buy bitcoin by cost avraging it for the next 2 years - page 2.

kevin08

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Activity: 62

Merit: 10

Quote from: Wilhelm on September 05, 2014, 06:17:30 AM

Halving talk has been here for 6 months and I do believe some people have already bought coins as a sure rise around 2016 seems inevitable. I do hope l'm an early bird and the pump is yet to begin Grin

I have read quite a few halving talk posts here in the last few weeks. It's still a long way off though.

fallinglantern

sr. member

Activity: 260

Merit: 251

Quote from: Rakitich on September 05, 2014, 10:31:54 AM

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.

Rakitich

member

Activity: 70

Merit: 10

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.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: falllling on September 05, 2014, 06:42:20 AM

two years later end up with $0, lose everything

never going to happen, bitcoin can't touch zero at worst 10-50 dollars range, in 2016 the cost will rise for sure, because of the halving, i can bet my ass on that

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: Bitcopia on September 05, 2014, 10:04:18 AM

Quote from: blatchcorn on September 05, 2014, 06:01:21 AM

Quote from: Wilhelm on September 05, 2014, 05:56:09 AM

People will all think the same and try to get in earlier than the other people. Ergo no spike.

Yup.

The question is: How far in advance is this knowledge priced in?

This is only a portion of why block reward halving increases price.

The other portion is that people who are not at all interested in BTC right now will become interested later. Many of them after 2016. When they become interested, demand rises. Block reward halving reduces supply. We all are aware of what happens when supply is reduced right?

The people who are investing now are almost surely unlikely to price in ALL of the people who will invest post-2016.

great point. there will always be laggards.

even those trying to front run haven't gotten started yet. it's too soon and would fail to price in a possible sudden failure btwn now and then. unless one really understands all of Bitcoin's many facets in depth, most won't be buying now. except for some of us.

Bitcopia

hero member

Activity: 715

Merit: 500

Quote from: blatchcorn on September 05, 2014, 06:01:21 AM

Quote from: Wilhelm on September 05, 2014, 05:56:09 AM

People will all think the same and try to get in earlier than the other people. Ergo no spike.

Yup.

The question is: How far in advance is this knowledge priced in?

This is only a portion of why block reward halving increases price.

The other portion is that people who are not at all interested in BTC right now will become interested later. Many of them after 2016. When they become interested, demand rises. Block reward halving reduces supply. We all are aware of what happens when supply is reduced right?

The people who are investing now are almost surely unlikely to price in ALL of the people who will invest post-2016.

cypherdoc

legendary

Activity: 1764

Merit: 1002

i'm just slowly accumulating dips sub 500. sure, it could drop to the 300's at some point but that would be a final capitulation dump event, imo. it should be bought heavily if so and during the next rally sub 500's will look cheap. it's just that there has been a major turnover in coins the last 9 mo with all the selling that's been going on. that's good in my book as new hands will be stronger and more patient to experience their chance at a new ramp. i don't see any problems at all with the protocol and all the while Gavin and company are working on slow, measured improvements to the protocol and continuing to make contingency plans in case of an attack. nothing's changed in the real world economy. in fact, things have only gotten closer to a top in all markets. war may be near and lots of investors are going to lose alot of fiat as tensions rise or if war breaks out further. they'll all need a safe haven and Bitcoin is proving to be just that.

allintwo

newbie

Activity: 14

Merit: 0

I'm accumulating some coins just in case there will be a new bubble the next year or in 2016.

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Quote from: blatchcorn on September 05, 2014, 06:01:21 AM

Quote from: Wilhelm on September 05, 2014, 05:56:09 AM

People will all think the same and try to get in earlier than the other people. Ergo no spike.

Yup.

The question is: How far in advance is this knowledge priced in?

Since were already talking about it, maybe its already priced in?

Robert Paulson

sr. member

Activity: 448

Merit: 250

bitcoin will never be worth 0.
i guarantee I'll buy all 21 million for 0.001$ per bitcoin (even with today's USD purchasing power)

falllling

member

Activity: 112

Merit: 10

two years later end up with $0, lose everything

Robert Paulson

sr. member

Activity: 448

Merit: 250

Quote from: Wilhelm on September 05, 2014, 06:17:30 AM

Halving talk has been here for 6 months and I do believe some people have already bought coins as a sure rise around 2016 seems inevitable.

a small minority, most sheeple won't wake up to the cut to supply until at least 2015 and the most ignorant will wake up at 2016 when it will be discussed once a week.
that's when the rush to buy will really start driving the price to the moon.

Wilhelm

legendary

Activity: 1652

Merit: 1265

Halving talk has been here for 6 months and I do believe some people have already bought coins as a sure rise around 2016 seems inevitable. I do hope l'm an early bird and the pump is yet to begin Grin

Robert Paulson

sr. member

Activity: 448

Merit: 250

i doubt its priced in right now, no one thinks "i better buy my bitcoins today because in 2016 the supply will drop", people are focused on more recent events.

blatchcorn

sr. member

Activity: 952

Merit: 281

Quote from: Wilhelm on September 05, 2014, 05:56:09 AM

People will all think the same and try to get in earlier than the other people. Ergo no spike.

Yup.

The question is: How far in advance is this knowledge priced in?

Wilhelm

legendary

Activity: 1652

Merit: 1265

People will all think the same and try to get in earlier than the other people. Ergo no spike.

Robert Paulson

sr. member

Activity: 448

Merit: 250

the price is guaranteed to spike on and around August 2016, that's when the next block reward halving is scheduled to happen (http://bitcoinclock.com/).
this will cut the supply of bitcoins on fiat-btc exchanges sharply driving the price up, likely above the average of the next 2 years.
that's because miners are some of the biggest bitcoin to fiat sellers because they have to cover mining costs.

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