Post
Topic
Board Economics
Re: The Halving - Good or Bad for Bitcoin?
by
Maslate
on 13/07/2016, 05:20:28 UTC
Looking back at 2012, we can say that the past Halving award did not cause any problems, so why is worth waiting problems after yesterday?
In 2012, and a year later for the Bitcoin everything went surprisingly well: the price of bitcoins has doubled within a few months after reducing the award for the unit, while of mining process was not as competitive environment, which he was then, because of which dropped significantly profit miners.
Well upon seeing the last event that happen it pump to $1200 and fall down at $300. So maybe this scenario will repeat itself, well we don't know. I'm hoping that it will not.
It will not happen this time around because if you observe how the price react, it is slowly but surely rising up, this time we don't need to worry as the price is already back by real demand of the investors and users who loves to spend online.