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extrabyte

legendary

Activity: 840

Merit: 1000

Quote from: Decoded on July 07, 2016, 02:04:56 AM

With the halving so near, I am hyped! You should be too!

So here comes the question - Bitcoin is about to go through a widespread state of instability. What are you doing for bitcoin?

I'm hosting a node ^_^

I'm not excited because see the bitcoin price today, it have been decreased for more than $60, maybe it will be counted as a dump, then if the price increases because of the halving to tell others that wow the price has been increased because of the halving, simple it isn't making any sense.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: Caladonian on July 07, 2016, 04:43:01 AM

Quote from: salmanahmedone on July 07, 2016, 04:39:57 AM

Quote from: Kakmakr on July 07, 2016, 03:25:45 AM

Well, I am hoarding my coins and are not dumping because the price will be going up. There are a lot of people, who wants to cash in on this event, but they are going to cry like little babies when this thing goes to the moon after the Halving event is over and all the hype and speculation has calmed down.

Just imagine that you selling at say $700, thinking that it is the best price and it goes to $1000 to $2000 when all this is over. ^smile^

Halving is just few days away and the bitcoin current price is 660$. How can it goes to 1000$ in just a day or two.
I think 700$ is a good price to sell the coins.

try holding until reaching 800$ im not very familiar in what's going on from the block chain i'm just relying to this particular terms that said halving hoping that after that time comes bitcoin will show big price pump then i'll going to sell my btc.

Well if bitcoin will really have a big pump on it's price it would be great for the people who hoard their bitcoin since last year but not for me I guess Grin

becuase I frequently used some of my coin before I have no choice but to sell it because if I wouldnt do that I am not able to take my exam the next days Grin

Sweminer777

hero member

Activity: 754

Merit: 500

1xBit the largest casino

Quote from: bitkilo on July 07, 2016, 07:01:26 AM

Quote from: Sweminer777 on July 07, 2016, 06:37:05 AM

Quote from: hermanhs09 on July 07, 2016, 06:17:15 AM

Quote from: sell_acc_for_2BTC on July 07, 2016, 02:18:27 AM

Price will obviously rise. I hope halving starts from tomorrow evening.

I think the same actually,i expect price rise at halving,but i wouldnt be so sure my friend Cheesy

Im getting more and more annoyed because of confirmation time,it gets longer and longer for me -,-

i think that at halving people will tart dumping coins. making the price drop.

If it was to happen do you think people will starts dumping their coins just before or just after halving?
It is also a possibility that the recent price spike may have been partly caused by some whales buying up due to the halving hype and will dump just before the event to clean up but probably only a small part, most will dump a day or two after if that's what there planning.

well btc wa bit high now dropping like thi, ppc also i see some changes, dubbling and halfing in few days.

I guess btc willl drop mayve to 450 again.maybe evn less

it might go over 1k for christmass, might be highest time on any tipe of transaction.

thats what i guess.

bitkilo

legendary

Activity: 1638

Merit: 1010

https://www.bitcoin.com/

Quote from: Sweminer777 on July 07, 2016, 06:37:05 AM

Quote from: hermanhs09 on July 07, 2016, 06:17:15 AM

Quote from: sell_acc_for_2BTC on July 07, 2016, 02:18:27 AM

Price will obviously rise. I hope halving starts from tomorrow evening.

I think the same actually,i expect price rise at halving,but i wouldnt be so sure my friend Cheesy

Im getting more and more annoyed because of confirmation time,it gets longer and longer for me -,-

i think that at halving people will tart dumping coins. making the price drop.

If it was to happen do you think people will starts dumping their coins just before or just after halving?
It is also a possibility that the recent price spike may have been partly caused by some whales buying up due to the halving hype and will dump just before the event to clean up but probably only a small part, most will dump a day or two after if that's what there planning.

Sweminer777

hero member

Activity: 754

Merit: 500

1xBit the largest casino

Quote from: hermanhs09 on July 07, 2016, 06:17:15 AM

Quote from: sell_acc_for_2BTC on July 07, 2016, 02:18:27 AM

Price will obviously rise. I hope halving starts from tomorrow evening.

I think the same actually,i expect price rise at halving,but i wouldnt be so sure my friend Cheesy

Im getting more and more annoyed because of confirmation time,it gets longer and longer for me -,-

i think that at halving people will tart dumping coins. making the price drop.

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

Quote from: yayayo on July 07, 2016, 06:28:00 AM

Further, miners could stop mining, because it is no longer profitable. In turn, total hashing power will decrease significantly. This might trigger a psychological reaction that draws Bitcoin's growth into question. As a result, buying demand for new coins decreases.

Do you think that many buyers pay attention to that statistic? I doubt the vast majority have the slightest clue. And the hashrate gave up relating to reality a long time ago. They will pay attention if the difficulty adjustment screws with how things operate of course.

yayayo

legendary

Activity: 1806

Merit: 1024

Quote from: gentlemand on July 07, 2016, 06:05:04 AM

The real effects of halving are going to take months to absorb. And people keep getting the words 'supply' and 'production' mixed up. If the price is right there will always be enough supply.

Well said! I think it might take considerable time for a new equilibrium to be found, too. If that will mean higher fiat valuation as a lot of people here have been constantly suggesting remains to be seen. It's also possible that miners will bring new hashing power in operation faster to compensate for a perceived loss in revenue and in turn production of new coins might decrease less significantly than expected. Another alternative scenario would be miners hoarding less coins and selling more coins at exchanges to pay for electricity.

Further, miners could stop mining, because it is no longer profitable. In turn, total hashing power will decrease significantly. This might trigger a psychological reaction that draws Bitcoin's growth into question. As a result, buying demand for new coins decreases.

In all these scenarios, fiat/Bitcoin exchange rate might not increase at all. Whatever happens, I think the halving is a great event to celebrate the very existence of Bitcoin. Therefore I treat myself to a nice cold beer at the halving.

ya.ya.yo!

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

Quote from: Sweminer777 on July 07, 2016, 06:00:34 AM

how many block are mined per day ?

There will always be the same number of blocks mined. It's the block reward that reduces. If the number of blocks mined fell too then we'd have more than a few functionality problems.

hermanhs09

hero member

Activity: 574

Merit: 500

Quote from: sell_acc_for_2BTC on July 07, 2016, 02:18:27 AM

Price will obviously rise. I hope halving starts from tomorrow evening.

I think the same actually,i expect price rise at halving,but i wouldnt be so sure my friend Cheesy

Im getting more and more annoyed because of confirmation time,it gets longer and longer for me -,-

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: Sweminer777 on July 07, 2016, 06:00:34 AM

how many block are mined per day ?

Approximately 144, it should be something like 1 every 10 minutes.

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

3600 coins at present.

The real effects of halving are going to take months to absorb. And people keep getting the words 'supply' and 'production' mixed up. If the price is right there will always be enough supply.

Sweminer777

hero member

Activity: 754

Merit: 500

1xBit the largest casino

how many block are mined per day ?

7788bitcoin

legendary

Activity: 2282

Merit: 1023

This is really exciting. I am actually on vacation and was planning not to come online... but really excited to know what's going on! I guess we are having a smooth sailing now.

MHopkins

member

Activity: 95

Merit: 45

Quote from: pedrog on July 07, 2016, 04:51:35 AM

I'm predicting nothing special will happen because of the halving.

Price will continue to increase and decrease because of unknown causes, miners will continue to mine, block size will not increase, network will continue congested and shitty.

I would guess it depends on the margins the big miners are making.

If the price is below their costs one can only assume that they will stop mining in the short term. It all boils down to the elasticity of Bitcoin demand and the proportion of Bitcoin supply that was not recently mined.

mobnepal

legendary

Activity: 1218

Merit: 1006

I think the recent dump in price from 700 level back to 600$ range is by whales to grab few more cheap coins before halving. Within few days we may experience a huge pump beyond 800$. Although i am quite feared to see this dump just few days before halving.

pedrog

legendary

Activity: 2786

Merit: 1031

I'm predicting nothing special will happen because of the halving.

Price will continue to increase and decrease because of unknown causes, miners will continue to mine, block size will not increase, network will continue congested and shitty.

Valzador

hero member

Activity: 1316

Merit: 503

Quote from: salmanahmedone on July 07, 2016, 04:39:57 AM

Quote from: Kakmakr on July 07, 2016, 03:25:45 AM

Well, I am hoarding my coins and are not dumping because the price will be going up. There are a lot of people, who wants to cash in on this event, but they are going to cry like little babies when this thing goes to the moon after the Halving event is over and all the hype and speculation has calmed down.

Just imagine that you selling at say $700, thinking that it is the best price and it goes to $1000 to $2000 when all this is over. ^smile^

Halving is just few days away and the bitcoin current price is 660$. How can it goes to 1000$ in just a day or two.
I think 700$ is a good price to sell the coins.

You underestimate it's power.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: salmanahmedone on July 07, 2016, 04:39:57 AM

Quote from: Kakmakr on July 07, 2016, 03:25:45 AM

Well, I am hoarding my coins and are not dumping because the price will be going up. There are a lot of people, who wants to cash in on this event, but they are going to cry like little babies when this thing goes to the moon after the Halving event is over and all the hype and speculation has calmed down.

Just imagine that you selling at say $700, thinking that it is the best price and it goes to $1000 to $2000 when all this is over. ^smile^

Halving is just few days away and the bitcoin current price is 660$. How can it goes to 1000$ in just a day or two.
I think 700$ is a good price to sell the coins.

try holding until reaching 800$ im not very familiar in what's going on from the block chain i'm just relying to this particular terms that said halving hoping that after that time comes bitcoin will show big price pump then i'll going to sell my btc.

salmanahmedone

hero member

Activity: 602

Merit: 500

Quote from: Kakmakr on July 07, 2016, 03:25:45 AM

Well, I am hoarding my coins and are not dumping because the price will be going up. There are a lot of people, who wants to cash in on this event, but they are going to cry like little babies when this thing goes to the moon after the Halving event is over and all the hype and speculation has calmed down.

Just imagine that you selling at say $700, thinking that it is the best price and it goes to $1000 to $2000 when all this is over. ^smile^

Halving is just few days away and the bitcoin current price is 660$. How can it goes to 1000$ in just a day or two.
I think 700$ is a good price to sell the coins.

Knavecoin

full member

Activity: 134

Merit: 100

Hello To Knavecoin World

Surely if it is halved it will mean there are more ie double the coins? Huh

Topic: Less than 355 blocks left! (Read 1034 times)