The Halving - Good or Bad for Bitcoin? - page 56.

bit1

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Quote from: doctor877 on February 07, 2016, 08:33:23 AM

Quote from: BlackPanda on February 07, 2016, 05:58:01 AM

I think this is good news. because of the presence of halving block will make the deployment of bitcoin is limited. bitcoin currency will be very valuable because it will not be produced again.

Halving will be good for bitcoins, but the only thing to worry is that the price should not fall down after halving or else people would start loosing trust in bitcoins and that would surely affect the future of bitcoins.

The price could go up suddenly because the supply will drop drastically.

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Quote from: doctor877 on February 07, 2016, 08:33:23 AM

Quote from: BlackPanda on February 07, 2016, 05:58:01 AM

I think this is good news. because of the presence of halving block will make the deployment of bitcoin is limited. bitcoin currency will be very valuable because it will not be produced again.

Halving will be good for bitcoins, but the only thing to worry is that the price should not fall down after halving or else people would start loosing trust in bitcoins and that would surely affect the future of bitcoins.

Price fell down even when previous halving took place, price fell down when it reached $1k, did people lose trust in bitcoins yet???
Halving will have a tremendous effect on Bitcoin's price, but not on people's trust...

doctor877

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Quote from: BlackPanda on February 07, 2016, 05:58:01 AM

I think this is good news. because of the presence of halving block will make the deployment of bitcoin is limited. bitcoin currency will be very valuable because it will not be produced again.

Halving will be good for bitcoins, but the only thing to worry is that the price should not fall down after halving or else people would start loosing trust in bitcoins and that would surely affect the future of bitcoins.

BlackPanda

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Quote from: winspiral on February 07, 2016, 06:12:47 AM

Quote from: BlackPanda on February 07, 2016, 05:58:01 AM

I think this is good news. because of the presence of halving block will make the deployment of bitcoin is limited. bitcoin currency will be very valuable because it will not be produced again.

it is not a news...it was known since the first day of bitcoin life...
It is why it will not change the bitcoin price much,because it is not a news.

I say this "good news" and not "news", you try to watch back what I said. This is the "good news". Wink

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Quote from: BlackPanda on February 07, 2016, 05:58:01 AM

I think this is good news. because of the presence of halving block will make the deployment of bitcoin is limited. bitcoin currency will be very valuable because it will not be produced again.

it is not a news...it was known since the first day of bitcoin life...
It is why it will not change the bitcoin price much,because it is not a news.

BlackPanda

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I think this is good news. because of the presence of halving block will make the deployment of bitcoin is limited. bitcoin currency will be very valuable because it will not be produced again.

Denker

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I would say let's see what will happen. We see arguments on both sides why the price will rise and why not.
In the end we all will have to wait what will happen.WIll be very interesting to see how people will react if either one or the other happens.

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This year halving won't have a serious impact on the price of bitcoin. These days the price is increasing and dropping based on the market situation. i think even after or on halving also the same scenario can be observed.

Laosai

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Quote from: ?? on ??

Everyone expecting a big rise in the price of a bitcoin after the halving should take a good look at the recent Litecoin halving. The price dropped from the pre-halving bubble high of about $6 down to $3 just before the halving, and 6 months later it is still $3.

Wow thanks for that data. I was not aware as I don't follow news about lite coin.

This is exactly my opinion! Everyone expects a huge rise after halving but there was already a rise! Few weeks (two or three months) before the price was at 280$ so it's already a 100$ increase!

Not sure the price will increase after the halving, for me the price will decrease. Everyone is holding their coins waiting for the halving to dump!

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Quote from: ?? on ??

Everyone expecting a big rise in the price of a bitcoin after the halving should take a good look at the recent Litecoin halving. The price dropped from the pre-halving bubble high of about $6 down to $3 just before the halving, and 6 months later it is still $3.

again with this no-sense argument, litecoin halving is different it went from 50 to 25, not from 25 to 12.5, so miners have still an overkill profit with litecoin, that's why the pump is not needed, it was an overkill

and anyway the pump happened before, so it's true that at each halving you get at least one big pump, also litecoin is a bit of a doomed coin, not accepted in any store like bitcoin...

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Quote from: iamthesky on February 06, 2016, 04:05:13 PM

Quote from: richardsNY on February 06, 2016, 04:01:07 PM

Quote from: LarryHocks on February 06, 2016, 03:35:46 PM

Normally a halving is good, since it can increase the price of bitcoin.
But these days it's hard to say what will happen. It won't surprise me if the price will stay the same.

I find it hard to believe the price will stay at sub $400 levels when we are seeing the block halving being completed. By that time we'll most likely see a price of above the $500 price level. If it indeed turns out that the price is staying below $400 by that time, then a lot people will get disappointed for sure.

Exactly, it should atleast cross $500 mark after halving but in case if gets stable at $400 then lots of people would start loosing their faith in bitcoins, and would surely sell all their coins.

Which means the halving is a risk for bitcoin, cause if everyone starts selling there coin, it gonna drop the price too.

I'm really afraid of the snowball effect, as EVERYONE is holding their coins for the halving... What will happen? If everyone wants to sell just after the halving to profit the price rise, well the price isn't going to rise. At all. It'll even drop at the risk of fucking up the btc.

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the halving is interesting for the bitcoin but unintersting for the miners...

price of bitcoin will then go a little up
mining difficulty will go a little down...because less miners.
many miners will give up because cost for mining will be higher than income.

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Quote from: richardsNY on February 06, 2016, 04:01:07 PM

Quote from: LarryHocks on February 06, 2016, 03:35:46 PM

Normally a halving is good, since it can increase the price of bitcoin.
But these days it's hard to say what will happen. It won't surprise me if the price will stay the same.

I find it hard to believe the price will stay at sub $400 levels when we are seeing the block halving being completed. By that time we'll most likely see a price of above the $500 price level. If it indeed turns out that the price is staying below $400 by that time, then a lot people will get disappointed for sure.

Exactly, it should atleast cross $500 mark after halving but in case if gets stable at $400 then lots of people would start loosing their faith in bitcoins, and would surely sell all their coins.

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Quote from: LarryHocks on February 06, 2016, 03:35:46 PM

Normally a halving is good, since it can increase the price of bitcoin.
But these days it's hard to say what will happen. It won't surprise me if the price will stay the same.

I find it hard to believe the price will stay at sub $400 levels when we are seeing the block halving being completed. By that time we'll most likely see a price of above the $500 price level. If it indeed turns out that the price is staying below $400 by that time, then a lot people will get disappointed for sure.

LarryHocks

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Normally a halving is good, since it can increase the price of bitcoin.
But these days it's hard to say what will happen. It won't surprise me if the price will stay the same.

Laosai

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Quote from: kacak41 on February 06, 2016, 02:50:32 PM

Quote from: Laosai on February 06, 2016, 10:46:45 AM

Quote from: 1Referee on January 31, 2016, 06:00:41 AM

Quote from: Dux2K on January 31, 2016, 04:41:42 AM

Quote from: MyBTT on January 31, 2016, 03:23:43 AM

I am not sure whether it is good for Bitcoin, but it is good for me, because I make money.

I dont mine btc so im think is goid but for minners think its bad they will use same aount of electricity and will receieve less coins

I am quite sure that the mining farms will keep mining as they will make profit even when the price doesn't go up. If the price does go up, then it's just an extra bonus for them. Also, the Chinese exchanges Huobi and OKCoin are definitely up to something. If the price doesn't go up as much from the genuine demand, then these exchanges will come through with a "helping hand". And other exchanges will follow China as usual.

Think so? I heard that before halving if price goes below 300 dollars miners will start loosing money!

So if their earnings is cut in half, I'd say that there MUST be a price increase else they'll lose money no?

Price will surely increase after halving that is for sure and that is the reason many of us are holding their bitcoins and waiting for halving so that they can sell their bitcoins when the value of bitcoins is higher.

Hmm... your answer is a reasoning showing not a rise but a lower price.

If everyone is holding before halving (and I think it's the case) then they'll all sell after the halving. So the price will drop.

Call me a fool but I bet the price will significantly rise before the halving, then decrease just after!

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Quote from: Laosai on February 06, 2016, 10:46:45 AM

Quote from: 1Referee on January 31, 2016, 06:00:41 AM

Quote from: Dux2K on January 31, 2016, 04:41:42 AM

Quote from: MyBTT on January 31, 2016, 03:23:43 AM

I am not sure whether it is good for Bitcoin, but it is good for me, because I make money.

I dont mine btc so im think is goid but for minners think its bad they will use same aount of electricity and will receieve less coins

I am quite sure that the mining farms will keep mining as they will make profit even when the price doesn't go up. If the price does go up, then it's just an extra bonus for them. Also, the Chinese exchanges Huobi and OKCoin are definitely up to something. If the price doesn't go up as much from the genuine demand, then these exchanges will come through with a "helping hand". And other exchanges will follow China as usual.

Think so? I heard that before halving if price goes below 300 dollars miners will start loosing money!

So if their earnings is cut in half, I'd say that there MUST be a price increase else they'll lose money no?

Price will surely increase after halving that is for sure and that is the reason many of us are holding their bitcoins and waiting for halving so that they can sell their bitcoins when the value of bitcoins is higher.

Laosai

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Quote from: 1Referee on January 31, 2016, 06:00:41 AM

Quote from: Dux2K on January 31, 2016, 04:41:42 AM

Quote from: MyBTT on January 31, 2016, 03:23:43 AM

I am not sure whether it is good for Bitcoin, but it is good for me, because I make money.

I dont mine btc so im think is goid but for minners think its bad they will use same aount of electricity and will receieve less coins

I am quite sure that the mining farms will keep mining as they will make profit even when the price doesn't go up. If the price does go up, then it's just an extra bonus for them. Also, the Chinese exchanges Huobi and OKCoin are definitely up to something. If the price doesn't go up as much from the genuine demand, then these exchanges will come through with a "helping hand". And other exchanges will follow China as usual.

Think so? I heard that before halving if price goes below 300 dollars miners will start loosing money!

So if their earnings is cut in half, I'd say that there MUST be a price increase else they'll lose money no?

fruitcommander

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Quote from: Windpower on January 31, 2016, 05:00:43 AM

Quote from: MyBTT on January 31, 2016, 03:23:43 AM

I am not sure whether it is good for Bitcoin, but it is good for me, because I make money.

It is definitely good for the people that have invested in Bitcoin, but it is bad for miners.

Yeah, halving is good for the people who have invested their money in recent past as after halving the price would be much higher, so that they can make some money out of it, if halving will have positive effects then it would benefit many of us.

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Quote from: 1Referee on January 31, 2016, 06:00:41 AM

Quote from: Dux2K on January 31, 2016, 04:41:42 AM

Quote from: MyBTT on January 31, 2016, 03:23:43 AM

I am not sure whether it is good for Bitcoin, but it is good for me, because I make money.

I dont mine btc so im think is goid but for minners think its bad they will use same aount of electricity and will receieve less coins

I am quite sure that the mining farms will keep mining as they will make profit even when the price doesn't go up. If the price does go up, then it's just an extra bonus for them. Also, the Chinese exchanges Huobi and OKCoin are definitely up to something. If the price doesn't go up as much from the genuine demand, then these exchanges will come through with a "helping hand". And other exchanges will follow China as usual.

The big mining farm will keep on mining as their electricity price will be lower than most people. They planned well before building the farms.

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