Gentlemen, i think it's safe to say we're the new halving elite - page 2.

Amph

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Quote from: zby on October 20, 2015, 04:08:00 AM

The halving in LTC does not inspire much hope for bitcoin. There was some nice anticipation rally - but the halving itself did not stop the crash and looks like it will not get it back high neither.

has brought a x2 anyway in price, and it was a different halving, from 50 to 25, so miners should've a bigger margin in profit, vs 25 to 12.5

for this i think the bitcoin halving that it is coming should have a better impact on the price

pattu1

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Quote from: r0ach on October 20, 2015, 05:37:07 AM

Quote from: bitebits on October 20, 2015, 05:03:13 AM

And it did work for LTC. It went from 1 dollar, to 8 dollar, to 3 dollar. So the price ~~more than doubled~~ tripled even after the halving bubble deflated.

I was expecting $400 from Bitcoin halving, but I'll take $600. There was always the chance of when the media reports Bitcoin is up 50% from halving it creates a new bubble anyway.

Yup, these kind of reports create a self-fulfilling prophecy.
The run up in 2013 was partly driven by such reports. So we can expect a lot more excitement closer to the reward halving time.

r0ach

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Quote from: bitebits on October 20, 2015, 05:03:13 AM

And it did work for LTC. It went from 1 dollar, to 8 dollar, to 3 dollar. So the price ~~more than doubled~~ tripled even after the halving bubble deflated.

I was expecting $400 from Bitcoin halving, but I'll take $600. There was always the chance of when the media reports Bitcoin is up 50% from halving it creates a new bubble anyway.

bitebits

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Flippin' burgers since 1163.

Quote from: zby on October 20, 2015, 04:58:37 AM

Quote from: r0ach on October 20, 2015, 04:13:03 AM

Quote from: zby on October 20, 2015, 04:08:00 AM

The halving in LTC does not inspire much hope for bitcoin. There was some nice anticipation rally - but the halving itself did not stop the crash and looks like it will not get it back high neither.

Probably because most people in the altcoin section don't believe Litecoin's market cap is warranted compared to other alts? Litecoin price has nothing to do with Bitcoin price. Litecoin could easily go to 1/10th of it's value while Bitcoin goes to 10x it's current value. There's nothing to compare between the two.

The mechanism of halving is the same in bitcoin and in litecoin - if it did not work for LTC then it will not work for BTC.

And it did work for LTC. It went from 1 dollar, to 8 dollar, to 3 dollar. So the price ~~more than doubled~~ tripled even after the halving bubble deflated.

zby

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Quote from: r0ach on October 20, 2015, 04:13:03 AM

Quote from: zby on October 20, 2015, 04:08:00 AM

The halving in LTC does not inspire much hope for bitcoin. There was some nice anticipation rally - but the halving itself did not stop the crash and looks like it will not get it back high neither.

Probably because most people in the altcoin section don't believe Litecoin's market cap is warranted compared to other alts? Litecoin price has nothing to do with Bitcoin price. Litecoin could easily go to 1/10th of it's value while Bitcoin goes to 10x it's current value. There's nothing to compare between the two.

The mechanism of halving is the same in bitcoin and in litecoin - if it did not work for LTC then it will not work for BTC.

r0ach

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Quote from: zby on October 20, 2015, 04:08:00 AM

The halving in LTC does not inspire much hope for bitcoin. There was some nice anticipation rally - but the halving itself did not stop the crash and looks like it will not get it back high neither.

Probably because most people in the altcoin section don't believe Litecoin's market cap is warranted compared to other alts? Litecoin price has nothing to do with Bitcoin price. Litecoin could easily go to 1/10th of it's value while Bitcoin goes to 10x it's current value. There's nothing to compare between the two.

zby

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The halving in LTC does not inspire much hope for bitcoin. There was some nice anticipation rally - but the halving itself did not stop the crash and looks like it will not get it back high neither.

r0ach

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The shorts tried and failed, didn't go below 260. I've been to the mountain top and I've seen the coming of the glory of the coin and this is what it said:

http://www.youtube.com/watch?v=cF4ZTcuhixc

r0ach

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Quote from: futureofbitcoin on October 16, 2015, 11:32:15 PM

Average joes are stupid, they don't have an opinion. And you can certainly bet that they won't suddenly start buying bitcoins when the halving comes.

The only purpose of Bitcoin is a hedge against legacy financial systems imploding. If they were stable and functioned, there would be no reason to switch. Since the legacy financial systems are mathematically doomed, a good bit of transfer of wealth is likely to move to Bitcoin. You're basically front running the transfer before the average Joe is forced to change, like in Venezuela how they became super interested in Bitcoin as their currency implodes.

futureofbitcoin

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Quote from: Amph on October 16, 2015, 01:42:00 PM

Quote from: futureofbitcoin on October 10, 2015, 05:03:04 PM

Quote from: Denker on October 09, 2015, 08:07:36 AM

So what is overpriced for you? The actual price we are dealing with?
A price of $500-$600?
There is no answer to that imo. What you consider as too expensive might be a cheap and good entry point for others.

The point isn't what I think is overpriced or what YOU think is overpriced. I think bitcoin can be worth $200,000 and not be overpriced.

But what matters is what the WORLD thinks is overpriced, and currently, it seems they think $300+ is overpriced.

Bitcoin's demand is a function of the price point it's at.

i don't believe this is the reason why average joe are not buying bitcoin

the reason are more to do with its instability(1200-200 that happened) and general security, about losing their coins too easy, for whatever reason

i say this because when there was the 1200 run up, many and many normal traders or even big noobs, were buying at prices like 400-600-800-1200 etc...without even thinking

Average joes are stupid, they don't have an opinion. And you can certainly bet that they won't suddenly start buying bitcoins when the halving comes.

Dilla

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yes, we are still at the bottom long term

fearlesscat10

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You guys really think so? Undecided

I was hoping to buy more coins before the rise. Would it still be okay to buy now?

jubalix

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halving can really have only a minimal effect, as it is priced in, being completely known.

I think what happens is over shoot just before, under shoot at time of, then goes up a few months later as the realization dawns there's just so much less BTC around.

r0ach

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Quote from: ?? on ??

Quote from: r0ach on October 04, 2015, 05:06:35 AM

In the past four years, there's probably never been a safer time to hold Bitcoin than now.

Let's talk about that in a few days Grin

Ok, it's been a few days.

Next stop $400, although it will probably take months.

Amph

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Quote from: futureofbitcoin on October 10, 2015, 05:03:04 PM

Quote from: Denker on October 09, 2015, 08:07:36 AM

So what is overpriced for you? The actual price we are dealing with?
A price of $500-$600?
There is no answer to that imo. What you consider as too expensive might be a cheap and good entry point for others.

The point isn't what I think is overpriced or what YOU think is overpriced. I think bitcoin can be worth $200,000 and not be overpriced.

But what matters is what the WORLD thinks is overpriced, and currently, it seems they think $300+ is overpriced.

Bitcoin's demand is a function of the price point it's at.

i don't believe this is the reason why average joe are not buying bitcoin

the reason are more to do with its instability(1200-200 that happened) and general security, about losing their coins too easy, for whatever reason

i say this because when there was the 1200 run up, many and many normal traders or even big noobs, were buying at prices like 400-600-800-1200 etc...without even thinking

pattu1

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Quote from: YuginKadoya on October 16, 2015, 07:24:38 AM

Quote from: pattu1 on October 14, 2015, 09:49:00 AM

Yup, even in hindsight, we cannot calculate what the effect of the block halving was (because so many factors influence price).
So, trying to predict is futile.

Yup it is very futile to predict now, it doesn't make sense even if you said it will increase or derease or just stay the same but it is just a suggestion on what will happen in the coming halving of bitcoin, suggesting something isn't gonna hurt no body right?

Nope, it won't hurt anybody.
The uptrend seems to have begun. I am not letting go of my coins till after the halving.

YuginKadoya

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Quote from: pattu1 on October 14, 2015, 09:49:00 AM

Yup, even in hindsight, we cannot calculate what the effect of the block halving was (because so many factors influence price).
So, trying to predict is futile.

Yup it is very futile to predict now, it doesn't make sense even if you said it will increase or derease or just stay the same but it is just a suggestion on what will happen in the coming halving of bitcoin, suggesting something isn't gonna hurt no body right?

Biodom

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halving elite...lol
there is or will ever be just enough bitcoin for each person on earth to have 0.003 BTC (3000 millibits)
there is or will ever be just enough bitcoin for each person in OECD countries to have 0.017 BTC (currently ~$4) if non-OECD countries have none (very unlikely)

Ponder this, then come back and ponder it again.

It will be either something close to zero/BTC or a VERY large number (btc price) in 20 years.

jtalk

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I will do agree that it is safe and sure to say all those including me will be part of new halving elite who hold their bitcoins.There will be a steady increase till halving and after halving we will see a speedy increase which is obvious to be.

DieJohnny

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If anyone doesn't think halving will create huge price pressure, please sell me your btc now.

There is such a thing as predicting, and if you do it right you will pay for your house in a hurry. The price is going to go up. period.

Do yourselves a favor, save your future self from jumping out of that 40 story building and secure your financial future now while a single bitcoin is still within your reach.

Bitcoin has been down or sideways for two years and I buy more every single chance I get. Because the 10 year-in-the-future version of me will hate me if I don't.

Topic: Gentlemen, i think it's safe to say we're the new halving elite - page 2. (Read 7594 times)