The Halving - Good or Bad for Bitcoin? - page 64.

Swordsoffreedom

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Quote from: CoinSkipper on October 24, 2015, 04:28:57 PM

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.d.

What's your verdict?

Good for Bitcoin, it decreases the supply makes miners more efficient and pushes prices upward for Bitcoin.
In addition each halving and period approaching it causes increased attention on Bitcoin and provides a chance for the media to do a 4 year update on the topic and attract more attention to the ecosystem.

btckold24

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I think for miners it could be bad at first but alot should stop mining making difficulty go down. Also it should make the price go up and that gets excitement going again and people talking. The more publicity btc gets the better for us that are holding some. I know personally I stopped mining long ago because of difficulty so it would be nice if at halving some farms closed down.

AncilVTwo

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im my opinion its good because its pretty much needed. we need to reduce the supply of bitcoin otherwise the value of bitcoin would be really low.

iv4n

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I`m new in bitcoin world, I read all kind of things related with bitcoin. As I understanded many people hope for this event to drive the bitcoin price up like it did during 2013 (I didn`t know about bitcoin in that time). And every price rise is a very good thing for bitcoin that is for sure. But in reality we do not know how this will affect on bitcoin and miner`s. We can just hope for the best.

98problems

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i believe it will mostly be good for bitcoin as halving will result in a price increase what means that a bigger community will be attracted t bitcoins

bitart

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It's really unpredictable what will be the reaction when the next halving happens. If miners don't want to work for the new coins, they can try to work on transactions. We'll see what will happen with transaction fees after the halving. Maybe if a part of the miners will work only on transaction confirmation, the transactions will be signed quickly.

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Quote from: RealBitcoin on November 11, 2015, 10:57:57 AM

Give it all to me babe, bitcoin must halve as much as possible.

I would not mind if the block reward would shrink to 1 satoshi by tomorrow.

Of course the miners will and the network size will shirnk, blabla and it would hurt btc.

Yes the natural progress of satoshi must be respected, but I feel we need a lot of patience until inflation gets below 1%.

only about 3 halvings away.

halving is in my opinion good because it's a simple rule that everyone can get behind and in theory it should make all existing coins more valuable.

The reason it's somewhat bad is because in its early years the main reason why it fluctuated so much is in my opinion this simple rule. Most of the attention was negative tho. But as they say any attention is good attention. Nothing really is bad in this world, it's only our thinking that makes it so.

RealBitcoin

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Give it all to me babe, bitcoin must halve as much as possible.

I would not mind if the block reward would shrink to 1 satoshi by tomorrow.

Of course the miners will and the network size will shirnk, blabla and it would hurt btc.

Yes the natural progress of satoshi must be respected, but I feel we need a lot of patience until inflation gets below 1%.

Denker

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Good or bad in what terms?
In terms of price it might be positive.Fact is no one knows.The only experience we have is the last halving.However this does not automatically mean that the same will happen again. We all hope so but there is no guarantee.

tom555

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As a trader, it's a big development in btc and sure is something that'll probably make the prices rise. So bring it on

The halving is an inherent feature of the Bitcoin protocol, and no one really knows what will happen after.
The theory says that as the currency reduces its emission flow, the feeling of scarcity will become more evident, and prices will tend to rise.

bitart

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Quote from: smith coins on October 28, 2015, 11:04:40 AM

Quote from: gentlemand on October 27, 2015, 08:31:03 PM

Quote from: Decoded on October 27, 2015, 08:11:45 PM

I think bitcoin will rise a few months before the halving, but drop a little as miners abandon bitcoin.

The unprofitable miners will fall away. I assume the truly professional operations have regular buys set up well away from any market so that would mean even less sell pressure than before.

I think that the first generation of miners will shut down.
The only miners that will remain in the mining world are the latest one.
Only 29.64% of total bitcoins are left to mine so the price normally should be increased.

What about transaction fees? Miners can get some bitcoin for processing transaction also. Does it not worth them to stay in business? As usage of bitcoin grows, there will be more and more transaction needs to be processed. Maybe the priority fee will be normal in some time because of the miners' capacities.

smith coins

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Quote from: gentlemand on October 27, 2015, 08:31:03 PM

Quote from: Decoded on October 27, 2015, 08:11:45 PM

I think bitcoin will rise a few months before the halving, but drop a little as miners abandon bitcoin.

The unprofitable miners will fall away. I assume the truly professional operations have regular buys set up well away from any market so that would mean even less sell pressure than before.

I think that the first generation of miners will shut down.
The only miners that will remain in the mining world are the latest one.
Only 29.64% of total bitcoins are left to mine so the price normally should be increased.

Amph

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Quote from: n2004al on October 28, 2015, 04:05:45 AM

Quote from: zimmah on October 25, 2015, 05:44:03 PM

The halving is a necessary part of bitcoin, and without it, bitcoin wouldn't be where it was now in the first place.
so obviously good.

Why is necessary? I'm not an expert in this field (in mining or programming) but I think that halving it is only an option that could be not so if the program could have been written otherwise. Nothing will change in bitcoin if the mining of all the amount of bitcoins would have been in much less time than in other about 120 years. No one quality of bitcoin would be different (compared to the actual one) if, for example all the bitcoins would be in the market within the next 20 years (without any halving in years). Maybe this would have affected the price of it but not any other its quality as currency.

if there was not halving the supply would have already exhausted, and satoshi didn't want this, he was thinking that prolonging the mining activity in a long time frame, would be more beneficial for the adoption

because it will leave the necessary time, to spread the awareness for bitcoin

n2004al

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Quote from: zimmah on October 25, 2015, 05:44:03 PM

The halving is a necessary part of bitcoin, and without it, bitcoin wouldn't be where it was now in the first place.
so obviously good.

Why is necessary? I'm not an expert in this field (in mining or programming) but I think that halving it is only an option that could be not so if the program could have been written otherwise. Nothing will change in bitcoin if the mining of all the amount of bitcoins would have been in much less time than in other about 120 years. No one quality of bitcoin would be different (compared to the actual one) if, for example all the bitcoins would be in the market within the next 20 years (without any halving in years). Maybe this would have affected the price of it but not any other its quality as currency.

bitbaby

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It should be good for the Bitcoin and it's price because the supply of it will get deducted by half and if the demand remains the same the price is bound to increase, so maybe it won't affect the miners too as they would be able to sell their bitcoins for more money to cover their expenses.

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Quote from: zimmah on October 25, 2015, 05:44:03 PM

The halving is a necessary part of bitcoin, and without it, bitcoin wouldn't be where it was now in the first place.

so obviously good.

Halving is good. However, as long as a currency is issued at the constant number, such as 100 per year for ever , the inflation will go to 0% eventually.

gentlemand

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Quote from: Decoded on October 27, 2015, 08:11:45 PM

I think bitcoin will rise a few months before the halving, but drop a little as miners abandon bitcoin.

The unprofitable miners will fall away. I assume the truly professional operations have regular buys set up well away from any market so that would mean even less sell pressure than before.

Decoded

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I think bitcoin will rise a few months before the halving, but drop a little as miners abandon bitcoin.

But bitcoin after this will probably steadily rise up to 2, maybe 3k.

Prepare to hodl, guyz. Don't be disheartened of bitcoin drops.

actmyname

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Quote from: bitart on October 27, 2015, 06:05:03 PM

If miners will receive the half bitcoin like before, maybe they will start to validate transactions instead of mining for new bitcoins. In this case I think they will raise the transaction fees. In this situation they won't need to quit and stop mining at all.

You would really have to see about where the price goes. If the hype train follows - and lots of people start delving into Bitcoin around the halving date, then it may increase, but I don't think it will double.
It'll make ROI take much longer to achieve if they buy miners.

aronnov

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Quote from: Raimonn on October 27, 2015, 12:45:31 PM

Its something that has to do, miners could hate it because they will receive the half but if it makes that the price double, they will receive the same amount on dollars. Wait and see.

has become the law of economics that, with the smallest sacrifice in order to gain maximum profit, it also applies to a bitcoin miner, when its results are not comparable with the sacrifice in doing so miners must have stopped their activities.

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