As long as people selling bitcoins on a daily basis you will not see any big rise in price any time soon.
When more people are attract to the bitcoin, the buying power will outweigh the selling, the price will rise.
Topic: What is happening? - page 2. (Read 5541 times)
When more people are attract to the bitcoin, the buying power will outweigh the selling, the price will rise.
Probably because everyone thought it would keep increasing is why it hasn't. 
Remember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.
Remember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.
hmm. let me see some dates!
the first block reward halving has happened on 28 Nov 2012 http://blockexplorer.com/b/210000 price is around $12
2x rise happens on feb 2013 (~2-3 months after having)
3x rise on march 2013 (~3-4 months after having)
19x rise on Apr 9 2013 (~4 months after having)
first ASIC system was shipped out to customers on mid Jan 2014 (">https://en.bitcoin.it/wiki/ASIC)--> bitcoin price to the moon but it is after 2 years
am i missing something here?
Your missing the fact that the 2013 rise was completely artificial caused by the willybot. We arent going to get such an insane jump like that ever again. And as price goes higher the actual increases will be smaller. We already got double just prior to the halving, anymore is a bonus.
You are also missing the fact that events back then are not the same with the events that will happened today. We don't need an aritifical bot today because no doubt there's an added numbers of investors today even at small stats.
Also, you just said it, a bot that caused that pump. The large pump can happen again without it. I have no such basis in my claims as Im not an expert but I will stand to my statement.
actually i still don't think halving didn't play any role in the rise. first of all if you read my last comment here you see that i missed the first ASIC miner coming out in Jan 2013 which means the first line should change to this:
2x rise happens on feb 2013 and first ASIC miner comes out in mid Jan 2013 (~2-3 months after having)
so you still can't say halving didn't have any effect because it takes time to see the effect of halving. you can't expect the day it happens, price goes up. miners don't dump coin as they receive it. they keep it for some time.
IMO that's kinda what we're seeing right now. People have stashes of btc in their hands, unless that stash is reduced or gone, or more people get into the btc space we won't be seeing much of the effects of supply scarcity.
Probably because everyone thought it would keep increasing is why it hasn't.
Remember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.
Remember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.
hmm. let me see some dates!
the first block reward halving has happened on 28 Nov 2012 http://blockexplorer.com/b/210000 price is around $12
2x rise happens on feb 2013 (~2-3 months after having)
3x rise on march 2013 (~3-4 months after having)
19x rise on Apr 9 2013 (~4 months after having)
first ASIC system was shipped out to customers on mid Jan 2014 (">https://en.bitcoin.it/wiki/ASIC)--> bitcoin price to the moon but it is after 2 years
am i missing something here?
Your missing the fact that the 2013 rise was completely artificial caused by the willybot. We arent going to get such an insane jump like that ever again. And as price goes higher the actual increases will be smaller. We already got double just prior to the halving, anymore is a bonus.
You are also missing the fact that events back then are not the same with the events that will happened today. We don't need an aritifical bot today because no doubt there's an added numbers of investors today even at small stats.
Also, you just said it, a bot that caused that pump. The large pump can happen again without it. I have no such basis in my claims as Im not an expert but I will stand to my statement.
actually i still don't think halving didn't play any role in the rise. first of all if you read my last comment here you see that i missed the first ASIC miner coming out in Jan 2013 which means the first line should change to this:
2x rise happens on feb 2013 and first ASIC miner comes out in mid Jan 2013 (~2-3 months after having)
so you still can't say halving didn't have any effect because it takes time to see the effect of halving. you can't expect the day it happens, price goes up. miners don't dump coin as they receive it. they keep it for some time.
Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?
Now that it is 2 weeks after the halving we can see that it has no effect anymore. Rewards for miners are cut in half but the price remains the same. No one is speculating anymore that it will go higher and more and more people are waiting for it to go down and are placing their buy orders at lower prices. Bitcoin will go below $600 slowly and will stay there until the end of this year. So it is good to wait and buy more at lower prices.
I was also expecting a big price increase in the time of halving but it not happened, by the way it was also my luck that it increase much higher before halving , now I am waiting for the halving effect which everyone here is expecting for the bitcoin.
I don't know where you have been, but the price has gone up considerably already. It happened before the block halving. Right now we are $200 higher than we were exactly 2 months ago. And when the price reached nearly $800 it was even $330 higher in less than a month! Isn't that enough?
Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?
The fact that BTC block reward halving had no effect on Bitcoin's USD value means that supply is still higher than demand and price is being maintained artifically higher than it ought to be.
Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?
The fact that BTC block reward halving had no effect on Bitcoin's USD value means that supply is still higher than demand and price is being maintained artifically higher than it ought to be.
As long as people selling bitcoins on a daily basis you will not see any big rise in price any time soon.
Probably because everyone thought it would keep increasing is why it hasn't.
Remember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.
Remember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.
hmm. let me see some dates!
the first block reward halving has happened on 28 Nov 2012 http://blockexplorer.com/b/210000 price is around $12
2x rise happens on feb 2013 (~2-3 months after having)
3x rise on march 2013 (~3-4 months after having)
19x rise on Apr 9 2013 (~4 months after having)
first ASIC system was shipped out to customers on mid Jan 2014 (">https://en.bitcoin.it/wiki/ASIC)--> bitcoin price to the moon but it is after 2 years
am i missing something here?
Your missing the fact that the 2013 rise was completely artificial caused by the willybot. We arent going to get such an insane jump like that ever again. And as price goes higher the actual increases will be smaller. We already got double just prior to the halving, anymore is a bonus.
You are also missing the fact that events back then are not the same with the events that will happened today. We don't need an aritifical bot today because no doubt there's an added numbers of investors today even at small stats.
Also, you just said it, a bot that caused that pump. The large pump can happen again without it. I have no such basis in my claims as Im not an expert but I will stand to my statement.
I was also expecting a big price increase in the time of halving but it not happened, by the way it was also my luck that it increase much higher before halving , now I am waiting for the halving effect which everyone here is expecting for the bitcoin.
I don't know where you have been, but the price has gone up considerably already. It happened before the block halving. Right now we are $200 higher than we were exactly 2 months ago. And when the price reached nearly $800 it was even $330 higher in less than a month! Isn't that enough?
You all want the price to rise because you are bitcoin traders, altcoins have come on board to compete with bitcoins.
Maybe it's time to add some viable altcoins to your list of goods for sale...
Maybe it's time to add some viable altcoins to your list of goods for sale...
The having effect on the bitcoin will be felt 5 or months after the halving. So the price will rise a lot early next year.
I think it will rise a bit and the drop dramatically, maybe it's jsut me, but checking the amounts that some pages have
~~~~~
you have no idea what we are talking about!
hmm. let me see some dates!
the first block reward halving has happened on 28 Nov 2012 http://blockexplorer.com/b/210000 price is around $12
2x rise happens on feb 2013 (~2-3 months after having)
3x rise on march 2013 (~3-4 months after having)
19x rise on Apr 9 2013 (~4 months after having)
first ASIC system was shipped out to customers on mid Jan 2014 (">https://en.bitcoin.it/wiki/ASIC)--> bitcoin price to the moon but it is after 2 years
am i missing something here?
the first block reward halving has happened on 28 Nov 2012 http://blockexplorer.com/b/210000 price is around $12
2x rise happens on feb 2013 (~2-3 months after having)
3x rise on march 2013 (~3-4 months after having)
19x rise on Apr 9 2013 (~4 months after having)
first ASIC system was shipped out to customers on mid Jan 2014 (">https://en.bitcoin.it/wiki/ASIC)--> bitcoin price to the moon but it is after 2 years
am i missing something here?
Yes, you are missing that the first ASICs came out in January 2013, not 2014. Or at least they were in full use by February/March 2013. There were two major players, ASICMiner by friedcat (a company that sold shares and traded online only) and Avalon by ngzhang (actual ASIC miners).
thanks, i did not know that.
now i also found this http://bitcoin.stackexchange.com/questions/40944/when-did-the-asic-mining-era-begin which approves what you said.
apparently "Jeff Garzik" is the one of the first to receive an Avalon miner on Jan, 2013 and post a review about it.
It will grow but now growing is slowlier and slowlier so it needs mire time to wait to grow for bitcoin cryptocurrency up and i think that it will not happent this or next month.
hmm. let me see some dates!
the first block reward halving has happened on 28 Nov 2012 http://blockexplorer.com/b/210000 price is around $12
2x rise happens on feb 2013 (~2-3 months after having)
3x rise on march 2013 (~3-4 months after having)
19x rise on Apr 9 2013 (~4 months after having)
first ASIC system was shipped out to customers on mid Jan 2014 (">https://en.bitcoin.it/wiki/ASIC)--> bitcoin price to the moon but it is after 2 years
am i missing something here?
the first block reward halving has happened on 28 Nov 2012 http://blockexplorer.com/b/210000 price is around $12
2x rise happens on feb 2013 (~2-3 months after having)
3x rise on march 2013 (~3-4 months after having)
19x rise on Apr 9 2013 (~4 months after having)
first ASIC system was shipped out to customers on mid Jan 2014 (">https://en.bitcoin.it/wiki/ASIC)--> bitcoin price to the moon but it is after 2 years
am i missing something here?
Yes, you are missing that the first ASICs came out in January 2013, not 2014. Or at least they were in full use by February/March 2013. There were two major players, ASICMiner by friedcat (a company that sold shares and traded online only) and Avalon by ngzhang (actual ASIC miners).
but it is also a fact that some people were thinking that after or even just before halving the price of bitcoin will fell down to very low level. but we can see that nothing such happen. and the price remain stable. and i think that is a good thing about bitcoin because it is now expecting that the price of bitcoin will increase so much.
it would be a strange thing if the price dropped, a lot of new people got interested in bitcoins and wanted to make money so the price had to go upNo such thing as big price drop will happen, at least in my own point of view. After block halving, if price will go back to the range of below $500 then that is totally a failure to consider in the bitcoin history.
We must set $600 now as the bottom because that is the real thing to happen.
Probably because everyone thought it would keep increasing is why it hasn't.
Remember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.
hmmm, well you might be right about it, people were expecting for price to grow and they did not buy anythingRemember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.
i hope that people will soon realize that it is still a good opportunity to invest into it and they will put a lot of money into bitcoins
but it is also a fact that some people were thinking that after or even just before halving the price of bitcoin will fell down to very low level. but we can see that nothing such happen. and the price remain stable. and i think that is a good thing about bitcoin because it is now expecting that the price of bitcoin will increase so much.
it would be a strange thing if the price dropped, a lot of new people got interested in bitcoins and wanted to make money so the price had to go up
but it is also a fact that some people were thinking that after or even just before halving the price of bitcoin will fell down to very low level. but we can see that nothing such happen. and the price remain stable. and i think that is a good thing about bitcoin because it is now expecting that the price of bitcoin will increase so much.
it would be a strange thing if the price dropped, a lot of new people got interested in bitcoins and wanted to make money so the price had to go upJump to: