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Author Topic: The halving reality  (Read 1801 times)
1Referee
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November 03, 2015, 09:02:33 AM
 #21

If the current rally is really due to the halving, then it will most likely last untill after the block halving, and perhaps even longer. I sold 30% of the coins I have for trading purposes yesterday at $365 to take profits. From now on I will not sell a single satoshi anymore till after the block halving.

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November 03, 2015, 09:20:10 AM
 #22

If the current rally is really due to the halving, then it will most likely last untill after the block halving, and perhaps even longer. I sold 30% of the coins I have for trading purposes yesterday at $365 to take profits. From now on I will not sell a single satoshi anymore till after the block halving.

you just gave away a third of your future wealth for some dollars? u tryin´to short a tsunami....?

just kidding. i just don´t have the guts to sell.
chesthing
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November 03, 2015, 03:32:19 PM
 #23

If the current rally is really due to the halving, then it will most likely last untill after the block halving, and perhaps even longer. I sold 30% of the coins I have for trading purposes yesterday at $365 to take profits. From now on I will not sell a single satoshi anymore till after the block halving.

I disagree. If the pump is because of speculation about what the halving will do to the price, I think it will dump back into the 200's. Why? because we still have about 10 months of current mining rewards for miners to sell before they get cut in half.
OrientA
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November 03, 2015, 04:02:56 PM
 #24

If the current rally is really due to the halving, then it will most likely last untill after the block halving, and perhaps even longer. I sold 30% of the coins I have for trading purposes yesterday at $365 to take profits. From now on I will not sell a single satoshi anymore till after the block halving.

you just gave away a third of your future wealth for some dollars? u tryin´to short a tsunami....?

just kidding. i just don´t have the guts to sell.

That is not necessary a give away a third of the profit.

I would wish I gave away all my profit in the November peak in 2013. We do not know the short term price trend.
zimmah
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November 03, 2015, 04:29:31 PM
 #25

We still have almost a year of current mining rewards. This hype will not last.

What if I told you the halving isn't the only reason Bitcoin prices can rise?

We have had large bubble more often, and we only had 1 halving in the past.

I believe Chinese capital controls are the major cause of the rise.
kokojie
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November 03, 2015, 05:04:19 PM
 #26

We still have almost a year of current mining rewards. This hype will not last.

I wouldn't call less than 35 weeks "almost a year", It's 8 months.

6 months before last halving, Bitcoin went up 300%, then 24000% in the year after the halving. This time people are just acting earlier in anticipation.

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November 03, 2015, 05:19:33 PM
 #27

We still have almost a year of current mining rewards. This hype will not last.

If it's true that Chinese capital controls are responsible for this, trust me, this can finish way up in the clouds!

There is so much cash in Chinese hands and there are so big in population, that even a small percentage of their money would blow away our price.

Let's see what will happen, after all, we are all just speculating.
OrientA
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November 03, 2015, 07:46:03 PM
 #28

The Chinese capital control is not responsible for the recent price rise.

The rise is caused by the inside information leak: in China, you can transfer money to/from bank to exchanges now. It was banned before.

https://www.btcc.com/news/article/btcc-now-accepting-direct-bank-deposits
ynef
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November 03, 2015, 08:40:42 PM
 #29

I too believe China is having the most impact on the current price and even if the halving is going to be an issue, it won't be for at least a couple of months when we see the current miners start trying to sell their coins. Nobody in their right minds is selling right now, especially the miners who are in it for the long haul.

List of most important news that are currently changing the Bitcoin's price:

http://ynef.net/bitcoin-just-hit-the-420-mark-and-it-doesnt-look-like-its-stopping/

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