Halving event: expectation vs. reality - page 7.

drwtsn32

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Quote from: GreenBits on July 09, 2016, 08:42:05 AM

Quote from: drwtsn32 on July 09, 2016, 08:31:29 AM

My prediction:
The price will go down because everyone is holding up their bitcoins!
It will continue to drop because people expect that it will rise after the halving so they'll wait.

My verdict:
Sell your bitcoins now while the price is decently high then buy after the halving.

"Maybe I'm right. Maybe I'm wrong. It's just my opinion."

I'm of a similar mind, but I think the halving event was priced in a little earlier than anticipated. There was an initial run up to 700-800, bit it's been relatively stable in the 600-700 dollar price range.

Come to think of it. It was June 16 when the price was the highest at $768.24 and it was what people are waiting for!
The skyrocketing that we're expecting has happened already.
We must always remember: the movement of price depends on the movement of the buyers and sellers.

"Maybe I'm right. Maybe I'm wrong. It's just my opinion."

GreenBits

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Activity: 1148

Merit: 1048

Quote from: drwtsn32 on July 09, 2016, 08:31:29 AM

My prediction:
The price will go down because everyone is holding up their bitcoins!
It will continue to drop because people expect that it will rise after the halving so they'll wait.

My verdict:
Sell your bitcoins now while the price is decently high then buy after the halving.

"Maybe I'm right. Maybe I'm wrong. It's just my opinion."

I'm of a similar mind, but I think the halving event was priced in a little earlier than anticipated. There was an initial run up to 700-800, bit it's been relatively stable in the 600-700 dollar price range.

drwtsn32

sr. member

Activity: 476

Merit: 250

My prediction:
The price will go down because everyone is holding up their bitcoins!
It will continue to drop because people expect that it will rise after the halving so they'll wait.

My verdict:
Sell your bitcoins now while the price is decently high then buy after the halving.

"Maybe I'm right. Maybe I'm wrong. It's just my opinion."

hermanhs09

hero member

Activity: 574

Merit: 500

Quote from: pandalion98 on July 09, 2016, 06:44:00 AM

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).

It is about 3,5 hours to go actually,and i decided to not move my bitcoins freshly after it because i expect the price will go down,
cause people mining btc will want to book some profits on their own.
But i expect a rise maybe 2-3 days after it.

NorrisK

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Activity: 1946

Merit: 1007

It is up 3 times since the end of last year. How can you be disappointed about the price?

If you are disappointed, you waited too long with reentering bitcoin.

Price is more likely to drop than go up as a result of halving now imo.

Carlsen

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Activity: 910

Merit: 501

I think the real effect of halving will show up in two or three days.
When the miners have sorted things out how much they still earn for their coins in regard to electricity cost.
Everything befor that is speculation.

groll

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Activity: 336

Merit: 250

Quote from: pandalion98 on July 09, 2016, 06:44:00 AM

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).

The increase has already happened weeks before the halving or last month. The price from 500 plus dollars has risen up to 787$ and that's the highest increase that halving has brought us. So the price today at 638$ is going to Stay for weeks or even a month. But there is still a possible price increase expected of bitcoin but it will be out of the halving. The demand on bitcoin is highly increasing everday and the blockchain reward is becoming lower every halving which imply a substantial potential price increase. So never give up and just wait price increase is coming soon.

Denker

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Quote from: pandalion98 on July 09, 2016, 06:44:00 AM

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).

You see this is the whole problem you are having.
Instead of listening what others are saying you should do your own research and then make your own conclusions.
Furthermore Bitcoin has run up from 435 to a stable range of 650 since end of may!
That's an increase of 49% in the last 6-7 weeks!
I've no idea how somebody can be disappointed about that.

Jhanzo

hero member

Activity: 798

Merit: 506

Thank satoshi

I'm still on the happy camper group right now. Halving being priced in or not, we still got a healthy price increase overall on the last few months up until mid-june. People should be content with that much of increase, especially the guys who's been holding since last year. If the price increases further more in the next weeks then that's a ++.

Alanay

full member

Activity: 161

Merit: 100

Quote from: pandalion98 on July 09, 2016, 06:49:43 AM

Quote from: asriloni on July 09, 2016, 06:46:29 AM

don't expect too much from halving,bitcoin price already increased before and there's only little possibilities for bitcoin to be rising again,even rising will not that much just see now price still stable at $650,halving only give affect to the miners actually not for those traders

I don't think so. The coins come from the miners. They have the power to sell at a higher price point. Therefore, this has a direct impact on the traders.

They might sell higher to compensate for mining costs.

This is a good point, and if we are patient and don't sell then the miners will be the only ones selling (not literally of course) but still increasing the price.

pandalion98

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Activity: 504

Merit: 250

Quote from: asriloni on July 09, 2016, 06:46:29 AM

don't expect too much from halving,bitcoin price already increased before and there's only little possibilities for bitcoin to be rising again,even rising will not that much just see now price still stable at $650,halving only give affect to the miners actually not for those traders

I don't think so. The coins come from the miners. They have the power to sell at a higher price point. Therefore, this has a direct impact on the traders.

They might sell higher to compensate for mining costs.

Posum578

sr. member

Activity: 336

Merit: 250

Quote from: siampumpkin on July 09, 2016, 06:45:01 AM

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

vodaljepa

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Nothing will happen, you guys are hyping it up for nothing
Remember my words

asriloni

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Leading Crypto Sports Betting & Casino Platform

don't expect too much from halving,bitcoin price already increased before and there's only little possibilities for bitcoin to be rising again,even rising will not that much just see now price still stable at $650,halving only give affect to the miners actually not for those traders

siampumpkin

sr. member

Activity: 420

Merit: 260

I expect the price to drop when people realize it cannot support the cost of mining anymore. Lips sealed

pandalion98

sr. member

Activity: 504

Merit: 250

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).

Topic: Halving event: expectation vs. reality - page 7. (Read 5002 times)