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the halving date is not the day to watch, (although there may be a small bubble then)
about 4-6 months after the halving is when things should get interesting
but yes now is a good time to buy, before its too late
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If you look at the previous halving in terms of increase by percentage, we are not far off following a similar pattern.
The last halving (28/Nov/12)
The price had 140% increase from the price 6 months prior to the halving
and then had 900% increase 6 months post halving (after bubble)
May 2012 = $5
November 2012 = $12.50
(April 2012 bubble reached $230)
May 2012 = $125
July 2012 it did drop to $80 but then it did climb past $1000 in the following months before the price come down to $200 which was mainly due to mining farms popping up (and GPU mining becoming obsolete) and oversupplying the market.
So if bitcoin does follow the same patter as previous halving and does reach $859 by july 10th
Then we could also see it follow the same pattern for the 6 months following the halving
which would be a 900% increase on $859
What we also should consider is the increase prior and post relative to each other
the increas post halving was roughly 6.5 times greater than the increase prior to halving
so if we applied that today
say we hit $716 by July 10th
That would be 100% increase from the price on Jan 15th six months prior
which could mean we could expect 650% increase post halving
which would give us $5370 6 months post halving
(after a bubble about double that bursts)
OK Lets be a bit more consertive on the figures at look at it from less optimistic view
The price on January 10th was $450 ($100 more)
say the price is actually $630 at july 10th (using Below current price and accounting for speculation over next month)
this would still give us a 40% increase on the price 6 months prior
If then you multiplied this by 5 (last halving was 6.5)
this would then give us a 200% increase on $630 6 months after the halving (after a bubble which would be higher)
which would be $1890
and would be expected after a bubbles has burst with that said bubble potentially reaching over $3000
which would be expected in December/Late November
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Do you have any plans for the evening Bitcoin halves?
If reading this retrospectively, what did you do the day of bitcoins halving?
NOPE !!! i do plan to have a Bitcoin halving party in December though If you done your research on the halving you would know why i say December, and not the halving day. |
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congrats people
10 pages of dribble
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BE HONEST !!!
ITS ANONYMOUS SO NOBODY WILL KNOW WHICH ONE YOU ARE
Coiner = Holds over 1BTC in cold storage, and has at least another BTC to play with on daily basis. (min 2BTC)
BitBoy = Has held at least 1 BTC at some point, but never reached coiner status
SatFlap = Has never had 1 BTC in their possesion
AltDolt = Owns altcoins and has never owned 1 BTC (in bitcoin)
I'm a BitBoy has a 1.5 BTC I don't have another BTC to play on a daily basis, Maybe, I never become a Coiner just only to gather and collect it  . It's very difficult become coiner. not difficult to be a coiner, just need 2BTC |
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Without anyone knowing your name or address?
If you're talking about bitcoin to fiat cashout, then try localbitcoins. Completely anonymous and you can either deal face to face with another person or online. Both are safe if you deal with a reputable person. You are protected by the localbitcoins escrow as well, so no worries. does nobody else have any thing else to say apart from localbitcoins ? localbitcoins is really of no use if you are looking to cash out when price is high or for cashing out any decent amount (too many satflaps commenting here IMHO) |
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Without anyone knowing your name or address?
actually if you want to have this level of privacy, then i have bad news for you as almost all ways will need either your name, your bank info or your adress i think you can meet with someone in real life and sell bitcoins to him, or you can buy steam games and then sell to someone, though these ways aren't best one that you can do Most of the countries dont have local shops where you can cash out bitcoins. I would prefer localbitcoin site to find the buyer from your country and then selling him. If you dont want cash, you can directly purchase goods online and this could protect your privacy also. buying goods will require name and address even ATM's are usually limited so much it would take an age to cash out you will also find any traders on localbitcoins etc. are not going to give you a good rate when price is peaking high |
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Without anyone knowing your name or address?
1. Prepare VPN/Proxy/Tor or anything that can secure your connection 2. Register and use fake identity for verification. 3. Sell your bitcoin. 4. Withdraw your fiat money to hacked bank account or bank account with fake identity. says the idiot who has no idea what he is talking about and assumes things would go smoothly doing this like exchanges have not already got policies in place for such abuse |
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does anyone have any idea to cash out actual significant amounts ?
instead of just saying local bitcoins, meet someone for cash blah blah.
How would you cash out say 50 bitcoin if/when price reaches $1000
localbitcoins is then not that suitable
and also how to cash out quickly when price is high before it dumps
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right now is not too late to buy
and many here just mis the point, and have not done any research
the price is not going to magically jump on the halving date
the 6 months following the halving is what you need look at
If you look at the previous halving in terms of increase by percentage, we are not far off following a similar pattern.
The last halving (28/Nov/12)
The price had 140% increase from the price 6 months prior to the halving
and then had 900% increase 6 months post halving (after bubble)
May 2012 = $5
November 2012 = $12.50
(April 2012 bubble reached $230)
May 2012 = $125
July 2012 it did drop to $80 but then it did climb past $1000 in the following months before the price come down to $200 which was mainly due to mining farms popping up (and GPU mining becoming obsolete) and oversupplying the market.
Right now, the price is $630
and we have a month to go until the next halving on July 10th (roughly)
the price on January 15th This year was $358
(price was up and down around this time, but this day would probably give best value for this purpose)
so if the price was to increase by 140% it would come to $859
now looking at price very recently it does seem possible bitcoin could reach $859 by July 10th
So if bitcoin does follow the same patter as previous halving and does reach $859 by july 10th
Then we could also see it follow the same pattern for the 6 months following the halving
which would be a 900% increase on $859
which would give us $8592 by january 2017
even if the increase post halving is only half of previous halving, it would still be over $4000
but price now has already passed 70% increase (about 76% ATOW) on price 6 months prior to this halving
One thing to note though from previous halving is that there was a bubble within the 6 months post halving
which was nearly double but then also 9 months after the halving to price had dropped to just 400% increase
so if following same pattern a bubble would take BTC to about $16000, before the bubble bursts which may then take the price down to $4000 before it would start to climb again
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Do you think that Bitcointalk is a good way to get knowledge and information about Bitcoins?? because Bitcointalk is very useful for me to get information about Bitcoin.
NOPE !!!! Bitcointalk is mostly just dribble by ad campaigners, the user base here is poor really and most replies are just dribble, not helping at all i do wish all threads were self moderated so the OP could just delete all the dribble replies i just locked a thread i started (forgot to self moderate) it had like 9 pages of replies, and not 1 reply actually addressed the question in the thread all replies were just dribble, even when you state in post about only serious replies or ask for replies only from people in the situation to answer the question i had question that only applied to people with 100+ BTC, but all i got was replies "if i had" "i dont have" blah blah blah, just dribble bitcointalk is 90% dribble, its a shame the sites admin or mods dont try to sort this, but as they allow signature ad campaigns there will always be 90% dribble here and if they did address the issue they would likely lose a lot of traffic to their site which they wont want to do. |
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never heard those words before but if i had to choose in the beginning i'm Coiner but currently i spend my bitcoin for my gambling activity so my status has changed become SatFlap
it would be impossible to go from coiner to satflap if you have held 1 BTC at some point you would be a BitBoy |
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why still so many comments
but not many know the difference between DEEP and DARK web
many here keep stating "deep" when if fact you mean "dark"
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IMHO
If it aint broke, dont fkkn fix it.
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BTC is ALWAYS faster than international transfers
also i had this explained to me more too, basically
if the btc you are sending has been static for some time (sat in wallet for weeks)
it will be confirmed quicker
if it is of more substantial amount (ie over 1 BTC)
it will be confirmed quicker
if you are sending BTC that has been moving recently (ie you bought it then sent it)
it will take longer to be confirmed, especially if smaller amount as well
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can we please move this thread somewhere else
religion has no place here.
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hi gran and gramps
can i borrow/have your life savings to invest in a new digital currency.
just get to the point with them,
as this is what i assume the conversation would really be like.
most likely they would not care too much, depending on their age
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i suggested this here a while ago
if you see a street performer, busker, or even homeless beggers,
you should stop and tell them to make a sign and start to accept bitcoin
(also donate a little to them when they do start)
this would give bitcoin huge public awareness
dont forget to metion, they can accept bitcoin without it affecting any money they may get from social/welfare etc.
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