Topic: why I bought (Read 5001 times)

There is definitely a lot of speculation regarding the block halving and the affect it will have on the value, but keep in mind a lot of the value is derived from what miners are willing to sell at to cover their costs and make a profit. If the halving really does have an affect, then we'll see the miners selling their Bitcoin for more. They have to eat too.

The initial value during the halving will definitely be speculation-based, but I am confident the base value will become apparent soon after it does occur.

the effect of block halving is mostly based on the speculation about supply and demand that will change because of the halving. it means when the block reward halves there will be less supply available, because there is less bitcoin being created so as the rule of supply and demand suggests, less supply with the same demand means increasing price.

I am not sure about the effect of the block reward halving. But when the bitcoin is used by more people, the price will go up.

I am not sure about the effect of the block reward halving. But when the bitcoin is used by more people, the price will go up.

why would this be dangerous?
keep in mind that btc price is uncertain this block halving, it may go up or it may go down. no one yet has forseen which way this is going but one thing is for sure while btc rise most altcoin will also rise.
if btc goes down, some altcoins may stood still.

This view is dangerous.
But if you have a tolerance of way you can mitigate your risk, then why not lol.
But I think newbies should stay clear in the alt coin section until they are more familiar with bitcoin 1st.

Reading over threads on this forum I've learned quite a bit about mining and the community in general.
But the reason I bought bitcoin has nothing to do with the former or the latter.

You see I'm one of a small percentage in the USA who reads/listens to news outside the USA. Most people I speak to have no clue what is happening in Europe, how the death of Petro-dollar is meaningful, ZIRP influenced stock market Bulls, overinflated housing valuations, trillions in student loan debt, Vehicle lending bubble, crashed Baltic dry index, emerging economy bond debts, low income per household,  oil hedge covering by the Fed and Treasury, COMEX price rigging, overvalued dollar, FATCA, TPP, on and on.

Pretty much I've sounded like a crazy person to most but that's OK.

Why am I writing this?
Well its because people seem to have a brain around here so if anyone wants to hear some very interesting info Jim Willie (goldenjackass.com) gives some animated, resourceful and so far accurate underground info regarding government level corruption and how it will crash the dollar which chases wealth into other Venue's like gold, silver, BTC.

You see BTC isn't going up just because its the nextgen of wealth.
It isn't just going up just because working BTC commerce and investment platforms have surfaced (yet to fully mature).
BTC is also going up because people like myself don't want to play Yosemite Sam guarding home based Bullion, nor do we wish to gamble with TSA screening for metals. Bitcoin is perfect for its time and the incoming wealth is just beginning.

Well done and enjoy the ride (don't sell).

Btw BTC market cap of 7billion is nothing in grand scheme.
With Commerce support maturing I'm seeing 3-5k per coin (or per 100,000,000 Satoshi).

If retirement wealth comes around we are talking above a market cap of 1trillion.
This is a worldwide platform, very private, and very secure.

I will hold most of my coins. But I will not sell. I will just use some. That is same as selling but make it useful.

I would not take the risk to hold Bitcoins for so long because it is a gamble that you take. You will never know how Bitcoin is going to be at that point in time.
So I would at least try to sell some of them now and save some for later.

We don't know if bitcoins will even exist in the next 100 years. I think a new better system might take over bitcoin in the next 50 years.

There's definitely worse ways to spend your money,  and stay away from the casinos and bitcoin securities and all that crap.  There's a million ways to get scammed.

people of course like the fact that they can use bitcoin as currency, but 95% of the people simply buy bitcoin to make profit. i personally also like the decentralized aspect and the currency aspect of bitcoin, but probably the most important aspect is that it allows us to make profit. that's what we all want.

bitcoin has a really good future since the beginning of this year, due to the point the bitcoin is getting more popular everyday, also the halving is coming so that is another point why you should invest.

bitcoin has a really good future since the beginning of this year, due to the point the bitcoin is getting more popular everyday, also the halving is coming so that is another point why you should invest.

There are far better coins besides bitcoin though but btc still can be the best you can have since people prefer and merchants accepting it than any other coin.
who knows what could happen though 0.1 btc may not be worth keeping after halving.

I think there's no better coin and i think bitcoin is always better than other altcoin.. because its really profitable if you have a lots of money to buy bitcoins right  do it now and wait for block halving and make double profit or more..