Quote from: Sweetbtc on August 20, 2016, 03:32:07 PM

Quote from: Batelk on July 18, 2016, 02:58:06 PM

Quote from: odolvlobo on July 17, 2016, 09:33:20 PM

Quote from: Batelk on July 17, 2016, 09:22:22 AM

Quote from: odolvlobo on July 14, 2016, 07:32:47 AM

Quote from: Batelk on July 14, 2016, 07:01:57 AM

The halving will take its effect in the next few months or years. The price will rise due to the reduced supply.

The supply is not reduced. It increases toward 21 million with every block.

The daily supply of the new coins are reduced, or you can say the rate of the new bitcoin growth reduces.

I see that you have a full understanding, but "daily supply" is a poor term because the supply of bitcoins each day includes all bitcoins in existence, and not just the ones produced that day.

"Production" is a better term than "supply of the new coins" because it is more accurate and accepted, and it isn't as confusing.

That is right. When the bitcoin price rises, some holders will be attracted to sell their coins, that will increase the circulation.

It actually reach $650; in any case it should at least be double to what the miners where earning before. And yea it shouldnt be much of concern if the pay rate is still the same; but if it goes to around $900 I bet that actually compensates for the halving and the mining difficulty.

weren't miners earning on $450 before the halving? therefore it need to be $900 for them to be sustainable, but they also have a better efficiency now with antmier s9, so maybe 600-700ish is enough for them