The Halving - Good or Bad for Bitcoin? - page 9.

Yutikas_11920

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Quote from: Techie5879 on December 15, 2016, 08:33:17 AM

Well, its part of the protocol, so obviously Satoshi thought that its good, and that ought to be enough for many bitcoiners I think. Also, this halving helps to increase the value of bitcoin steadily, so that bitcoin wont collapse before its time. Halving is bad for miners however, as it ensures that they get lesser profits, but I'm not a miner, and mining profits wont affect me anyhow, so well, I cant think of bitcoin halving as a bad thing personally. Its good enough for me as it ensures a greater stability and increase of bitcoin value.

Are you true to deliver profits..?? . Because it gives an advantage to halving indeed, but it could provide potential anjloknya price bitcoin where there is a possibility that all of the people start to saturate because must wait for all that halving bitcoin sell it. Because it is basically right now it's the amount of the scarce and not bitcoin makes rare are those who do the halving. It is true through halving the price of bitcoin ride, but it is not good news if it has emerged that could rival the crypto all the users using the crypto switch bitcoin

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Well, its part of the protocol, so obviously Satoshi thought that its good, and that ought to be enough for many bitcoiners I think. Also, this halving helps to increase the value of bitcoin steadily, so that bitcoin wont collapse before its time. Halving is bad for miners however, as it ensures that they get lesser profits, but I'm not a miner, and mining profits wont affect me anyhow, so well, I cant think of bitcoin halving as a bad thing personally. Its good enough for me as it ensures a greater stability and increase of bitcoin value.

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Quote from: Yuuto on November 22, 2016, 01:44:03 AM

Quote from: outatime1 on November 21, 2016, 09:53:26 PM

The halving makes the supply drop, so the price should rise like we saw before and then after the last halving. I think overall this is probably good for bitcoin to see an increasein demand as long as there are people willing to buy bitcoin at the higher prices.

Supply actually doesn't drop in the case of a halving - however the production does drop. The supply continues to inflate, but in a less quickly manner. I guess this is one of the biggest misconceptions in bitcoin, that bitcoin is a deflationary currency and halving reduces the supply of bitcoins.

I think it depends. If bitcoin price is low it could potentially boost the attention and price for bitcoin since the miners are getting less and aren't selling till they get what they deserve to be paid.

I am sorry friends, but I disagree with your statement. I think bitcoin price is depend on demand and neceseries. Just imagine that if bitcoin is commodity like gold or silver. If amount of bitcoin is few, people who buy in highest price can own more bitcoin. Halving is the reason why bitcoin get deflation and the rise of price beside demand and neceseries. If the demand and neceseries is decrease, bitcoin price will decrease too.

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Quote from: outatime1 on November 21, 2016, 09:53:26 PM

The halving makes the supply drop, so the price should rise like we saw before and then after the last halving. I think overall this is probably good for bitcoin to see an increasein demand as long as there are people willing to buy bitcoin at the higher prices.

Supply actually doesn't drop in the case of a halving - however the production does drop. The supply continues to inflate, but in a less quickly manner. I guess this is one of the biggest misconceptions in bitcoin, that bitcoin is a deflationary currency and halving reduces the supply of bitcoins.

I think it depends. If bitcoin price is low it could potentially boost the attention and price for bitcoin since the miners are getting less and aren't selling till they get what they deserve to be paid.

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Quote from: outatime1 on November 21, 2016, 09:53:26 PM

The halving makes the supply drop, so the price should rise like we saw before and then after the last halving. I think overall this is probably good for bitcoin to see an increasein demand as long as there are people willing to buy bitcoin at the higher prices.

I guess it does not, it's just the same supply but more on the mining difficulty increases.

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The halving makes the supply drop, so the price should rise like we saw before and then after the last halving. I think overall this is probably good for bitcoin to see an increasein demand as long as there are people willing to buy bitcoin at the higher prices.

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Quote from: mastica on November 21, 2016, 04:50:17 PM

Big miners does have millions, if they wanna to remove the total coins into circulation, they can, but the market will always be the last sentence, if the community doesnt support the pump the price will fall, even when we know all are expecting a bigger value.
The halving makes a huge pression for the miners, that does mine for profit, without halving i do believe we would be trading bitcoin at 200-300 dollars since wouldnt have the pression the halving makes into bitcoin.

That's not really how it works...

Miners don't have the millions, most of the time it is the whales that the miners either sell to cheap with a guaranteed sale, or they would be competing against the rest of the market and miners to make the sale and walk away with a fistful of cash.

The halving encourages the value to go up, and as such, most of the time it does, but there is no guarantee. All we know is that the bottom line for miners is now somewhere around $400-$600, based on data from 2015.

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Quote from: mastica on November 21, 2016, 04:50:17 PM

Big miners does have millions, if they wanna to remove the total coins into circulation, they can, but the market will always be the last sentence, if the community doesnt support the pump the price will fall, even when we know all are expecting a bigger value.
The halving makes a huge pression for the miners, that does mine for profit, without halving i do believe we would be trading bitcoin at 200-300 dollars since wouldnt have the pression the halving makes into bitcoin.

Halving is not the only reason that the price of bitcoin is above three hundred dollars there are several factors and one thing i can accept is that the miners do play a big role in maintaining the price but that does not mean that halving is the reason for these kind of value,people are investing heavily into bitcoin and that is the main reason for the price to be above seven hundred dollars at the moment

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Big miners does have millions, if they wanna to remove the total coins into circulation, they can, but the market will always be the last sentence, if the community doesnt support the pump the price will fall, even when we know all are expecting a bigger value.
The halving makes a huge pression for the miners, that does mine for profit, without halving i do believe we would be trading bitcoin at 200-300 dollars since wouldnt have the pression the halving makes into bitcoin.

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Quote from: goldenchip on November 14, 2016, 08:28:04 PM

How can this be bad. In the end, there are fewer coins entering the market, so fewer dumps. The miners usually manage to adapt... If they fail to reduce mining costs, this will create an incentive for them to sell Bitcoin at a higher price.

This incentive is always there

Just because miners are mining for profits, aren't they? But this doesn't in the least mean that they can dictate the price to rise higher whenever they want. They could indeed withhold some bitcoins to artificially decrease the supply of new coins to the market hoping that this will cause the price to rise, but that's pretty much all that they can do. And they will still have to sell the retained bitcoins sooner or later if they want to remain profitable. There is no particular reason to keep them for long

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Quote from: goldenchip on November 14, 2016, 08:28:04 PM

How can this be bad. In the end, there are fewer coins entering the market, so fewer dumps. The miners usually manage to adapt... If they fail to reduce mining costs, this will create an incentive for them to sell Bitcoin at a higher price.

That is right. That means limited number of coins. That will put less inflation pressure on the coin and the price will be higher.

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How can this be bad. In the end, there are fewer coins entering the market, so fewer dumps. The miners usually manage to adapt... If they fail to reduce mining costs, this will create an incentive for them to sell Bitcoin at a higher price.

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Quote from: Leonardis on November 14, 2016, 08:11:58 PM

Lets hope it will be good for the bitcoin because it has a good future and I think that such an halving can be very profitable for us all.
Its just that we need more patience and that the halving is right now still far away.

It did good and besides the halving is done already so the next halving will be on the year of 2020. And if you will going to conclude on the effect of bitcoin halving this last June of the year. The price of bitcoin did really good so it is a good thing about bitcoin. This may be bad to the miners but overall users halving is good.

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Lets hope it will be good for the bitcoin because it has a good future and I think that such an halving can be very profitable for us all.
Its just that we need more patience and that the halving is right now still far away.

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Quote from: simpler2016 on November 08, 2016, 06:06:06 AM

It seems to me that this is a good process. This eliminates Bitcoin from devaluation and inflation. Yes, for the miners is bad. But do not forget that thanks to Bitcoin becomes more expensive

If the block size gets increased after all (we are basically already there with the SegWit update), one block will accommodate more transactions, and if Bitcoin usage increases, which means that more transactions are made per unit of time, then miners fees will increase as well. Ultimately, with no more rewards for finding a new block, the miners profitability will directly depend on the scale of Bitcoin adoption. Right now, they profit mainly from the Bitcoin price and its increase, since they get the same 12.5 bitcoins essentially "out of thin air" every time a new block is found. When the rewards are gone, the Bitcoin price itself will not matter as much as it matters now...

The number of transactions per block will then become the decisive factor for the profitability of mining, along with the price

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Quote from: goldcoinminer on May 06, 2016, 12:39:10 AM

Quote from: WEBcreator on May 05, 2016, 11:54:03 PM

Quote from: BitcoinPaw on May 05, 2016, 08:02:30 PM

For bitcoin users it's really good and i think if it's good for users it's might be good for bitcoin, price is going up, bitcoin increasing popularity, i think it's good.

The popularity of bitcoin is not from the price, the price doesnt really matter. People just keep saying this hoping that they could sell their btc in a high price however people should stop fooling themselves with this statement that the price will increase bitcoin's popularity and force mass adoption

Yes, absolutely, but the more people are very optimistic that the price will appreciate after the halving, they will be holding their bitcoin and make the supply get affected, you can see price increase as a result of people holding their bitcoins. The law of supply and demand play then.

Mr. Nakamoto has been created bitcoin halving for good purpose,
Bitcoin halving are scheduled happen once every four years, supply of btc would be limited and demand still higher,
This process makes bitcoin price keep rise and more stable.

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Quote from: Doamader on November 08, 2016, 09:41:13 AM

The halving is something that makes bitcoin get bigger value over time, the market does play this game, before and after, with that said, the halving is where the big investors does several money with the crypto world.

The halving is good for the bitcoin as that makes the bitcoin to be scarce to have a limited number of coins.

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The halving is something that makes bitcoin get bigger value over time, the market does play this game, before and after, with that said, the halving is where the big investors does several money with the crypto world.

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it is not good and not bad...
the halving effect is in the bitcoin price before and after halving.

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Quote from: jaysabi on November 07, 2016, 09:30:33 PM

Eventually Bitcoin will halve to the point where fees will have to increase dramatically to offset the lost income from new coin fees. I can't see that being a good thing for the currency or adoption. A major advantage now is transaction fees relative to alternative methods of value transfer. If the transaction fees become unwieldy, Bitcoin could collapse.

It seems to me that this is a good process. This eliminates Bitcoin from devaluation and inflation. Yes, for the miners is bad. But do not forget that thanks to Bitcoin becomes more expensive

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