Topic: Next Bitcoin Halving will drive the price down... - page 4. (Read 1329 times)
Everything is possible to happen. Bitcoin miners will be leaving if the price remains low. But bitcoin users are also growing all over the world. Many companies are starting to accept it also as mode of payments. These should be enough to sustain bitcoin price and miners will remain believing for a long term increase.
If we remember the past halving, the price doesn't crash at all... And i have a theory for this. Miners are the big bulls in the market and they decide the bitcoin price. After each halving, we will see an increment on the price because miners don't want to earn less. This is just my theory and not an absolute truth.
I don't believe that miners are setting the price. In the end it's a simple supply and demand question. The much more interesting topic will be, if the stock to flow chart will come true as expected.
The first and second halving of bitcoin we experienced a good result but after a several months happen so I guess let say after a year, not on exact date happen on the next halving. To be honest, no one knows what will happen in that event of the next halving. If the first and second was successfully pumped up the price of bitcoin, so, there is a possibility that it will raise up again on this third time. Just let's wait and be ready the possible happen. Accumulate for now and invest that you can afford to risk.
If we remember the past halving, the price doesn't crash at all... And i have a theory for this. Miners are the big bulls in the market and they decide the bitcoin price. After each halving, we will see an increment on the price because miners don't want to earn less. This is just my theory and not an absolute truth.
I don't believe that miners are setting the price. In the end it's a simple supply and demand question. The much more interesting topic will be, if the stock to flow chart will come true as expected.
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?
its not reasonable for the price to go down because of bitcoin halvingMore miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
as long as miner continues to grow and support bitcoin the price will always rise because of decrease of the block reward
my English is bad, do you mean reduce halving block rewards, because I read halving the price, if the price of bitcoin is reduced by half in the next year, I think many miners will lose too many investors and traders out of the market, maybe I think that you the intent is half a block reward, where the prize per block is around 12.5 BTC to 6.25 BTC at halving 2020, miners obviously get very little if calculated for profits will be difficult if the price is below $ 5,000 according to my calculations
if they were mining today while the price is $7K, they would probably mine still if the price of BTC raise up to $10k. this $10k isn't even the ATH yet. once the price of BTC goes more than $20k, these miners must have sold the BTC which they could reinvest to mining devices. there is no reason for bailing out when its profitable for them besides they'd not mine BTC if their electricity isn't cheap.
If we remember the past halving, the price doesn't crash at all... And i have a theory for this. Miners are the big bulls in the market and they decide the bitcoin price. After each halving, we will see an increment on the price because miners don't want to earn less. This is just my theory and not an absolute truth.
During the past few years halving can be one of the impacts for the price movement to be bullish again, as we know that the price movement until now is still in a sideway condition with a strong support that cannot be broken yet.
I think halving could be one of the reasons for price movements to move up again with the death of support at the price of $ 6400 and try again at the price of $ 10,000 at the beginning of 2020.
If we remember the past halving, the price doesn't crash at all... And i have a theory for this. Miners are the big bulls in the market and they decide the bitcoin price. After each halving, we will see an increment on the price because miners don't want to earn less. This is just my theory and not an absolute truth.
Correct me if I'm wrong, but most mining is done not by individuals but by big mining operations with lots of rigs. If that actually is true, then there's no way in hell they're going to get rid of all that equipment and just dump the operation because the reward for mining a block got chopped in two--and it was a halving that everyone knew was coming anyway.
I think OP might be under the impression that these things take miners by surprise. Hate to break it to him, but that isn't the case.
I think OP might be under the impression that these things take miners by surprise. Hate to break it to him, but that isn't the case.
OP is saying that he is with BTC from 2011, but his post looks like it comes from a complete beginner. He doesn't realize that mining Bitcoin is a very lucrative business, but only for those who have enough money to make an initial investment. Of course, the location and price of electricity play a crucial role in the whole story.
Let's look at an example of Bitmain (Texas, USA) and what should become the largest Bitcoin mining farm in the world. They will start with 25 megawatts but the plan is to double the capacity after that, with a final power of even 300 megawatts.
So what about ROI in this particular case? Cost for the 50-megawatt farm is from $80 million to $100 million, and with Bitmain Antminer S17 their revenue per year could be $73 million (depending on Bitcoin price). It is quite clear that there are great opportunities to make money in this business, even in the USA where electricity is more expensive than in China.
Halving can only push the price up because reward per block is reducing, of course, demand should rise, or at least stay at the same level as it is today.
this kind of threads are expected since we are nearing Halving in May,but the thing is?almost the same issues happening every same season when we are getting closer to this situation.
for me?we are not getting any higher than the previous halving but i know we can find profit still when this day comes and forward.
for me?we are not getting any higher than the previous halving but i know we can find profit still when this day comes and forward.
Be quite man, you are talking sedition words
he was asking mate,and intended to say anything bad at all. 
I don't think that because of halving Bitcoin price will fall. However, I don't expect that will significantly rise either. The effect of halving will be short term and probably there will be some price rise but small and on the short breath. Im.short I don't have big expectations from halving neither in positive or in negative way.
Be quite man, you are talking sedition words
It may or may not, honestly speaking we all hope it can go up, and for me personally, I still have positive thought of it.
There's a lot of factors that can affect the price, but if follow what happened in the past halving, we still have hope
There's a lot of factors that can affect the price, but if follow what happened in the past halving, we still have hope
I believe price downfall has many factors. The next bitcoin halving is part of the factors that drives the price down. Its definitely a sad effect of it but basically its really part of the process. It will prolong the journey of bitcoin highest price expectation.
Mining equipment will likely double in processing speed at the same time in which bitcoin halves for mining, so I think mining equipment will still be profitable now and in the future.
Mining equipment needs upgrade and electricity consumption will also increase for the miners. If you are talking about the old equipment still be profitable after tha halving then I think It will not going to be as profitable as before because every halving the block seems to become a lot harder to solve and it requires faster processing unit.
I doubt if the halving itself will make any difference, as everybody knows about it. What it will do is to provide a topic for the FUDsters, and manipulators to use, and their actions will be the cause of any price movements.
I'm expecting governments and institutions to start mining operations, if they aren't already. This will give them a chance to prioritise their transactions and conceal their actions via wallet manipulations.
I'm expecting governments and institutions to start mining operations, if they aren't already. This will give them a chance to prioritise their transactions and conceal their actions via wallet manipulations.
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?
In my mind maybe stick with demands will increased. Or maybe last halving which followed by bitcoin's ATH will make people believe it can be happen again and then they start to buy it. So bitcoin price can increased because of that. But if bitcoin price down because of halving, i don't have any choice beside to keep hold. More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
This is one of the compelling reasons that could drive miners away, and would definitely affect the hash rates and also the prices. Though as we have seen in the past, it doesn't really happen. Maybe it's because the hype and price increase even before the halving keeps the miner from bailing out. Though if the price won't increase for whatever reason, no whale manipulation, no real investor hype, then we could see some quitting out.
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?
Bitcoin needs miners but without the community there is no need of miners. The price of Bitcoin is greatly controlled by the community. If the prices soars then with less Bitcoin the miners will still earn good amount.
There is always the other side to everything that we tend to forget.
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