Topic: BITCOIN HALVING? - page 4. (Read 4174 times)

Quote from: xhienigat on May 31, 2017, 09:08:27 AM

Do someone here know about bitcoin halving?
Is there a problem when bitcoin halving hits?
Is it better to buy bitcoin when bitcoin halving come?

I think by now you already know what bitcoin halving is and I don't think there was a problem when it occurred last 2016. It is also a speculation it'll happen in 2020 because the first one occurred on 2012 then the next happened in 2016, so rumors has it it'll happen 4 years after because of the year difference. And if eve that'll happen by then, it might be a good time to buy bitcoins too.

However, I emphasize that talking today, about the possible impact on the price of the next halving, is very premature
I think in the next 4 years we coud have a big thing: bitcoin fork...
ant this YES!!!for sure will affect the price of BTCC (Bitcoin Classic) and the new BTC(Bitcoin.)

Gotottack

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Do someone here know about bitcoin halving?
Is there a problem when bitcoin halving hits?
Is it better to buy bitcoin when bitcoin halving come?

I think by now you already know what bitcoin halving is and I don't think there was a problem when it occurred last 2016. It is also a speculation it'll happen in 2020 because the first one occurred on 2012 then the next happened in 2016, so rumors has it it'll happen 4 years after because of the year difference. And if eve that'll happen by then, it might be a good time to buy bitcoins too.

Uhh, that's not a rumor if you know what halving really is. Halving is not something that just occur out of the blue. It is a feature of bitcoins and it is hard coded in it's scripts that is why it happens. If you think it was just coincidence that it happens that way then you're quite wrong and you should read up on what bitcoins really are.

xhienigat

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Quote from: kevinn669 on May 30, 2017, 02:48:42 PM

Do someone here know about bitcoin halving?
Is there a problem when bitcoin halving hits?
Is it better to buy bitcoin when bitcoin halving come?

I think by now you already know what bitcoin halving is and I don't think there was a problem when it occurred last 2016. It is also a speculation it'll happen in 2020 because the first one occurred on 2012 then the next happened in 2016, so rumors has it it'll happen 4 years after because of the year difference. And if eve that'll happen by then, it might be a good time to buy bitcoins too.

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Quote from: just_Alice on May 30, 2017, 02:08:56 PM

Quote from: deisik on May 29, 2017, 03:34:59 AM

Quote from: krisnt80 on May 28, 2017, 08:35:10 PM

Its true the last halving at 2016 had been pumped the bitcoin at December, it were around 300-350 the all year till December when the coin went to 500 dollars, and near the halving it had reached 700, few days after the price had dropped to 500-600 dollars, soo you need to be smarter and buy as soon as possible before the halving, being 1 year or even sooner, because people will start to pump knowing the next halving is coming.

The price crashed a few weeks before the halving

And I had been telling about such a possibility a few months before the crash for the reasons I explained earlier in the thread (and back then). People en masse think essentially along the same lines, and ironically, they all think they are somehow different from the rest of the pack. It was not a rocket science to assume that they would think that most would try to cash out exactly after the halving, so they personally should cash out right before the event. Unsurprisingly, the price crashed when they all together had started to sell their bitcoins some time prior the halving

Hahah, that's funny, I didn't know that was happening before the halving. Same thing happens almost every time the price of bitcoin reaches a height never seen before. Everybody thinks it's time to sell, but the price is dropping so fast because of evrybody's selling that no one is happy.

Only those who wanted to buy bitcoin are happy. They have long waited for the moment when the price drops a little.
A little time will pass and we will again see how the price has reached heights.

True, those who want to buy BTC are happy when the price goes down significantly. But not all of them buy during those times, because it's frightening to do, not knowing to which point the dropping continues.

I still don't get it why do people want to cash out exactly after the halving? Isn't that more logical to expect the price rising after halving, so why to sell BTC then?

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Quote from: frowsiter on May 30, 2017, 01:20:44 PM

Quote from: digaran on May 30, 2017, 01:18:18 PM

Bitcoin halving is season when the value of bitcoin cut into half and then after a months bitcoin will double itself value.
Also bitcoin halving is ocassional there is substances that saying that bitcoin halving is the sign of bitcoin dissappearing but thats is a hoax bitcoin halving is big opportunity to all of the traders.

That is something new learning for myself. This concept doesn't seem to be much popular as halving and all never heard much on the forum itself. I'm very interested now for this event to happen. Looks like amazing opportunity to invest lot of bitcoin altogether. I mean o can double my bitcoin when the halving process goes and bitcoin doubles in its value. That is cool one.

When halving occurs, there is a chance that bitcoin price will be going up because the difficulty of mining a block will be cut in half as well. And as a result bitcoin will be scarce, the supply will be limited but the demand will spike, making bitcoin price to rise as well. And yes, it will be amazing opportunity to really invest, that's why some or most of the general investor as putting cash flow and investing on it for a long term.

The bitcoin halving is one of the biggest event that i'm waiting for because like said it will be a good opportunity for us to earn money because of the changes that will be made after the bitcoin halving event like the lessen of the supply and increase in mining difficulty and so on. So i think even we bought bitcoin for the high price, we can still make money if we hold them until bitcoin halving.

STT

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but I know Bitcoin will be priced at $5000+ when the next halving hits but no body believes me to invest on my opinion and nothing hurts more than having the knowledge but with no power to take action, it's like going back in time but yet being unable to do any jack regardless and that is my life now.

Investment does take capital, unfortunately opinions only count this way really. After using windows 1.0 I realised that it'd change alot for consumers, I couldnt know for sure it'd be a profit but on all probability the shares I thought were a buy. However I didnt really have money or knowledge of the market and by the time I did the price had risen. I didnt buy, MSFT shares kept going up for another five years after. Just always happens that way, if people dont have massive doubts on an idea to the point even bright ideas become obscure its abnormal really

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I doubt if current market cares about the 2000BTC mining reward because even if miners were getting 50 coins as the reward the demand is so high and growing by the hour that it wouldn't have made any difference.

No I think it matters, the effect is compounded by speculation. So there is lower supply and demand becomes more apparent, speculators take heed and increase ahead of what they see as a positive trend they can rely on for a return. This accelerates the demand and feedback means the demand is increased in that moment.

Just like nasty feedback on a microphone, at some point it becomes too much and the market is over speculating and price over develops to a point it must adjust and take profits or pullback to a commonly agreed point between supply and demand again.

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When halving occurs, there is a chance that bitcoin price will be going up because the difficulty of mining a block will be cut in half as well. ...

That has never happened.

... And as a result bitcoin will be scarce, ...

No more than at other times, and less so as more blocks are created.

... the supply will be limited ...

It is always limited.

Quote from: frowsiter on May 30, 2017, 01:20:44 PM

... but the demand will spike, ...

The halving has no effect on demand (except for speculators betting on a price rise fueled by fallacy).

TravelMug

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Quote from: HEWRA on May 30, 2017, 12:09:22 PM

Bitcoin halving is season when the value of bitcoin cut into half and then after a months bitcoin will double itself value.
Also bitcoin halving is ocassional there is substances that saying that bitcoin halving is the sign of bitcoin dissappearing but thats is a hoax bitcoin halving is big opportunity to all of the traders.

That is something new learning for myself. This concept doesn't seem to be much popular as halving and all never heard much on the forum itself. I'm very interested now for this event to happen. Looks like amazing opportunity to invest lot of bitcoin altogether. I mean o can double my bitcoin when the halving process goes and bitcoin doubles in its value. That is cool one.

When halving occurs, there is a chance that bitcoin price will be going up because the difficulty of mining a block will be cut in half as well. And as a result bitcoin will be scarce, the supply will be limited but the demand will spike, making bitcoin price to rise as well. And yes, it will be amazing opportunity to really invest, that's why some or most of the general investor as putting cash flow and investing on it for a long term.

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its not like that, we have already seen that halving does not really has big influence on price, indeed it changes the bounty for miners but last halving did pretty much nothing to the price overall.

You seem to misunderstand what halving is essentially about

It is not that on some day, on a certain date, something happens and after that things go on as per usual. A block reward halving means that starting on a certain date and further on the reward is diminished (halved). It means that it will remain halved till the next halving (when it gets halved again), and thus the total supply of new coins becomes half as much. If not for the Bitfinex hack in early August, 2016, we would most certainly have seen the effects of the July halving a few weeks (maybe, a month) after the correction that had happened right before the halving. Given the hack, the price started to climb from below 700 dollars per coin only in early October but all the way up. If we exclude two flash crashes that happened in the beginning of this year (due to the PBoC running over Chinese exchanges), the price was basically rising till now. And it may continue to rise, though the halving impact seems to be over by now (it might have already been exhausted when the price first reached 1,200 dollars per coin)

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Did you see that ludicrous display last night?

The halving doesn't particularly have to result in a rise in price. Miners would want it to, but Bitcoin price already far more than doubles in that period anyway, and more miners get into it.

I really don't get this myth that the price would suddenly double just because the block reward was cut in half. The price could rise at any time.

ImHash

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Quote from: frowsiter on May 30, 2017, 01:20:44 PM

Quote from: just_Alice on May 30, 2017, 02:08:56 PM

Bitcoin halving is season when the value of bitcoin cut into half and then after a months bitcoin will double itself value.
Also bitcoin halving is occasional there is substances that saying that bitcoin halving is the sign of bitcoin disappearing but that's is a hoax bitcoin halving is big opportunity to all of the traders.

That is something new learning for myself. This concept doesn't seem to be much popular as halving and all never heard much on the forum itself. I'm very interested now for this event to happen. Looks like amazing opportunity to invest lot of bitcoin altogether. I mean o can double my bitcoin when the halving process goes and bitcoin doubles in its value. That is cool one.

A bunch of nonsense, substances? after almost one year later of the last halving bitcoin has started to see the impacts of it, price just started to rise in the last month or so, and I believe we'll only see the price increase and not double, almost one year after the next halving, however with the daily volumes of trading which is 80 times the amount of bitcoins being mined, I doubt if current market cares about the 2000BTC mining reward because even if miners were getting 50 coins as the reward the demand is so high and growing by the hour that it wouldn't have made any difference. Whales and old time holders need to dump their precious coins no matter what, community demands it.

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Quote from: deisik on May 29, 2017, 03:34:59 AM

Quote from: krisnt80 on May 28, 2017, 08:35:10 PM

Its true the last halving at 2016 had been pumped the bitcoin at December, it were around 300-350 the all year till December when the coin went to 500 dollars, and near the halving it had reached 700, few days after the price had dropped to 500-600 dollars, soo you need to be smarter and buy as soon as possible before the halving, being 1 year or even sooner, because people will start to pump knowing the next halving is coming.

The price crashed a few weeks before the halving

And I had been telling about such a possibility a few months before the crash for the reasons I explained earlier in the thread (and back then). People en masse think essentially along the same lines, and ironically, they all think they are somehow different from the rest of the pack. It was not a rocket science to assume that they would think that most would try to cash out exactly after the halving, so they personally should cash out right before the event. Unsurprisingly, the price crashed when they all together had started to sell their bitcoins some time prior the halving

Hahah, that's funny, I didn't know that was happening before the halving. Same thing happens almost every time the price of bitcoin reaches a height never seen before. Everybody thinks it's time to sell, but the price is dropping so fast because of evrybody's selling that no one is happy.

Only those who wanted to buy bitcoin are happy. They have long waited for the moment when the price drops a little.
A little time will pass and we will again see how the price has reached heights.

just_Alice

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Quote from: deisik on May 29, 2017, 03:34:59 AM

Quote from: krisnt80 on May 28, 2017, 08:35:10 PM

Its true the last halving at 2016 had been pumped the bitcoin at December, it were around 300-350 the all year till December when the coin went to 500 dollars, and near the halving it had reached 700, few days after the price had dropped to 500-600 dollars, soo you need to be smarter and buy as soon as possible before the halving, being 1 year or even sooner, because people will start to pump knowing the next halving is coming.

The price crashed a few weeks before the halving

And I had been telling about such a possibility a few months before the crash for the reasons I explained earlier in the thread (and back then). People en masse think essentially along the same lines, and ironically, they all think they are somehow different from the rest of the pack. It was not a rocket science to assume that they would think that most would try to cash out exactly after the halving, so they personally should cash out right before the event. Unsurprisingly, the price crashed when they all together had started to sell their bitcoins some time prior the halving

Hahah, that's funny, I didn't know that was happening before the halving. Same thing happens almost every time the price of bitcoin reaches a height never seen before. Everybody thinks it's time to sell, but the price is dropping so fast because of evrybody's selling that no one is happy.

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Quote from: digaran on May 30, 2017, 01:18:18 PM

I've been trying to tell every body in this forum and every place I go, you need to buy Bitcoin now not later not 2 month from now and not 2 months before halving, you need to start mining, investing in this right now before it's too late, then later when price increases you'll thank me.
When hash ocean was operating and paying out on time price was swinging around $400-$500 I suggested(begged)a rich dude to give me $1m so I could just buy Bitcoin(however at that time I was thinking to buy 200 antminer and start a small mining farm)but he was a dickhead and wanted me to guarantee ROI for him which obviously I couldn't and still can't but I know Bitcoin will be priced at $5000+ when the next halving hits but no body believes me to invest on my opinion and nothing hurts more than having the knowledge but with no power to take action, it's like going back in time but yet being unable to do any jack regardless and that is my life now.

I think every time you can buy bitcoin because the price of bitcoin is increase every time. So they are still not late even the price of bitcoin is increasing you can buy bitcoin to get benefits of the price increase after few years..
You suggesting to mine bitcoin that honestly in some country its not profitable to use but in other country you can make a good profit.. So for now buying bitcoin is enough..

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Quote from: deisik on May 29, 2017, 04:05:02 AM

Bitcoin halving is season when the value of bitcoin cut into half and then after a months bitcoin will double itself value.
Also bitcoin halving is ocassional there is substances that saying that bitcoin halving is the sign of bitcoin dissappearing but thats is a hoax bitcoin halving is big opportunity to all of the traders.

That is something new learning for myself. This concept doesn't seem to be much popular as halving and all never heard much on the forum itself. I'm very interested now for this event to happen. Looks like amazing opportunity to invest lot of bitcoin altogether. I mean o can double my bitcoin when the halving process goes and bitcoin doubles in its value. That is cool one.

digaran

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I've been trying to tell every body in this forum and every place I go, you need to buy Bitcoin now not later not 2 month from now and not 2 months before halving, you need to start mining, investing in this right now before it's too late, then later when price increases you'll thank me.
When hash ocean was operating and paying out on time price was swinging around $400-$500 I suggested(begged)a rich dude to give me $1m so I could just buy Bitcoin(however at that time I was thinking to buy 200 antminer and start a small mining farm)but he was a dickhead and wanted me to guarantee ROI for him which obviously I couldn't and still can't but I know Bitcoin will be priced at $5000+ when the next halving hits but no body believes me to invest on my opinion and nothing hurts more than having the knowledge but with no power to take action, it's like going back in time but yet being unable to do any jack regardless and that is my life now.

STT

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That said, the Bitcoin monetary supply gets increased purely nominally since we don't know how many coins get lost for good every now and then. I guess we should also include to the lost amounts dust which is virtually impossible to move (due to high fees). In this manner, the available Bitcoin supply may in fact decrease slowly over time along with reward halvings

Actually great point but I think the opposite, which is that when they eventually unblock the log jam in bitcoin and allow any transaction to proceed then we'll see a release of all this lost dust possibly. Small amounts but possibly millions of accounts ? I dont know, maybe its not that significant a dynamic

I do think they change the bitcoin protocol to allow business because that is a requirement for capitalism. Name me a currency that doesnt allow for Cent or penny type value exchange. I'm always saying this crypto is too elitist still, from its origins of genius and the nerd like movement of knowing every little detail; however if they want to conquer the world then you need it usable by a person barely able to read and zero interest in your small print details

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the price increase is an assured as the ongoing demand for bitcoin will generate the decreased supply an increase in value.

The price is not assured, bitcoin is speculative. Purely on the basis of business done, the figures for it are quite small. Price increase is coming largely from macro economic situations globally favouring weak FIAT and an extreme incentive to diversify and find growth. Some of that growth is weed like and will die in the next winter, nothing is assured

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