Topic: Predictions about Bitcoin Price on Halving block ? (Read 1126 times)

If it really follows a similar pattern as LTC currently describes, we may be in for quite a surprise, actually. But I think the thing with LTC is more due to the fact that the downtrend has been broken so significantly! That being said.... $2'800.

Current miners are not selling as much coins as you think.. They are smart and hoarding shitloads of coins now.

I guess the price will peak just before halving and drop soon after when people realize not much has changed..

My guess would be above $1k when block halving will take place, and about Greece issue, it is already showing its effects on the charts...

That price (5-600) would also includes the influence of more bitcoin adoption.

my guess is around $500-$600 after the halving. that's a reasonable estimate. i have seen plenty of threads where people think it will go over $1000 by then, but that's too optimistic.

Difficult to make a prediction on the halving right now. One can only make a proper prediction when looking at the price as we approach the halving. It's a whole year away, for example if the price is 800 USD a month or two before the halving then my prediction would be different to what it'd be if you ask me now.

Just for the sake of the OP I'll play the game though and predict what I think the price will be after the halving, I'll go with 750 USD.

Pretty sure that Isaw on Bitcoin wiki or somewhere like that .. that it's gonna happen 2017
But I guess your website here is more updated , 2016-07-28  sounds good though and it may get lower however what are the factors that controls the date ? I keep hearing "each 4 years" but now you said "looks like its going to happen sooner then expected" , there should be some factors to do that , right ?

Demand for bitcoins is a function of price. So equilibrium will be attained very quickly. 

Simple Economics.

If supply issuance goes down while demand stays the same (or gains, which I expect) then price must go to moon

I think the price will spike but much before then. People will be anticipating a steep rise so they'll be buying lots of coins which will have a knock on effect.

the halving is only a much more warranty that the price will rise, basically it give us the upper hand on the supply and demand war, but i think that the price will rise to a high level not for the halving

so the halving will only play the "tip of the iceberg" game

I think the Litecoin revival has more to do with the fact Bitcoin is going up as well. The Litecoin pump started right when Bitcoin started moving in a positive trend again. I think is a psychological factor, people think "Oh, Bitcoin going up again, Litecoin will follow", so speculation ensues and Litecoin actually goes up.

Looks like its going to happen sooner than expected:

http://bitcoinclock.com/

Halving is great news, look at litecoin that was half dead and now is alive and well.

My thoughts:
1) when the last halving occurred, the majority of miners were hobby-type who tended to hold their mined coins, so the halving did not really affect the amount of coins being dumped on exchanges.  result: minimal impact on price.

2) this halving is different.  Now the majority of miners are large scale farms who tend to immediately sell mined coins.. you know cuz they have to do things like pay bills and buy better miners.  result: larger (positive) impact on price since fewer coins will be dumped.

3) both the above should be obvious to everyone, so most people will actually bid up the price well before the halving.  result:  price spike leading up to halving, but no change afterwords since the expected price hike will already be priced in.

4) #3 above will also be obvious.  result:  expecting no price hike to materialize, no one will actually buy anything to bid up the price, so the halving will have zero effect on price.

5) #4 above will be obvious...  result:  expecting no change, everyone looses interest in bitcoin and decides to sell out now to beat the rush..  by the time the halving occurs price is tanking.

6) #5 above will be obvious...  result:  We're all DOOOOMED !!!!

7) #6 above will be obvious... result:  I have a headache, I'm depressed, I'm going back to bed...

TLDR:  Trying to predict what effect the halving will have on price is a pretty useless undertaking....  just flip a coin.  You'll avoid all the stress and still have the same 50/50 chance of being correct.

Sigg

So what are your predictions for Bitcoin price on the next halving block which should happen next year Q4 or beggining of 2017 .
I know that halving will halve the mining bitcoins and not the current or existing one and I also know that the price will depends on what's the price is before halving .

Just le me know and what are the different factors and could greece issue play a part of this .