OMG Halving Happened AND... - page 5.

RoomBot

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Quote from: ObscureBean on July 10, 2016, 12:13:43 AM

Of course the price is not going to go up immediately, it's only been a few hours since the halving. No one is crazy enough to pour huge amounts of money into Bitcoin right now. I think it will take at least a few months before we see any real movement, investors need to be certain that miners are able to cope with the reduced rewards first.

As Coindesk pointed out today, the Halvening already brought a 50% increase over the past 3-4 months, in anticipation of the event.

When the reality of how expensive it is to mine hits home, the price will increase again.

ObscureBean

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Of course the price is not going to go up immediately, it's only been a few hours since the halving. No one is crazy enough to pour huge amounts of money into Bitcoin right now. I think it will take at least a few months before we see any real movement, investors need to be certain that miners are able to cope with the reduced rewards first.

cecelady

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Quote from: Wandering Soul~ on July 09, 2016, 01:25:04 PM

I will tale advantage of this to buy bitcoins when the price is low and wait for the price to go up

Will be doing the same thing, am planning to buy worth 300$ of Btc this week since the price went down...... And keep our fingers crossed till the price goes up.........

marcuslong

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Quote from: vodaljepa on July 09, 2016, 11:43:40 AM

Nothing to see here folks, price is not going up stop dreaming

Hahha.. So you are one of the person who believes that when halving happened its price will suddenly go up just because halving happened. Actually, it really depends, the price and value of bitcoins lies in different things. There are lot of factors that are being considered before the value of the bitcoin is determined. It is not a sudden changes, that in just an hour or a day its value will suddenly be doubled or in worst case, will be devalued to
1btc=1 dollars from 650 dollar=1 btc.

Divinespark

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I think the scarcity situation will eventually tell on price but what I am particularly impressed by is the fact that such a major event as halving happened without a single glitch. Absolutely incredible.

krishna1

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Wait a week Or Few weeks then you can see the change in price Yourself....

KonceptCars

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It looks like Q4 2016 is when the next rise will happen.

The Sceptical Chymist

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Quote from: NorrisK on July 09, 2016, 11:54:23 AM

Quote from: Laosai on July 09, 2016, 11:51:06 AM

Quote from: vodaljepa on July 09, 2016, 11:43:40 AM

Nothing to see here folks, price is not going up stop dreaming

Price is even droping like hell ^^

Which is logical, everyone bought a ton of btc and now wants to sell at a good price...

This.. Been saying this for months..

Everybody being pumped like their coin value will suddenly double. When this didn't happen people start selling causing panic.

I think we will see sub 600 for a bit before going back up again.

So why should we go back up again?

Miners aren't going to stop mining. Don't believe that for a minute. Small ones might but big ones won't.

BellaBitBit

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Happy Halving Bitcoin Community! Grin

FoendyZ

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nothing special wave price big wave, is halving bitcoin, price bitcoin now is stable not wave up big up is significant
after halving bitcoin price day the day is down and down, not up is equal much people prediction

AioFox

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Quote from: vodaljepa on July 09, 2016, 11:43:40 AM

Nothing to see here folks, price is not going up stop dreaming

Yup, it feels like nothing really happend; i just got back from a party and it feels like a normal day. Now that the halving has happend though, lets see how how things progress from then on. I don't expect the mining rate to decrease very dramatically and i actually thing the value of the Bitcoin will slowly rise just like what happend 4 years ago.

Wandering Soul~

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Wolf

I will tale advantage of this to buy bitcoins when the price is low and wait for the price to go up

franky1

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in the first 4 years('09-'12).. the scarcity was not a big deal.. even though those 4 years people knew that there would only be 50% left after.

the following 4 years('12-'16) scarcity became a topic. because 75% of all bitcoins have now been mined.

but these next 4 years('16-'20) scarcity will become a bigger topic because 87.5% of all coins would be mined by 2020..

do not expect any significant changes today. because miners cannot even spend block 420,000 until tomorrow (research: block reward maturity)
secondly miners wont be paying their bills daily so dont expect them to cash out instantly.

its a slow process and will on a long term bases cause a deflationary price rise. so chill out and stop waiting for an instant price spike in a few hours

buddu

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I am more happy to see this happening live now second halving has been completed. The real party will start as time will pass sooner. This is enjoyable moment as at first halving I was not involved in Bitcoin but now I have witnessed this. I am so excited to see future's development after this long awaited moment of halving.

bitdumper

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One world One currency, Bitcoin.

lets think on the positive side we users started discussing about halving when price was around 360$ and now we are around 650$ so locially price already got doubled before halving so its kind of fun think because i already got my pennys grown

LuckyBtc

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Quote from: vodaljepa on July 09, 2016, 11:43:40 AM

Nothing to see here folks, price is not going up stop dreaming

Were you expecting for the price to go up right after halving? It will take time to go upwards, Just wait.. Wink

tyagi

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price drop but not too much hope it increase

helloeverybody

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Quote from: ABCbits on July 09, 2016, 11:51:47 AM

Some event here :
1. Bitcoinwisdom is down
2. thehalvening.com is down
3. Bitcoin price just crashed from $660 to $635
4. Block reward is 16.66666666 BTC according to blockchain.info

Any major event?

Well now we can look forward to either a shakeout or stagnation or maybe a slow climb. I dont know why so many people where expecting some sort of major price pump as soon as the halving occurs. Weve got until the next one to gain more traction. Price has already risen to good levels but what comes next will be interesting.

ABCbits

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Some event here :
1. Bitcoinwisdom is down and up again after halving happened
2. thehalvening.com is down and also up again after halving happened
3. Bitcoin price just crashed from $660 to $635
4. Block reward is 16.66666666 BTC according to blockchain.info, while some bitcoin explorer says it's 12.5BTC

Any major event?

NorrisK

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Quote from: Laosai on July 09, 2016, 11:51:06 AM

Quote from: vodaljepa on July 09, 2016, 11:43:40 AM

Nothing to see here folks, price is not going up stop dreaming

Price is even droping like hell ^^

Which is logical, everyone bought a ton of btc and now wants to sell at a good price...

This.. Been saying this for months..

Everybody being pumped like their coin value will suddenly double. When this didn't happen people start selling causing panic.

I think we will see sub 600 for a bit before going back up again.

Topic: OMG Halving Happened AND... - page 5. (Read 3407 times)