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Author Topic: 67 Weeks Until...  (Read 2024 times)
ezeminer
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April 16, 2015, 04:28:53 AM
 #21

Halving is not the most interesting problem in bitcoin world.
I would say that the biggest problem is that everyone seems to gang up on bitcoin.
Everybody wants to have the blockchain, but not bitcoin, whatever it is-most here know that it is sheer nonsense, but this ridiculous line of reasoning is making rounds.
Foundation is messed up, etc. etc.

Bitcoin has never been in bear market this long.
This is how Wall street treats the competitor-gold was in a bear market for 19 years (1980-1999).
On a linear scale chart, bitcoin price is moving toward zero in mid 2016. I am not suggesting that it will reach zero, but it might.
It is positively depressing. I stopped buying bitcoin because every buy bites me, so just mine a bit right now.
If it fails, then it fails, although it would be very unfortunate as I expected much more from it.

All the altcoins try to mimic Bitcoin in essence. It hurts to see exact copies of the code be released under a different name and people go for it.

But Bitcoin is either slowing down, or just warming up to bat.

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April 16, 2015, 11:12:41 AM
 #22

This Bitcoin halving can kill bitcoin or blow it up to the moon :O but as the weeks go by i think its going to slowly kill off home miners with unpredicatble results on the economy Sad

Stratobitz (OP)
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April 17, 2015, 03:23:21 AM
 #23

Not sure if many remember but there was in fact a BTC shortage sometime back, where Coinbase basically ran out of coins.

Likely why they are now auditing Bitmain, making sure the coins they buy from the Mega-Pools are newly mined coins actually from their farm.

The halving will create a smaller output of newly minted BTC.

Demand however, is another story.

Strato
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April 17, 2015, 11:55:19 AM
 #24

true true strato hopefully demand remains high or at least at this level then a rise in price is natural Cheesy

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April 18, 2015, 01:13:59 AM
 #25

The price will double at minimum and miners will remain profitable. 
Stratobitz (OP)
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April 18, 2015, 02:43:30 AM
 #26

The price will double at minimum and miners will remain profitable. 

I'd wager the difficulty halving would be far more likely.

Perhaps they will meet in the middle.

Strato
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April 18, 2015, 07:26:56 PM
 #27

The price will double at minimum and miners will remain profitable. 

We are going to have LTC reward halving this year and this is going to be a nice test on what s going to happen to BTC.

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April 18, 2015, 09:36:58 PM
 #28

Interesting.  Looks like its only 4 months away.
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April 19, 2015, 06:58:53 AM
 #29

The price will double at minimum and miners will remain profitable. 

We are going to have LTC reward halving this year and this is going to be a nice test on what s going to happen to BTC.


they have both lost about 1/5 of their peak, so they price after or before the halving should end in the same rise in theory
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