Post
Topic
Board Economics
Re: The Halving - Good or Bad for Bitcoin?
by
blackhawkeye1912
on 25/02/2017, 21:44:52 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 cannot see that halving will give bad effect into bitcoin, In fact, even the supply will decrease the value will increase. Though those bitcoin enthusiast who direct mined bitcoin will get affected on this, still the there are part of the bitcoin community that will be in favor and will get benefit unto it.