Post
Topic
Board Economics
Re: The Halving - Good or Bad for Bitcoin?
by
shine1123
on 30/12/2016, 14:22:28 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...

In my opinion, the halving is really good for bitcoin. Because the price of bitcoin become increase so high and continue until now. Well, it's because Christmas too. I think there is no bad for bitcoin, maybe it affect the services that using bitcoin, because their salary will reduce.