Topic: why people excited for halving block reward? (Read 1130 times)

price change will be main reason
why?
all expect for price to jump on new prime that is on some articles I read around 2K
well think it might happen or at least we can be around 1500$

You are making confusion with terms and times. Halving is the produce of bitcoin in blocks with 12.5 bitcoin each and not at 25 bitcoins each as it is now and will be since the moment when will begin the halving. This moment will happen after the production of other 28 477 other blocks (in this moment that I am making this post). Knowing that every block is produced approximately every 10 minutes can be calculated a theoretical time in which will happen the above phenomenon named "halving". So in the market will be not more 25 bitcoins after 10 minutes bout only 12.5 bitcoin. The halving begin in the moment in which will be produced the first block with 12.5 bitcoin and will finish after four years after another halving (from 12.5 at 6.25).

Halving, theoretically must bring increase of the price of bitcoin because the bitcoin market will have less supply (less bitcoin) compared to before in the same amount of time (within ten minutes). Assuming that the demand (who want to buy bitcoin) would be the same (since now don't exist any kind of data that can show some known reason that can change it) must be increase of price. When something is asked by the market (people need and want to buy or have something) and the market have not enough amount from that what is asked (in our case will be only half of the previous amount of bitcoin) exist an simple economic rule that tell that the price of the "something" which is asked will increased for sure.

Anyhow this is never a sure thing. Because, in our above case, there can be created to many other factors which can affect (even hardly) the market and the demand (because the supply if fixed by the technology and cannot be changed in the case of bitcoin) and this can change everything. But normally the above process (named shortly as "halving") must bring increase of the price of bitcoin.

think that sounds more like it

the relation is not that straight forward. much depends on the demand. If there is no demand, no matter whether you mine 1 or 2 coins in a block, as no one is interested in buying it.

The currenct price is quite not profitable for small scale miners but some large mining company things the level of 450 to 500 is profitable.
So i don't like to predict high price like other predict it to cross over 1k or even new ATH.
We may see price to around 600-700$ before and at the time of halving. Don't expect too high price.

If the block reward is 50% less and bitcoin price will be doubled +100%
Then there is the same earnings for the miners (in fiat), that's why increasing the bitcoin price will be good for everyone.

Halving is overhyped by many, who expect the price to increase due to the cut in half the supply of newly mined coins.
The block reward is still high enough to make the halving still significant. Each following halving event should have less impact though.

People are excited because there will be a significant rise in price and it is quite possible to see price at around 600-700 $ after the process of halving will be done.

Halving of blocks surely will have its impact on the price.I see it other way,this will bring stability in price even there will be no rise of what people are waiting for long time.I think same current price will be minimum after that.

People are excited for halving of block because then mining cost will be increased and we all know mining is necessary for blockchain to secure nad maintain it.Increase in cost meaning a rise in price of the Bitcoin.Then price should be above 400 $ anyway so this shows another increase when this will be bottom.

They need to get excited about something bitcoins price is lackluster coming into the new year. Not moving much either way. It is quite boring to say the least. Some movement would be welcome at this point.  

They all are pretty much excited over the prices of bitcoin rising during the halving period.As there is not much supply ,the demand increases ,so only way to fulfill this demand is by selling the existing bitcoins which people will sell only if they get a expected price,usually higher than the normal rates.

Less new coins minted means it is likely to see the price go up as form of compensation for the lower block rewards. The price increase will start before the halving has taken place.

Because they get less compensation for all their hard work? Humans are more perverse than we like to think.

Price will go up for start and people will try to buy it for sure and wait for some big jump

If the price of bitcoin is expected to increase after the block reward halving, people will start buying it before hand.
This will cause the price to move up much before the halving.
How long before - nobody can say.

let's be more precise here, the supply mined, otherwise called "coins produced per day" will decrease, because the total supply will always increase until the fee era

they think that the pressure will be less, which mean less dumping, but what if miner are only dumping 1800 coins now or less? nothing would really change in this case

Now i understand a little bit thats why mining is not profitable for now
and then the price is increasing because of less supply of bitcoins And also if more buyers order the price should be increase
.
Now i understand if halving is over it will reduce supply and Mining ROI that will increase bitcoin price..
So if its happens the mining will be profitable? Am i right?

theres nothing to say that price will increase but obviously there are a lot of hopeful people. For all we know the price has already been factored in already. Price after halfing is to be determined by how much miners are happy to sell for and how much people are actually willing to pay for said bitcoin.

because they thinks price of bitcoin will increase when it happens, it will reduce supply of bitcoin and impact ROI for mining that will increase its price.

The number of bitcoins will not stopped by that time, it still be reward but the trend will be 50% less.
Price should normally increased because less coins available and if there will be more buy orders price will be increased for sure.

Im just wondering that some people telling that halving is over but according to this website http://www.bitcoinblockhalf.com/
199 days before halving is over.

I dont really understand that some people saying if bitcoin halving is over the price will increase but according to the website above "the coin reward will decrease from 25 to 12.5 coins."

Which is true?
-the price should increase after halving is over or it will increase?