azguard
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January 05, 2016, 10:20:39 AM |
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Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?
price won't doubled because only newly mining coin rewards halved but what about the coins that are already in the market, we can see 10-15 % growth on halving you can expect up to 50% maybe more but after that expect for price to go stable again in some nice range 600-700 or 700-800 it would be nice |
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1Referee
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January 05, 2016, 11:39:48 AM |
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Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?
It's definitely not baked in the current price. During 2016 we can definitely achieve to see the price double from current price point, but it can also go much higher and bring us a new ATH, which would be a great milestone. It has not much to do with the block rewards being cut by 50% and that the price must go up 100%. That's what I consider to be nonsense. It will be the demand and speculation that will be the main driver that will push the price possibly to over $1000 again this year. |
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eternalgloom
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January 05, 2016, 12:34:05 PM |
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Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?
It's definitely not baked in the current price. During 2016 we can definitely achieve to see the price double from current price point, but it can also go much higher and bring us a new ATH, which would be a great milestone. It has not much to do with the block rewards being cut by 50% and that the price must go up 100%. That's what I consider to be nonsense. It will be the demand and speculation that will be the main driver that will push the price possibly to over $1000 again this year. I remember reading somewhere that the current BTC price is just how much it should be given the current supply of Bitcoin. I wish I could find that article again.. |
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randy8777
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January 05, 2016, 01:26:11 PM |
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it will for sure double in value, but the question is, from what price will it double. this question has been asked quite frequently when the price was still below $250. if the price will double from $300, then we will see $600, which might seem low for some people. if it starts to double from $400, then $800 will be our price. it's something we don't know. only time will tell.
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zodiac3011
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January 05, 2016, 04:00:15 PM |
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In my opinion, the block reward halving will create a pump BEFORE the halving actually begins because people will assume that when it happens the supply will drop so the demand will increase! That's what create the pump in bitcoin price. However what will happen AFTER the halving is unpredictable, bitcoin whales may wait for such a great time to make a big dump which acts like a kill switch to the whole bitcoin economy (if they won't, the crowd may do that part) or the hype will continue and the price got pumped even higher becoming a big bubble. In the best scenario, the price will increase steadily BEFORE and AFTER the halving but that doesn't simple just happen! We should embrace ourselves for a wild ride with bitcoin price  Regards zodiac3011 |
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Snorek
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January 05, 2016, 04:09:41 PM |
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it will for sure double in value, but the question is, from what price will it double. this question has been asked quite frequently when the price was still below $250. if the price will double from $300, then we will see $600, which might seem low for some people. if it starts to double from $400, then $800 will be our price. it's something we don't know. only time will tell.
So I have a question for you - why bitcoin didn't double its value right after 1st halving? Why litecoin didn't double its value either? At first it seems logical that bitcoin price will go up. I agree with that. But it is bitcoin world and things are not so simple and logical here. |
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calkob
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January 05, 2016, 04:17:49 PM |
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i agree with snorek, there hasnt been much mentioned regarding the LTC halving and its price, i think certin people are pumping. i agree tho that the price will rise, to where, no one knows
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n2004al
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January 05, 2016, 05:01:34 PM
Last edit: January 31, 2016, 08:55:04 AM by n2004al |
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Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?
Cannot do this supposition. The need for bitcoin daily is not determined by the supply of only one day but for overall supply of bitcoin in existence. So more than 15 million bitcoin. Then the demand is not the same every day. If we see the number of transaction that can be a lateral and indirect indicator of demand the demand is doubled within the 2015 compared to 2014 (are doubled the number of transactions). This can be an indicator that show that the demand of one day is not the amount supposed by you. Because it was an increase of it (increase of transactions) day by day while the flow of supply of bitcoin in the market was the same. |
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randy8777
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January 05, 2016, 05:02:19 PM |
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it will for sure double in value, but the question is, from what price will it double. this question has been asked quite frequently when the price was still below $250. if the price will double from $300, then we will see $600, which might seem low for some people. if it starts to double from $400, then $800 will be our price. it's something we don't know. only time will tell.
So I have a question for you - why bitcoin didn't double its value right after 1st halving? Why litecoin didn't double its value either? At first it seems logical that bitcoin price will go up. I agree with that. But it is bitcoin world and things are not so simple and logical here. the situation right now is way more different than the first halving. currently there is much more money involved, more users, more holders, rich investors are finding their way to bitcoin, we have mega mining farms right now, demand from china. all this is reason enough to make the comming block halving way more different. and when the media is airing bitcoin news, then it can be considered an extra push. |
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bearex
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January 05, 2016, 06:29:20 PM |
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I also think that is the only logical thing to happen. But you never know, the price might crash, because it would stay the same, but miners will want to sell it for more due to higher maintenance cost (same as before for less profit).
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odolvlobo
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January 05, 2016, 08:13:04 PM |
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... If we assume that the current need for BC is worth of 1.4 million dollars a day ...
That is a bad assumption. Newly-mined bitcoins are only a small part of the supply. Your number is probably off by a factor of ten. Furthermore, bitcoins are not consumed. The supply of bitcoins is growing every day and will continue to grow after the halving. In order to maintain the current price, the demand must grow at least at the rate of the growth of the supply. The halving will require less growth in demand in order to maintain the current price. |
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SmartIphone
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January 05, 2016, 08:22:20 PM |
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Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?
Your calculation is not wrong, but it can't double immediately. The value of bitcoin will rise of course but maybe gradually, i hope the end of the year the price will be doubled |
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icem3lter
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January 05, 2016, 08:28:26 PM |
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Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?
There is no reason for the price to double, your logic is correct yes...but the value of Bitcoin is entirely dependent on supply and demand. So, if the free market thinks the value of each Bitcoin should double then it WILL double. If the market thinks the Bitcoin price should half, then it will half. |
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Orielres
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January 06, 2016, 09:19:45 AM |
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The price rose in the previous halving from 50 to 25. I think the price will also rise when it is from 25 to 12.5.
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pinoycash
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January 06, 2016, 12:11:14 PM |
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We can only know when the time of halving occurs. for now we can only speculate for the future price of BTC, You can invest in a few BTC for now.and hold it for 8 - 10 months.
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Raimonn
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January 06, 2016, 02:57:18 PM |
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If all the bitcoins users think that bitcoin will increase price before halving, its possible that we have a big pump before that, and with the halving the bitcoin price decrease because some of these users wants to sell and collect the earnings. I think that is a good opportunity now to buy some bitcoins to sell before the halving at higher prices.
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jayce
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January 06, 2016, 03:04:20 PM |
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I think that is a good opportunity now to buy some bitcoins to sell before the halving at higher prices.
It is always a good thing before halving to stock up some bitcoin, few other people will do so as well so that atleast could get the price higher than the current price. The next halving will make distribution alot more less so according to economic law, the rarer something is the higher the price will be |
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Snorek
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January 06, 2016, 03:04:57 PM |
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it will for sure double in value, but the question is, from what price will it double. this question has been asked quite frequently when the price was still below $250. if the price will double from $300, then we will see $600, which might seem low for some people. if it starts to double from $400, then $800 will be our price. it's something we don't know. only time will tell.
So I have a question for you - why bitcoin didn't double its value right after 1st halving? Why litecoin didn't double its value either? At first it seems logical that bitcoin price will go up. I agree with that. But it is bitcoin world and things are not so simple and logical here. the situation right now is way more different than the first halving. currently there is much more money involved, more users, more holders, rich investors are finding their way to bitcoin, we have mega mining farms right now, demand from china. all this is reason enough to make the comming block halving way more different. and when the media is airing bitcoin news, then it can be considered an extra push. That is true, with each passing year bitcoin market grows and is undoubtedly much bigger compared to the state we had during 1st halving, that's for sure. But it is apart from larger market cap, more people involved and money floating around it is unwise to think that situation will be much different than after 1st halving. Bitcoin is still new and people are not familiar with the process it will scale, for many it will be first halving and they could panic and sell before or do something more irrational. |
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DrLove2048
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January 06, 2016, 09:57:05 PM |
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It won't double because it's already somewhat in the price already.
Think about when a company releases earnings reports. We already know they will make $X per share, so even though it is good news it doesn't affect much because it's expected (assuming earnings are close to target)
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2legit2
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January 06, 2016, 11:19:29 PM |
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it will surely bump the price ump in my opinion
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