Quote from: traderbit on May 08, 2016, 01:25:39 PM

Quote from: BitconAssociation on May 08, 2016, 01:21:01 PM

Quote from: traderbit on May 08, 2016, 01:16:59 PM

Quote from: BitconAssociation on May 08, 2016, 12:55:11 PM

Quote from: traderbit on May 08, 2016, 12:51:24 PM

China can have most of the bitcoins and most of the transaction but i don't think they will destroy bitcoin, what will they do after destroying bitcoin?

Count the IRL actual money you gave them, fart through silk, and laugh?
You do understand that when teh halvening commeth, mining will become unprofitable for most miners until roughly half of them go out of business, correct

There are some other factors that will affect the number of bitcoin minner being alive, if the price of bitcoin doubles then the miners will still get profit, there will be produced higher quality of miners and the mining will not be stopped by an halving.

Right. And if the price halves? Or do you think the price will double just because miners want it to double?

If the price halves then this is another thing, there will be a sell panic time, i think the price will be increases and maybe doubled but not immediately after the halving, check the last halving and you will see that the price was pumped to 1k after 6months or more after the halving

So you're telling me that since BTC price went up some time after the halvening, it went up *because* of the halvening? Just like Obama scratched his ear, and a few weeks after that thhere was an earthquake on the other side of the globe, therefore if he scratches his ear again, expect earthquakes?

And why didn't this halvening thing work for LTC? Observe:

http://s32.postimg.org/57ixtqzyd/Capture.png

Yeah, that vertical line is the halvening Sad