The Halving - Good or Bad for Bitcoin? - page 21.

goinmerry

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Quote from: Maslate on June 27, 2016, 01:05:05 AM

Quote from: squatz1 on June 26, 2016, 04:18:04 PM

I'm going with yes on this one, due to the fact that people included this in BTC in order to maintain stability so, yeah!

With the halving that is happening next month the price should rise in order for the miners to have a profitable business, and because of this it will benefit us holders enjoying a profit on a short term investment.

A big YES. Though we only have a few coins or some million satoshis it will still affect every bit of it. So it is good for us. But I am thinking also to whom it will be bad for?

Maslate

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Quote from: squatz1 on June 26, 2016, 04:18:04 PM

I'm going with yes on this one, due to the fact that people included this in BTC in order to maintain stability so, yeah!

With the halving that is happening next month the price should rise in order for the miners to have a profitable business, and because of this it will benefit us holders enjoying a profit on a short term investment.

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I'm going with yes on this one, due to the fact that people included this in BTC in order to maintain stability so, yeah!

potatopower

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Quote from: Dux2K on June 26, 2016, 05:55:13 AM

Quote from: bitraine on June 26, 2016, 05:51:10 AM

in my understanding the reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins and because of rhat the bitcoin price should rise make it still profitable for the miners.

it should be but for small miners it will not
still this don't need to be that price will go up

well the price will definitely grow because of the halving and it will be profitable for miners so i think halving is a really good thing

Dux2K

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Quote from: Jmild1 on June 26, 2016, 06:29:07 AM

Quote from: bitraine on June 26, 2016, 05:51:10 AM

in my understanding the reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins and because of rhat the bitcoin price should rise make it still profitable for the miners.

There's still a possibility that the bitcoin price will fall down since it is getting difficult to mine bitcoin, means more miners will quit and probably cut the supply of the coin.

True but i dont think it will like that maybe it will go down a little but no that much

Jmild1

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Quote from: bitraine on June 26, 2016, 05:51:10 AM

in my understanding the reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins and because of rhat the bitcoin price should rise make it still profitable for the miners.

There's still a possibility that the bitcoin price will fall down since it is getting difficult to mine bitcoin, means more miners will quit and probably cut the supply of the coin.

yhansky

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Good for those who buy bitcoin when it was at 300!! But its not too late to buy bitcoin right now, analyst already said bitcoin will reach almost 1000$ or more after halving.

tygeade

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Quote from: Finestream on June 26, 2016, 06:15:16 AM

Quote from: Woshib on June 26, 2016, 06:10:35 AM

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...

The Halving is probably a good thing for the Bitcoin, because Bitcoin will be able to stabilize and even why not go up in value.
But I agree with you, the transaction fees will go up, you can use Bitcoin online wallets as Xapo that have no transaction fees but do not communicate the private keys to their users, so that it is not very secure.

Why would anyone share his/her private key, only fool will do that. On the other hand, the halving always do good for the bitcoin community because it always increases the price of bitcoins, that is important to make the miners stay doing their business profitably.

Yes and I think this halving will be really good and profitable for all the users, as price is increasing now and it will be reach at the best position at the time of halving.

Finestream

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Quote from: Woshib on June 26, 2016, 06:10:35 AM

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...

The Halving is probably a good thing for the Bitcoin, because Bitcoin will be able to stabilize and even why not go up in value.
But I agree with you, the transaction fees will go up, you can use Bitcoin online wallets as Xapo that have no transaction fees but do not communicate the private keys to their users, so that it is not very secure.

Why would anyone share his/her private key, only fool will do that. On the other hand, the halving always do good for the bitcoin community because it always increases the price of bitcoins, that is important to make the miners stay doing their business profitably.

Woshib

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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...

The Halving is probably a good thing for the Bitcoin, because Bitcoin will be able to stabilize and even why not go up in value.
But I agree with you, the transaction fees will go up, you can use Bitcoin online wallets as Xapo that have no transaction fees but do not communicate the private keys to their users, so that it is not very secure.

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Quote from: Dux2K on June 26, 2016, 05:55:13 AM

Quote from: bitraine on June 26, 2016, 05:51:10 AM

in my understanding the reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins and because of rhat the bitcoin price should rise make it still profitable for the miners.

it should be but for small miners it will not
still this don't need to be that price will go up

The current cost to mine a bitcoin including the current difficulty is in the high 200s. Therefore if you double that, the price would have to reflect this in the low 600s. The rest would mean profit to the miners, so I'm expecting a steady climb to $1200 by November

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Quote from: bitraine on June 26, 2016, 05:51:10 AM

in my understanding the reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins and because of rhat the bitcoin price should rise make it still profitable for the miners.

it should be but for small miners it will not
still this don't need to be that price will go up

bitraine

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in my understanding the reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins and because of rhat the bitcoin price should rise make it still profitable for the miners.

Maslate

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Quote from: bitlancr on June 25, 2016, 09:34:29 PM

The halving will be a good thing because you can make good profit with holding and that is why its positive.
The price will rise to a higher amount due to the halving that is coming next month.

More likely to rise because base on what we are seeing the last few days although the price fall back a bit but it is starting to rise again. With that movement that is a positive trend to qualify our prediction.

bitlancr

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The halving will be a good thing because you can make good profit with holding and that is why its positive.
The price will rise to a higher amount due to the halving that is coming next month.

RastMan

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Quote from: JessicaSe on June 21, 2016, 10:23:20 AM

Quote from: Mr.grin on June 21, 2016, 10:11:06 AM

so far I only see the good effects of the halving, because it makes so many users bitcoin into a profit, but on the other hand, perhaps halving it has a bad effect, that because a lot of people who hold bitcoin them, when they sell bitcoin they hold, it will affect the price and the other bitcoin holders

We should be one of them, we should also sell our coins when price goes higher as only holding will never allow you to make profits, better to sell when price goes higher.

The catch is that we never know if the price is too high or too low. The whales determine the price and make profit.

fearlesscat10

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Quote from: JessicaSe on June 21, 2016, 10:23:20 AM

Quote from: Mr.grin on June 21, 2016, 10:11:06 AM

so far I only see the good effects of the halving, because it makes so many users bitcoin into a profit, but on the other hand, perhaps halving it has a bad effect, that because a lot of people who hold bitcoin them, when they sell bitcoin they hold, it will affect the price and the other bitcoin holders

We should be one of them, we should also sell our coins when price goes higher as only holding will never allow you to make profits, better to sell when price goes higher.

It's not necessarily bad because when halving makes people talk about bitcoin. The talk and the high prices may make other people get interested in bitcoin, but at that point the price is too high to buy in. When holders sell, the price will adjust and more people can buy in and adoption overall increases.

I don't think anything about halving is bad really.

JessicaSe

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Quote from: Mr.grin on June 21, 2016, 10:11:06 AM

so far I only see the good effects of the halving, because it makes so many users bitcoin into a profit, but on the other hand, perhaps halving it has a bad effect, that because a lot of people who hold bitcoin them, when they sell bitcoin they hold, it will affect the price and the other bitcoin holders

We should be one of them, we should also sell our coins when price goes higher as only holding will never allow you to make profits, better to sell when price goes higher.

Mr.grin

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so far I only see the good effects of the halving, because it makes so many users bitcoin into a profit, but on the other hand, perhaps halving it has a bad effect, that because a lot of people who hold bitcoin them, when they sell bitcoin they hold, it will affect the price and the other bitcoin holders

escrowboy

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Quote from: sishendaoye on June 21, 2016, 09:07:34 AM

The halving is not bad for the Bitcoin but it is bad for the people that want to earn coins because now after the halving it becomes way harder to earn Bitcoins.
But because of the halving coming the price is going up fast which is a good.

Which is good for pioneers! The one that will benefit most and might get a huge profit will be the long-time bitcoin users.

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