Quote from: RastMan on December 24, 2016, 10:57:45 AM

Quote from: millgates on December 16, 2016, 01:10:34 PM

Quote from: CoinSkipper on October 24, 2015, 09:28:57 PM

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.

Less new money is required to support the price.

In fact, it depends on a lot of other factors

Just because the influx of new bitcoins decreased thanks to halving, it doesn't mean that the number of bitcoins being traded diminished. After all, bitcoin halving only halves the supply of new coins, but in no case does it take away bitcoins from the market. Provided all other things are kept the same, the number of bitcoins traded still continues to increase though not as fast. In this way, the claim that less money is required to support the price is erroneous in general