Does the next halving really matter that much? - page 3.

sanas

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Quote from: deisik on August 10, 2016, 06:25:54 AM

Quote from: ASHLIUSZ on August 10, 2016, 06:19:03 AM

With increased usage and wider adoption of Bitcoin, the demand for bitcoins is always increasing, there was a good impact in price before recent halving and it showed no positive signs after. we cant predict whether the next halving brings good impact on price, that we can see later.

Four years is a lot of time. Anything can happen in the interim, and, in this way, the next halving can be totally discarded for the time being if you are trying to make an "educated" guess, lol

In the next 4 years, the bitcoin price will be affected by the mass adoption. The more usage, the higher the fee, the less effect of the halving.

deisik

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Quote from: ASHLIUSZ on August 10, 2016, 06:19:03 AM

With increased usage and wider adoption of Bitcoin, the demand for bitcoins is always increasing, there was a good impact in price before recent halving and it showed no positive signs after. we cant predict whether the next halving brings good impact on price, that we can see later.

Four years is a lot of time. Anything can happen in the interim, and, in this way, the next halving can be totally discarded for the time being if you are trying to make an "educated" guess, lol

ASHLIUSZ

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With increased usage and wider adoption of Bitcoin, the demand for bitcoins is always increasing, there was a good impact in price before recent halving and it showed no positive signs after. we cant predict whether the next halving brings good impact on price, that we can see later.

mirakal

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Quote from: fravia on August 09, 2016, 08:04:38 AM

Quote from: gilangIDR on August 08, 2016, 12:58:20 AM

until now there has been significant change. bitcoin price has declined compared to the previous. halving halving no impact and also make the market very panic.

yeah, the price dropped a little bit though i dont think this is going to go like that for a long time, in my opinion the price is going to jump soon

I also agree with your prediction that this current price will not last, in the next few days it will totally increase because the demand is increasing and the crisis is already over, the current trend now is a good sign that price will pump soon.

expert4knowledge

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If you look at the chart, you see that price rise happened with a lag before halving and after halving it did not increase nor decreased so halving could attracted many people into bitcoin searching to get a good profit.

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Quote from: gilangIDR on August 08, 2016, 12:58:20 AM

until now there has been significant change. bitcoin price has declined compared to the previous. halving halving no impact and also make the market very panic.

yeah, the price dropped a little bit though i dont think this is going to go like that for a long time, in my opinion the price is going to jump soon

sanas

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Quote from: randy8777 on August 08, 2016, 09:35:41 AM

Quote from: yayayo on August 08, 2016, 09:03:23 AM

As we have seen, the halving did not lead to an immediate price increase. That's no surprise since the event was known years in advance. Investors and the mining industry generally prepare their positions before an event. Indeed, the Bitcoin price did rise prior to the halving. However there is no clear proof that the halving was the reason, since there is an uncountable number of other possible factors that could have influenced the Bitcoin price.

I'm pretty sure that all professional mining operators adjusted their operations in advance of the halving to ensure they remain profitable. It remains to be seen whether we see excess demand, excess supply or the same relationship like before for Bitcoin, because it is possible that miners sold only a fraction of their coins at a 25 BTC reward. So the real market supply for new coins might not change at all.

ya.ya.yo!

i am fairly sure that the price increase that happened before the block halving was purely because of people were thinking that the price would go up after the halving. so it was the hype and speculation that has been driving the price. smart people have used the peak in the month june to cash out the coins they bought before that. and that's exactly what has happened.

That is true. The price rose before the halving. So there is no price rise after the halving. The price drop now has nothing to do with halving.

OROBTC

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O/T, note for deisik

I received my OPENDIMEs today, and had a chance to test one (putting BTC, then taking it out). Link:

https://bitcointalk.org/index.php?topic=1452987.40

TL;DR: The device works, but a tiny bit more complicated for relative beginners (like me). Also, to send funds OUT, you (or recipient) needs a wallet that will accept importing public & private keys.

deisik

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Quote from: yayayo on August 08, 2016, 09:03:23 AM

As we have seen, the halving did not lead to an immediate price increase. That's no surprise since the event was known years in advance. Investors and the mining industry generally prepare their positions before an event. Indeed, the Bitcoin price did rise prior to the halving. However there is no clear proof that the halving was the reason, since there is an uncountable number of other possible factors that could have influenced the Bitcoin price

There can indeed be an innumerable number of factors (most of them offsetting each other, though), but you still have to explain somehow the almost four times growth in the Bitcoin price within just a year. Saying that a lot of factors very efficiently and very timely added up to boost the price so high just doesn't cut it. I think it can be readily explained by the collusion of the Chinese miners (actually mining pools) to prop up the Bitcoin price before the halving (by withholding bitcoins they mine)...

If you think there is none, think again, for example, about the block size which is still where it was a year ago

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Quote from: Xenophoto on August 08, 2016, 12:45:04 AM

I think so. The difficulty doubles every halving and that means it becomes difficult over time exponentially and not linearly. It matters to the miners out there, they have to push before the next halving occurs or they will mine it twice harder. To people who don't do mining at all, halving also matters because it somehow increases the price of bitcoin. Bitcoin's price at first isn't that much because we haven't passed any halving yet and because Bitcoin is still new. If we pass more halvings and more people started to invest in gambling, there will be scarcity in the supply of Bitcoin and scarcity makes the value of something higher.

The difficulty does not double every halving, in fact the difficulty is unrelated to the halving at all. Difficulty is only affected by the number of hashes being performed. You can see in this graph that the difficulty has already more than doubled in just the first 8 months of this year.

randy8777

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Quote from: yayayo on August 08, 2016, 09:03:23 AM

As we have seen, the halving did not lead to an immediate price increase. That's no surprise since the event was known years in advance. Investors and the mining industry generally prepare their positions before an event. Indeed, the Bitcoin price did rise prior to the halving. However there is no clear proof that the halving was the reason, since there is an uncountable number of other possible factors that could have influenced the Bitcoin price.

I'm pretty sure that all professional mining operators adjusted their operations in advance of the halving to ensure they remain profitable. It remains to be seen whether we see excess demand, excess supply or the same relationship like before for Bitcoin, because it is possible that miners sold only a fraction of their coins at a 25 BTC reward. So the real market supply for new coins might not change at all.

ya.ya.yo!

i am fairly sure that the price increase that happened before the block halving was purely because of people were thinking that the price would go up after the halving. so it was the hype and speculation that has been driving the price. smart people have used the peak in the month june to cash out the coins they bought before that. and that's exactly what has happened.

yayayo

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As we have seen, the halving did not lead to an immediate price increase. That's no surprise since the event was known years in advance. Investors and the mining industry generally prepare their positions before an event. Indeed, the Bitcoin price did rise prior to the halving. However there is no clear proof that the halving was the reason, since there is an uncountable number of other possible factors that could have influenced the Bitcoin price.

I'm pretty sure that all professional mining operators adjusted their operations in advance of the halving to ensure they remain profitable. It remains to be seen whether we see excess demand, excess supply or the same relationship like before for Bitcoin, because it is possible that miners sold only a fraction of their coins at a 25 BTC reward. So the real market supply for new coins might not change at all.

ya.ya.yo!

sanas

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Quote from: mandica on August 08, 2016, 02:35:29 AM

Quote from: gilangIDR on August 08, 2016, 12:58:20 AM

until now there has been significant change. bitcoin price has declined compared to the previous. halving halving no impact and also make the market very panic.

The recent drop of the bitcoin price is due to the Bitfinex exchange hack, it has nothing to do with the halving.

That is right. In the next few months, when the reduction of the supply of the new coins are felt, the price will go higher.

mandica

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Quote from: gilangIDR on August 08, 2016, 12:58:20 AM

until now there has been significant change. bitcoin price has declined compared to the previous. halving halving no impact and also make the market very panic.

The recent drop of the bitcoin price is due to the Bitfinex exchange hack, it has nothing to do with the halving.

gilangIDR

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until now there has been significant change. bitcoin price has declined compared to the previous. halving halving no impact and also make the market very panic.

Xenophoto

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I think so. The difficulty doubles every halving and that means it becomes difficult over time exponentially and not linearly. It matters to the miners out there, they have to push before the next halving occurs or they will mine it twice harder. To people who don't do mining at all, halving also matters because it somehow increases the price of bitcoin. Bitcoin's price at first isn't that much because we haven't passed any halving yet and because Bitcoin is still new. If we pass more halvings and more people started to invest in gambling, there will be scarcity in the supply of Bitcoin and scarcity makes the value of something higher.

yenxz

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The entire thing was designed to be a currency not something that based itself solely on hype. The reason that the price increase was because there are alot stupid people that believe the price will increase after haling a d the truth was they were the one causing it to increase by buying it

mandica

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Quote from: sanas on August 07, 2016, 05:41:37 AM

Quote from: BitcoinPaw on August 05, 2016, 02:20:32 PM

Every halving is matter, cause bitcoins is not endless and some day it wil become limited and very expencive currency, and also every halving is investing time Grin

In a few more halving, the block reward will be lower than the transaction fees in each block. So it will matter less.

I think so. In the next few years, the price of the bitcoin will mainly affected by the demand and adoption of the coin.

Karloff

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Quote from: mirakal on August 06, 2016, 09:45:26 AM

Quote from: BitcoinPaw on August 05, 2016, 02:20:32 PM

Every halving is matter, cause bitcoins is not endless and some day it wil become limited and very expencive currency, and also every halving is investing time Grin

You could be right if we see a big pump of the price now to see the effect of having, as of today we have not experience that yet and many investors are longing for it to happen, I just hope it will happen this year so we will have a great bonus this year end, and that would only be the time I will conclude that investing right every halving is profitable.

What has happened now with bitcoin, it was possible to predict in the spring. To do this, you need only look at the statistics course prior to the event with a bitcoin exchange burglary. Of course it is also affected, but the planning has gone by.

sanas

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Quote from: BitcoinPaw on August 05, 2016, 02:20:32 PM

Every halving is matter, cause bitcoins is not endless and some day it wil become limited and very expencive currency, and also every halving is investing time Grin

In a few more halving, the block reward will be lower than the transaction fees in each block. So it will matter less.

Topic: Does the next halving really matter that much? - page 3. (Read 9976 times)