Bitcoin Forum

So how come that the halving block reward happened two weeks (almost) ago and the price still didn't place , there is no increase and It seem pretty stable ?

the price just increases for a little and I saw that in my local exchange but with a stability. not rising with a frontal condition. I sure it's will increase for a little in every week but with the stability. maybe the main effect it's not just about the increase of price but about the increases and the stability.

Price is just driven by the people buying and selling. The only reason price would have increased would have been by speculation and the fact that block rewards are down so price should go up. But at the same time a lot of people have also started selling their btc and the upward movement is facing the resistance from those sellers. So its about the same price right now. Its hard to say that it will go up in the future for the same reason.

I think that's probably the only condition that has not been stable, so prices can not rise drastically. I think that's not a problem, because if we buy a bitcoin before halving (over 2 months ago before halving) then the price is now more profitable and it could make us have fun

Bitcoins are rarer now but that doesn't mean anything if demand remains unchanged. I think we're doing pretty good right now, I was actually a little worried we might experience a dip. Value will likely go up gradually as more people join but this will take time. A slow gradual increase is always better than a rapid one (unless you're a speculator).

price depends on market demand and supply while halving has reduced the reward for miners,it has not decereased the supply and availability of bitcoin in market.It may take some time for halving to affect market forces.wait and be patient we can see new records towards the end of this year

as observed  bitcoin price increases little bit and goes stable,  i believe people are waiting for the price to increase  , hope that once demand increases bitcoin price may go high  :)

If demand stays the same , won't the price increase as well ? since there is less supply , I don't think demand should increase so the price increase with it .

The halving was already priced in before the day actually came.  We already doubled from where we where some months ago and now we are sitting fairly stable  (maybe the most stable we've ever been) at 650-700. Theres still great possibility that we will go up but it's extremely difficult with the amount of weak hands that are happy to part with their bitcoin in the 700-1000 range.

I predicted that in several posts before the halving. All the halving effects have been priced in months before the actual halving event. One year ago, the price of Bitcoin was around one third of the current one. Halving was already discussed last year, and most of the expectations and the fact of limitations of new Bitcoin creation was steadily priced into the Bitcoin value. Therefore it is not such a big suprise that the price is not making big movements.

Halving effect has already took place at some point but not finished yet, as network diff rising and profits for miners shrinking there are more yet to come, maybe it would be in 1 month 6 ? no body really knows, if small miners percentage shrink & more big mining companys come to play they we should see a rise, cause companys have a plan at which point they will cash out or hodl versus to a small miner that have to pay his bill and with no (or even 0 ) backup fund.
So we need to stay tuned ! and watch the price rising.. hopefully !  8)

Obviously the halving doesn`t affect the bitcoin price.

The price went from 420$ to 770$ because of the chinese people who were buying lots of btc.

The chinese people stopped buying and the price isn`t going up now. :(

You can clearly see how the price went double for the past 7-8 months from $350 to $650 now. This adjusted for the miners' losses.

Furthermore, every serious miner knows really well about the halving and has made his plans about the future. If one was to stop mining, he would do it months before the halving so that he can sell his equipment

I think this is healthy. price becoming stable for bitcoin means merchant won't be hesitant in adopting the coin.  Normal non investor people will also take notice of using bitcoin becausee they somehow feel that the moment they buy bitcoin, they don't think that they paymore and received less.  It will also good for Bitcoin to have price increase slowly not a sudden bubble then burst.

I think in order to feel the effect of halving we still need time, eventhough i am a bit surprised that the price is still as high as before halving, maybe we can feel the effect in few more months, but for sure the halving effect is going to happen

my first experience for halving but honestly i'm a bit dissapointed because even though the prices looks stable but it was never reach again to $700 above even i do expect 1 or 2 weeks later after halving the prices will increase but unfortunately it does not happen

And what effects do you predict?

I speculated before the halving that when it happens, the price may have some correction because many people are waiting for the dramatic increase and when they don't see it they will sell. so I am happy with the stable market. it is better than the falling one

My bad, what I meant to say is that Bitcoin being rarer doesn't necessarily mean the price will go up even if demand remains unchanged.There are fewer Bitcoins being produced but for this to translate into a price increase, people need to be willing to pay more and that's not a given. Miners need to sell coins to pay for expenses but buyers don't need to buy coins. Sellers cannot really dictate the price since Bitcoin is not a necessity. However there is a good chance the price will slowly go up as more people get into Bitcoin.

Automatically price will increase due to because bitcoin network user transaction are grouped in blocks and recorded to digital public ledger called a block chain. So miners are in charge of this task, and receive a mining reward in the form of bitcoins for each block recorded. That's the halving procedure so definitely there should be increase in the bitcoin price.BTC

it came from 400 to 800 really fast, so chill... a little consolidation is normal.

Yeah and its really good to see price stable at a moment even after the halving, as it was predicted that price will go $600 after the halving but it didn't happen.

Time... we need time, it doesn't happen in 1 second, 1 day, 1 week or a month after the halving. It takes a while, first of all we need more people buying BTC. And this will happen soon, because even I found out about the halving this year late (two days before it took place). Don't expect a rise to $10k in a week :D

yeah i also notice that the price are still at level 600 value.. but the price of bitcoin right now is still stable at this level..
I feel the price will be the same as last year we will see the price again will increase on november to december..  just like past 2015.

This always happened, we always have a higher price during holidays. I guess it's because that's the time when we buy & sell our BTC most of the time.. We'll see a slight increase this winter, but the sad thing is that it's always falling after winter goes :(

Yes the price is same after halving.But halving mainly affected to miners who are mining bitcoin, not for the people who are buying bitcoin and selling bitcoins, still there is a chance to increase in the price.

Did you not notice the price rallying for months approaching the halving? You are not the only one who expected the price to rise. :D

Yeah i just notice it too that every time there is holidays the price is increase and after that the price will fall again but november and december is a long journey i think we will experience of crisis first in this following months before november..

Yeah it seems good that price is stable now after halving, and it will increase in the last months of this year. And some people predicted that price was decrease after halving but it was not happened so it is very good for users of bitcoin.

Well it is ok to me to hold my bitcoin more months because i think we will see the best price of this year.
I just watching the price but i feel that the price700 to 900 value will hit this  coming few months..

The buildup to the Halving event, were the phase you had to watch and not the fallout after the event. I even predicted a huge decline in the price, if the buildup were stronger and loads of people

dumped prior to the event. The buildup were the "hype" phase where speculators were driving the price upwards to make a big profit with the dump phase... but the dumping never happened. The

price were too low for people to dump. We should be lucky that the price did not reach the $1000 to $2000 price range, because a lot of people would have dumped at these levels.  :(

I am also wonder that why is it happening, I heard from someone that in the previous the price increased after some months in the end of the year and so this time the same will happen, I hope that the price increase in the end of this year.

Yeah everyone is hoping to see higher price at the end of the year and that is the reason people are not selling their coins at a moment as everyone is looking for higher profits.

I'm starting to think that the Darknet is the only thing that keeps Bitcoin from collapsing as everyone is keeping their coins and only the DARKNET marketplaces users are the one who are buying and spending .

yes most of the people said the price of bitcoin will rise after halving some said the price will be doubled.
Thats the speciality of bitcoin no body can ever make correct predictions about it.

I don't understand how people think something very predictable has instant effect on value.
People have seen this coming since literally the start.

Correct, but still i think we will see its affect in some months and surely we will see a price increase of bitcoin.Its stable right now but it may be the silence before something big coming. ;D

In my fair opinion price has nothing to do with halving all that was hype. Halving assures one thing that price after all cost of mining should not be under 380 $ approximately. If we look at the price now we are still very high than these bottom price. I will be much more happy seeing price stable at around 650$ than any temporary increase.

yes and that s the beauty of bitcoin i think. for me i think the most important thing is that the bitcoin rate should remain constant. which is the proof of stable bitcoin. it is is stable because people are still interested in bitcoin.

Expecting price increase in suffocated network is nothing but a delusion. If it continues that way, we can welcome ~200 USD and in the same time Ethereum around 50 USD which will mean Ethereum would be on the throne. Could happen in timespan of one month if you ask me.

Traders will never entertain the stable price of bitcoin as it will not allow them to make regular profits, but normal and new investor will prefer to invest if he see price stability.

I assume that the price increase before the halving was because of anticipation of the halving. It looks like the price was already adjusted, but we know that there will continue to be fluctuations based on demand and supply.

We have waited for 2-3weeks now but i think that we need more time to wait maybe few months until we see something, the good thing is that the price hasnt crashed hard.