving, $3.6MM daily demand for bitcoins increases the price significantly. TL;DR reward having is priced in to current price, however, it will significantly change the way demand influences market price after the halving occurs. Oh, and my vote: significantly higher than $1,000.
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jt byte
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October 01, 2014, 03:27:33 AM |
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when was the last halving ? if ever there was one of course ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Malin Keshar
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 01, 2014, 03:38:45 AM |
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when was the last halving ? if ever there was one of course ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Halvings happen every 4 years. Since the next one will be in 2016, I guess the last one was somewhere in 2012
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unpure
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October 01, 2014, 07:57:07 AM |
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Price might not change but many mining farms go out of business.
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noobtrader (OP)
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October 01, 2014, 08:18:33 AM |
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when was the last halving ? if ever there was one of course ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) oh dear... pls google when in doubt http://bitcoinmagazine.com/2842/block-reward-halving-a-guide/and pls tell me you are not miner, and dumping coin like no tommorrow because you think halving is a myth of bitcoinland.
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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noobtrader (OP)
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October 01, 2014, 08:21:51 AM |
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It's not going to change at the halving. 3/4 of all bitcoin that will ever exist will be circulation by then, so 12.5 vs 25 btc a block means little. If the price of bitcoin is affected, it will be far in advance of the actual halving, because it is a well known event and everybody will have some speculation or theory of how it will affect price and think they are the smartest first player.
but the real supply will be affected after the halving. All publicly available information (including next halving) is already factored in the current price. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) btw the comment above me says that halving never happen disprove your argument
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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