By that, I mean even the halving of the block reward in 2020.
Topic: buy bitcoin by cost avraging it for the next 2 years (Read 2535 times)
All public information is usually priced in.
By that, I mean even the halving of the block reward in 2020.
By that, I mean even the halving of the block reward in 2020.
No doubt there are a few of us trying to front run the front runners of 2016. But we are few. I'm doing it but mainly because we're at the end of a 9 month bear cycle so as to get an amplifying effect.
Actually considering picking up a job in McDonalds at the weekends just to buy BTC with the entire wage, I feel it would pay out big time in the future.
I disagree with people already anticipating this "halving" situation. I've been following BTC for 2 years and investing in BTC for 1 year now. This is the first time I've read about it, and I've done a decent amount of research. Yes, within the loyal followers, but I still run into people (all the time) who haven't heard of BTC.
Anyone seriously into Bitcoin knows how Bitcoin gets it's value and thus the halving imo. Maybe it's because I started with mining.
Difficulty is also dynamic so, halving andless miners can cause difficulty to halve and thus maintaining current supply.
I disagree with people already anticipating this "halving" situation. I've been following BTC for 2 years and investing in BTC for 1 year now. This is the first time I've read about it, and I've done a decent amount of research. Yes, within the loyal followers, but I still run into people (all the time) who haven't heard of BTC.
Pretty sure Keiser and cia are happy to rack even more BTC from weak hands and confused people in general. I would like to think people have more balls to hold but it seems the BTC demographic is full of weako ass hands.
Whales like Max Keiser are ready to buy big time any sub 400 BTC, dont panic lol.
He should move that up to sub 500
Whales like Max Keiser are ready to buy big time any sub 400 BTC, dont panic lol.
the price is guaranteed to spike on and around August 2016, that's when the next block reward halving is scheduled to happen
That's priced in already. It's a known event, it will happen with 100 % certainty. Therefore it's already priced in one hundred percent.
Really? You give no credit that a failure in the time prior to the halving would cost quite a bit if it was fully priced in. Instead people's risk of failure and the halving are currently priced in. I suspect that just as the last halving was priced in in the six months or so prior to the last halving, there are people that will still buy in with a higher price and a lower risk sometime between now and the next having. This would imply that the next reward halving is not fully priced in.
Glad to see we're all on the same page. This is just the calm before the storm and I will be trying to load my wallet before these great prices our not available any more. I need to figure out a way to pickup more work as soon as possible!
the price is guaranteed to spike on and around August 2016, that's when the next block reward halving is scheduled to happen
That's priced in already. It's a known event, it will happen with 100 % certainty. Therefore it's already priced in one hundred percent.
If you anticipate there will be a spike in 2016, why not set aside a certain amount each month (say $20 - 24 X $20 = $480 - close enough to 1 BTC at the going rate) into a wallet on a computer or device you won't touch and in two years time when the chain of events are right, you can strike while the iron is hot.
Come on man, that is so boring. I want a LARGE btc position when that happens, not just a mediocre one.
lol, +1
If you anticipate there will be a spike in 2016, why not set aside a certain amount each month (say $20 - 24 X $20 = $480 - close enough to 1 BTC at the going rate) into a wallet on a computer or device you won't touch and in two years time when the chain of events are right, you can strike while the iron is hot.
Come on man, that is so boring. I want a LARGE btc position when that happens, not just a mediocre one.
If you anticipate there will be a spike in 2016, why not set aside a certain amount each month (say $20 - 24 X $20 = $480 - close enough to 1 BTC at the going rate) into a wallet on a computer or device you won't touch and in two years time when the chain of events are right, you can strike while the iron is hot.
yeah, i keep buying small chunks as deep into the 400's as i can every week. this is the time.
Although I am cursing this decline like I did with the one in 2011, they can be great wealth builders. I'm daytrading a seed capital into a nice btc position by constantly selling and buying back more btc with the proceeds. You have to be disciplined enough to continue doing this no matter what, but as long as bitcoin turns around at some point in the future you'll be sitting on a handsome profit 
Very legit. This is what im doing, cost averaging, putting some monthly, i know it will be worth it at the end. Haters will cry.
This.
+1
that's because miners are some of the biggest bitcoin to fiat sellers because they have to cover mining costs.
Does it mean once current minners becoming unprofitable because of increasing difficulty, the price has to rise?
I dont think so, I think the difficulty stop increasing instead (or slighly lowers).
Careful, that block halving is one of the most anticipated, and therefore priced in, things there are in the Bitcoin ecosystem! What's even worse is when there won't be a bubble, people will be disappointed and start to dump even more.
I am actually already hording for the halving of ~2020: only 6,25btc per block. So, already priced in? No, it will just go gradually up as before.
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