Getting closer to Halving but .. no increase ?

d5000

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Quote from: thejaytiesto on May 29, 2016, 02:41:49 PM

The reason Bitcoin is going up is due china being aware on Bitcoin in 2016, knowing that it's the best option to move capital out from their increasingly oppressive country + the fundamentals of Bitcoin looking better than ever due the technical improvements like segwit and sidechains really soon + altcoins proving that they are not real competition to Bitcoin.

Yea, the first theory (China) seems to have various supporters. I still think the speculation on the Halving event has a stronger effect on the actual price increase.

Your second statement is right. Bitcoin is coming out of a little "depression" because of the XT/Core/Classic flamewar. That helps the price to increase, and that's also the reason why I think that we'll never see $300 again (at least in the next years).

But I don't agree at all with your third statement. I'm not an Ethereum supporter (nor do I have some), but from 2013 on, there was never an altcoin that had more than 10% of Bitcoin's market cap (MAYBE Litecoin for a few hours on November 28, 2013) until the actual Ethereum hype. Even if that may be a temporary bubble, it's easy to see on CMC that altcoins' importance is growing.

However, Bitcoin will continue to lead the field at least one, two years more. Then I cannot guarantee for nothing Wink

GermanFoobla

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Quote from: OmegaStarScream on March 21, 2016, 12:04:39 PM

Is it normal ? I wasn't here when the old halving block rewards happened before so I'm not sure how things work exactly but logically ... should we see a price increase (at least little bit) since we are getting closer and closer ?

Yeah it is logic for the price is increase before the halving is going to star because that keeps the price somewhat in balance. If there is no price rise then the halving is going to bring the price so low again.

apriyoni

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Quote from: Dekker3D on May 31, 2016, 04:35:22 AM

BTC is still at $540 though so it is a good price. Just wondering if the price will slide because the whales could be just baiting us to buy then they'll sell. Once the price dips again, they will buy again.

There is such a possibility. But in the long run, the bitcoin price will rise. As long as you do not sell, it is fine.

Dekker3D

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BTC is still at $540 though so it is a good price. Just wondering if the price will slide because the whales could be just baiting us to buy then they'll sell. Once the price dips again, they will buy again.

Etaren

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Quote from: randy8777 on March 22, 2016, 01:32:11 PM

Quote from: irsykes on March 22, 2016, 01:23:34 PM

Quote from: randy8777 on March 22, 2016, 01:09:35 PM

just have patience and all will be good. i think the real action will start 1 month or maybe 2 weeks before the block halving gets completed. we can't do anything other than waiting for the big boys to start pumping the price. i am sure all will come from china.

is that really if price will go up when halving come? some people who hold their bitcoin must be want to dump their coins, but who will gonna buy if more people want to sell ?

well, the price is expected to go up while we are coming closer and closer to the block halving. people that have been buying their coins at current prices and when it was sub $400 will most likely secure profits just before or just after the halving. people who are willing to enter the market at that time will put up buy orders at various price levels. and these people end up buying the coins that people are selling.

As you can see now you see that the halving will be not that good for us and that is because the value is not rising now and that is quite bad for the most people who already is using Bitcoin so please have patience. There is a higher chance that you have to wait a longer time until the value will be more and that we can make some profit with it.

dinda22

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Quote from: richardsNY on May 29, 2016, 03:12:55 PM

Quote from: dinda22 on May 29, 2016, 11:02:03 AM

halving still about one month more, but it seems today prices are rising fast enough. I believe this is the effect of halving, and could not imagine when later approached halving prices could increase about $550-600

All things that are happening right now with the price are all due to the upcoming block halving. A few minutes ago I wrote a post telling that the price touched $557 on Bitfinex but it now touched $570!!

lol I do not see Bitfinex touch $570, I see the highest always huobi and other Chinese market. currently on bitfinex $537 and huobi still the highest $566

rektDude

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The price of Bitcoin was indeed stable for a long time and that have to change because there are still a lot of people that is waiting for a higher value and that is bad.
Because they also see now that the value of the Bitcoin is not even that high and that have to change soon.

mark coins

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Quote from: Ayers on May 30, 2016, 06:52:10 AM

Quote from: dinda22 on May 29, 2016, 11:02:03 AM

halving still about one month more, but it seems today prices are rising fast enough. I believe this is the effect of halving, and could not imagine when later approached halving prices could increase about $550-600

it's already at 550, i think it may touch 800 by the halving come, double of before, each halving will bring double the price, and if you dump between price correction you cna earn a lot

I think holding till the halving can be really good, as we are seeing quick rise in the price of bitcoin so majority of us expects that price will be at $800 at halving.

Ayers

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Quote from: dinda22 on May 29, 2016, 11:02:03 AM

halving still about one month more, but it seems today prices are rising fast enough. I believe this is the effect of halving, and could not imagine when later approached halving prices could increase about $550-600

it's already at 550, i think it may touch 800 by the halving come, double of before, each halving will bring double the price, and if you dump between price correction you cna earn a lot

Searing

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Quote from: QuintLeo on May 29, 2016, 07:37:38 PM

Quote from: 1Referee on May 29, 2016, 06:37:21 PM

Quote from: BitcoinAshley on May 29, 2016, 05:37:44 PM

It should bounce around a bit more before the actual halving. This current rise in my opinion is a bunch of people feeling restless about the halving jumping onto a relatively small China wagon which started because of recent china currency shenanigans.

So I'll buy another $200 in a few days or a week when we see <$500 for a brief bit, then the train will resume steady uphill climb to the top of Mt. Bitcoin

Cool

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

I did - but more I was mining and accumulating.

8-)

Yeah....I really like 'stodgy" Litecoin with the BTC pump in price (mining titans) currently 4.53 LTC..go baby go.....(LTC you tramp 'camp follower' you....)

Ulloa

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Quote from: rekinthis on May 29, 2016, 02:04:32 PM

Quote from: OmegaStarScream on March 21, 2016, 12:04:39 PM

Is it normal ? I wasn't here when the old halving block rewards happened before so I'm not sure how things work exactly but logically ... should we see a price increase (at least little bit) since we are getting closer and closer ?

well price rises now and probably because of halving, lots of people buys because because they want to sell them later after halving, so price rises and fast, 510$ at this moment

and if price wouldn't rise then yes, i think it would be actually strange as this would mean that people shows no interest in bitcoins so this would be very horrible news for bitcoin

Many people are thinking indeed that they have to wait a longer time now until they can sell it with a lot of profit because the value of the Bitcoin was stable for a long time and that is bad.
So it takes now a long time to recover and it will also start to rise soon and that would be nice.

safari88

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signs when approaching halving the increase already apparent. but we may have to wait 2-3 weeks ahead, because it will be closer to halving. I expect at least get to see $600

Koamder

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Quote from: BitcoinAshley on May 29, 2016, 07:52:19 PM

Quote from: 1Referee on May 29, 2016, 06:37:21 PM

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

Because (1) I bought as many coins as possible at $12 so I'm not in any rush, and (2) 2 weeks ago I was planning to buy but just got lazy

Wink

There is no need to rush now. The Etheruem price will be around $10-12 for some months to consolidate.

BitcoinAshley

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Quote from: 1Referee on May 29, 2016, 06:37:21 PM

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

Because (1) I bought as many coins as possible at $12 so I'm not in any rush, and (2) 2 weeks ago I was planning to buy but just got lazy

Wink

QuintLeo

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Quote from: 1Referee on May 29, 2016, 06:37:21 PM

Quote from: BitcoinAshley on May 29, 2016, 05:37:44 PM

It should bounce around a bit more before the actual halving. This current rise in my opinion is a bunch of people feeling restless about the halving jumping onto a relatively small China wagon which started because of recent china currency shenanigans.

So I'll buy another $200 in a few days or a week when we see <$500 for a brief bit, then the train will resume steady uphill climb to the top of Mt. Bitcoin

Cool

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

I did - but more I was mining and accumulating.

8-)

jamesl22

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Quote from: 1Referee on May 29, 2016, 06:37:21 PM

Quote from: BitcoinAshley on May 29, 2016, 05:37:44 PM

It should bounce around a bit more before the actual halving. This current rise in my opinion is a bunch of people feeling restless about the halving jumping onto a relatively small China wagon which started because of recent china currency shenanigans.

So I'll buy another $200 in a few days or a week when we see <$500 for a brief bit, then the train will resume steady uphill climb to the top of Mt. Bitcoin

Cool

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

Yeah that was the best time to buy as price was stuck at same place since long time, I bought at that time and now I am very much satisfied with it.

zimmah

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Quote from: Slark on May 24, 2016, 01:24:51 PM

It is both kind of funny and interesting to watch people are impatient about bitcoin price just because halving is coming.

You have to understand some things first:

1. Halving is not an instant price rise switch on/off. It takes time.
2. There are already more than 15 millions of BTC mined, it is not certain if we need more supply to cover demand.
3. Events of the last halving showed that price will take a long time to corre

1. True, look at the last halving, the price started to rise almost immediately after the halving, but the real rally (or bubble) didn't start until 5 months later. Then about half a year after that a second bubble happened, bringing the price up to 100 times what it was before the halving, but it took a year to get there after the halving. The price then dropped a lot, but it never came anywhere close to what it was before the halving.

If the same thing happens this time, than by July 2017 we could be at $50k for a short moment, and then drop back to $30k territory. That would be the effect of the halving.

2. Also true, the future halvings may be less impactful because the amount of bitcoins we have to work with is already pretty close to the total amount we will ever have. However, the inflation rate matters too, and bitcoin will finally get below 5% inflation with the next halving.

3. Yes the price will most likely overshoot a lot due to momentum and FOMO and might take 3 years to stabilize, (just in time for the next wave to form).

1Referee

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Quote from: BitcoinAshley on May 29, 2016, 05:37:44 PM

It should bounce around a bit more before the actual halving. This current rise in my opinion is a bunch of people feeling restless about the halving jumping onto a relatively small China wagon which started because of recent china currency shenanigans.

So I'll buy another $200 in a few days or a week when we see <$500 for a brief bit, then the train will resume steady uphill climb to the top of Mt. Bitcoin

Cool

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

BitcoinAshley

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It should bounce around a bit more before the actual halving. This current rise in my opinion is a bunch of people feeling restless about the halving jumping onto a relatively small China wagon which started because of recent china currency shenanigans.

So I'll buy another $200 in a few days or a week when we see <$500 for a brief bit, then the train will resume steady uphill climb to the top of Mt. Bitcoin

Cool

martinacar

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Well we got our answer this weekend. Such a high increase as not expected. by no one. If it holds this week then I am confident we can see an even higher increase before the halving.

Topic: Getting closer to Halving but .. no increase ? (Read 10303 times)