What will happen if there's no price rise for the halfing? - page 6.

bakingbad

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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.

yes you are correct, if price won't rise at all or there will be small rise only, then miners probably will leave mining as their job won't be profitable anymore

but i am pretty sure that price will rise, or even if it won't rise because of sellers, and miners will leave job, then new miners will come and they should replace old ones

UngratefulTony

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The network keeps working just fine, industrial miners won't be hitting the switch, there will be no overloaded network death spiral.

That's the hilarious thing about Blockstream's high fee uncensorable settlement system... Without potential growth... investors shrug you off... and you have no capacity problem. Brilliant really, if the plan was to grift along on some VC mark's capital for a few years with your buddies.

jod_doj

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Quote from: Qatuca on April 04, 2016, 01:37:38 PM

Quote from: jjacob on April 04, 2016, 09:15:20 AM

Quote from: btc-facebook on April 03, 2016, 10:23:36 AM

I'm holding bitcoin as investation just like I did on gold. If there are no raising price, Mostly I'm kindda dissappointing and I'm bet that most people will feel the same.
But since I know the risk of holding bitcoin , I can bear of it and will keep holding it until the time has come !

If most people feel disappointed, they will dump their coins. The price will further decline.
We could get into a downward spiral.

Immediately after the halving, the price might not rise a lot. The halving could have already priced in.

i odubt that, the price is still pretty low in my opinion and has a lot of potential to grow right now as people are building price walls that will help the price grow during the halving

i think that there will be a huge price jump during or just before the halving because people will be buying it like crazy in order to earn some good money for free

alyssa85

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If there is no price rise, the miners will push for the blocksize to be increased. Basically they can only make money if there are a lot of transactions in a block, which adds up to a lot of fees for them. People bypassing BTC and using other currencies to move money will hurt the BTC miners badly...

asrilani

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Quote from: Qatuca on April 04, 2016, 01:37:38 PM

Quote from: jjacob on April 04, 2016, 09:15:20 AM

Quote from: btc-facebook on April 03, 2016, 10:23:36 AM

I'm holding bitcoin as investation just like I did on gold. If there are no raising price, Mostly I'm kindda dissappointing and I'm bet that most people will feel the same.
But since I know the risk of holding bitcoin , I can bear of it and will keep holding it until the time has come !

If most people feel disappointed, they will dump their coins. The price will further decline.
We could get into a downward spiral.

Immediately after the halving, the price might not rise a lot. The halving could have already priced in.

That happened in 2012 halving. But within 1 year of halving, the price of bitcoin reached an all time high.

Qatuca

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Quote from: jjacob on April 04, 2016, 09:15:20 AM

Quote from: btc-facebook on April 03, 2016, 10:23:36 AM

I'm holding bitcoin as investation just like I did on gold. If there are no raising price, Mostly I'm kindda dissappointing and I'm bet that most people will feel the same.
But since I know the risk of holding bitcoin , I can bear of it and will keep holding it until the time has come !

If most people feel disappointed, they will dump their coins. The price will further decline.
We could get into a downward spiral.

Immediately after the halving, the price might not rise a lot. The halving could have already priced in.

jjacob

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Quote from: btc-facebook on April 03, 2016, 10:23:36 AM

I'm holding bitcoin as investation just like I did on gold. If there are no raising price, Mostly I'm kindda dissappointing and I'm bet that most people will feel the same.
But since I know the risk of holding bitcoin , I can bear of it and will keep holding it until the time has come !

If most people feel disappointed, they will dump their coins. The price will further decline.
We could get into a downward spiral.

Mr. Big

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Quote from: n0ne on April 03, 2016, 10:38:20 AM

If no price rise is observed on halving, most of the users get disappointed as they haven't experienced price rise for a long time. If some rise is experienced by the falling weeks users might be more excited.

That's true, if there is not price increase after the halving, then probably everyone will be disappointed and one thing is for sure everyone is holding their coins, and most probably that would make the price rise.. But I doubt it if there is no price increase after the halving..

n0ne

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Quote from: alisafidel58 on April 02, 2016, 11:19:04 PM

If there is no price rise that will happen after the halving the user will be disappointed because they have been expecting so much about the price of bitcoin.

If no price rise is observed on halving, most of the users get disappointed as they haven't experienced price rise for a long time. If some rise is experienced by the falling weeks users might be more excited.

btc-facebook

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I'm holding bitcoin as investation just like I did on gold. If there are no raising price, Mostly I'm kindda dissappointing and I'm bet that most people will feel the same.
But since I know the risk of holding bitcoin , I can bear of it and will keep holding it until the time has come !

Kollor

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Quote from: alisafidel58 on April 02, 2016, 11:19:04 PM

If there is no price rise that will happen after the halving the user will be disappointed because they have been expecting so much about the price of bitcoin.

But they have no choice, except to accept it.. But the fact that the supply would be smaller after the halving, the price would surely increase as it cannot meet the demands...But the only thing that might make the price to go down again are those that will dump their coins...But I don't think that it will go down far...Absolutely there will be an increase...

alisafidel58

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If there is no price rise that will happen after the halving the user will be disappointed because they have been expecting so much about the price of bitcoin.

nostal02

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Quote from: techgeek on April 02, 2016, 06:33:01 PM

Quote from: Bit_Happy on April 02, 2016, 09:18:54 AM

Quote from: LiteCoinGuy on December 26, 2015, 06:25:17 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.

dont worry about that. mining will always be profitable for some people on earth. some miners can even mine when the price is at 50-100USD because they dont pay for electricity at all.

Exactly, many people were thrilled to be mining when Bitcoins were $2 to $5. Bicoin isn't "dying off" especially if you consider where we used to be.

can you imagine their faces now at current value.

I`d be similar to experience with the $1k feeling, and then imagine if we actually do hit $1k in 2016. That would be a mind blown situation all over again before the 1st $100 price was a huge thing back then.

I doubt that we will hit 1k again,that price back was really huge news to bitcoin user but then a scam has happened and the price drops rapidly.

techgeek

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Quote from: Bit_Happy on April 02, 2016, 09:18:54 AM

Quote from: LiteCoinGuy on December 26, 2015, 06:25:17 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.

dont worry about that. mining will always be profitable for some people on earth. some miners can even mine when the price is at 50-100USD because they dont pay for electricity at all.

Exactly, many people were thrilled to be mining when Bitcoins were $2 to $5. Bicoin isn't "dying off" especially if you consider where we used to be.

can you imagine their faces now at current value.

I`d be similar to experience with the $1k feeling, and then imagine if we actually do hit $1k in 2016. That would be a mind blown situation all over again before the 1st $100 price was a huge thing back then.

Bit_Happy

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Quote from: LiteCoinGuy on December 26, 2015, 06:25:17 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.

dont worry about that. mining will always be profitable for some people on earth. some miners can even mine when the price is at 50-100USD because they dont pay for electricity at all.

Exactly, many people were thrilled to be mining when Bitcoins were $2 to $5. Bicoin isn't "dying off" especially if you consider where we used to be.

Red-Apple

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i don't think anything will happen even if the price rise that everybody is speculation doesn't happen at all.

with no price rise there will only be stable price around $420 and after a month or two it will reach $520 and more eventually as steady growth.

terman45x

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If we don't see price rise at the time of halving then majority of us will be very much disappointed as we have been waiting too long to see higher price of bitcoin.

nielaminda

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Quote from: greghansel89 on April 02, 2016, 08:01:34 AM

Quote from: 7Priest7 on April 02, 2016, 06:51:23 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.

Well if price won't rise at all then yes, miners will leave their jobs because they won't get any profit, so bitcoin would die unless new miners would start mining, but i don't think that price won't rise at all

If the miners leave then the difficulty for mining the coin will drop significantly and the remaining miners will profit more from this.

I think this is part of the program in bitcoin when there is less miners it will reduce the required difficulty to mine bitcoin,if this is true then miners who have faith will benefit more.

greghansel89

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Quote from: 7Priest7 on April 02, 2016, 06:51:23 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.

Well if price won't rise at all then yes, miners will leave their jobs because they won't get any profit, so bitcoin would die unless new miners would start mining, but i don't think that price won't rise at all

If the miners leave then the difficulty for mining the coin will drop significantly and the remaining miners will profit more from this.

7Priest7

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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.

Well if price won't rise at all then yes, miners will leave their jobs because they won't get any profit, so bitcoin would die unless new miners would start mining, but i don't think that price won't rise at all

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