Topic: Two weeks after the halving , price didn't get affected yet ? - page 2. (Read 1384 times)
Time... we need time, it doesn't happen in 1 second, 1 day, 1 week or a month after the halving. It takes a while, first of all we need more people buying BTC. And this will happen soon, because even I found out about the halving this year late (two days before it took place). Don't expect a rise to $10k in a week
it came from 400 to 800 really fast, so chill... a little consolidation is normal.
Yeah and its really good to see price stable at a moment even after the halving, as it was predicted that price will go $600 after the halving but it didn't happen.
it came from 400 to 800 really fast, so chill... a little consolidation is normal.
Automatically price will increase due to because bitcoin network user transaction are grouped in blocks and recorded to digital public ledger called a block chain. So miners are in charge of this task, and receive a mining reward in the form of bitcoins for each block recorded. That's the halving procedure so definitely there should be increase in the bitcoin price.BTC
Bitcoins are rarer now but that doesn't mean anything if demand remains unchanged. I think we're doing pretty good right now, I was actually a little worried we might experience a dip. Value will likely go up gradually as more people join but this will take time. A slow gradual increase is always better than a rapid one (unless you're a speculator).
If demand stays the same , won't the price increase as well ? since there is less supply , I don't think demand should increase so the price increase with it .My bad, what I meant to say is that Bitcoin being rarer doesn't necessarily mean the price will go up even if demand remains unchanged.There are fewer Bitcoins being produced but for this to translate into a price increase, people need to be willing to pay more and that's not a given. Miners need to sell coins to pay for expenses but buyers don't need to buy coins. Sellers cannot really dictate the price since Bitcoin is not a necessity. However there is a good chance the price will slowly go up as more people get into Bitcoin.
I speculated before the halving that when it happens, the price may have some correction because many people are waiting for the dramatic increase and when they don't see it they will sell. so I am happy with the stable market. it is better than the falling one
I think in order to feel the effect of halving we still need time, eventhough i am a bit surprised that the price is still as high as before halving, maybe we can feel the effect in few more months, but for sure the halving effect is going to happen
And what effects do you predict?
my first experience for halving but honestly i'm a bit dissapointed because even though the prices looks stable but it was never reach again to $700 above even i do expect 1 or 2 weeks later after halving the prices will increase but unfortunately it does not happen
I think in order to feel the effect of halving we still need time, eventhough i am a bit surprised that the price is still as high as before halving, maybe we can feel the effect in few more months, but for sure the halving effect is going to happen
So how come that the halving block reward happened two weeks (almost) ago and the price still didn't place , there is no increase and It seem pretty stable ?
I think this is healthy. price becoming stable for bitcoin means merchant won't be hesitant in adopting the coin. Normal non investor people will also take notice of using bitcoin becausee they somehow feel that the moment they buy bitcoin, they don't think that they paymore and received less. It will also good for Bitcoin to have price increase slowly not a sudden bubble then burst.
You can clearly see how the price went double for the past 7-8 months from $350 to $650 now. This adjusted for the miners' losses.
Furthermore, every serious miner knows really well about the halving and has made his plans about the future. If one was to stop mining, he would do it months before the halving so that he can sell his equipment
Furthermore, every serious miner knows really well about the halving and has made his plans about the future. If one was to stop mining, he would do it months before the halving so that he can sell his equipment
So how come that the halving block reward happened two weeks (almost) ago and the price still didn't place , there is no increase and It seem pretty stable ?
Obviously the halving doesn`t affect the bitcoin price.
The price went from 420$ to 770$ because of the chinese people who were buying lots of btc.
The chinese people stopped buying and the price isn`t going up now.
Halving effect has already took place at some point but not finished yet, as network diff rising and profits for miners shrinking there are more yet to come, maybe it would be in 1 month 6 ? no body really knows, if small miners percentage shrink & more big mining companys come to play they we should see a rise, cause companys have a plan at which point they will cash out or hodl versus to a small miner that have to pay his bill and with no (or even 0 ) backup fund.
So we need to stay tuned ! and watch the price rising.. hopefully !
So we need to stay tuned ! and watch the price rising.. hopefully !
I predicted that in several posts before the halving. All the halving effects have been priced in months before the actual halving event. One year ago, the price of Bitcoin was around one third of the current one. Halving was already discussed last year, and most of the expectations and the fact of limitations of new Bitcoin creation was steadily priced into the Bitcoin value. Therefore it is not such a big suprise that the price is not making big movements.
The halving was already priced in before the day actually came. We already doubled from where we where some months ago and now we are sitting fairly stable (maybe the most stable we've ever been) at 650-700. Theres still great possibility that we will go up but it's extremely difficult with the amount of weak hands that are happy to part with their bitcoin in the 700-1000 range.
Bitcoins are rarer now but that doesn't mean anything if demand remains unchanged. I think we're doing pretty good right now, I was actually a little worried we might experience a dip. Value will likely go up gradually as more people join but this will take time. A slow gradual increase is always better than a rapid one (unless you're a speculator).
If demand stays the same , won't the price increase as well ? since there is less supply , I don't think demand should increase so the price increase with it . 
as observed bitcoin price increases little bit and goes stable, i believe people are waiting for the price to increase , hope that once demand increases bitcoin price may go high 
So how come that the halving block reward happened two weeks (almost) ago and the price still didn't place , there is no increase and It seem pretty stable ?
price depends on market demand and supply while halving has reduced the reward for miners,it has not decereased the supply and availability of bitcoin in market.It may take some time for halving to affect market forces.wait and be patient we can see new records towards the end of this year
Bitcoins are rarer now but that doesn't mean anything if demand remains unchanged. I think we're doing pretty good right now, I was actually a little worried we might experience a dip. Value will likely go up gradually as more people join but this will take time. A slow gradual increase is always better than a rapid one (unless you're a speculator).
So how come that the halving block reward happened two weeks (almost) ago and the price still didn't place , there is no increase and It seem pretty stable ?
I think that's probably the only condition that has not been stable, so prices can not rise drastically. I think that's not a problem, because if we buy a bitcoin before halving (over 2 months ago before halving) then the price is now more profitable and it could make us have fun
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