Does halving really create deflation? - page 2.

Oneandpure

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Quote from: muratsink on December 12, 2019, 05:02:34 AM

Quote from: elewton on December 09, 2019, 08:41:22 PM

Quote from: dragon695 on November 27, 2019, 05:04:12 AM

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks

I don't think it is any of the laws that exist. This is all due to the sharks' price-push scheme. I now fully believe in the manipulation of the sharks. So, halving or whatever happens is from the shark. they spend money to buy news and then push the previous price to sell off when people buy. Don't blame me for having too many negative thoughts about the market, I'm just saying exactly what the market is doing.

Bitcoin look keep exist the same amount although few years later, maybe just increase limited if some one have lost their private key because I got tread where some one lost their bitcoin address data and he has more than 1k btc in his wallet, But although bitcoin keep limited supply price always down and now bitcoin have back again with lower price at new year.

Big hope with bitcoin halving can bring change how crypto back with higher price, although four months later many people have ready with reinvesting on bitcoin and altcoin because many expectation with bitcoin halving give positive effect how bitcoin and altcoin have higher price, many time we got with higher price always when bitcoin halving coming.

muratsink

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Quote from: elewton on December 09, 2019, 08:41:22 PM

Quote from: dragon695 on November 27, 2019, 05:04:12 AM

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks

I don't think it is any of the laws that exist. This is all due to the sharks' price-push scheme. I now fully believe in the manipulation of the sharks. So, halving or whatever happens is from the shark. they spend money to buy news and then push the previous price to sell off when people buy. Don't blame me for having too many negative thoughts about the market, I'm just saying exactly what the market is doing.

Bitcoin look keep exist the same amount although few years later, maybe just increase limited if some one have lost their private key because I got tread where some one lost their bitcoin address data and he has more than 1k btc in his wallet, But although bitcoin keep limited supply price always down and now bitcoin have back again with lower price at new year.

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Quote from: dragon695 on November 27, 2019, 05:04:12 AM

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks

I don't think it is any of the laws that exist. This is all due to the sharks' price-push scheme. I now fully believe in the manipulation of the sharks. So, halving or whatever happens is from the shark. they spend money to buy news and then push the previous price to sell off when people buy. Don't blame me for having too many negative thoughts about the market, I'm just saying exactly what the market is doing.

SummerBliss

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Quote from: dragon695 on November 27, 2019, 05:04:12 AM

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks

I think it does create deflation but not by goods becoming cheaper but by currency becoming more expensive. Due to the basic of supply and demand. Halving reduces circulating supply in Economy of Bitcoins which are being mined. This will make Bitcoin Scarce and therefore people will find it more valuable and it's price will skyrocket after some time. Halving will have some impact but skyrocketing thing is not as yet confirmed it's just seen from past behaviour of Bitcoin that it does happens.

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Quote from: Hippocrypto on December 07, 2019, 04:57:03 AM

Quote from: cotton ball on December 07, 2019, 03:33:23 AM

Quote from: dragon695 on November 27, 2019, 05:04:12 AM

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks

Maybe yes halving really create deflation for bitcoin and altcoin price, you can ready now for investing with bitcoin and altcoin depend which one do you want because after close with halving all crypto price become fantastic with higher price, maybe you can hold now for your assets and re investing again to get much profit and chance never come twice in your investing.

It would never be worthless as we push our desires for holding huge amount of crypto, because after halving more opportunities will start to change our views for finances. When investing, there's always ups and downs as part of the journey that we follow. Deflation takes place after several fluctuations roll over, beyond our control and we need to be optimistic on that point.

Holding bitcoin or any other potential digital coin can never ever bring harms to the respective holders. So far, all those investors who did not doubt these coins and held them for long got huge amounts of profits, specifically the bitcoin holders. Bitcoin is going to have worth more than most of the people can even imagine. Halving will demonstrate a bit of its real strength. Moreover, bitcoin was deflationary in nature since its creation.

meliodas

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Quote from: TastyChillySauce00 on December 07, 2019, 04:16:26 AM

Quote from: marcous on December 06, 2019, 11:44:16 PM

Not deflation but reduced supply I guess, because halving day as a phenomenal event is risky if used as a reference for future price increases. However, what is clear, is that inflation and supply of Bitcoin units certainly decreased as happened in the previous year, 1 year after the halving moment, the price of Bitcoin increase drastically.

Reducing supply is not the right word here because that means the total supply that already planned to at 21 million of bitcoin will be reduced and there's nothing like that in the bitcoin blockchain. The halving itself only affects the reward that'll be given for each block while the reward from the transaction fee will also remain the same for the miners and I don't think something like this could really create deflation.

It could create deflation because the miners will have a harder time to mine bitcoin and that will affect the current supplies that are circulating in the market. As the supply is not enough and as the demand goes higher than before then it will push the price to go up and that is deflation for the price of bitcoin in the market.

Hippocrypto

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Quote from: cotton ball on December 07, 2019, 03:33:23 AM

Quote from: dragon695 on November 27, 2019, 05:04:12 AM

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks

Maybe yes halving really create deflation for bitcoin and altcoin price, you can ready now for investing with bitcoin and altcoin depend which one do you want because after close with halving all crypto price become fantastic with higher price, maybe you can hold now for your assets and re investing again to get much profit and chance never come twice in your investing.

It would never be worthless as we push our desires for holding huge amount of crypto, because after halving more opportunities will start to change our views for finances. When investing, there's always ups and downs as part of the journey that we follow. Deflation takes place after several fluctuations roll over, beyond our control and we need to be optimistic on that point.

TastyChillySauce00

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Quote from: marcous on December 06, 2019, 11:44:16 PM

Not deflation but reduced supply I guess, because halving day as a phenomenal event is risky if used as a reference for future price increases. However, what is clear, is that inflation and supply of Bitcoin units certainly decreased as happened in the previous year, 1 year after the halving moment, the price of Bitcoin increase drastically.

Reducing supply is not the right word here because that means the total supply that already planned to at 21 million of bitcoin will be reduced and there's nothing like that in the bitcoin blockchain. The halving itself only affects the reward that'll be given for each block while the reward from the transaction fee will also remain the same for the miners and I don't think something like this could really create deflation.

cotton ball

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Quote from: dragon695 on November 27, 2019, 05:04:12 AM

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks

Maybe yes halving really create deflation for bitcoin and altcoin price, you can ready now for investing with bitcoin and altcoin depend which one do you want because after close with halving all crypto price become fantastic with higher price, maybe you can hold now for your assets and re investing again to get much profit and chance never come twice in your investing.

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Not deflation but reduced supply I guess, because halving day as a phenomenal event is risky if used as a reference for future price increases. However, what is clear, is that inflation and supply of Bitcoin units certainly decreased as happened in the previous year, 1 year after the halving moment, the price of Bitcoin increase drastically.

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Quote from: meliodas on December 05, 2019, 10:00:29 AM

In my opinion, the halving doesn't create deflation but the hype does. The hype is only the reason why the price is going up because if there is no hype then halving will not become special event because people will just disregard it and the miners will see it as a threat for their mining rigs and they will decide to abandon it just like what happened in litecoin.

deflation will form and emerge and especially when many traders realize that Mempool is flooding again, but the hype is still relatively related to market sentiment, miners, and networks. Litecoin comes in at a different time, I don't consider anything responsive after ltc halving, but bitcoin is in a more complicated halving zone, and every institutional opinion always drives the price reaction.

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Quote from: el kaka22 on December 06, 2019, 10:38:05 AM

I think it is a longer projection than people may think. Everyone is wondering what will happen BEFORE the halving, what will happen AFTER the halving and all of that but nobody realizes there is a longer period that it will affect. From halving to later it will always be 900 per day instead of 1800, that means 900 less bitcoins mined every single day, in one day it is around 6 million dollars, in 30 days it is literally 180 million dollars, in 6 months it will come to 1 billion! dollars.

So, while you are discussing the price of bitcoin due to halving, don't look at one month before and one month after, after the halving there is no turning back and it will forever be missing out and miners will have to sell for higher eventually and the more hashrate comes the higher that will go too.

Good explanation. One could think that 900 bitcoins less per days won't have big impact on the market considering daily trading volume is around 1 million BTC on exchanges.
But
A lot of that trading is day trading when people sell and buy back soon after, preferably at lower price to make profit. On the other hand 1800 bitcoins that miners get every day, mostly get just sold. Miners sell bitcoins to pay for electricity and equipment, and they never buy back those bitcoins. So they only contribute to price decrease. While day traders who generate most of the trading volume, usually sell AND also buy so they also push the price up.
Fact is 900 bitcoins less will be sold per day, 27,000 BTC per month and this will have impact.

Oneandpure

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Quote from: dragon695 on November 27, 2019, 05:04:12 AM

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks

Few month later for bitcoin halving but still not anything effect for bitcoin and altcoin price, right now price still down both bitcoin and altcoin, looks not have positive effect although bitcoin halving just few months later, maybe will grow up of bitcoin and altcoin price after one month later for bitcoin halving coming, we glad waiting what happen with bitcoin halving have good price or not.

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I think it is a longer projection than people may think. Everyone is wondering what will happen BEFORE the halving, what will happen AFTER the halving and all of that but nobody realizes there is a longer period that it will affect. From halving to later it will always be 900 per day instead of 1800, that means 900 less bitcoins mined every single day, in one day it is around 6 million dollars, in 30 days it is literally 180 million dollars, in 6 months it will come to 1 billion! dollars.

So, while you are discussing the price of bitcoin due to halving, don't look at one month before and one month after, after the halving there is no turning back and it will forever be missing out and miners will have to sell for higher eventually and the more hashrate comes the higher that will go too.

meliodas

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In my opinion, the halving doesn't create deflation but the hype does. The hype is only the reason why the price is going up because if there is no hype then halving will not become special event because people will just disregard it and the miners will see it as a threat for their mining rigs and they will decide to abandon it just like what happened in litecoin.

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Quote from: X-ray on December 01, 2019, 07:23:56 PM

Quote from: uray on December 01, 2019, 01:38:02 PM

Quote from: Karmakid on November 29, 2019, 09:19:42 PM

The effect of the next halving would probably be the same like the previous one. People witnessed the effect of last halving to the price of bitcoin and just like what happened in litecoin, the price increases because the people are so hyped up about the halving and it would be the same to bitcoin, people are now into bitcoin because all they want is fast money. Greediness will become the fuel for bitcoin to spike up and have a parabolic move again.

The litecoin halving happened recently and nothing happened as of yet and i am not expecting the price of litecoin to rally alone and people who are investing in any market is not looking for the novelty of the market and all they expect is to earn the profits through smart decisions and if people see the bitcoin market as the fastest way to earn profit then who can complaint that Wink

.

The bearish market also contribute whether the halving could affect the market or not. people always believe that halving could bring double profit but that's not actually true. if the market is at good condition it could probably make the price double but otherwise when the market is bearish it will do nothing. atleast thats what i experienced from so many halving ive been through and its not something that we should put our hope in.

Each and everyone of us are really affected of what is happening right now. In which most of us didn't expect that it may reach as halve of the value of each coins. Also, we can't even control the market due to it's volatility and it's definitely relying the support of many here in crypto currency community.

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Quote from: TastyChillySauce00 on December 03, 2019, 11:16:08 PM

Quote from: Karmakid on December 03, 2019, 07:21:42 PM

Once the halving occurs, the miners and other holders should not focus on selling their bitcoin because it is better if they will hold it because once the majority of the people in the community knows that the supply will be harder to sustain then it will create a panic buying because people don't want to get left behind in having a bitcoin which will result for a price spike.

Do you think miner doesn't need to the money they just mined to pay for the expenses which are quite big? They could only hold after spending some portion of their mined coins into paying the expenses and to be honest, it's not that easy. The plat that you elaborate also purely speculative and doesn't guarantee better profit because you don't know what might happen in the future and how do you know there'll be panic buying while the total supply remains the same? it's not like most people are really concerned about the decrease of miners reward anyway.

Mining bitcoin really electricity consuming given that they uses a high rated GPUs so undoubtedly what they earn from mining comes huge to their expenses to continue unless they are mining from a country that has a low electricity rate or using a renewable energy for low electricity costs. Some miners even have a warehouse or establishment dedicated just for mining. Miners could hold their mined btc for a while indeed but talking about the risk it's not worth at all.

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Quote from: Karmakid on December 03, 2019, 07:21:42 PM

Once the halving occurs, the miners and other holders should not focus on selling their bitcoin because it is better if they will hold it because once the majority of the people in the community knows that the supply will be harder to sustain then it will create a panic buying because people don't want to get left behind in having a bitcoin which will result for a price spike.

Do you think miner doesn't need to the money they just mined to pay for the expenses which are quite big? They could only hold after spending some portion of their mined coins into paying the expenses and to be honest, it's not that easy. The plat that you elaborate also purely speculative and doesn't guarantee better profit because you don't know what might happen in the future and how do you know there'll be panic buying while the total supply remains the same? it's not like most people are really concerned about the decrease of miners reward anyway.

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Quote from: Triffin on December 03, 2019, 03:11:18 PM

Quote from: piebeyb on November 30, 2019, 06:49:51 AM

Quote from: dragon695 on November 27, 2019, 05:04:12 AM

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks

when bitcoin halving, bitcoin miner income will decrease, for example, miners a month get 1000 BTC every month, but if bitcoin halving certainly revenue from mining will be reduced by half for example a month to 500 BTC, if the price goes down the miner will feel loss because the value is cheap and while the buyer demand bitcoin is very high, most other investors are HODL, so what do you think if the value is low, does that make sense? soon 2020

The miners get some reward for mining and it is somewhere equal to 12 bitcoin at the moment. Once the blocks in bitcoin chain become 210,000 halving is programmed into the system which decreases the mining reward. The miners that now have bitcoin can definitely sell out bitcoin according to their values and this community increases the values of bitcoin for buyers. This is why halving increases bitcoin worth.

Once the halving occurs, the miners and other holders should not focus on selling their bitcoin because it is better if they will hold it because once the majority of the people in the community knows that the supply will be harder to sustain then it will create a panic buying because people don't want to get left behind in having a bitcoin which will result for a price spike.

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Quote from: dragon695 on November 27, 2019, 05:04:12 AM

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks

Halving does not cause price deflation. The only sure halving does is to cut reward in half. That translates to less supply. Regarding price, you need to consider its demand. I think this is where the discussion gets confusing. If demand for a coin dropped, its price would drop too. Price is an equilibrium point of supply and demand.

In the case of Litecoin, its demand drops faster than its supply halving. Therefore, its price drops. Bitcoin may experience a similar decline if it fails to keep up its demand. But Bitcoin may benefit from deteriorating macroeconomics.

On the other hand, price can rise with inflating supply. If the demand for an inflating coin rises faster than inflation, its price will rise.

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