Block reward halving and BC price | Bitcointalksearch.org

Orielres

newbie

Activity: 61

Merit: 0

Quote from: ?? on ??

Quote from: BitcoinjunkieZ on June 25, 2016, 07:26:36 PM

Quote from: ?? on ??

Quote from: DimensionZ on April 13, 2016, 09:30:46 AM

The truth is no one really knows what will happen. Everyone is throwing out wild guesses about what the price of Bitcoin will be after the halving but the general expectation is that the price would rise. I have seen people claiming the price will crash but to me they sound like alt coin hoarders probably having invested a lot in Ethereum and want to undermine Bitcoin. The logical outcome would be an increase in value however I am not 100% sure to put my house on the line.

Well man I agree with you. I think time will tell what will happen to the prices of bitcoin, ethereum and other altcoins. It is hard to predict because halving don't always bring a rise in price.

i agree with you but it could also spread a little as you can also see since the DAO Attack. Since then the ETH is a little more under the rate to the BTC actually.

O agree with you all. It is also possible that it will just be stable on halving time since everyone is holding. I think bitcoin will probably reach 900$ on halving.

It is possible for the price to reach $900 after halving. But more realistically, the price will be around $800.

BitcoinjunkieZ

member

Activity: 96

Merit: 10

Quote from: ?? on ??

Quote from: DimensionZ on April 13, 2016, 09:30:46 AM

The truth is no one really knows what will happen. Everyone is throwing out wild guesses about what the price of Bitcoin will be after the halving but the general expectation is that the price would rise. I have seen people claiming the price will crash but to me they sound like alt coin hoarders probably having invested a lot in Ethereum and want to undermine Bitcoin. The logical outcome would be an increase in value however I am not 100% sure to put my house on the line.

Well man I agree with you. I think time will tell what will happen to the prices of bitcoin, ethereum and other altcoins. It is hard to predict because halving don't always bring a rise in price.

i agree with you but it could also spread a little as you can also see since the DAO Attack. Since then the ETH is a little more under the rate to the BTC actually.

Jambolb2

sr. member

Activity: 444

Merit: 250

Quote from: Orielres on May 20, 2016, 12:48:56 PM

Quote from: Jambolb2 on April 27, 2016, 02:12:42 AM

Quote from: DimensionZ on April 13, 2016, 09:30:46 AM

The truth is no one really knows what will happen. Everyone is throwing out wild guesses about what the price of Bitcoin will be after the halving but the general expectation is that the price would rise. I have seen people claiming the price will crash but to me they sound like alt coin hoarders probably having invested a lot in Ethereum and want to undermine Bitcoin. The logical outcome would be an increase in value however I am not 100% sure to put my house on the line.

I am fairly certain that the halving will reduce the issurance of new coins. So when the halving comes, the price could rise.

It also depends on the demand of the bitcoin. The Ethereum has good demand for it to be used in the DAO.

There could be other applications based on the Etehreum. One example is Augur, the prediction tool.

Orielres

newbie

Activity: 61

Merit: 0

Quote from: Jambolb2 on April 27, 2016, 02:12:42 AM

Quote from: DimensionZ on April 13, 2016, 09:30:46 AM

The truth is no one really knows what will happen. Everyone is throwing out wild guesses about what the price of Bitcoin will be after the halving but the general expectation is that the price would rise. I have seen people claiming the price will crash but to me they sound like alt coin hoarders probably having invested a lot in Ethereum and want to undermine Bitcoin. The logical outcome would be an increase in value however I am not 100% sure to put my house on the line.

I am fairly certain that the halving will reduce the issurance of new coins. So when the halving comes, the price could rise.

It also depends on the demand of the bitcoin. The Ethereum has good demand for it to be used in the DAO.

Jambolb2

sr. member

Activity: 444

Merit: 250

Quote from: DimensionZ on April 13, 2016, 09:30:46 AM

The truth is no one really knows what will happen. Everyone is throwing out wild guesses about what the price of Bitcoin will be after the halving but the general expectation is that the price would rise. I have seen people claiming the price will crash but to me they sound like alt coin hoarders probably having invested a lot in Ethereum and want to undermine Bitcoin. The logical outcome would be an increase in value however I am not 100% sure to put my house on the line.

I am fairly certain that the halving will reduce the issurance of new coins. So when the halving comes, the price could rise.

DimensionZ

sr. member

Activity: 350

Merit: 251

Shit, did I leave the stove on?

The truth is no one really knows what will happen. Everyone is throwing out wild guesses about what the price of Bitcoin will be after the halving but the general expectation is that the price would rise. I have seen people claiming the price will crash but to me they sound like alt coin hoarders probably having invested a lot in Ethereum and want to undermine Bitcoin. The logical outcome would be an increase in value however I am not 100% sure to put my house on the line.

FabioDelcatto

sr. member

Activity: 336

Merit: 250

Quote from: Mr. Big on April 08, 2016, 12:09:18 AM

Quote from: hasiramasenju on April 07, 2016, 11:56:59 PM

people always be talking about Block reward halving and some people said prices will increase after that and some people again said the prices will down and i don't know Which one will right but my hope is Block reward halving will be good for bitcoin and bitcoin users

We should trust those elders here who says that there will be an increase after the halving..I too have the same feeling of being confused, but if we do the math, the supply of fresh coins after the halving would only be half which I think could make the price increase...But of course we could not just under estimate the amount of coins which will be dumped by those who are holding now..

You never know what the halving will bring around this time, as you can see you see that the value is not even rising and that halving is also coming so that is bad.
I also dont even think that the value will be that more after the halving.

Jambolb2

sr. member

Activity: 444

Merit: 250

Quote from: Rizla2345 on April 08, 2016, 08:32:49 PM

Total hash power has gone up by a whopping 175% in the last six months. Those are some massive investments. I wonder how much 800 million GH/s costs. Presently there´s almost 1.3 billion GH/s chasing that fixed daily amount of bitcoins. What will happen when that catch get cut by half overnight? Will much of it simply go belly up or will the price of bitcoin rise to keep most of this mass in the money and therefore mining? After all the blockchain is the foundation of bitcoin and I guess it requires some major mining ongoing on a regular basis to function properly.

Some of the home miners will stop mining but if they treat it as a hobby, they will keep on mining.

Rizla2345

full member

Activity: 238

Merit: 100

Total hash power has gone up by a whopping 175% in the last six months. Those are some massive investments. I wonder how much 800 million GH/s costs. Presently there´s almost 1.3 billion GH/s chasing that fixed daily amount of bitcoins. What will happen when that catch get cut by half overnight? Will much of it simply go belly up or will the price of bitcoin rise to keep most of this mass in the money and therefore mining? After all the blockchain is the foundation of bitcoin and I guess it requires some major mining ongoing on a regular basis to function properly.

The Sceptical Chymist

legendary

Activity: 3500

Merit: 6981

Top Crypto Casino

Quote from: lister storm on April 06, 2016, 03:05:35 PM

Quote from: romero121 on April 06, 2016, 04:53:05 AM

Quote from: The Sceptical Chymist on April 05, 2016, 08:19:20 PM

Yes, I believe the halving has been baked in already. I have said this before, but since this is not some new event we should expect the bitcoin market to at least be a little bit efficient. I'm watching this, I can't wait until it happens so we can see if we're going to get a price spike.

Bitcoin will give profitable price before halving. Long time no increase, so its expected to circulate between $425 to $450 by the coming months.

i dont think that the price will be so low, im pretty sure there should be a huge upwards trend in an upcoming two months or so what will push the price significantly up

i hope that bitcoin price will grow a lot during the halving as i have some bitcoins and i hope that this investment will earn me some good money in a long run

Dude if you were CERTAIN that the halving would bring a price increase, wouldn't you bet absolutely everything you had on it? I don't think people who say the halving is going to spike the price are doing that. I don't know that for sure, but my guess is it's a bit of a bluff.

Rizla2345

full member

Activity: 238

Merit: 100

Quote from: luciann on April 08, 2016, 04:59:16 PM

Quote from: Rizla2345 on April 08, 2016, 04:09:10 PM

Quote from: yenxz on April 08, 2016, 01:46:50 PM

Quote from: Matias on January 04, 2016, 05:37:23 AM

Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?

sure? 1.4 milion dollar everyday? never hear this statistic,can you show me some source?
its possible if bitcoin price become double than now,but not sure about that,just guessing from some people.

The average block generation time of a bitcoin block is ten minutes. This block discovery is rewarded with 25 bitcoins. So, you have circa 3600 bitcoins being mined per day, worth about 1.5 million dollars.

The block generation time decreases if more hash is added and vice versa. This reverts back to ten minutes every 2016 blocks mined, by an adjustment of the difficulty.

This all changes, when the block reward is no longer 25 bitcoins lol. in a couple months.

If its halved, then its 12 something in decimals, which makes it people go frenzy. The true question is, what happens when we hit the 210,000,000 mark hard code.

Well, yeah the amount mined per day will be cut by half in a few months as we know. So it will go from ca. 3600 to ca. 1800 bitcoins. How this will affect the price is difficult to say. As for mining; I guess plenty of mining gear will be turned off instantly. Probably to be replaced with much more advanced equipment, I´m not so familiar with how that is going. It´ll be a radical change, total hash rate has ballooned dramatically since last fall, miners have obviously been trying their best to make the most before the halving.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: icecube45 on April 08, 2016, 05:00:27 PM

when does the block halving start? Is it even profitable to mine btc anymore at all?

The halving occurs at block 420,000. Look here: http://bitcoinclock.com/

At that point, only the most efficient miners will be able to continue mining profitably. Regardless, some portion of miners will continue to mine at a loss.

icecube45

legendary

Activity: 1218

Merit: 1000

when does the block halving start? Is it even profitable to mine btc anymore at all?

luciann

sr. member

Activity: 252

Merit: 250

Quote from: Rizla2345 on April 08, 2016, 04:09:10 PM

Quote from: yenxz on April 08, 2016, 01:46:50 PM

Quote from: Matias on January 04, 2016, 05:37:23 AM

Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?

sure? 1.4 milion dollar everyday? never hear this statistic,can you show me some source?
its possible if bitcoin price become double than now,but not sure about that,just guessing from some people.

The average block generation time of a bitcoin block is ten minutes. This block discovery is rewarded with 25 bitcoins. So, you have circa 3600 bitcoins being mined per day, worth about 1.5 million dollars.

The block generation time decreases if more hash is added and vice versa. This reverts back to ten minutes every 2016 blocks mined, by an adjustment of the difficulty.

This all changes, when the block reward is no longer 25 bitcoins lol. in a couple months.

If its halved, then its 12 something in decimals, which makes it people go frenzy. The true question is, what happens when we hit the 210,000,000 mark hard code.

Rizla2345

full member

Activity: 238

Merit: 100

So, you have a fixed amount of bitcoins being mined per day. This fluctuates a little between these difficulty adjustments which take place every 2016 blocks (12-14 days) and evens out at just about 3600 bitcoins per day.

Rizla2345

full member

Activity: 238

Merit: 100

Quote from: yenxz on April 08, 2016, 01:46:50 PM

Quote from: Matias on January 04, 2016, 05:37:23 AM

Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?

sure? 1.4 milion dollar everyday? never hear this statistic,can you show me some source?
its possible if bitcoin price become double than now,but not sure about that,just guessing from some people.

The average block generation time of a bitcoin block is ten minutes. This block discovery is rewarded with 25 bitcoins. So, you have circa 3600 bitcoins being mined per day, worth about 1.5 million dollars.

The block generation time decreases if more hash is added and vice versa. This reverts back to ten minutes every 2016 blocks mined, by an adjustment of the difficulty.

yenxz

sr. member

Activity: 294

Merit: 250

Quote from: Matias on January 04, 2016, 05:37:23 AM

Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?

sure? 1.4 milion dollar everyday? never hear this statistic,can you show me some source?
its possible if bitcoin price become double than now,but not sure about that,just guessing from some people.

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Quote from: Orielres on April 08, 2016, 08:58:54 AM

The bitcoin price will in the $600 to $900 range during the halving period. The year end price could be higher.

As mentioned by above mate the year end price will be higher only if the halving gives a peak increase in price. Without that with the technological and gradual increase price can be seen between $500 to $600.

Orielres

newbie

Activity: 61

Merit: 0

The bitcoin price will in the $600 to $900 range during the halving period. The year end price could be higher.

target

legendary

Activity: 2282

Merit: 1041

i would assume the price will go up due to the decrease of btc supply while the demand is higher. The price stay 420+ even when there are altcoins going stronger everyday. those altcoins still are being converted into btc and so btc will still circulate with more users after halving... miners however would have to rethink of thier business. less miners will still make btc price go up.

Topic: Block reward halving and BC price (Read 5568 times)