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If the bitcoin price drops to $1, I will buy a lot of it. I have been accumulating the bitcoin at the current price.
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this statement is assuming it will go down, it has been sideways for a while now. Could as easily go up as it could down
i think people here are mostly looking for the "bottom" not the fact that it goes down or not. and even when going sideways there is always a bottom price that never is broken. and i think that price is $610-$620 around that area. The bottom will be around $600 as you said. There is no big bad news to drive down the price further. The things have changed in the last week. There is a bitcoin hack on an exchange. The price will be lower. The price of bitcoin is $580 today. It has increased from yesterday, the bad news has gone, bitcoin will reach $600 within few days and nothing can drag the price lower than $600. I think the bitcoin price could go down to $500 in the next few days. Then it will rise to above $600. |
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So far, I have not sold any bitcoin. I just used some bitcoins. I think the bitcoin is the best investment so far.
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I think the new S9 miners are replacing the old inefficient miners. The difficulty will not go down much. |
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The truth is no one really knows what will happen. Everyone is throwing out wild guesses about what the price of Bitcoin will be after the halving but the general expectation is that the price would rise. I have seen people claiming the price will crash but to me they sound like alt coin hoarders probably having invested a lot in Ethereum and want to undermine Bitcoin. The logical outcome would be an increase in value however I am not 100% sure to put my house on the line.
Well man I agree with you. I think time will tell what will happen to the prices of bitcoin, ethereum and other altcoins. It is hard to predict because halving don't always bring a rise in price. i agree with you but it could also spread a little as you can also see since the DAO Attack. Since then the ETH is a little more under the rate to the BTC actually. O agree with you all. It is also possible that it will just be stable on halving time since everyone is holding. I think bitcoin will probably reach 900$ on halving. It is possible for the price to reach $900 after halving. But more realistically, the price will be around $800. |
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I believe that the price of bitcoins will have many variations up and down. But soon run it will only grow. Just imagine, in 2010 a person bought a piece of pizza (it cost $ 25) and paid 10,000 bitcoins. This happened because the person did not believe that the currency would appreciate so much. I still see it today. Many people are getting rid of their currencies thinking already a good value. I even sold a number of bitcoins in 2013 thinking he had arrived at a very high value ($ 110).
The general price trend is up. There will be up and downs in between. So I will keep most of my coins. |
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I think it's going uphill from here. Although some people might think that right now bitcoin is overpriced, and it's all downhill from here, but I believe that bitcoin is still extremely undervalued and has a ton of potential.
I believe that in a month, we should see the price reaching $650-$700.
I agree with this. There is no other big new to make the price too high. The halving effect could be in the price already. I think the price shall hovering around $670 to $720 for a few more weeks before it rises to $800 again. |
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385usd ?? with a flash sell?
that can only happen during a flash sell in a small exchange. The price of bitcoin is around $488 now. The price is $520 in some exchanges. It is 20% higher than a week ago. I think it needs consolidation. The price of bitcoin is around $530 now. It is quite stable. I think the consolidation is required for future rise. |
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The truth is no one really knows what will happen. Everyone is throwing out wild guesses about what the price of Bitcoin will be after the halving but the general expectation is that the price would rise. I have seen people claiming the price will crash but to me they sound like alt coin hoarders probably having invested a lot in Ethereum and want to undermine Bitcoin. The logical outcome would be an increase in value however I am not 100% sure to put my house on the line.
I am fairly certain that the halving will reduce the issurance of new coins. So when the halving comes, the price could rise. It also depends on the demand of the bitcoin. The Ethereum has good demand for it to be used in the DAO. |
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The price might go down to $400 during a mini crash. The $400 is a medium bottom. The price will be above that.
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I don't think bitcoin will go down too much. I can see a stable range for several months with remarkable bullish trend, so I am convinced that an interesting pump is near to come, perhaps when time is closer to the halving time.
I also think that way. I feel bitcoin will not go down very far, and until now the price is still stable. a lot of information that says that bitcoin prices will go up, but we do not know if it was really going to happen or not. other than that today there are no triggers that make the bitcoin prices plummeted. If the SegWit is implement in the next four weeks, the price will go higher. If it is not, the price will be lower. |
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The bitcoin price will in the $600 to $900 range during the halving period. The year end price could be higher.
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I use geth --rpc console and I open another CLI and start ethminer -G -F
since you are trying to solo mine?? no wallet address is required
Okay and where I set up then a address? In ethminer? Yes. some thing like: ethminer --cl-global-work 16384 --cl-local-work 64 --farm-recheck 200 -G -F http://192.168.1.101:8080/rig1 |
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But won't halving functionally double the cost of mining? And if the miners are facing doubled costs, the only answer is doubled prices.
no because there is something called asic efficiency, which essentially doubles for every new generation, so their consumption is basically halved and the value yes is manipulated by the mienrs itself to face the halving, it's not like there is a secret demand that increase the value at each halving... If the demand is the same and the supply is halved, the price will rise. But will not double as supply can be from existing coins. |
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I don' think that the price will double, but it may rise up to about $600 which is 1.5 times the price now.
The price could double, but it also depends on new money coming into the bitcoin economy. Without new money, the price will not rise. Yes. We need more users of the bitcoin, if we have 1 million new users and each of them hold 1 bitcoin, it will raise the price quite a lot. |
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My guess would be 320-350 as the lowest point...
The cost of mining of the big miners is around $300 at the moment if you include the less efficient miners. So $320 could be the bottom. |
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Even if im pretty sure that the price will raise i will not care about the halving, what has to happen will happen, but don't forget that bitcoin is not alone in the world there is a huge economy behind it, bitcoin will have a great success after the halvin just because of that, at least IMHO ofc  When bitcoin becomes bigger, the network effect will make it even bigger. That is similar to Tweet or Facebook. |
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it will go back to 200 quickly new asic chips promise 4x less energy consumption.
It just dropped below $400. It is consolidating there at the moment. I think the price will not drop below $200 even when high efficiency miners coming to market. |
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The price rose in the previous halving from 50 to 25. I think the price will also rise when it is from 25 to 12.5.
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Has the auction finished? If the price is reduced, it might generate some interest from buyers.
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