Topic: BITCOIN HALVING? - page 6. (Read 4223 times)

Seems to be a  miscomprehension by the speculating masses really.   The real effect of halving block reward is literally reducing supply of coins from that source, in effect cumulative not instantaneous is its inertia.    The alternative source of coins is free floated coins on exchange and other high cash activities, of course we have tons of casino and gambling done in bitcoin.   All that free supply of old coins is elevated by a reduced block reward.

Block reward is a kind of inflation to the money supply.   Its not terrible but its devaluing bitcoin with each block , of course famously Bitcoin only has 21 million maximum but still right now this effect is in play.   So when we decrease this inflation its effecting price.   This is part of the reason prices are rising now, of course markets over do it and get ahead of themselves but part of pressure of pirces is real too and bitcoin held by people who arent miners are worth a little bit more.

The miners themselves are more likely to kick up a fuss each time their 'pay' goes down.   They need to realise any normal successful system works by serving the masses, quantities (and quality) of transactions have to be allowed to rise.  The more rigid and brittle the thinking behind bitcoin, the more likely it will shatter into a thousand separate alternative pieces of crypto I think.  

https://youtu.be/YxclmijvQsA?t=185

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.

Unfortunately, a lot of people think like you and the price shoots up before the actual halving. So it is tough to get a good price on Bitcoin just before the halving. The halving is "priced in" long before the actual event.

the next halving is scheduled in 2020, probably early than the date of the one in 2016, the value will likely increase like it happened with this last halving

even so people were saying otherwise the value did increase after the halving, and it's partially the reason of this last pump, the value just increase with a delay, not exactly the same date

it's better if youbuy before the halving most of the time yes

This is a situation when the amount of new bitcoin created and earned by miners with each new block of transactions is about to be cut in half. It is part of bitcoin’s predictable, transparent monetary policy. When these sorts of changes in bitcoin’s inflation rate take place, it's known as a halving event. Let me explain better:

Whenever a miner solves a Bitcoin block he gets Bitcoins as a reward, that’s how Bitcoins come into this world. When Satoshi Nakamoto, the father hinself, set up the rules for the Bitcoin protocol he stated that the number of bitcoins generated per block is set to decrease geometrically (by 50%) every 210,000 blocks. Since 6 blocks are found on average within an hour and halving happens once every 210,000 blocks, this means that every 4 years (give or take) there will be a halving event which means that the reward the miners will be reduced to 50% of what it used to be.

The main reason why this is done is to keep inflation under control. One of the major faults of traditional, “fiat”, currencies controlled by central banks is that the banks can print as much of the currency as they want, and if they print too much, the laws of supply and demand ensure that the value of the currency starts dropping quickly.

Many bitcoin enthusiasts are convinced that the halving will have an immensely positive impact on the bitcoin price and it's true that the bitcoin price has risen quite substantially before leading up to the drop in the block reward. Whether this increase will continue after halving occurs is still up for debate.

The halving has its own ups and down. But it is one of the most special event for traders and many are going to hype the market months or weeks before the halving and when the halving is near a huge dump will occur and after the halving the price will again go back up. I remember what happened last halving many have been a victim of the pump and dump.

Rather than it being an immediate increase, it is most likely to be a gradual one that has already started. With a deflating currency, its value actually increases without much regard to its scarcity as long as the future scarcity is already known in advance. So in this case, because people know bitcoin will halve, there will not be any one point in time at which the value will go up. Of course, the value will shoot up somewhat near the halving, but this is because of other factors such as how not everyone knows about the halving and are caught off guard as well as day traders making their gambles.

The fees should increase even more (and sooner)

Apart from the fees, massive hype and heavy hysteria start typically a year before the actual event, and the price starts rising a few months till the halving. Since most people think they are smarter than the rest of the pack ("on a scale of one to ten, you probably think you're a seven, and you wouldn't be alone"), they will try to cash out a few weeks before the halving. But since they are just like others, the price will crash monumentally preceding the event (as it happened in 2016). The long term effects of halving will start to manifest themselves in about half a year after the halving

For sure the price of bitcoin will go up because the supply will decrease and the difficulty for the miners will go up so it will be hard to mine and the supply will not be that easy to get so if the demand will continue then the price of bitcoin will surely go up and soon it will become even more expensive than before.

Google knows a lot about what happens when, and why, Bitcoin halves. It also has a lot of valuable information to learn from regarding Bitcoin in general, believe it or not.
There is no problem when there is a halving with the block reward because it is a built-in feature that is supposed to occur at a set time, and everyone basically knows when it will happen.
Halvings typically just increase the value and it doesn't make it a better or worse time to invest, for the most part.

The next bitcoin halving  will happen on the  year 2020. Or you can check it here.
http://www.bitcoinblockhalf.com/

Although some people says that when halving takes place bitcoin increases its price.

Since there are lots of answers now about bitcoin halving, you can take that as reference and do some follow up study by searching on Google. The basics of it is easy to understand no worries.

Disregard bitcoin halving when we are talking about best time to buy since timing for this will depend on the current price movement. If you want to buy bitcoin then analyze the situation first if in what phase does the trend is currently sitting. We have bull market where continous price increase and bear market where most of the actions are dump. But if you want to disregard that thing then go buy at your own will and sees what will be the output. Since bitcoin will only moves forward, even the moment the price crash after you bought, surely it will revamp.

Well its one of the important sign for me when to buy bitcoins because of block halving the price can be increase more due to halving bitcoin block rewards so from 12.5 btc rewards they can mine every block of 6.25 btc..
Like other said if the demand is the same as before and the sources of bitcoin was reduce it will be affected the value of bitcoin so expect for the price increase after block halving..

I think before halving is it good to buy bitcoin because of it will come bitcoin block reward reduced by half from 12.5
So our source of bitcoin will reduce and if bitcoin is in demand expect that the price movement will increase fast..
Just like what happen last year the price was increase fast.

The last halving happened at June 2016 and the price went from 400 to 600-700 dollars before the halving, then dropped a bit and started to raise, the halving were a measure to make bitcoin get more value over time, knowing the halving does reduce the reward to half, it makes the price to double every 210 000 bitcoin blocks, the next one will happen at 2020, if you take into consideration the last halving the new price would be around 1200-1400 dollars, but we are already at those soo, the sky is the limit.

I think you are thinking wrong here sir, Bitcoin halving is not like that, it is like you are describing to us what is Forking and what might happen if that is made. Forking is different with Bitcoin Halving, and as the previous posts said, there will be no halving until 2020, so better to save your bitcoin now sir.

If bitcoin halves, it will be like a stock split.

There will be double the number of bitcoins there used to be.

Doubling the total number of coins(supply) could mean the value of btc will immediately decrease by half.

Then eventually one of the forks will die off and wind up unsupported.

It likely won't be the "dream deal" a lot of people expect where they end up with 2x coins at the same price.

But halving from the word itself half is it mean the price of the bitcoin turn into half right so meaning when the bitcoin halving happens you can buy as much as you want because it is too cheap.
Turn into half so after weeks or days bitcoin will back to its ceiling price am i right

hi!
check this nice sites:
http://bitcoinclock.com/
http://www.bitcoinblockhalf.com/
you can monitor halving ETA there!
To understand how bitcoin halving modify price, if it modify price, just take a look to previous halving...
here a nice article:
http://www.coindesk.com/making-sense-bitcoins-halving/

I think it is better to buy bitcoin before the halving come.  Bitcoin history shows that there is always an increase in price when bitcoin halving occurred.  So it would be best to buy bitcoin when bitcoin halving is a year away since hype start as early as six months from the halving events.  From that you can at least get a profit from the increase due to bitcoin halving hype.