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Question: What do you think the price of bitcoins will be at 24 hours before block reward halving?  (Voting closed: December 06, 2012, 10:25:14 PM)
$0.01 to $1.00 - 0 (0%)
$1.01 to $5.00 - 1 (1.3%)
$5.01 to $10.00 - 7 (8.9%)
$10.01 to $20.00 - 35 (44.3%)
$20.01 to $30.00 - 20 (25.3%)
$30.01 to $50.00 - 7 (8.9%)
$50.01 to $100.00 - 5 (6.3%)
> $100.00 - 4 (5.1%)
Total Voters: 79

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Author Topic: [POLL] The price of bitcoin 24 hours before block reward halving  (Read 1700 times)
smoothie (OP)
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August 18, 2012, 10:25:14 PM
 #1

Please vote. Poll open until December  (approx halving date as of now)

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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August 18, 2012, 10:44:43 PM
 #2

I put my bet around 17 US$ per BTC

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August 18, 2012, 10:49:04 PM
 #3

I put my bet around 17 US$ per BTC

Yea seems realistic. Also much depends on september announcement. Price can either tank or shoot to the moon. Wink
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August 18, 2012, 10:51:33 PM
 #4

I put my bet around 17 US$ per BTC

Yea seems realistic. Also much depends on september announcement. Price can either tank or shoot to the moon. Wink

Gavin has always been speaking of the stability of bitcoin protocol/system and not the price.

I doubt Gavin's announcement has a direct relation to the price of bitcoins.

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August 18, 2012, 10:54:23 PM
 #5

I put my bet around 17 US$ per BTC

Yea seems realistic. Also much depends on september announcement. Price can either tank or shoot to the moon. Wink

Gavin has always been speaking of the stability of bitcoin protocol/system and not the price.

I doubt Gavin's announcement has a direct relation to the price of bitcoins.

September has to do with cashing out, which should help keep the price from rising too fast.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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August 18, 2012, 10:55:07 PM
 #6

I put my bet around 17 US$ per BTC

Yea seems realistic. Also much depends on september announcement. Price can either tank or shoot to the moon. Wink

Gavin has always been speaking of the stability of bitcoin protocol/system and not the price.

I doubt Gavin's announcement has a direct relation to the price of bitcoins.

It depends on the news. If he say for example that bitcoin will have legal recognition by some institution(s), price will move.
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August 18, 2012, 10:59:05 PM
 #7

or if he found a way to shrink the block chain. This seems to be a concern of many for longterm bitcoin. I doubt it would affect the price much in the shortterm though.
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August 18, 2012, 11:00:41 PM
 #8

I put my bet around 17 US$ per BTC

Yea seems realistic. Also much depends on september announcement. Price can either tank or shoot to the moon. Wink

Gavin has always been speaking of the stability of bitcoin protocol/system and not the price.

I doubt Gavin's announcement has a direct relation to the price of bitcoins.

September has to do with cashing out, which should help keep the price from rising too fast.

Ultimately a long term higher price is desired by Gavin and most of us.

Hence I don't think he will want the price to crash. But that's just my take.

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August 18, 2012, 11:01:13 PM
 #9

or if he found a way to shrink the block chain. This seems to be a concern of many for longterm bitcoin. I doubt it would affect the price much in the shortterm though.

Theymos said it has nothing to do with the code.
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August 18, 2012, 11:05:11 PM
 #10

or if he found a way to shrink the block chain. This seems to be a concern of many for longterm bitcoin. I doubt it would affect the price much in the shortterm though.

They said it has nothing to do with the code.
wow. now I'm intrigued!
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August 18, 2012, 11:14:24 PM
 #11

It's about the new forum software, stop pretending you haven't heard of it.
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August 18, 2012, 11:19:36 PM
 #12

It's about the new forum software, stop pretending you haven't heard of it.
why would he publicize something about the forum software in an interview, like anyone gives a crap about that. Im sure its more substantial than that!
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August 18, 2012, 11:35:44 PM
 #13

I put my bet around 17 US$ per BTC

Yea seems realistic. Also much depends on september announcement. Price can either tank or shoot to the moon. Wink

Gavin has always been speaking of the stability of bitcoin protocol/system and not the price.

I doubt Gavin's announcement has a direct relation to the price of bitcoins.

September has to do with cashing out, which should help keep the price from rising too fast.

Ultimately a long term higher price is desired by Gavin and most of us.

Hence I don't think he will want the price to crash. But that's just my take.

Making it easier to cash out won't crash the price unless you assume the only reason the price is so high is difficulty in cashing out.  Making it easier to get fiat for bitcoin will increase the usefulness of bitcoin, thus supporting price, but in a sane manner.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
smoothie (OP)
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August 18, 2012, 11:38:28 PM
 #14

I put my bet around 17 US$ per BTC

Yea seems realistic. Also much depends on september announcement. Price can either tank or shoot to the moon. Wink

Gavin has always been speaking of the stability of bitcoin protocol/system and not the price.

I doubt Gavin's announcement has a direct relation to the price of bitcoins.

September has to do with cashing out, which should help keep the price from rising too fast.

Ultimately a long term higher price is desired by Gavin and most of us.

Hence I don't think he will want the price to crash. But that's just my take.

Making it easier to cash out won't crash the price unless you assume the only reason the price is so high is difficulty in cashing out.  Making it easier to get fiat for bitcoin will increase the usefulness of bitcoin, thus supporting price, but in a sane manner.

Gavin running "full-time" suggests his vision is "long-term".


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        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

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August 18, 2012, 11:52:26 PM
 #15

It's about the new forum software, stop pretending you haven't heard of it.
why would he publicize something about the forum software in an interview, like anyone gives a crap about that. Im sure its more substantial than that!

Then I guess that software will be pretty substantial, I haven't said it is just a forum... If you read on what they asked for in the bounty thread and what this community needs you can estimate it's features.
My guess is the platform will bring some commerce related features like a rating system.
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August 18, 2012, 11:56:25 PM
 #16

I put my bet around 17 US$ per BTC

Yea seems realistic. Also much depends on september announcement. Price can either tank or shoot to the moon. Wink

Gavin has always been speaking of the stability of bitcoin protocol/system and not the price.

I doubt Gavin's announcement has a direct relation to the price of bitcoins.

September has to do with cashing out, which should help keep the price from rising too fast.

Ultimately a long term higher price is desired by Gavin and most of us.

Hence I don't think he will want the price to crash. But that's just my take.

Making it easier to cash out won't crash the price unless you assume the only reason the price is so high is difficulty in cashing out.  Making it easier to get fiat for bitcoin will increase the usefulness of bitcoin, thus supporting price, but in a sane manner.

Gavin running "full-time" suggests his vision is "long-term".



I know many people here do, but I don't usually make strong statements when I'm guessing Wink.  But keep up the speculations.  It's amusing me.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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