of course it is good for bitcoin because it makes the price to keep on rising in my opinion thats the main reason of the halving isnt it? i think its really good
I think people here only minimal amount of knowledge about halving or miners need to read more on how stuff works around.Everyone around has the same opinions ,halving will increase the price but will be sad for miners.I'm not saying its wrong but the explanation is quite vague. I could write a 10 line paragraph on it but too bored to type .Check out this nice article about halving and bitcoin prices in 2016.Gives nice insights on the entire system :
http://forklog.net/bitcoin-halving-and-its-impact-on-the-price-in-2016/You've got a very good point..
It's not so much a good thing, because of many factors. For one thing, miners will drop out and the total mining power will end up becoming more centralized, which I'm not trying to say that it is going to become fully centralized... but as time goes on it will start to weed out the smaller guys and then after a while, I think it will become a duopoly or oligopoly where only a couple big guys will be the only ones mining.
This is definitely a bad thing, because of the fact that when miners are dropping out, it decreases the hashing rate and thus decreasing the security of the blockchain that we depend on. On top of all of that, there is still an issue with what the block size should be, so that just puts more fuel on the fire of what's about to occur...
Sure, you as a holder of some bitcoins will be happy when speculation starts up and the price per bitcoin rises, but there will come to a point where the people will start selling because they will start to realize that they shouldn't be pouring money into something that essentially is a huge risk to lose everything every time they move bitcoins around to other wallets, cold storages, or simply just buy things with.
