July 20, 2016, the block halving date, what will the price be? - page 8.

-Greed-

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Quote from: NorrisK on December 17, 2015, 05:12:29 AM

Quote from: -Greed- on December 17, 2015, 03:15:45 AM

When Litecoin halving happend its price went down. The same's gonna happen to bitcoin.

Not really. Price went up from its low by more than double, to even tripple at the moment.
Sure it is not at 0.03 anymore, but that was just a hype peak caused by other stuff at the same time.

We are still much higher than before halving, so I guess the effect is there after all.

The raise was caused by a Chinese ponzi scheme and crashed down after it was exposed. After the halving price fell off even more when everyone expected it to go up. Current price is about 0.008 meaing it has almost returned to its pre-pump.

So same thing here. There are no real reasons for bitcoin to grow. Thinking that the upcoming halving could be the reason is ridiculous because the halving is more than 6 month ahead.

knightkon

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I disagree that the price will go down as a whole. The halving will make the price go down, but I think the price will be the same compared to a whole and the price will continue to raise. There are to many store owners out there who are looking to start accepting BTC and when doing so, and this interest will continue to raise.

Pasttimeuftor

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I think the halving date will be earlier than July 20, it could be July 8 or earlier. The hashing power has risen a lot. It will keep on rising.

AtheistAKASaneBrain

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Quote from: ABCbits on December 17, 2015, 06:33:49 AM

There are many factors which can give impact to bitcoin price, so i can't say bitcoin price will be better/not compared to now. But, halving will help increase bitcoin price.
But, traders could use this event to dump their coins to get a lot of profit Roll Eyes

Halving is still long, but i think bitcoin price will be at least at $600

That's way too low. You guys are so pessimists because of the stagnant price lately. Remember that this is Bitcoin, nothing is written in stone. Im personally sure that we will be approaching or crossed the 4 figure a BTC by then. Halving means Bitcoin becomes harder to get, it gets even more of a rare item, therefore the price will naturally go up because the demand only gets higher as well.

1Referee

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I'll go for between $800-$1000. I do think the volatility at that day will be immense since people don't know what to expect. We might even see plenty of $50-$100 price swings on that day. Great for traders.

Amph

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above the last ath, we are already halfway through it, so it look like an easy task now than what it was before

if this will not true, it will be certainly higher than what we have now, this pump look solid than the last one(2013), slow increasing is more sustainable on the long term

ABCbits

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There are many factors which can give impact to bitcoin price, so i can't say bitcoin price will be better/not compared to now. But, halving will help increase bitcoin price.
But, traders could use this event to dump their coins to get a lot of profit Roll Eyes

Halving is still long, but i think bitcoin price will be at least at $600

Kemarit

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The price could be double from here. But that is just speculation. The price of bitcoin is determined by adoption, not by halving.

NorrisK

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Quote from: -Greed- on December 17, 2015, 03:15:45 AM

When Litecoin halving happend its price went down. The same's gonna happen to bitcoin.

Not really. Price went up from its low by more than double, to even tripple at the moment.
Sure it is not at 0.03 anymore, but that was just a hype peak caused by other stuff at the same time.

We are still much higher than before halving, so I guess the effect is there after all.

Patatas

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Halving is not really a good sign in my opinion.Also I think the prices are going to fall down if the market continues to fluctuate the same way as it is now.There could a lot of reasons contributing to this as we know nowadays mining is not a good profitable income as the market is quite saturated and companies are doing it on largescale.I'm afraid the miners will increase the transaction prices as well.

trafficolaa

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Actually that is really hard job to predict exact price of bitcoin on the day of block halving but from my point of view as per current solid growth it can up to $1200 but this is my personal opinion for that.

n2004al

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Quote from: crazyivan on December 17, 2015, 02:59:37 AM

So, what do you think will be the price on that day? Are we going to be happy or are we going to be disappointed and why?

I am sure that no one can tell what price can be. And everyone think like me (at least who have brain and think). Don't want to much brain to understand that with bitcoin anyone can't have some security regarding its future price. There are no data in which can be based every kind of supposition, there are no owners who can care about it, there are not any kind of rule which bitcoin is obligated to follow. Except one: demand/supply. Can be known only one part of this dichotomy. The other one, never. So cannot be some serious hypothesis by no one about its price in every possible future moment.

But if we want to play and to make a game then I can tell that the price of bitcoin in that day will be 876.54321. Wink

LiteCoinGuy

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wrong section.

tokeweed

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Quote from: crazyivan on December 17, 2015, 02:59:37 AM

So, what do you think will be the price on that day? Are we going to be happy or are we going to be disappointed and why?

Hopefully high enough for miners to avoid dumping more in the market to maintain operations.

jt byte

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Well I don't really know some people say that it foes down and other say it goes up. For me I think it will be down a couple of month and than it will increase around November again. We can't say for sure so for me I am just waiting until that happens I am just fine what I have, for now.

altcointrader25

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I think we will retest $1175 a month or two before block halving, but we will be dumping on the actual day that it happens. Litecoin pumped prior to the halving and then dumped. Market makers gotta abuse the newbie traders.

-Greed-

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When Litecoin halving happend its price went down. The same's gonna happen to bitcoin.

crazyivan

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So, what do you think will be the price on that day? Are we going to be happy or are we going to be disappointed and why?

Topic: July 20, 2016, the block halving date, what will the price be? - page 8. (Read 8374 times)