Blawpaw (OP)
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December 28, 2015, 06:23:39 PM |
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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?
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chennan
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December 28, 2015, 06:32:14 PM |
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Personally, I think this kind of thread will be better suited to go to the speculation section... but to answer your question, it's really hard to say.
Obviously, it should theoretically double in price... but the thing is, is that it still comes down to what users are willing to pay for Bitcoins. I feel that this volatility and price surges that have been happening for the past couple of months have all been due to speculation of what the halving will do, and the feeling of needing to acquire more coins before the halving comes. So, it's possible that by the time the halving comes, the prices will have already "doubled" in some sense and not rise at all, because people have already acquired what they wanted to acquire.
It all comes down to how much demand is out for the coin before and after the halving happens.
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calkob
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December 28, 2015, 06:40:59 PM |
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I hope so, like the last poster said the price really should double but i think that is unlikely in that time scale, i feel that its a buyers market at the minute. there has been a number of attempts in the last few weeks at a price increase, but people are only willing to pay so much at the minute and have reigned it back in.
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LiteCoinGuy
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In Satoshi I Trust
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December 28, 2015, 06:41:09 PM |
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i would estimate we will see a price between 700-1300 USD.
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BTCBinary
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December 28, 2015, 06:44:56 PM |
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I personally think the bitcoin price will rise. No one can tell for sure! In theory it should rise, but judging by what we have seen with the LTC halving, we could see its price double before the halving to then drop again to the same prices we are seeing now to then start a new steady rise. But... let's wait and see  |
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Bitcoin_Delivery
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December 28, 2015, 06:49:04 PM |
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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?
I think that BTC price could rise up, probably around the double of the actual valure....but i want also to consider that if BTC double is value, some big owners will dump a lot of coins, making the price go down again...but, yes! We can will have a new high! |
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Yakamoto
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December 28, 2015, 06:59:56 PM |
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Theoretically, there is a high chance that Bitcoin will hit a new high, since the scarcity would be increased, and the miners would have to fell their coins for more to make a profit or even cover their costs. Logically, this would mean we would see new highs.
In reality, we might now see an increase that would be worth taking note of. Miners may be forced out of the space, resulting in less difficulty for other miners, meaning they subsequently have to mine that much less, reducing costs overall.
It is too difficult to determine what is going to happen with the halving as of right now, and we will just have to wait and see what happens with Bitcoin as it progresses.
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avw1982
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December 28, 2015, 07:04:27 PM |
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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?
For sure bitcoin price will go up to some remarkable market value for the bitcoin. Once halving done automatically mining will be very low then automatically price will up with demand. |
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dragonusa9
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December 28, 2015, 07:18:00 PM |
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we will see a new high price on 2016, i can't say exactly when
but With lot of speculation of other people and news
i dont know if it's be like 2013 BTC price or higher than 2013 BTC price
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Denker
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December 28, 2015, 07:24:40 PM |
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i would estimate we will see a price between 700-1300 USD.
Yes $1300 as the new ATH and then having a stronger correction with a bottom of $700 at least. After that swinging around $800-$900. Something like that and it would have been a successful 2016 imo. Higher prices are always welcome of course. |
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n2004al
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December 28, 2015, 07:24:48 PM |
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Only bitcoin know what will do. So to have the answer of the main post must find bitcoin and must ask an interview from it. Very carefully, because "him" never speak about its secrets must create a question which indirectly can give an idea about the trend of the price which he have in mind to follow after the halving. For example a question like this: How do you think about the situation in China? Do you expect any further regulation more than the actual one? Then, after he will give its answer you can ask: Have heard that they will do this if you will have a higher price? What do you think you about this? And for sure, after this super intelligent question, "he" will eat the bait and will give the desired answer. In this way you can learn the price of it after halving. This interview must be made 2-3 before halving in order that the answer given will have to do those days. The only problem is that "he" is very busy because is requested every day more. How to resolve this problem?
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Amph
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December 28, 2015, 07:26:56 PM |
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i smell a new ath for the 2016, you see this time we begin from a higher point than what it was when there was the 1200 ath, from 400 reaching a 1200+ look more easy, it just a 3x increase, nothing so impossible for bitcoin
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shogdite
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December 28, 2015, 07:29:08 PM |
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we will see a new high price on 2016, i can't say exactly when
but With lot of speculation of other people and news
i dont know if it's be like 2013 BTC price or higher than 2013 BTC price
We will see a high price in 2016, it has already started leading to the end of 2015. If we are getting anywhere near an ATH then that will be in the couple of months before the 2016 halving so i am thinking around April/May but of course that is my opinion and i am not a pro trader so who knows what is coming. Price is going to be one to look out for closer to the time. |
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dragonusa9
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December 28, 2015, 07:32:02 PM |
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we will see a new high price on 2016, i can't say exactly when
but With lot of speculation of other people and news
i dont know if it's be like 2013 BTC price or higher than 2013 BTC price
We will see a high price in 2016, it has already started leading to the end of 2015. If we are getting anywhere near an ATH then that will be in the couple of months before the 2016 halving so i am thinking around April/May but of course that is my opinion and i am not a pro trader so who knows what is coming. Price is going to be one to look out for closer to the time. well, it's still not exactly known when will the price skyrocket sir you can predict with your own opinion still i need to predict the real thing could happen |
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Altynbekova
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December 28, 2015, 07:46:18 PM |
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The price will stay the same I think. I remmbered that form the last halving.
If it goes up, it would be good, but seeing the current value is very interesting for i doubt we see some heavy price action.
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Snail2
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December 28, 2015, 10:48:21 PM |
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Prices are likely to go up in the next six month but I think we'll see some wild swings. To be honest I'd be very surprised if we wouldn't see some big pumps around the halving. So a new ATH is quite possible.
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deluxeCITY
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December 28, 2015, 10:54:09 PM |
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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?
That is closing in very fast I must say. I think we will see a rise in the few months leading upto the halving and then when the halving comes we will see a dip but it will be left in better shape than when the rise started. Saying that the halving may already be priced in on the recent rise. Anyway I doubt we will see a new ath. |
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Maskedman
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December 28, 2015, 10:55:28 PM |
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Probably... Because the inflation rate is going to go down.
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Nimbulan
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December 28, 2015, 10:59:37 PM |
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well there will surely be huge differences in price in my opinion because its an important event for bitcoin, most probably the price will increase a lot because the reward of a block will be decreased a lot though its just my ideas
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1Referee
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December 29, 2015, 12:24:13 AM |
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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?
I think panic and speculation will add an extra of 25% growth in the price the last month before the halving. I am quite sure that there will be a huge peak at some point before the halving, but when things have cooled down after the halving, the price will come down to more realistic levels again. I think touching a new ATH is possible, but we won't stay above $1000 for long. |
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