The Halving - Good or Bad for Bitcoin? - page 26.

boyptc

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Quote from: Sled on June 15, 2016, 07:43:30 PM

I think the only thing that makes the bitcoin halving bad is the mining difficulty will increased and it will affect a lot for miners because it will take more time to mine bitcoins than before.

Yeah the mining difficulty is just the bad effect of the upcoming halving, but still I know miners will do something about it. But the most effect of it,
will be a good thing for all consumers of bitcoin.
Because of the price increase the demand of it will become high and more people will going to be encourage in using bitcoin.

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Quote from: Sled on June 15, 2016, 07:43:30 PM

I think the only thing that makes the bitcoin halving bad is the mining difficulty will increased and it will affect a lot for miners because it will take more time to mine bitcoins than before.

It will be difficult for miners for sure, but if we talk about the normal users then I think halving will be profitable for them as price has started to move up now which will allow them to make good profits.

bL4nkcode

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As what I understand about the supply and demand, bitcoin value or its price will rise higher and higher after the halving but the scariest thing is when the time comes that most of bitcoin user will save there btc especially these bitcoin holders that are waiting of the rise of btc value, and few people will mine and these miners thinks that they are lossing, until the time that bitcoin will be less until it gone because of this.

Sled

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I think the only thing that makes the bitcoin halving bad is the mining difficulty will increased and it will affect a lot for miners because it will take more time to mine bitcoins than before.

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Quote from: goldcoinminer on June 10, 2016, 11:01:11 PM

The number of bitcoins they will be receiving after the halving will be lowered due to difficulty in mining and it would only compensate then to continue mining if the price of bitcoins will increase.

Actually they have managed to control the price before the supply, IMHO Wink

WaffleMaster

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Quote from: goldcoinminer on June 10, 2016, 11:01:11 PM

Quote from: Dakron on June 10, 2016, 09:24:55 AM

It will be good we are expecting more profit after the halving but i do not know if it is will be profitable in the miners but some speculation halving will cut the income of the miner.

The number of bitcoins they will be receiving after the halving will be lowered due to difficulty in mining and it would only compensate then to continue mining if the price of bitcoins will increase.

So theoretically it should be about the same for miners considering the new s9 is 2.5x more efficient in power than the s7. Since Bitcoin is also rising before, and has a potential to rise after the halving, I think this will counteract the difficulty jump from the s9 and also miners can still make the same profit. Just from a math prospective mining should be 50% more revenue because the 2.5x (less power money) x 1/2 (halving) = 50% more. Now obviously take into account difficulty and the price (which is rising based on speculation) I think it's better or break even as it is right now.

goldcoinminer

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Quote from: Dakron on June 10, 2016, 09:24:55 AM

It will be good we are expecting more profit after the halving but i do not know if it is will be profitable in the miners but some speculation halving will cut the income of the miner.

The number of bitcoins they will be receiving after the halving will be lowered due to difficulty in mining and it would only compensate then to continue mining if the price of bitcoins will increase.

Dakron

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It will be good we are expecting more profit after the halving but i do not know if it is will be profitable in the miners but some speculation halving will cut the income of the miner.

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Quote from: Betwrong on June 10, 2016, 02:37:11 AM

Quote from: Nouelle-Hunter on June 09, 2016, 07:39:35 PM

Of course bitcoin halving will have a good effect on bitcoin itself and its price.Because cutting the supply and being on demands bitcoins price will rise up to its peak.But many miners looks at halvinf a bad thing because during halving it will affect the profit on mining

They have a point, the miners, but let's hope the price rising will cover all the losses connecting with the rising of difficulty. Actually I think it will be more than covered.

But what if it is not?

bitcoin-hunter

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Quote from: Betwrong on June 10, 2016, 02:37:11 AM

Quote from: Nouelle-Hunter on June 09, 2016, 07:39:35 PM

Of course bitcoin halving will have a good effect on bitcoin itself and its price.Because cutting the supply and being on demands bitcoins price will rise up to its peak.But many miners looks at halvinf a bad thing because during halving it will affect the profit on mining

They have a point, the miners, but let's hope the price rising will cover all the losses connecting with the rising of difficulty. Actually I think it will be more than covered.

I believe just buying bitcoin and simply holding it is the lazy way of earning money. and that way you will be losing a lot of potential of earning even more.
And earning profit is not that hard, you just have to obey certain rules, have stop loss.

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Quote from: Betwrong on June 10, 2016, 02:37:11 AM

Quote from: Nouelle-Hunter on June 09, 2016, 07:39:35 PM

Of course bitcoin halving will have a good effect on bitcoin itself and its price.Because cutting the supply and being on demands bitcoins price will rise up to its peak.But many miners looks at halvinf a bad thing because during halving it will affect the profit on mining

They have a point, the miners, but let's hope the price rising will cover all the losses connecting with the rising of difficulty. Actually I think it will be more than covered.

I am pretty sure that halving bring advantages for users bitcoin, because bitcoin prices will rise, but on the other hand will probably be some obstacles to get bitcoin, and bitcoin might seek to become more difficult

Betwrong

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Quote from: Nouelle-Hunter on June 09, 2016, 07:39:35 PM

Of course bitcoin halving will have a good effect on bitcoin itself and its price.Because cutting the supply and being on demands bitcoins price will rise up to its peak.But many miners looks at halvinf a bad thing because during halving it will affect the profit on mining

They have a point, the miners, but let's hope the price rising will cover all the losses connecting with the rising of difficulty. Actually I think it will be more than covered.

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Quote from: Babayega31 on June 09, 2016, 01:29:53 AM

Quote from: xIIImaL on June 09, 2016, 01:13:34 AM

Quote from: Mvaporis1961 on June 09, 2016, 12:27:07 AM

I think bitcoin halving will be good especially to those shareholders or bitcoin traders because it's one of the best chance to sell their coins for a higher price.

n a lot of expert prediction after halving bitcoin price will be rise and even sky rocket, so i believe halving is going to give more profit to user, but every action will have effect the miners will have difficulty to gain more profit.

But their are some instance that halving have threat for bitcoins price because if price is more higher and reach to 1k$ it is prone to be dump and big crash will happen like just what happen on 2013 bitcoin reaches for 1k$ by that time and it was followed by massive dump to 200$ and maybe it can be bad happen after halving but really hoping that this will not happen.

Everyone is hoping that the value of Bitcoin will rise in the halving and that is because they already waited for a higher value because it was also a long time stable.
But the bad thing of Bitcoin is that you cant predict what is going to happen with the value and that is the risky thing also.

Collegestudent

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It has both consequences, but longer term halvening is good for the price of BTC if the hashrate does not increase. But ultimately it will end up being the same except higher price.

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Quote from: Nouelle-Hunter on June 09, 2016, 07:39:35 PM

Of course bitcoin halving will have a good effect on bitcoin itself and its price.Because cutting the supply and being on demands bitcoins price will rise up to its peak.But many miners looks at halvinf a bad thing because during halving it will affect the profit on mining

Exactly, it is the chance where investors can earn a sure money if they will invest before the halving. Because of the halving fever the price of bitcoins now is increasing substantially and what we will witness is in the next few days nearing the halving it will continue to rise, this time is not a good time to spend your bitcoins, rather save it and keep it at your wallet.

Nouelle-Hunter

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Of course bitcoin halving will have a good effect on bitcoin itself and its price.Because cutting the supply and being on demands bitcoins price will rise up to its peak.But many miners looks at halvinf a bad thing because during halving it will affect the profit on mining

randy8777

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Quote from: TemplarKnightUK on June 09, 2016, 07:17:40 AM

Quote from: randy8777 on June 09, 2016, 06:58:04 AM

Quote from: goldcoinminer on June 09, 2016, 03:57:09 AM

Quote from: Cyaren on June 09, 2016, 02:42:40 AM

Quote from: Babayega31 on June 09, 2016, 01:29:53 AM

Quote from: xIIImaL on June 09, 2016, 01:13:34 AM

Quote from: Mvaporis1961 on June 09, 2016, 12:27:07 AM

I think bitcoin halving will be good especially to those shareholders or bitcoin traders because it's one of the best chance to sell their coins for a higher price.

n a lot of expert prediction after halving bitcoin price will be rise and even sky rocket, so i believe halving is going to give more profit to user, but every action will have effect the miners will have difficulty to gain more profit.

But their are some instance that halving have threat for bitcoins price because if price is more higher and reach to 1k$ it is prone to be dump and big crash will happen like just what happen on 2013 bitcoin reaches for 1k$ by that time and it was followed by massive dump to 200$ and maybe it can be bad happen after halving but really hoping that this will not happen.

Yeah, there could be a very large dump after the halving, however whether that happens or not will remain a mystery to us until the halving actually happens. All we know right now is that the price is rising.

I think that halving is good for bitcoin, since it's giving bitcoin the push that it needed.

If they will see the price decreasing then that would really happen, they will dump their bitcoins as they already have profited with the price they purchased, but the question is, is it only because of the halving hype that the price increase or it is because of the demand of the new players in bitcoin world.

at this point the hype about the block halving is what driving the price and thus the demand. the bad side of this is that as soon as the block halving is over, the demand might fall down really hard. that's why i expect the price to go down significantly after the block halving. after that, the price must go up on its own. the lower block rewards will help in getting the supply and demand levels closer to each other.

Is it really what's "driving the price"? Can any one factor determine the price of an asset? BTC exchange rate has been rising for several months, as have a number of useful indicators, such as "My Wallet" users at Blockchain.info, transactions excluding popular addresses, etc. Bitcoin is being adopted; this is what is driving the price.

i am talking about the halving influence on the price which has been going on for longer than just the growth of last months, and not the growth of bitcoin in general. just look at what will happen once the block halving is done. the price will crash dramatically.

BitcoinPC

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Definitely, halving is a good even for bitcoins, halving is a stronger part of the bitcoins, a lot of people are buying the bitcoins in this time, because of halving, and the price of the bitcoins are increasing in everyday that are also for halving, most of the big investors and merchants are buying the bitcoins and save it now, because they want to get profit from the bitcoin in a halving day. So that all are showing that HALVING has a main part of bitcoins.

oHnK

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Quote from: thermost on June 09, 2016, 07:52:01 AM

It's how bitcoin is made, so it's good. Reward will be lower, that means higher price because ther will be more demand for btc.
Satoshi is a great mind, his algorithm is perfect, except few bugs, like double spending, else is perfect.

IF there is more demand to it , otherwise it will stay the same as ever however given that bitcoin is currently hyped alot then probably it will increase by atleast 20 % or could be more than that. Anyway, double spending is not a bug cmiiw

shane

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Quote from: CryptoBjorn on June 08, 2016, 04:21:16 PM

Quote from: shane on June 08, 2016, 12:00:25 PM

Quote from: Altynbekova on June 08, 2016, 11:34:56 AM

Quote from: bitlancr on June 08, 2016, 10:57:12 AM

I think the bitcoin will be very good but of course this can not be predicted, we just need to see if it will be profitable.
There is a big chance that it will but we will see!

The halving will be very good if we have to believe the speculators these days, also the fact that the number of users is increasing makes it for me clear that the bitcoin is gonna rise for rise.

if the effect halving for prices are good, it could make the increase. but I think for the miners probably was not so good, because it would reduce the supply distribution Bitcoin

Well the halving is just the way how the reward for miners is going down and for miners to make profit the price should go up. I am not sure if this is good or bad, since it's just the way the system is working. The moment we are now full of anticipation of the price going up is good for us though.

yes it should be if prices rise very high is good for all users, but as I said, for miners I do not know whether if prices are rising so high it was better than they get a reduction in mining results

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