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Title: price will stagnate untill... Post by: bracek on January 20, 2012, 08:40:15 PM my view is that there is some kind of investors anxiety
we are approaching Feb 15th and change in protocol could result in great tension release, or new problems. so, suspend all trading, there is nothing to be gained in any price direction for next couple of weeks ... Title: Re: price will stagnate untill... Post by: Costia on January 20, 2012, 08:49:03 PM what are the changes on feb 15th? 50btc to 25btc per block? something else?
Title: Re: price will stagnate untill... Post by: proudhon on January 20, 2012, 08:52:38 PM what are the changes on feb 15th? 50btc to 25btc per block? something else? The block reward won't halve until around the end of 2012 or the beginning of 2013 (depending on how network speed fluctuates between now and then). Title: Re: price will stagnate untill... Post by: bracek on January 20, 2012, 09:00:44 PM The block reward won't halve until around the end of 2012 or the beginning of 2013 (depending on how network speed fluctuates between now and then). I hope block reward changes in september ;) that would imply price during this year going to the moooon Title: Re: price will stagnate untill... Post by: Serge on January 20, 2012, 09:01:39 PM i don't think there is any kind of investors anxiety regarding this change. it will be tested in testnet before introduced into live protocol.
Title: Re: price will stagnate untill... Post by: teflone on January 20, 2012, 09:01:58 PM The block reward won't halve until around the end of 2012 or the beginning of 2013 (depending on how network speed fluctuates between now and then). I hope block reward changes in september ;) that would imply price during this year going to the moooon Not to be a pessimist, but people will think it should be more, ie 2x as much.. But thats not reality.. diffic. does dictate price.. Title: Re: price will stagnate untill... Post by: bittenbob on January 20, 2012, 09:34:50 PM The block reward won't halve until around the end of 2012 or the beginning of 2013 (depending on how network speed fluctuates between now and then). I hope block reward changes in september ;) that would imply price during this year going to the moooon Not to be a pessimist, but people will think it should be more, ie 2x as much.. But thats not reality.. diffic. does dictate price.. Yes it is more like price dictates difficulty. Case in point: Bitcoin drops in price to $2 - Difficulty drops tremendously because hashrate drops. Bitcoin goes back up to $7 - Hashrate once again rises and so does difficulty. The difficulty however will not change in 2012 but the reward per block will. This will have the same price on hashrate as doubling the difficulty but in essence they are two different things. Title: Re: price will stagnate untill... Post by: teflone on January 20, 2012, 09:37:42 PM The block reward won't halve until around the end of 2012 or the beginning of 2013 (depending on how network speed fluctuates between now and then). I hope block reward changes in september ;) that would imply price during this year going to the moooon Not to be a pessimist, but people will think it should be more, ie 2x as much.. But thats not reality.. diffic. does dictate price.. Yes it is more like price dictates difficulty. Case in point: Bitcoin drops in price to $2 - Difficulty drops tremendously because hashrate drops. Bitcoin goes back up to $7 - Hashrate once again rises and so does difficulty. The difficulty however will not change in 2012 but the reward per block will. This will have the same price on hashrate as doubling the difficulty but in essence they are two different things. Exactly :) |