What will happen if there's no price rise for the halfing? - page 9.

Juhagic

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Quote from: gkv9 on February 22, 2016, 02:07:11 PM

Whether the price rises or not, when miners were already profiting at 25 BTC rewards when the price was $220, then I guess the price has already reached ~2x of it, so there won't be much effect even if the price remains as it is...

The halving effect from reducing the block reward from 25 to 12.5 will not have too big effect. The last halving has big effect.

gkv9

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Whether the price rises or not, when miners were already profiting at 25 BTC rewards when the price was $220, then I guess the price has already reached ~2x of it, so there won't be much effect even if the price remains as it is...

n0ne

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Quote from: 7Priest7 on February 21, 2016, 12:59:00 PM

well it will create a massive panic for all bitcoin users, probably they will sell all of their bitcoins fast as possible so price will fall down each day

But I think, there is nothing to get panic. These days the effects of halving can be experienced over the increasing price of the bitcoin.

stoat

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There will be no price rise on the halving.

All new money in crypto is flowing in to ethereum.

Chinese farms will hopefully go bust.

Amph

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Quote from: pumawolf on February 20, 2016, 11:44:06 PM

top tier miners or low price eletricity will cont to mine, the shittyer machines will drop off, diff will drop . bussiness as usual

no diff will not drop, because the cheap electricity miners, will add more miners to replace those shitty electricity miner

there is no returning on the previous diff, it's always going up by average each year

Juhagic

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Quote from: pumawolf on February 20, 2016, 11:44:06 PM

top tier miners or low price eletricity will cont to mine, the shittyer machines will drop off, diff will drop . bussiness as usual

The difficulty might not drop. The old miners will replaced by new miners which have higher efficiency.

7Priest7

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well it will create a massive panic for all bitcoin users, probably they will sell all of their bitcoins fast as possible so price will fall down each day

pumawolf

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top tier miners or low price eletricity will cont to mine, the shittyer machines will drop off, diff will drop . bussiness as usual

Pab

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Price will rise up to halving after will drop,there is always like that
But halving is not most importent for Bitcoin

kartaggen

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Quote from: Juhagic on February 20, 2016, 05:15:48 PM

Quote from: bearex on February 18, 2016, 06:20:44 AM

That would mean the ammount of people buying bitcoin is the same/smaller, and that it needs further promotion so more people come and the price increases.

The price of bitcoin is related to the popularity of the bitcoin. The more people use it , the higher the price.

Yeah and it also depends on the circulation of bitcoins, if bitcoins are more circulated the price would rise and if people just keep on holding it the price would relatively fall down.

Juhagic

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Quote from: bearex on February 18, 2016, 06:20:44 AM

That would mean the ammount of people buying bitcoin is the same/smaller, and that it needs further promotion so more people come and the price increases.

The price of bitcoin is related to the popularity of the bitcoin. The more people use it , the higher the price.

bearex

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That would mean the ammount of people buying bitcoin is the same/smaller, and that it needs further promotion so more people come and the price increases.

Juhagic

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Quote from: vendetahome on February 15, 2016, 11:58:23 AM

miners won't mine anymore i guess, also people will sell of of theird bitcoins so price will fall down

If there is no price rise after the halving, the miner will not mine, the difficulty will not rise. Only the most efficient miner can mine.

2legit2

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it will rise anyway, becouse of people panic, and also yeah, miners should quit their jobs becouse it wont bring them any profit

vendetahome

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miners won't mine anymore i guess, also people will sell of of theird bitcoins so price will fall down

g-unit

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What is the current break even price per coin for miners right now? Big miners and smaller miners? Someone said for big miners, like Chinese farms, it was $180 per coin. But that was a while ago I think.

dothebeats

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Small time miners would probably halt their operations since the amount of bitcoins they get in mining cannot compensate their operating costs. From what I see, some hashing power might be removed from the network and those who have large farms and such would stay.

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Normally the price should increase, well not immediately but after a few days or months, in case it didn't then there will be a serious problem especially for miners imo

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well the interest of ordinary people in bitcoin would surely go down a lot and people wouldnt be that active when it comes to bitcoin, i think that would be a very bad thing though thats just my opinion

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