What will happen if there's no price rise for the halfing? - page 2.

Juhagic

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Quote from: newcoins1978 on July 05, 2016, 04:08:10 AM

Quote from: helloeverybody on December 26, 2015, 05:19:31 AM

If the price doesnt rise then the miners stop mining because of lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening? Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

I do not know what is going to happen after that because that is something that only the future will tell us. At the moment I am waiting for the halving to come by and what the price is going to be after that.

The price shall not rise in the next month also due to the halving. The price will rise due to other factors.

newcoins1978

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Quote from: helloeverybody on December 26, 2015, 05:19:31 AM

If the price doesnt rise then the miners stop mining because of lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening? Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

I do not know what is going to happen after that because that is something that only the future will tell us. At the moment I am waiting for the halving to come by and what the price is going to be after that.

Cereberus

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Quote from: technol0gies on July 04, 2016, 03:06:45 PM

then a lot of people like me would be really sad

Not for the ones that have not bought into it in the first place.
Alot of people are holding on to the coins that they currently have. But most are selling at a premium to try and cash in on it's speculative factor of this very same perfect storm.

technol0gies

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then a lot of people like me would be really sad

Juhagic

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Quote from: ASHLIUSZ on July 03, 2016, 06:40:51 AM

The most important thing is that even if the hashrate declines, it will not compromise the security of the Bitcoin network. As to the Bitcoin price, it surged close to 20 percent. This is an indication that the halving event is regarded as a good thing for the Bitcoin industry and it is positively impacting the market even before it takes place.

The hash rate will only drop about 10 to 20%. Then the hash rate will increase again due to more efficient miners.

ASHLIUSZ

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Quote from: bit1 on July 02, 2016, 04:08:55 PM

Quote from: fravia on June 22, 2016, 02:12:56 PM

Quote from: helloeverybody on December 26, 2015, 05:19:31 AM

If the price doesnt rise then the miners stop mining because of lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening? Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

I think that answer is pretty simple, bitcoin would die, as all bitcoins miners wouldn't get any profit so they would leave their jobs

And with no miners bitcoin would die pretty soon, unless there will be new miners that have very cheap electricity and they still will get profit

Total network hashing rate has kept a trend up until now reaching about 1.53M Thash/s but daily growth rate has kept down, even if the price keep the same and the reward decreases the energy efficiency will be increased to compensate for any waste of hashrate. In simple terms: less and more powerful miners.

The most important thing is that even if the hashrate declines, it will not compromise the security of the Bitcoin network. As to the Bitcoin price, it surged close to 20 percent. This is an indication that the halving event is regarded as a good thing for the Bitcoin industry and it is positively impacting the market even before it takes place.

bit1

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Quote from: fravia on June 22, 2016, 02:12:56 PM

Quote from: helloeverybody on December 26, 2015, 05:19:31 AM

If the price doesnt rise then the miners stop mining because of lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening? Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

I think that answer is pretty simple, bitcoin would die, as all bitcoins miners wouldn't get any profit so they would leave their jobs

And with no miners bitcoin would die pretty soon, unless there will be new miners that have very cheap electricity and they still will get profit

Total network hashing rate has kept a trend up until now reaching about 1.53M Thash/s but daily growth rate has kept down, even if the price keep the same and the reward decreases the energy efficiency will be increased to compensate for any waste of hashrate. In simple terms: less and more powerful miners.

ebookscreator

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Quote from: JumperX on July 02, 2016, 03:56:00 PM

Quote from: BitcoinHodler on June 30, 2016, 09:19:47 AM

nothing will happen even if there is no price rise after the halving.
some weak hands will be shaken out because they start to panic and price will fall a little and then because of this fall a lot of the whales will start buying bitcoin and then price will rise even more that it could rise if there were not fall.

Yeah if price doesn't rise after halving then majority of users will get frustrated and will sell their coins, and long term holders will hold it for future as they are aware that they can earn higher profits in future.

Their will be still holding their coins because we will not see the price rise fast after block halving and i think it takes more weeks or months before you can see the price increase movements.

JumperX

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Quote from: BitcoinHodler on June 30, 2016, 09:19:47 AM

nothing will happen even if there is no price rise after the halving.
some weak hands will be shaken out because they start to panic and price will fall a little and then because of this fall a lot of the whales will start buying bitcoin and then price will rise even more that it could rise if there were not fall.

Yeah if price doesn't rise after halving then majority of users will get frustrated and will sell their coins, and long term holders will hold it for future as they are aware that they can earn higher profits in future.

Juhagic

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Quote from: BitcoinHodler on June 30, 2016, 09:19:47 AM

nothing will happen even if there is no price rise after the halving.
some weak hands will be shaken out because they start to panic and price will fall a little and then because of this fall a lot of the whales will start buying bitcoin and then price will rise even more that it could rise if there were not fall.

Form the price action in the last few months, and we all know there will be a halving in July. It is already priced in.

BitcoinHodler

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HODLing is an art, not just a word...

nothing will happen even if there is no price rise after the halving.
some weak hands will be shaken out because they start to panic and price will fall a little and then because of this fall a lot of the whales will start buying bitcoin and then price will rise even more that it could rise if there were not fall.

trickshot22

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Quote from: Juhagic on June 28, 2016, 12:01:49 PM

Quote from: martinacar on June 22, 2016, 09:40:27 AM

At the moment the price is rising but if they was no price rising before the halving the price would still be somewhere around $500.
And then after the halving to price would go even lower, maybe somewhere around $300.

That is right. The price has already risen from $400 to $650 now. That is more than 50% rise in the last 6 months.

thats a really great thing in my opinion and i think that in the future the price is going to go up even further more up thus making us really big time really fast, lets hope im correct

well if there will be no price rise then there will be a lot of people pissed off that they invested their money expecting the price to grow and they have to sell their bitcoins for the same price or even lower

Juhagic

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Quote from: bitcoin-hunter on June 29, 2016, 02:22:39 AM

There will happen nothing because the price of the bitcoin has nothing to do with the halving the halving is only for the people
who are mining becasue they need to search for the blocks and they are halving so they cant barrely mine further.

If the supply of the new bitcoin is reduced, and if the demand is the same, all the bitcoin price will rise in the meantime.

bitcoin-hunter

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There will happen nothing because the price of the bitcoin has nothing to do with the halving the halving is only for the people
who are mining becasue they need to search for the blocks and they are halving so they cant barrely mine further.

cambda

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Quote from: fravia on June 22, 2016, 02:12:56 PM

Quote from: helloeverybody on December 26, 2015, 05:19:31 AM

If the price doesnt rise then the miners stop mining because of lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening? Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

I think that answer is pretty simple, bitcoin would die, as all bitcoins miners wouldn't get any profit so they would leave their jobs

And with no miners bitcoin would die pretty soon, unless there will be new miners that have very cheap electricity and they still will get profit

Bitcoin will not die completely but price will definitely go low, and that will disappoint majority of users and they will prefer to sell their coins at what so ever price it is at that time.

ASHLIUSZ

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Quote from: Juhagic on June 28, 2016, 12:01:49 PM

Quote from: martinacar on June 22, 2016, 09:40:27 AM

At the moment the price is rising but if they was no price rising before the halving the price would still be somewhere around $500.
And then after the halving to price would go even lower, maybe somewhere around $300.

That is right. The price has already risen from $400 to $650 now. That is more than 50% rise in the last 6 months.

It is unreasonable to expect a sharp price increase around the Halving as the event is anticipated.
the price of Bitcoin will surge or maintain its stability after the halving of miner's reward.

Juhagic

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Quote from: martinacar on June 22, 2016, 09:40:27 AM

At the moment the price is rising but if they was no price rising before the halving the price would still be somewhere around $500.
And then after the halving to price would go even lower, maybe somewhere around $300.

That is right. The price has already risen from $400 to $650 now. That is more than 50% rise in the last 6 months.

fravia

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Quote from: helloeverybody on December 26, 2015, 05:19:31 AM

If the price doesnt rise then the miners stop mining because of lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening? Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

I think that answer is pretty simple, bitcoin would die, as all bitcoins miners wouldn't get any profit so they would leave their jobs

And with no miners bitcoin would die pretty soon, unless there will be new miners that have very cheap electricity and they still will get profit

martinacar

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At the moment the price is rising but if they was no price rising before the halving the price would still be somewhere around $500.
And then after the halving to price would go even lower, maybe somewhere around $300.

DavidoAlto

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What will happen if there is no price rise for the halving i can tell you what will happen. The price of the bitcoin wont change anything cause the halving because it does not even affect the price only the bitcoin miners will feel something.

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