We are giving too much attention on the halving - page 4.

Yatsan

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Quote from: alyssa85 on January 13, 2020, 09:16:23 AM

Adoption was gong great till the debacle of Dec 2017/Jan 2018 when the mempool backlog was 3 weeks and fees soared to over $1000.

The gathered data of that year already tells what bitcoin could be in the future. In 2017, blockchain capital funding raised over $500 million, countries around the globe searched bitcoin on google, Google scholar published 5000 articles regarding bitcoin ( we're close to 14000 now) and ICOs raised over $3.5 billion that year because of bitcoin. I don't really see no reason why adoption is not going to be the priority of establishments and businesses that time.

Quote from: alyssa85 on January 13, 2020, 09:16:23 AM

Steam disabled paying by bitcoin and they haven't re-enabled it. And other retailers have shied away from enabling bitcoin payment as well. We've gone backwards in the last two years

Bitcoin decreasing value in early 2018 becomes unprecedented when speculations overlook the fences from its point. Bitcoin in payment method may come easy for consumers but it ain't the same way on the business owners. Bitcoin is volatile, that's the only reason why they could not continue accepting it.

hugeblack

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Market capacity, continuity of supply and demand, and technology development are what will make your dream come true.
The development of the Lightning Network is the solution with this level of transactions, but we will face more problems that we will need more and more solutions to meet and thus continuous development.
I agree with you in the bright future, and speculations will end with sufficient market capacity that makes volatility more difficult.

Gozie51

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Quote from: rodskee on January 13, 2020, 09:06:04 AM

i see no wrong on your style of investment because Holding is one of the best way to earn in crypto safely,.but it doesn't mean that we will just Hold and Hold until bitcoin Reached 100,000$ because this is not the way i see things must be.

yeah those early adapters made tons of money because they Hold bitcoin for 5-8 years straight but remember that way back the value of each coins are just a penny or a dollar above.

Hodling isn't really to hodl till eternity as you said. But those whom you allude to have hodl for 5-8 years might not be the original investors. They might be those buying, hodling and reselling. That is a better way to hodl too.

Lucius

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Quote from: Bitcoin_bullish on January 13, 2020, 07:02:04 AM

The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

The fact is, halving is one topic that has been discussed a lot lately, but this is quite normal given that it is something that is a solid fact, and that in the past it was positive for the price. It's also not something technically challenging for most, unlike Lightning Network which as a topic is very technically complicated for most users.

As for 2016/2017, why are you talking about a bull run in 2016? We all know that the bull run happened in 2017, with the greatest impact in December of that year. I also do not understand what news from Asia caused extended bull run, it was over before the end of 2017.

You can dream about a day "when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price", but this is not something that is realistic to expect, especially in the near future. It's not all that black, there are plenty of merchants who accept BTC as a payment method, we just need to keep in mind that we are in a very early stage of adaptation, 10 years is a very short period of time to achieve global success in something. BTC is specific because of its decentralization, which in some ways complicates matters in a world where everything is centralized.

alyssa85

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Quote from: BrewMaster on January 13, 2020, 08:24:59 AM

well when we get more adoption of bitcoin as a currency all over the world it means there is an increased demand for bitcoin then with something like halving that is cutting the fresh coins entering the market by half we can definitely expect a gigantic price rise equal to that same supply cut. that means a lot of speculators will also be attracted to bitcoin. it is not necessarily a bad thing though as that is also one type of adoption. as long as the real purpose isn't forgotten thing would be fine.

You mean "if" we get more adoption, right?

Adoption was gong great till the debacle of Dec 2017/Jan 2018 when the mempool backlog was 3 weeks and fees soared to over $1000.

Steam disabled paying by bitcoin and they haven't re-enabled it. And other retailers have shied away from enabling bitcoin payment as well. We've gone backwards in the last two years

tsaroz

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This halving is surely more looked over than the last one. 2016 halving created the largest ATH ever in bitcoin price. The last one in 2012 was also followed by rapid growth. It's too unique event to ignore, at least for me.

rodskee

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i see no wrong on your style of investment because Holding is one of the best way to earn in crypto safely,.but it doesn't mean that we will just Hold and Hold until bitcoin Reached 100,000$ because this is not the way i see things must be.

yeah those early adapters made tons of money because they Hold bitcoin for 5-8 years straight but remember that way back the value of each coins are just a penny or a dollar above.

but today?bitcoin is 4-5 Digits in value so Keeping them Holding when they pumped wasn't a good idea,i would rather to sell when i am in profit of 20-30% than just letting the Road dump again while i had a chance to earn more.so we must respect how people handle their investment here in crypto market.

cotton ball

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Don't worry about how much your giving attention on the halving of bitcoin because your expectation with bitcoin price will raise up to higher price, you need wait several weeks later and see how bitcoin price back with higher price and how come halving could give most bigger change of bitcoin can back to higher price again.

mk4

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Some people are expecting price rises after the halving, hence people are really really interested in talking about it. There are people that are in the bitcoin space mainly to earn money off it, and there's really nothing we can do about that.

Quote from: Bitcoin_bullish on January 13, 2020, 07:02:04 AM

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.

I also want that to happen, but let's be completely honest and realistic about this. It ain't going to happen anytime soon. It's going to take a while for bitcoin to have ample market liquidity for it to be A LOT less volatile than it is right now.

k@suy

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Quote from: BrewMaster on January 13, 2020, 08:24:59 AM

well when we get more adoption of bitcoin as a currency all over the world it means there is an increased demand for bitcoin then with something like halving that is cutting the fresh coins entering the market by half we can definitely expect a gigantic price rise equal to that same supply cut. that means a lot of speculators will also be attracted to bitcoin. it is not necessarily a bad thing though as that is also one type of adoption. as long as the real purpose isn't forgotten thing would be fine.

Yes if and only if this will happen the price of the bitcoin will more likely rise that's why our goal here is to promote the crypto world to more people coz it will be a big help for us to rise the demand of the cryptocurrency in order to also rise all of the value of cryptocurrencies.

BrewMaster

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well when we get more adoption of bitcoin as a currency all over the world it means there is an increased demand for bitcoin then with something like halving that is cutting the fresh coins entering the market by half we can definitely expect a gigantic price rise equal to that same supply cut. that means a lot of speculators will also be attracted to bitcoin. it is not necessarily a bad thing though as that is also one type of adoption. as long as the real purpose isn't forgotten thing would be fine.

White Christmas

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Of course we will give some of our attention to the bitcoin halving because this is one of the biggest and most important event in the world of cryptocurrency in which it is very rare to happen, and it only happens every 4 years of the bitcoin or the cryptocurrency.
Many people are focusing to the bitcoin halving that will happen because they are predicting and analyzing what would be the effect of it to the current situation of the crypto market, in which it will help them to decide what would probably they need to do in order to have profit or maybe they can be ready on what might happen after this big event which is bitcoin halving.

Bitcoin_bullish

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I am bullish for the long run and I have no reason to sell, as the way I see it Bitcoin will become massively accepted and widely used across the globe.

Although, I seriously think that we should be promoting Bitcoin for the tech and not for the price movements.
Talking about the price does not provide anything useful and does not help with people starting using Bitcoin. It only attracts speculators.
What we basically need is wide adoption. The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

I think there is something that we don't discuss in the appropriate length and this is the development of the Lightning Network.
With instant transaction speeds and extremely low fees the Lightning Network has the potential to make Bitcoin the dominant method of transactions.
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.

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