Halving can not be undone, it is a natural process, laid down in the code.
It is like the weather: a more or less clear that after spring comes summer, after summer should fall further - winter.
It's like the world cup, which can be seen only once every four years. In fact, the event is so special that you can call it unique. We do not even really know what effect it will have on the market price of Bitcoin.
Topic: Bitcoin halving to be canceled? - page 7. (Read 33718 times)
Wether we like it or not. Bitcoin halving will happen. It occurs every 4 years. Its possible for the value of it to increase but a sudden drop can occur also. Who knows ? Let's just wait what will happen in the future.
Where almost the peak oF this block halving and in some other point it really lift up the latest price of bitcoin as we can see we really saw a great result happens in bitcoin history,
And thats the power of halving and surely another price bend well be happen in the next 4 years so we better enjoy this price and hoping for big whales dump it more and more
Wether we like it or not. Bitcoin halving will happen. It occurs every 4 years. Its possible for the value of it to increase but a sudden drop can occur also. Who knows ? Let's just wait what will happen in the future.
I think no, bitcoin halving is still happen and we are waiting the halving now and by looking on the price right now, it's continuous rising and i think it's because the halving too.
Bitcoin halving is true and it will happen it cant be cancelled becasue there are so many people mining these days there need to come a halving only big companys will mine further.
No the halving is not gonna be canceled of course not, the bitcoin has a pretty good future so why would it be stopped.
The halving is gonna let the price increase for sure without any doubts.
It would be good for me if the halving is going to be canceled because at the moment the price is rising and people are trying to sell there coins before the halving comes in. The halving is gonna let the price increase for sure without any doubts.
If the halving is canceled then people can wait a bit longer before they sell there coins.
Bitcoin halving is for real and cant be cancelled so if you think he would be canceled because the miners are goint so fast that it is not profitable for others.
No the halving is not gonna be canceled of course not, the bitcoin has a pretty good future so why would it be stopped.
The halving is gonna let the price increase for sure without any doubts.
Bitcoin halving can never be cancelled ,because every four years halving takes its place,The halving is gonna let the price increase for sure without any doubts.
For some halving is a huge profit.
No the halving is not gonna be canceled of course not, the bitcoin has a pretty good future so why would it be stopped.
The halving is gonna let the price increase for sure without any doubts.
The halving is gonna let the price increase for sure without any doubts.
Money is what money does. And what it should do is facilitate the exchange of goods. Now compare the amount of goods that are sold and bought for Bitcoin (say, in dollar terms) with the amount of bitcoins directly exchanged for fiat (in the same dollar terms)...
Bitcoin will become a currency when it starts being used as a currency, i.e. for commerce, not for profiteering ("buy low, sell high")
It is being used already, so I can consider it as curreny. Steam wallet opened bitcoin as a new payment. Paying your bills using bitcoin, those things are already considered as using it in other things not just bitcoin for making a profit.Bitcoin will become a currency when it starts being used as a currency, i.e. for commerce, not for profiteering ("buy low, sell high")
These examples are few and far in between. Just yesterday I saw people complaining at the forum that a number of pornosites has stopped accepting Bitcoin as a payment method. It may be not related to Bitcoin itself (since these sites require you should be over 18), but you still can't get away from this fact...
Here's the link
The difference is only quantitative really. If something should threaten Bitcoin existence as such and uncapping it (or cancelling halving, for that matter) would save it, I have no doubts that all required changes will be made (hard fork or no hard fork)...
Necessity is the mother of invention
Necessity is the mother of invention
I know, but why it should be canceled? As I said, halving is one of the main points of Bitcoin, the first time in history we have a currency that cannot be produced indefinitely +
You can safely cross out "decentralized". Oh, wait, I already did that for you, I'm sorry
The main issue with your point is that Bitcoin is not a currency, and may never become such at all. So far it is no more than a speculative asset which intrinsic value (that of transactional utility since it pretends to be a currency) is next-to-nothing compared to its current market value (which is 99% sheer speculation)
They just now have to wait a long time until the value will reach a high value and that is the only thing that they have to do.
The difference is only quantitative really. If something should threaten Bitcoin existence as such and uncapping it (or cancelling halving, for that matter) would save it, I have no doubts that all required changes will be made (hard fork or no hard fork)...
Necessity is the mother of invention
Necessity is the mother of invention
I know, but why it should be canceled? As I said, halving is one of the main points of Bitcoin, the first time in history we have a currency that cannot be produced indefinitely +
You can safely cross out "decentralized". Oh, wait, I already did that for you, I'm sorry
The main issue with your point is that Bitcoin is not a currency, and may never become such at all. So far it is no more than a speculative asset which intrinsic value (that of transactional utility since it pretends to be a currency) is next-to-nothing compared to its current market value (which is 99% sheer speculation)
Why you don't see it as a currency? I don't believe its value is caused by speculation (I would say the speculation part could be not more than 10%, maybe slightly more at current price). Although I see many people here who don't believe in Bitcoin, but rather see the currency as a mere speculation, I still believe that much of the current value is given by people who see it as a currency which can retain or increase its value
Money is what money does. And what it should do is facilitate the exchange of goods. Now compare the amount of goods that are sold and bought for Bitcoin (say, in dollar terms) with the amount of bitcoins directly exchanged for fiat (in the same dollar terms)...
Bitcoin will become a currency when it starts being used as a currency, i.e. for commerce, not for profiteering ("buy low, sell high")
Nice topic, I will consider the miners would be leaving if the difficulty of mining would become extremely hard
therefore the worst case would arise alternatively left everybody with a greatest problem of all time regarding BTC mining.
Surely you mean small and medium miners, The big miners hardly will stop doing, only that it will become a more restricted number than now is, Compare this with the gold mines, the cost of extraction makes uneconomic for most but no so for some.therefore the worst case would arise alternatively left everybody with a greatest problem of all time regarding BTC mining.
Nice topic, I will consider the miners would be leaving if the difficulty of mining would become extremely hard
therefore the worst case would arise alternatively left everybody with a greatest problem of all time regarding BTC mining.
therefore the worst case would arise alternatively left everybody with a greatest problem of all time regarding BTC mining.
Surely you mean small and medium miners, The big miners hardly will stop doing, only that it will become a more restricted number than now is, Compare this with the gold mines, the cost of extraction makes uneconomic for most but no so for some.
Nice topic, I will consider the miners would be leaving if the difficulty of mining would become extremely hard
therefore the worst case would arise alternatively left everybody with a greatest problem of all time regarding BTC mining.
therefore the worst case would arise alternatively left everybody with a greatest problem of all time regarding BTC mining.
before all of you start thinking that this is a fake pump and the price will return to the previous point, i can tell you that it will not happen, as it did not happen that we returned to 230 after the pump to 450-500
It's simple math to tell us that the price will not go back to where it was. It is actually impossible based on the network difficulty and also the price of electricity combined with the supply being cut in half.The rules of simple math (or just the math) simply don't work where sentiment and emotions reign, and the whole conclusion is erroneous fundamentally. The price cannot be justifiable (legitimate, or anything of that kind) since it is not the difficulty of mining that determines it (just in case, the labor theory of value has long been abandoned). The causal relationship is in fact inverse, i.e. the difficulty depends on the price, not the other way round...
In other words, if the price tanks the difficulty would drop too in due course (since miners would start leaving). If the price hikes, the difficulty would follow soon thereafter
before all of you start thinking that this is a fake pump and the price will return to the previous point, i can tell you that it will not happen, as it did not happen that we returned to 230 after the pump to 450-500
It's simple math to tell us that the price will not go back to where it was. It is actually impossible based on the network difficulty and also the price of electricity combined with the supply being cut in half.before all of you start thinking that this is a fake pump and the price will return to the previous point, i can tell you that it will not happen, as it did not happen that we returned to 230 after the pump to 450-500
It's simple math to tell us that the price will not go back to where it was. It is actually impossible based on the network difficulty and also the price of electricity combined with the supply being cut in half. There was much hype about the Fed raising interest rates in 2015, but we are still there, at the lowest possible level (wtf, it is even no longer the lowest possible limit). Bitcoin halving in July, 2016, is talked about as much, but will it really happen?
I ain't sure
If someone is not believe on halving, so it doesn't mean that Halving will be canceled. I am using bitcoin because i believe on it, everyone know most of the other Cryptocurrencies are here, but people like bitcoin more than others, it is proof that they trust on it and also same situation on halving, if you say that halving is not coming, So what's going on?I ain't sure
Nothing. Mean it will come in his own time. No one can change, it is a big event, who made currency Bitcoin.
But of course it is hard to know what is going to happen in the future with the currency but it will have a long life I think.
I agree because halving is cannot totally be cancel because it was schedule to be happen amd for this state its almost halfway mark to be done so i really belive that this will continue untill july eventhough this is my first time to experience in halving but i really do research about it and what i found is it has great effect on bitcoins price although it has a threat for bitcoins big crash coming.
I dont think they canceled the halving i think the time is there to stop mining because it is not profitable anymore maybe for the bigger company's it is more profitable you know.
Jump to: