Post
Topic
Board Economics
Re: The Halving - Good or Bad for Bitcoin?
by
groll
on 29/06/2016, 01:20:34 UTC
As the title says, is the halving good or bad for the price of bitcoin?

The halving will decrease the supply of bitcoin, whole keeping the demand, so that would make bitcoin worth more.

But the halving will make mining profitibilty worse, meaning less miners, a higher trans. fee, and maybe causing a smaller demand.

What's your verdict?

I think bitcoin will still go up, as the fees might, let's say, double, but that's still a smaller transaction fee than through the banks...

Halving does not mean bad or good for bitcoins. What is bad for bitcoins is the insufficiency of present miners to catch up with new block to meet the present demand for bitcoins. But given there are no miners around, halving is bad news to bitcoin but good news to the users since the value will go up tremendously if the supply is decreasing and the difficulty in mining is increasing.