A sudden and temporal price dump after halving is normal just like what happen in all previous halving bitcoins price go dump before we see the pump effect of the halving. But as time goes by bitcoins price will rise higher than what it is before halving for sure.
Miners can live off through transaction fees not just by block reward alone it's just that their profit will be lessened.
Topic: Next Bitcoin Halving will drive the price down... - page 5. (Read 1329 times)
The thing that worries me more about bitcoin price is its global adoption rather halving event. If adoption rate doesn't reach to a satisfied level then bitcoin price will surely go down since there will be no point in holding a coin that has no practical use.
at first day of halving i also expect that the price will decrease in the next more months maybe. It will always depend on the addoption of course if there are also hype being made by that time. But for now all is speculation and more people believe that halving will be a big for the price of btc.
Yes this can be so but at the same time one must remember that in the past too miners faced halving but instead of the price being reduced it actually increased drastically therefore I think it can be both ways and right now the future is looking bright so , I think it will go up only instead of down , miners are getting paid less now but there are miners who don't mind this and their sole earning way is not just mining for sure, they will have to improvise now.
learn from the history of halving bitcoin that had happened before, the cycle could be almost the same, the price will go down for a moment after that slowly rising continuously.
halving bitcoin in 2020 will come of course this is very taken into account when the market will react to prices, I think bitcoin will experience the same price spike as last year which has happened especially now some bitcoin charts show that bitcoin may fall a few days after being reduced half, and according to investors or bitcoin miners, they estimate that digital assets will experience half every four years.
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?
Bitcoin halving is happen every 4 years of Cryptocurrency which includes on the coming year 2020. The previous halving doesn't affect the market fall and the market pump which we can see and say that bitcoin halving is not predictable so we must better just wait on what would probably happen on this coming halving. More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
Some people says that when the bitcoin halving comes, the succeeding month after the halving will become successful in which the market will rise again from the downfall but you counter it meaning you have bases why you can say that. But I think the bitcoin miners will not be on a hard time just because the supply of the bitcoin become lessen.
learn from the history of halving bitcoin that had happened before, the cycle could be almost the same, the price will go down for a moment after that slowly rising continuously.
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?
Well that's interesting. Pretty much everyone I see is writing about how halving will bring Bitcoin to the new ATH, because the price has been rising since the previous halvings and since the price is supposed to adjust do that mining is profitable. Now, we've seen the latter going all wrong when the price went below $6k, and as for halvings, it's not like the last one was immediately followed by a run, so I still maintain that it is not proven that the price spiked because of it. You might be right about the price going down, but I don't think we can reasonably give preference to one of the predictions here. More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
No, i don't recall a bitcoin halving that brought the price of bitcoin down. What we mostly see is an increase price and that's the main reason why many crypto investors are off their perception that this halving will bring about high returns on investment. It's good to hold your bitcoins from now till the middle of next year.
The thing that worries me more about bitcoin price is its global adoption rather halving event. If adoption rate doesn't reach to a satisfied level then bitcoin price will surely go down since there will be no point in holding a coin that has no practical use.
There are so many speculations about what will happen to bitcoin. Some people are saying bitcoin will go down, some people are saying bitcoin will go up, but that is just a speculation, and we don't know what will happen later. If you can think of what might happen to bitcoin, you will prepare for the two conditions that will happen to bitcoin. First, you will make some strategy on how to prevent the down of bitcoin price if the price is really down. Second, you will make another strategy on how to get a profit if the price is up so you can take the benefits from the bitcoin. But everything can happen in the future, and one of that speculation will become real, and we will see what is going on in the future.
you seem to have forgotten that in 2018 price fell from $20,000 down to $3200 which is about 85% decline and miners didn't leave. in fact the hashrate even grow a little over the course of 2018 and in 2019 ever since the price rises began and it went back up from $3200 to $13000 the hashrate grow a lot more.
halving will cut the reward in half but also it will lead to a big rise prior to the halving which will actually lead to an increased hashrate. then there will be some drama and panic sell around the day of halving like the past 2 times and then price starts shooting up again.
what you have to keep in mind is that miners, hashrate,.... don't affect the price. demand decides what the price is and then that price affects the miners and their hashrate.
halving will cut the reward in half but also it will lead to a big rise prior to the halving which will actually lead to an increased hashrate. then there will be some drama and panic sell around the day of halving like the past 2 times and then price starts shooting up again.
what you have to keep in mind is that miners, hashrate,.... don't affect the price. demand decides what the price is and then that price affects the miners and their hashrate.
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.
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?
It's too soon to decide the price of bitcoin because no miners will bail especially if the price of bitcoin will skyrocket due to massive demand. The price of any currencies will always depend to the demand and as you can see even in the bear season the big whales favor bitcoin over other currencies.More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
There is only two option right now either the market will continue to goes down or it will recover and it will be decided after the halving.
May be or not, Anything could be possible for this system because we have seen both the positive and negative run of Bitcoin in the last couple of months, but I believe that Bitcoin price will not down more from this stage, for me, day by day Bitcoin is getting a global currency within a limited scope so Bitcoin should be more flourished, I think when Bitcoin would be legalized around the whole world then It might be more acceptable to the people because legalization would bring to us a positive vibe for sure.
Compare hash rates to the first one. I think we're just a little bit higher these days.
There you go, evidence that mining isn't going to slow down one bit because of the reward halving. I will assume this upcoming one will make little difference and that not a lot of miners are going to bail out as OP has suggested.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.
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?
Are you a miner yourself? Or are you a member of a mining group and that you have something to say on behalf of the group that halving is not something the group is interested and that you are going to bail because of it? If none, what you are saying is purely running in your mind without the slight touch of reality. There have been a couple of halvings that happened and so far there was no bail happening every after 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?
You do not really give us anything too specific, we have known from the beginning the halving is going to reduce the reward of miners and so far nothing like what you describe has happened. Besides you are underestimating human ingenuity, even if the price went down and many miners had to leave the market that will open the field for miners that are more efficient, so even if the price went down I do not believe anything significant will happen to most miners. More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
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?
I don't know if the prediction that you have made is true. Well for me, the halving event that will happen will cause a bull run to the price of the bitcoin. But, the effect of it is not instant. The halving that happened might take effect 1 year after the halving. More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
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?
Miners may bail out if the price does not move according to the supply. It is still early to say that the price will go down, you only see the perspective on the miners side but do not see the point on the incoming supply and adoption. Miners may probably the one that sustain the blockchain but it is the buyers who keep the price up. If more buyers comes in (adoption) miners will never bail out because the price of BTC can sustain their expenses and profit.
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 opinion, only time can tell which of the many ideas and opinions of what this next mining rewards halving can produce: Will it push the price of Bitcoin higher or lower? Personally, though I am hoping, of course, that this can be creating more interest and therefore demand with Bitcoin superficial as it might be. With an increasing demand, we know where the price is headed to. But then again, there is no guarantee whatsoever in this marketplace, all we can do now is to speculate and think of what can be, nothing more nothing less.
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