Topic: Since we know when Bitcoin will half, saying Bitcoin will go up is nuts! - page 2. (Read 1495 times)
May 17, 2016, 02:00:39 AM
knowing or not knowing doesn't make any change, what really happens matters. and that is all about the supply which will be created at a reduced rate meaning fewer coins will be dumped in the market by the miners. so whether or not we know about halving, the change in supply will cause the change in price not our prediction.
May 17, 2016, 01:54:55 AM
What I found interesting in the Op is question whether planned halving is better than randomized one, because you can't prepare for random occurrence of halving.
I thought a little about it and how about halving was implemented in a semi-random way. What I mean by it: it will be similar to how you can obtain legendary status here on BTT.
For example: what if halving could be happening between block 400.000 and 500.000 (hypothetical) instead of set block 420.000?
I thought a little about it and how about halving was implemented in a semi-random way. What I mean by it: it will be similar to how you can obtain legendary status here on BTT.
For example: what if halving could be happening between block 400.000 and 500.000 (hypothetical) instead of set block 420.000?
May 17, 2016, 01:38:50 AM
So what? Even if people prepare in advance, it doesn't really make a difference. Bitcoin is still going to go up, except perhaps from an earlier stage.
Doesn't make much of a difference to me.
Doesn't make much of a difference to me.
May 17, 2016, 01:35:16 AM
Original poster is an Ethereum shill, look at his post history, so of course he doesn't want BTC going up and imploding Eth in the process. What's really going to happen:
Halving guide for noobs: Why it's not possible for halving to be priced in now
https://bitcointalksearch.org/topic/halving-guide-for-noobs-why-its-not-possible-for-halving-to-be-priced-in-now-1428863
Halving guide for noobs: Why it's not possible for halving to be priced in now
https://bitcointalksearch.org/topic/halving-guide-for-noobs-why-its-not-possible-for-halving-to-be-priced-in-now-1428863
May 17, 2016, 01:32:50 AM
Theoretically if people have bought up a lot of coins already and they are going to hold them long-term for investment and not sell them right after the halving we can assume these coins will be out of circulation for a while. So the supply of coins will be decreased both by the halved block reward and people stashing away coins and it makes sense to me that the price is going to rise not due to hyping up but due to real supply and demand mechanics here. But I know there are a lot of 'If's' and the market situation may balance itself out by people selling stashed coins so in the end the price may shoot up slightly and remain stable till the end of the year. I think it's best to wait and see everything else is just speculation right now.
May 17, 2016, 01:28:23 AM
BTC is not going to be halved, but mining reward is going to be halved, 2 of them are different 
Even so, halving hype is too high and i think some people will be dissapointed.
Even so, halving hype is too high and i think some people will be dissapointed.
Can' tell if serious.If BTC were to randomly half out of no where - then yeah that would 100% make BTC price go up no doubt!
But since we know well ahead of time when it happens people already prepare.
Some people have already bought days, weeks and months ago in preparation - why do you think BTC has gone up like it did recently?
In that case the only reason BTC would rise significantly AFTER the halving would be from this created hype.
In any case, celebrate! HYPE THAT SHIT!
But since we know well ahead of time when it happens people already prepare.
Some people have already bought days, weeks and months ago in preparation - why do you think BTC has gone up like it did recently?
In that case the only reason BTC would rise significantly AFTER the halving would be from this created hype.
In any case, celebrate! HYPE THAT SHIT!
It's an interesting question, however, the price will have to go up to compensate the miners for their work.
If the price remains in the actual conditions, some miners will have to shut-down (of course, some of them if not the majority will continue), this could lead to longer confirmation times, if the problem escalates, we could see a death spiral where blocks take longer to confirm, XBT price plummets and mining becomes even less profitable.
Again - halving isn't random - it is predicated and already calculated. (I mean I guess you could have investors/miners who just assume BTC will double in value - sorry it isn't that simple)
But hey I hope BTC does sky rocket - but you better believe the price is already pretty much adjusted.
May 17, 2016, 01:12:57 AM
The fact remains, even if existing adopters are stocking up on coins, there will always be a diminished supply of new coins, and this will increase the price. If the hoarders start selling, it would push down the price. So these things will influence the price.
We will see a hype driven short term speculator rush, just before the Halving and then a return to the the natural price after the Halving event is over. This will not be a long term price increase, because markets tend to work themselves out, after these hyped periods.
We might see a delayed reaction to the Halving later on, when people have to buy new coins and the supply are lower than the higher demand for it.
We will see a hype driven short term speculator rush, just before the Halving and then a return to the the natural price after the Halving event is over. This will not be a long term price increase, because markets tend to work themselves out, after these hyped periods.
We might see a delayed reaction to the Halving later on, when people have to buy new coins and the supply are lower than the higher demand for it.
May 16, 2016, 09:52:13 PM
If BTC were to randomly half out of no where - then yeah that would 100% make BTC price go up no doubt!
But since we know well ahead of time when it happens people already prepare.
Some people have already bought days, weeks and months ago in preparation - why do you think BTC has gone up like it did recently?
In that case the only reason BTC would rise significantly AFTER the halving would be from this created hype.
In any case, celebrate! HYPE THAT SHIT!
But since we know well ahead of time when it happens people already prepare.
Some people have already bought days, weeks and months ago in preparation - why do you think BTC has gone up like it did recently?
In that case the only reason BTC would rise significantly AFTER the halving would be from this created hype.
In any case, celebrate! HYPE THAT SHIT!
It's an interesting question, however, the price will have to go up to compensate the miners for their work.
If the price remains in the actual conditions, some miners will have to shut-down (of course, some of them if not the majority will continue), this could lead to longer confirmation times, if the problem escalates, we could see a death spiral where blocks take longer to confirm, XBT price plummets and mining becomes even less profitable.
May 16, 2016, 09:43:37 PM
OP is right. When an event is known by the market, it is already factored into the price.
(Example: If 12% was a reasonable annual return, and you knew the value of a stock would be $112/share in one year, and its current price was $50, you'd be a fool not to buy it. But if the $112 value was common knowledge, everyone else would be a fool not to buy it too. So everyone would instantly bid up the price of the stock to $100 today, in line with the 12% annual return to $112 in one year.)
The miners can't (significantly) control the price of bitcoin. All they can do is shut down if mining becomes unprofitable. But that has ZERO influence on the price of bitcoin, because exactly the same # of bitcoins are mined whether 100% or 1% of miners are up and running.
At the halving the daily input of new BTC will drop from ~3600 to ~1800. That is enough for a very modest upward pressure, but it will be slight because tens of thousands of coins are exchanged daily already. Other events and general market trends will dwarf the impact of the halving.
Feel free to prove me wrong, though.
(Example: If 12% was a reasonable annual return, and you knew the value of a stock would be $112/share in one year, and its current price was $50, you'd be a fool not to buy it. But if the $112 value was common knowledge, everyone else would be a fool not to buy it too. So everyone would instantly bid up the price of the stock to $100 today, in line with the 12% annual return to $112 in one year.)
The miners can't (significantly) control the price of bitcoin. All they can do is shut down if mining becomes unprofitable. But that has ZERO influence on the price of bitcoin, because exactly the same # of bitcoins are mined whether 100% or 1% of miners are up and running.
At the halving the daily input of new BTC will drop from ~3600 to ~1800. That is enough for a very modest upward pressure, but it will be slight because tens of thousands of coins are exchanged daily already. Other events and general market trends will dwarf the impact of the halving.
Feel free to prove me wrong, though.
May 16, 2016, 09:40:41 PM
For some, if not many, the reality of a decreased rate of bitcoin entering into the system due to the reward halving won't register until sometime after the actual halving when it hits them smack in the face. These are the people that will panic FOMO buy and cause the price to shoot up.
The reward isn't just halved for one day, it will stay halved long after the actual halving day until the next halving.
We will see something similar to what happened after the last halving when people quickly realized, "Oh shit, the halving is real."
The reward isn't just halved for one day, it will stay halved long after the actual halving day until the next halving.
We will see something similar to what happened after the last halving when people quickly realized, "Oh shit, the halving is real."
May 16, 2016, 09:37:49 PM
OP you took the words right out of my mouth and I've been saying this for the past few months. It's been priced in. Any news that doesn't come as a surprise isn't news that will affect a market. But we'll see.
May 16, 2016, 09:28:25 PM
If BTC were to randomly half out of no where - then yeah that would 100% make BTC price go up no doubt!
But since we know well ahead of time when it happens people already prepare.
Some people have already bought days, weeks and months ago in preparation - why do you think BTC has gone up like it did recently?
In that case the only reason BTC would rise significantly AFTER the halving would be from this created hype.
In any case, celebrate! HYPE THAT SHIT!
But since we know well ahead of time when it happens people already prepare.
Some people have already bought days, weeks and months ago in preparation - why do you think BTC has gone up like it did recently?
In that case the only reason BTC would rise significantly AFTER the halving would be from this created hype.
In any case, celebrate! HYPE THAT SHIT!
although you think people have already prepared.. you are thinking from only one perspective. .. people buying now.
every day, week or month. new people will be willing to buy
the thing is, that people are not going to buy now and suddenly no one is going to buy in the future.. there will always be buyers.
secondly. although pools know their bitcoin income is going to half. they are currently used to a $11k a reward (25btc x ~$440) so they will not happily sell their 12.5bitcoin for much less than $10k.
this will cause a supply/demand game. because although you may assume that there are 15.5 bitcoins in circulation. when it comes to exchanges there are only a few thousand coins being held. and its these coins IN exchanges that cause more price variation compared to the millions of coins held OUT of exchanges.
so you will be shocked that a small change in volume on an exchange can cause movements.
based on the maths of lets say antpool. who manage an estimated(1)(2) $325 cost per bitcoin. knowing that when the reward halving happens it will cost them $650/bitcoin we WILL see some price movements occur.
no one can say the exact time it will happen. it could be before the reward halving, or afterwards.. but it will happen,
and there will always be people willing to buy
May 16, 2016, 08:43:31 PM
The halving threads are already creeping up like the XT threads of past and we still got a ways to go.
Hype has always been the king in moving bitcoin value and suspect the 2 weeks before will be crazy in here.
Hype has always been the king in moving bitcoin value and suspect the 2 weeks before will be crazy in here.
May 16, 2016, 08:24:55 PM
If BTC were to randomly half out of no where - then yeah that would 100% make BTC price go up no doubt!
But since we know well ahead of time when it happens people already prepare.
Some people have already bought days, weeks and months ago in preparation - why do you think BTC has gone up like it did recently?
In that case the only reason BTC would rise significantly AFTER the halving would be from this created hype.
In any case, celebrate! HYPE THAT SHIT!
But since we know well ahead of time when it happens people already prepare.
Some people have already bought days, weeks and months ago in preparation - why do you think BTC has gone up like it did recently?
In that case the only reason BTC would rise significantly AFTER the halving would be from this created hype.
In any case, celebrate! HYPE THAT SHIT!
Jump to: