Overcoming halving | Bitcointalksearch.org

steven0021

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Quote from: kryptqnick on July 19, 2016, 01:58:51 PM

Quote from: Fatanut on July 18, 2016, 09:20:23 AM

Quote from: kryptqnick on July 18, 2016, 08:49:12 AM

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?

Bitcoin halving isn't all about the price rise. It's not like because we just crossed halving, doesn't mean the price would shoot up. The theories of other people (including me) that the price would shoot up on halving is wrong (as we all have seen). It will surely rise in the future but it wouldn't shoot up right after halving. And also, I'm pretty sure "worst things" aren't waiting for us in the future.

This sounds interesting. Why is that so? I mean, why price won't shoot up rightaway?

Why should it? Most (big) miners are still making profit at the current price and there's no sudden surge of demand good enough to cause the price to continue increasing despite what we've all seen in the last 2 months. It is perfectly possible that the halved block reward will increase the price over time, but expecting it to increase right away are just unreasonable.

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Quote from: Rubberduckie on July 19, 2016, 02:18:10 PM

Quote from: thejaytiesto on July 18, 2016, 09:15:26 AM

What worst things? Things are looking great, pessimists need to shut the hell up to be honest. We are making progress and this will translate into the price sooner or later. Don't get too obsessed with looking at the price, that is like looking at the scoreboard instead of paying attention to the playing field.

very well put!

way to much doom and gloom. We just had bitcoin go from $300 to $700 super
fast. Basically we needed that rise to justify people still mining and we got it. Now
if we still were at $300 after the halving I would be super worried.

Assumption that the price will rise on each halving is becoming confirmed on this halving, that's why many people are expecting prices much higher than just double
than they were before halving. Because this would make it a rule that you could invest and double your money every 4 years on avg.
If prices continue to go slowly up, i would be honestly surprised if we don't see huge spikes over 1k atleast, all by the end of this year.

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Quote from: thejaytiesto on July 18, 2016, 09:15:26 AM

What worst things? Things are looking great, pessimists need to shut the hell up to be honest. We are making progress and this will translate into the price sooner or later. Don't get too obsessed with looking at the price, that is like looking at the scoreboard instead of paying attention to the playing field.

very well put!

way to much doom and gloom. We just had bitcoin go from $300 to $700 super
fast. Basically we needed that rise to justify people still mining and we got it. Now
if we still were at $300 after the halving I would be super worried.

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Quote from: Fatanut on July 18, 2016, 09:20:23 AM

Quote from: kryptqnick on July 18, 2016, 08:49:12 AM

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?

Bitcoin halving isn't all about the price rise. It's not like because we just crossed halving, doesn't mean the price would shoot up. The theories of other people (including me) that the price would shoot up on halving is wrong (as we all have seen). It will surely rise in the future but it wouldn't shoot up right after halving. And also, I'm pretty sure "worst things" aren't waiting for us in the future.

This sounds interesting. Why is that so? I mean, why price won't shoot up rightaway?

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Quote from: kryptqnick on July 18, 2016, 08:49:12 AM

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?

What exactly you mean by overcome the halving? Halving is not something you can fight against or some negative force to begin with.
It is planned event, part of bitcoin evolution and development. The only way you can 'overcome' it is for bitcoin to be still profitable for miners to mine.
And with current price I think it is.

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Quote from: kryptqnick on July 18, 2016, 08:49:12 AM

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?

So you are expecting a quick and instant result on the following day right after the halving ETA?

If yes then you should continue to study about what halving really is.

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Quote from: Kprawn on July 18, 2016, 11:41:05 AM

The halving in my opinion was just a hyped up event that created expectation amongst desperate speculators, who are only using this technology to make a quick profit. Your goal should be to invest

in Bitcoin companies and development of killer Apps, to stimulate natural adoption. If only one killer App, like the new Pokémon GO can be developed and it takes off like that did, we would all

be millionaires soon, but NO... people want to sit back and wait for the price to rise, from events like the halving. Get out there and increase adoption.. and you will see more profits. Roll Eyes

I agree with you, the recent halving event was used to hype Bitcoin, And yes people who invest in this stuff should help promote, develope the Bitcoin economy, more development and usage of Bitcoin means more demand for you BTC.

Kprawn

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The halving in my opinion was just a hyped up event that created expectation amongst desperate speculators, who are only using this technology to make a quick profit. Your goal should be to invest

in Bitcoin companies and development of killer Apps, to stimulate natural adoption. If only one killer App, like the new Pokémon GO can be developed and it takes off like that did, we would all

be millionaires soon, but NO... people want to sit back and wait for the price to rise, from events like the halving. Get out there and increase adoption.. and you will see more profits. Roll Eyes

crairezx20

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There is no worst thing that will happen in the future with bitcoin and i think bitcoin will rise more soon.. for now we are seeing that the price is gradually increase and i think this is one of the sign that bitcoin will continues rising again..

Wendigo

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Halving didn't affect the average Bitcoin users like us only the profits of the miners were lowered because of the halved block reward. I don't think the price matters a lot at this moment because the traders and the users have already made more money than they have invested initially and we are sitting on coins whose value is likely to increase even more in the future so there is positive value right there even if the price is kinda stagnant right now. As for the miners it's their job to save their businesses so good luck to them I guess.

raphma

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calm down.. the bubble hasnt even began.
Last time, it happened AFTER the halving, and the situation might be the same.

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Quote from: kryptqnick on July 18, 2016, 08:49:12 AM

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?

The halving hype, which started months ago, has brought as to the actual price.
Pessimists said if no sudden increase after halving happens we will drop significantly.
And where are we? Right we are where the hype has brought us.
In a few months we will see the effect of the halving, meaning an increase in price due to the halved block reward.
So yes imo we have overcome the worst scenarios and will very likely see nice run ups.

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Quote from: Nahl on July 18, 2016, 10:56:57 AM

everybody expect halving will have good impact for bitcoin especially for the prices and i had say it before that as long as the prices not going down it is not worst things and currently the prices slowly rise this is good because majority people has been waiting for this situations and hoping that the next peak should be higher than the current prices

I think we should be satisfied with current price tag that is attached with bitcoin and its really good to see that price is not going back at this stage or else it would be really disappointing.

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What exactly do you mean by 'overcoming' the halving? There will be more halvings in the future, that's for sure.
Or if you're talking about the drop, read below.

Quote from: ranochigo on July 18, 2016, 09:44:50 AM

There's nothing to overcome, the price has rise for sometime and it has been hovering around $650+ which is enough for miners to maintain a profit, as seen from the small difficulty change estimate. This halving had literally no impact on big miners since most of them have already ROIed and they are making pure profits right now. For normal Bitcoin users, they would be happy to see the price rising.

It's true that people should be happy with the current price unless they've bought at the top, but it seems to me that a lot of expected the price to rise all the way up after the halving even though we have stayed well below $680 for around 20~ months.

Nahl

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everybody expect halving will have good impact for bitcoin especially for the prices and i had say it before that as long as the prices not going down it is not worst things and currently the prices slowly rise this is good because majority people has been waiting for this situations and hoping that the next peak should be higher than the current prices

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Quote from: JeffBrad12 on July 18, 2016, 10:36:22 AM

Quote from: kryptqnick on July 18, 2016, 08:49:12 AM

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?

It's just a slow rise, never have the worst thing are waiting in the near future. don't be a pessimistic people, a lot of people just waiting for the effect of halving it means a slowing rise.

Slow rise in the price of bitcoin is an positive indication that price will be much higher in next few months and steady rise is much more better in compare to major price pump.

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Quote from: kryptqnick on July 18, 2016, 08:49:12 AM

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?

It's just a slow rise, never have the worst thing are waiting in the near future. don't be a pessimistic people, a lot of people just waiting for the effect of halving it means a slowing rise.

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Perhaps we see the first effects of halving or this slow rise is only mini pump to some whale make profit like they always play.But for most of Bitcoin users current price of 680 $ is very good if we compare this with the same period last year.

The real effects of halving we can see perhaps for several months,but for now I think we can be satisfied with how the situation develops.

klaaas

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Wales are playing there game and in some short time span it wil drop and rise a few times.
Overall we are still going steep in the rise and nothing quiet yet to see it will be otherwise.

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Quote from: takingthis4 on July 18, 2016, 09:43:03 AM

Quote from: kryptqnick on July 18, 2016, 08:49:12 AM

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?

i think the halving will just price in in the near future and it surely did not happen yet, i think the next growth we might see a new all time high really easily, that would be cool

Look the halving price is this one, lets return last year December 2015 bitcoin traded 250-300 dollars, January reached 450 and stayed at that ammount till this month, nothing happened to affect bitcoin to reach such value from last year, the people made a pump into bitcoin related to halving. The price can reach higger ammount this year but the halving price has been achieved already.

Topic: Overcoming halving (Read 858 times)