Bitcoin Halvening Party 2016

[OROBTC]

I am slowly building my bitcoin stash but for me the halving will hopefully be a stepping stone which might be talked about and make more people aware of the blockchain technology as well as the best cryptocurrency which is bitcoin.  

Your looking to continue holding BTC after a major price increase?

I will HODL all of my BTC is the price move is gradually up, or if there is not much movement at all prior to +/- July 20.

I will HODL most of my BTC if the price rises sharply.  If it spikes to, say, $2000, I will buy some gold with BTC.

My *guess* is that if BTC is able to break through its ATH price in the $1200s by then, then maybe many others will get into it.  The more players in this game, the better...

[jacktheking]

I would try to collect as much Bitcoin as I can before the halving. As many said that the halving will increase the Bitcoin prices.

[disclaimer201]

I bet most of the whales will plan to CASH OUT on or around halving day and let everyone else pay for their huge beach party. Seriously, I'd go for a party but all the price action will most likely happen long before summer. Looking at the past 2 weeks, it has already started to happen to a small degree. There will be no surprise, but if you want to buy Bitcoins you have maximum two, maybe three more months to do so. It'll hurt more and more to buy each passing month. In July price will just stagnate.

[Blue_Tiger73]

I would try to collect as much Bitcoin as I can before the halving. As many said that the halving will increase the Bitcoin prices.

Yeah. I am probably going to buy a couple more Bitcoin in hope that the Bitcoin price will rise a lot and I will make a good profit. I am in a really good mood just thinking about the halving. LOL.

[mtnsaa]

Maybe the price stands relatively stable and nothing major happens, is that possible? I think 2016-17 are crucial years on the development of Bitcoin for better or for worse.

[CrimBit]

I would try to collect as much Bitcoin as I can before the halving. As many said that the halving will increase the Bitcoin prices.

agree with you
now is the right time to collect as much as we are able bitcoin
halving decrease reward from 25 to 12.5 and im sure price will be up from $500 to $1000  

[mtnsaa]

I think the price will increase if there's demand that is not met really, halving will impact other areas but not sure if it will translate quite literally like you said.

[Minecache]

Do you have any plans for the evening Bitcoin halves?

If reading this retrospectively, what did you do the day of bitcoins halving?

so,do you think the price gonna like wave on kuta beach?oh i will grab coffee and some cigar,and watch price movement,its like enjoy the day when bitcoin halving,beause i dont have any bitcoin for trade,just watch it,and watch out

Personally I think that any rises will be priced in months before the rise. If I'm aware of the evening of the halving I'll get some beers in and celebrate the next step in bitcoins evolution. This thread wasn't meant to simply be about price.

[Laila10]

Cannot wait for the party, yeah it is our party seeing Bitcoin's price higher.. I'm buying more for sure already, don't you want becomes rich?

[chennan]

I hate to rain on everyones (future) parade... but there seems to be a total lack of knowledge to the importance of the block size debates that are coming up in the future.  This has the most future implications for price and adoption in the future, because if you don't have a functioning system "under the hood" then you don't have a legit currency, just merely an asset that everyone jumps on board with.  I'm scared bitcoin is going to be a "starbucks" in a way, where they sell over priced items that is somewhat better than everything else... not the other way around, where in this case, have orgasmic coffee that nothing else is in comparison.

I hope that analogy makes sense, but that's the only way I can think of how to explain it right now.

[richardsNY]

I will celebrate it by buying as much bitcoins I can before price rises 

The price is already rising OP: I will stay awake probably all day to see what the direct effect it has on the price, difficulty, hashpower, and so on. It will be a very interesting day since it is my first block halving.

[Amph]

the problem with doing it, is that the price will increase much early, adn then at the halving you can possibly have a zero increase, because it happened before

so i think i will just follow the price increase without caring too much about the halving

[AtheistAKASaneBrain]

http://bitcoinclock.com/

You can look here how much time you have left for the party. The thing is, on the last halving which was in 2013, was around when I starting reading up on Bitcoin, so I had absolutely no idea what the halving was. It probably happened as was learning about BTC while totally ignoring it.

This time im ready and have all the knowledge possible to understand the importance of the event.

[Vene]

To tell u the truth, I expect the price to reach at least $1500 per BTC by that time and grown even more after that. So yes, those ll be some interesting crypto times.

That is not the truth. The price will reach $2000 before the halving. It will drop after the halving when the party is over.

Maybe it wont hit 2000 but the party is before halving for sure.

[Erkallys]

Do you have any plans for the evening Bitcoin halves?

If reading this retrospectively, what did you do the day of bitcoins halving?

my plan I would buying some bitcoin before halving maybe 1-2week before halving then waiting price skyrocket at block halving day
also im interesting to buy bitcoin miner to start mining before block halving

maybe in the end of this year

If the price increase (it will but not surely on a really interesting way), it won't wait the halving day. I think that 1 or 2 weeks before, the price will have already started to rise.

[Arrakeen]

Anyone remember the LTC halving?  The price rose months before, and when halving actually occurred, nothing big happened....hope this $450 isn't all we're gonna see in regards to BTC 

[Alley]

I'd be up for getting a suite in Vegas and throwing a huge party.

[shanerc563]

I am reading through this and not understanding.  Is this like stock, it will double in the amount you have but the price will be cut in half, so there is more?  Is that what this means?  I am not understanding.  Thank you in advance.

[StevenS]

I am reading through this and not understanding.  Is this like stock, it will double in the amount you have but the price will be cut in half, so there is more?  Is that what this means?  I am not understanding.  Thank you in advance.

No, it's not like that.
The Bitcoin system pays miners to create blocks, which is what secures the network.

Currently miners are paid (in total) about 3600 BTC per day. Obviously, this is split up among the various miners and mining pools.

After the halving, miners will be paid 1800 BTC per day. The result will be that there will be less bitcoin entering the market, and this reduction in supply may result in a price increase.

However, if you compare this daily amount to the total market (which is very difficult to calculate), it is not a big enough fraction to have a major effect, so the effect is really caused by the speculation of the traders. In other words, nobody knows.

[MTBTT]

Do you have any plans for the evening Bitcoin halves?

If reading this retrospectively, what did you do the day of bitcoins halving?

Um... i would buy some pizza with bitcoins.