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Topic: Halving event: expectation vs. reality - page 6. (Read 5003 times)

hero member
Activity: 910
Merit: 1000
Decentralized Jihad
July 09, 2016, 02:17:41 PM
#36
You are just stupid. No offences buddy, sorry but you are. Sad but true.
legendary
Activity: 1470
Merit: 1004
July 09, 2016, 01:48:30 PM
#35
I expect the price to drop when people realize it cannot support the cost of mining anymore.  Lips sealed

chinesses have stolen electricity so.... Smiley
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
July 09, 2016, 01:43:56 PM
#34
I expect the price to drop when people realize it cannot support the cost of mining anymore.  Lips sealed

If the price cannot support the cost of mining the price will go uo, cause miners will not sell bitcoin with cheap prise
Maybe who will drop is difficultly because the halving, miners with less hashpower will get little and shut down they rigs
But that just isn't true.   Gold bugs always say that about gold mining (and silver too).  And yet when the price of metals drops below the break even point, the mines don't close down.  Stop parroting that complete bullshit.
hero member
Activity: 826
Merit: 1000
July 09, 2016, 01:36:33 PM
#33
I think the halving effect can be felt when a week later, or a few days later, not directly as expectations of the people.
Hold on and don't do panic sell.
sr. member
Activity: 454
Merit: 250
July 09, 2016, 01:20:01 PM
#32
Months ago... the halving was already priced in
hero member
Activity: 1106
Merit: 521
July 09, 2016, 01:14:59 PM
#31
yeah i have been saying for months that i think the halving has been priced in since the start of the year and we will actually see a decrease in price over the coming weeks
sr. member
Activity: 381
Merit: 251
July 09, 2016, 01:07:01 PM
#30
I was told a few times that, when halving is super close/already happened, the price would increase significantly.
Now that the halving event is probably 5 hours or so from now, what can you say about the current price? It's still hovering at around $650 despite the imminent event.

Right now, I'm disappointed simply because so many people say that the price would increase, but my mood may change if something significant happens (pissed if going down, happy when going up).

That's easy to understand:
People ALWAYS SAY BTC GOES TO MOON!

Show me just one thread of serious people (i mean not newbies) saying btc is going to drop. It doesn't happen. Simple as that ^^
legendary
Activity: 1400
Merit: 1001
July 09, 2016, 01:06:21 PM
#29
Update: Block reward just halved. Still utterly disappointed.

I feel like people had too much hype over this. Historically, it didn't do anything but the price back then was more or less $15. Now that 1 BTC is pretty significant, meh.
Or is it just too early? I mean, the halving occurred literally 2 blocks ago and the price just went down by 1%. Nothing significant at all.
Of course it is too early. And of course we won't hear instant "DOUBLE THE BTC PRICE GUYS!" roar from around the world.
Just because bitcoin price is much higher now doesn't mean much - because we have also much more bitcoin in circulation since we had last halving.

Halving at this point is only artificial threshold - it will take a long time for market to react to it.
Or maybe the Chinese are still asleep. It's 1 AM here and I'm in the same timezone as them.

My theory is that something should happen once the markets open today or on Monday morning.
My guess is - and I am scared - that it won't be a pump at all.
We might see a dump instead, because people overhyped due to popular slogan: 'having of block reward = double the price of btc' would be disappointed that nothing is happening and will start selling like crazy.
sr. member
Activity: 504
Merit: 250
July 09, 2016, 12:48:18 PM
#28
Update: Block reward just halved. Still utterly disappointed.

I feel like people had too much hype over this. Historically, it didn't do anything but the price back then was more or less $15. Now that 1 BTC is pretty significant, meh.
Or is it just too early? I mean, the halving occurred literally 2 blocks ago and the price just went down by 1%. Nothing significant at all.
Of course it is too early. And of course we won't hear instant "DOUBLE THE BTC PRICE GUYS!" roar from around the world.
Just because bitcoin price is much higher now doesn't mean much - because we have also much more bitcoin in circulation since we had last halving.

Halving at this point is only artificial threshold - it will take a long time for market to react to it.
Or maybe the Chinese are still asleep. It's 1 AM here and I'm in the same timezone as them.

My theory is that something should happen once the markets open today or on Monday morning.
legendary
Activity: 4410
Merit: 4788
July 09, 2016, 12:46:13 PM
#27
Halving give me disappointment, Actually i have a high expectations with halving, and it never come true.
So i am trying to happy myself.
I was thinking bitcoin will be cross $1100, and less than bitcoin will be come at least $800 price, but i don't know why it will never happened, if we see the previous halving that was a great, and this halving it is normal.
Simply i never get a too much profit from it, but i am happy and i respect the halving.

seriously!
if you think that the price would jump the minute it hit block 420,000 then you do not understand bitcoin, you dont understand mining and you dont understand trading..

here is some lessons
miners cannot spend the coins instantly.. they have to mature first.
miners do not pay for electricity every hour. they pay it monthly.

so of you are expecting instant price changes today you are just fooling yourself.

give it a few weeks-month for miners to actually experience a decrease in their income when they actually start to pay bills.
just like the last halving.. miners did not really see a change in their spending until the chinese new year ended and the bills started piling up when things went back to business..

it will not be an instant thing, it takes time for the real world to see the effects
hero member
Activity: 588
Merit: 500
July 09, 2016, 12:41:44 PM
#26
Halving give me disappointment, Actually i have a high expectations with halving, and it never come true.
So i am trying to happy myself.
I was thinking bitcoin will be cross $1100, and less than bitcoin will be come at least $800 price, but i don't know why it will never happened, if we see the previous halving that was a great, and this halving it is normal.
Simply i never get a too much profit from it, but i am happy and i respect the halving.
legendary
Activity: 4760
Merit: 1283
July 09, 2016, 12:37:01 PM
#25

Back in the day, the common logic was to wait for {n} confirmations.  {n} == 7 IIRC.  I'm currently in that mode with respect to the halving.

Last I was paying much attention which was around a year ago, the blockstream guys were designing their sidechains stuff around a burying of somewhere in the 100 block range.  This because a subordinate chain system relies on absolute solidity of the backing system and (I assume) that the 100 block margin would allow a fairly significant window to deal with any instabilities of bugs that may crop up in the backing solution.  In other words, the transfer of value between the various sidechains subordinates and the bitcoin backing store would be high reliability at the expense of latency.

member
Activity: 84
Merit: 10
July 09, 2016, 12:25:59 PM
#24
40.7% Meh 40.7% Yay; i think thats quite good for the votes right now; i voted for Meh because it's not really exciting for me; i'm actually quite happy at the value of the Bitcoin at the moment but at the same time a little bit worried that the pay for the miners might be lowered till the value reachs $800 for 1BTC. Hang in there dear miners.
legendary
Activity: 1400
Merit: 1001
July 09, 2016, 12:23:18 PM
#23
Update: Block reward just halved. Still utterly disappointed.

I feel like people had too much hype over this. Historically, it didn't do anything but the price back then was more or less $15. Now that 1 BTC is pretty significant, meh.
Or is it just too early? I mean, the halving occurred literally 2 blocks ago and the price just went down by 1%. Nothing significant at all.
Of course it is too early. And of course we won't hear instant "DOUBLE THE BTC PRICE GUYS!" roar from around the world.
Just because bitcoin price is much higher now doesn't mean much - because we have also much more bitcoin in circulation since we had last halving.

Halving at this point is only artificial threshold - it will take a long time for market to react to it.
sr. member
Activity: 504
Merit: 250
July 09, 2016, 12:14:37 PM
#22
Update: Block reward just halved. Still utterly disappointed.

I feel like people had too much hype over this. Historically, it didn't do anything but the price back then was more or less $15. Now that 1 BTC is pretty significant, meh.
Or is it just too early? I mean, the halving occurred literally 2 blocks ago and the price just went down by 1%. Nothing significant at all.
Pab
legendary
Activity: 1862
Merit: 1012
July 09, 2016, 09:24:28 AM
#21
I think people are puting to much attencion to halving/price.Last pump was becouse of Brexit,next can be becouse of EU banks and election in USA
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
July 09, 2016, 09:23:49 AM
#20
I never feel a shocked for this situation because for few days I sure about this situation will happen. I never make a big deal for the expectation because that only will give me a deadweight about this. maybe a lot of the people will get wrong for their expectations.
legendary
Activity: 980
Merit: 1000
July 09, 2016, 09:21:44 AM
#19
my expectation are too high before the halving happened especially for the prices but unfortunately the prices not rise up today but i'm still hoping might be soon the prices will rise up or at least will pass through again to $700
legendary
Activity: 994
Merit: 1000
July 09, 2016, 09:15:09 AM
#18
I expect the price to drop when people realize it cannot support the cost of mining anymore.  Lips sealed
If they realize this than miners will leave (smaller one) than difficulty will be decreased so that remaining miners keep on mining and price will be stable in the current range. But if no any miners leave than price may shoot up more than 1000$ within next few months. But we still have to keep on watching what will be real drama rather than speculating.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
July 09, 2016, 09:00:42 AM
#17
I was told a few times that, when halving is super close/already happened, the price would increase significantly.
Now that the halving event is probably 5 hours or so from now, what can you say about the current price? It's still hovering at around $650 despite the imminent event.

Right now, I'm disappointed simply because so many people say that the price would increase, but my mood may change if something significant happens (pissed if going down, happy when going up).

first of all you have to stop listening to what others say. they are not all true and a lot of them are only spreading FUD about bitcoin. or are trying to hype up the market.

second, i believe that it is too soon for any change in the price. it has already risen up to $650 and it is stable here and for another rise there needs to be some time for the halving effect to show up.
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