BITCOIN HALVING IS COMING!!! - page 2.

Red-Apple

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Quote from: speakreclusive on February 27, 2016, 10:30:50 AM

So it's very true when bitcoin halving occur, the price of Bitcoin will rise and it will never drop again?

i think it depends on how the price is going to rise.

if price rise continues as a steady slow rise over time and only rises because of more demand then it will never drop again.

but if there is a gox bot again which pumps the bitcoin with fake volume , this rise is fast and will fall again just like last time. but after the fall bitcoin is back to its normal rise again.

TheGodFather

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Hi can i ask?
I dont know meaning of halving what is this ?
Can anyone answer me in easy so i can understand fast

Za1n

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The halving will definitely have an effect on BTC's price as it is a significant development in its life-cycle. With that said, it will probably be a bigger effect than some give it credit for as well as a smaller effect than others are anticipating. It also does not necessarily need to happen at the same time.

I am sure some of the recent price rise has been priced in due to the upcoming halving already, but once it hits there will be an immediate decrease in daily supply hitting the market. I think the bigger impact will be after a lot of the hype settles down and the reduced supply slowly works its way through the market. This will probably take a year or so, as its initial impact will be more than offset by people selling to take advantage of the temporary price rise because of it.

In the end all you need to do is zoom out to the 7 year chart and look at the steady rise BTC has had. Ignoring the many (sometimes spectacular) peaks and valleys, you can see a steady growth over the years. Going from a few cents to over $400 in 7 years is quite the achievement, and if this were a company stock I do think anyone could claim is has been anything but a success.

speakreclusive

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So it's very true when bitcoin halving occur, the price of Bitcoin will rise and it will never drop again?

ATguy

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Quote from: BitcoinHodler on February 27, 2016, 09:33:21 AM

Quote from: Rotator on February 27, 2016, 07:53:16 AM

Can we expect doubling of price every time?

like halving will lead to less supply which means price going up.

If the demand is about the same the price could going up, but very slowly over many months. Afterall the 1800 less of Bitcoin daily supply does not represent much of all exchange volumes + not all of these newly mined Bitcoins are sold on exchanges.

But the future demand is more important to determine whether and how the price increases. So it is just speculation if you dont know future demand.

Farma

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bitcoin prices probably will rise high if it occurs, may be about 700 $ -800 $ whether it will happen at the end of the year? if we know when it will happen, I think this is the time to save bitcoin

bearex

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It is on bitcoinclock, but i think it is changing. It might be even sooner. I hope the price rises after though.

crazywack

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I think the implementation of Segwit is more interesting and will be more beneficial to the price then the halving.

When Segwit goes live in April I expect a nice price bump, people might try and play it off as something to do with the halving.

If successful with no hiccups it's going to help move this twards the moon.

enhu

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Quote from: CryingMidget on February 26, 2016, 03:43:39 AM

Quote from: lottery248 on February 26, 2016, 02:10:15 AM

supply halve + demand remain = price increase.
since the bitcoin price is now starting to increase, ready to buy more bitcoin for yourself to get rich. Tongue

if you mine bitcoins now, you can still earn a great amount of bitcoins until the halve.

Yup exactly you are right! But miners also will get benefit after halving by blocks like, they will get extra payment for their mining work.
So even miners also need not worry about it.

Some people sees it differently though.
if the supply increases, the current market cap will divided to all the number coins thus the value. This could be possible though. hope what will happen is the other way round as the exchange sites sells them more than its value while btc demands is constantly increasing.

BitcoinHodler

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Quote from: Rotator on February 27, 2016, 07:53:16 AM

Ok but what will happen next after halving? Price will continue to rise till another halving or what?
Can we expect doubling of price every time?
Rewards are smaller but mining costs are same. Huh

you can't expect anything, it is all speculations.

but there are facts to it also. like halving will lead to less supply which means price going up.
plus there is the fact that bitcoin is growing and the more people that uses it leads to higher prices. so in time you can expect price rise.

Rotator

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Ok but what will happen next after halving? Price will continue to rise till another halving or what?
Can we expect doubling of price every time?
Rewards are smaller but mining costs are same. Huh

shane

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Quote from: Rizky Aditya on February 27, 2016, 12:20:53 AM

It's going to come in about 136 days. I think that the price is going to reach about $600.

i think we can reach more than $600, in my opinion we can reach $800 (two fold of current price) .
block halving is very important to control bitcoin supply

ekoice

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Quote from: sanadas on February 27, 2016, 05:04:06 AM

Quote from: vinaha on February 26, 2016, 07:36:36 PM

Quote from: poptok1 on February 26, 2016, 04:16:24 AM

Hi
Was the halving designed from the bigining or is an outcome of big and unsuspected interest inBTC?

Satoshi programmed it to half every 210,000 blocks.

Pretty genius actually. Now when people are getting more familiar with bitcoin, the halving will have an impressive effect I think.

I think the block reward scheme used by Monero or Bytecoin is better. It reduces the reward every day.

Every one is dreaming and talking about bit coin halving in 2016 but no one can predict when and how it will start and bring smiles on all people's faces but for sure bit coin halving will appear very soon and start increasing after that no matter what's the limit.

ATguy

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Quote from: Patatas on February 27, 2016, 05:08:40 AM

How is it better than ? How will the miners make the money or do you think if the block rewards reduces daily,where it can end to ?

If you reduce the block rewards by some small percent daily you might get practically the same total final supply of 21 millions for Bitcoin as well, but it seems more complicated than once every long period like 4 years. Let assume the block reward today is 23.375 BTC, tommorow 23.365 and so on, well its just more complicated thats all

Patatas

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Quote from: sanadas on February 27, 2016, 05:04:06 AM

I think the block reward scheme used by Monero or Bytecoin is better. It reduces the reward every day.

How is it better than ? How will the miners make the money or do you think if the block rewards reduces daily,where it can end to ? NULL ? Who will conform the transactions then? The block reward and halving programmed by Satoshi is genius ,it is progmmatically accurate .

sanadas

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Quote from: vinaha on February 26, 2016, 07:36:36 PM

Quote from: poptok1 on February 26, 2016, 04:16:24 AM

Hi
Was the halving designed from the bigining or is an outcome of big and unsuspected interest inBTC?

Satoshi programmed it to half every 210,000 blocks.

Pretty genius actually. Now when people are getting more familiar with bitcoin, the halving will have an impressive effect I think.

I think the block reward scheme used by Monero or Bytecoin is better. It reduces the reward every day.

Rizky Aditya

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It's going to come in about 136 days. I think that the price is going to reach about $600.

allthingsluxury

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We will see if it results in a price increase. Technically, it should be price positive, as long as things continue on the same. Other factors can majorly affect the price although. Regardless, its another milestone in bitcoins history.

vinaha

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Quote from: poptok1 on February 26, 2016, 04:16:24 AM

Hi
Was the halving designed from the bigining or is an outcome of big and unsuspected interest inBTC?

Satoshi programmed it to half every 210,000 blocks.

Pretty genius actually. Now when people are getting more familiar with bitcoin, the halving will have an impressive effect I think.

CryingMidget

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Quote from: romero121 on February 26, 2016, 04:26:15 AM

Bitcoin halving is fast approaching. Some has suggested that the recent price increase also due to the halving thats gonna take place in a few months time. Now itself users started holding their valuable bitcoins so to make great profit.

Exactly It will fall on september only, Most probably It will fall on last week of september 2016 I think.

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