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Topic: Multiplying the price by 10 after each halving, is it right ? - page 2. (Read 3136 times)

hero member
Activity: 616
Merit: 500
This halving (and next next ones) will bring much bigger spike than previous one. Why? Because much more people will own bitcoin. We are still not even near mass adoption...  Wink

People who are interested in bitcoin already invested in. It's not 2012 anymore
legendary
Activity: 3542
Merit: 1352
10x isn't attainable without a huge demand. Of course, for the price to go up, there must be someone on the buying side to drive the price upwards. If halving occurs without a huge demand, don't expect an upward surge in price. It heavily depends on many different factors and not just the fact that the  mined supply will be diminished by 1/2.
hero member
Activity: 994
Merit: 1000
PUGG.io
There is no proper way to find out how much a thing will cost after x amount of time.
It's based only upon the demand and supplies.
If supply is more and demand is less then prices fall.
If the demand is high and supply is low then the prices rise.
So at the time of halving the demand will be more and the supply will be reduced to half, so the prices will rise but by how much that is unpredictable.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht

I think precisely because of the fact that everyone is expecting something, even if it's nothing, but everyone has the halving date on their minds, because of this, a huge pump can happen. The market game is a psychological one after all, psychology defeats all possible TA.


Not directly comparable of course, but Doge did nothing with its halving. Litecoin's upcoming happening will be an interesting test case.
legendary
Activity: 1358
Merit: 1014
If you're not a miner, the halving shouldn't have much effect.  14.5 million of 21 million bitcoins have already been mined. Everybody knows this event is coming, so it should already be priced in.

If you are a miner, then you're running spreadsheets to see what equipment to keep, what equipment to dump, and what equipment to buy. Much of the older gear will be junked at the halving.

I think precisely because of the fact that everyone is expecting something, even if it's nothing, but everyone has the halving date on their minds, because of this, a huge pump can happen. The market game is a psychological one after all, psychology defeats all possible TA.
legendary
Activity: 1473
Merit: 1086
If you're not a miner, the halving shouldn't have much effect.  14.5 million of 21 million bitcoins have already been mined. Everybody knows this event is coming, so it should already be priced in.

If you are a miner, then you're running spreadsheets to see what equipment to keep, what equipment to dump, and what equipment to buy. Much of the older gear will be junked at the halving.

That means you expect a significant drop in bitcoins hashrate after the halving?
legendary
Activity: 1204
Merit: 1002
If you're not a miner, the halving shouldn't have much effect.  14.5 million of 21 million bitcoins have already been mined. Everybody knows this event is coming, so it should already be priced in.

If you are a miner, then you're running spreadsheets to see what equipment to keep, what equipment to dump, and what equipment to buy. Much of the older gear will be junked at the halving.
sr. member
Activity: 379
Merit: 250
Those are just speculations,  a 25x price increase seems too optimistic. After the halving of 2016 the price of bitcoin will definitely  rise since the supply will be cut by half.

That will be the case if the demand stays at least the same, which im assuming that will be it, if not higher. IT should be higher since a year from now in the bitcoin world is an eternity and lots of things can happen. Things are evolving fast and it's easy to miss on important stuff unless you are monitoring new sites and reading forums all day.

I agree. I think the move up after halving will be bigger than expected and go right past 1k.
legendary
Activity: 1358
Merit: 1014
Those are just speculations,  a 25x price increase seems too optimistic. After the halving of 2016 the price of bitcoin will definitely  rise since the supply will be cut by half.

That will be the case if the demand stays at least the same, which im assuming that will be it, if not higher. IT should be higher since a year from now in the bitcoin world is an eternity and lots of things can happen. Things are evolving fast and it's easy to miss on important stuff unless you are monitoring new sites and reading forums all day.
legendary
Activity: 1946
Merit: 1137
Hello,

I saw people talking about multiplying the price by 10 after each halving.

Let's say before the having we will have a price of $250 for example, then the rally after the halving would put us at $2,500 and so on.

Is it right ?

I'm trying also to figure a mathematical equation where how will the price moves after halving, in theory.

i am looking forward to seeing how the market will react because of the upcoming block reward halving but to assume that it will be 10X afterwards is a wrong assumption.
but most definitely the price will go up because of it
legendary
Activity: 1232
Merit: 1000
Hello,

I saw people talking about multiplying the price by 10 after each halving.

Let's say before the having we will have a price of $250 for example, then the rally after the halving would put us at $2,500 and so on.

Is it right ?

I'm trying also to figure a mathematical equation where how will the price moves after halving, in theory.

I think it will go up, its hard to find a reason why it wouldnt push the price up, if we look at litecoin it can be a good measure.  Maybe we would have a spike before the halving even happens.

Yes, the price will go up in anticipation of the halving. You can not be sure what will happen on that day.
legendary
Activity: 812
Merit: 1000
Hello,

I saw people talking about multiplying the price by 10 after each halving.

Let's say before the having we will have a price of $250 for example, then the rally after the halving would put us at $2,500 and so on.

Is it right ?

I'm trying also to figure a mathematical equation where how will the price moves after halving, in theory.

I think it will go up, its hard to find a reason why it wouldnt push the price up, if we look at litecoin it can be a good measure.  Maybe we would have a spike before the halving even happens.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
Hello,

I saw people talking about multiplying the price by 10 after each halving.

Let's say before the having we will have a price of $250 for example, then the rally after the halving would put us at $2,500 and so on.

Is it right ?

I'm trying also to figure a mathematical equation where how will the price moves after halving, in theory.

it happened 1 time so far so you can not make a rule out of it.
sr. member
Activity: 490
Merit: 250
Those are just speculations,  a 25x price increase seems too optimistic. After the halving of 2016 the price of bitcoin will definitely  rise since the supply will be cut by half.
legendary
Activity: 1232
Merit: 1000
so many people seem to have very unreasonable high price predictions due to the halving next year. demand must be there to go up significantly.

Yes, people are so focused on the supply side of Bitcoin, they tend to forget the demand side.
If demand declines then the effect of the drop in supply would be understated.
hero member
Activity: 770
Merit: 509

People will make the price go higher than the last ATH this time. This is a law in stocks: Once a psychological barrier is crossed twice (specially the iconic 1.000 USD one) everything is possible.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
There should be a large mining efficiency raise before we start to see a major rally. Waiting for the future chip technology, but not quantum computing, it is far far from practical to do any sha256 related calculation
hero member
Activity: 910
Merit: 1000
x10 is too high. We can assume if Bitcoin investment interest stays the same (meaning the same amount of dollar value is flowing into it) the price will double after the halving.
sr. member
Activity: 336
Merit: 250
Hello,

I saw people talking about multiplying the price by 10 after each halving.

Let's say before the having we will have a price of $250 for example, then the rally after the halving would put us at $2,500 and so on.

Is it right ?

I'm trying also to figure a mathematical equation where how will the price moves after halving, in theory.

Yes, my math agrees with yours, and it also predicts that we'll see $10k or very near it before the slide back to $2500.

But this is going to happen before the halving, I don't think the halving matters as it's already baked in.
sr. member
Activity: 442
Merit: 250
so many people seem to have very unreasonable high price predictions due to the halving next year. demand must be there to go up significantly.

It is not just halving but also % of all mined coins... Currently we are over 75% of all coins that will be ever mined.
Also it is estimated that 25-30% of all (currently) existing coins is already lost.
We are still in early ages of bitcoin more than 99% of all people on the earth never heard about bitcoin.

You do the math.
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