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Topic: Halving: Does it places an important role in the crypto market or not? (Read 569 times)

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Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 11:37:16 AM

It was explained here https://www.etorox.com/news/opinions/understanding-the-effects-of-bitcoin-halving/

Reading at that article, it all has a positive effect to the market. And I believe it so, in fact, the long-term effect of halving to the market price will help the traders to have a sustainable market gain and for the economic growth of crypto. Then I supposed to think that for a long bearish season there is something that could help to stop and that is how HALVING can do. And I'll find out that this will be the best solution that we must have and not just procuring of having stable coins or a centralized market.

Halving not just plays an important role in a growing market we have but it is very important to acquire.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 12:41:00 PM

Bitcoin block reward halving has a positive influence on bitcoin as it further reduces the amount o BTCs that are rewarded hence decreasing its supply yet facing the same increase in demand. The reason why this tend to affect the entire market is because most o the altcoins fall under the dominance of BTC and that is why the entire market also tends to increase in price as BTC keeps on rising. This is clearly being seen at the moment on coinmarketcap.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 01:07:46 PM

It does. As Satoshi implied in Bitcoin's whitepaper, Bitcoin mining is analogous to gold mining. Using this same analogy, reward halving in Bitcoin mining is just like the decrease or the depletion of the supply of gold. The amount of gold miners successfully mine is also decreasing over time as the supply dwindles. This is I guess the basis of Satoshi designing Bitcoin miners being rewarded lesser and lesser over time as the supply of Bitcoin yet to be mined also dwindles. The result is the increase of value or preciousness of gold or Bitcoin, provided the demand does not plummet significantly.

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palle11

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 01:21:41 PM

The outlook of bitcoin will be positive after halving because it is going to limit the number of processing or mining and this will create permanent scarcity which will increase demand on the other hand.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 01:51:58 PM

Obviously, block halving will make BTC scarce, as it cuts down the supply. And we all know that when an asset is so scarce, the price will shoot up in the future. And historically, we have seen that kind of effect and we may see some bullish trend right after the said event.

Some small-to-mid miners though might be affected, or if they really wanted to continue, they should upgrade their mining gear. I think it's not that bad, reinvent otherwise you will die in this business. So I would say that bitcoin halving has a important role to keep BTC alive until every supply is mine.

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keyscore44

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 02:01:13 PM

Halving is very good for Bitcoin because of the law of economics, and more precisely because of the reduction in growing supply. When supply is not growing and demand increases, so does the price naturally increase also.

The only negative thing may be that miners will start capitulating and those who have had a large amount of BTC may want to sell their inventory. However, this is only a theoretical threat. Let's hope this doesn't happen.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 02:11:02 PM

Quote from: Yamifoud on January 14, 2020, 11:37:16 AM

And I believe it so, in fact, the long-term effect of halving to the market price will help the traders to have a sustainable market gain and for the economic growth of crypto.

sorry to disappoint but that is not what halving does.
you can simply take a look at hundreds of altcoins that had halvings and crashed hard because of it. the latest was one of the biggest altcoins called litecoin!
your mistake is that you are generalizing what happens to bitcoin, to the entire market. the fact is that bitcoin price rises a lot due to halving only because there is an increasing demand for bitcoin in which case the halving only acts as the catalyst not the cause.

There is a FOMO brewing...

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 02:22:21 PM

The halving is a very big fundamental event for Bitcoin. If you want to have a reference point it is much more important than the annual earning reports for companies.

A 50% reduction in the mining rewards is pretty significant taking into account that probably the most selling pressure existent in the market are the miners who sell to cover their operational costs.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 02:28:46 PM

It has to be positive there's no other way. It's like mining gold and you suddenly hit granite and know that you used to drill the rocks but from now on it's explosives and those are more expensive and more dangerous. Less gold is going to be mined and it's going to cost more. It's the same with Bitcoin.

Of course it works only as long as there's demand. If demand drops price will not increase despite the change in difficulty and rarity.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 02:36:32 PM

#10

From my experience, i have seen always when a halving gets closer the markets start some crazy moves. My theory is that miners have the power of market manipulating, and, since they don't want to earn less money, then they bump the price on the halving. But is just a theory.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 02:44:12 PM

#11

Of course, halving will positively affect the market. Halving is reducing or cutting the rewards to be given to bitcoin miners, this will result in less supply and more demand also results in increase in price. The effect of halving may last for a long period of time. Many investors will be attracted to invest in cryptos and hopefully, the market will flood green marks for months.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 02:51:03 PM

#12

Quote from: Yamifoud on January 14, 2020, 11:37:16 AM

Halving not just plays an important role in a growing market we have but it is very important to acquire.

Then why?
Is it really meant like that by satoshi?
Looks to me like etoro just created a new definition of the halving.

Block rewards halving.
That just means they will have lesser to take.
Which also means that the market needs to suffice what the miners needed.
If I could just get some bitcoin and my electric bill is too large that it cannot suffice how much per bitcoin is then I am out.

Halving might not be a good event for the miners but if the price is right then I think it will still be profitable.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 02:56:29 PM

#13

Quote from: darkangel11 on January 14, 2020, 02:28:46 PM

It has to be positive there's no other way.

What about the vulnerability of bitcoin? This halving event will force small or even medium miners to stop operating which means bitcoin will become more vulnerable.

It can be overcome if an increase in the price of bitcoin is enough to make miners continue to profit. But what if it's not happening?

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 03:08:28 PM

#14

Quote from: turkandjaydee on January 14, 2020, 02:56:29 PM

Quote from: darkangel11 on January 14, 2020, 02:28:46 PM

It has to be positive there's no other way.

Vulnerable from what? Even the small miners have stopped their operation since long time ago and if there's lost of hash in the process it will readjust the difficulty. this halving will not necessarily bring bitcoin into its downfall but instead could encourage people to see that bitcoin actually worth more than what it is right now and for your information if so many miners are quitting, there'll always be someone who will take their role to get the profit.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 03:14:55 PM

#15

Bitcoin has controlled inflation and is based on coin halving that is halving the reward after a certain period of time. Before Iran/USA tension halving was the only thing before us that could take bitcoin out from bearish trend and now all of sudden price is up due to global issue. I don't think halving will have any impact on bitcoin price.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 03:17:11 PM

#16

Quote from: princesspoppy on January 14, 2020, 02:44:12 PM

Still, many miners right after halving generate losses for some period (eg. until they receive new mining rigs) and therefore they sell part of coins in their possession, usually pushing the price of that crypto lower, while some other miners simply switch from that crypto to one which is much more profitable to mine.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 03:21:58 PM

#17

Quote from: turkandjaydee on January 14, 2020, 02:56:29 PM

Quote from: darkangel11 on January 14, 2020, 02:28:46 PM

It has to be positive there's no other way.

If that happens, difficulty and hash rate will adjust making it profitable and attracting new miners.

But do not worry since history is in favor of the price going up on each halving.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 03:23:11 PM

#18

Basically, halving was designed by the creator of the Bitcoin to control the inflation which is good, something that no other currency has been able to do. People tend to buy Bitcoin as much as they can before halving and this trend has happened as in the previous halving, many people speculate that the price increase was due to political conditions in the world now but in my opinion this because of halving.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 03:25:34 PM

#19

Quote from: msarro on January 14, 2020, 03:14:55 PM

My point is quite contracting to this because the tension between the both parties we know for sure, is just creating a market price for a short term gain and already been in to market correction lately. The sudden increase in the market price of bitcoin today is due to the fact that bitcoin has a good market graph telling traders and investors that the long wait is over, in addition, bitcoin halving is supporting this increase with an assurance that we will have a good market price for bitcoin in the next few months.

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Re: Halving: Does it places an important role in the crypto market or not?

January 14, 2020, 03:27:05 PM

#20

The role of halving is crucial for bitcoin to stay alive and catch more value by time passing so yea , halving is super important when it comes to crypto markets. We're 4months way from halv and the impact of it may not be positive in 1st time as the price might be going down a little like it always did after a halv but give it a few months and we will see the impact of halving showing up on price and maybe even trigger the bull run.

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