Topic: My thoughts on BTC halving (Read 1585 times)

well yes miners will get 50% less, but price rises now so i am also pretty sure that it will rise after halving too, so bitcoins miners will get same or even larger profit than before halving

and yes etherium was very, very popular month ago and many people bought it just to get profit from it, but it won't have very huge impact on bitcoin as people will still use bitcoins

If the demand is the same or increases, then the halving will increase the price. It might not double the price.

Bitcoin halving doesn't mean that the price will double, in no way, but i have a feeling that there's a lot of investors that are just waiting for
an excuse to drive the price up and stock up some more bitcoins in their accounts. Even when you exclude halving from equation, i think the price is way too low.

yeah, and if the core developers would want they could possibly make bitcoins be divided into even smaller peaces though theres still no need to do that at the moment

hopefully bitcoins will keep on growing because dividing it into small peaces is definitely not a problem and we surely shouldnt be worried about it right now

that's right. i often hear people say that there aren't enough coins for every person in the world as there are only 21 million coins. they simply forget that you can split 1 bitcoin into 100,000,000 smaller pieces.

Really? You are saying like this: No worries, gold bars have no scarcity at all, we still can find gold in grams instead of bars. BTC scarcity is worse than gold, comparing with the gold BTC supply is so low!

Especially miners hold lots of coin even from few months ago and after halving they will not find current market price profitable to cover their mining cost so they will not sell those big amount of coins and actually lots of big miners are the bitcoin whales so i think they can drive the price after halving.

Numbers mean nothing.
12.5 bitcoins is 1,250,000,000 satoshis.
Since bitcoin is divisible to such a fine extent, the feeling of scarcity is only in the mind.

50 to 25 still seems ample, whereas 12.5 begins to feel like a small number suggesting scarcity.

Generally when market is going to witness some sort of scarcity or controlled supply in a promising concept – like BTC, the demand starts rising with positive sentiments.

Last halving time: November 28, 2012 (Price: $12.1) Total 10M coins in circulation
After the halving, prices exploded more than 15 times in just 4 months.

Now: 15M coins in circulation

The problem is that those of us who saw the massive pump of early 2014 saw people getting burned as the community egged each other to buy at the top and tried to silence anyone who offered any warnings. As though silencing opinion affects the price (it didn't, it just meant that noobs got fleeced).

Be careful people. Normal adoption doesn't see prices just by 25% in a month, it would be more like 1% a month. The way pumps work is that they lure people into thinking it is a one-way dead cert investment, and as the noobs buy at the top, the pumpers slowly sell to them at inflated prices.

No-one ever got poor by taking profits. Each person needs to assess their own bitcoin portfolio, because everyone will have bought at a different price. If you are in the black with some of your coins, sell a small portion so that if the price falls back you won't feel bad or disappointed.

I think that the halving is both a good thing and a bad thing. For the people that want to sell there coins the havling is a bad thing because now those people have to wait even longer for the price to go up.
For the people that want to buy coins this is good because they can now buy more for less money.

I think alot of folks are getting production and supply mixed up in their minds when it comes to the halving. There's tons of supply and always will be at the right price. Just because it's something to get real excited about is more than enough for a pump for no justifiable reason.

Please allow me to disagree on this point.
Bitcoin gets its value first of all because it is used as a currency. And that was its purpose in the first place.
"Once people start spending their coins the price will start to decrease" -- What do you mean, that (for example) the using of Bitcoin in the OpenBazaar market, decreases its value? Of course not; quite the opposite! More people want Bitcoins to buy things, more people want Bitcoins to sell things.
If, instead, a coin has no, no any at all, actual usage except speculation, this is the definition of bubble. The first who exits selling, and the bubble is popped.

Satoshi's and community vision for Bitcoin was nothing less than to replace fiat money; replace the technically outdated, government and central authority manipulated, inflationary, obsolete fiat money. The vision is nothing less than Bitcoin (cryptocurrency in general) become the main worldwide money, market cap > the world total fiat, and legacy system government fiat moneys just in secondary role for government purposed

it's not the halving right, but it's the hype, hype is everything in trading, i'll move my fund only toward hyped coin, and bitcoin is the king, with the halving there will be a big hype around it that will  increase the demand

LOL nobody believes you idiot shill accounts created in May 2016.  And click "Kwuckduck's" post history.  Every single post for 40 pages is claiming the price will crash to $0 any second.  His account was sold off to some banker shill to spam the forum with.

I have seen many people taking this kind of "stand" when it comes to attacking or deffending some particular coin and i simply don't understand why is this happening?

Im not in any way married to any particular coin, i just want to make the money by trading them. If coin#1 is more likely to go down, and the coin#2 is more likely to go up, i'll simple invest into coin#2, i don't care what name it has.

Maybe he wants to create trouble knowing bitcoin halving is trend now he wants to ruin the long price run for it, and knowng any black propaganda for now will not effect the price if bitcoin,

Bitcoin is strong now and halving is approaching even if somebody will spread bad info for it will never be a factor for to be down and fallen, bitcoin is strong curriency men.

Yeah its because halving may lessen the supply of bitcoin for this year and by that the demand will be higher so by that the price of bitcoin will rise because mostly of people now are intended to buy rather to sell because halving got positive outlook for many people they think they can earn with it and hold more, knowing the more people hold the more people price and the demand would be more higher by that speculations of bitcoins price might reach to some of their predicted price maybe nearly 700-800$ and that is decent prediction for that.

I've seen every of your post since April. Please stop to create panic into the community.

The halving will surely affect the demand and supply chain of Bitcoin but I think the major factor for the imminent price increase will be the Bitcoin users themselves. If they keep their coins in their cold storage devices and don't spend anything just holding for the future this will create a demand for more coins and coupled with the halved block rewards it will push this demand even further. Bitcoin, at the moment, is used more as a store of value than as a digital currency in my opinion. Once people start spending their coins the price will start to decrease because there will be more coins flooding the market. The Bitcoin bubble won't burst unless people stop buying in and start selling off. Just my 2 cents on the matter.

I think BTC is only currency, on the other hand Ethereum is a whole package/platform, inside this platform we can also find Ether as being currency.
I think slock.it and DAO will push Ether in "currency" direction where you will be able to pay all sort of services with Ether.

I agree, this whole halving hype will leave so many in the community burned...
We might see a crash never seen before and even stagnation of the entire network.
Sad it has come to this.

I'm relating to whole market which is made mostly by traders.


This is time after the halving occures.

How was the "Third" related to the halving?
This question might be a little 'dumb' but I didn't see the relation of that statement to the halving, hence I asked.

"Second, people will just seek for another train to get fast profit and those trains will be Ethereum and Lisk for sure, especcialy after the halving bubble, Ether and Lisk prices will be low." are you referring to traders or miners. Because the latter i would have to disagree.

Halving will make only daily production of BTC lower for 50%, from 3600 BTC daily into 1800 BTC daily. When you compare those 1800 or 3600 daily with whole BTC volume on the market (16 million) it's clear that halving is not the one causing the huge price pump, especcialy on short term.

So the halving mechanicly is not the trigger which would make that sick rise in the BTC price that we all expect. People and their greed will make the halving bubble puffed as many will buy BTC to make halving profit, so people holding BTC and not selling it, and many others trying to buy them will pump the price since the demand will be greater than supply.

After halving my guess it that the bubble will explode hardly. WHY?

First of all miners will get half reward then they do now before halving occures. If you watch the news you can see mining farms getting shut down because it's no longer profitable to mine BTC, it's profitable only in China and similar countries with low electricity price. Some people already predict there might be a lot of delays with BTC transactions after halving occures since there will be a low number of miners.

Second, people will just seek for another train to get fast profit and those trains will be Ethereum and Lisk for sure, especcialy after the halving bubble, Ether and Lisk prices will be low.

Third, BTC is popular in the whole world, it's the first crypto currencly and this is what will keep it alive but new technologies such as Ethereum and Lisk will just take a big chunk of BTC market as they keep rising fastly. Ethereum already has more nodes than BTC, it transactions are fast, there is no fear of mining stopping ever because of it's POS system, their potential is huge and it's still 99% unused since only few simple dapps are online.