Bitcoin Forum

I had a dream, a dream in a world where bitcoin its in everyday use, where people full of greed accumulates and holds Bitcoins like precious metals waiting for THE HALVENING.

A world wide tradition that happens every four years and can turn the poor into rich and the rich into poor

That's what will make Bitcoin to success, GREED

so was bitcoin going up in your dream? or was it going to crash?

It just a dream kid go wake up and back to reality. I dont think poor people will get rich for using bitcoin because they dont have money to invest in bitcoin 4therefore low chance for them to earn big. And surely will earn for that event is those rich guys who have stock many bitcoin in their wallet and waiting for price increase to soar high. And that is my though for your post.

well actualy everyone can invest in some mining gear set it to solo mine and pray to the universe you get a block like I did...now trading i doubled what I got from mining !
now i just trade for a living so its deffently doable ! and ofc hoping for a price increase to get realy rich :)

You've made a new account specifically to come and say this?
Lol, what is the point even? :D

It's lack of self esteem. He's concerned about sharing his dreams using his main profile. Must be a very shy boy.

If the halving is going to happen it can be good for the people that want to buy coins this way you can get Bitcoins for allot cheaper. But if you want to sell I suggest you do it before the halving happens or you have to wait after it.

Greed drives the capitalistic world.
There is another factor which might lead to Bitcoin's failure - fear.
Which one of these factors will prevail, we have to wait and watch.

Thats what every kids here dream including me  :) start accumulating its now or never guys.

Nice poem mate.

What if it goes the other way around? Instead of people accumulatin it before halving, they decided to sell their coins immediately thus the price drops in the future. It's a bummer for those wgo bought at a high price, isn't it? :D

No because they still have buying power if it comes to this.
The ones who bought at a high price from over a year ago don't feel regret. They were probably investing using it and have cut any losses that have come to the decrease anyways. It all equals out in the end.

that's have high possibility to happen if the price suddenly drops about 5% i'm sure people will massly selling or you can call it a panic sell,and this trends will be continued person by person, and as a result, bitcoin price go down a lot

i'm sure that era will come,the century where all your dream come true,bitcoin will become legal and global currency,its happen when Digital era come to this world.

hy they should sell when the price is so stable that there is no reason to dump at all unless you want to miss a great opportunity with the next pump

the next pump is almost guaranteed, i've always seen a increase after a calm like this

I know the halving can change up things and if the price is going to get lower then this is a great time to sell some coins and buy when the price is going to be lower again. You will make a profit for sure.

Bitcoin will become legal?
Except in a few looney countries like Venezuela, Bitcoin usage is legal in most parts of the world.

This kind of irony always make me laugh. This guy is in totally contradiction with his words. I'm not sure what OP suggested here, and I think he is just trolling around the forum.

Bit coin will not crash that is sure thing, and how much it will rise after halving or it will stay same it's something we can discuss. My opinion is that btc will rise in upcoming months.

The hype has already driven bitcoin to very high levels. If people are disappointed after the block reward halving, they are likely to exit.
If a lot of people exit, there definitely will be a crash.

The halving can come in soon but I am not sure when it is going to happen and what the price is going to be after the halving. I hope that the price will reach $700 before the halving comes in.

I hope so too. I hope that bitcoin will surpass 1200$ in price at the peak of halving and I also hope that it won't fall until july ends.  ;D

Here come's the pump.. Just watch for the dump at the 950+ mark on the markets. Looks highley likley to be the outcome then another long period of calm again.
For some this halving will be the time to cashout and run..
For others its the begining of new wealth!

Its how bitcoin was supposed to be!

The price of bitcoin will continue to rise because of the chinese traders who are in panic buying and causing for the price increase. I think aside from chinese can pump the price of bitcoin they will also can dump the price in just a couple of days because majority of the investors in bitcoin are chinese.

BTW, it is "halving", not "halvening".

When you "halve" something, it is a "halving". When you "halven" something, it is a "halvening".

Lol ,im confused about the title too.  Halving is only a month away to occur.. and it can break the highest price of bitcoin by then.
2000$ ? Possible to reached that price becaused of this price increase that happens everyday.

I just assumed that, like hodling (https://bitcointalk.org/index.php?topic=375643.0), whiskey was involved in the spelling.

btc price is still toooo low for the halving already incoming in 13 days  :'(

Well, we have certainly seen a great pump as we edge towards the halving right now, however, is it really because of people's greed? I guess you could say that, as it might be just a hype that will disappear.

But I think the price will stabilize at a level sooner or later.

We are going to break the $600 and that is because you already can see now that the value is going to be more worth and that is really nice if that is possible and if we can earn profit soon because we already waited a long time for it.
So it would be nice and the halving is also coming towards to us and that can be perfect if it is rising in that time but you are not for sure that it is going to rise but just a prediction.

$600 is history now, $800 is now target to hit as price is going high very quickly and we may see this price in next couple of days as we get close to halving.

Greed usualy ruins everything, it's interesting how you think that greed is actually good for Bitcoin. So, your dream, how does it end, goodw or bad?

Same speculation, highest pump then dump(maybe after or when halving is happening). It seems like this repeat just like last halving happened. Im still waiting for a real pump(meaning it wont dump so much) and I hope that will happen after 5-10 years.

Greed is something that can make you loose your money, I am not too greedy so I sold some of my coins yesterday when price was above $700 and earned good profits.

without that i don't think any person will continue to live in this world, those person who do not greed for earning some money are considered as lazy and remain far away from the remaining community and he will be unable to support his family.

i'm so hyped for this im ready to see bitcoin hit 1k again  ;D

That day will come soon now, be ready for halving and we are now close to 4 digits price, hold your coins and do not lack your patience at the final stage.

Lol greed will not make anything into a success. The success of Bitcoin in short term is from the halving yes and it is a big deal as it gets people to speculate to buy instead of hold or sell, and it keeps the price rising while being stable, but using Bitcoin as currency is what makes it grow in value. Bitcoin doesn't need to be $1,000 per coin. It just needs to be used by the entire world to do normal every day things.

You wont know the medium price until after this mess blows over to finalize a price that holds.

It can be easily $1k and then drop back to high low $600ish or even less.

25, to be precise  ;D

My first thought was that we would see 1000 again. But you should compare the situation
Back then the rise was due to 1 exchange: Mt Gox, which was manipulating.
Today's rise is part of massively buying bitcoins Bitcoin is more widespread then in 2013

You are going to be so disappointed when you discover that all this halving hype was just fantasy.

Don't forget we can't expect a prolonged high period that would price people out of buying or using bitcoin and could also have a negitve effect. So many variables to think of its one of those situations we will all just need to wait and see what happens.

Halving has no exact date its all about an estimate. Estimation of the date is calculated for how many blocks has been mined and how many block will still need to be mined(which is determined by days).

Definitely. I think it will be pretty soon when we see that 4 digit number again, although how soon we don't really know right now at the moment. Holding your coins with patience is very important.

I'm hyped too see see what turns out to be the result.

Maybe soon would be next month as halving is keep on approaching but I think after we reach 4digits it will decrease quickly after the event because most people will sell coins thus making the demand fall.

No, it is not greed, we should not have to call it as greed, but it is the struggle of every person which he/she make everywhere in any financial/professional field in order to get some profit, without that it become much harder to survive in this world.

Don't be bored on waiting for the price to increase just sit back and relax and be positive that the bitcoin will reach up to $1k per piece.

That value is easily achievable now as we have already crossed $700 today and we can expect $1k or even higher at the time of halving so lets hope for the best.

Its hard to say that Poor will become rich, If they dont have the capabilities or knowledge to use bitcoin they wouldn't get rich.

I believe that we can reach $1000 too, I see pumps going very high quickly if this continue, it will be an achievement to bitcoin again. I still hope its not a manipulative price.

Yes, the price will be stabilized but I don’t think that it will stabilize very sooner, it will take a few years as now the halving is going to happen so a continues increase is going to happen for the coming few months or maybe till the end of the year.

the price of bitcoin will not be stable ever in my opinion mainly because people themselves control the bticoin price so it can easily fluctuate wildly if people only buy or sell bitcoins

the halving will surely make the price go significantly up thus making all investors a lot of money, also the price of bitcoin bight drop right after the halving though i think that it will soon stabilize

Yes I agree with you stability will not come sooner, because of halving rise up and the other factor for delaying stability is un-mined coins and people adoption rate, when the un-mined coins are mined all, and when the adoption rate come to stability, then I think there will occur stability.

Stabilization will not happen because of active traders here in bitcoin market also agree with the current halving it will just bring more an active fluctuations.

Bitcoin will just stabilize it's price if it's most use as a currency and not on investment like doing buy and sell of coins.

how can the poor people turn into rich because of using of bitcoin if they don't have a budget to invest on bitcoin maybe they can earn it but it is not so big  ;D ;D btw sorry i forgot you are just dreaming about the world where their worlwide currency is bitcoin  ;D ;D

Increase in price is not the only way people can benefit from Bitcoin. There are a lot of second generation applications being built on top of Bitcoin. For example - if Bitcoin enables low cost remittances, people will benefit from it.

that is never going to happen and people have to stop seeing bitcoin as a way of getting rich over night just by holding it.

but this can easily happen to anybody who is willing to make an effort and try their best to earn money over time and really work for it.

yes if it does not have the same bitcoin. the rich are those who have a number of bitcoin lot. some people dare to buy bitcoin today on the grounds that the price will go up after halving bitcoin.

do you guys think the price is still too low for the halving incoming? i mean its simply maybe about 20 days and its only 12,5 bitcoins per block :D that isnt very much.
anyways what do you else excpect from the Halving ?

He is too scared to post it on his main account because he thinks people are going to judge him. I personally have never had a dream about Bitcoin. That is just a bit weird.

The halving is coming soon and it is going to change some things, it will be harder now to earn Bitcoin so for the people that were mining this is really bad news.
Besides that I hope that the price can reach $800 before the halving comes in.

I think it's not really a bad news for miners. Because the price is going up and adjusting to make mining bitcoin still profitable even though the mining difficulty will increase and the mining block reward will be half.

I also hope for that price to reach up to $800 per piece before halving and i think that it is possible because now the price is ranging $600-700+ per piece so i think it will be easy for bitcoin to reach that price expectations.

The halving is going to happen soon and I am curious about what is going to happen with the price after the halving.
Do you guys have any idea of what the price might be after the halving because I do not know what to expect.

Unfortunately I agree with you and I think the demand and sell balances is changed to sell so prices may decrease after halving.

I tend to agree with the people who think that the price will go up, up, up... only for the simple reason that everyone is speculating that it will either go up or drop for a bit and then go up... everyone is expecting it to go up either way and so there's your demand... with a shorter supply, there will be a frenzy to grab as much as everyone can.. There's your supply.

Hmm, Supply and Demand. Think that may play a part in the pricing somehow.

The question you have to ask during this whole halving event, is will there be enough of a demand of buy orders on the other side.

As while these sell off happens and if you dont, it just create panic as well making the price go down to what it was originally.

That is right :) Halving will cause for a massive drop because almost users mindset is just to sell their coins because they only know that they will earn a lot of money by just selling all their coins and if that happens it's one of the great opportunity to take advantage of because it will result for the price to drop to $400 or below which is good to us traders/buyers who want to save some money and buy bitcoins for a cheap price and hold it and wait again for another price increase ;D.

I'd guess this post are the type of post intended to gather posts and activity as to this is his alternative account..... LOL

That makes the price, not part of it!

Yes. After the award of reducing the situation may develop in two opposite scenarios: on the one hand, the prices of cryptocurrency can continue to grow under the influence of a lower award. On the other hand, Bitcoin exchange rate may go down: fear of instability, investors will sell their cryptocurrency assets.

Another possible consequence of the reduction in awards can become bankrupt or closing miners: some of them have to stop their operations due to the drop in revenue from of mining.

Currently everyone is exicted about the halving. and because of halving hype bitcoin price is increasing. Once the halving is over we shall see how bitcoin reacts to the massive selling pressure.

Its really hard to predict now of what could be the price after halving. It can go down to as low as 300$ or maybe it will remain stable at 650$ .
It all depends if the bitcoin managed to reach an attractive price which may cause the bitcoin holders  to sell the coins.

Yeah, when the halving hype is done, i think the price of bitcoin will decrease and back to normal and before it happen it's better to sell all your bitcoin.

it is very difficult to predict whether the price will drop or stay back the same or increases, but i believe that the price wont fall back to $300 again.

The halving is going to happen soon and that is attracting allot of people which could of course lead to more users. I am curious about what the price is going to be after the halving.
Maybe the price is going to drop because people want to buy coins because at the moment the price is pretty high.

The halving is going to be soon and the price at the moment is still, what I hope for is that after the halving the price is going to rise again.
I want to price to be $1000 this year because I have been waiting some time for it now.

Your dream might turn into reality and it will happen someday in the near future. The best thing you mention is the poor becomes rich and the rich becomes poor. It will be only possible if after the halving the bitcoins price will tremendously go down and the rich who has big amount of bitcoins will go poor, and the poor at that moment will be given a chance to purchase bitcoin and when it will increase in price the they possibly get rich.

It is possible Xester,but we cannot get ourselver over-excited like a bunch of kids.That is what most people do,because there are so many dreamers at this forum i cant even believe it.
Bitcoin can really be somekind of future coin,but in a really long time,and i would say something else will be invented for that purpose,not bitcoin.

What do you mean by "normal"? I agree that the last price increase was due to people speculating on the future value of Bitcoin. But if you understand how the halving works, you will realise that tomorrow, when block 420.000 is mined, the supply of new bitcoins will be halved FOREVER. And after 4 year, it would be halved again. The supply of bitcoin is a finite amount, it will never go beyond 21.000.000.
This means that the real effect of the halving is not what we see now. In will be in the long term, when people hopefully will want to buy bitcoin and there will be less and less in circulation.

IF you just a middle class person and get into bitcoin on it's early age then there's  a chance that you'll easily get rich in bitcoin if you use to hold it until this year.

The halving will be profitable for us all and I think we can make a lot of money with just the halving right now.
Its very nice to have the halving near its gonna be very profitable.

The block halving still 2 day left
but the price of bitcoin is down today. I guess after the block halving the price of bitcoin will rise.

The price could drop for a few more days, then it might rise after the halving. The whales are getting more coins.

The whales are 100% getting more coins right now, there's no way that the market just happens to be propped up at $620 after a relatively astounding dump just hours earlier.

I kind of wish I know what the lives of these whales was/is like. Are they high-up white-collar workers or CEOs that got involved, or are they stock brokers or day traders that are also involved with Bitcoin and just have that much more money available? They seem so much larger than life.

The halving will take its effect in the next few months or years. The price will rise due to the reduced supply.

The supply is not reduced. It increases toward 21 million with every block.

The daily supply of the new coins are reduced, or you can say the rate of the new bitcoin growth reduces.

I see that you have a full understanding, but "daily supply" is a poor term because the supply of bitcoins each day includes all bitcoins in existence, and not just the ones produced that day.

"Production" is a better term than "supply of the new coins" because it is more accurate and accepted, and it isn't as confusing.

It could go both ways, as the coins mined are the only 'supply' to the miners trying to make money.  Really it just comes down to semantics.

Anyway, I've been saying that nothing much was going to happen to the price for a while.  Everybody knew when the halving was going to happen and bought coins accordingly, so there really was nobody to make the price go up when it actually happened.  I could see it potentially being something that helps the price slowly grow to a point that the bull market takes over on it's own, but not something that's going to shoot us into a new bubble without any hype.

We're also going to need to overcome all the people that overbought BTC in preparation for it and are waiting for a good point to cash out.  The second we hit a landmark amount like 700, there's going to be a lot of sells from people just trying to make a quick buck.  Only after we overcome that can we actually discuss a huge price raise.

That is right. When the bitcoin price rises, some holders will be attracted to sell their coins, that will increase the circulation.

It  actually reach $650; in any case it should at least be double to what the miners where earning before. And yea it shouldn’t be much of concern if the pay rate is still the same; but if it goes to around $900 I bet that actually compensates for the halving and the mining difficulty.

weren't miners earning on $450 before the halving? therefore it need to be $900 for them to be sustainable, but they also have a better efficiency now with antmier s9, so maybe 600-700ish is enough for them

... except that you can't ignore difficulty, or even assume that it will be constant.

your intensions on halving are not very good its because you have some misknowledge about halving. halving does not increase the bitcoin price its just halfs the block rewards which miners are getting for every block

The halving will reduce the supply of the new coins. If the demand is the same, the price of all the coins will rise.

This year's halvening is very disappointing, though it's good that weeks before the halving the price kick happened but during halving there was no increase in price of bitcoin. Moreover the latest hacking in bitfinex has made a price deflation on the màrket and no one know when will it increase. Maybe when Kim will launch his bitcache then that's the time bitcoins price will inflate.

The halving price were the real one and not what the most were expecting that should be bitcoin reach 800 dollars and find support there, people didnt saw the facts, bitcoin were at 250-300 dollars, soo halving price is around those, at 2020 i do believe 900-1000 dollars will be the new value.

truly a strange dream, when the poor become rich and the rich become poor, should the rich became richer, because they have obviously been holding bitcoin and invest in it. while the poor may only hold a small amount and can not become rich just

Statistics for the previous halving show that the value of the Bitcoin doubled to become $400 and as you can see now, it has gradually increased to $650. So statistically speaking it should reach to $800+ after the halving a continue to increase till the next halving.

Also If you say it would hit as low as $300 then a lot of miners would probably stop cause that means their payment just got halved, why would they continue? That being the case, bitcoin circulation would be more difficult.

That's just a simple answer because for defining doing the mining is not profitable in this time a lot of people just considering from 1 perspective and they're not considering from the another reason from halving.

If your electricity price is low and heating is not a problem, you can continue mining. It is still profitable.

It is better to mine with the newer cards. The resale value is also quite good and you can mine  more efficiently.