Multiplying the price by 10 after each halving, is it right ?

[ashfaq]

how many coins r actually mined till now ??

[1715211953]

1715211953

[malphite]

how many coins r actually mined till now ??

you can go to blockchains web tabs on the top. click on the tab "charts" then click on total of bitcoins in circulation.

that pretty much answers how much are mined up til this current point.

Its at 14 mill at this moment.

[ashfaq]

how many coins r actually mined till now ??

you can go to blockchains web tabs on the top. click on the tab "charts" then click on total of bitcoins in circulation.

that pretty much answers how much are mined up til this current point.

Its at 14 mill at this moment.

yeah i know that but many coins r like wasted so r they not replaced by new coins ??..or what happens ?

[OBAViJEST]

Hopefully litecoin rises...been holding on until this halving

[ashfaq]

Hopefully litecoin rises...been holding on until this halving

Dont hold more than you cant afford to lose ,these events are not absolute they are very vulnerable and also very much unpredictable even a second before the halving loll....what if price rises and people like dump millions price would go back to cents .

[OBAViJEST]

Hopefully litecoin rises...been holding on until this halving

Dont hold more than you cant afford to lose

That's been my strategy since beginning

But now, however long later, I'm accumulating enough that I would NOT want to lose!

[Monopoly]

Hello,

I saw people talking about multiplying the price by 10 after each halving.

Let's say before the having we will have a price of $250 for example, then the rally after the halving would put us at $2,500 and so on.

Is it right ?

I'm trying also to figure a mathematical equation where how will the price moves after halving, in theory.

Who said that ? price is depend on Supply and Demand ........ without demand BTC is nothing more than bits .....

[Shiver]

I'm not convinced anymore that halving will have any sustained effect.  We might see a short term fizzle of a firework that disappoints perhaps.

Too many people have the same opinion, so likely it won't happen.  If you count the number of Billionaires in the world compared to the rest of us, then herd thinking doesn't seem to make you (us) stand out.  If you want to be Neil Armstrong then you don't go purely for safety, as there are no herds on 'da moon' that I'm currently aware of.

I mean, if you're convinced that it will go up 10x or 25x by next year, then why not mortgage everything and sell your grandma, car and that half gallon of milk in the refrigerator while prices are lower than what they're anticipated to be within the next year?

[Meuh6879]

http://bitcoinclock.com/

it's move ... 2016-07-27