Bitcoin Forum

There are only 3.8 million bitcoins left to mine (>80% of all bitcoins that will ever exist). http://www.bitcoinblockhalf.com/


Update: The days are getting closer and I can already notice people using this event as means to hype up the crowd for a radical price increase.

Sent you 1 Merit point because HODLING is a very good idea & a near certain way to guarantee great profits in bitcoin (if you have a lot of patience & can sit on your coins for a significant amount of time).

If you look at a long term chart detailing the price after each block reward halving you will see significant increases in price.

I wish more people were like the OP & stopped panic bitch selling.

HODL & you will be greatly rewarded my friends.




Not quite -

Reward-Drop ETA date: 23 May 2020 15:07:17

Yes me too im just doing bounty then hold i dont dump my coin i just hold i know a lot of person who gain 500%-1000% for just holding

But people are not gaining anything unless they sell.  That's why I don't agree with holding.  The holders are enabling the others to take a profit.  Because if the holders took their profit there would be less profit for the non holders. 

OK master.... Your post encouraged me more because surely when bitcoin increases, altcoins too will appreciate. So whichever shit coin (probably got from bounty) that survives at that time, will mean cool money  ::)

2 years before we can see the price will jump again just like what happened last year.
I think the price won't fall below $6k just like what happened last month so if you are holding bitcoin better to wait more days or weeks and I hope that bitcoin price will recover again.

We know bitcoin is unpredictable anytime the price can drop more until $4k based on other analysis so if you don't believe in bitcoin and you don't want to lose your investment then start selling them now to cut your loses.

On what analysis is that 4k price based? 2 years for hodling is not that much when you know that there is a reason for price to go at least double! And just think about those 19.5k price that we had, after halving we could easy get 2xthat  8) I guess there will be FOMO before that like before BCH fork.

This is precisely why i i'm just quietly accumulating as much as i can.  ;)

I don't care what happens in the short term, i dont care if it goes to 5k,4k,3k whatever! All i want to do is keep on accumulating every sat i can get and sending them to cold storage and i am happy to sit and wait patiently until then.

Infact, i can imagine the headlines when this is about to happen and the FOMO that it will create!

It will be a thing of beauty!  ;D

Thanks for the reminding. Hodl is the only thing left to do at this point to me.It does not matter becase i am bounty hunter & can wait like thousand years.

If you don't agree with holding, there's nothing wrong with it. You can sell at highs or lows depending on what's your strategy.

Most are holding here so are we enabling the others to take profit? we just learned that it's the best thing to do in times like this but decision of doing trades while at this dip is also a good strategy.

The rest are forgetting on what the halving can do, I'm also waiting for this moment. I'll endure everything and wait for this one but I'll take some profit as well while going there.

A lot can happen in 2 years but you are right. People are focusing too much on the short term and fail to see the big picture until it's too late. People who sold at 20$ regretted it a year later. People who sold at $300 also regretted it a year later. If you sell at $6000 you will surely regret it in 2019 unless you manage to buy it all back at $5000, but that's like gambling.

There were also people who didn't sell last year December that regret a lot by being so greedy hoping that bitcoin will still go past $20k and above. It's not really all about the hodl, it's the perfect timing about everything on when to buy and sell. As we all know that bitcoin's value is unpredictable anything can happen due to its volatility. I don't pray that BTC's value will go down the drain but it can happen. We all can't predict the future so there's no assurance that if we all hodl the value of bitcoin will skyrocket for their will be no more movement or activity in the market if everyone is hoarding their coin.

How low do you think the price of Bitcoin will go down now?

I appreciate it. :)

With the current dip? Well the support tells it all as many try to set their buy order in $5k but I think they won't succeed here. Enough for the bear trend.


That's actually the irony there as people hold their bitcoin many are desperate to own some because of its supply. Of course there's still a movement and that's the supply and demand that will dictate the value.

P.S. Using the word hoarding just connotes negative side of something so better just use the word hold. ;D

If any hodler think 2 years is too long to hold bitcoin then he is not a hodler, 2 years is actually very short time for real hodlers and really the bitcoin left to mine is very less.

Right.

2 years isn't far away and if you are a very busy person, you won't noticed that 2 years has passed. And as a real holder, 2 more years is just another year to hold to.

Is there are direct correlation between Bitcoin halving and Hodl ideology? Did last halving in 2016 had direct influence to Bitcoin price? I think that halving is mainly important to miners and I think that upcoming halving shouldn't be an important reason to hodl.

Agreed.  My accumulation rate is pretty low, but I am pumping as much as I can personally afford into my hodling.  It's not much, but it is what I can afford to do without putting myself into a worse immediate financial position.  In other words, I can afford to lose everything I have invested.  (Hope not to!)

Why hodl if you can sell and get more coins by the time halving happens. Even if you're waiting for a trend reversal and not even thinking about distant halving it's still better to leave the market when it's heavily bearish. If you sold at higher prices like 8000 or 10000 you shouldn't buy now and wait for clear signs of reversal. I think there's a bigger chance that Bitcoin will go to 5000 before going up to 8 or more.

I will continue to HODL until my bitcoin makes me a millionaire in dollars.

There is some correlation. Let's take this article as an example:


This was written in 2016 after the halving, and Bitcoin price did make the headlines at 2017's end. There's no immediate impact, but halvings have preceded wild bull runs thus far (twice). Correlation doesn't imply causation so nothing is certain, but there absolutely is reason to be optimistic.

Nowadays most people hold their tokens because all believe that bitcoin will go up again but I didn't make decision yet because I don't have tokens)

"Just" 650 days?  :-\ :P. I think the next halving will have an effect on bitcoin, just as the demand is still there for it. I hope bitcoin has already multiplied by then though. I guess onyl time will tell.


And what if it never gets there? Or it stops at $999999.99 and then crashes? A million is such an arbitrary number I wouldn't peg all your hopes and dreams on it.

The only thing that "halvings" does is waking up the major news media outlets, because they have something sensational to publish. The pumpers will then jump on the back of that and they will pump the shit out of that, to increase the price. This is just a short-term price increase opportunity and should not be seen as the ultimate event that would keep the price inflated. Shortly after the hype has died down, the price goes down again.

We are looking for events and projects that would permanently push adoption upwards and this will give us an sustained increase in the price over a much longer time period. What Killer Application can you think of that would give us that?

Really? I don't think that this is the case at all. Bitcoin halving is always a big deal, because the amount of coins that come into circulation literally gets halved. That's a huge figure and lowers the supply and in theory if the demand is still there and growing the value will keep rising. Classic supply and demand theory. Bitcoin being pre-planned to be limited and issued in a fixed amount that lowers every four years is one of the defining features and why it gets rarer over time (assuming demand is still there and/or growing). You can worry about 'pushing it into the mainstream' later and those things will come gradually, but the coins being scarcer is one way that helps everyone who holds them and is the way bitcoin was designed to be and it's why it's a big deal.

Yes, it is a big deal for a week or two and then everything goes back to normal, because it becomes old news. A lot of the impact is priced in before the halving takes place. So you will see a slight increase in the price, prior to the event and then a higher price increase when this event gets some publicity and then the price slowly decrease to the price where it was before the hype started.

Just go back to the previous event and look at the price history. Everyone thought it was going to have a massive impact and we were very disappointed. ^grrrrrr^

Holding is good idea indeed.
But you can't hold 4life right? Someday the time will come to sell. The most important question that worries me is how to understand that this time has come?

Knowing how media and whales work with each other, you'll might be enlighten. It's just noticeable that the whales are just using the halving issue to push through the price and with the help of media mainstream they can disseminate small issues into a big and more complex issues. And in return the price will fully manipulated.

If you can remember last year, there's a lot of fuds about halving and idiots are spreading like a wild fire.

I am not dismissing the fact that the halving has a impact on the price, but I am saying this is just a temporary thing and people quickly forget what the long-term impact of this means. When you reduce the Block reward by 50%, you also reduce the supply of coins to the market and this will push up the price, IF the demand stays the same.

We must rather focus on increasing the demand, because the halving means nothing if the demand drops. OP, just gave us a reminder that there are still events that will push up the price in the future, but that will only happen if the demand stays the same or if it increase.  ::)

Interesting what will happen with blockchain when all bitcoins will be mined. Transactions between bitcoin wallets won't work?

It's obvious that they will. First of all, this will only happen in 2140 (nobody here will be alive, so don't worry too much about it).

Instead of getting paid with the block rewards + mining fees as an incentive to keep mining, they will get only get paid with the mining fees, which should be enough (we hope so).

At the next halving, there will be a little more than 18 million BTC, and the production will drop by 328,000 per year, which is only 1.8% of the total. Not huge.

Your claim is not "classic supply and demand" because you are confusing production with supply.

It is true that production is halved; however the supply will not be lower as a result of the halving. The money supply rises every ten minutes until it reaches 21 million. It never goes lower. Furthermore, as the money supply increases, so does the market supply. If you do not believe that statement, then I urge you to compare the current exchange volume to exchange volumes before the first halving.

If none of that convinces you, then at least consider this: The exchange volume is currently about 600,000 BTC per day. There will be 900 fewer new bitcoins per day after the halving. You cannot seriously argue that a change of 900 BTC out of 600,000 BTC will have any noticeable effect on the market.

As I have already pointed out, bitcoins don't get rarer or more scarce. The number of bitcoins continues to increase until it reaches 21 million. I think you mean "more expensive" rather than "rarer" or "scarcer".

It does not mean how rare or scarce the thing is. If something does not have any practical utility then it is waste.
Bitcoin will get real value or surge if LN come on existence. If some big retail chain start  accepting as a payment.
Block halving will not help to gain the price , but some real application will surely do.

Just a 2 minute read for you guys.
https://bitcointalk.org/index.php?topic=4963287.msg44753415#msg44753415

Updated the title from 650 to 454 days left! The days are getting closer and I can already notice people using this event as means to hype up the crowd for a radical price increase.

If you want to change the title, then you need to do it in the OP. Currently you've only changed it on your bump post, but not on the OP ...

Edit: Ok, I've seen that you've now applied the change to the OP.

Hi DdmrDdmr. Thank you for clearing this up! Just made the edit in the OP.

Definitely they will, I do not know if there would be radical changes really,but all we can do is see what happens when it happens.
The only certainly is in the rewards for miners, no more bitcoin rewards,only fees from transactions.
But it's general effect on the bitcoin is vague to me for now

There is no doubt that the next halving will have some impact on price, which will affect the price before halving itself but also months after the halving. I think it is not so important from the point that reward per block will reduce to only 6.25 bitcoin, at least not for short term. What actually raises the price up is supply&demand, but if there is no demand or it is too low as it is today, then we stay in bear market.

Halving is just one event which happens every 4 years, and it is playing a significant role in how much miners will be rewarded per block. But we need adoption - more people to start invest / using bitcoin, and then halvings will work in our favor.

Block halving is too far yet so if we got an opportunity to sell then it is better to sell just like what happened these days after the price increase in a few days the price drop just today if we bought bitcoin at $3400 we already made a good profit of $600 when the price hit $4k.

So don't waste the opportunity to make a profit because we don't know what will happen this coming block having.

Maybe start holding coins on 2020 January and hold them until block halving is fine.