Post
Topic
Board Economics
Re: The Halving - Good or Bad for Bitcoin?
by
millgates
on 16/12/2016, 13:10:34 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...
I think halving is good for bitcoin becouse it is make deflation that pump bitcoin price.