Does anyone know what the exact dates are of halving and the date it will become only 1 coin reward?
Also Are people holding on to these coins long term or pump and dump because Ive been hear both.
Hoping for the next Bitcoin here
Thanks
Do you want an honest opinion? No, it's not going to be "the next bitcoin", but its price will increase higher than today's maximum. It's coming in waves after each block halving, so it should reach higher after the next halving. I think its value will peak once the block rewards drop to 1, and after that it's anyones guess. People will hold out at least until then, so I think we're only at the beginning. Soon as people see a dip it starts a cycle of panic selling after the pump. When the coin gets even rarer people will buy up even more. There's a lot more money left in this horse.
People behave in fairly predictable ways. If enough people are waiting to buy in at the next halving knowing the value will go up, then merely by consensual agreement the value will go up. Even people here think that it will. If enough act upon that, then we should see hikes and dips all the way to a big hike at 1 coin rewards.
If someone with big money is manipulating the price, then you can bet they'll want to do it again after the next halving.
Until the 1 block rewards kick in, that's how long the devs have to get some services and things ready, because after that it's either adopt or drop. The coin will be adopted if the devs get the services in place before then, but if not people will move on. The price can only stabilise if people believe it has a long-term future. PoS alone won't save it.
And just so you know exactly my bias; I hold about 2.2 million Mint, which I mined last week. I didn't sell today, and won't be selling until at least the 1 block reward kicks in. If adoption keeps the price stable and only suffers a minor dip, then I won't sell at all.
Thanks for the info. I know its impossible to see the future and we still have some time till the 1 block reward but what do you think will happen? You seem like you've seen some cryptos succeed and not.
What do you mean by the devs have to get services up before the 1 block reward? Like exchanges such as cryptsy or real world acceptance?
Last question lol, What other cryptocurrencies do you hold on to for long term that your betting on beside Bitcoin and Litecoin?
Thanks!