Topic: Poll - Do you expect a bubble when the block halving will occur? (Read 1176 times)
The halving of the reward will have no immediate effect on the value of bitcoins. Why would it? It will affect the supply of bitcoins only slightly -- 25 BTC less out of 10 million bitcoins every 10 minutes. Miners will sell off their equipment, but not their bitcoins.
October 05, 2012, 10:31:05 PM
I have to disagree with some of what you've said.
1. ASICs will be profitable for a while at least. They draw very little power, and the payouts are relative to overall hash, so it's a self-balancing equation.
2. Many people may be hoarding, but most of those are long-term hoarders, they're willing to wait years for their big payout.
There may be big drops, but there will be people like myself standing there with buckets to catch the cheap bitcoins raining from the sky and increase our own hoards. It'll be all good in the end. Just sit back and watch the fun begin.
1. ASICs will be profitable for a while at least. They draw very little power, and the payouts are relative to overall hash, so it's a self-balancing equation.
2. Many people may be hoarding, but most of those are long-term hoarders, they're willing to wait years for their big payout.
There may be big drops, but there will be people like myself standing there with buckets to catch the cheap bitcoins raining from the sky and increase our own hoards. It'll be all good in the end. Just sit back and watch the fun begin.
That's about the long and short of it.
I'm thinking no big drops, but if it happens I'm ready to go long.
October 04, 2012, 05:37:11 AM
It will be interesting times. I also think we will have a controlled rally up to the halving and then a small crash followed by a more stable price.
October 04, 2012, 03:00:22 AM
The question you should ask yourself instead:
Is there a bubble now because of the coming block halving?
Is there a bubble now because of the coming block halving?
October 04, 2012, 02:44:58 AM
The Plunge! its coming... are you ready
Ageed, but it may be from $25 to $18.
October 03, 2012, 08:59:48 PM
reward droping will not effect the price... everyone knows its coming and the rally to 15 was all about the reward drop
what will happen is all the miners that held off selling for the reward drop, will panic sell when they see the reward halfing had little effect on price + mining with the new ASICs is going to be barely profitable, that's one more reason to sell off the horde.
how much coins have been mined for hording?
I think half of all coins is not a bad guess... that's 5million coins.... HELLO!
supply with literally double over night.
The Plunge! its coming... are you ready
They say buy on rumor sell on news, this could not be more true for the reward drop.
what will happen is all the miners that held off selling for the reward drop, will panic sell when they see the reward halfing had little effect on price + mining with the new ASICs is going to be barely profitable, that's one more reason to sell off the horde.
how much coins have been mined for hording?
I think half of all coins is not a bad guess... that's 5million coins.... HELLO!
supply with literally double over night.
The Plunge! its coming... are you ready
They say buy on rumor sell on news, this could not be more true for the reward drop.
I have to disagree with some of what you've said.
1. ASICs will be profitable for a while at least. They draw very little power, and the payouts are relative to overall hash, so it's a self-balancing equation.
2. Many people may be hoarding, but most of those are long-term hoarders, they're willing to wait years for their big payout.
There may be big drops, but there will be people like myself standing there with buckets to catch the cheap bitcoins raining from the sky and increase our own hoards. It'll be all good in the end. Just sit back and watch the fun begin.
October 03, 2012, 08:55:25 PM
Ohh well it is the speculation forum.
Up to $50 and then down to $15
Up to $50 and then down to $15
October 03, 2012, 08:39:09 PM
reward droping will not effect the price... everyone knows its coming and the rally to 15 was all about the reward drop
what will happen is all the miners that held off selling for the reward drop, will panic sell when they see the reward halfing had little effect on price + mining with the new ASICs is going to be barely profitable, that's one more reason to sell off the horde.
how much coins have been mined for hording?
I think half of all coins is not a bad guess... that's 5million coins.... HELLO!
supply with literally double over night.
The Plunge! its coming... are you ready
They say buy on rumor sell on news, this could not be more true for the reward drop.
what will happen is all the miners that held off selling for the reward drop, will panic sell when they see the reward halfing had little effect on price + mining with the new ASICs is going to be barely profitable, that's one more reason to sell off the horde.
how much coins have been mined for hording?
I think half of all coins is not a bad guess... that's 5million coins.... HELLO!
supply with literally double over night.
The Plunge! its coming... are you ready
They say buy on rumor sell on news, this could not be more true for the reward drop.
October 03, 2012, 06:22:52 PM
the bubble will start tonight at $13 and end in January at $35. it will crash all the way to $20 and then start going up slowly again in February. it will be back to $35 by September. after that, there will be a thick bubble of steel.
October 03, 2012, 06:13:38 PM
I do so but I wondering how high. What's your opinions on this?
Jump to: