Exactly one year away from block halving

VirosaGITS

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Quote from: adaseb on August 05, 2015, 02:03:06 PM

What I am really worried about is that, most likely right before the halving the price will go up.

However,

In 8-9 what if Bitcoin drops down to like $50, or $100 per BTC. Then even if it doubles to $200 , we are all still at a loss.

Unless something major hit BTC i don't believe it can go that low, we found a lower level of minimal floor value, i think it can go lower than the one we last found, but not that low.

If something major do hit BTC, like a major failure with some humongous dump it might lower drastically but otherwise, why would it? The SUPPLY raise rate is getting halved, that will put upward pressure, not crash the price in half.

adaseb

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What I am really worried about is that, most likely right before the halving the price will go up.

However,

In 8-9 what if Bitcoin drops down to like $50, or $100 per BTC. Then even if it doubles to $200 , we are all still at a loss.

Amph

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Quote from: Glucose on August 03, 2015, 11:50:57 AM

I bet price will go to the moon (1-2 month before), then crash (1-2 weeks after), then go up but slowly (months following the halving)

I'm so excited about that. Let's wait 1 year guys Grin

Buy now and keep you bitcoin Cheesy

That's my advice

i'm more interested in the crash, if it will be something like 1200-200 or a partial crash, just to see the effect of a good rise, that might not be manipulated like the last one, on the market

surely wasting time with mining seems like a big gamble now that we are approaching the halving, the roi is too long

ingiltere

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We don't even know what price Bitcoin will have one month later. It's very hard to guess Bitcoin price next year, before block halving.
I guess mining equipment firms think that too. And they drive price up at some time before halving.

notlist3d

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Quote from: Glucose on August 03, 2015, 11:50:57 AM

I bet price will go to the moon (1-2 month before), then crash (1-2 weeks after), then go up but slowly (months following the halving)

I'm so excited about that. Let's wait 1 year guys Grin

Buy now and keep you bitcoin Cheesy

That's my advice

I think once we get close we will see a increase. But I do not think it will be to the extent many of us would like.

My biggest fear is what this will do to the mining sector. To cut 1/2 of it makes most home miners out of business. I'm afraid of it just being "free" power, and mainly by far big operations. Time will tell.

Glucose

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I bet price will go to the moon (1-2 month before), then crash (1-2 weeks after), then go up but slowly (months following the halving)

I'm so excited about that. Let's wait 1 year guys Grin

Buy now and keep you bitcoin Cheesy

That's my advice

VirosaGITS

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Quote from: philipma1957 on August 02, 2015, 05:37:12 PM

Quote from: ?? on ??

Think price will rise till halving and than it will go down a bit. There is so much speculation about the price. everyone will tell you "Buy Bitcoin before halving; it will rise" and than nothing special happens and everyone sells

Question is: When will halving be? With the new miners coming end of the year and early 2016 we will see halving much earlier I think

no we won't early 2016 would be before April 1st I doubt it. Much more likely July or June.

New gear no longer drives the diff rate price does.

Now if someone puts out a .1watt item that works well and sells lots of it I will be wrong.

But If I invented A .1 watt miner I would tell no one and keep it to myself.

The game has changed that this is what to do if you are the only builder of a clearly better miner. Don't sell it don't share it mine it.

Sadly that is what is indeed happening. It might not be .1, can be .4,.3... Goes on and on, but it does not matter. This cause the hashrate to be centralized and so the system isint as decentralized as it was meant to be.

I hope this trend will not continue but clearly, it might. It feel like most ASIC maker selling to public were driven out of business and now Bitmain doesn't even have that big of an incentive to sell efficient miners to the public, they can just sell their own used hardware.

You know, like;
https://www.bitmaintech.com/productDetail.htm?pid=00020150725135246063Xsvs9J9J06AE

philipma1957

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Quote from: ?? on ??

Think price will rise till halving and than it will go down a bit. There is so much speculation about the price. everyone will tell you "Buy Bitcoin before halving; it will rise" and than nothing special happens and everyone sells

Question is: When will halving be? With the new miners coming end of the year and early 2016 we will see halving much earlier I think

no we won't early 2016 would be before April 1st I doubt it. Much more likely July or June.

New gear no longer drives the diff rate price does.

Now if someone puts out a .1watt item that works well and sells lots of it I will be wrong.

But If I invented A .1 watt miner I would tell no one and keep it to myself.

The game has changed that this is what to do if you are the only builder of a clearly better miner. Don't sell it don't share it mine it.

VirosaGITS

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Quote from: Mickeyb on July 31, 2015, 10:22:54 AM

Quote from: Nexious on July 29, 2015, 10:40:31 PM

Definitely going to be interesting times next year, that's the great thing with Bitcoin no one knows what will happen.

Well there will be less coins available, so that's a good thing. But there will also be a lot of hype about this halving so I don't know. It might be like with Greece, I read many articles that we will surely double the price on Greek crisis just like it happened in Cyprus but then nothing happened. It might be the same with halving. You just never know with Bitcoin.

I think some people will buy/hold more before the halving, as you can see on the LTC, there's upward pressure, even tho it get dumped alot. Seem like mini pump and dump.

And then the supply will be lower so that should put a upward pressure.

But other things could happen to negate.

Mickeyb

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Move On !!!!!!

Quote from: Nexious on July 29, 2015, 10:40:31 PM

Definitely going to be interesting times next year, that's the great thing with Bitcoin no one knows what will happen.

Well there will be less coins available, so that's a good thing. But there will also be a lot of hype about this halving so I don't know. It might be like with Greece, I read many articles that we will surely double the price on Greek crisis just like it happened in Cyprus but then nothing happened. It might be the same with halving. You just never know with Bitcoin.

jbrnt

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Mining equipment price is destined to fall as mining revenue will be halved. Bitcoin price is expected to rise before the halving. The problem with these expectations is people are going to be used in a pump and dump scheme. Whales are going to pump bitcoin as high as they can get and then they excutive a small dump, recovery, then a massive dump.

I want to see bitcoin worth much higher than $300 as much as everyone. I don't want to be caught out by the "players". Be careful guys. Sad

Amph

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Quote from: Nexious on July 29, 2015, 10:40:31 PM

Definitely going to be interesting times next year, that's the great thing with Bitcoin no one knows what will happen.

90% it will rise especially because demand is a little stronger than supply for now, and even among altcoin the halving is a pre-announcement of an increase, let alone bitcoin

ezeminer

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Lie down. Have a cookie

Quote from: edonkey on July 29, 2015, 10:36:04 PM

Quote from: ezeminer on July 28, 2015, 08:54:15 AM

As the litecoin halving happened in the last month.

The litecoin price went up, but the halving hasn't happened yet. It's a little less than a month away.

Shhhh I did not just edit my post.

I think it will be interesting to see the hardware sales. As well as the exchange rates. I believe with financial news as well will push around prices a little.

Nexious

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Definitely going to be interesting times next year, that's the great thing with Bitcoin no one knows what will happen.

edonkey

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Quote from: ezeminer on July 28, 2015, 08:54:15 AM

As the litecoin halving happened in the last month.

The litecoin price went up, but the halving hasn't happened yet. It's a little less than a month away.

philipma1957

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Quote from: alh on July 28, 2015, 12:33:26 PM

Maybe Bitmain will deliver the "S2 Upgrade" by then.......

I would say LOL but I don't think that you are LOLing about that broken promise.

alh

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Maybe Bitmain will deliver the "S2 Upgrade" by then.......

audidean

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hi guys

ezeminer

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Lie down. Have a cookie

I feel as if the BTC price will be jumping on a larger scale compared to litecoin. As the litecoin halving is coming soon.

But I also feel that we will see the same things happen, it will peak then everyone will sell back to fiat.

notlist3d

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Quote from: valkir on July 28, 2015, 05:33:53 AM

Can't wait to see the price 1 or 2 month before halving. This is gonna be war in hell! Grin

It's going to get interesting that is for sure. I want to see what price does once we get closer.

I don't want to see what it will to do to mining, I'm afraid of havings effects there.

valkir

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Can't wait to see the price 1 or 2 month before halving. This is gonna be war in hell! Grin

adaseb

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According to:

http://bitcoinclock.com/

Reward-Drop ETA: 2016-07-27 22:29:58 UTC (52 weeks, 1 day, 19 hours, 40 minutes)

Which is exactly 1 year away. (One day off due to leap year)

With the difficulty most likely to keep increasing due to the higher BTC price, most likely it might take 10 or 11 months until the halving.

Not looking good for any hardware manufactures or people wanting to buy equipment, unless of course the price of BTC doubles by then.

Topic: Exactly one year away from block halving (Read 1931 times)