If the price goes down then it will cost more to mine than the mining reward and no one will mine. If no one mines then the whole system crashes.
I believe that the price will increase because that’s the only way Bitcoin can survive.
Topic: Next Bitcoin Halving will drive the price down... - page 6. (Read 1329 times)
Are you saying that the price follows hashrate? Because that's not true, while hashrate is very important, it's not very strongly correlated, you can see it by how the hashrate kept growing all throughout the bear market in 2018. And we already had two halvings and the price didn't fall according to your reasoning, so what should makes this halvening different?
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?
Lol, have you seen the previous effects of bitcoin halving? Do you see miners bailing out just because the price tank? On the contrary there could be a growth on the mining industry again, as new hardware are being produce to cope with the difficulty adjustment because of block halving.
So everyone will adjust here, manufactures, miners, crypto investors, exchanges. Everyone in the ecological system will work as one that will result in the price being push further and drive for a new all time high in the coming years after the halving.
Maybe your conclusion is correct but there's so many narrative saying that BTCitcoin halving will cause bull run due to Bitcoin production will become slower and this will expectedly accumulate fast price increase because of investors.
I think the halving will not have much impact on the price of bitcoin, people will continue to do their jobs in the market whether or not bitcoin is halved. What really affects the price of bitcoin is the policy of the way the government deals with it. If tomorrow we receive news that China and the United States accept bitcoin as a currency, I think its price will rise more strongly than at any moment. 
is that possible,? I don't think it can be ascertained, for the reasons you have stated are still unclear, and I am still doubtful about that ... !!
Do you know the immediate price after the last halving? This is not something that I paid attention to last time and it would be interested to see how the market reacted before and after the last halving and compare that with the first Bitcoin halving event.
Very little happened. It was July 9th 2016 and the price was $654. It was relatively flat for several months after. It only started to rise strongly and broke the $1000 barrier at the end of the year. At the start of 2016 it was $450 ish so it did work its way up towards the halving.
the more difficult bitcoin mining after halving, I think there will be many miners who retreat / stop. because the ability of their computer competition to make blocks is not qualified. then will bitcoin fall? I can't answer that. but if you look at the movement of the chart, the bitcoin chart follows the previous pattern after halving. I hope bitcoin will be more expensive 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?
I don't think that makes sense. First of all, there will probably be a forthrun of the price prior to halving, because of that there won't be the miner purge as even though the mined coins will drop in half, people will be still profitable due to high prices. Even if the price stays at the same rate as it is now, we already saw quite a few small miners leave the space, from this I believe that there's mostly only strong miners left which are not afraid of 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?
I would expect the Bitcoin price to take a small hit before the Bitcoin halving and I say this because a lot of people who are involved in Bitcoin are here to invest and get out as soon as possible. A major event like a Bitcoin halving can be a scary thing to non technical users of Bitcoin and that could influence them into selling which could drive prices down.
Although I don't see the Bitcoin halving having any negative effects on the Bitcoin price in the long run. The theory behind it is it should make Bitcoin more valuable to hold because less Bitcoin is being generated per month. The lack of technical knowledge is a minor inconvenience and should only effect price in the short term so anyone who is invested in Bitcoin for the long term should not panic if this does happen.
Do you know the immediate price after the last halving? This is not something that I paid attention to last time and it would be interested to see how the market reacted before and after the last halving and compare that with the first Bitcoin halving event.
Although I don't see the Bitcoin halving having any negative effects on the Bitcoin price in the long run. The theory behind it is it should make Bitcoin more valuable to hold because less Bitcoin is being generated per month. The lack of technical knowledge is a minor inconvenience and should only effect price in the short term so anyone who is invested in Bitcoin for the long term should not panic if this does happen.
The exact same thing was said about the previous one and no doubt the one before that. It will be said for every one in future until the block reward becomes a trickle.
Compare hash rates to the first one. I think we're just a little bit higher these days.
Compare hash rates to the first one. I think we're just a little bit higher these days.
Do you know the immediate price after the last halving? This is not something that I paid attention to last time and it would be interested to see how the market reacted before and after the last halving and compare that with the first Bitcoin halving event.
The culture of Bitcoin mining went away from enthusiasts and early adapters into a much colder and darker commercial place.
Mining that isn't cold and commercial would mean the eventual death of Bitcoin.
We would of course be nowhere without the early enthusiasts but they can't be depended on if it's no more than a hobby or passion. The more cutthroat it is the stronger it'll be.
If one mining operation can't cut it another one will be along who can. That's how it's always been and always will be.
I for one have never found myself worrying about mining. It's one of the most elegant systems the world has ever seen. Shame about the centralisation though.
Honestly I hope I am wrong and Bitcoin hits 1 million so McAfee will get to keep his weener.
Some may even argue that the halving is already in the price, fair point.
And yes this was said in various forms before prior halvings, I remember well - been in Bitcoin space since 2011, and I remember the fun loving thriving mining community from those days.
But, the narrative surrounding the Bitcoin and reality of crypto economy and its global positioning have changed in a very non linear progression.
The culture of Bitcoin mining went away from enthusiasts and early adapters into a much colder and darker commercial place.
Again, I hope I am wrong but I share what my feelings and intuition tell me.
Some may even argue that the halving is already in the price, fair point.
And yes this was said in various forms before prior halvings, I remember well - been in Bitcoin space since 2011, and I remember the fun loving thriving mining community from those days.
But, the narrative surrounding the Bitcoin and reality of crypto economy and its global positioning have changed in a very non linear progression.
The culture of Bitcoin mining went away from enthusiasts and early adapters into a much colder and darker commercial place.
Again, I hope I am wrong but I share what my feelings and intuition tell me.
Maybe your conclusion is correct but there's so many narrative saying that BTCitcoin halving will cause bull run due to Bitcoin production will become slower and this will expectedly accumulate fast price increase because of investors.
About the miners, they have no choice to continue mining or unless they sell their rigs especially the miners who's using ASIC.
About the miners, they have no choice to continue mining or unless they sell their rigs especially the miners who's using ASIC.
The exact same thing was said about the previous one and no doubt the one before that. It will be said for every one in future until the block reward becomes a trickle.
Compare hash rates to the first one. I think we're just a little bit higher these days.
Compare hash rates to the first one. I think we're just a little bit higher these days.
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?
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