The Halving - Good or Bad for Bitcoin? - page 7.

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Quote from: deisik on December 29, 2016, 01:07:30 PM

Quote from: mastica on December 29, 2016, 12:53:31 PM

Without the halving at bitcoin, and allowing all people to get the same reward of 50 bitcoin block, we would be with all coins mined and the possible value of bitcoin would be around 100-300 dollars, i doubt we would see bitcoin achieving bigger values, soo yes the halving does have a huge influence over bitcoin value.

We simply can't know that for certain

Just like we can't know if the price would be exactly the same since it can be either way or somewhere in between. We can only speculate on this matter, but I'm still inclined to think that the price most likely wouldn't be the same. Is there any viable reason to think that the price could be even higher than it is now? This is also possible, for example, thanks to, say, the Winklevoss twins or people like them buying up plenty of bitcoins when the price was in lower hundreds

Right that is why doge is valued so high.
That must be the case for sure.

Cheesy

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Quote from: mastica on December 29, 2016, 12:53:31 PM

Without the halving at bitcoin, and allowing all people to get the same reward of 50 bitcoin block, we would be with all coins mined and the possible value of bitcoin would be around 100-300 dollars, i doubt we would see bitcoin achieving bigger values, soo yes the halving does have a huge influence over bitcoin value.

We simply can't know that for certain

Just like we can't know if the price would be exactly the same since it can be either way or somewhere in between. We can only speculate on this matter, but I'm still inclined to think that the price most likely wouldn't be the same. Is there any viable reason to think that the price could be even higher than it is now? This is also possible, for example, thanks to, say, the Winklevoss twins or people like them buying up plenty of bitcoins when the price was in lower hundreds

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Without the halving at bitcoin, and allowing all people to get the same reward of 50 bitcoin block, we would be with all coins mined and the possible value of bitcoin would be around 100-300 dollars, i doubt we would see bitcoin achieving bigger values, soo yes the halving does have a huge influence over bitcoin value.

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Quote from: Wandering Soul~ on December 29, 2016, 05:45:53 AM

Of course its good, We all know that bitcoin has a limited supply so if there is no halving all coins will be mined fastly so its like slowing it moreover it will decrease the supply that can lead to price increase . It will be good to investors but for miners the deal doesn't sound very good cause there is no guarantee that it will increase after the halving so miners should also be investors or keepers at the same time .

let's suppose that there was no halving, with the initial 50 block reward at this point the supply would be emptied, but this by any mean would not equate to a crash in the price, i bet the price would be the same

miners aren't stupid they would just hold, i guess right now they are paying only what they need to cover their electricity

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Halving is good for Bitcoin because as soon as price go down there are many buyers who waits for low price than they sell their bought Bitcoins at higher price thus each having Bitcoin pushes up.

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Quote from: Wandering Soul~ on December 29, 2016, 05:45:53 AM

Of course its good, We all know that bitcoin has a limited supply so if there is no halving all coins will be mined fastly so its like slowing it moreover it will decrease the supply that can lead to price increase . It will be good to investors but for miners the deal doesn't sound very good cause there is no guarantee that it will increase after the halving so miners should also be investors or keepers at the same time .

I agree with you its good for the holders of Bitcoins but its not good for the miners because they need more powerfull hashing power asic miner so they invest again to mine Bitcoin the higher the difficulty the higher the hashing power you need.

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Quote from: deisik on December 29, 2016, 03:51:01 AM

Quote from: DoublerHunter on December 28, 2016, 11:08:35 PM

Quote from: agamasrori on December 28, 2016, 10:17:40 PM

Quote from: Labernie on December 28, 2016, 01:45:02 AM

Halving is always good for bitcoin. The bitcoin holder like this very much.
If there are many bitcoins to be born everyday, it will make big inflation so the price will be down.

Yes you are correct, halving make difference of bitcoin and fiat. Bitcoin price is rise up every halving, I think halving bring positive impact for bitcoin, so I don't have problem with it.

For most of the bitcoin investors or holders it is good.
But for the miner halving is their enemy because halving always halves the block reward and the mining difficulty increases so it will be harder for our miners to continue their service and it will take more time to mine bitcoin so it is one of the factor why bitcoin halving is not always good in overall

The relationship is not that straightforward

If we consider only the miners' reward in isolation, then halving is certainly not something that they might be quite fond of. But if we look at real data, it turns out that the price is very elastic to the supply side. It basically means that when the supply goes down two times (as is roughly the case with halving in the long run), the price may rise more than two times. The price changes that we saw during the last year perfectly confirm that. In this way, halving may also come as a positive event for miners over time since the drop in their direct revenues for mining Bitcoin due to halving is well compensated by the rise in Bitcoin price

The current price is probably result of halving as I recalled that alot of people buy bitcoin when we were approaching halving and now those person could be well enjoying the current price. Price rise is probably the most significant positive effect for bitcoin that everyone could feel unlike the other positive effect

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Generally speaking halving is good for all bitcoin community. Firstly for bitcoin users or holders in order to use it as commodity because it is not inflationary as fiat money. In addition people usually compare bitcoin with gold because of main gold characteristics, that is scarcity and difficulty in mining. From my point of view without halving we would not have the sky rocket price of bitcoin these days

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Quote from: Wandering Soul~ on December 29, 2016, 05:45:53 AM

Of course its good, We all know that bitcoin has a limited supply so if there is no halving all coins will be mined fastly so its like slowing it moreover it will decrease the supply that can lead to price increase . It will be good to investors but for miners the deal doesn't sound very good cause there is no guarantee that it will increase after the halving so miners should also be investors or keepers at the same time .

Yes, you are right - in general, is very good, but mine Bitcoin is becoming heavier and heavier. Now the equipment is very expensive and very few people can engage in mining

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Wolf

Of course its good, We all know that bitcoin has a limited supply so if there is no halving all coins will be mined fastly so its like slowing it moreover it will decrease the supply that can lead to price increase . It will be good to investors but for miners the deal doesn't sound very good cause there is no guarantee that it will increase after the halving so miners should also be investors or keepers at the same time .

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Quote from: Maslate on December 28, 2016, 01:34:50 AM

Quote from: michellee on December 28, 2016, 12:08:55 AM

maybe the good of halving is the price will be sky rocket in the next time but the bad of halving is the amount of bitcoin that miners can mining is reduce but all in all, its still profitable to make a good amount of bitcoin in mining but its need many factor like big hashrate, low fee electricity. and for the new year, we can see the new price too.

With the current price it will not affect them negatively, therefore for them to be profitable they need to see this kind of price always. It's definitely a win win situation for all of us here, as a mining business will also be profitable. This people for sure are also holding their mine bitcoins and they will be more profitable the longer they hold.

every halving occur the reward of those miners cutoff about 50% therefore if the price of bitcoin in every halving didn't increased about 2x to make them having the same profit as before and it's not so profitable because the fact prove that it's need pretty long time for bitcoin to reach this current rate

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Quote from: DoublerHunter on December 28, 2016, 11:08:35 PM

Quote from: agamasrori on December 28, 2016, 10:17:40 PM

Quote from: Labernie on December 28, 2016, 01:45:02 AM

Halving is always good for bitcoin. The bitcoin holder like this very much.
If there are many bitcoins to be born everyday, it will make big inflation so the price will be down.

Yes you are correct, halving make difference of bitcoin and fiat. Bitcoin price is rise up every halving, I think halving bring positive impact for bitcoin, so I don't have problem with it.

For most of the bitcoin investors or holders it is good.
But for the miner halving is their enemy because halving always halves the block reward and the mining difficulty increases so it will be harder for our miners to continue their service and it will take more time to mine bitcoin so it is one of the factor why bitcoin halving is not always good in overall

The relationship is not that straightforward

If we consider only the miners' reward in isolation, then halving is certainly not something that they might be quite fond of. But if we look at real data, it turns out that the price is very elastic to the supply side. It basically means that when the supply goes down two times (as is roughly the case with halving in the long run), the price may rise more than two times. The price changes that we saw during the last year perfectly confirm that. In this way, halving may also come as a positive event for miners over time since the drop in their direct revenues for mining Bitcoin due to halving is pretty well compensated by the rise in Bitcoin price

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Quote from: agamasrori on December 28, 2016, 10:17:40 PM

Quote from: Labernie on December 28, 2016, 01:45:02 AM

Halving is always good for bitcoin. The bitcoin holder like this very much.
If there are many bitcoins to be born everyday, it will make big inflation so the price will be down.

Yes you are correct, halving make difference of bitcoin and fiat. Bitcoin price is rise up every halving, I think halving bring positive impact for bitcoin, so I don't have problem with it.

For most of the bitcoin investors or holders it is good.
But for the miner halving is their enemy because halving always halves the block reward and the mining difficulty increases so it will be harder for our miners to continue their service and it will take more time to mine bitcoin so it is one of the factor why bitcoin halving is not always good in overall.

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Quote from: Labernie on December 28, 2016, 01:45:02 AM

Halving is always good for bitcoin. The bitcoin holder like this very much.
If there are many bitcoins to be born everyday, it will make big inflation so the price will be down.

Yes you are correct, halving make difference of bitcoin and fiat. Bitcoin price is rise up every halving, I think halving bring positive impact for bitcoin, so I don't have problem with it.

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Halving is always good for bitcoin. The bitcoin holder like this very much.
If there are many bitcoins to be born everyday, it will make big inflation so the price will be down.

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Quote from: michellee on December 28, 2016, 12:08:55 AM

maybe the good of halving is the price will be sky rocket in the next time but the bad of halving is the amount of bitcoin that miners can mining is reduce but all in all, its still profitable to make a good amount of bitcoin in mining but its need many factor like big hashrate, low fee electricity. and for the new year, we can see the new price too.

With the current price it will not affect them negatively, therefore for them to be profitable they need to see this kind of price always. It's definitely a win win situation for all of us here, as a mining business will also be profitable. This people for sure are also holding their mine bitcoins and they will be more profitable the longer they hold.

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I think The Man Satoshi is very great. He is maybe an economic man or he has some experiences in ecomony .
Therefore He know how to decrease bitcoin infation in oder to keep and rise up the bitcoin value in the future.
SO the Halving is still good for me .

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maybe the good of halving is the price will be sky rocket in the next time but the bad of halving is the amount of bitcoin that miners can mining is reduce but all in all, its still profitable to make a good amount of bitcoin in mining but its need many factor like big hashrate, low fee electricity. and for the new year, we can see the new price too.

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Quote from: Finestream on December 27, 2016, 11:47:54 PM

Quote from: bL4nkcode on December 27, 2016, 11:38:18 PM

Quote from: delliaerd on December 27, 2016, 10:48:24 PM

The halving is really good for bitcoin, its make the bitcoin price rise. Although the supply is decrease but people still can use bitcoin without any problem becouse bitcoin can be divided into 8 decimal. So bitcoin will always fulfil the demand but its make the value up. Bitcoin and paper money is different becouse of halving, endless print of paper money make its value decrease. So halving is okay for me.

That's why bitcoin price arise because of bitcoin halving and also its supply decreases of course but it has good reason tho, and I really hope that this price will continue to increase or become more stable in this current price 944 via preev.com

Probably it will increase and has the possibility to reach at least $1,000 by the end of this year, people are already speculating this to happen and we have seen it happening now. Halving happened this year, so this price should be the gift for us, we have a very good year and we hope this will continue in the years to come.

Lot of users speculating it that by the end of the year the price of bitcoin reaches $1k and we know that it is possible to happen and right now we see that the price is really high so i think it is possible by the end of the year and we doo expect next few years the price is high.

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Quote from: bL4nkcode on December 27, 2016, 11:38:18 PM

Quote from: delliaerd on December 27, 2016, 10:48:24 PM

The halving is really good for bitcoin, its make the bitcoin price rise. Although the supply is decrease but people still can use bitcoin without any problem becouse bitcoin can be divided into 8 decimal. So bitcoin will always fulfil the demand but its make the value up. Bitcoin and paper money is different becouse of halving, endless print of paper money make its value decrease. So halving is okay for me.

That's why bitcoin price arise because of bitcoin halving and also its supply decreases of course but it has good reason tho, and I really hope that this price will continue to increase or become more stable in this current price 944 via preev.com

Probably it will increase and has the possibility to reach at least $1,000 by the end of this year, people are already speculating this to happen and we have seen it happening now. Halving happened this year, so this price should be the gift for us, we have a very good year and we hope this will continue in the years to come.

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