Don't expect the price to respond. If you believe in efficient market theory the halving is already priced in since everyone knows is going to happen.
... everyone knows that the fiat monetary system will collapse, why hasn't that been priced in to the dollar? |
|
|
|
In the first halving in 2012, how long did it take for the price to rise to around $1200?
12 months almost exactly. Then we'll hope for a steady rise over 12 months, not the sudden spike up that everyone dreams of. That would just mean a bubble and put us in a horrible situation. there are no bubbles, only adoption waves that sometimes get ahead of themselves. (A bubble price goes back below what it began at, bitcoin price has never done that, yet.) |
|
|
|
In the first halving in 2012, how long did it take for the price to rise to around $1200?
12 months almost exactly. |
|
|
|
 yous girls ready to party? |
|
|
|
As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.
where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing. you're right, all value is necessarily subjective because value is a human construct that doesn't have an object existence you can prove with experimental or observational evidence. However, Landauer's principle of information theory ensures that entropy-increasing, irreversible computations (like bitcoin's proof-of-work hashing) consume a quantifiable minimum requirement of energy. Energy is an objective, extrinsic property associated with many different tradeable commodities that are widely marketed. i.e. valuable, across the planet. |
|
|
|
|
... get yourself out of that nasty bear trap yet MatThe Bear?!?
lmfao
|
|
|
|
|
^^ sounds like a forum gossip hawking something ...
|
|
|
|
|
The amount of FUCD and general misinformed/malicious negativity that has been spread about the halving means there will be a relief rally of some sort when it turns out to be a nothing more than a quite boring, uneventful clicking over of the time-stamping calendar and everything works as advertised on the tin.
For those of us that have been around for the first one it isn't even a consideration but there are probably a lot of new faces who will be apprehensive about the deflationary mechanism in the bitcoin algorithm until they see it work with their own eyes.
|
|
|
|
looks like we got ourselves a real life bear trap  ... with some real life bears all caught up in thar, should be interestinn  |
|
|
|
The dump is taking a pause, maybe it will resume during the weekend.
... or maybe that was the final take down, the last shot, throwing of the toys moment for the bears. If that was the best they could do to try and crash the halving party then we are going on a massive tear from here ... see you at 1200 in september. |
|
|
|
|
cheap coins ... in 2 days time this is like buying in low 300's before the halving
|
|
|
|
And it was at $1.50 pre vote results. Now it's hovering around $1.30. It takes a little longer to tank. Some people say it's because it has wider adoption. I'll believe it when it see it.
it was pumped in anticipation of a remain vote shortly before the vote. Realistically the pre Brexit vote value was around ~1.40. Also I expect this to create a new low around this area and start rallying during the winter. It's not like it could go down like this forever. It was a major move unseen in the Forex market as well. What's the chances of the pound attracting global adoption like Bitcoin could? https://www.youtube.com/watch?v=37iHSwA1SwE |
|
|
|
I would look at it from a different standpoint. Considering that (believe it or not) 90%, if not more of population, knows jackshit about computers, having a up and running altcoin/bitcoin wallet with even tiny amount of coins in it, makes one an elite. Riches or wealth not always are measured in the amount of money on the account. Knowledge and experience with modern technology, IMO are one of those unmeasured riches. Sure that 20, 50 coins (relatively) are not that huge amount of cash but consider how many working hours, problems solving, XP etc that quantity consumed. No body will rob you from this, maybe accept Alzheimer  If you know how to operate BTC, if you understand how it works, you already are among elite. I do realise that this is some form of wishful thinking but really most people cant change their email password without serious stress producing problems...where we talk about most advance net tech. on daily basis. ... this guy gets it. The new money is information. |
|
|
|
 bulking up for the halving |
|
|
|
there's a storm coming which is called halving. Something is going to happen, I don't believe this trading volume will happen much longer
Yes, but it may not storm immediately. The day of the first halving was uneventful. It took a few months for the real action to start. I'm sure by the year's end we'll see the effects of the second halving. But at that time price the market was smaller and with less manipulation, in fact was almost nonexistent compared to today. Now we have professional whales around and they know how it is supposed to be, dump when the event happen This time virtually all miners are commercial and place significant portions of their output onto the market immediately, out of commercial necessity. The last halving there were still mostly hobbyists who just sat on the coins or otherwise squandered them away or delayed coming to market/exchanges. Therefore this halving the market will almost immediately feel the impact of 1800 coins per day not being supplied to the market. And it is cumulative, 1800 coins per day less, every day, forever. |
|
|
|
|
Yeah bitcoin just needs its 6th constitution like France ... and its not really a technical thingy anyway. Socialism will fix everything in the end, just trust us you don't really need to eat when food prices go up too much.
Idiots abound.
|
|
|
|
|
he;s just back for the lulz ... chinese rocket trains running ahead of schedule
|
|
|
|
|
Oh gawd ... here come the big-blockers crawling out of their graves, zombie-like to attest to their irrelevancy, now they'll whip up some scare headlines, pay off some shills or NYTimes churnalists and try to make themselves feel important again.
Relax, halving doesn't mean the blocksize is getting halved you idiots.
|
|
|
|
|
move fast and break stuff ... i'll buy that for a dollar.
|
|
|
|
|
Show Posts
