Bitcoin Price Analysis - 03/03/2016

[deadley]

In 3 months time, prices will be double because of halving.

you guys are living in dream, always remember in trading prospect when you expect it never happened. Every one expecting that halving will impact so much in BTC price. Just check LTC price when it halved nothing happened so don't expect so much.


In trading prospect price gain in news but when it happened it consolidate. Everyone know about BTC halving so it's not news for BTC world so don't expect big jump. Price already jump from 200 to 400 now it will stay here longer time.

[GregH37]

Bitcoin price is gradullay moving towards the 1000 Dollar mark. Good for us.

[deadley]

Bitcoin price is gradullay moving towards the 1000 Dollar mark. Good for us.

lol we are not even halfway of 1000 mark.

[GregH37]

Bitcoin price is gradullay moving towards the 1000 Dollar mark. Good for us.

lol we are not even halfway of 1000 mark.

We will reacj with 3 months on halving. Wait for 90 more days

[bitcoinisfurture]

When will the halving happen and why?

[techguy]

When will the halving happen and why?

When - After 85 days from now (http://www.bitcoinblockhalf.com/)
Why - The successful miner finding the new block is rewarded with newly created bitcoins and transaction fees.[57] As of 28 November 2012,[58] the reward amounted to 25 newly created bitcoins per block added to the block chain. To claim the reward, a special transaction called a coinbase is included with the processed payments.[10]:ch. 8 All bitcoins in existence have been created in such coinbase transactions. The bitcoin protocol specifies that the reward for adding a block will be halved every 210000 blocks (approximately every four years). Eventually, the reward will decrease to zero, and the limit of 21 million bitcoins[note 11] will be reached c. 2140; the record keeping will then be rewarded by transaction fees solely  ( Supply section of - https://en.wikipedia.org/wiki/Bitcoin )

[Notieboie]

so yeah we breaking out of the 6month wedge, i am very bullish with the chart analysis + segregated witness soft fork + halving incoming

[prabakhar23]

  Huge momentum that bitcoin needs https://www.coingecko.com/en/price_charts/bitcoin/inr

[bitcoinisfurture]

Price crossed 450$ + but back to below 450 now  . Will it be able to retain momentum and reach 500$?

[deadley]

Price crossed 450$ + but back to below 450 now  . Will it be able to retain momentum and reach 500$?

Most probably it will move atleast some days around 450 before move towards to 500, Mkt need consolidation if it will move direct there then it drop down too quickly because of no base.