Block Reward Halfening 2016 ---> New ATH

Hyena

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Quote from: The Sceptical Chymist on June 13, 2016, 03:57:09 PM

In other words: "It's different this time. "

Be very careful. That's what people said about tulips, railroads, Radio stock, and Enron. I'm a bitcoin supporter but I'm very aware of the history of those manias.

If nothing spectacular happens this year or by Spring 2017 then I'm going to back off with my wild predictions and admit being wrong. This is how confident I am. It's the make it or break it year for everything. Banks are going to collapse, countries are going to collapse, real estate is going to collapse gold and silver will skyrocket, BTC will go to da Moon.

useless4

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Quote from: 2double0 on June 13, 2016, 03:38:45 PM

Based on previous ATH, I think we should see a hike of more than $2400, I mean double the previous ATH.

i hope you are right because it would surely attract even more people to bitcoin, though the price might be not reachable

The Sceptical Chymist

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Quote from: Hyena on June 13, 2016, 06:23:18 AM

Quote from: daniobg on June 13, 2016, 06:19:21 AM

Quote from: DeathAngel on June 13, 2016, 06:05:35 AM

That's nice to see, I hope it can rise like that again. Am I being stupid thinking that we could see $2000 bitcoin's as a result of the halving (a few months after).

Well I doubt it will reach 2000$ that easy - we must pass the 1000$ mental barrier and then if we manage to get to 1500$, there will be a stop sign - at that point it will be critical, either the hype will continue OR there will be a major "dump"/correction. Fast rises are not good for the stability of the coin. At the moment all that I see is a bubble forming, just like back in 2013 - the hype back then was huge, compared to now, because not so many people knew about Bitcoin. Today people are informed and they know about the halving, but they know that the bubble will pop at some point, so they will be more careful, because no one wants to be a "bag holder". So 2000$ is a bit too much if you ask me, but ~1000$ - 1200$ on the other side is absolutely doable.

You're a fiat world fool. The bubble won't pop this time because it is the fiat bubble that is going to pop soon.

In other words: "It's different this time. "

Be very careful. That's what people said about tulips, railroads, Radio stock, and Enron. I'm a bitcoin supporter but I'm very aware of the history of those manias.

Hyena

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Quote from: NorrisK on June 13, 2016, 03:51:01 PM

So that basically means those 25k usd are useless.. Wouldn't it be better to have bitcoin worth 25k usd in a world where usd is still worth something? I mean, if you can start paying 10k usd rent a month for a small appartment, bitcoin would not have more purchasing power than it has now.

USD would not be worthless, just weaker. In relation to the current buying power of USD, BTC would be worth 15k. However, since the world is losing confidence in USD this will further increase the value of BTC against USD. For fiat owners buying into BTC now is double win --- they will defend their wealth from inflation and they grow their wealth because BTC is heavily undervalued at the moment.

NorrisK

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Quote from: Hyena on June 13, 2016, 12:25:06 PM

Quote from: Amph on June 13, 2016, 09:24:16 AM

i think 25k is a bit over the top for now, such crazy rally can only happen with the correct maturation, like around other 2-3 halving

while i think that it's still far from impossible, i don't want to be too euphoric just because of the recent pump and begin dreaming too much, we must remain realistic

2k as a new peak is realistic

the 25k I'm talking about is not what you think it is. Such prices are definitely possible but they require the world economic playground to escalate into a situation where confidence in dollar is lost and there is no question about it.

So that basically means those 25k usd are useless.. Wouldn't it be better to have bitcoin worth 25k usd in a world where usd is still worth something? I mean, if you can start paying 10k usd rent a month for a small appartment, bitcoin would not have more purchasing power than it has now.

2double0

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Based on previous ATH, I think we should see a hike of more than $2400, I mean double the previous ATH.

Dafar

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Hyena and Amph are typical bulltards just FYI to noobs Wink

With that said, I do believe there is more room for the price to rise in the coming months

amacar2

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Bitcoin have shown its strength already with recent pump so it will be not suprising if it can acheive new all time high level. Grin

We should thank chinese buyers.

Hyena

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Quote from: Amph on June 13, 2016, 09:24:16 AM

i think 25k is a bit over the top for now, such crazy rally can only happen with the correct maturation, like around other 2-3 halving

while i think that it's still far from impossible, i don't want to be too euphoric just because of the recent pump and begin dreaming too much, we must remain realistic

2k as a new peak is realistic

the 25k I'm talking about is not what you think it is. Such prices are definitely possible but they require the world economic playground to escalate into a situation where confidence in dollar is lost and there is no question about it.

Amph

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Quote from: Hyena on June 13, 2016, 06:50:50 AM

Quote from: Ayers on June 13, 2016, 06:41:21 AM

so you think can skyrocket 5x or 10x like the last halving?, in the last halving the pump happened after it right? here is before it, so i think there will be a dump after the having this time, but not a strong dump, maybe price correction?

correction: last time btc rose from 5$ to 12$ before the halving of 2012. Then after the halving it went into a real bubble and rose from 12 to 270. This time we are rising from 400 to 1000 BEFORE THE HALVING and from 1000 to 25000$ after the halving. Not only because BTC is so awesome but because the fiat world will collapse 2007/2008 style, but this time there will be no quantitative easing. It will be a full blown debt jubilee. Real estate markets will crash hard. Gold and silver will soar. At the peak of the upcoming silver rally silver will be worth as much as gold.

i think 25k is a bit over the top for now, such crazy rally can only happen with the correct maturation, like around other 2-3 halving

while i think that it's still far from impossible, i don't want to be too euphoric just because of the recent pump and begin dreaming too much, we must remain realistic

2k as a new peak is realistic

EatonABooger

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[/quote]
correction: last time btc rose from 5$ to 12$ before the halving of 2012. Then after the halving it went into a real bubble and rose from 12 to 270. This time we are rising from 400 to 1000 BEFORE THE HALVING and from 1000 to 25000$ after the halving. Not only because BTC is so awesome but because the fiat world will collapse 2007/2008 style, but this time there will be no quantitative easing. It will be a full blown debt jubilee. Real estate markets will crash hard. Gold and silver will soar. At the peak of the upcoming silver rally silver will be worth as much as gold.
[/quote]

I read things written by Hyena and usually find my self saying "YIKES !" out loud...
but, I have a soft spot for him and he is on my list of posters that I do read and ponder his writings.

I once reacted and invested based on one of his specific predictions a couple years back, and I am very glad I did.

Karartma1

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I've never been so sure as I am now of what Bitcoin potential is. I spread my knowledge to anybody asked me in the last two years but very few listened to me. Those who have today thank me. The others are probably regretting.
Let's continue moving forward.

If Hyena is right, Bitcoin will be the same as gold in storing value with a difference: BTC will have a higher price!

daniobg

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Quote from: Hyena on June 13, 2016, 06:50:50 AM

This time we are rising from 400 to 1000 BEFORE THE HALVING and from 1000 to 25000$ after the halving. Not only because BTC is so awesome but because the fiat world will collapse 2007/2008 style, but this time there will be no quantitative easing. It will be a full blown debt jubilee. Real estate markets will crash hard. Gold and silver will soar. At the peak of the upcoming silver rally silver will be worth as much as gold.

Ok I will quote that for the months that will follow - I hope you are correct and I will be really happy if that happens, BUT still I think that you are flying a "little bit" high in the clouds Wink

I don't think the world is ready for Bitcoin yet - It will be great for such an adoption to happen and escalate the price "to the moon", but I think that scenario is a few years later in the future. Anyway only time will tell when the shit will hit the fan Grin

Hyena

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Quote from: Ayers on June 13, 2016, 06:41:21 AM

so you think can skyrocket 5x or 10x like the last halving?, in the last halving the pump happened after it right? here is before it, so i think there will be a dump after the having this time, but not a strong dump, maybe price correction?

correction: last time btc rose from 5$ to 12$ before the halving of 2012. Then after the halving it went into a real bubble and rose from 12 to 270. This time we are rising from 400 to 1000 BEFORE THE HALVING and from 1000 to 25000$ after the halving. Not only because BTC is so awesome but because the fiat world will collapse 2007/2008 style, but this time there will be no quantitative easing. It will be a full blown debt jubilee. Real estate markets will crash hard. Gold and silver will soar. At the peak of the upcoming silver rally silver will be worth as much as gold.

klee

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Quote from: daniobg on June 13, 2016, 06:19:21 AM

Quote from: DeathAngel on June 13, 2016, 06:05:35 AM

That's nice to see, I hope it can rise like that again. Am I being stupid thinking that we could see $2000 bitcoin's as a result of the halving (a few months after).

Well I doubt it will reach 2000$ that easy - we must pass the 1000$ mental barrier and then if we manage to get to 1500$, there will be a stop sign - at that point it will be critical, either the hype will continue OR there will be a major "dump"/correction. Fast rises are not good for the stability of the coin. At the moment all that I see is a bubble forming, just like back in 2013 - the hype back then was huge, compared to now, because not so many people knew about Bitcoin. Today people are informed and they know about the halving, but they know that the bubble will pop at some point, so they will be more careful, because no one wants to be a "bag holder". So 2000$ is a bit too much if you ask me, but ~1000$ - 1200$ on the other side is absolutely doable.

'Don't bet your ass!' - Black Belt Jones

Herbert2020

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this is just a start, i thought this rise would take much longer to start but i am glad to admit that i was wrong about the timing and see the price rises and market getting so much more exciting once again.

Quote from: daniobg on June 13, 2016, 06:19:21 AM

.....the hype back then was huge, compared to now, because not so many people knew about Bitcoin. Today people are informed and they know about the halving, but they know that the bubble will pop at some point, so they will be more careful, because no one wants to be a "bag holder"....

people who knew about bitcoin back then (even if there were much smaller number of people) they know all these things too and they didn't want to be bagholders either.
nothing is changed about how much people know about bitcoin (for better or worse) the only difference is that there are far more people investing in bitcoin which can only mean more money being inserted in.
so $2000 doesn't seem that far away now.

klee

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Another leg up will make everything collapse (so it will not be only BTC rising, more it will be everything will look worthless compared to it).

Ayers

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so you think can skyrocket 5x or 10x like the last halving?, in the last halving the pump happened after it right? here is before it, so i think there will be a dump after the having this time, but not a strong dump, maybe price correction?

Hyena

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Quote from: daniobg on June 13, 2016, 06:19:21 AM

Quote from: DeathAngel on June 13, 2016, 06:05:35 AM

That's nice to see, I hope it can rise like that again. Am I being stupid thinking that we could see $2000 bitcoin's as a result of the halving (a few months after).

Well I doubt it will reach 2000$ that easy - we must pass the 1000$ mental barrier and then if we manage to get to 1500$, there will be a stop sign - at that point it will be critical, either the hype will continue OR there will be a major "dump"/correction. Fast rises are not good for the stability of the coin. At the moment all that I see is a bubble forming, just like back in 2013 - the hype back then was huge, compared to now, because not so many people knew about Bitcoin. Today people are informed and they know about the halving, but they know that the bubble will pop at some point, so they will be more careful, because no one wants to be a "bag holder". So 2000$ is a bit too much if you ask me, but ~1000$ - 1200$ on the other side is absolutely doable.

You're a fiat world fool. The bubble won't pop this time because it is the fiat bubble that is going to pop soon.

daniobg

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Quote from: DeathAngel on June 13, 2016, 06:05:35 AM

That's nice to see, I hope it can rise like that again. Am I being stupid thinking that we could see $2000 bitcoin's as a result of the halving (a few months after).

Well I doubt it will reach 2000$ that easy - we must pass the 1000$ mental barrier and then if we manage to get to 1500$, there will be a stop sign - at that point it will be critical, either the hype will continue OR there will be a major "dump"/correction. Fast rises are not good for the stability of the coin. At the moment all that I see is a bubble forming, just like back in 2013 - the hype back then was huge, compared to now, because not so many people knew about Bitcoin. Today people are informed and they know about the halving, but they know that the bubble will pop at some point, so they will be more careful, because no one wants to be a "bag holder". So 2000$ is a bit too much if you ask me, but ~1000$ - 1200$ on the other side is absolutely doable.

randy8777

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if we were still hovering around the $450 price level i would say no, but at this point literally anything can happen with the massive price increases that we are seeing. i say let it happen! Grin

DeathAngel

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That's nice to see, I hope it can rise like that again. Am I being stupid thinking that we could see $2000 bitcoin's as a result of the halving (a few months after).

Hyena

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This is it, ladies and gentilemen, Bitcoin will once again show the fiat world who's the boss.

Topic: Block Reward Halfening 2016 ---> New ATH (Read 1124 times)