Topic: It will be bellow $600 before halving (Read 2068 times)

The $500 is the cost of mining for some miners. They will not sell below the price of $500 or less.

There is nothing to be sad about as the price has gone up a lot already. Have people forget the entire month June where the price went up to nearly $800? If they are sad or disappointed in something, then it must be in themselves as their unrealistically high price targets never had a chance to be reached.

The long the price stays around the current level, the less chance it will go below the $500 level in the future.

a lot of people expected a big price growth and right now they are sad about it, i think that a price growth only can fix the situation now

though the  price is stable right now and i dont think that it is going to go down any time soon, the only way is up now as a lot of people are buying

For now the price is very stable at this level but i think we will see the price soon these following months the movement of the price is fast and we will see that the price will gradually increaase and will hit again back to 700 value..

It might be a great return but it was extremely costly for everyone that was holding during that period, and a lot of people who bought at the $1,200 could have lost a lot of money if they weren't bailing out sooner than everyone else. Buying everything when it was cheap could have yielded quite a few returns, but you have to remember what was lost to get the potential for those returns.

In the entire month September in 2015 the price was hovering above the $220 level. The price reached $198 in August 24 last year. That makes the price has gone up like 230% within a year at the current price level. Great return.

In September 2015, the lowest price of bitcoin was $198, the price is $650 now, so that is almost 3 times.

You might say the the last halving increased the value of the bitcoin by 100% since this time last year.

The last halving has really have not much effect on the value of bitcoin but instead, it stabilized the value in the range of $600 to $700. Many people are expecting that we can find the effect of the halving after a few months. We should keep an eye on it.

It's already set for next halving so i'm pretty sure the price of bitcoin would never go back to below $500 in the future maybe this is the new bottom of bitcoin price.

well price was 650$ before halving, and now, after halving price is still 650$, price is very, very stable right now so it is hard to predict how price will change now

I think the bitcoin community is more mature now. It is trying its best to make sure the price bubble does not appear.

That is because the price of bitcoin dropped before 10 July. Anyway, the price performance is very good this year.

Everyone was expecting that price will fall after the halving is done but it didn't happen, in fact price is moving up slowly and that is a really good to watch.

There is no need for the bitcoin to rise too much. But it could rise to $1000 by the end of the due to higher block size.

The bitcoin price has already more than doubled in the last 10 months. So it is reasonable for the price to be here.

Now the price of bitcoin being at 660 USD . I think it should be after halving bitcoin at least in the 800 USD. I still can not believe halving could have a major impact on the market price of bitcoin.

It can't go high and stay there "just because".  The halving event itself (I mean on that day) was like I and a hundred other people said, just another day.  It may be a propagation delay thing, but even then the halving only translates to a few percent, amplified by the absence of traders because the majority are HODLers which slows down the velocity of [ahem] 'money'.  Then again, we all know that its use as an exchange mechanism is just one of thousands of tricks Bitcoin will have up its sleeve, so very difficult to pin the donkey on the tail (no I didn't get that the wrong way around).

I would say it's near to its real value as it is (perhaps a tad over), but within the comfortable variation of market movements.  If it gets 30 months ahead of itself it will just reach a point where it keeps coming down until it reaches its (hopefully improving) real value, then it'll be ready to take off again if it chooses.  Hopefully by that time (in a couple of years or more) it will be liquid enough not to have such wild swings, and average Joes will feel safer as an alternative to a bank to preserve and improve their savings at percentages they're capable of believing.

It's showing about 10% a month at the moment (with the occasional massive distortion) - sounds exceptional, but if you take the 'real' cost of living inflation out of that it changes from exceptional to just pretty damned good.  Unforeseen timing of expected events in banking will change those numbers of course.  Hard to compute that variable in without the proverbial crystal ball though.

well yeah there was a big growth in price though i hope that it was just the beginning, in my opinion the price will have a lot of potential to go up even more after this

He is just a little bit pessmistic. The price is not too far away from the $600 range. It might stay here for some time.

It already happened few weeks ago before halving, you see the big pump on the coin that hit 750 dollars. That's the hype that other's waiting.

99% of the prediction on this forum are based on shoes being stuck in a shoe rack. There is no argument basis for these kind of prediction, just a 'feeling'
With bitcoin maintaining above 600 a big battle was won btw, but it's not over, the price development of the coming weeks will determine a lot..

Im sorry that  your prediction did not work.
Actually i think nobody was right with his prediction,bitcoin just remained stable,and it still remains like that.
I wonder what will be the first move of it

of course we will soon see a huge pump that will make you a lot of money and i think that this will definitely be really great as people will be getting into bitcoins to earn money

I think we will soon see pump rather than dump. Halving have shown that this 650$ price is here to stand as floor for next pump. We are not going sub 600$.

That's what people have been saying about the "halving event." The "halving event" happened, price didn't go up. Dropped, if anything. Market is dead, volume lowest I can remember, so no "panic buying" people were promising.
Why would the price go up?

I don't think that's what users above you trying to say. ofcourse he like making money. Everybody wants money. He's just pointing out that the price will increase after we hit halving event.

Why? You don't like making money?
Plenty of people went long, just like you, "this halving's a sure thing." Now there's like 40 mil. $ of longs on BFX alone

i dont think that it was a good decision to get out at such a low price because in my opinion the price is soon going to start growing at a very rapid pace and make me some good money

Like a boss, got out @~$625
How about yourself?

it will definitely not going to happen, the price is way too high right now in order to drop that low, i think that the price is going to be much higher like a feek from now

It seems that the bitcoin price is holding very well. The price is still above $600 at the moment. Did you short it?

OP got 5 hours left. Plenty of time for sub-$500 nosedive.

Halving happened, and btc price still over $600 (to be exact $645). Your prediction failed Op. 

This is in the speculation thread, so just relax. I think the price will be aruond the current level for the next few hours.

I'm waiting for that... Oh wait, we're now less than 50 blocks away from halving. Dammit OP, you liar.  

/s

looks like the kwukducks of speculation section is growing or maybe he is buying up accounts! anyways so far DOWN WE GO ™ you keep mentioning about the halving day and before/after it has been an stable price with so little fluctuations.

if halving berikutanya occur, bitcoin prices probably will not be under $ 600 as of this moment I strongly believe that the price of bitcoin is very stable at $ 600. I think this price stability will occur until the next halving occurs. I'm sure the price will rise from $ 600 to $ 1000, I think everyone is predicting that the price of bitcoin will be like as it was

I disagree with OP that price will be under $ 600 just before and immediately after halving. There is still a spike due which will show us all some interesting speculation. After that I can't say sure now where market will move upwards or downwards. Let's enjoy this precious moment and forget for some hours about price and speculation.

already pass through $650 today and we have few more hours to block halving and it seems OP predictions would not be happen because i'm pretty sure the prices will not going down more than $50 only in few hours and i think the prices will rise up again tomorrow

Its around 650 $ this days and this is just warming up probably. People expect to much and then they don't see little things around them. Big things doesn't happen over night, so relax a bit and have a patience.
I know there is always possible some big surprise to happen, good or bad. But logical is btc to rise, and I believe that bitcoin have enough power to rise a bit more and stay there. Everyone is making predictions about this event, and soon we will see what will happen.

I think Not.
Bitcoin price hit 666.66 today if anyone interested.
Maybe we are ranging $700 or above before or after halving.

The price is looking for a breakout in either direction.
If it does start trending downwards, there will be an avalanche of sellers.

halving a few hours away. but the price did not move. I hope there was panic when the 1-2 hours towards to halving and at least increase to $700.

If according to you the protocol is fundamentally broken, then why are you still here preaching hate and negativity? Leave Bitcoin for good and you don't have to worry anymore about the "broken fundamentals".

I expect a little halving pump, that could reach 690$, and am planning to short the top of it.

If you are one of the folks loading up before halving, dreaming about some quick bucks. Then there is a valid reason you should be nervous now.

OP is always negative!
So I wouldn't take his opinion too seriously.
And as you can see we are still above $600.
However there is a chance we might go below 600 for a short while after the halving due to disappointment of a not skyrocketing price by some investors.But for the rest of this year, especially late Q4, we will head to $1000 range I believe.

it sounds that you want to buy some cheap bitcoin so you keep telling people that it is going down. the support point of $600 was not broken two days ago when the price went down. so I speculate the price will last above it for a while

Worse than no market depth, the protocol is fundamentally broken and people are trying hard to hide that fact just to get other sheeple to buy their bags.

Oh man your activity is 666 !

Traders having opened long margins are getting nervous.  They know it is too late to sell.  Market has no depth. 

DOWN WE GO ™