Block reward halving and BC price - page 4.

odolvlobo

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Quote from: Drewski on February 22, 2016, 05:17:22 PM

But won't halving functionally double the cost of mining? And if the miners are facing doubled costs, the only answer is doubled prices.

I guess you could say the cost per mined bitcoin doubles, but that is complicated. It is simpler and more straightforward to say that the cost of mining stays the same, but the revenue drops by half, especially because when the dust settles the revenue really drops by less than half for the miners that remain.

I guess you mean by "the only answer is doubled prices" is that the only way for mining to remain unchanged is for the price to double. Mining is constantly changing. There is no reason why it should remain unchanged.

Drewski

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But won't halving functionally double the cost of mining? And if the miners are facing doubled costs, the only answer is doubled prices.

Wapinter

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That's right only the block reward is going to halve.This will not effect the supply of bitcoins because there would still more coins added albeit at reduced quantity.This will not create any scarcity of bitcoin and not much gap in demand and supply curve.If bitcoin price goes up,it would be because of market forces in operation at that time and not because of reward halving

Orielres

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Quote from: Jambolb2 on February 15, 2016, 04:13:11 AM

Quote from: MyBTT on January 31, 2016, 03:21:22 AM

I don' think that the price will double, but it may rise up to about $600 which is 1.5 times the price now.

The price could double, but it also depends on new money coming into the bitcoin economy. Without new money, the price will not rise.

Yes. We need more users of the bitcoin, if we have 1 million new users and each of them hold 1 bitcoin, it will raise the price quite a lot.

Jambolb2

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Quote from: MyBTT on January 31, 2016, 03:21:22 AM

I don' think that the price will double, but it may rise up to about $600 which is 1.5 times the price now.

The price could double, but it also depends on new money coming into the bitcoin economy. Without new money, the price will not rise.

n2004al

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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?

The post is not full correct and for the not correct part I have made a post before. Here I will comment only the part in bold. The answer for the part in bold is yes, the price should be increased for sure (if the financial rules of the centralized currencies would be able to have power even in the world of the decentralized currencies). But cannot be never told or predicted the amount because of to many other factors (existing or that can be created). But in one ideal situation (when everything remain as it was before the halving and the only parameter which change is the halving of the supply) the price would be doubled. But at 100% percent this situation cannot be verified never in the reality. This mean even that never cannot be predicted in what amount (and even if) would be the amount of this increase.

MyBTT

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I don' think that the price will double, but it may rise up to about $600 which is 1.5 times the price now.

steveds

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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?

Yes it is already increased considering the fact of halving.There is no more increase/pump in future.Though they could take it to 10k$ tonight but it is not likely to happen as it might destroy the Eco-system or its functioning.Nothing more than 30% for now.

flagpara

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You know, I just thought about something. What if EVERYONE expects the price to rise? So for weeks before the price will rise a lot because people are accumulating btc expecting for a rise. And the day of the halving... Well nothing happens because prices are already high enough to allow miners to earn money. Then price will crash because everyone panickally dump their coins :3

Orielres

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Quote from: okae on January 08, 2016, 10:06:57 AM

Even if im pretty sure that the price will raise i will not care about the halving, what has to happen will happen, but don't forget that bitcoin is not alone in the world there is a huge economy behind it, bitcoin will have a great success after the halvin just because of that, at least IMHO ofc Tongue

When bitcoin becomes bigger, the network effect will make it even bigger. That is similar to Tweet or Facebook.

icem3lter

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Quote from: flagpara on January 08, 2016, 09:38:14 AM

You know, I just thought about something. What if EVERYONE expects the price to rise? So for weeks before the price will rise a lot because people are accumulating btc expecting for a rise. And the day of the halving... Well nothing happens because prices are already high enough to allow miners to earn money. Then price will crash because everyone panickally dump their coins :3

Yea, this is most likely how it will play out. It's funny because Bitcoin has risen more than 10000% since its birth, and people think it has no potential if it does not continue that trend.

okae

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Even if im pretty sure that the price will raise i will not care about the halving, what has to happen will happen, but don't forget that bitcoin is not alone in the world there is a huge economy behind it, bitcoin will have a great success after the halvin just because of that, at least IMHO ofc Tongue

azguard

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Quote from: eternalgloom on January 07, 2016, 10:58:13 AM

Quote from: jayce on January 07, 2016, 08:55:50 AM

Quote from: Jambolb2 on January 07, 2016, 05:06:00 AM

If there is a pump, the price could reach $1500 or higher.

You are saying one of the most obvious thing, of course the price will go up if there is a pump because there isnt anyway for the price to increase unless someone decided to buy alot at once or alot of people buying small amount at the same time ( both are pump as well ) but there should be one coming since halving is near

I really hope there won't be a big bubble like that one in late 2013, when it crashes, it won't be a good thing for Bitcoin in general, though it would certainly survive a crash like that again.
We would just have months upon months of very low volatility then, I'm not a big fan of that either.

we can only speculate but remember that is only year started so anything can happen and expect till halving

flagpara

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Quote from: jayce on January 07, 2016, 09:24:13 AM

Quote from: Erkallys on January 07, 2016, 08:59:43 AM

I don't think the price will double, I think we'll more see a 25%-50% increase. However, if the price fall before it, we may see the price doucle or even triple then, but this would assume really specific conditions.

It will not be double but if we could reach another 10 % or 20 % increase than that is alot already. At the current price, 10 % is more than $40 and 20 % would be $80 that is some sweet profit for trading as most people own atleast 5 btc to trade, on average people have 10 btc to trade according to data

Where does that data come from?
Not that I don't trust you, but 10 btc is 4k$, which is a lot of money for an "average"

eternalgloom

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Quote from: jayce on January 07, 2016, 08:55:50 AM

Quote from: Jambolb2 on January 07, 2016, 05:06:00 AM

If there is a pump, the price could reach $1500 or higher.

You are saying one of the most obvious thing, of course the price will go up if there is a pump because there isnt anyway for the price to increase unless someone decided to buy alot at once or alot of people buying small amount at the same time ( both are pump as well ) but there should be one coming since halving is near

I really hope there won't be a big bubble like that one in late 2013, when it crashes, it won't be a good thing for Bitcoin in general, though it would certainly survive a crash like that again.
We would just have months upon months of very low volatility then, I'm not a big fan of that either.

icaruz

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Quote from: Decoded on January 07, 2016, 02:43:40 AM

There will surely be a price rise. Maybe even a pump. I predict the price will rise to the $600 to 700 in the few months before and after the halving.

it has started,bitcoin is going up fast just like a rocket,in reversal to oil which is going down .
so whats driving btc go up? i will hold my btc until the time it is ready to sell.

jayce

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Quote from: Erkallys on January 07, 2016, 08:59:43 AM

I don't think the price will double, I think we'll more see a 25%-50% increase. However, if the price fall before it, we may see the price doucle or even triple then, but this would assume really specific conditions.

It will not be double but if we could reach another 10 % or 20 % increase than that is alot already. At the current price, 10 % is more than $40 and 20 % would be $80 that is some sweet profit for trading as most people own atleast 5 btc to trade, on average people have 10 btc to trade according to data

Erkallys

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I don't think the price will double, I think we'll more see a 25%-50% increase. However, if the price fall before it, we may see the price doucle or even triple then, but this would assume really specific conditions.

jayce

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Quote from: Jambolb2 on January 07, 2016, 05:06:00 AM

If there is a pump, the price could reach $1500 or higher.

You are saying one of the most obvious thing, of course the price will go up if there is a pump because there isnt anyway for the price to increase unless someone decided to buy alot at once or alot of people buying small amount at the same time ( both are pump as well ) but there should be one coming since halving is near

Jambolb2

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Quote from: Decoded on January 07, 2016, 02:43:40 AM

There will surely be a price rise. Maybe even a pump. I predict the price will rise to the $600 to 700 in the few months before and after the halving.

If there is a pump, the price could reach $1500 or higher. The stock market is in turmoil at the moment. If 0.001% of that money comes to bitcoin, the price will be much higher.

Topic: Block reward halving and BC price - page 4. (Read 5569 times)