Supply reduction wont be the cause of price going down, the external over speculation of a simple event might cause it but thats on the people who play around with prices too much not the actual protocol altering in a perfectly predictable way.
Miners are constantly being shed every month probably, every person and enterprise has their personal cut off for returns on investment in Bitcoin. BTC cannot operate alone in the world, its only one of a whole range of contrasting choices to expend energy and capital on in order to achieve some task and the hope of some profit. Miners do not determine success, workers not managers imo.
Topic: Next Bitcoin Halving will drive the price down... - page 2. (Read 1350 times)
We cannot predict what will happen to the price of bitcoin after halving where it will be boost its price or it will cause massive crash. But one thing is sure and there will be changes after the halving. I do not rely on others opinion, I see now a lot of posts about halving and I observed that there are now many hyped people because of this news. I will only base my actions on what will happen in halving.
yes of course it cannot be ascertained whether bitcoin will increase or vice versa after reducing it in half. most likely after that event, there will be a big change in market price movements in the future.
and I feel that everyone's hopes will come true after that event happens
I think there will be many miners who retreat / stop.
If will be many miners who retreat / stop.is it possible for miners to make blocks easier even if parts per block are reduced or cut 50% ?
And i think PoS will be much profitable for those who doesn't want to mine using gfx or PoW.
OP's reasoning doesn't make sense. Price is not going to fall due to a halving from less mining reward. Though I wouldn't be surprised if there is a dump after the halving because the halving itself should be a non-event in the market and I think lots of people expect it to be a big event. In reality there is a very delayed hugely positive effect of the halving - likely 2021 will be a huge year for Bitcoin's price gain thanks to the gradual decrease of how much Bitcoin is hitting the market over a long period of time due to the halving. But its not gonna change the market dynamics immediately, but I think a lot of people expect it to, and a lot of attention will be paid to it not causing a positive effect in price in the media, and that will probably cause people to sell after nothing happens from the halving. Then it will recover and keep going up and like a year later we'll all see the huge positive effect of the halving start to take place.
I think there will be many miners who retreat / stop.
If will be many miners who retreat / stop.is it possible for miners to make blocks easier even if parts per block are reduced or cut 50% ?
We cannot predict what will happen to the price of bitcoin after halving where it will be boost its price or it will cause massive crash. But one thing is sure and there will be changes after the halving. I do not rely on others opinion, I see now a lot of posts about halving and I observed that there are now many hyped people because of this news. I will only base my actions on what will happen in halving.
Next Bitcoin Halving will drive the price down because the ecological system in which Bitcoin lives will be reduced.
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
Absolutely not.
In fact the increased costs of miners per coin may well push bitcoin prices up because they are unwilling to sell these coins at low costs, especially with the expectation that halving will bring with it substantial price hikes in the BTC markets. And by your logic, all of the halvings previously should have resulted in BTC crashing, but evidently that has not been the case.
You're overworrying in my opinion. 2020 should prove to be much more bullish than 2019 proved to be.
Though you have a point and there is a possibility too as I read some articles about it. But personally, I don't think it will really happen in reality. The price of Bitcoin may drive down after the halving but the main growth may happen after 6 months to one year! But I am afraid that this time bull run may not happen because of the over hype!
Next Bitcoin Halving will drive the price down because the ecological system in which Bitcoin lives will be reduced.
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
Even if old miners exit, new miners will come in, what may appear to be not lucrative to some miners will be adopted by others. But what I see is a core miner ecosystem run by bitcoin maximalists, who will do everything to protect the integrity of the Bitcoin blockchain (both economically and technologically).
It looks like the whole topic was started by someone who thinks they are smarter than the wisdom they actually have. Trying to use words like ecological and bone marrow and life blood etc are provides these things, the real wisdom comes from explaining things as simple as they get, tolkein literally wrote a whole series of fictional world and what happens with a language as simple as a kindergarden kid can understand.
All he tried to say was "bitcoins whole nature is dependent on miners who are now quitting or will quit after halving" and that's it. The point is miners leaving will mean hashrate will drop which causes other miners to pick up the slack and make the transactions around the same speed, there could be 10x more miners or 10% of current and system still works exactly same thanks to dynamic movement of hashrates.
All he tried to say was "bitcoins whole nature is dependent on miners who are now quitting or will quit after halving" and that's it. The point is miners leaving will mean hashrate will drop which causes other miners to pick up the slack and make the transactions around the same speed, there could be 10x more miners or 10% of current and system still works exactly same thanks to dynamic movement of hashrates.
Self-regulated and automatically managed systems are a wonderful thing, aren't they?
It looks like the whole topic was started by someone who thinks they are smarter than the wisdom they actually have. Trying to use words like ecological and bone marrow and life blood etc are provides these things, the real wisdom comes from explaining things as simple as they get, tolkein literally wrote a whole series of fictional world and what happens with a language as simple as a kindergarden kid can understand.
All he tried to say was "bitcoins whole nature is dependent on miners who are now quitting or will quit after halving" and that's it. The point is miners leaving will mean hashrate will drop which causes other miners to pick up the slack and make the transactions around the same speed, there could be 10x more miners or 10% of current and system still works exactly same thanks to dynamic movement of hashrates.
All he tried to say was "bitcoins whole nature is dependent on miners who are now quitting or will quit after halving" and that's it. The point is miners leaving will mean hashrate will drop which causes other miners to pick up the slack and make the transactions around the same speed, there could be 10x more miners or 10% of current and system still works exactly same thanks to dynamic movement of hashrates.
Halving has three times but not once has bitcoin let me down, and I think this time too. Especially in the context of the bear market, a lot of people are losing money due to the high purchase price and this is an opportunity for them to buy more in 2020. When a mass crowd does this at the same time, the market will grow. Do not think too negatively, it will be bad for trading results.
Or it could be the way to make it pump again.
Less miners means a better opportunity for everyone to be a miner even without strong computers.
Difficulty will be lowered.
Before, that was the idea of satoshi but because of greed people want more of it and they saw how the market react with it.
After the halving is unknown, it could lead to a better bitcoin or the other way. I still hope for the better one.
Less miners means a better opportunity for everyone to be a miner even without strong computers.
Difficulty will be lowered.
Before, that was the idea of satoshi but because of greed people want more of it and they saw how the market react with it.
After the halving is unknown, it could lead to a better bitcoin or the other way. I still hope for the better one.
I may become optimistic this time and for the halvings that happen previously it has a positive impact and it surely will happen the same.
However, it could be some in patience knowing the fact that it never been reflected the market price instantly. It could be months or a year after.
That would be long but that is usually the results and it's up to us think it positively or negatively.
However, it could be some in patience knowing the fact that it never been reflected the market price instantly. It could be months or a year after.
That would be long but that is usually the results and it's up to us think it positively or negatively.
Maybe or maybe not, to be frank, anything could be expected for this market because in the last couple of months we've seen both the positive and negative run of Bitcoin. But I don't think Bitcoin's price will fall any further from this stage, for me, Bitcoin is a unique technology that can change the world, so Bitcoin should flourish. I think when Bitcoin is legalised all over the world then people might find it more appropriate as legalisation would certainly bring us a positive atmosphere.
You have a point dude anything can be happen during or before the 2020 halving we cannot know wheres the bottom of bitcoin but for me this falling down of bitcoin is a good sign for a near bull run.
Thats why if you believe in bitcoin potential then buy at the drop and hold until you will get a good return.
Next Bitcoin Halving will drive the price down because the ecological system in which Bitcoin lives will be reduced.
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
Am not sure this will happen because I don't believe we have seen this happen in the past but if it eventually happens will we all still remain in this market since Bitcoin and crypto currency market has come to stay. More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
I think the same way. In this market there is a rule that is "buying rumors, selling news" ... this rule is always true in this market and so I also predict that the price of bitcoin will rise in the months before BTC halving, but then the price will fall. It will be similar to the situation of LTC in 2019. So we should not be too optimistic and believe in the bull market in 2020.
Looking at your statement you are not aware of the market and how it performs after halving, if you check the past market trend you will very well know that the market will not move just after the halving you need to wait for a year to see the real rally to commence and that been said you can be optimistic that the market will rally in the next one year but i am not expecting the reversal in the next two years where the price will go down.
Maybe or maybe not, to be frank, anything could be expected for this market because in the last couple of months we've seen both the positive and negative run of Bitcoin. But I don't think Bitcoin's price will fall any further from this stage, for me, Bitcoin is a unique technology that can change the world, so Bitcoin should flourish. I think when Bitcoin is legalised all over the world then people might find it more appropriate as legalisation would certainly bring us a positive atmosphere.
wow what an explanation i just read , it sounds like science because of the words ecological , bone marrow and life blood .
yes that is true that halving cause an issue to miners based on what i read but there are still good factors that will go live once halving was done and can counter some bad effects which still lead to bitcoin to continue working . everybody speculates positive news about btc halving while you are here opposing with them .
yes that is true that halving cause an issue to miners based on what i read but there are still good factors that will go live once halving was done and can counter some bad effects which still lead to bitcoin to continue working . everybody speculates positive news about btc halving while you are here opposing with them .
Next Bitcoin Halving will drive the price down because the ecological system in which Bitcoin lives will be reduced.
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
Absolutely not.
In fact the increased costs of miners per coin may well push bitcoin prices up because they are unwilling to sell these coins at low costs, especially with the expectation that halving will bring with it substantial price hikes in the BTC markets. And by your logic, all of the halvings previously should have resulted in BTC crashing, but evidently that has not been the case.
You're overworrying in my opinion. 2020 should prove to be much more bullish than 2019 proved to be.
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