232 days before bitcoin block reward halving - page 2.

virasisog

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Quote from: matrix zion on February 23, 2016, 02:09:28 PM

I'm not sure the effect of halving will be the one expected...

I mean logically less mining reward means less btc supply means higher prices no?

Well in theory.
But from a practical point of view, I'd say that the halving will mostly only mean a HUGE dump of the massive accumulation of last months.
So I'd bet on a huge price crash in fact!

Last halving, the effect was dramatic, the price rose to $1200 from $12. This time, it should be much lower, maybe from $500 to $5000.

Xember

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Quote from: matrix zion on February 23, 2016, 02:09:28 PM

I'm not sure the effect of halving will be the one expected...

I mean logically less mining reward means less btc supply means higher prices no?

Well in theory.
But from a practical point of view, I'd say that the halving will mostly only mean a HUGE dump of the massive accumulation of last months.
So I'd bet on a huge price crash in fact!

10 months after the last halving, the price went from tens of dollars to thousands of dollars.

matrix zion

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I'm not sure the effect of halving will be the one expected...

I mean logically less mining reward means less btc supply means higher prices no?

Well in theory.
But from a practical point of view, I'd say that the halving will mostly only mean a HUGE dump of the massive accumulation of last months.
So I'd bet on a huge price crash in fact!

Hashminers

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I think there will happen a lot with the bitcoin before the halving and after the halving has been done, you should think about all the people that are waiting on it, we all have to be patient.

I think if the bitcoin block size will happen a lot of people will make a lot of profit by the bitcoin including my of course, I'm just waiting on the bitcoin.

winspiral

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Quote from: virasisog on February 23, 2016, 08:45:07 AM

Quote from: uki on February 20, 2016, 04:40:34 PM

Quote from: CoinCidental on February 20, 2016, 03:57:09 PM

it will trigger some selling/ dumping but people can only dump once ..........
eventually the shortage of coins will surpass the dumping and the price will rocket
as the people who have already sold their coins are effectively out of the game and can have no further effect
on the market

when they dump at 800 or whatever and the price keeps on rising they will be unable to afford to buy back in .....

you can dump your coins only once, you are right, but have you guestimated what happens if the real whales start to take their gains?
With already mined coins it is possible to move the market arbitrally low, no matter halving, if a whale decides to do so. There are some really big pockets from the early days of Bitcoin who still wait for their moment to take the winning bet. Therefore, I would be very careful predicting $800 and beyond.

Yes. I think the halving will have less effect on the price in the future. We already have many coins.

yes,
The halving effect will be lower this time and very more in 4 years...
But the effect will be hard this time for miners and very hard in 4 years.
if new mineware are found...then it will impossible to mine for old ones with profit.

virasisog

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Quote from: uki on February 20, 2016, 04:40:34 PM

Quote from: CoinCidental on February 20, 2016, 03:57:09 PM

it will trigger some selling/ dumping but people can only dump once ..........
eventually the shortage of coins will surpass the dumping and the price will rocket
as the people who have already sold their coins are effectively out of the game and can have no further effect
on the market

when they dump at 800 or whatever and the price keeps on rising they will be unable to afford to buy back in .....

you can dump your coins only once, you are right, but have you guestimated what happens if the real whales start to take their gains?
With already mined coins it is possible to move the market arbitrally low, no matter halving, if a whale decides to do so. There are some really big pockets from the early days of Bitcoin who still wait for their moment to take the winning bet. Therefore, I would be very careful predicting $800 and beyond.

Yes. I think the halving will have less effect on the price in the future. We already have many coins.

uki

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Quote from: CoinCidental on February 20, 2016, 03:57:09 PM

it will trigger some selling/ dumping but people can only dump once ..........
eventually the shortage of coins will surpass the dumping and the price will rocket
as the people who have already sold their coins are effectively out of the game and can have no further effect
on the market

when they dump at 800 or whatever and the price keeps on rising they will be unable to afford to buy back in .....

you can dump your coins only once, you are right, but have you guestimated what happens if the real whales start to take their gains?
With already mined coins it is possible to move the market arbitrally low, no matter halving, if a whale decides to do so. There are some really big pockets from the early days of Bitcoin who still wait for their moment to take the winning bet. Therefore, I would be very careful predicting $800 and beyond.

CoinCidental

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Quote from: bitcoinboy12 on February 16, 2016, 07:48:48 AM

Quote from: trickshot22 on February 16, 2016, 07:41:57 AM

price will rise, so buy much bitcoins as you can now, and sell them later for larger price

But there will be a lot of selling as well once it reach the price that is double to what it is prior to the halving so the price will dip again. We just don't know at what price point will it stabilize.

it will trigger some selling/ dumping but people can only dump once ..........
eventually the shortage of coins will surpass the dumping and the price will rocket
as the people who have already sold their coins are effectively out of the game and can have no further effect
on the market

when they dump at 800 or whatever and the price keeps on rising they will be unable to afford to buy back in .....

bitcoinboy12

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Quote from: trickshot22 on February 16, 2016, 07:41:57 AM

price will rise, so buy much bitcoins as you can now, and sell them later for larger price

But there will be a lot of selling as well once it reach the price that is double to what it is prior to the halving so the price will dip again. We just don't know at what price point will it stabilize.

trickshot22

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price will rise, so buy much bitcoins as you can now, and sell them later for larger price

virasisog

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The block halving could be earlier than expected as the hashing rate is rising too fast. It is about 20% every 12-13 days.

600watt

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op for sure & some of the posters of this thread seem to not consider a very basic fact:

if you run a mid-size/big/giant mining farm you are running a company. companies have to stick to certain economic rules if they want to survive.

when a company invests it calculates the outcome of the investment. the bigger the investment, the longer is the timeframe to consider. companies try to not fuck up theses calculations, because if they do, money is burned, jobs are lost, careers get ruined, etc. when you run a company that does only one thing, bitcoin mining, then every big or little calculation about future revenue of investments in miners and energy will always include the halving.

the miners know it. do you really think there are some guys out there handling hardware worth millions and then one day in june 2016 they get into their office and notice that there are making only half the coins and go belly up? "sorry mr investor, this halving came out of nowhere!"

because everyone knows. because it is a feature. Roll Eyes

winspiral

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Quote from: Corenin on February 02, 2016, 06:12:10 AM

You made me laugh, bitcoin will die Tongue

it happened in past, halving will make bitcoin more precious and popular.Bitcoin's value will increase because of block reward halving.

in 2024 or 2028 we will have more experience about the halving...(lol)

Corenin

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You made me laugh, bitcoin will die Tongue

it happened in past, halving will make bitcoin more precious and popular.Bitcoin's value will increase because of block reward halving.

davinchi

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Quote from: ajareselde on December 09, 2015, 06:13:19 PM

Quote from: boopy265420 on December 09, 2015, 12:52:14 PM

After halving of blocks price will not drop anymore under 400 $ and this will be bottom.Dont think much and enjoy recent movements of upwards in price of bitcoin.I expect over 500 $ price for per bitcoin after halving and I am sure of this to happen.

With all honesty, it's still too early to speculate what will happen after the halving. Just recently we have been struggling to pass 250, and now we're over 400$ - the fact is that
it's too early to tell will this hold til halving date, but that it does seam to show optimistic - yes, definitely.

cheers

Even the halving date is too far from today, we can observe the consequences for pre-halving effects in bitcoin value day to day.
There are more surprises to be unveiled by halving in up coming days. So, speculating on them must be more interesting and a way of preparing ourselves for those surprises.

ajareselde

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Quote from: boopy265420 on December 09, 2015, 12:52:14 PM

After halving of blocks price will not drop anymore under 400 $ and this will be bottom.Dont think much and enjoy recent movements of upwards in price of bitcoin.I expect over 500 $ price for per bitcoin after halving and I am sure of this to happen.

With all honesty, it's still too early to speculate what will happen after the halving. Just recently we have been struggling to pass 250, and now we're over 400$ - the fact is that
it's too early to tell will this hold til halving date, but that it does seam to show optimistic - yes, definitely.

cheers

fantoos

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Cant say this other way more good but I would like to add that miners will be in profit only if price of Bitcoin are over 360$.To protect and make secure the network mining is essential so something good and positive will happen in my opinion.

boopy265420

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After halving of blocks price will not drop anymore under 400 $ and this will be bottom.Dont think much and enjoy recent movements of upwards in price of bitcoin.I expect over 500 $ price for per bitcoin after halving and I am sure of this to happen.

richardsNY

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Quote from: QuintLeo on December 09, 2015, 05:28:10 AM

BTCC (and other Chinese exchanges) started taking fiat payments directly again.

THAT is what caused the spike last month - and ongoing Chinese economic meltdown issues seems to be what's keeping the current price rise alive.

It's WAY to early for the "halfing price jump" to have started.

I don't think that's the reason that the price went up to $500. My guess is it was either the FBI auctioning the SilkRoad coins, or the MMM ponzi in China.

FruitsBasket

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Quote from: QuintLeo on December 09, 2015, 05:28:10 AM

BTCC (and other Chinese exchanges) started taking fiat payments directly again.

THAT is what caused the spike last month - and ongoing Chinese economic meltdown issues seems to be what's keeping the current price rise alive.

It's WAY to early for the "halfing price jump" to have started.

Why will the price will go up when the block halving comes? Because it is harder to get btc so it is more worthfull then now?

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