Halving and its effects - page 2. | Bitcointalksearch.org

michkima

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Quote from: Xember on May 26, 2016, 08:59:15 AM

Quote from: OrangeII on May 21, 2016, 12:48:16 PM

Quote from: Getcoinsite on May 21, 2016, 12:12:12 PM

If the block size does not increase, the miners will have less income, they will quit mining, it will reduce the price.

if halving occurs most likely it will make bitcoin prices to be higher, although I often hear and see the news in several forums, and I concluded that it might happen

I think the price of bitcoin will go to $500 before the halving. Then it will rise fast due to halving.

That has already happened. The bitcoin is is over $500 in many exchanges. That is a good prediction.

Xember

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Quote from: OrangeII on May 21, 2016, 12:48:16 PM

Quote from: Getcoinsite on May 21, 2016, 12:12:12 PM

If the block size does not increase, the miners will have less income, they will quit mining, it will reduce the price.

if halving occurs most likely it will make bitcoin prices to be higher, although I often hear and see the news in several forums, and I concluded that it might happen

I think the price of bitcoin will go to $500 before the halving. Then it will rise fast due to halving.

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Quote from: Getcoinsite on May 21, 2016, 12:12:12 PM

If the block size does not increase, the miners will have less income, they will quit mining, it will reduce the price.

if halving occurs most likely it will make bitcoin prices to be higher, although I often hear and see the news in several forums, and I concluded that it might happen

Getcoinsite

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If the block size does not increase, the miners will have less income, they will quit mining, it will reduce the price.

Xember

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Quote from: Getcoinsite on May 09, 2016, 03:28:19 PM

Quote from: abercrombie on May 01, 2016, 11:14:57 AM

Still have $117 million USD in Bitcoin to be created before the July halving. Undecided

Despite the potential daily selling pressure of $1.6 million USD in Bitcoin being created, the price is able to maintain itself in the mid 400's. Cool

Yes, we were a bit overextended by the steep April climb from $420's to $470's but using math, the price should be well above $500 by June. Grin

July, it'll be anybody's guess where the price will be.

If the same amount of fiat flow into Bitcoin after halving, the price could be around $600 and rise slowly.

The bitcoin price might rise very fast. It depends on the mass adoption and also on the action of big whales.

uki

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Quote from: crazyivan on March 26, 2016, 02:10:19 AM

Ok, so we re less then 3 months away from halving. It s going to be a very interesting period for crypto and what effects is it going to produce, it s still big time unclear.

Here are potential options:

1. nothing changes
2. the price doubles of more, current miners remain profitable and new generation of miners enters the game, the difficulty keeps rising
3. the price does not change, 90% of current miners become unprofitable, the difficulty drops big time, new generation of miners fills the gap.
4. the price drops due to false expectations, crypto slows down and eventually loses lots of people. Crypto dies.

What would you say we should expect?

I would merge 3 and 4 into:

5. Biggest miners will push the price down to hedge the lower profit from mining until the difficulty adjusts (drops big).

Getcoinsite

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Quote from: abercrombie on May 01, 2016, 11:14:57 AM

Still have $117 million USD in Bitcoin to be created before the July halving. Undecided

Despite the potential daily selling pressure of $1.6 million USD in Bitcoin being created, the price is able to maintain itself in the mid 400's. Cool

Yes, we were a bit overextended by the steep April climb from $420's to $470's but using math, the price should be well above $500 by June. Grin

July, it'll be anybody's guess where the price will be.

If the same amount of fiat flow into Bitcoin after halving, the price could be around $600 and rise slowly.

abercrombie

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Still have $117 million USD in Bitcoin to be created before the July halving. Undecided

Despite the potential daily selling pressure of $1.6 million USD in Bitcoin being created, the price is able to maintain itself in the mid 400's. Cool

Yes, we were a bit overextended by the steep April climb from $420's to $470's but using math, the price should be well above $500 by June. Grin

July, it'll be anybody's guess where the price will be.

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Quote from: rekinthis on April 18, 2016, 03:29:37 PM

Quote from: The Sceptical Chymist on April 18, 2016, 11:17:48 AM

I thought the halving was in July...?

Don't think we're going to see it double. Not that I wouldn't be happy with it, but it seems extremely unlikely to me that the halving isn't priced in.

im pretty confident about the price rise and i think that we will not see the price doubling but we will see it going three times bigger than it is right now as it has a lot of potential to grow at the moment

hopefully these increases will make us big money, such effects will surely allow for such thing to happen the only question is when the price will start growing at a very rapid pace

Three times?! I've talked about some being optimistic about the price doubling due to the halving, but you think that it'll jump to more than $1300 per bitcoin?! What in the world would cause that giant bubble? When the halving comes, the unprofitable miners will drop out. That is going to happen. The difficulty will lower to the point where the medium-scale miners can still somewhat mine profitably, but it'll take a huge investment for new miners to come back in. The price will rise, I am sure of that, but it will not double. That is unlikely to happen.

arbitrage

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Quote from: Syke on May 01, 2016, 08:51:16 AM

Quote from: talks_cheep on May 01, 2016, 07:35:17 AM

No one's going to notice the reduction of 1800 new bitcoins coming into the market every day.

The miners will notice! Their income will drop in half. A lot of marginal miners will turn off their rigs. Hashrate could drop a bit.

Right question is what will happen when hashpower drops? Will it price follow or not?
But demand is still is very high. Mining price is already regulated with jump of price from 200 to 400$ so i think we don't need to worry.

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Quote from: talks_cheep on May 01, 2016, 07:35:17 AM

No one's going to notice the reduction of 1800 new bitcoins coming into the market every day.

The miners will notice! Their income will drop in half. A lot of marginal miners will turn off their rigs. Hashrate could drop a bit.

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Quote from: Getcoinsite on April 25, 2016, 12:37:28 PM

The halving will reduce the fresh supply of the new bitcoin. If demand is the same, the price will rise a lot.

The halving will reduce the supply of new bitcoins, that is true, from 3600 to 1800 new bitcoins a day. Even at 3600 new bitcoins a day, it's a miniscule amount of bitcoins to affect the market where hundreds of thousands of coins are traded every day. No one's going to notice the reduction of 1800 new bitcoins coming into the market every day.

Additionally, only about 50% of the newly mined bitcoins were sold on the market, the miners kept the rest in their wallets hoping for a price rise.

michkima

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Quote from: maokoto on April 18, 2016, 03:10:17 PM

2nd possibility seems the more likely, but yet I feel that a high raise needs a lot of new money coming into bitcoin, and I do not see how exactly this is going to happen.

That could be right. If the price has to rise, then more new money will come into the system to push up the price of the old coins.

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The halving will reduce the fresh supply of the new bitcoin. If demand is the same, the price will rise a lot.

rekinthis

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Quote from: The Sceptical Chymist on April 18, 2016, 11:17:48 AM

I thought the halving was in July...?

Don't think we're going to see it double. Not that I wouldn't be happy with it, but it seems extremely unlikely to me that the halving isn't priced in.

im pretty confident about the price rise and i think that we will not see the price doubling but we will see it going three times bigger than it is right now as it has a lot of potential to grow at the moment

hopefully these increases will make us big money, such effects will surely allow for such thing to happen the only question is when the price will start growing at a very rapid pace

maokoto

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2nd possibility seems the more likely, but yet I feel that a high raise needs a lot of new money coming into bitcoin, and I do not see how exactly this is going to happen.

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Quote from: jakelyson on March 28, 2016, 05:52:17 AM

Quote from: Denker on March 28, 2016, 05:46:13 AM

Quote from: crazyivan on March 27, 2016, 12:22:15 AM

Compared to the time 2 years ago, the price is less then 1/2 and it hasn't risen over 500$ in a long time. So I m not convinced in anything anymore.

2 years ago was right after the gox price manipulation. You can not see this artificial created run as real growth.
It was obvious that after that a very long correction would happen.And it took us around 22 months to rehabilitate.
During that time the fundamentals have become better and better.
And this year we will see even more growth and improvements regarding the network and value.

He is right. That manipulation hurt bitcoin a lot. Without the trust of this community, bitcoin could have died that day. But this halving can bring some good effects to bitcoin hopefully. We might not reach a new ATH right away but the price will definitely go up. And hopefully steady increase in few years to come.

Well manipulation is always occuring everyday like it or not or planned out.

Whales or other people with large holdings.. but in general as long bitcoin has a price people will be here regardless of trust or not since there profit to be made.

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Quote from: KennyR on April 18, 2016, 12:55:53 PM

Quote from: The Sceptical Chymist on April 18, 2016, 11:17:48 AM

I thought the halving was in July...?

Don't think we're going to see it double. Not that I wouldn't be happy with it, but it seems extremely unlikely to me that the halving isn't priced in.

There is nothing bad regarding the growth of bitcoin. Only the hope of the users will profit you with a good rise in price once the halving gets over.

I'm also thinking this the bitcoin has a good future a head with the positive mind of people plus the halving will also help the bitcoin to go to a higher amount this year.
I think there is a very good chance this is gonna happen, at the end of this year we most likely can sell out bitcoins with some nice profits if everything goes as planned.

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Quote from: The Sceptical Chymist on April 18, 2016, 11:17:48 AM

I thought the halving was in July...?

Don't think we're going to see it double. Not that I wouldn't be happy with it, but it seems extremely unlikely to me that the halving isn't priced in.

There is nothing bad regarding the growth of bitcoin. Only the hope of the users will profit you with a good rise in price once the halving gets over.

The Sceptical Chymist

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I thought the halving was in July...?

Don't think we're going to see it double. Not that I wouldn't be happy with it, but it seems extremely unlikely to me that the halving isn't priced in.

Topic: Halving and its effects - page 2. (Read 2885 times)