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inca

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Quote from: kwukduck on May 09, 2015, 09:44:05 AM

In bitcoinland?
I'm not sure about that. If the price doesn't increase that means the difficulty/hashrate have to halve as well. Meaning the entire network becomes 50% weaker. Against any attacker.
Bitcoin needs value not just to be able to transact significant amounts of money, also to secure the network properly.

What a load of complete bollocks.

josephno1

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Get Free Mobile Data http://get.kickbit.com/1/oexq

What I speculate will happen is that a lot of people before the halfing are going to anticipate the price to go up so in the weeks leading up to the halfing the price of bitcoins will skyrocket. However after a few months, people will realize that not much has really changed except for the block reward and prices will normalize

pooya87

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i think it can cause a raise in price for two reasons, first because the supply amount of bitcoin being dumped by miners will decrease. and second just the thought of bitcoin price going up will make people buy more bitcoin which will result in the price going up.

kwukduck

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Quote from: Shiver on May 09, 2015, 07:54:28 AM

I suspect that the halving will be priced in progressively as the time approaches, since we've all seen a halving already, so probably less lag this time. Along with that I expect a price increase as we get nearer to the event, but nothing dramatic. Lastly I would expect to see a hash rate drop of similar proportions, and life will go on...

There are much more interesting events on the horizon than halving.

In bitcoinland?
I'm not sure about that. If the price doesn't increase that means the difficulty/hashrate have to halve as well. Meaning the entire network becomes 50% weaker. Against any attacker.
Bitcoin needs value not just to be able to transact significant amounts of money, also to secure the network properly.

BillyBobZorton

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Quote from: kwukduck on May 08, 2015, 08:41:27 AM

Quote from: Paashaas on May 08, 2015, 08:32:14 AM

Quote from: kwukduck on May 08, 2015, 08:15:05 AM

Nothing will happen. If anything it will crash more.
the 2016 halving is already calculated into the speculative price at this point. In 2016 people will get scared if the price doesn't go to the moon as they hoped. So they panic sell, more people panic sell. Fine, we all know how this story ends, we all watched Titanic.

Another troll on my never-ending ignore list, good job bro it wil have consequences for you.

You know what it's called when everyone around you has moved on and tries to explain why it didn't work, when more and more people in your environment apparently seem to have become trolls..?
Yes, it's cognitive dissonance.

Sure there are many trolls around, but also many smart people with a realistic view of why and how bitcoin has failed as an experiment. We can only learn from that and develop based on our mistakes. No need to get hostile.

What will you do once BTC goes back up? Do you have a backup plan, or you have an alternative hero account where you are positive with Bitcoin so you can abandon your current one?

Shiver

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I suspect that the halving will be priced in progressively as the time approaches, since we've all seen a halving already, so probably less lag this time. Along with that I expect a price increase as we get nearer to the event, but nothing dramatic. Lastly I would expect to see a hash rate drop of similar proportions, and life will go on...

There are much more interesting events on the horizon than halving.

not altcoin hitler

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Amazix

Nah, price doesn't increase (needs new money for that). Hashrate just goes down 20% or 30%

Like pointed out by someone else here n the thread there is also a real potential of a panic in case that price increase doesn't happen like everyone hoped.
I'll be happy if we can just hold the hashrate because clearly there isn't such big demand for the funny internet money which is so wasteful with the high inflation.

inca

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Quote from: kwukduck on May 08, 2015, 08:41:27 AM

Quote from: Paashaas on May 08, 2015, 08:32:14 AM

Quote from: kwukduck on May 08, 2015, 08:15:05 AM

Nothing will happen. If anything it will crash more.
the 2016 halving is already calculated into the speculative price at this point. In 2016 people will get scared if the price doesn't go to the moon as they hoped. So they panic sell, more people panic sell. Fine, we all know how this story ends, we all watched Titanic.

Another troll on my never-ending ignore list, good job bro it wil have consequences for you.

You know what it's called when everyone around you has moved on and tries to explain why it didn't work, when more and more people in your environment apparently seem to have become trolls..?
Yes, it's cognitive dissonance.

Sure there are many trolls around, but also many smart people with a realistic view of why and how bitcoin has failed as an experiment. We can only learn from that and develop based on our mistakes. No need to get hostile.

No one is getting hostile. You make many doomer predictions that never come true.

You just aren't very convincing as a real person I'm afraid, so the entire forum either ignores you or has you marked out as a bad troll. At least Proudhon was amusing.

kwukduck

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Activity: 1937

Merit: 1001

Quote from: Paashaas on May 08, 2015, 08:32:14 AM

Quote from: kwukduck on May 08, 2015, 08:15:05 AM

Nothing will happen. If anything it will crash more.
the 2016 halving is already calculated into the speculative price at this point. In 2016 people will get scared if the price doesn't go to the moon as they hoped. So they panic sell, more people panic sell. Fine, we all know how this story ends, we all watched Titanic.

Another troll on my never-ending ignore list, good job bro it wil have consequences for you.

You know what it's called when everyone around you has moved on and tries to explain why it didn't work, when more and more people in your environment apparently seem to have become trolls..?
Yes, it's cognitive dissonance.

Sure there are many trolls around, but also many smart people with a realistic view of why and how bitcoin has failed as an experiment. We can only learn from that and develop based on our mistakes. No need to get hostile.

Paashaas

legendary

Activity: 3512

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Quote from: kwukduck on May 08, 2015, 08:15:05 AM

Nothing will happen. If anything it will crash more.
the 2016 halving is already calculated into the speculative price at this point. In 2016 people will get scared if the price doesn't go to the moon as they hoped. So they panic sell, more people panic sell. Fine, we all know how this story ends, we all watched Titanic.

Another troll on my never-ending ignore list, good job bro it wil have consequences for you.

kwukduck

legendary

Activity: 1937

Merit: 1001

Nothing will happen. If anything it will crash more.
the 2016 halving is already calculated into the speculative price at this point. In 2016 people will get scared if the price doesn't go to the moon as they hoped. So they panic sell, more people panic sell. Fine, we all know how this story ends, we all watched Titanic.

Elwar

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Viva Ut Vivas

Quote from: regtrade on May 08, 2015, 03:40:00 AM

ok, just a thought here so please bear with me, and apologies for posting in this thread almost randomly...

The value of a bitcoin comes from its ability to perform as a utility, as an anonymous, instant, cheap way to send funds globally correct?
So as long as you can get enough units of bitcoin to perform this function, then there is no need for people to fight over the remaining units and push the price up via supply and demand.

The function that Btc performs could be performed just as well with 1000th, 1 millionth as many satoshis. There is no need for us all to have 1 000 000 000 satoshis each to be able to send what at the moment equates to ~$230 when 230 00 satoshis would do the job just as well. Why are we bidding against each-other to buy more? More would do the same job...

So why isnt the value of bitcoin settling much, much lower? Are genuine users forced to conduct transactions at an artificially inflated rate?

Why isnt much closer to 1 satoshi=1 cent*? That would enable transactions to be conducted just as they are now, we would all have enough bitcoin to not worry about bidding against eachother to buy some.

Supply and demand. There is a limited supply which is all taken up.

While a small country's economy could run on 1 bitcoin with its divisibility, that would mean anyone else holding 1 bitcoin can now buy the economy of that small country. And 25 of those are created every 10 minutes.

regtrade

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ok, just a thought here so please bear with me, and apologies for posting in this thread almost randomly...

The value of a bitcoin comes from its ability to perform as a utility, as an anonymous, instant, cheap way to send funds globally correct?
So as long as you can get enough units of bitcoin to perform this function, then there is no need for people to fight over the remaining units and push the price up via supply and demand.

The function that Btc performs could be performed just as well with 1000th, 1 millionth as many satoshis. There is no need for us all to have 1 000 000 000 satoshis each to be able to send what at the moment equates to ~$230 when 230 00 satoshis would do the job just as well. Why are we bidding against each-other to buy more? More would do the same job...

So why isnt the value of bitcoin settling much, much lower? Are genuine users forced to conduct transactions at an artificially inflated rate?

Why isnt much closer to 1 satoshi=1 cent*? That would enable transactions to be conducted just as they are now, we would all have enough bitcoin to not worry about bidding against eachother to buy some.

Feri22

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I believe in scenario where there will be one final mega pump where bitcoin goes mainstream and everyone in the world will want one BTC to have...if that happens halving will be just a small bonus effect to price increase, because we will go the fucking galaxy guys

srgkrgkj

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Quote from: Elwar on May 08, 2015, 03:05:14 AM

The last halving was November 2012.

Here is what happened over the course of the next few months after the halving. (the price going up to the halving did not go up much because there was a lot of uncertainty of how it would affect Bitcoin)

the prices of bitcoinare sure to go up according to simple econmics but no one can forecast when as the smaller supply of coins may not be noticed for a few weeks or months. Most agree that the halving will not have asignificant impact straight after the event on markets Sad

Elwar

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Viva Ut Vivas

The last halving was November 2012.

Here is what happened over the course of the next few months after the halving. (the price going up to the halving did not go up much because there was a lot of uncertainty of how it would affect Bitcoin)

Amph

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in 2012 with the block at 25 bitcoin, there was a doubling of the price, so expect something alike

however i still think that 4 years are too much between each halving, 2 would have been better

(Lithium)

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Quote from: lumleyunit on May 07, 2015, 06:20:01 PM

bitcoin halves in 2016 dose that mean double price or do u think bitgoin will bee jacked by thn

can someone translate him Huh

Or not, since this is the 100000th topic about the effects of halving on prices

Chef Ramsay

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This is just a friendly credibility build up by trollchop but is easily seen through. Earth to those that can't see it yet.

Dilla

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U wot m8???

Topic: wot if (Read 1563 times)