Topic: This is my own opinion about Bitcoin block halving (Read 324 times)
I'm waiting for this moment too. Maybe one day national leaders will realize that Bitcoin can serve as a good store of value, unlike euros, dollars and yuan Bitcoin isn't controlled by a central authority. But I didn't get your point of view about halving.
This is like the basic concept of rules of supply and demand if there is a lot of bitcoin around there is a chance that the market price of the coins into the world may decrease and one of the good things why do we have the halving is because we want to make the blocks cut into the half as you can see today there are a lot of miners selling their bitcoins immediately because they have a lack of getting profit because of this halving and by that cause we want to make it balance.
When there is a shortage of the bitcoin right there there is a chance that the demand for it may increase it is like the food chance that needs to be balanced.
When there is a shortage of the bitcoin right there there is a chance that the demand for it may increase it is like the food chance that needs to be balanced.
There is a lot of disagreement about what the price of Bitcoin will be in the future, how long this high rate will remain.
The way I think this is going to happen: as the supply is got short and the demand is getting bigger, the price of bitcoin will be increasing, I don’t think people will be able to buy up all the bitcoins there just as the way some people sees it. Buying and selling goes on every day and you will always be able to buy, but at a higher price, and that means the amount you get for a $1,000 in the past wouldn’t be the same that you will be getting in the future because the price would have increased by then.Limited supply doesn't necessarily mean things are precise unless they have acceptance, demand.
Yes, limited supply but no real world usage then such things may attain zero value over the time. But, just think in reverse: limited supply and having at least one reason for more than 50% of world population to adopt. This is what exactly bitcoin is going to do and adoption rate will be boosted by higher prices and higher prices will be attained on every halving 
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We can speculate that demand will increase but the opposite is possible as well.
Everything is possible but when everyone just keep into bitcoin what they afford to lose on unexpected events, I guess that also more than enough for bitcoin to be testing billion dollar levels to be considered it as precious one. 
Limited supply doesn't necessarily mean things are precise unless they have acceptance, demand. Current demand of bitcoin is good till now since it has only passed 10 years. Nevertheless, that doesn't guarantee that such demand will be there forever. We can speculate that demand will increase but the opposite is possible as well.
Not just bitcoin, every asset that is scarce, like Gold will make it valuable overtime.
While scarcity is one of the factors influencing price, remember this doesn't make BTC worth a lot of money without any other determining factors as well. Halvings alone don't make it rise either.Like, if we had zero shops to accept BTC and no exchanges for it today, it would have been worth probably still almost nothing as of now even with all those halvings. Gold has its use cases, it's still being largely used today in so many industries. If Bitcoin keeps going the "authority-friendly" way, it might step in a large trap and fail to become what it was supposed to.
If Bitcoin could be mined forever with the halvings disappearing at some point and the rewards remaining the same after that forever, I don't think it would be a major problem. While there would be more and more BTC, the rate at which more of them become available would allow a certain stability. Okay, maybe Bitcoin would then be susceptible to inflation, but the rate could remain very precise because of this limitation on the BTC that can be mined.
I think Monero got this right - an eternal and low rate of inflation once the big stuff is out of the way. If I were designing something I wanted to be used as a currency I wouldn't have a hard cap on supply. It's great for those who want to make money, less so if you want it to be money.
It would be interesting to still be alive and observing when this becomes a pressing issue, or perhaps it'll be so set in stone by the time halvings end and the fee market proves to be workable that it won't ever be questioned. That's if there's still something named Bitcoin by then of course.
Bitcoin has been mapped in such a way that the supply of Bitcoin will be precise and limited.
According to various calculations, the last bitcoin will be created in 2140.
This is how it was designed by Satoshi.According to various calculations, the last bitcoin will be created in 2140.
This limited and precise supply has made Bitcoin so valuable.
Not just bitcoin, every asset that is scarce, like Gold will make it valuable overtime.There is a lot of disagreement about what the price of Bitcoin will be in the future, how long this high rate will remain.But in the midst of so much uncertainty, Bitcoin has undoubtedly opened a new horizon in the field of economics and technology, with its popularity growing day by day, and it is hoped that one day every country in the world will realize its importance.
It's not disagreement, it's prediction, wild educated guess so everyone has his/her own thoughts on what the price will be in the future. You also forget one thing, blockchain, it's the technology behind bitcoin and I think it will also influenced how data is to be stored. 
You did not really add anything new to the discussion about the Halving.
Great observation. For a second I thought I was reading a different post other than what he had in the OP as it didn't capture the title. OP should know that Bitcoin halving is totally different from the total supply of Bitcoin. The halving creates for difficulty in reward, thereby creating scarcity with the already limited scarce 21million BTC. Yes, I agree with the ingenuity of Satoshi in creating the blockchain tech which other facets of businesses are launching into. But I don't believe it's the limited supply of Bitcoin that makes it valuable. No. If we want to go that way, we should also note that there are coins below 2million supply but are not even up to $2 in price. It's the utility and use-case of Bitcoin that bestows its value on it. 
Umm, buddy, what exactly are you posting, did you read your title? You said no opinions about halving.
You have said nothing about the halving. I thought that you'll say something much more of the halving and what will be the possible implications that it can bring. Although you have mentioned them but those are the common thoughts that everyone does for halving.
Like any other, this is more about your speculation for bitcoin which I agree. About the technology and economics, those are related to bitcoin which is like an all-in-one pack.
Like any other, this is more about your speculation for bitcoin which I agree. About the technology and economics, those are related to bitcoin which is like an all-in-one pack.
Bitcoin has been mapped in such a way that the supply of Bitcoin will be precise and limited.
According to various calculations, the last bitcoin will be created in 2140.
This limited and precise supply has made Bitcoin so valuable. There is a lot of disagreement about what the price of Bitcoin will be in the future, how long this high rate will remain.But in the midst of so much uncertainty, Bitcoin has undoubtedly opened a new horizon in the field of economics and technology, with its popularity growing day by day, and it is hoped that one day every country in the world will realize its importance.
There's probably a lot of more to be added here, but i'm trying as much as i can to say something new from my own thoughts.
The rest is to learn from those who are old experienced and senior here.
Come to think of it, I am not sure that it's necessary for Bitcoin's popularity. The rate at which Bitcoin is getting mined is what matter in a particular period of time when we're talking about scarcity. If Bitcoin could be mined forever with the halvings disappearing at some point and the rewards remaining the same after that forever, I don't think it would be a major problem. While there would be more and more BTC, the rate at which more of them become available would allow a certain stability. Okay, maybe Bitcoin would then be susceptible to inflation, but the rate could remain very precise because of this limitation on the BTC that can be mined. Maybe I wrong, I can certainly see some problematic points here, but I suppose this could be okay in general (and still much better than fiat). According to various calculations, the last bitcoin will be created in 2140.
This limited and precise supply has made Bitcoin so valuable. There is a lot of disagreement about what the price of Bitcoin will be in the future, how long this high rate will remain.But in the midst of so much uncertainty, Bitcoin has undoubtedly opened a new horizon in the field of economics and technology, with its popularity growing day by day, and it is hoped that one day every country in the world will realize its importance.
There's probably a lot of more to be added here, but i'm trying as much as i can to say something new from my own thoughts.
The rest is to learn from those who are old experienced and senior here.
To newbies, I always suggest to use forum search button before you create a new thread. Ton of threads have created about the Halving which are more informative than your topics. To know more about the Halving please read this article Bitcoin Halving Explained.
Anyway, just for clarification, there is no connection with bitcoin price with the Halving. It's just a FOMO create by the community. Bitcoin Halving only effect on block reward and circulation supply, nothing else. Please read more before you create a new thread about something else.
Anyway, just for clarification, there is no connection with bitcoin price with the Halving. It's just a FOMO create by the community. Bitcoin Halving only effect on block reward and circulation supply, nothing else. Please read more before you create a new thread about something else.
Though the last date for miners to get reward through bitcoin generation is 2140, the amount would be so negligible that transaction fees reward would be much larger than that reward early on. About 90% of bitcoin are already in circulation from 11 years of bitcoin network being live. And the rest of 120 years would only generate the left 10%. That too would keep decreasing rapidly as the halving progresses.
Bitcoin has been mapped in such a way that the supply of Bitcoin will be precise and limited.
According to various calculations, the last bitcoin will be created in 2140.
This limited and precise supply has made Bitcoin so valuable. There is a lot of disagreement about what the price of Bitcoin will be in the future, how long this high rate will remain.But in the midst of so much uncertainty, Bitcoin has undoubtedly opened a new horizon in the field of economics and technology, with its popularity growing day by day, and it is hoped that one day every country in the world will realize its importance.
There's probably a lot of more to be added here, but i'm trying as much as i can to say something new from my own thoughts.
The rest is to learn from those who are old experienced and senior here.
According to various calculations, the last bitcoin will be created in 2140.
This limited and precise supply has made Bitcoin so valuable. There is a lot of disagreement about what the price of Bitcoin will be in the future, how long this high rate will remain.But in the midst of so much uncertainty, Bitcoin has undoubtedly opened a new horizon in the field of economics and technology, with its popularity growing day by day, and it is hoped that one day every country in the world will realize its importance.
There's probably a lot of more to be added here, but i'm trying as much as i can to say something new from my own thoughts.
The rest is to learn from those who are old experienced and senior here.
You did not really add anything new to the discussion about the Halving. You just gave information that are already known and colored it with your own views and opinion. What is it that you want to discuss here?
We know when the last bitcoins will be mined, we also know the supply is limited and that adds to the value. (scarcity) Also, the hash rate in the future will depend on the "rewards" that would be generated.. if there is a increase in the transaction volumes and the miners fees replace the Block reward, then miners will continue with mining and the hash rate would be sustained.
Bitcoin has been mapped in such a way that the supply of Bitcoin will be precise and limited.
According to various calculations, the last bitcoin will be created in 2140.
This limited and precise supply has made Bitcoin so valuable. There is a lot of disagreement about what the price of Bitcoin will be in the future, how long this high rate will remain.But in the midst of so much uncertainty, Bitcoin has undoubtedly opened a new horizon in the field of economics and technology, with its popularity growing day by day, and it is hoped that one day every country in the world will realize its importance.
There's probably a lot of more to be added here, but i'm trying as much as i can to say something new from my own thoughts.
The rest is to learn from those who are old experienced and senior here.
According to various calculations, the last bitcoin will be created in 2140.
This limited and precise supply has made Bitcoin so valuable. There is a lot of disagreement about what the price of Bitcoin will be in the future, how long this high rate will remain.But in the midst of so much uncertainty, Bitcoin has undoubtedly opened a new horizon in the field of economics and technology, with its popularity growing day by day, and it is hoped that one day every country in the world will realize its importance.
There's probably a lot of more to be added here, but i'm trying as much as i can to say something new from my own thoughts.
The rest is to learn from those who are old experienced and senior here.
Bitcoin users are also hoping that Bitcoin will go under a single government and get global approval. Once that happens, Bitcoin will cause a stir around the world. If this happens, its users will increase all over the world and its price will continue to increase tremendously. Now just wait for it to go under the government of a country and Bitcoin users will end the wait.
There have been more than 10 years since the date bitcoin was born. It is still very young when we compare it to other assets such as gold, FIAT or the bank. But most of all, it has made a lot of change to the world and the online payment. Many firms have already accepted bitcoin as a payment method although there are still many inconvenient things inside of it. In my opinion, in the next decades, we will see more usages of bitcoin not just on the Internet but also in the real world 
Halving is necessary to against the inflation, which fiat cant not prevent. Therefore, the price of bitcoin will be higher and higher overtime if there are more people use it. This is one of the best things of bitcoin that the current economy dont have
Halving is necessary to against the inflation, which fiat cant not prevent. Therefore, the price of bitcoin will be higher and higher overtime if there are more people use it. This is one of the best things of bitcoin that the current economy dont have
this is not the only future direction of Bitcoin.
If in the future Bitcoin gets approval in any country from the government, then it is certain that people will fight over each other and it could be that Bitcoin has fallen dramatically because it is no longer unstoppable. because the more people know or all of them switch to kebitcoin the more it will go down
We are waiting for this.
Report to moderator
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If in the future Bitcoin gets approval in any country from the government, then it is certain that people will fight over each other and it could be that Bitcoin has fallen dramatically because it is no longer unstoppable. because the more people know or all of them switch to kebitcoin the more it will go down
We are waiting for this.
Report to moderator
Pages: [2]
Actually you are talking about Bitcoin block halving and this is run untill 2140 when the last bitcoin will be mined.
But this is not the only direction of Bitcoin future.
If Bitcoin get approval in any country from the government then it will have a unstoppable future.
We are waiting for this.
But this is not the only direction of Bitcoin future.
If Bitcoin get approval in any country from the government then it will have a unstoppable future.
We are waiting for this.
Bitcoin has been mapped in such a way that the supply of Bitcoin will be precise and limited.
According to various calculations, the last bitcoin will be created in 2140.
This limited and precise supply has made Bitcoin so valuable. There is a lot of disagreement about what the price of Bitcoin will be in the future, how long this high rate will remain.But in the midst of so much uncertainty, Bitcoin has undoubtedly opened a new horizon in the field of economics and technology, with its popularity growing day by day, and it is hoped that one day every country in the world will realize its importance.
There's probably a lot of more to be added here, but i'm trying as much as i can to say something new from my own thoughts.
The rest is to learn from those who are old experienced and senior here.
According to various calculations, the last bitcoin will be created in 2140.
This limited and precise supply has made Bitcoin so valuable. There is a lot of disagreement about what the price of Bitcoin will be in the future, how long this high rate will remain.But in the midst of so much uncertainty, Bitcoin has undoubtedly opened a new horizon in the field of economics and technology, with its popularity growing day by day, and it is hoped that one day every country in the world will realize its importance.
There's probably a lot of more to be added here, but i'm trying as much as i can to say something new from my own thoughts.
The rest is to learn from those who are old experienced and senior here.
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