Halving - Will we see a new price high?

[pissedoff]

We are moving fast towards the bitcoin halving. In about six months the mining supply will drop to half. Do you think we will see a rally in the price before or after that? Do you believe this can set a new high?

Yeah we might be seeing a major increase in the bitcoin price because the price needs to increase for mining to be profitable.

[Holdaaja]

we already stay for a long time at $400, this make me think this just a rumors price will jump high maybe price will increase but not much.

Why wouldn't it go up?

If half of the mined coins are sold then after halving there will be 27000 coins less sold every month.

And if someone would buy only 17000 coins right now price would go to 700$ per coin.

[d5000]

I think the price level we're on actually (380-450) is already a result of speculation with the block reward halving. But it could be much higher if the block size debate wasn't that hefty.

So my predictions are:

- There is consensus about block size again: We can see perfectly the old high of $1200 and go even higher. (I don't think it will go that much higher, though; not more than $2000-2500).
- Things stay like they are, with many competing clients and split community: Then I predict a short pump to $700 or $800 and then another downfall to the actual level or even lower. It's possible that an altcoin like ETH can reach the market cap of Bitcoin in this case (No, I'm not a Eth shill ).

[UngratefulTony]

When a multitude of literal children and degenerate gamblers think a certain outcome is a sure thing... they're usually right.

I mean, real world demand for bath salts, MMM payments, and alpaca socks is only going to stay the same, and supply will be halved.

Speculators stashing them away to dump on a halving pump are a negligible portion of the market.

Mewn time sewn boyz.

 

[1Referee]

I think the price level we're on actually (380-450) is already a result of speculation with the block reward halving. But it could be much higher if the block size debate wasn't that hefty.

So my predictions are:

- There is consensus about block size again: We can see perfectly the old high of $1200 and go even higher. (I don't think it will go that much higher, though; not more than $2000-2500).
- Things stay like they are, with many competing clients and split community: Then I predict a short pump to $700 or $800 and then another downfall to the actual level or even lower. It's possible that an altcoin like ETH can reach the market cap of Bitcoin in this case (No, I'm not a Eth shill ).

I like people that are talking about realistic stuff. In what time frame do you think we can surpass the old ATH as you say in the bolded part?

Regarding an altcoin that may reach the market cap of Bitcoin; With Bitcoin having a market cap this low I can definitely see a certain altcoin come very close to the market cap of Bitcoin. It won't be due to the demand of that coin, but more due to one or two people holding nearly all the coins, and that may result in the price to sky rocket to insanely high price levels.

I predicted that ETH would be pumped to a market cap of $1 billion at the time the market cap was "just" $500 million. It was quite easy to spot as I have been watching every movement of ETH since the very beginning. It's being pumped with the same amount of coins each time. The guys behind this massive pump play it very well.

[FruitsBasket]

we already stay for a long time at $400, this make me think this just a rumors price will jump high maybe price will increase but not much.

Why wouldn't it go up?

If half of the mined coins are sold then after halving there will be 27000 coins less sold every month.

And if someone would buy only 17000 coins right now price would go to 700$ per coin.

That are some nice predictions that u make
I hope that will come true and the price rises alot.
Everyone that buys in now, will then have double their money, which is amazing.

[knowhow]

I think the price level we're on actually (380-450) is already a result of speculation with the block reward halving. But it could be much higher if the block size debate wasn't that hefty.

So my predictions are:

- There is consensus about block size again: We can see perfectly the old high of $1200 and go even higher. (I don't think it will go that much higher, though; not more than $2000-2500).
- Things stay like they are, with many competing clients and split community: Then I predict a short pump to $700 or $800 and then another downfall to the actual level or even lower. It's possible that an altcoin like ETH can reach the market cap of Bitcoin in this case (No, I'm not a Eth shill ).

I like people that are talking about realistic stuff. In what time frame do you think we can surpass the old ATH as you say in the bolded part?

Regarding an altcoin that may reach the market cap of Bitcoin; With Bitcoin having a market cap this low I can definitely see a certain altcoin come very close to the market cap of Bitcoin. It won't be due to the demand of that coin, but more due to one or two people holding nearly all the coins, and that may result in the price to sky rocket to insanely high price levels.

I predicted that ETH would be pumped to a market cap of $1 billion at the time the market cap was "just" $500 million. It was quite easy to spot as I have been watching every movement of ETH since the very beginning. It's being pumped with the same amount of coins each time. The guys behind this massive pump play it very well.

Wekk ETH main strategy is pump till the sky,and they already showed what they came for.ETH will be always pumped very easy the whales around it are making a good work do you remember ETH 200ksatoshis?It were on the last month the value of it,soo the whales of bitcoin just changed into it and looks what they done 3000k satoshis value and now on the 2400k ,soo i believe some people around are very pissed to had lost several bitcoins with halving aproaching.One thing is sure all altcoins will get red when the pump at bitcoin start ,there is no main interestes besides the halving.

[Yakamoto]

I highly, highly doubt that we will have the opportunity to see a new price high just from the halving, but considering the market, you never know.

I expect we'll see something more like $600-700, maybe higher than that.

[Erzatium]

I highly, highly doubt that we will have the opportunity to see a new price high just from the halving, but considering the market, you never know.

I expect we'll see something more like $600-700, maybe higher than that.

It's unlikely to see a big rise like we have expected. But in terms of growth and potential it would not surprise me if we would reach an all time high this year.
Bitcoin is worth it.

[afbitcoins]

I predicted that ETH would be pumped to a market cap of $1 billion at the time the market cap was "just" $500 million. It was quite easy to spot as I have been watching every movement of ETH since the very beginning. It's being pumped with the same amount of coins each time. The guys behind this massive pump play it very well.

Interesting observation. I have wondered if this etherium pump is part of the lead up to bitcoin halving? It seems to have been effective as a way to shake quite a few people out of a portion of their bitcoins.

In general I think bitcoin will rise due to halving which is why i added more to my stack in the $200's and not selling for a good while yet.

The next bubble will be only a small part due to  market forces of the halving though. There will be a lot of pumping. Speculation. New investors rushing in from stocks and precious metals. Hope the block size is up to it.

[AliceGored]

I predicted that ETH would be pumped to a market cap of $1 billion at the time the market cap was "just" $500 million. It was quite easy to spot as I have been watching every movement of ETH since the very beginning. It's being pumped with the same amount of coins each time. The guys behind this massive pump play it very well.

Interesting observation. I have wondered if this etherium pump is part of the lead up to bitcoin halving? It seems to have been effective as a way to shake quite a few people out of a portion of their bitcoins.

In general I think bitcoin will rise due to halving which is why i added more to my stack in the $200's and not selling for a good while yet.

The next bubble will be only a small part due to  market forces of the halving though. There will be a lot of pumping. Speculation. New investors rushing in from stocks and precious metals. Hope the block size is up to it.

It's not.

Hence, the massive dumpage every. single. time it manages to get pumped to the mid to high 400's. Also the reason ETH buyers have seen up to 15X returns on choosing a less artificially handicapped alternative.

[nostal02]

I highly, highly doubt that we will have the opportunity to see a new price high just from the halving, but considering the market, you never know.

I expect we'll see something more like $600-700, maybe higher than that.

It's unlikely to see a big rise like we have expected. But in terms of growth and potential it would not surprise me if we would reach an all time high this year.
Bitcoin is worth it.

I dont think we will be able to see an all time high this here as it wont ever happen again,for sure bitcoin price will go up but only a few percentage.

[lixer]

I highly, highly doubt that we will have the opportunity to see a new price high just from the halving, but considering the market, you never know.

I expect we'll see something more like $600-700, maybe higher than that.

It's unlikely to see a big rise like we have expected. But in terms of growth and potential it would not surprise me if we would reach an all time high this year.
Bitcoin is worth it.

I dont think we will be able to see an all time high this here as it wont ever happen again,for sure bitcoin price will go up but only a few percentage.

Your speculation is completely baseless. No one can predict exactly that only a few percentage of price surge is possible due to halving. Halving is in very big event, happening once for 4 years approximately, so we can expect a huge consequence in price levels of bitcoin.

[trenchflaint]

I highly, highly doubt that we will have the opportunity to see a new price high just from the halving, but considering the market, you never know.

I expect we'll see something more like $600-700, maybe higher than that.

It's unlikely to see a big rise like we have expected. But in terms of growth and potential it would not surprise me if we would reach an all time high this year.
Bitcoin is worth it.

I dont think we will be able to see an all time high this here as it wont ever happen again,for sure bitcoin price will go up but only a few percentage.

Your speculation is completely baseless. No one can predict exactly that only a few percentage of price surge is possible due to halving. Halving is in very big event, happening once for 4 years approximately, so we can expect a huge consequence in price levels of bitcoin.

Actually the all time price hike that happen a few years ago was cause by willy bot.
Which was connected to Mt. Gox so i dont think there will we an all time high price just because there will be a halving.
http://www.pfhub.com/bitcoins-1200-value-allegedly-manipulated-by-willy-the-bot-767/

[LarryHocks]

I highly, highly doubt that we will have the opportunity to see a new price high just from the halving, but considering the market, you never know.

I expect we'll see something more like $600-700, maybe higher than that.

It's unlikely to see a big rise like we have expected. But in terms of growth and potential it would not surprise me if we would reach an all time high this year.
Bitcoin is worth it.

I dont think we will be able to see an all time high this here as it wont ever happen again,for sure bitcoin price will go up but only a few percentage.

I think there will come a high new price but its also unpredictable but I think its possible for sure without no doubts.
Its also that people need to believe in the bitcoin so the price will also rise to a higher amount.

[bitlancr]

That is really hard to say. Because you never know what will happen with the currency. You can see now that the value is rising slowly.
And that is very good. The problem is that you dont know when it will stop and if it is going down.

[btcxyzzz]

That's maybe the greatest delusion about Bitcoin that currently keeps price sideways. After halving, expect ~250 USD if not earlier.

[1Referee]

I predicted that ETH would be pumped to a market cap of $1 billion at the time the market cap was "just" $500 million. It was quite easy to spot as I have been watching every movement of ETH since the very beginning. It's being pumped with the same amount of coins each time. The guys behind this massive pump play it very well.

Interesting observation. I have wondered if this etherium pump is part of the lead up to bitcoin halving? It seems to have been effective as a way to shake quite a few people out of a portion of their bitcoins.

In general I think bitcoin will rise due to halving which is why i added more to my stack in the $200's and not selling for a good while yet.

The next bubble will be only a small part due to  market forces of the halving though. There will be a lot of pumping. Speculation. New investors rushing in from stocks and precious metals. Hope the block size is up to it.

I am quite sure that the guys behind this pump made a good $3-$5 million in BTC. That profit is also being used to create massive amounts of volume and to manipulate the price even further.

Just look at the buy side of the orderbook right now, it has 12,500BTC open buy orders, and from time to time you'll see it go up to around 15,000BTC. A while back there were only 2,000-4,000BTC in open buy orders. That's a good difference.

Whatever happens the coming months, at some point the party will be over and the price will return to earth where it belongs.

[alisafidel58]

Well we will see a new price high when we are on the last halving of bitcoin since its going to be near its ending phase of mining.
By that time bitcoin price will surely double or triple todays price.

[LMGTFY]

Well we will see a new price high when we are on the last halving of bitcoin since its going to be near its ending phase of mining.
By that time bitcoin price will surely double or triple todays price.

Assuming 4 years per 210,000 blocks - that's over 130 years away.

In that time I'd expect BTC to be worth 2-3x today's price simply due to inflation eroding the value of fiat. And I suspect I'm underestimating the power of inflation.