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Topic: Block reward halving and BC price - page 6. (Read 5568 times)

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legendary
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Re: Block reward halving and BC price
January 05, 2016, 06:39:48 AM
#22
Quote from: Matias on January 04, 2016, 05:37:23 AM
Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?

It's definitely not baked in the current price. During 2016 we can definitely achieve to see the price double from current price point, but it can also go much higher and bring us a new ATH, which would be a great milestone. It has not much to do with the block rewards being cut by 50% and that the price must go up 100%. That's what I consider to be nonsense. It will be the demand and speculation that will be the main driver that will push the price possibly to over $1000 again this year.
azguard
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Re: Block reward halving and BC price
January 05, 2016, 05:20:39 AM
#21
Quote from: skeletonbit on January 05, 2016, 02:34:04 AM
Quote from: Matias on January 04, 2016, 05:37:23 AM
Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?
price won't doubled because only newly mining coin rewards halved but what about the coins that are already in the market, we can see 10-15 % growth on halving

you can expect up to 50% maybe more but after that expect for price to go stable again in some nice range 600-700 or 700-800 it would be nice
skeletonbit
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Re: Block reward halving and BC price
January 05, 2016, 02:34:04 AM
#20
Quote from: Matias on January 04, 2016, 05:37:23 AM
Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?
price won't doubled because only newly mining coin rewards halved but what about the coins that are already in the market, we can see 10-15 % growth on halving
azguard
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Re: Block reward halving and BC price
January 05, 2016, 02:29:08 AM
#19
Quote from: ~Bitcoin~ on January 04, 2016, 11:36:49 AM
Quote from: Amph on January 04, 2016, 06:15:03 AM
due to diff increase, it will end up eventually in the +50% more range, so a 600-700 range is more correct than simply saying it will double

it will increase for sure, it is almost certain, it can not decrease because otherwise, always due to the diff miners will have no real profit
I also expect the same not like 1k. 600-700 range seems to be perfect and achievable by july this year.

perhaps even sooner and then maybe we will see small pump for price to go over 1K and then stable price is maybe little higher 700-800
if we consider all think that this price will be in most of this year
~Bitcoin~
legendary
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Re: Block reward halving and BC price
January 04, 2016, 11:36:49 AM
#18
Quote from: Amph on January 04, 2016, 06:15:03 AM
due to diff increase, it will end up eventually in the +50% more range, so a 600-700 range is more correct than simply saying it will double

it will increase for sure, it is almost certain, it can not decrease because otherwise, always due to the diff miners will have no real profit
I also expect the same not like 1k. 600-700 range seems to be perfect and achievable by july this year.
flagpara
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Re: Block reward halving and BC price
January 04, 2016, 09:30:15 AM
#17
True but it still gives a good idea lets be honest, no reason for one insanely rich personn to split it between thousands of addresses no?  Smiley
helloeverybody
legendary
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Re: Block reward halving and BC price
January 04, 2016, 09:35:32 AM
#17
Quote from: flagpara on January 04, 2016, 09:30:15 AM
True but it still gives a good idea lets be honest, no reason for one insanely rich personn to split it between thousands of addresses no?  Smiley

As far as im aware theres nothing to stop that, but im sure that some people do keep an eye on these addresses and the transactions they make so its maybe easier for other people to work out how much some people hold. but theres nothing stopping an insanely rich person buying 1 million bitcoin today as long as hes willing to pay whatever they are worth, and either way if moneys going into it then its good for the bitcoin community as a whole. if someone from 2011 or whenever holds 1 mil coins though and decides to dump then not so good. Someone else would probably be able to tell you what old miners still hold a large amount other than satoshi since these things can be checked.
helloeverybody
legendary
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Re: Block reward halving and BC price
January 04, 2016, 09:28:05 AM
#16
Quote from: flagpara on January 04, 2016, 09:17:37 AM
Quote from: helloeverybody on January 04, 2016, 08:59:15 AM
Quote from: flagpara on January 04, 2016, 08:47:55 AM
Quote from: helloeverybody on January 04, 2016, 08:17:00 AM
Quote from: flagpara on January 04, 2016, 08:09:10 AM
Well it should still double in fact, but on a VERY long trend, when new coins become more numerous than old one  Grin

As the halving will also mean less btc produced, it seems fair to say it will rise suddenly then keep going up and up. The halving will support the current up trend of btc

Indeed. this would only be true though if there was going to be more new coins than old but due to the fact that 15 million out of 21 have already been mined we will never have more new ones than old. So really any price increase is just pure speculation. Just perhaps people holding onto old ones.

Whaou, I didn't know it was 15/21...
That means that the price can skyrocket or totally dump with the only fact that early adopter have millions of coins..

i was not aware of that incredible number. It means btc is really an unreliable coin...

not really, i mean we are many many years away from before all coins are mined and bitcoin price is at what it is now regardless of early adopters. there is not realy anybody out there with millions of coins except maybe satoshi which is a non issue at the moment. The longer bitcoin is around the more spread out these millions of coins are getting.

Is there a way to check this? I bet it would feel safer if we knew exactly which proportion the 1% owes. Cause if they start spreading this it can dump everything hard!

yeah well there is a btc rich list here EmbarrassedQuote
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

But theres no way of really knowing how much one person has since they can have it split across multiple addresses.
flagpara
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Re: Block reward halving and BC price
January 04, 2016, 09:17:37 AM
#15
Quote from: helloeverybody on January 04, 2016, 08:59:15 AM
Quote from: flagpara on January 04, 2016, 08:47:55 AM
Quote from: helloeverybody on January 04, 2016, 08:17:00 AM
Quote from: flagpara on January 04, 2016, 08:09:10 AM
Well it should still double in fact, but on a VERY long trend, when new coins become more numerous than old one  Grin

As the halving will also mean less btc produced, it seems fair to say it will rise suddenly then keep going up and up. The halving will support the current up trend of btc

Indeed. this would only be true though if there was going to be more new coins than old but due to the fact that 15 million out of 21 have already been mined we will never have more new ones than old. So really any price increase is just pure speculation. Just perhaps people holding onto old ones.

Whaou, I didn't know it was 15/21...
That means that the price can skyrocket or totally dump with the only fact that early adopter have millions of coins..

i was not aware of that incredible number. It means btc is really an unreliable coin...

not really, i mean we are many many years away from before all coins are mined and bitcoin price is at what it is now regardless of early adopters. there is not realy anybody out there with millions of coins except maybe satoshi which is a non issue at the moment. The longer bitcoin is around the more spread out these millions of coins are getting.

Is there a way to check this? I bet it would feel safer if we knew exactly which proportion the 1% owes. Cause if they start spreading this it can dump everything hard!
helloeverybody
legendary
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Re: Block reward halving and BC price
January 04, 2016, 08:59:15 AM
#14
Quote from: flagpara on January 04, 2016, 08:47:55 AM
Quote from: helloeverybody on January 04, 2016, 08:17:00 AM
Quote from: flagpara on January 04, 2016, 08:09:10 AM
Well it should still double in fact, but on a VERY long trend, when new coins become more numerous than old one  Grin

As the halving will also mean less btc produced, it seems fair to say it will rise suddenly then keep going up and up. The halving will support the current up trend of btc

Indeed. this would only be true though if there was going to be more new coins than old but due to the fact that 15 million out of 21 have already been mined we will never have more new ones than old. So really any price increase is just pure speculation. Just perhaps people holding onto old ones.

Whaou, I didn't know it was 15/21...
That means that the price can skyrocket or totally dump with the only fact that early adopter have millions of coins..

i was not aware of that incredible number. It means btc is really an unreliable coin...

not really, i mean we are many many years away from before all coins are mined and bitcoin price is at what it is now regardless of early adopters. there is not realy anybody out there with millions of coins except maybe satoshi which is a non issue at the moment. The longer bitcoin is around the more spread out these millions of coins are getting.
flagpara
full member
Activity: 756
Merit: 100
Re: Block reward halving and BC price
January 04, 2016, 08:47:55 AM
#13
Quote from: helloeverybody on January 04, 2016, 08:17:00 AM
Quote from: flagpara on January 04, 2016, 08:09:10 AM
Well it should still double in fact, but on a VERY long trend, when new coins become more numerous than old one  Grin

As the halving will also mean less btc produced, it seems fair to say it will rise suddenly then keep going up and up. The halving will support the current up trend of btc

Indeed. this would only be true though if there was going to be more new coins than old but due to the fact that 15 million out of 21 have already been mined we will never have more new ones than old. So really any price increase is just pure speculation. Just perhaps people holding onto old ones.

Whaou, I didn't know it was 15/21...
That means that the price can skyrocket or totally dump with the only fact that early adopter have millions of coins..

i was not aware of that incredible number. It means btc is really an unreliable coin...
helloeverybody
legendary
Activity: 1008
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
Re: Block reward halving and BC price
January 04, 2016, 08:17:00 AM
#12
Quote from: flagpara on January 04, 2016, 08:09:10 AM
Well it should still double in fact, but on a VERY long trend, when new coins become more numerous than old one  Grin

As the halving will also mean less btc produced, it seems fair to say it will rise suddenly then keep going up and up. The halving will support the current up trend of btc

Indeed. this would only be true though if there was going to be more new coins than old but due to the fact that 15 million out of 21 have already been mined we will never have more new ones than old. So really any price increase is just pure speculation. Just perhaps people holding onto old ones.
flagpara
full member
Activity: 756
Merit: 100
Re: Block reward halving and BC price
January 04, 2016, 08:09:10 AM
#11
Well it should still double in fact, but on a VERY long trend, when new coins become more numerous than old one  Grin

As the halving will also mean less btc produced, it seems fair to say it will rise suddenly then keep going up and up. The halving will support the current up trend of btc
helloeverybody
legendary
Activity: 1008
Merit: 1000
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Re: Block reward halving and BC price
January 04, 2016, 06:53:25 AM
#10
I never really thought about it before but right enough, price shouldn't be expected to double because only mined coins are halfing although im still curious as to how it will affect price if at all. I suppose if we are looking at roughly 6 months till the halfing then 600-700 would be reasonable though i only expect around $500 even that might be a push, to me $500 stable with no danger of going down would not be too bad, probably disappointing for others though.
Amph
legendary
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Re: Block reward halving and BC price
January 04, 2016, 06:29:44 AM
#9
Quote from: flagpara on January 04, 2016, 06:20:54 AM
Quote from: Amph on January 04, 2016, 06:15:03 AM
due to diff increase, it will end up eventually in the +50% more range, so a 600-700 range is more correct than simply saying it will double

it will increase for sure, it is almost certain, it can not decrease because otherwise, always due to the diff miners will have no real profit

Well, I'm not saying you're wrong in any way, but saying "it can not decrease because otherwise, always due to the diff miners will have no real profit" is not a real argument, after all miners could stop making profit. That would just mean a fee increase or the end of btc  Grin

then sell your bitcoin because you're basically advocating for the died scenario of bitcoin,  there is no way that miners will leave all their peta for nothing, there is no bitcoin died scene for now

price must increase otherwise the diff will decrease, but seeing how all big farms run at 0.05 cent of electricity and have all roied on their previous equipments, who the hell will leave? none

flagpara
full member
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Merit: 100
Re: Block reward halving and BC price
January 04, 2016, 06:20:54 AM
#8
Quote from: Amph on January 04, 2016, 06:15:03 AM
due to diff increase, it will end up eventually in the +50% more range, so a 600-700 range is more correct than simply saying it will double

it will increase for sure, it is almost certain, it can not decrease because otherwise, always due to the diff miners will have no real profit

Well, I'm not saying you're wrong in any way, but saying "it can not decrease because otherwise, always due to the diff miners will have no real profit" is not a real argument, after all miners could stop making profit. That would just mean a fee increase or the end of btc  Grin
Amph
legendary
Activity: 3248
Merit: 1070
Re: Block reward halving and BC price
January 04, 2016, 06:15:03 AM
#7
due to diff increase, it will end up eventually in the +50% more range, so a 600-700 range is more correct than simply saying it will double

it will increase for sure, it is almost certain, it can not decrease because otherwise, always due to the diff miners will have no real profit
flagpara
full member
Activity: 756
Merit: 100
Re: Block reward halving and BC price
January 04, 2016, 06:12:48 AM
#6
Quote from: Matias on January 04, 2016, 06:04:39 AM
Quote from: flagpara on January 04, 2016, 05:53:19 AM
Ad the topic is talking about the halving, does anyone know when the halving will happen?

Block reward halving, not BC halving. Approximately 2016-07-18.

Thanks for the answer.
Well we have time, beginning of the year is always hard for btc price to with a bit of luck we should be able to stock a few coins at low price before the halving  Tongue
Matias
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Re: Block reward halving and BC price
January 04, 2016, 06:04:39 AM
#5
Quote from: flagpara on January 04, 2016, 05:53:19 AM
Ad the topic is talking about the halving, does anyone know when the halving will happen?

Block reward halving, not BC halving. Approximately 2016-07-18.
flagpara
full member
Activity: 756
Merit: 100
Re: Block reward halving and BC price
January 04, 2016, 05:53:19 AM
#4
Ad the topic is talking about the halving, does anyone know when the halving will happen?
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