Post
Topic
Board Economics
Re: The Halving - Good or Bad for Bitcoin?
by
Xester
on 10/07/2016, 13:00:23 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...

It's hard to tell if halving is good or bad for the halving. Only satoshi nakamoto the creator of bitcoins knew the answer. He know the reason why halving existed or what are the hidden reasons and underlying factors why halving existed. But in my simple understanding halving is beneficial to bitcoin. Halving is a part of the bitcoin system and it must be placed for bitcoin to function well.