Quote from: tokeweed on October 02, 2015, 01:20:15 AM

Quote from: BitofaN1 on October 01, 2015, 10:28:38 PM

Quote from: tokeweed on October 01, 2015, 08:32:08 AM

Quote from: WheatBreadSaid on September 25, 2015, 05:27:51 PM

What things could happen with the btc price when the block halving occurs? will the price go down due to miners cashing out? or will the block chain slow down due to miners shutting off their mining equipment? will the price go up because of less daily bitcoin created? what will likely happen?

Miners would have to sell more as the rewards are less to maintain their operations.

Assuming they don't already sell most of their coins.But no one really seems to know what % of coins are held by miners in hope of future gains.If we knew that, then it would be easy to make a prediction for the 2016 halving.

If they already sell most of their coins and the halving would make it unprofitable and thereby forced to shut down. That isn't a good scenario as well.

But, if demand is greater than the supply of the most cost efficient miners, price will have to rise.That would be the only outcome I see.