BITCOIN HALVING IS COMING!!!

[Jet Cash]

Let's try again. Imagine you have huge BTC holdings, but no fiat money. How do you manipulate the price up?

You increase demand, and also encourage saving. To increase demand, I believe that you need to speed up transactions, and improve the image of Bitcoin. It is my belief that it will be neccessary to free Bitcoin from the chains of 10 minute block intervals, if there is to be any significant acceptance by the general public.

[watashi-kokoto]

I'm just waiting for deutsche bank to collapse, selling my flat and going Bitcoin All-in

[pawel7777]

Let's try again. Imagine you have huge BTC holdings, but no fiat money. How do you manipulate the price up?

You increase demand, and also encourage saving. To increase demand, I believe that you need to speed up transactions, and improve the image of Bitcoin. It is my belief that it will be neccessary to free Bitcoin from the chains of 10 minute block intervals, if there is to be any significant acceptance by the general public.

Yeah, you're talking in general, but I'm only referring to price manipulation by miners. They don't have ability to create more demand, encourage saving etc (unless you expect them to run Bitcoin advertising campaigns, spread awareness etc, so not quite what miners do).

Since miners would only be interested in price going up, then how can they manipulate the exchanges? They're not very well suited to successfully create any fake pumps, unless they're ready to engage significant amount of fiat money.

[Amph]

It's demand that will drive the price. Coins will still be mined, so if demand doesn't increase, then the price will drop. What could hold back demand? Well one factor could be increased confirmation times as miners drop out of the mix, or submit more empty blocks. 10 minutes between blocks is far to long to build public opinion regardless of block sizes. In fact increased block sizes could lead to longer confirmation times if miners don't fill blocks, and transaction sizes increase.

not really, there is a massive manipulation going on that is done by the miners themselves, if you think that the miner will let all their asic worth nothing you're wrong

it's too damn profitable for them, they will manipulate the market to increase the value

How exactly can miners manipulate the price (drive it up) when they only have bitcoins? The best they could do is to not to dump them on the market too quickly. But that's hardly a manipulation.

To manipulate the price up, they'd need large amounts of fiat money.

they have a large amount of bitcoin, see above, any big chinese farm out there is sitting on 50k coins easily, if they combine their manipulation they can overcome the one of the exchange even big exchange

I sense you only briefly scanned my post. That's not what I'm asking.

Let's try again. Imagine you have huge BTC holdings, but no fiat money. How do you manipulate the price up?

is this even a question? it's clear that you sell first to instigate a dump and then buy and instigate a pump, that's how manipulation work, you don't buy/dump everything

[pawel7777]

is this even a question?

Yes. That's what the question mark indicates, innit?:

How exactly can miners manipulate the price (drive it up) when they only have bitcoins?

See?

it's clear that you sell first to instigate a dump and then buy and instigate a pump, that's how manipulation work, you don't buy/dump everything

Lol, no. Even if, for the sake of argument, I was to agree with you, you still have to admit that even in such scenario miners are still in much worse position to successfully pull that off than any big fiat holders (as the latter don't have to neutralise effects of price-drop first, caused by the initial dump). So not really well-suited for market manipulators.

[Amph]

Lol, no. Even if, for the sake of argument, I was to agree with you, you still have to admit that even in such scenario miners are still in much worse position to successfully pull that off than any big fiat holders (as the latter don't have to neutralise effects of price-drop first, caused by the initial dump). So not really well-suited for market manipulators.

it's actually doable and was what willy bot did in the past with the 1300 ath, manipulation it's all about make the other buy instead of you, not you buy everything and wait for another to dump, that is being retarded

[LiteCoinGuy]

wooooooooooooohooooooooooooooooooooooooooooooooooooooooooooo!!!!! 

[Rotator]

No. The difficulty will not increase. There will only be 12.5 BTC every 10 minutes, period. No matter what the difficulty is.
I presume the difficulty will decrease because many people will not be able to pay for the electricity mining only half of what they are mining now.
Until the price doubles, then they will turn on their rigs again.

Difficulty will not decrease if price stay high or even better continue rising.
But if price falls down miners will definitely be in problems.
They won't sell under the price and the price will correct soon.

[vinaha]

It's demand that will drive the price. Coins will still be mined, so if demand doesn't increase, then the price will drop. What could hold back demand? Well one factor could be increased confirmation times as miners drop out of the mix, or submit more empty blocks. 10 minutes between blocks is far to long to build public opinion regardless of block sizes. In fact increased block sizes could lead to longer confirmation times if miners don't fill blocks, and transaction sizes increase.

not really, there is a massive manipulation going on that is done by the miners themselves, if you think that the miner will let all their asic worth nothing you're wrong

it's too damn profitable for them, they will manipulate the market to increase the value

How exactly can miners manipulate the price (drive it up) when they only have bitcoins? The best they could do is to not to dump them on the market too quickly. But that's hardly a manipulation.

To manipulate the price up, they'd need large amounts of fiat money.

I agree with you. Miners cannot manipulate the price up, they could only manipulate the price down by dumping Bitcoin. That's the beauty of the halving: it's not a manipulation. There simply is only half the supply, the price naturally has to raise.

[doctor877]

Bitcoin halving is on the way and we expect some good news from it as we want that the price of bitcoin should climb up so lets wait and watch what halving offers us.

[Scream]

http://bitcoinclock.com
Reward-Drop ETA: 2016-07-13 06:37:31 UTC
http://www.bitcoinblockhalf.com
Reward-Drop ETA date: 22 Jul 2016 20:21:01

any chance the block halving can forward to mei 2016 or backward to desember 2016?

im waiting the block halving and still save my BTC 

[Pattart]

Bitcoin halving is on the way and we expect some good news from it as we want that the price of bitcoin should climb up so lets wait and watch what halving offers us.

I think before halving occurs. bitcoin prices will continue to soar. as was the case in 2013

[7788bitcoin]

I think before halving occurs. bitcoin prices will continue to soar. as was the case in 2013

I hope so... but we really need to resolve the blocksize civil war before bitcoin can move forward- this itself will be the most important factor tthat will affect the price.

[pooya87]

I think before halving occurs. bitcoin prices will continue to soar. as was the case in 2013

I hope so... but we really need to resolve the blocksize civil war before bitcoin can move forward- this itself will be the most important factor tthat will affect the price.

i agree, the block size debate has been going on long enough, there needs to be a solution soon in order for bitcoin to move forward and grow. especially since the blocks have been almost full for some time now.

[vinaha]

http://bitcoinclock.com
Reward-Drop ETA: 2016-07-13 06:37:31 UTC
http://www.bitcoinblockhalf.com
Reward-Drop ETA date: 22 Jul 2016 20:21:01

any chance the block halving can forward to mei 2016 or backward to desember 2016?

im waiting the block halving and still save my BTC 

It's based on how many blocks mined, so only if miners consistently mine blocks faster or slower. It could be off by a few weeks I guess but not months.

[darkstarzz69]

I believe it may come early as we are in the era of E/HS now. More miners coming in would lead to faster hashing hence we may see it happen earlier. I suggest you buy up your coins by end April and wait it out for a nice profit

[lottery248]

supply halve + demand remain = price increase.
since the bitcoin price is now starting to increase, ready to buy more bitcoin for yourself to get rich.
if you mine bitcoins now, you can still earn a great amount of bitcoins until the halve.

[Amph]

It's demand that will drive the price. Coins will still be mined, so if demand doesn't increase, then the price will drop. What could hold back demand? Well one factor could be increased confirmation times as miners drop out of the mix, or submit more empty blocks. 10 minutes between blocks is far to long to build public opinion regardless of block sizes. In fact increased block sizes could lead to longer confirmation times if miners don't fill blocks, and transaction sizes increase.

not really, there is a massive manipulation going on that is done by the miners themselves, if you think that the miner will let all their asic worth nothing you're wrong

it's too damn profitable for them, they will manipulate the market to increase the value

How exactly can miners manipulate the price (drive it up) when they only have bitcoins? The best they could do is to not to dump them on the market too quickly. But that's hardly a manipulation.

To manipulate the price up, they'd need large amounts of fiat money.

I agree with you. Miners cannot manipulate the price up, they could only manipulate the price down by dumping Bitcoin. That's the beauty of the halving: it's not a manipulation. There simply is only half the supply, the price naturally has to raise.

wrong they can in the same way willy bot did it, you just need 50k bitcoin or even less, any exchange struggle to even reach 200k coins per volume, minus the big one

how having 25% of the volume of one exchange is not going to manipulate it? i think you guy don't know how many coins miners have

[aarons6]

It's demand that will drive the price. Coins will still be mined, so if demand doesn't increase, then the price will drop. What could hold back demand? Well one factor could be increased confirmation times as miners drop out of the mix, or submit more empty blocks. 10 minutes between blocks is far to long to build public opinion regardless of block sizes. In fact increased block sizes could lead to longer confirmation times if miners don't fill blocks, and transaction sizes increase.

not really, there is a massive manipulation going on that is done by the miners themselves, if you think that the miner will let all their asic worth nothing you're wrong

it's too damn profitable for them, they will manipulate the market to increase the value

How exactly can miners manipulate the price (drive it up) when they only have bitcoins? The best they could do is to not to dump them on the market too quickly. But that's hardly a manipulation.

To manipulate the price up, they'd need large amounts of fiat money.

I agree with you. Miners cannot manipulate the price up, they could only manipulate the price down by dumping Bitcoin. That's the beauty of the halving: it's not a manipulation. There simply is only half the supply, the price naturally has to raise.

wrong they can in the same way willy bot did it, you just need 50k bitcoin or even less, any exchange struggle to even reach 200k coins per volume, minus the big one

how having 25% of the volume of one exchange is not going to manipulate it? i think you guy don't know how many coins miners have

you are assuming that they are all working together..

im fairly certain that large mining outfits.. that have 1000s of miners and get 1000s of coins per month try very hard to maximize profits..
its not like they are just going to go on some exchange and hit the sell button and let the exchange pick the next lowest price..

[Amph]

It's demand that will drive the price. Coins will still be mined, so if demand doesn't increase, then the price will drop. What could hold back demand? Well one factor could be increased confirmation times as miners drop out of the mix, or submit more empty blocks. 10 minutes between blocks is far to long to build public opinion regardless of block sizes. In fact increased block sizes could lead to longer confirmation times if miners don't fill blocks, and transaction sizes increase.

not really, there is a massive manipulation going on that is done by the miners themselves, if you think that the miner will let all their asic worth nothing you're wrong

it's too damn profitable for them, they will manipulate the market to increase the value

How exactly can miners manipulate the price (drive it up) when they only have bitcoins? The best they could do is to not to dump them on the market too quickly. But that's hardly a manipulation.

To manipulate the price up, they'd need large amounts of fiat money.

I agree with you. Miners cannot manipulate the price up, they could only manipulate the price down by dumping Bitcoin. That's the beauty of the halving: it's not a manipulation. There simply is only half the supply, the price naturally has to raise.

wrong they can in the same way willy bot did it, you just need 50k bitcoin or even less, any exchange struggle to even reach 200k coins per volume, minus the big one

how having 25% of the volume of one exchange is not going to manipulate it? i think you guy don't know how many coins miners have

you are assuming that they are all working together..

im fairly certain that large mining outfits.. that have 1000s of miners and get 1000s of coins per month try very hard to maximize profits..
its not like they are just going to go on some exchange and hit the sell button and let the exchange pick the next lowest price..

well it's easy to think that chinese miners can work together if needed, but aside from this there are big farm that even alone do 100 coins per day so this is 3k per month = 36k per year, not an amount to underestimate

remember the thief that has stolen a mere 10k-20k coins on bitstamp, he alone controlled the market at that time, now those chinese are doing much more than him