Topic: sorry what is halving the price will rise e or reduce? (Read 2585 times)

I think the halving can make the bitcoin price to rise 3 to 8 times. That is due to the reduced supply of bitcoin.

you're right, if this is influenced by halving, just maybe bitcoin prices will be higher than it is today, maybe if this happens continuously, it could be the price of bitcoin reached more than $ 500. I am so looking forward to this, as many businesses are waiting if prices have gone up, and halving certainly will make the price higher and stable

Price has already started to rise, and now I don't think it will fall back, it will keep on moving up till we reach to the stage of halving, as majority of people have high hopes from halving.

they are many who are buying and selling right now, what's your point?

there are some who buys and sells after 10% high.

It depends on the demand of the new coins. If there is no new demand, the price will actually drop.

There are a lot of people that will indeed panic sell hard, specially those that bought around the 700-900 area, but there will be a lot more people buying due fear of missing out aka FOMO. This is inevitable because this time Bitcoin is way more matured than it was back in the MtGox days, which would put the next ATH at anything around 4000 USD.

halving means that block rewards will be halved, so miners will get less money from bitcoins and maybe it will be unprofitable for them so they will leave their jobs so price will have to rise


so price will rise and some people predicts that price will rise to 1200$ but i think that we will be pretty lucky if price will rise to 900$ as there will be a lon of people that will sell bitcoins

The block reward halving will reduce the new supply of the bitcoins, so the price will rise as the supply will reduce.

The halving will let the block size halve and let the price most likely rise because the block sizing is halving.
If you just hold your bitcoins you will make profit if everything goes like it has been planned.

I personally think that the value keeps stable in the halving and that is because you also already can see that the value is stable and I know we all dont like it.
But we have to accept it and just dont be mad otherwise you are going to sell it too early and that would be bad for you because then you are losing money and that is bad.

So please wait a little longer and wait for a nice price increase so you can sell it later with huge profit.

The halving won't do jack to price but it might make mining less profitable and used miner hardware very cheap on the market. Unless fees rise to compensate, but fees would have to rise quite a bit before they approach the same level as the reward. We might see fee/reward parity at the next halving, or the one after that.

Well said...that's the right idea about the halving... supply would only be half the supply of this past years...If demand is still the same, the price would increase..

The halving will reduce the supply of the new bitcoins, so if the demand is the same, the price will rise.

it's not mainstream, not even close.

if it will ever get mainstream (as in, at least 50% of the western world uses it regularly) the price would be at least $100,000 per bitcoin, could be even much higher depending on how many people use it and how frequently they use it.

right now, not even 1% uses it.

We cannot judge anything at a moment, it can fall back as anything is possible, and to predict anything about the price of bitcoin is simply impossible.

The halving refers to the mining reward.   

Basically, every 10 minutes (approximately) a new block is mined, the miner who find the block gets a reward of bitcoins (on top of all the fees of the transactions).

Originally, this mining reward was 50 bitcoin. But every 4 years (approximately) the reward will half. The expectation is that by the time the rewards become low, bitcoin will be used enough so that the transaction fees alone would be worth much more than the block rewards, so that miners still have an incentive to keep mining.         

An expected effect of the reward halving is that bitcoin becomes more valuable, because mining becomes less profitable, so miners either need to sell their bitcoins for a higher price to make more profit (because for the same amount of energy spent, they now get roughly half the bitcoin), get more efficient miners or shut down their business.     

Since miners have a large effect on the price (because most miners sell a lot of bitcoin to keep paying their electricity bills) if miners are forced to sell for higher prices to remain profitable, this should drive the price up.     

As long as miners still mine a relatively large % of bitcoin (relative to the total amount in circulation) this effect should be pretty large, but the effect will get smaller once nearly all bitcoins have been mined.

We don't know what will be the exact scenario at the time of halving, but majority of us have a belief that price will rise at the time of halving, so lets hope everything goes fine with it.

I think the price will go up a little or stay the same. Right now i am not buying extra for a potential price rise.
Things are too complicated to determine if and how much the price will rise.

I think the Bitcoin's price will rise after the halving event, at least that's the prediction of the most Bitcoin's users till now. But of course there is a small chance that the price reduce as well.