Everyone is hyping about bitcoin price in 2016 - page 2.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: GermanGiant on April 25, 2016, 12:03:49 PM

Quote from: romero121 on April 25, 2016, 11:45:25 AM

Bitcoin hype is due to the halving within the mid of this year. Now from the past week the price is increasing continuously, this also makes users hype more about this year.

The question is what will happen after the halving is done ? Will bitcoin fall sharp ?

it will all come down to how the rise is. people have been hyping about halving and a big rise (a bubble) for over six months now, but the price of bitcoin has been rising gradually from the lowest price of $190 to the current $450 and as we can see now, the fall backs are only temporary and small because of panic sells. so that would be the same in the future too.

romero121

legendary

Activity: 3234

Merit: 1214

Casinopunkz - Anonymous Crypto Casino

Quote from: GermanGiant on April 25, 2016, 12:03:49 PM

Quote from: romero121 on April 25, 2016, 11:45:25 AM

Bitcoin hype is due to the halving within the mid of this year. Now from the past week the price is increasing continuously, this also makes users hype more about this year.

The question is what will happen after the halving is done ? Will bitcoin fall sharp ?

If the price goes very high on halving, sure there will be gradual fall in price. But this won't be a sharp fall. Price will get stabilized after a certain fall of price.

GermanGiant

hero member

Activity: 784

Merit: 501

Quote from: 1Referee on April 27, 2016, 03:09:05 AM

Quote from: fricircled on April 27, 2016, 02:53:46 AM

Quote from: bitebits on April 25, 2016, 01:09:36 PM

Quote from: Swisk on April 14, 2016, 01:58:11 PM

It seems like a very common rhetoric that the price is bound to increase, but somebody has to be thinking the opposite otherwise the price would have ballooned already.

I'm interested in hearing the argument against the price increase.

Even though the daily new supply of bitcoins gets reduced by 50%, the total amount of existing bitcoins increases. This dilutes the price per bitcoin, if there is no new demand.

In other words, Bitcoin is still inflationary even though inflation gets cut in half (to a more healthy ~4%).

The new demand is the key to the success of bitcoin. We need to find more users for the bitcoin. I use bitcoin.

It takes time to get more people on board to use Bitcoin. We can't force people to join us, but we can show them how they can benefit from it. Then they can choose whether or not to join.

Telling them about real world uses like Purse.io for Amazon discount or Foldapp.com for Starbucks discount may do the wonder...

Amph

legendary

Activity: 3248

Merit: 1072

Quote from: bitebits on April 25, 2016, 01:09:36 PM

Quote from: Swisk on April 14, 2016, 01:58:11 PM

It seems like a very common rhetoric that the price is bound to increase, but somebody has to be thinking the opposite otherwise the price would have ballooned already.

I'm interested in hearing the argument against the price increase.

Even though the daily new supply of bitcoins gets reduced by 50%, the total amount of existing bitcoins increases. This dilutes the price per bitcoin, if there is no new demand.

In other words, Bitcoin is still inflationary even though inflation gets cut in half (to a more healthy ~4%).

yeah but the point it that miners will dump less on the market, so if the demand stay the same the price should increase as a consequence of less dumping, this will not count the hype and everythign else concerning the halving

this si the possible minimum increase

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: fricircled on April 27, 2016, 02:53:46 AM

Quote from: bitebits on April 25, 2016, 01:09:36 PM

Quote from: Swisk on April 14, 2016, 01:58:11 PM

It seems like a very common rhetoric that the price is bound to increase, but somebody has to be thinking the opposite otherwise the price would have ballooned already.

I'm interested in hearing the argument against the price increase.

Even though the daily new supply of bitcoins gets reduced by 50%, the total amount of existing bitcoins increases. This dilutes the price per bitcoin, if there is no new demand.

In other words, Bitcoin is still inflationary even though inflation gets cut in half (to a more healthy ~4%).

The new demand is the key to the success of bitcoin. We need to find more users for the bitcoin. I use bitcoin.

It takes time to get more people on board to use Bitcoin. We can't force people to join us, but we can show them how they can benefit from it. Then they can choose whether or not to join.

fricircled

full member

Activity: 201

Merit: 100

Quote from: bitebits on April 25, 2016, 01:09:36 PM

Quote from: Swisk on April 14, 2016, 01:58:11 PM

It seems like a very common rhetoric that the price is bound to increase, but somebody has to be thinking the opposite otherwise the price would have ballooned already.

I'm interested in hearing the argument against the price increase.

Even though the daily new supply of bitcoins gets reduced by 50%, the total amount of existing bitcoins increases. This dilutes the price per bitcoin, if there is no new demand.

In other words, Bitcoin is still inflationary even though inflation gets cut in half (to a more healthy ~4%).

The new demand is the key to the success of bitcoin. We need to find more users for the bitcoin. I use bitcoin.

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: Swisk on April 14, 2016, 01:58:11 PM

It seems like a very common rhetoric that the price is bound to increase, but somebody has to be thinking the opposite otherwise the price would have ballooned already.

I'm interested in hearing the argument against the price increase.

Even though the daily new supply of bitcoins gets reduced by 50%, the total amount of existing bitcoins increases. This dilutes the price per bitcoin, if there is no new demand.

In other words, Bitcoin is still inflationary even though inflation gets cut in half (to a more healthy ~4%).

GermanGiant

hero member

Activity: 784

Merit: 501

Quote from: romero121 on April 25, 2016, 11:45:25 AM

Bitcoin hype is due to the halving within the mid of this year. Now from the past week the price is increasing continuously, this also makes users hype more about this year.

The question is what will happen after the halving is done ? Will bitcoin fall sharp ?

romero121

legendary

Activity: 3234

Merit: 1214

Casinopunkz - Anonymous Crypto Casino

Bitcoin hype is due to the halving within the mid of this year. Now from the past week the price is increasing continuously, this also makes users hype more about this year.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: Altynbekova on April 25, 2016, 09:04:16 AM

Yeah this is something that I noticed to, everybody is excited about the Bitcoin prices in 2016. The price is not still climbing so that is a good thing but why people are hyping so much is something I do not understand.

Research - Block reward halving & you will see!

Altynbekova

sr. member

Activity: 476

Merit: 250

Yeah this is something that I noticed to, everybody is excited about the Bitcoin prices in 2016. The price is not still climbing so that is a good thing but why people are hyping so much is something I do not understand.

fricircled

full member

Activity: 201

Merit: 100

Quote from: LoveUJack on April 22, 2016, 01:27:26 PM

Quote from: sidrab14 on April 16, 2016, 09:31:50 AM

Everyone is hyping yes, but its true about the price, price will rise and everyone is excited to make profit.

If everyone dumps being excited, then it would be a huge crash.

Not every one will dump. I think the future of bitcoin is very bright. I will buy some when the price is lower.

OrangeII

hero member

Activity: 2198

Merit: 503

Popkitty.io - Blockchain Social Media

Quote from: LoveUJack on April 22, 2016, 01:27:26 PM

Quote from: sidrab14 on April 16, 2016, 09:31:50 AM

Everyone is hyping yes, but its true about the price, price will rise and everyone is excited to make profit.

If everyone dumps being excited, then it would be a huge crash.

you're right, but it may be due to halving. halving will probably happen in 2016 in addition to the price of bitcoin currently riding slowly, this proves that the price of bitcoin still continues and has not yet reached its highest price

LoveUJack

member

Activity: 83

Merit: 17

Quote from: sidrab14 on April 16, 2016, 09:31:50 AM

Everyone is hyping yes, but its true about the price, price will rise and everyone is excited to make profit.

If everyone dumps being excited, then it would be a huge crash.

beduku22

newbie

Activity: 42

Merit: 0

Quote from: HarryKPeters on April 19, 2016, 04:57:38 AM

Yes everyone is hyping about it and I think its logical that they are hyping about it because the price is gonna rise most likely due to the halving that is coming this year in July/June.
There is a big chance the price will rise to a higher amount and there are even people saying that its gonna reach a record height for the bitcoin itself.
If this happen it would be very good for the popularity but also for us all to make profit of course.

It will rise even after the Halving. Because people will realise that the amount of BTC is limited. And also, there will be another halving approaching and so on.

HarryKPeters

hero member

Activity: 896

Merit: 1000

Live Stars - Adult Streaming Platform

Yes everyone is hyping about it and I think its logical that they are hyping about it because the price is gonna rise most likely due to the halving that is coming this year in July/June.
There is a big chance the price will rise to a higher amount and there are even people saying that its gonna reach a record height for the bitcoin itself.
If this happen it would be very good for the popularity but also for us all to make profit of course.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: AsaroUk on April 19, 2016, 04:21:11 AM

The most people are hoping that the value will be more worth of course because they want to make profit with it and that is logic and the main reason that they bought.
But you see that the halving is coming and that would be nice for the people who already have Bitcoin so they can maybe sell it later after the halving, but you never know.

Speculation is right now Bitcoin's biggest network effect.
Some do it on short term, others on a long term.
Being in for long is having the advantage that whatever is happening due to halving shouldn't really bother you.
But of course everyone will have a smile on his face if Bitcoin should rise in value.

AsaroUk

sr. member

Activity: 364

Merit: 250

The most people are hoping that the value will be more worth of course because they want to make profit with it and that is logic and the main reason that they bought.
But you see that the halving is coming and that would be nice for the people who already have Bitcoin so they can maybe sell it later after the halving, but you never know.

KennyR

hero member

Activity: 2310

Merit: 532

DGbet.fun - Crypto Sportsbook

Quote from: Wapinter on April 17, 2016, 04:23:19 PM

Quote from: greghansel89 on April 14, 2016, 06:41:04 AM

Quote from: codehtcmail on April 14, 2016, 06:31:51 AM

I am one of those who believe that after halving the price of Bitcoin will go up, but I don't think anyone can tell by how much.

Yes no one can really tell what will the price be but it will certainly go up thats what we are all waiting for.

We are already into 4th month of 2016 and there is no considerable increase in bitcoin price.I think we will hear some good news at the end of year

I don't think much about this. But hyping of price is completely due to the speculations and predictions put forth by most of the users.

Wapinter

legendary

Activity: 2688

Merit: 1026

Hire me for Bounty Management

Quote from: greghansel89 on April 14, 2016, 06:41:04 AM

Quote from: codehtcmail on April 14, 2016, 06:31:51 AM

I am one of those who believe that after halving the price of Bitcoin will go up, but I don't think anyone can tell by how much.

Yes no one can really tell what will the price be but it will certainly go up thats what we are all waiting for.

We are already into 4th month of 2016 and there is no considerable increase in bitcoin price.I think we will hear some good news at the end of year

Topic: Everyone is hyping about bitcoin price in 2016 - page 2. (Read 10723 times)