How will the Halving affect the BTC price? - page 4.

ice098

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Quote from: 20kevin20 on February 29, 2020, 10:33:28 AM

Well, I am pretty sure there are way more miners going for speculation than you think. That's how it most likely became popular to mine BTC: whoever mined BTC in 2015 when a Bitcoin was worth $170-200 had their mined coins become worth 100x more two years later. Think of how many have invested in BTC when its price was between $10k and $20k hoping another 10-100x increase would follow - I could easily link this to what happens with mining.

The title asks about the way halving affects the price and the post asks how will it affect miners... which one do you want to know? Cheesy

Hopefully both sides will be explained here and based on the ideas that I had, halving effects is really amazing when there's a consistent price increase. Demand will follow for the entire market influence, so we will able to see the price growth progress. Miners will also increase the numbers of transactions as well as profit, because more people starts to trade and blockchain network will be back to its normal activities.

bithisach

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Quote from: enhu on February 29, 2020, 03:12:22 PM

Could it be because the demands still the same while the supplies gets lesser and lesser?

Miners will only mine about 6.25BTC after this coming halving, they may find it not profitable at first few months I guess but then the lesser coins they sell the higher the price could be as it will turn out the system itself is hoarding the supplies while people kept buying BTC. While the price keep growing, the miners will soon find out that its going to still be profitable to mine because prices is growing.

Kinda like it has already happened in the past. Last halvening true lasting effects on price didn't come into effect until about a year after it happened, so it's really not all immediate either

enhu

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Could it be because the demands still the same while the supplies gets lesser and lesser?

Miners will only mine about 6.25BTC after this coming halving, they may find it not profitable at first few months I guess but then the lesser coins they sell the higher the price could be as it will turn out the system itself is hoarding the supplies while people kept buying BTC. While the price keep growing, the miners will soon find out that its going to still be profitable to mine because prices is growing.

Alanin

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More halvings means less profit for miners, which are the ones verifying transactions on the blockchain. after enough halvings it wont be profitable to mine any if the price doesnt follow the expenses. Which then could lead to a massive decline as people would start to look for a new crypto to replace it with. or in a worse case, a whole other kind of market.
therefore it could go either way. after all, bitcoin did manage to survive until now. so i dont see why it wouldnt keep doing so with a bigger community now than ever

mahilchii

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The much anticipated halving is all set to happen in May and there are bunch of speculations coming from the so called experts and analyst's. Well I would like to share my personal thoughts about this, after going through some research and the two previous halvings I believe there will be a massive pump in BTC price.

Well in order to be profitable miners should try mining rigs with low power consumption because it clearly depends on the Power consumption.

princerepon

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Of course it'll affect on BTC price. This article will answer about your all confusing thought i guess. BTC halving created because of miners. Think if there is no miners mine bitcoin then how would you transaction bitcoin. So it's important to take care of miners profit. If you'll see past halving time then you can clearly understand that how much important halving is for affect on BTC price. But it's true also that hoping for unrealistic price is also a foolish thought.

Oasisman

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Well, basically block halving will affect miners financially.
Unfortunately, miners needs to upgrade their computer hardware such as GPU's for them to be able to solve blocks faster, since every halving, Bitcoin will become harder and harder to mine.
Eventually, some small time miners will shutdown due to the expenses in upgrading, electric consumption, and the continues halving of rewards.
Only those who have big mining farms is capable of sustaining their business.

agentx44

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Quote from: Mr_know_it_all000 on February 29, 2020, 10:29:18 AM

How will the Halving affect the miners? According to the laws of demand and supply, the scarcity of the Bitcoin supply will lead to an increase in Bitcoin demand, leading to a rise in prices. Is this only in theory though?

This is what I got from an article on the Bitcoin Halving and its theoretical effects: https://elitemininginc.com/2020/02/what-is-the-bitcoin-halving

But I think miners can't afford to proceed on just speculation. Or is that exactly what is going to happen? Seems we are entering the bear market again and we are only a few months away from the Halving

Most of the speculation says that the halving would help bitcoin's value boost up but considering the fact that it's still just a speculation, we cannot consider it as an assured result of the halving. As we wait for the halving to happen, if we believe that it would increase bitcoin's price, we should already start setting ourselves ready for it so that we can make the most from it and avoid letting it slip away out of our hands. Be mindful of what may occur if that happens and atleast monitor bitcoin's value to see if the assumptions are real.

Tokenized0000

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Quote from: 20kevin20 on February 29, 2020, 10:33:28 AM

Well, I am pretty sure there are way more miners going for speculation than you think. That's how it most likely became popular to mine BTC: whoever mined BTC in 2015 when a Bitcoin was worth $170-200 had their mined coins become worth 100x more two years later. Think of how many have invested in BTC when its price was between $10k and $20k hoping another 10-100x increase would follow - I could easily link this to what happens with mining.

The title asks about the way halving affects the price and the post asks how will it affect miners... which one do you want to know? Cheesy

I believe he wants to know the answer for the both the btc price and the miners.

odolvlobo

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Quote from: Mr_know_it_all000 on February 29, 2020, 10:29:18 AM

According to the laws of demand and supply, the scarcity of the Bitcoin supply will lead to an increase in Bitcoin demand, leading to a rise in prices.

Scarcity does not lead to increased demand according to the laws of supply and demand.

There is also a small error in the article: the subsidy drops to 0 after the 33rd halving, not the 64th.

Mr_know_it_all000

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Quote from: 20kevin20 on February 29, 2020, 10:33:28 AM

The title asks about the way halving affects the price and the post asks how will it affect miners... which one do you want to know? Cheesy

Well honestly I want to know about both, but I didn't want to make a long title.
One thing is linked to the other as I see this

20kevin20

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Well, I am pretty sure there are way more miners going for speculation than you think. That's how it most likely became popular to mine BTC: whoever mined BTC in 2015 when a Bitcoin was worth $170-200 had their mined coins become worth 100x more two years later. Think of how many have invested in BTC when its price was between $10k and $20k hoping another 10-100x increase would follow - I could easily link this to what happens with mining.

The title asks about the way halving affects the price and the post asks how will it affect miners... which one do you want to know? Cheesy

Mr_know_it_all000

jr. member

Activity: 98

Merit: 1

How will the Halving affect the miners? According to the laws of demand and supply, the scarcity of the Bitcoin supply will lead to an increase in Bitcoin demand, leading to a rise in prices. Is this only in theory though?

This is what I got from an article on the Bitcoin Halving and its theoretical effects: https://elitemininginc.com/2020/02/what-is-the-bitcoin-halving

But I think miners can't afford to proceed on just speculation. Or is that exactly what is going to happen? Seems we are entering the bear market again and we are only a few months away from the Halving

Topic: How will the Halving affect the BTC price? - page 4. (Read 817 times)