BTC halving | Bitcointalksearch.org

romero121

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Quote from: gkv9 on April 03, 2016, 05:22:40 PM

Quote from: zodiac3011 on March 09, 2016, 09:59:26 AM

the fact that the bitcoin halving is coming soon has been mentioned many and many times in both economics and beginners and help sections. the concept for the halving is quite simple but effective to push the bitcoin price up. If the demand stays constant and the supply suddenly drops despite being foreseen, this will push the price up and keep bitcoin alive or at least that's what we all speculate

The concept is simple, rewards are going to get halved...
But not necessarily will this push the price up, as it could even have negative effects, people could leave BTC as they might not find it comfortable to either mine or trade at such high/low prices whatever we will witness...

Absolutely nothing can be in accurate with bitcoin technology. Only when block halving is experienced we would know about the pricing factor. Surely bitcoin price won't make users feel uncomfortable in trading or mining because already in the past it has felt very low price and a huge on the past halving.

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Quote from: zodiac3011 on March 09, 2016, 09:59:26 AM

the fact that the bitcoin halving is coming soon has been mentioned many and many times in both economics and beginners and help sections. the concept for the halving is quite simple but effective to push the bitcoin price up. If the demand stays constant and the supply suddenly drops despite being foreseen, this will push the price up and keep bitcoin alive or at least that's what we all speculate

The concept is simple, rewards are going to get halved...
But not necessarily will this push the price up, as it could even have negative effects, people could leave BTC as they might not find it comfortable to either mine or trade at such high/low prices whatever we will witness...

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Quote from: zodiac3011 on March 09, 2016, 09:59:26 AM

the fact that the bitcoin halving is coming soon has been mentioned many and many times in both economics and beginners and help sections. the concept for the halving is quite simple but effective to push the bitcoin price up. If the demand stays constant and the supply suddenly drops despite being foreseen, this will push the price up and keep bitcoin alive or at least that's what we all speculate

Yes. The bitcoin price is determined eventually by the supply and demand. If the supply halves, but the demand does not increase, the price will still not rise.

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the fact that the bitcoin halving is coming soon has been mentioned many and many times in both economics and beginners and help sections. the concept for the halving is quite simple but effective to push the bitcoin price up. If the demand stays constant and the supply suddenly drops despite being foreseen, this will push the price up and keep bitcoin alive or at least that's what we all speculate

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Quote from: CryingMidget on March 08, 2016, 10:17:28 AM

Quote from: BTCBinary on March 06, 2016, 06:57:18 PM

The halving will reduce the mining reward to half the coins in a block. So Miners will start receiving 12.5BTC instead of the current 25 bitcoin block reward.
It will affect the price somehow because it will affect directly the quantity of bitcoin supply

Yeah I would agree with that and price will get increase accordingly to supply and demand of bitcoins. halving will make big change in Bitcoin adoption and value.

I hope it does increase the bitcoin price and the demand remains stable or increases which can help the price move upward. It may take a longer time to confirm transactions if the miner's reward decreases and we can already see the effect now. Hope it doesn't cause many users moving away from bitcoins.

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Quote from: Fasunathan on March 07, 2016, 03:20:39 AM

Quote from: n0ne on March 05, 2016, 10:45:09 PM

Bitcoin halving is very near. As halving comes closer the price of Bitcoin will decrease continuously and it goes high after halving.

It is still about 4 months away. So the price is in the lower $400 ranges. When it is near the halving date, the price will rise.

I don't think the price will grow when it gets closer to halving. I think bitcoin will experience a sudden increase on halving.

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Quote from: BTCBinary on March 06, 2016, 06:57:18 PM

The halving will reduce the mining reward to half the coins in a block. So Miners will start receiving 12.5BTC instead of the current 25 bitcoin block reward.
It will affect the price somehow because it will affect directly the quantity of bitcoin supply

Yeah I would agree with that and price will get increase accordingly to supply and demand of bitcoins. halving will make big change in Bitcoin adoption and value.

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Quote from: Fasunathan on March 07, 2016, 03:20:39 AM

Quote from: n0ne on March 05, 2016, 10:45:09 PM

Bitcoin halving is very near. As halving comes closer the price of Bitcoin will decrease continuously and it goes high after halving.

It is still about 4 months away. So the price is in the lower $400 ranges. When it is near the halving date, the price will rise.

That's not necessarily true. People, especially Bitcoin newbies with hopes of making a quick profit from the halving should be careful not to invest more than they can afford to lose. If it were a sure thing, everyone would be selling their houses and buying Bitcoin and tripling their money just like that. Everything about the halving is pure speculation, the price may or may not rise.

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Quote from: Fasunathan on March 07, 2016, 03:20:39 AM

It is still about 4 months away. So the price is in the lower $400 ranges. When it is near the halving date, the price will rise.

Time surely goes faster than what you are expecting, 4 months is not a huge amount of time. The current price doesnt indicate that it will be higher when the halving comes as we are almost 100 % higher than the price from the last 6 months and definitely this rise in the price is because of the halving so there wont be any huge difference when halving truly comes

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Quote from: n0ne on March 05, 2016, 10:45:09 PM

Bitcoin halving is very near. As halving comes closer the price of Bitcoin will decrease continuously and it goes high after halving.

It is still about 4 months away. So the price is in the lower $400 ranges. When it is near the halving date, the price will rise.

BTCBinary

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The halving will reduce the mining reward to half the coins in a block. So Miners will start receiving 12.5BTC instead of the current 25 bitcoin block reward.
It will affect the price somehow because it will affect directly the quantity of bitcoin supply

n0ne

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Bitcoin halving is very near. As halving comes closer the price of Bitcoin will decrease continuously and it goes high after halving.

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Quote from: MoneyChanger on March 03, 2016, 04:55:29 PM

What we will get with block size of 2mb? Blockchain 100 gigabytes?
Who will run nodes anyway?

blockchain growing is not a problem you can use prune and cut almost all the giga, there is not even need to use svp client anymore

core is everythign you need, minus those offline feature

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What we will get with block size of 2mb? Blockchain 100 gigabytes?
Who will run nodes anyway?

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Quote from: Coinonomous on March 02, 2016, 01:16:06 PM

Quote from: LoyceV on March 02, 2016, 10:55:53 AM

Since a few days, Bitcoin Core 0.12.0 is available. Also since a few days, transactions take much longer to be confirmed. The new Bitcoin Core has a much higher recommended fee. I think this is the cause of the delays: if you don't join the higher fee, you lose priority.
I just saw this block being mined: 25 BTC block-reward, and 4.67004169 BTC fees. That is 2000 dollar or almost 20% of the block reward! Are miners using the limited block size to force users to pay much more, so the halving will hurt them less?

I know this block had much more fees than average, which is why I picked this one to demonstrate.

I could be wrong, but I don't think miners are deliberately doing anything about the halving in your example - they have always been free to include 0, or hundreds of TX's in a block. It's just another mined block, except this one has more TX's than most - This is of course, a good thing - it means more tx's got confirmed faster, and the miners made more $/bitcoin. The more tx's in a block the better, IMO, both for the users, the miners, and the network, regardless of any mandatory fee size changes. Disclaimer: I'm not a miner.

i agree, i don't think this situation with the unconfirmed transactions and the higher fee requirements is not on purpose. it has happened before, it is simply because of the massive transactions and limitation of block size to 1mb right now.

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Quote from: LoyceV on March 02, 2016, 10:55:53 AM

Since a few days, Bitcoin Core 0.12.0 is available. Also since a few days, transactions take much longer to be confirmed. The new Bitcoin Core has a much higher recommended fee. I think this is the cause of the delays: if you don't join the higher fee, you lose priority.
I just saw this block being mined: 25 BTC block-reward, and 4.67004169 BTC fees. That is 2000 dollar or almost 20% of the block reward! Are miners using the limited block size to force users to pay much more, so the halving will hurt them less?

I know this block had much more fees than average, which is why I picked this one to demonstrate.

I could be wrong, but I don't think miners are deliberately doing anything about the halving in your example - they have always been free to include 0, or hundreds of TX's in a block. It's just another mined block, except this one has more TX's than most - This is of course, a good thing - it means more tx's got confirmed faster, and the miners made more $/bitcoin. The more tx's in a block the better, IMO, both for the users, the miners, and the network, regardless of any mandatory fee size changes. Disclaimer: I'm not a miner.

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Since a few days, Bitcoin Core 0.12.0 is available. Also since a few days, transactions take much longer to be confirmed. The new Bitcoin Core has a much higher recommended fee. I think this is the cause of the delays: if you don't join the higher fee, you lose priority.
I just saw this block being mined: 25 BTC block-reward, and 4.67004169 BTC fees. That is 2000 dollar or almost 20% of the block reward! Are miners using the limited block size to force users to pay much more, so the halving will hurt them less?

I know this block had much more fees than average, which is why I picked this one to demonstrate.

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Quote from: BitsandBites on February 27, 2016, 10:32:55 AM

With the halving, the price will rise, thats why many people are holding their bitcoins at this moment.
It's nice to keep an eye out for the date of the halving.

its really gonna happen?bitcoin price will rise?how far the price will rise?i saw some peoples said that on bitcoin halving is unpredict for bitcoin price,its can down also can rise,which one was corect statement?

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Quote from: Snorek on February 26, 2016, 01:22:09 PM

Quote from: notlist3d on February 26, 2016, 09:54:59 AM

Quote from: Biscutard on February 26, 2016, 06:15:49 AM

The bitcoin reward halving will reduce the supply of new coins. So the supply of new coins will reduce. If the demand is the same, the price will rise.

I fell like your trolling with one post and it being this. The fact is all the pervious coins are out there.... so there are a LOT of coins out there for demand. Having will not sneak up on us investors know it is coming.

We hope price will rise.... but there is no way to prove it 100 percent. Speculation is hard anymore just look at difficulty of miners which is highly linked to new coins... it's been crazy +20 then maybe a negative this turn. Those are big changes no one could have predicted.

I just add that after previous halving price didn't rise at all, it went down slightly. We may argue that at that time bitcoin market wasn't that saturated and market cap was a lot lower.
But you have to consider that halving alone is not enough to push the price of BTC. There is a lot coins in circulation already (+15 millions). Do we need more supply?

I have to agree with you on this, we do not need that amount of coins added daily, but as the adoption increase, we might see a bigger demand later. I think the timing for the halving is excellent, and it would boost the price when the demand was relatively low. The higher the price, the bigger the demand due to speculators wanting to get in and also more press coverage.

I think this halving are going to have a significant impact on the price and many people outside of Bitcoin are going to sit up and notice, even before the scheduled event happens. ^smile^

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Quote from: tyz on February 27, 2016, 05:35:38 PM

The ABC of price creation Wink

Unfortunately, it is not that easy. There is a lot of speculation and I guess the halving has already priced in.

Quote from: Biscutard on February 26, 2016, 06:15:49 AM

The bitcoin reward halving will reduce the supply of new coins. So the supply of new coins will reduce. If the demand is the same, the price will rise.

And it is sad so many have posted this in beginner section. Having does not guarentee profit's. We hope it does... and can speculate it will. But investors know about having LONG before it ever happens.

So investors factor it in long before. It does not sneak up on us. And miners once it haves ... could cause issues depending could cause losses even. I am not expecting day of having to be a great day where we see huge swing... just does not work like that. Far from that simple.

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