The Halving - Good or Bad for Bitcoin? - page 2.

hase0278

hero member

Activity: 882

Merit: 544

Quote from: NEWGOODOUBLE on March 01, 2017, 07:01:51 AM

Quote from: hase0278 on February 28, 2017, 06:00:32 AM

We can see by now that the past bitcoin halving is really having a good effect to bitcoin. The price has rised since that day maybe because the supply that will be mined will be lessened. It might not be the factor but the lessening of dumpers that are oftenly miners earning from mining who dump straight away has lessened bitcoin to dump.

believe it or not halving besides making the price to be high as it is today halving make the miners to be reduced
I do not know why it happened. but it gives a nice effect for bitcoin

It was mentioned in the quote though, but it happens because miners have lesser bitcoin to hold everytime they have succeeded and mining. Miners earning from mining who dump straight away has lessened bitcoin to dump. With lesser bitcoin to dump by them it means that the force that will counteract the buying force will be lessened. That's just my opinion though maybe there are other reasons.

NEWGOODOUBLE

sr. member

Activity: 476

Merit: 250

Quote from: hase0278 on February 28, 2017, 06:00:32 AM

We can see by now that the past bitcoin halving is really having a good effect to bitcoin. The price has rised since that day maybe because the supply that will be mined will be lessened. It might not be the factor but the lessening of dumpers that are oftenly miners earning from mining who dump straight away has lessened bitcoin to dump.

believe it or not halving besides making the price to be high as it is today halving make the miners to be reduced
I do not know why it happened. but it gives a nice effect for bitcoin

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: CyberKuro on March 01, 2017, 06:03:31 AM

Quote from: deisik on March 01, 2017, 05:11:19 AM

Quote from: X-ray on February 27, 2017, 09:12:49 PM

Quote from: carlerha on February 27, 2017, 01:02:20 PM

Quote from: Pettuh4 on February 25, 2017, 01:21:48 PM

The halvings gives Bitcoin value and makes it lucrative for more investors so I think it should be maintained for us to keep profiting from our investment. If we don't half and we keep more BTC with less value what's the point rather than have less with more value.

from the previous halving was my first experience so i can say that halving is good. as in previous halving the price of bitcoin increased so high and that is the reason that we can expect from the coming halving also.

Economic 101 " less supply and more value" so the decrease reward for the miners give a best opportunity for the price of bitcoin. and it will have increased in the future and i think the halving is the key every 4 years. the price of bitcoin will have doubled. Halving = big hype.

The next halving might not have such an effect

I mean in respect to what we have seen recently. The primary reason is that the supply of new coins has already diminished dramatically. It is basically the law of diminishing returns at work here. On the other hand, the same Economics 101 tells us that the factual supply is only one aspect of a broader concept of total supply. The other factor at play here is the circulation velocity, i.e. how often coins change hands. Higher velocities give the effect of a larger supply, so the decrease in the supply of new coins may be offset by the increased velocity with which bitcoins circulate

I'm sorry, don't get all of it, which one did you mean : The next halving might not have such an effect ?? Do you think next halving won't make bitcoin value increase?

This is impossible to tell in advance and in practice

But theoretically, if all other things are kept the same, then yes, the price won't increase as much as it increased this time due to July halving. The logic behind this claim is pretty simple. To better understand it, just think about the relative change in the supply of bitcoins that miners provide in respect to total number of bitcoins already in circulation. And don't forget to take into account that the miners' supply constantly adds to this number (i.e. continuously decreasing the ratio till the next halving)

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: deisik on March 01, 2017, 05:11:19 AM

Quote from: X-ray on February 27, 2017, 09:12:49 PM

Quote from: carlerha on February 27, 2017, 01:02:20 PM

Quote from: Pettuh4 on February 25, 2017, 01:21:48 PM

The halvings gives Bitcoin value and makes it lucrative for more investors so I think it should be maintained for us to keep profiting from our investment. If we don't half and we keep more BTC with less value what's the point rather than have less with more value.

from the previous halving was my first experience so i can say that halving is good. as in previous halving the price of bitcoin increased so high and that is the reason that we can expect from the coming halving also.

Economic 101 " less supply and more value" so the decrease reward for the miners give a best opportunity for the price of bitcoin. and it will have increased in the future and i think the halving is the key every 4 years. the price of bitcoin will have doubled. Halving = big hype.

The next halving might not have such an effect

I mean in respect to what we have seen recently. The primary reason is that the supply of new coins has already diminished dramatically. It is basically the law of diminishing returns at work here. On the other hand, the same Economics 101 tells us that the factual supply is only one aspect of a broader concept of total supply. The other factor at play here is the circulation velocity, i.e. how often coins change hands. Higher velocities give the effect of a larger supply, so the decrease in the supply of new coins may be offset by the increased velocity with which bitcoins circulate

I'm sorry, don't get all of it, which one did you mean : The next halving might not have such an effect ?? Do you think next halving won't make bitcoin value increase?
The law of 'supply and demand' is a certainly point of economics. Bitcoin halving mean limited supply, make it slightly worth.
We have more than enough coins in circulation now and higher velocity of bitcoin could achieve if : more merchants join into bitcoin community and faster confirmation (regards block size).

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: X-ray on February 27, 2017, 09:12:49 PM

Quote from: carlerha on February 27, 2017, 01:02:20 PM

Quote from: Pettuh4 on February 25, 2017, 01:21:48 PM

The halvings gives Bitcoin value and makes it lucrative for more investors so I think it should be maintained for us to keep profiting from our investment. If we don't half and we keep more BTC with less value what's the point rather than have less with more value.

from the previous halving was my first experience so i can say that halving is good. as in previous halving the price of bitcoin increased so high and that is the reason that we can expect from the coming halving also.

Economic 101 " less supply and more value" so the decrease reward for the miners give a best opportunity for the price of bitcoin. and it will have increased in the future and i think the halving is the key every 4 years. the price of bitcoin will have doubled. Halving = big hype.

The next halving might not have such an effect

I mean in respect to what we have seen recently. The primary reason is that the supply of new coins has already diminished dramatically. It is basically the law of diminishing returns at work here. On the other hand, the same Economics 101 tells us that the factual supply is only one aspect of a broader concept of total supply. The other factor at play here is the circulation velocity, i.e. how often coins change hands. Higher velocities give the effect of a larger supply, so the decrease in the supply of new coins may be offset by the increased velocity with which bitcoins circulate

btvlGainer

full member

Activity: 206

Merit: 100

I'm sure this is a very good trend. thanks to Bitcoin never be exposed to inflation. Each time, its value increases. Fiat currency does not have this feature, so cheaper

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: DoublerHunter on February 28, 2017, 09:45:13 PM

Quote from: rajasumi3 on February 28, 2017, 09:08:40 PM

In my opinion the halving is very good .as because of halving the price of bitcoins would go high up as the demand of bitcoin would increase.it is also done to make the price of bitcoin make more stable and i dont think it was any bad intentions.

Nope, Halving is not pure "good" effects on bitcoin because in the other side, Halving can be a risky event for bitcoin because it halves the block reward which will make the miners to earn less than they earn before and also if the prices dump after halving then it will be a hype for the other bitcoin users to sell their bitcoins too. Not all the times, the prices go up because it is always up to the investors,miners and hodlers.

So assuming if a miner can get 10 BTC with the price $1000 but after halving he will only get 5 BTC with the price of bitcoin $1500.

I don't see a lot of different both of the case. You must read more about how it works.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: rajasumi3 on February 28, 2017, 09:08:40 PM

In my opinion the halving is very good .as because of halving the price of bitcoins would go high up as the demand of bitcoin would increase.it is also done to make the price of bitcoin make more stable and i dont think it was any bad intentions.

Nope, Halving is not pure "good" effects on bitcoin because in the other side, Halving can be a risky event for bitcoin because it halves the block reward which will make the miners to earn less than they earn before and also if the prices dump after halving then it will be a hype for the other bitcoin users to sell their bitcoins too. Not all the times, the prices go up because it is always up to the investors,miners and hodlers.

rajasumi3

full member

Activity: 266

Merit: 100

In my opinion the halving is very good .as because of halving the price of bitcoins would go high up as the demand of bitcoin would increase.it is also done to make the price of bitcoin make more stable and i dont think it was any bad intentions.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

Shouldn't halving be good for the btc in nay case? I mean with the block reward going down by half, miners will probably increase the fees by a little. Also, there is the electricity, from the halving, miners will be receiving 50% less and that's quite a lot imo, therefore they earn less with every halving and the difficulty is always rising. That's the one thing that in my eyes raises the btc price. If I'm wrong in any aspect, please correct me.

emezh10

hero member

Activity: 826

Merit: 501

Quote from: buharikx31 on February 28, 2017, 01:10:23 PM

Quote from: PaymyBills on February 27, 2017, 09:00:48 PM

Halving is good because it controls the flow of bitcoin mined and it has limited supply so it will regulate the flow and being greedy of other miners will be avoided because its controlled. As time goes by, bitcoin mined is lesser and lesser and the effect would be higher demand and lower supply which will make the price go up and an advantage to bitcoiners.

And the process of halving makes bitcoin worse more, because of amount that decreases. Every time when the halving happens, we can get less bitcoins from mining and probably more it will cost. I think the main idea of halving, it's to make some border for people who are mining coin to make it pricier and give it a value as a currency, that's indeed have a good sense

For me I think the halving is good for investors because the price will increase and the supply will decrease and in traders too. It is good for them because they will benefit in that halving. And for the miners it will be not good for then because the amount of the bitcoin that they can harvest is became lesser. For me it's totally depends in what group of people do you belong if you are in miners so the effect of it will be bad if you are in investors the effect of it will be good.

buharikx31

sr. member

Activity: 830

Merit: 258

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: PaymyBills on February 27, 2017, 09:00:48 PM

Halving is good because it controls the flow of bitcoin mined and it has limited supply so it will regulate the flow and being greedy of other miners will be avoided because its controlled. As time goes by, bitcoin mined is lesser and lesser and the effect would be higher demand and lower supply which will make the price go up and an advantage to bitcoiners.

And the process of halving makes bitcoin worse more, because of amount that decreases. Every time when the halving happens, we can get less bitcoins from mining and probably more it will cost. I think the main idea of halving, it's to make some border for people who are mining coin to make it pricier and give it a value as a currency, that's indeed have a good sense

hase0278

hero member

Activity: 882

Merit: 544

We can see by now that the past bitcoin halving is really having a good effect to bitcoin. The price has rised since that day maybe because the supply that will be mined will be lessened. It might not be the factor but the lessening of dumpers that are oftenly miners earning from mining who dump straight away has lessened bitcoin to dump.

epitome

sr. member

Activity: 246

Merit: 250

Quote from: PaymyBills on February 27, 2017, 09:00:48 PM

Halving is good because it controls the flow of bitcoin mined and it has limited supply so it will regulate the flow and being greedy of other miners will be avoided because its controlled. As time goes by, bitcoin mined is lesser and lesser and the effect would be higher demand and lower supply which will make the price go up and an advantage to bitcoiners.

That is the whole strategy about halving ,to limit the supply and he came up with an genius plan and he never would have imagined that it would be this popular.If so he should have increased the time interval of halving so as to reduce the flow . Grin

We need to have a good stable platform and i figure it is a good step to have some stability in the price as well.

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: carlerha on February 27, 2017, 01:02:20 PM

Quote from: Pettuh4 on February 25, 2017, 01:21:48 PM

The halvings gives Bitcoin value and makes it lucrative for more investors so I think it should be maintained for us to keep profiting from our investment. If we don't half and we keep more BTC with less value what's the point rather than have less with more value.

from the previous halving was my first experience so i can say that halving is good. as in previous halving the price of bitcoin increased so high and that is the reason that we can expect from the coming halving also.

Economic 101 " less supply and more value" so the decrease reward for the miners give a best opportunity for the price of bitcoin. and it will have increased in the future and i think the halving is the key every 4 years. the price of bitcoin will have doubled. Halving = big hype.

PaymyBills

member

Activity: 90

Merit: 10

Halving is good because it controls the flow of bitcoin mined and it has limited supply so it will regulate the flow and being greedy of other miners will be avoided because its controlled. As time goes by, bitcoin mined is lesser and lesser and the effect would be higher demand and lower supply which will make the price go up and an advantage to bitcoiners.

Vaskiy

legendary

Activity: 2646

Merit: 1106

DGbet.fun - Crypto Sportsbook

Quote from: Bitcoinsummoner on February 27, 2017, 01:48:06 PM

Quote from: Mbokani on February 27, 2017, 01:35:07 PM

Quote from: MONKEYJUNK on February 27, 2017, 05:01:33 AM

No one can avoid this.
Halving just make btc price up ans stabled so close in you one time high.

Now is up to snother galaxy.
Go btc

Looking at your account it looks like you are having a sr account and you still think that the current price rise is simply because of halving.
Halving is good because satoshi knew that people would start investing heavily in mining when it takes off and if not for halving the coins would have been mined long before he intended to be.

The purpose of halving is to half the mining reward by 50% last halving are last year and from 25 btc per block now we are 12.5 btc per block that can push the price to high.. because of the bitcoin supply is decreases.
The price of bitcoin is always depends on demand and supply so it will affected the price of bitcoin .

That's right. This doesn't affect the users as well miners much. The reason is that the supply to demand decreases. This creates a price increase to compensate the block reward with the increase in price. The past halving too place by mid 2016 and can expect the upcoming halving by the year 2020.

cryptoblazter

full member

Activity: 421

Merit: 100

Quote from: CoinSkipper on October 24, 2015, 04:28:57 PM

As the title says, is the halving good or bad for the price of bitcoin?

The halving will decrease the supply of bitcoin, whole keeping the demand, so that would make bitcoin worth more.

But the halving will make mining profitibilty worse, meaning less miners, a higher trans. fee, and maybe causing a smaller demand.

What's your verdict?

I think bitcoin will still go up, as the fees might, let's say, double, but that's still a smaller transaction fee than through the banks...

You are indeed correct, Halving for the ordinary community like us is very in favor to us actually. It wouldn't affect us all but it cannot be deny the least one reason that will get affected was the people who mined bitcoin or the miners in this industry.

Bitcoinsummoner

hero member

Activity: 1456

Merit: 624

Maintain Social Distance, Stay safe.

Quote from: Mbokani on February 27, 2017, 01:35:07 PM

Quote from: MONKEYJUNK on February 27, 2017, 05:01:33 AM

No one can avoid this.
Halving just make btc price up ans stabled so close in you one time high.

Now is up to snother galaxy.
Go btc

Looking at your account it looks like you are having a sr account and you still think that the current price rise is simply because of halving.
Halving is good because satoshi knew that people would start investing heavily in mining when it takes off and if not for halving the coins would have been mined long before he intended to be.

The purpose of halving is to half the mining reward by 50% last halving are last year and from 25 btc per block now we are 12.5 btc per block that can push the price to high.. because of the bitcoin supply is decreases.
The price of bitcoin is always depends on demand and supply so it will affected the price of bitcoin .

Mbokani

sr. member

Activity: 291

Merit: 250

Quote from: MONKEYJUNK on February 27, 2017, 05:01:33 AM

No one can avoid this.
Halving just make btc price up ans stabled so close in you one time high.

Now is up to snother galaxy.
Go btc

Looking at your account it looks like you are having a sr account and you still think that the current price rise is simply because of halving.
Halving is good because satoshi knew that people would start investing heavily in mining when it takes off and if not for halving the coins would have been mined long before he intended to be.

Topic: The Halving - Good or Bad for Bitcoin? - page 2. (Read 83110 times)