Bitcoin Forum

Consider: Buy and Hold Bitcoin untill next halving time.

Why? Because: http://www.reddit.com/r/Bitcoin/comments/2g0b8v/100000_block_countdown_what_will_happen_at_the/

When? Q1 2016: http://www.reddit.com/r/Bitcoin/comments/290prw/reward_halving_is_approaching_fast_due_to/

YES  i aggree with you ,in the future ,you will be proud of  buying in today!

FTFY

I wonder why people still want to exchange Bitcoin for fiat money in the future. Bitcoin is superior money.  You don't need fiat when you can buy your stuff with Bitcoin.

Regarding next halving: I predict nothing special will happen to the exchange ratio. This event is known and will have been priced in by the time it takes place.

ya.ya.yo!

Just as a reminder for every bitcoin holder.

Gresham's Law: http://en.wikipedia.org/wiki/Gresham's_law

"Bad money drives out good"

Maybe half to hoard and the other half to spend? More spending will make more merchants to accept BTC. So the value will rise more.

IS sure better to buy now when is 400 USD then 4 months ago when was 650 USD

Right , buy now if you have more money to spent on that.
but dont do that if you just looking quick / fast profit.
Buy now and keep that in cold storage , forget it and maybe after couple years it will worth something big.

I agree with you, I am not selling bitcoin anymore. I don't care if we could drop a little more by tomorrow or next week, I think the risk is not worth the reward at this point

The best way is to invest what you can afford to lose. you still don't know what will happen next these are just speculations

If you are going to use bitcoin as money then you would not be holding onto it. Also if you never spend any of your bitcoin then you are essentially taking away value from bitcoin as the overall bitcoin economy will have less economic activity

Now price is very low, it is very good time to buy some btc :)

Indeed it's hard to imagine the price going lower if not for a brief dip at this point. I guess there are already many miners who are holding their coins because of this. If the price should fall again many operations would fail and it would be a really bad thing for Bitcoin.

I will try to hold them but when something come up i need to sell them.

I try hold them as much as I can.

Price is stable but yes i bought few from third party face to face.
Also i sell 20% of my income monthly hold 60% and invest 20%.

So far is good we will see later what will be.

This is ok rule from a vague point of view but actually you should probably invest what you can't afford to lose but just make it a small overall % of your portfolio.   Bitcoin isnt so high risk that it isnt a decent investment.

When exactly is next halving time?

Its a high risk investment price changes day by day. It can drop by $25 in just a day, oh well I don't know whats your definition for high risk

Sure. Buy now and check out @ 2016  ;D

The markets are pretty efficient and should price in the effects of halving well in advance
That said, i agree that long-term btc is a no-brainer investment

The expected date of next halving time is under heavy debate :)

Currently expected in March/April 2016

See: http://www.reddit.com/r/Bitcoin/comments/290prw/reward_halving_is_approaching_fast_due_to/

It's ok to buy in some bitcoins during the dips. In a few years time, you'll be a proud owner of a high-valued asset that everyone wants to have. Though I think that the next halving wouldn't have a heavy impact on the bitcoin's price, still it's worth noting that 1 year in the cryptoworld feels like a century.

Oh and try to hold some of that coins. You'll never regret it. :)

Yes it's good to buy on the dips, but at 1000 700 seemed like a dip... a big one actually. And now we are at 390 or so. Also, when it comes to halving, DOGE halving did nothing, in fact it went down, so im not sure about halving being transaltedo n the price clearly as good.

I am a newcomer to Bitcoin and I am looking to buy some for online gambling purposes. I am thinking of waiting for it to drop below $300 (I keep seeing this $250 figure being thrown around by the tech analysis types). Thoughts? I suppose there is a risk that it never drops that low and I have to buy in at much higher prices than today.

anyone saying buy right now just wants you to hold their bags so the chinese can dump on you

Something? Do you mean fuds causing bitcoin price plummet? Or when you need fiat to pay for, I think you'd better not buy in case losing all your money.

I am just currently getting all the BTC I can have for the moment and wait for the price to get better and better.  ;)

"When a government overvalues one type of money and undervalues another"

The bad drives out the good when:
* People can not easily tell which is good
or
* The government forces people to use the bad one

Exactly.

Governments forces us to use fiat money. The best way, and in my opinion, the only way to replace fiat money is to spend our bitcoins and to produce goods and services with them. Not holding them.

If all the people hold their bitcoins, bitcoin will never win this "battle" against fiat money despite of their superior characteristics

Buf if you cannot mining btc directly you must ( obligated ) buy btc with the FIAT money  ;D .

Or you can do some kind of work/activity in wich you want to be paid in Bitcoins.

Yes, and we need to distribute bitcoin to more people:)

We cannot just sit and wait for the next halving time. Bitcoin price is not going rocket just because block reward is halved. We need to maintain a lively bitcoin ecosystem and make bitcoin more desirable for consumers.

i think it will happen naturaly, with so many people buying and holding bitcoins, when the companies realize this huge amount of money stoked with bitcoin users, there will be a "bitcoin rush" (like gold rush) to convince the users to espend this money with their goods.

I don't think it will happen naturaly. It will happen "naturaly" if Bitcoin econmy works well, if people consume goods and services and if people work more and more with Bitcoin.

If you just sit and wait, the "utility value" of a Bitcoin is equal to 0, you have to use it and work with them

Doge was at 25 satoshi and it went up over 100 satoshi knowing halving was imminent. Investors do not wait to the actual halving then invest, they invest beforehand.

Did doge rise so dramatically because of the upcoming halving? I kinda assumed it was linked to pegging their network to litecoin. Now miners working on LTC earn DOGE as well, and when that happened it seemed to coincide with that change.

Anyone know if these things are related?

I think it will be interesting if as expected btc inflation falls below G7 inflation rates for the first time
I am a long term investor, so happy to wait and watch it all play out

Doge is not really comparable to bitcoin.

First of all the halving time is much different, bitcoin halves in like every couple of years whole dog halves much faster, and secondly doge has an infinite supply of coins.

And doge is a meme and will probably never be taken serious by the real world business because of this. Even bitcoin has it difficult being taken serious, although it's getting there. But doge has little change of ever being taken serious. And like all memes, doge will eventually die out.

If you think it's close to panic now - just imagine the panic when we get to the halving and the price doesn't go up.

The best estimate for halving imo is bitcoinclock.com  , which currently has it taking place on 2/8/2016, roughly 1yr and ten months now.

The halving is not relevant for the value (only the urge for people to hold bitcoins as their cash balance). Just get in.

Markets are not very efficient at pricing anything. Otherwise, where do bubbles and stock crashes come from?

That is not inefficiensy. It is the result of real changes in valuations from the actors in the market. Do you prefer that some lord decides for you and everybody else what has value?

Yes sure things gets calculated in price in advance. If you are sure, that Bill Gates will buy our all BTC owners, then people just dump before that actually happen.

I hardly mine anymore. Honestly I haven't touched my bitcoin in over a year. Im holding out. I have a nice sum saved up.

well not everyone need to do that, someone can just sit and watch, this what he mean with "naturally"

long term hodl!!!  :D

I agree with your opinion, if we're collecting bitcoin, should we now hold to sell bitcoin to the market, it is because the price of bitcoin that are ups and downs, our expectations if bitcoin prices later rose again, we will be able to exchange bitcoin with fiat money more ...  ::)

sure q1 2016 or depends on the hash rate ???

Yes, of course but "Hodl" cannot be the main trend. Every economy needs movement. You can have a % of your wallet as a saving but like I said, if every one hold their Bitcoins, Bitcoin economy is over in the mid-term and long-term.

"Produce" it by making goods ,services or mining.
Spend it in goods and services.

IMO is the only way to make this work.

The devil is in the details.

"This law applies specifically when there are two forms of commodity money in circulation which are required by legal-tender laws to be accepted as having similar face values for economic transactions. The artificially overvalued money tends to drive an artificially undervalued money out of circulation and is a consequence of price control."

Bitcoin is not required to be accepted as legal tender in any country at present, so the theory is irrelevant.

Also, Bitcoin has been much, MUCH higher already and can swing the other way as it is doing - everyone is just speculating right now.

I agree. The main reason to have a big part of my savings in fiat is because I need it to invest in the stock market. I'd love to be able to invest directly with BTC.

Short term manipulation, long term increased value is what I see.

Bubbles and crashes are one big inefficiency.

Generally, I would say that markets are not efficient at all! And what lord are you talking about? People are stupid enough without lords.

You're confusing efficient with perfect. The market has proven efficient, if it was inefficient it wouldn't be self-correcting, but that's exactly what crashes are: corrections for when greed outpaces the fundamentals.

now is the right time to buy bitcoin, we invest with the hope in some future time the price of bitcoin will be back to normal, for the collector bitcoin, bitcoin you should not sell to the market, because the current price is down, according to analysts, the price of bitcoin will rise again in the near future, hopefully ...  8)

Exactly. So, next halving is not completely priced in;)

Miners are dumping bitcoin like crazy, so if the next halving is here then the dumping is half less painful..

Yeah, yeah, well Im still holding until early next year.

Buying and holding forever.

Early 2016 is when the next halving occurs....

Good thing. I advice all of my friends which has some bitcoin to hold and sell in 2016, when there will be the halving and surely price will increase up ! I'm in permanent hold phase because I love bitcoin  :)

I can't even begin to imagine what Bitcoin and crypto in general has developed into in 12 months time, considering how much it has grown in every possible aspect in the past year alone. I suspect a lot more merchant adoption, BTC will be more widely used in everyday purchases. Eventually the convenience factor of using BTC will catch the attention of the "average Joe".

Average joe may find apple pay more convenient than bitcoin.

Buy bitcoin and hold until the next next halving in 2020...

Yea, you can forget it if you dont have a calm hand to hold your coins...I am holding my coins for sure that long...why would I want to sell a currency? You can just use it to buy and sell stuff. lol.

1800 less bitcoin dumped every day in 2016, if we take in consideration that every miner dump their coin

something will change, but not a groundbreaking change...


still centralized crap, centralized money will collapse at the end of the great recession

In 6 years so many things can happen. Even time to next halving is pure speculation, till next next is fantasy.

YES, I agree completely. If you want to grow your bitcoin wallet, You NEED to Buy Bitcoin right now! The price is going to go up at least to the $450 per BTC Soon! Buy BTC Now and Hold it!

If everyone wait until next halving to sell, then it would crash on that day..

The decision to sell would be based on the price post the halving.  :)

everyone now is in a hold phase. everyone is waiting a good moment to sell because now price is too much low for that people which have bought bitcoin 2-3 months ago !

I don't understand what will happen in the next halving time. Will it be harder to mine, which means less bitcoins produced and that will drive up the btc price?

Assuming miners have no foresight, and the aggregated mining power is now marginally profitable, mining cost and therefore mining power will go down to match the new rewards, and the difficulty will go down.

If the miners anticipate the halving (why should they not?), the halving is already calculated into their mining project, and nothing special happens as a result of the halving.

I'am personally still thinking if I should buy bitcoins and hold them or not  :'(
I heard that goverment can block bitcoin .. that's the only thing I'am afraid of .. so It will be all waste of time & money of course

Yes, and yes

You are correct Sir.

Yup, this should be it, price going double..

The reward should go down incrementally, evenly and smoothly, every block should be worth a tiny tini bet less than the last giving the same overall halving ever ~4 years.

Why? Shit is going to hit the fan when we fall off a reward cliff at the next block halving. Gradual change is preferable and more stable.

I really joined bitcoin world just recently , would like to get some advices
I only have 20$ BTC worth at the moment , should I buy at least 1 BTC and hold it ? the price will rise for sure in the future ?

there are some people that i know which has sold all of their bitcoin and other people (many part) which is waiting the halving time in 2016. for me it is good to wait, now price is too low for sell.

Basically, no. Price comes first from the minds of the individuals (us), mining cost will fall in line. When block reward goes to 12.5 BTC/block, the cost of mining a block will eventually also be 12.5 BTC.

Not certain, but close enough. Buy and hold.

Yeah I am curious to see how the halving will affect the price and the supply/demand for bitcoins. It will definitely have an impact on the miners so we will see some changes for sure.

Yes, surely. But I don't think that price will have a great rising, just rise from 30-40%, not else. But I'm so curious to see what will happen !

Indeed, 1 BTC and save it so you don't have to kill yourself in a decade or 2. Any price below 1K dollar is a cheap Bitcoin if you look at 10+ year range.

I only have 17 years old ;D so I guess I'am young and I can wait (if I didn't die)

Sell most of it (like 75-80%), hold a small fraction in Bitcoin, STOP GAMBLING on exchanges and just wait. If you're lucky Bitcoin might go back up enough for you to recover and multiply the funds.

Have been telling my self to hold until next halving, but bitcoin price have been dropping every since...

btc soon halving which means, current price is the greatest bullshit whales are trying to pull, hoping noobs are selling to them, if you are not buying right now then you dont know anything about crypto

I'm not sure about the right time for buying, maybe in the first quarter of 2015 we can have better opportunities to buy. If the subject is BTC nobody knows what will happen next :)

Holding bitcoin is pretty much the strategy i been using all this time...
Also, i think it's way too early to speculate on Q1 2016. The price of bitcoin is way too dynamic to assume it's best to hold right now, the price may still drop further.

The difficulty looks like to drop again.

Words like "surely", "definitely", and "price going to double" mean nothing - they have no fact and little analysis behind them. It's pure speculation. And if you read posts from June of this year you'll find a bunch of people claiming that BTC is "surely", "definitely" going to increase by the end of 2014. What's happened in the last half of 2014? The price has dropped in half.

The halving of BTC mining presents a good idea to further explore as it get's closer to 2016 but NO ONE should be declaring the idea puts any certainty on price increases.

Businesses are adopting Bitcoin as a payment option so they can appeal to more buyers, but they aren't then holding their Bitcoin and using it buy the goods and services they need, they're exchanging it immediately to fiat currency - which is more stable and universally accepted. This immediate selling of Bitcoin supports the downward pressure and keeps prices for Bitcoin low and stable.

There are still nearly 10 days before next difficulty adjustment.


Just buy whenever you think the time is right, at this point buying isn't that bad.

Don't wait too long, before you know the price will go up.

well the price isn't dropping, that diff drop is releated to the 240 price, remember that driff drop take some time is not instant at all...

Best to hold right now. I will definitely wait until the next halving before thinking of selling my bitcoins. 2016 isn't that far away now.  :)

I agree. I don't think most of the supply of bitcoin on the market is from the miners. A greater share of the new supply is from merchants who are selling their bitcoin they received from their customers. I would say it would be more accurate to say that once we see more b2b bitcoin payments that the price will increase.

I think that many people who are long term bulls aka permabulls aka people who are hodling would put some value into "surely" as this is what they think will happen

b2b BTC transaction is important to the rise of BTC price. So is the adoption.

There is a big supply of bitcoin in the hands of goverment from raiding places like Silk Road too that gets put in the market eventually.