Will the value of bitcoin go up because of halving to mining reward or will this cause a crash?
How many times discussed about this topic.... It would be enough to do a simple search and will find tons of posts about this question. Thread created this, for more, with only few words in the form of a simple banal question. The only news is the second part which guess a crash of the price after the halving. But no one word why must have probability to happen this guess (without any kind of foundation). Now want me to do a question to OP. I am unable to find even only one very little reason about the why of this your supposition. May you give even only one reason which make you to write these words? In this way I can learn something new (and unimaginable for my mind). Or creating this post you wanted that your nick be written with gold letters at the hall of fame of those who has open (are authors of the open of) threads at bitcointalk?
I apologize n2004al for the unoriginal post, I am completely new to the forums but will search for similar posts in the future before posting!
I will now try to answer your question about why I added the guess of a crash...
It seems the overall consensus is that the value of bitcoins will go up as a result of halving mining reward. But it may be helpful to look at the recent history of Litecoin which has already undergone a halving in its mining reward. We can see after the halving of the block reward for Litecoin from 50 to 25 LTC on Aug 25th, the price was fairly stable the value of Litecoin actually declined days after but then quickly retained around its original value prior to Aug 25th. When the time comes for Bitcoin to be halved, I would imagine miners will be disappointed with receiving half as many btc, since I really don't see any large increase to the valuation of bitcoins. I believe the short term affect of the halving will be a decline since miners will be forced to sell off larger portions of their mined Bitcoins to expand their operations just so they can still see some profit from the smaller block rewards. For those who believe the price may double, realize that as odolvlobo said the supply is not decreasing its just the rate at which the supply is
growing is just lower.
I don't necessarily think bitcoin will crash but perhaps we will see some decline during July. Even if bitcoin was going to drastically increase it would have already done so way before July 2016 since the halving of the block reward is public knowledge.
First sorry to give a reply so late. But I try to find always new topics to read and discuss after the discussion or posting in one of those because normally if you have told what you think about the aim for which is made the thread is hard to give other opinions or thoughts because the aim remain the same. So remain to discuss about the thoughts of the others or discuss about their ideas. To tell the right I believe in the freedom of expression and the right that everyone must have to have its ideas and its convictions. This made me rarely to discuss about the thoughts of the others because think that don't have the right to discuss about their convictions. I do comments only when there are cases that according to me (and this doesn't mean that I have right) are to "silly" to not be commented. This reason make me to visit rarely the threads when I post (even I click the "notify" link for every thread in which discuss) and this reason bring me so late in your thread. Bad behavior this because may have reply to my posts and this reply must make to give answer. Like this case.
Lets come to your reply. First, you cannot be hungry about a your mistake. If someone make e mistake (as you personally accept) in the worst of cases can ignore that person who mention this his action and the story end here. In the best of cases passe everything with a joke or something similar. Can be hundred other reactions between the above mentioned but it is not normal or justifiable to become hungry. Maybe can become hungry who read for the tenths time the same post but not the author of the tenth similar post.
Second the reason explained by you that made you to take in consideration the crash of bitcoin has several inaccuracies. I am giving shortly my thoughts abou those.
First there was not any kind of drop of price of litecoin (except maybe some normal fluctuations). You explanations are not correct. It was a drop of network hashrate but not in the price. Hashrate that come back to the normal values after few time. The network hashrate is totally other thing with the price. If you are not able to understand this I am sorry. I am giving below two sources (which include in their analyses even the calendar dates mentioned by you) which can prove my words:
http://cryptomining-blog.com/tag/litecoin-block-reward-halving/http://www.coindesk.com/litecoin-first-mining-reward-decline/Anyhow you can have your sources that can be much more accurate that mines. I invite you to show here those. Because I don't see any reference in your post. Only the word of someone offended without reason.
Second, in your post you write: "We can see after the halving of the block reward for Litecoin from 50 to 25 LTC on Aug 25th, the price was fairly stable the value of Litecoin actually declined days after but then quickly retained around its original value prior to Aug 25th."
Here you yet make another gaffe. You use the word "decline" (the most "strong" word used by you regarding the drop of price of litecoin after the halving) in your comment. Even if your words can be true (thing this not true according to the above sources) cannot be considered never a "decline" like a "crash". Are way away with each other. If you cannot understand even this (like the above) I am again sorry about you. So we find here an inappropriate use of one word very heavy for something much more "light" event (if happened). Used only when is not known the meaning of the words or in the worst of cases to create suspense and attention about the person who use those (thinking that is an savant because use strong but right words) and the thread or post created by him. I would like to be the first case because if can be the second the OP has big problems with himself (adding to this case even his reaction versus my post).
I will advice you to do a search and to find sources which explain the real meaning of all the concepts and words used not in the right place by you.
Hope that you will take every my word written above not as an attack to you but only as a normal reaction to your post. I will have a particular attention for this thread. So hope to be more faster in an possible answer to an your possible answer to my reply to your reply about that I have written in my post regarding your main post and your thread.