The Halving - Good or Bad for Bitcoin? - page 29.

Denker

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Quote from: nnim2299357chenw on June 05, 2016, 03:06:05 AM

The halving will affect the bitcoin price in short term.

I don't think so.
The less coins can enter the market due to the block reward getting cut in half each 210000 blocks, the more the coins will rise in value if demand stays the same or keeps moving upwards.Therefore it's a long term effect.

boyptc

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Quote from: jiefes on June 05, 2016, 07:25:21 AM

Halving of BTC reward gives a chance of the next coins and innovation.

That will be a bad affect for bitcoin if it will going to give chance for other coins to be more innovated because there is a chance that those alt coins
will replace bitcoin if they are going to be more popular because of the halving.

jiefes

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Halving of BTC reward gives a chance of the next coins and innovation.

Finestream

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Quote from: SilverPunk on June 05, 2016, 06:05:47 AM

Quote from: isen on June 05, 2016, 04:09:34 AM

It can be only good first of all for us who already own bitcoins for obvious reasons and of course it will attract more people who will learn about bitcoins after the price increase.

Yeah exactly ,it is good or the advantage who knows already bitcoins even before the halving and bad or disadvantage for those who knows it after halving.but if they know or they have a big capital it also a good for them.

Any amount you put prior to halving can be in safe investment, I think this is easy money as you will expect that the price will steadily increase and you are not doing anything stressful but just simply buy bitcoins and put your money in the bitcoin wallet. This only happens this year and we need more years to prepare for it so for those who has not invested yet this is the opportunity to take our share for being a supporters of bitcoins.

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Quote from: isen on June 05, 2016, 04:09:34 AM

It can be only good first of all for us who already own bitcoins for obvious reasons and of course it will attract more people who will learn about bitcoins after the price increase.

Yeah exactly ,it is good or the advantage who knows already bitcoins even before the halving and bad or disadvantage for those who knows it after halving.but if they know or they have a big capital it also a good for them.

isen

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It can be only good first of all for us who already own bitcoins for obvious reasons and of course it will attract more people who will learn about bitcoins after the price increase.

nnim2299357chenw

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The halving will affect the bitcoin price in short term.

Cyaren

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I personally believe that halving is going to give bitcoin the push that it needed. The public hasn't heard about bitcoin for quite some time now and now you've got the halving coming up and the price soaring.

The price going up in itself is always good for me, since I've invested in bitcoin heavily Cheesy

fearlesscat10

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Quote from: Enotche on June 05, 2016, 01:11:49 AM

Quote from: oHnK on June 04, 2016, 11:51:30 PM

Quote from: Bitcoinbro on June 02, 2016, 10:28:41 PM

I think it will be good for the bitcoin but its still the question if this is true because no one knows how the halving will unwrap and what is coming with it.

It has been coming and the price rise is the effect for that. It will still continue and people will be panicking as soon as it is coming nearer. We still have around 30 days give or take to feel this effect and of course take advantage from it

Yes, HYIP effect makes itself felt. But I think that it is insignificant. The main reason for the growth is now at the moment is the weakening of the yuan, so that Chinese investors are starting to buy Bitcoin. And also still need to follow the latest world news, I mean the confidence of a Bitcoin, the world's major banks and traders.

I think it'll be good for bitcoin because this is how Satoshi designed it to be.

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Quote from: pocarime32 on June 05, 2016, 12:26:27 AM

I think The halving is good for bitcoin, it's make the price of bitcoin become expensive and increase. It's attract more people to use bitcoin and bitcoin become popular.

In real life (if Bitcoin were a currency with which goods had been bought) that would lead to a heavy recession (producers wrapping up production and firing their staff). But since Bitcoin has nothing to do with real economy, halving can only make the grassroots jump for joy...

Look for a double top

Enotche

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Quote from: oHnK on June 04, 2016, 11:51:30 PM

Quote from: Bitcoinbro on June 02, 2016, 10:28:41 PM

I think it will be good for the bitcoin but its still the question if this is true because no one knows how the halving will unwrap and what is coming with it.

It has been coming and the price rise is the effect for that. It will still continue and people will be panicking as soon as it is coming nearer. We still have around 30 days give or take to feel this effect and of course take advantage from it

Yes, HYIP effect makes itself felt. But I think that it is insignificant. The main reason for the growth is now at the moment is the weakening of the yuan, so that Chinese investors are starting to buy Bitcoin. And also still need to follow the latest world news, I mean the confidence of a Bitcoin, the world's major banks and traders.

pocarime32

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I think The halving is good for bitcoin, it's make the price of bitcoin become expensive and increase. It's attract more people to use bitcoin and bitcoin become popular.

oHnK

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Quote from: Bitcoinbro on June 02, 2016, 10:28:41 PM

I think it will be good for the bitcoin but its still the question if this is true because no one knows how the halving will unwrap and what is coming with it.

It has been coming and the price rise is the effect for that. It will still continue and people will be panicking as soon as it is coming nearer. We still have around 30 days give or take to feel this effect and of course take advantage from it

cpackman21

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I'd assume that it will cause the price to jump up pretty quick. The price has jumped up $140 in a week or two due to all of this noise around the halving, and I doubt the price will drop immediately afterwards. The price could go back down a couple hundred dollars, but I'd expect all of the news around bitcoin to push the price up to around $1000, then it should drop down to $600-700 again. Right now it's $580, up from $440 even though the halving hasn't happened yet. Even if mining is much less profitable due to the halving, that will lead to more people buying bitcoin instead of mining it, pushing up the value even further.

Overall, I'd expect the halving to be good.

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Quote from: streazight on June 04, 2016, 10:34:37 PM

Quote from: swogerino on June 02, 2016, 08:12:52 PM

The halving will be good because the supply will lower which increases the price of the bitcoins and that will help publicity

The halving is coming this year and I believe its a good thing for everyone . It is also bad in the sense because some of the people that are the target of the halving( the miners) they will lose profit. For other people other then the miners, that are holding their bitcoin it will be pretty nice for them.

I think this is an unfairness. Just think, the miners who generate new Bitcoin and they invest a lot of money for that, but why the block halving is is seen as bad thing for them?

streazight

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Quote from: swogerino on June 02, 2016, 08:12:52 PM

The halving will be good because the supply will lower which increases the price of the bitcoins and that will help publicity

The halving is coming this year and I believe its a good thing for everyone . It is also bad in the sense because some of the people that are the target of the halving( the miners) they will lose profit. For other people other then the miners, that are holding their bitcoin it will be pretty nice for them.

Bitcoinbro

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I think it will be good for the bitcoin but its still the question if this is true because no one knows how the halving will unwrap and what is coming with it.

goldcoinminer

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Quote from: swogerino on June 02, 2016, 08:12:52 PM

The halving will be good because the supply will lower which increases the price of the bitcoins and that will help publicity

That's the real explanation, people should not worry much about FUD on the halving, we are definitely gonna hit a good price by the time the halving ends, for now we should concentrate on working so we could buy a decent amount of bitcoins enough to earn profit after the halving.

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The halving will be good because the supply will lower which increases the price of the bitcoins and that will help publicity

dsyahputera

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Quote from: Enotche on June 02, 2016, 02:22:34 AM

Halving effect will not be instantaneous. Some expect that the price will take off at one time in half, but it is at least naive. Perhaps someone will be disappointed that it did not, and will rush to sell their coins. We can expect increased volatility. However, this volatility will be held, and the market budetet increase the deficit.
Why? Very simple. Demand will continue to grow and offer the extracted coins will drop by half. And never again will increase.
Here's what can be fun. Now every day is issued about 3,650 bitcoins. Simultaneously the number will be reduced to 1825 pieces. Given that the day runs about 250 000 transactions a total turnover of $ 5 to 15 million, it will create even more demand for Bitcoin, with such modest emissions.

Over time, the deficit will only increase. The complexity will continue to increase, but the reward will be reduced every four years.

Yes, and the number of transactions will also increase followed by increased transaction fees. And I think those all are a genius concept behind the Bitcoin, and this is good for Bitcoin itself.

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