Misinterpretation about halving. - page 2.

topiOleg

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Quote from: tyz on July 10, 2016, 04:37:51 PM

I do not really get the point. The halving is limiting the creation of new Bitcoins and thus, the supply will be cut. Demand however, stays the same and increases steadily. Therefore, a price increase in the next time will certainly be caused by the halving. Probably, also by other factors but one main factor is definetely the halving.

For sure the reducted supply going to have effect on price. But very slowly, over months and not instanly as some expect. So next year anyone can analyze the price graph and see whether after halving reducted supply had really effect on price.

tyz

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I do not really get the point. The halving is limiting the creation of new Bitcoins and thus, the supply will be cut. Demand however, stays the same and increases steadily. Therefore, a price increase in the next time will certainly be caused by the halving. Probably, also by other factors but one main factor is definetely the halving.

Quote from: Xester on July 10, 2016, 06:31:19 AM

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

bitbunnny

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I agree, like everything Bitcoin also depends on demand and supply. But there is also another fact and that is manipulation with price, which could happen in the time of halving or after it. And that could be dangerous.

richkellj

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It is true that mostly, the value of bitcoin would rely on the supply and demand. The fact is that the demand is stable and the supply would be halved, which is why there is somewhat an expected doubling in value. Although, what's misinterpreted is that the value doubling would happen on the exact day of the halving.

ImHash

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though as it takes time for miners to realize how deep they are in bitcoin sh*t, but all the payments and earnings from various services
Been cut in half, also I did some calculations and found out if price stay the same as today you can profit nice and easy if you are a big miner
As in owning lots of hash power even with difficulty increase still could profit for the next 500 days imao.

chixka000

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Well in the end we bitcoin users will still be affected to every event happening in this industry. Now for me it would varies on your decision making if you are still going to hold on and wait for that boom or taking up a risk on spending your bitcoin in return of aiming a profit

Adriandmen

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Quote from: Herbert2020 on July 10, 2016, 07:00:18 AM

Quote from: vdotcash on July 10, 2016, 06:43:55 AM

Quote from: Xester on July 10, 2016, 06:31:19 AM

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

The halving is purely psychological and historically has not doubled the price of Bitcoin. If the price does not crash then this will be the first time it has doubled it's value due to "block reward halving". I'm not certain there is a valid clarification, it's simply the market "deciding".

i don't know where you bring your history but in the real bitcoin price history the last block halving happened on 28th November, 2012 and price of bitcoin has gone up from $10 in Oct-Nov 2012 to $20 in Jan 2013 (it nearly took 2 months to reach double price)

yeah if you look at the day halving happened, then yest nothing happened that day.

I think that also had to do something with the illegal drug market et cetera. That is also one of the reasons why the bitcoin became very popular.

I'm not very advanced in bitcoins, but I do have studied economics for a time. What I have learned is that the price may rise because of this, but it would most definitely not skyrocket.

Lauda

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Terminated.

There is so much misinformation and misinterpretation in the Bitcoin ecosystem that it is amazing. The halving is just one of those events that draws attention and misinterpretation is bound to happen. I've seen articles about 'everything being in the hands of the miners' and other nonsense as such. I've also seen a lot of 'doomsday' scenarios regarding the halving & the hashrate in addition to some 'fee event'. It becomes increasingly difficult to find correct information and thus almost everything should be taken with a grain of salt.

Quote from: Herbert2020 on July 10, 2016, 07:00:18 AM

i don't know where you bring your history but in the real bitcoin price history the last block halving happened on 28th November, 2012 and price of bitcoin has gone up from $10 in Oct-Nov 2012 to $20 in Jan 2013 (it nearly took 2 months to reach double price)

That is only 'logical' and normal. It takes time for the market to feel the effects of a reduced supply.

Herbert2020

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Quote from: vdotcash on July 10, 2016, 06:43:55 AM

Quote from: Xester on July 10, 2016, 06:31:19 AM

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

The halving is purely psychological and historically has not doubled the price of Bitcoin. If the price does not crash then this will be the first time it has doubled it's value due to "block reward halving". I'm not certain there is a valid clarification, it's simply the market "deciding".

i don't know where you bring your history but in the real bitcoin price history the last block halving happened on 28th November, 2012 and price of bitcoin has gone up from $10 in Oct-Nov 2012 to $20 in Jan 2013 (it nearly took 2 months to reach double price)

yeah if you look at the day halving happened, then yest nothing happened that day.

vdotcash

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Quote from: Xester on July 10, 2016, 06:31:19 AM

I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

The halving is purely psychological and historically has not doubled the price of Bitcoin. If the price does not crash then this will be the first time it has doubled it's value due to "block reward halving". I'm not certain there is a valid clarification, it's simply the market "deciding".

Xester

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I made this post to clarify things. Many bitcoin users associates price increase to bitcoin. In my experience with bitcoin the price increase lies on the demand and supply. A skyrocket price increase has no relationship with halving. It's funny reading things that halving is equivalent to price increase or decrease but I would like to hear ideas from knowledgeable members. It would help and also correct me if I am wrong.

Topic: Misinterpretation about halving. - page 2. (Read 1163 times)