Bitcoin Forum

...Is that what's happening right now? The classic age-old investing advice? Everyone's buying like crazy on the "rumour" in preparation for a big dump on the news? It would have to be a pretty big dump to counter-act the sudden mining supply halving, but whatever, sentiment can be pretty strong in either direction.

 ;D

Shhhh ;)

Bitcoin market was never 'logical' bitcoiners tend to be very emotional about anything, mostly any kind of bad rumors had previously huge impact on the bitcoin price.
I thought that recent price spike was caused solely by Chinese depositors who bought BTC to transfer it out of China and then exchange to FIAT, but it might be something more.

For know I say people are reacting overly positive to approaching halving hence high BTC price.

You disappear for a year and a half, then you waltz up in here like everything is fine and dandy and expect advice in one thread and now this? :P Welcome back!
I have actually had this same thought recently. If LTC is any indication, the halving rally can be pumped up and dumped before the zero hour even hits. Since old timers know how it can potentially play out, and newer players want a piece of the action, everyone piles in early, front running the expected rally and exhaustion sets in prematurely. We also know how Bitcoin has the ability to take what is believed by the masses and run in the opposite direction as a sort of F U in the face of the market. Path of least resistance? Or path of greatest pain? That is the 21M BTC  question.

If you are in profit, then it makes sense to realise some of it. That way you won't feel bad if it tanks. If you bought in at $200, then sell half, and at least you will have got your initial capital back, and the rest is just a fun gamble!

I think it was the Rockerfellers who said "No one ever got poor by taking profits".

I also think that there is something about in the current behavior of the bitcoin price. Ultimately it is well known that markets are all about speculation, and the altcoins market is not an exception.

The halving is a fundamental, not an insignificant "news".  For example, Bitmain's new 16nm miners just came a couple days ago and they would take something like a year to ROI, this means they're selling the things with prices in mind of Bitcoin being something like $1000+.  You would be receiving a massive discount right now by just buying Bitcoin itself instead.  This is one reason why the price is just going to keep going up and up until the dollar cost average advantage of purchasing BTC instead of miners diminishes.

it's a basic way to trade bitcoin, forex and anything (no for altcoin sometimes rumors can't make price rising)

Heh what can I say, I forgot my password  ;)

Market seems to defy the masses' expectation in strange ways. Time to get out the popcorn.

Rumors and News and also one thing and it is REALITY.
should live in reality and search it himself about the confusion of the bitcoins, than you will see bitcoin is already going up and bitcoin price is really growing and halving mean to get profit from the bitcoins.

so we must buying bitcoin now (block halving rumor) and we must sell our bitcoin at news ( if the block halving done) ?

nice idea, but now im not have any bitcoin, just keep to collect bitcoin every day as much as possible.

Well, buy the rumour, sell the news. That's a great advice to have. Although I think halving is a different scenario because it's not a rumour, nor will it ever be news. It's a fact and it will remain fact after the halving.

The halving will have an effect on the supply and demands of bitcoin. And that's why it's going to drive the price up.