Buy and Hold Bitcoin untill next halving time

BillyBobZorton

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Quote from: malaimult on December 08, 2014, 10:22:33 PM

Quote from: Possum577 on December 07, 2014, 03:34:25 PM

Quote from: faince222 on October 18, 2014, 12:28:51 PM

Good thing. I advice all of my friends which has some bitcoin to hold and sell in 2016, when there will be the halving and surely price will increase up ! I'm in permanent hold phase because I love bitcoin

Words like "surely", "definitely", and "price going to double" mean nothing - they have no fact and little analysis behind them. It's pure speculation. And if you read posts from June of this year you'll find a bunch of people claiming that BTC is "surely", "definitely" going to increase by the end of 2014. What's happened in the last half of 2014? The price has dropped in half.

The halving of BTC mining presents a good idea to further explore as it get's closer to 2016 but NO ONE should be declaring the idea puts any certainty on price increases.

Businesses are adopting Bitcoin as a payment option so they can appeal to more buyers, but they aren't then holding their Bitcoin and using it buy the goods and services they need, they're exchanging it immediately to fiat currency - which is more stable and universally accepted. This immediate selling of Bitcoin supports the downward pressure and keeps prices for Bitcoin low and stable.

I agree. I don't think most of the supply of bitcoin on the market is from the miners. A greater share of the new supply is from merchants who are selling their bitcoin they received from their customers. I would say it would be more accurate to say that once we see more b2b bitcoin payments that the price will increase.

I think that many people who are long term bulls aka permabulls aka people who are hodling would put some value into "surely" as this is what they think will happen

There is a big supply of bitcoin in the hands of goverment from raiding places like Silk Road too that gets put in the market eventually.

BitmoreCoin

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b2b BTC transaction is important to the rise of BTC price. So is the adoption.

malaimult

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Quote from: Possum577 on December 07, 2014, 03:34:25 PM

Quote from: faince222 on October 18, 2014, 12:28:51 PM

Good thing. I advice all of my friends which has some bitcoin to hold and sell in 2016, when there will be the halving and surely price will increase up ! I'm in permanent hold phase because I love bitcoin

Words like "surely", "definitely", and "price going to double" mean nothing - they have no fact and little analysis behind them. It's pure speculation. And if you read posts from June of this year you'll find a bunch of people claiming that BTC is "surely", "definitely" going to increase by the end of 2014. What's happened in the last half of 2014? The price has dropped in half.

The halving of BTC mining presents a good idea to further explore as it get's closer to 2016 but NO ONE should be declaring the idea puts any certainty on price increases.

Businesses are adopting Bitcoin as a payment option so they can appeal to more buyers, but they aren't then holding their Bitcoin and using it buy the goods and services they need, they're exchanging it immediately to fiat currency - which is more stable and universally accepted. This immediate selling of Bitcoin supports the downward pressure and keeps prices for Bitcoin low and stable.

I agree. I don't think most of the supply of bitcoin on the market is from the miners. A greater share of the new supply is from merchants who are selling their bitcoin they received from their customers. I would say it would be more accurate to say that once we see more b2b bitcoin payments that the price will increase.

I think that many people who are long term bulls aka permabulls aka people who are hodling would put some value into "surely" as this is what they think will happen

botany

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Quote from: Martijnvdc on December 07, 2014, 04:51:26 AM

Holding bitcoin is pretty much the strategy i been using all this time...
Also, i think it's way too early to speculate on Q1 2016. The price of bitcoin is way too dynamic to assume it's best to hold right now, the price may still drop further.

Best to hold right now. I will definitely wait until the next halving before thinking of selling my bitcoins. 2016 isn't that far away now.

Amph

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Quote from: Oscilson on December 07, 2014, 07:07:13 AM

The difficulty looks like to drop again.

well the price isn't dropping, that diff drop is releated to the 240 price, remember that driff drop take some time is not instant at all...

1Referee

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Quote from: Oscilson on December 07, 2014, 07:07:13 AM

The difficulty looks like to drop again.

There are still nearly 10 days before next difficulty adjustment.

Quote from: bitcoinmining on December 06, 2014, 07:22:52 PM

I'm not sure about the right time for buying, maybe in the first quarter of 2015 we can have better opportunities to buy. If the subject is BTC nobody knows what will happen next

Just buy whenever you think the time is right, at this point buying isn't that bad.

Don't wait too long, before you know the price will go up.

Possum577

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Loose lips sink sigs!

Quote from: faince222 on October 18, 2014, 12:28:51 PM

Good thing. I advice all of my friends which has some bitcoin to hold and sell in 2016, when there will be the halving and surely price will increase up ! I'm in permanent hold phase because I love bitcoin

Words like "surely", "definitely", and "price going to double" mean nothing - they have no fact and little analysis behind them. It's pure speculation. And if you read posts from June of this year you'll find a bunch of people claiming that BTC is "surely", "definitely" going to increase by the end of 2014. What's happened in the last half of 2014? The price has dropped in half.

The halving of BTC mining presents a good idea to further explore as it get's closer to 2016 but NO ONE should be declaring the idea puts any certainty on price increases.

Businesses are adopting Bitcoin as a payment option so they can appeal to more buyers, but they aren't then holding their Bitcoin and using it buy the goods and services they need, they're exchanging it immediately to fiat currency - which is more stable and universally accepted. This immediate selling of Bitcoin supports the downward pressure and keeps prices for Bitcoin low and stable.

Oscilson

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The difficulty looks like to drop again.

Martijnvdc

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Holding bitcoin is pretty much the strategy i been using all this time...
Also, i think it's way too early to speculate on Q1 2016. The price of bitcoin is way too dynamic to assume it's best to hold right now, the price may still drop further.

bitcoinmining

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I'm not sure about the right time for buying, maybe in the first quarter of 2015 we can have better opportunities to buy. If the subject is BTC nobody knows what will happen next

xcapator

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Here I Am !!

Quote from: FlyForFun on October 25, 2014, 09:20:12 PM

Have been telling my self to hold until next halving, but bitcoin price have been dropping every since...

btc soon halving which means, current price is the greatest bullshit whales are trying to pull, hoping noobs are selling to them, if you are not buying right now then you dont know anything about crypto

FlyForFun

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Have been telling my self to hold until next halving, but bitcoin price have been dropping every since...

BootstrapCoinDev

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Quote from: RappelzReborn on October 23, 2014, 10:57:52 AM

I really joined bitcoin world just recently , would like to get some advices
I only have 20$ BTC worth at the moment , should I buy at least 1 BTC and hold it ? the price will rise for sure in the future ?

Sell most of it (like 75-80%), hold a small fraction in Bitcoin, STOP GAMBLING on exchanges and just wait. If you're lucky Bitcoin might go back up enough for you to recover and multiply the funds.

RappelzReborn

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Quote from: zyzzbrah on October 25, 2014, 11:54:47 AM

Quote from: RappelzReborn on October 23, 2014, 10:57:52 AM

I really joined bitcoin world just recently , would like to get some advices
I only have 20$ BTC worth at the moment , should I buy at least 1 BTC and hold it ? the price will rise for sure in the future ?

Indeed, 1 BTC and save it so you don't have to kill yourself in a decade or 2. Any price below 1K dollar is a cheap Bitcoin if you look at 10+ year range.

I only have 17 years old Grin

so I guess I'am young and I can wait (if I didn't die)

zyzzbrah

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Quote from: RappelzReborn on October 23, 2014, 10:57:52 AM

I really joined bitcoin world just recently , would like to get some advices
I only have 20$ BTC worth at the moment , should I buy at least 1 BTC and hold it ? the price will rise for sure in the future ?

Indeed, 1 BTC and save it so you don't have to kill yourself in a decade or 2. Any price below 1K dollar is a cheap Bitcoin if you look at 10+ year range.

faince222

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Quote from: kolloh on October 23, 2014, 08:39:18 PM

Yeah I am curious to see how the halving will affect the price and the supply/demand for bitcoins. It will definitely have an impact on the miners so we will see some changes for sure.

Yes, surely. But I don't think that price will have a great rising, just rise from 30-40%, not else. But I'm so curious to see what will happen !

kolloh

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Yeah I am curious to see how the halving will affect the price and the supply/demand for bitcoins. It will definitely have an impact on the miners so we will see some changes for sure.

Erdogan

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Quote from: RappelzReborn on October 23, 2014, 10:57:52 AM

I really joined bitcoin world just recently , would like to get some advices
I only have 20$ BTC worth at the moment , should I buy at least 1 BTC and hold it ? the price will rise for sure in the future ?

Not certain, but close enough. Buy and hold.

Erdogan

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Quote from: Katarina on October 23, 2014, 08:29:28 AM

Quote from: goldsun on October 22, 2014, 01:53:51 PM

I don't understand what will happen in the next halving time. Will it be harder to mine, which means less bitcoins produced and that will drive up the btc price?

Yup, this should be it, price going double..

Basically, no. Price comes first from the minds of the individuals (us), mining cost will fall in line. When block reward goes to 12.5 BTC/block, the cost of mining a block will eventually also be 12.5 BTC.

zoukenn

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there are some people that i know which has sold all of their bitcoin and other people (many part) which is waiting the halving time in 2016. for me it is good to wait, now price is too low for sell.

Topic: Buy and Hold Bitcoin untill next halving time (Read 9936 times)