Topic: Only $360mio of inflow needed to keep current price and reach next halving! - page 2. (Read 2002 times)
August 07, 2015, 01:33:26 AM
A lot of people don't realize that for the price of bitcoin to hold steady right now, people have to buy $1M worth (or 3,600 BTC) per day
https://twitter.com/brian_armstrong/status/629078912908132353
Block rewards are expected to halve some time around July 2016 (and continue halving after that). Even if buying holds steady, price climbs
https://twitter.com/brian_armstrong/status/629079656952561664
July 28, 2015, 07:35:54 AM
Bitcoin needs 1mil of new users... That's all 
July 28, 2015, 07:29:28 AM
For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ? 
Bitcoin is the largest super computer in the entire world.... x500-2000!I think we would be just fine if there was 100 times less mining.
July 28, 2015, 07:00:52 AM
Start making a bigger pile of BTC now. You will be regretful of this if you do not.
July 28, 2015, 06:41:15 AM
For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ?
Since miners will only receive half of the reward, they will ask higher price for the mined bitcoins? This will drive up price?
July 28, 2015, 05:46:18 AM
For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ?
That is unlikely to happen because in theory, as the supply diminishes, the value rises. Same with bitcoin, if the price rise by some % in the next halving, chances are miners would still continue on mining with their machines. If the negative happens, some miners who cannot gain profit on mining will simply turn off their miners so as to prevent losses.
July 28, 2015, 05:40:58 AM
For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ?
Same arguments happened in 2012 before the first halving.
Unfortunately it was true. All miners stopped mining and Bitcoin ceased to be.
RIP
July 28, 2015, 05:24:42 AM
For some reasons I start to think that miners would give up on mining after Mining block reward , I mean they was earning 25 BTC and they would be earning 12.5 will they still making profit with all electricity they are eating ? If not is it a possible theory that they will stop mining and Bitcoin will eventually die ?
July 28, 2015, 05:16:25 AM
With over $700 million in VC funds so far this year, there is likely an expected return of at least that much money in return via the Bitcoin businesses they invested in. So $360 million is certainly quite feasible.
July 28, 2015, 03:50:07 AM
if the day trading activity and the buy/sell from big merchants or every small merchants is at sum zero or sligtly in favor of buyers(because apparently there are more holders), then the reduction of 500k should double the price in theory
i mean the current coins in circulation does not matter much , the new produced coins from miners each day are what impacts the price the most
i mean the current coins in circulation does not matter much , the new produced coins from miners each day are what impacts the price the most
July 28, 2015, 01:30:16 AM
Only $360mio of inflow needed to keep current price and reach next halving!
Next Bitcoin halving around July 1, 2016
https://www.reddit.com/r/Bitcoin/comments/3eu30l/bitcoin_clock_estimates_theres_now_less_than_a/ctigd6x
Untill July 1, 2016: 3600 BTC per day * 297 USD * 339 days = 362,458,800 USD
Per day: 3600 BTC * 297 USD = 1,069,200 USD
After halving, Per day: only 534,600 USD ( 1800 BTC * 297 USD) is needed to keep current price.
However, if inflow will still be $1mio, prices are expected to rise significantly
Next Bitcoin halving around July 1, 2016
https://www.reddit.com/r/Bitcoin/comments/3eu30l/bitcoin_clock_estimates_theres_now_less_than_a/ctigd6x
Untill July 1, 2016: 3600 BTC per day * 297 USD * 339 days = 362,458,800 USD
Per day: 3600 BTC * 297 USD = 1,069,200 USD
After halving, Per day: only 534,600 USD ( 1800 BTC * 297 USD) is needed to keep current price.
However, if inflow will still be $1mio, prices are expected to rise significantly
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