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Board Speculation
Re: sorry what is halving the price will rise e or reduce?
by
Lintel
on 27/05/2016, 15:16:09 UTC
so seen people saying halving all the time? what is it  so when bitcoin halving the price reduce or rise?

halving means that block rewards will be halved, so miners will get less money from bitcoins and maybe it will be unprofitable for them so they will leave their jobs so price will have to rise


so price will rise and some people predicts that price will rise to 1200$ but i think that we will be pretty lucky if price will rise to 900$ as there will be a lon of people that will sell bitcoins

It depends on the demand of the new coins. If there is no new demand, the price will actually drop.