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.
Topic: The Halving - Good or Bad for Bitcoin? - page 22. (Read 83082 times)
Very good for Bitcoin because what the halving means is that the sell pressure from miners will forever be cut in half. As we all know traders like to sell for more so overall it will be positive after the dust settles.
Halving means the block they use to mine will be half making the quantity of bitcoin harder to earn and by that it will also make the value of it go higher. Because big demand with low supply will result to price pump.If the demand is decreasing then tendency price will fall. This is just applies the law of supply and demand. There are many people now are selling their bitcoins, so it means there are lot of supplies now in the economy. So, the demand will decrease. Tendency price drop now is happening.
With just a dump today you can considered that as tendency price drop now?
I considered it just a normal price move and eventually it can keep up again and will back again to the range where it begans.
It is hard to predict what will happen in the future with Bitcoin and that is hard to know what will happen in the halving with Bitcoin but you see that it is now rising.
But you dont know when it will stop rising and that is the risky thing of Bitcoin.
But you dont know when it will stop rising and that is the risky thing of Bitcoin.
for this time halving can be good for us as investors if the price goes up high like it did last time and it will create a good chance for making a good profit.
Very good for Bitcoin because what the halving means is that the sell pressure from miners will forever be cut in half. As we all know traders like to sell for more so overall it will be positive after the dust settles.
Halving means the block they use to mine will be half making the quantity of bitcoin harder to earn and by that it will also make the value of it go higher. Because big demand with low supply will result to price pump.If the demand is decreasing then tendency price will fall. This is just applies the law of supply and demand. There are many people now are selling their bitcoins, so it means there are lot of supplies now in the economy. So, the demand will decrease. Tendency price drop now is happening.
Very good for Bitcoin because what the halving means is that the sell pressure from miners will forever be cut in half. As we all know traders like to sell for more so overall it will be positive after the dust settles.
Halving means the block they use to mine will be half making the quantity of bitcoin harder to earn and by that it will also make the value of it go higher. Because big demand with low supply will result to price pump.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 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...
Well i actually think that bitcoin halving is good for everyone, well almost everyone, as it's price will riseso this will lead to larger popularity
And i think that it is good for everyone except miners, as they will get less profit if bitcoins price won't rise at all i think
But we are now still for sure what is going to happen later in the future.
The difficulty does not affect the cost, on the contrary, investors buy cryptocurrency, miners include miners saw that there was a margin, the price drops, miners turned off. Do not confuse cause and effect. Rather, in the run-up to Halving reward for mining investors probably push the price up to network capacity does not drop much when it comes time Halving.
To miners could be the same thing if the price is doubled.
Looking at the present price spike I think halving be really good for the users like us who have been waiting to see the best price of bicoin, just hold your coins for halving and you will get the answer.
To the point of the question, on whether or not it is bad for bitcoin: all of these considerations arise as a result of the halving, but that halving is very much necessary for bitcoin to halve any value. Its value only derives from its scarcity and the guarantee of that halving. Without it, it is nothing more than binary digits and wasted electricity. Putting pressure on miners, though, is perhaps a bad thing. The next best thing would be a disinflationary supply, with constant mining output (I think Ether has this principle?), or even a constant-inflationary supply (i.e. block reward expands to ensure constant expansion of maybe ∼3/4% p.a, Friedman-style?). It's all guesswork, but I think there is cause to be bullish, and I really don't think the network is going to break in 20 days' time.
Along with the halving miners could raise the fees in order to somewhat compensate (or overcompensate, lol) for the loss of profits due to halving and possible price collapse just before or right after the halving...
I'm curious who does actually set the fees?
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 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...
Well i actually think that bitcoin halving is good for everyone, well almost everyone, as it's price will riseso this will lead to larger popularity
And i think that it is good for everyone except miners, as they will get less profit if bitcoins price won't rise at all i think
Regarding the collusion between the pools, you can take it as guaranteed, since in any market whenever there are a few major players and no supervising body that both sets the rules forbidding collusion and brings down the punishment for breaking them (see the Billions movie series), it is in the best economic interests of these players to coordinate their actions...
So, as I said, it is not a matter of if they collude but rather which form it will take, and what actions it will bring
So, as I said, it is not a matter of if they collude but rather which form it will take, and what actions it will bring
Okay, so assuming collusion is taking place, we can all see the blockchain, and take temporal logs, so if ever such a thing is discovered, the community can surely revert to the log at a time point before it was known to be bad? Or would that try to unwind too much economic activity and enrich those that should have had their wealth depleted? It is messy
I don't quite understand what you mean by "a thing". Miners are interested in the high price, and the halving is a good pretext for massaging the market in that direction. In this way, the mining pools, in coordination with each other, might have been artificially reducing the supply of new coins to the market or even buying some coins to stir up the interest of the public...
Once this interest is instigated and the price is on the rise, they can gradually sell back the coins and book profits
Regarding the collusion between the pools, you can take it as guaranteed, since in any market whenever there are a few major players and no supervising body that both sets the rules forbidding collusion and brings down the punishment for breaking them (see the Billions movie series), it is in the best economic interests of these players to coordinate their actions...
So, as I said, it is not a matter of if they collude but rather which form it will take, and what actions it will bring
So, as I said, it is not a matter of if they collude but rather which form it will take, and what actions it will bring
Okay, so assuming collusion is taking place, we can all see the blockchain, and take temporal logs, so if ever such a thing is discovered, the community can surely revert to the log at a time point before it was known to be bad? Or would that try to unwind too much economic activity and enrich those that should have had their wealth depleted? It is messy.
To the point of the question, on whether or not it is bad for bitcoin: all of these considerations arise as a result of the halving, but that halving is very much necessary for bitcoin to halve any value. Its value only derives from its scarcity and the guarantee of that halving. Without it, it is nothing more than binary digits and wasted electricity. Putting pressure on miners, though, is perhaps a bad thing. The next best thing would be a disinflationary supply, with constant mining output (I think Ether has this principle?), or even a constant-inflationary supply (i.e. block reward expands to ensure constant expansion of maybe ∼3/4% p.a, Friedman-style?). It's all guesswork, but I think there is cause to be bullish, and I really don't think the network is going to break in 20 days' time.
Regarding the collusion between the pools, you can take it as guaranteed, since in any market whenever there are a few major players and no supervising body that both sets the rules forbidding collusion and brings down the punishment for breaking them (see the Billions movie series), it is in the best economic interests of these players to coordinate their actions...
So, as I said, it is not a matter of if they collude but rather which form it will take, and what actions it will bring
So, as I said, it is not a matter of if they collude but rather which form it will take, and what actions it will bring
Let's continue with the thorough dissection of your post, lol.
Not to worry, fruitful discussion is helpful!
They're also comprised of individual miners, who receive the profits and decide what to do with them, rather than a single entity (the pool). Though some miners may have greater hashpower than others, I think the overall scheme is one of independence of one another. Also, if pools exert dominance, individual miners exert their free will to switch (as I believe occurred after GHash.IO's 51% gambit) and the system is rectified
I don't know the story behind GHash.IO's 51% gambit (as you call it), but I think that I can safely assume that they have abused their position too openly and too aggressively, and now we have 7-8 mining pools who will most likely act in by far more subtle ways to pursue their ends (having learned the lesson), which may differ substantially from the interests of individual miners that these pools consist of. We have witnessed the price increase more than 3 times in the course of the last year, but who is most interested in this hike and can actually affect the price? These are the same mining pools, though we are told now and then, here and there that the hike is due to the upcoming halving (which may actually be true to a certain extent)...
To me, it is not a question of whether they will exert their dominance, but rather of how subtle their ways will be
Is there any way we could be aware if there was collusion between pools? Though would this not only be to impact the legitimacy of the blockchain? We can easily verify that unspent outputs don't go above 21 million, and people would start complaining if their coins were missing (though perhaps miners might target earlier and untouched ones in order to get away undetected). Nevertheless, there are some news outlets for the crypto-sphere that I feel would blow the whistle on such a thing if necessary (no great conspiracy persists forever undiscovered)
This inference (that no great conspiracy remains undiscovered) is an obvious example of the so-called survivorship bias. In WWII, the bombers returning home from missions had bullet holes in various places (in the wings, nose, and tail) but never through the engine and the cockpit. It meant that the planes that got hit there simply didn't make it home, and not what you might think. In this case, you only hear about the conspiracies that got revealed in due course, but you will never hear about the ones that just dissolve in the fog of time undisclosed...
Thereby, you inadvertently overlook them, and this can lead to false conclusions like that you mentioned
Halving makes thee bitcoin price go higher,,and they are waiting for this cause its only happening every four years.
Therefore this halving is an opportunity that should not be mislook by everyone here, this is the time where we can earn a good amount of bitcoins if we know how to risk. The halving is always good if majority will benefit.the best times to invest in bitcoin due to the block halving are over at this point. right now is an okay moment to enter the market. it's either good for selling or holding even longer. that's how i look at it.
That's correct, buy time is over now as price seems to be very high now so either its time to sell if you are satisfied with the price or hold if you expect higher price at halving.
Halving makes thee bitcoin price go higher,,and they are waiting for this cause its only happening every four years.
Therefore this halving is an opportunity that should not be mislook by everyone here, this is the time where we can earn a good amount of bitcoins if we know how to risk. The halving is always good if majority will benefit.the best times to invest in bitcoin due to the block halving are over at this point. right now is an okay moment to enter the market. it's either good for selling or holding even longer. that's how i look at it.
Halving makes thee bitcoin price go higher,,and they are waiting for this cause its only happening every four years.
Therefore this halving is an opportunity that should not be mislook by everyone here, this is the time where we can earn a good amount of bitcoins if we know how to risk. The halving is always good if majority will benefit.
Halving makes thee bitcoin price go higher,,and they are waiting for this cause its only happening every four years.
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