BTC halving - page 4. | Bitcointalksearch.org

23dzmaz

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Quote from: Tyrantt on February 20, 2016, 08:38:38 AM

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

What i know is bitcoin halving will affect the price of bitcoin. many people speculate the price of bitcoin will increase and i hope it will happen. and what happened to the bitcoin price today, is it because halving ?

Velkro

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Quote from: Tyrantt on February 20, 2016, 08:38:38 AM

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

Of course it will, its supply and demand, basic rule, supply will decrease by half and demand will not decrease, so price MUST go up

notlist3d

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Quote from: CryingMidget on February 20, 2016, 04:30:07 PM

Quote from: Tyrantt on February 20, 2016, 08:38:38 AM

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

Halving is not big story Its just reduction of making bitcoin and mining, Due to that demand will happen in world about bitcoin then automatically bitcoin will reach to all and then price will be in that Rate. Approximately 800$ at least.

We can't count on price to double to many variables. I would love if we get double at having.... but it is FAR from a sure thing "Due to that demand". Sure we might double... then again we might lose miners decide to stop whole thing goes crazy.

No one can speculate good enough to give good price at having. It truly is a long time away in crypto currency time.

CryingMidget

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Quote from: Tyrantt on February 20, 2016, 08:38:38 AM

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

Halving is not big story Its just reduction of making bitcoin and mining, Due to that demand will happen in world about bitcoin then automatically bitcoin will reach to all and then price will be in that Rate. Approximately 800$ at least.

Capitascism

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So This means miners are crazy for more btcs because they expecting good price?

notlist3d

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Having scares me less after doing some math. It scares me a little more about current difficulty changes though. Do you know amount mined essentially already haved since Jan 13?

Feb 19 2016   163,491,654,909   13.44%   1,170,318,852 GH/s
Feb 07 2016   144,116,447,847   20.06%   1,031,625,717 GH/s
Jan 26 2016   120,033,340,651   5.89%   859,232,121 GH/s
Jan 13 2016   113,354,299,801   9.12%   811,421,684 GH/s
total      48.51%

I had not did the math till today. But that is a scary amount in 4 difficulty periods 48.51 percent change. That is a LOT of change in not a ton of time. So maybe having is not as big of deal with us going through changes like this. Hard to say having is still pretty far away in mining terms.

Hugroll

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Quote from: Tyrantt on February 20, 2016, 08:38:38 AM

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

lets see, the current bitcoin reward per block mined is about 25 bitcoins, and after the halfing itll go to 12.5btc. so yes it will definitely affect the price of bitcoin imo. the supply is decreasing by a factor of 2.

crazywack

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Price is driven by speculation. So in essence the future output of Bitcoin will be a supply and demand issue. If demand increases and output decreases price should go up.

BUT other factors are at play this time compared to the last halving/ bubble. Like Hard/soft fork around the blocksize.

I tend to think another bubble will happen soon, but many say that the price is factored in this time.

john2231

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This is just my understanding about halving block rewards.. halving block rewards means for me the block/ or we can call a stone the will be half for every stone their crack. So the bitcoin inside from the stone is half. Thats why they call it halving block rewards...
So if the bitcoin inside the stone is 1 bitcoin so after halving ends it will turn to 0.5 bitcoin...

noormcs5

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Please tell me about bitcoin halving in detail

Dekker3D

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Quote from: NorrisK on February 20, 2016, 11:00:50 AM

The only change set in stone will be halving of the mining reward.

Speculators expect that the price goes up due to less coins being dumped, but this does not have to be true. Miners are still earning much more than barely breaking even now. Also, bitcoin is not only about satisfying the miners, so there is no guarantee that the price will increase.

Prior to halving there may be a nice rally. I don't expect the price to sustain the new levels after the halving though.

Also once everyone starts selling for profit then the price will come down again before stabilizing to a new price range and at such price, nobody knows.

NorrisK

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The only change set in stone will be halving of the mining reward.

Speculators expect that the price goes up due to less coins being dumped, but this does not have to be true. Miners are still earning much more than barely breaking even now. Also, bitcoin is not only about satisfying the miners, so there is no guarantee that the price will increase.

Prior to halving there may be a nice rally. I don't expect the price to sustain the new levels after the halving though.

Amph

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now there is a margin for soem profit of miners, but this margin will become less due to the diff catching it and because the halving is near, this mean that the price will increase, if not by regular demand

it will increase because of miners manipulation, either way you can expect a price increase

Tyrantt

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Need some spare btc for a new PC

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

Topic: BTC halving - page 4. (Read 3975 times)