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ATguy
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April 08, 2016, 08:38:34 PM |
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This is the thing: if you knew in advance that a price spike was going to occur--with a definitely time, like the halving--then it would be guaranteed money. And there is no guaranteed money in this world that I know of, so this is why I've been saying that the halving is priced in already.
Obviously there is no guaranteed price increase after halving. Given the recent stable price, it would not surprise me if no big price movement this year at all, even with the reducted supply from mining, people might selling (and spending) more if price stays stable after halving, thus the supply-demand might not change much from today stable price. |
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Sierra8561
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April 08, 2016, 08:52:01 PM |
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This is the thing: if you knew in advance that a price spike was going to occur--with a definitely time, like the halving--then it would be guaranteed money. And there is no guaranteed money in this world that I know of, so this is why I've been saying that the halving is priced in already.
Obviously there is no guaranteed price increase after halving. Given the recent stable price, it would not surprise me if no big price movement this year at all, even with the reducted supply from mining, people might selling (and spending) more if price stays stable after halving, thus the supply-demand might not change much from today stable price. I think we are already beginning to see the halving being priced into bitcoin. It's doubtful we will see the price double over night. |
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Hellacopter
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April 08, 2016, 08:54:07 PM |
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Halving could be profitable only if the Bitcoin's price will highly increase after this event, otherwise it couldn't be profitable in my opinion. And as known we can't exactly predict the Bitcoin's price, so there is no guarantee about this
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Sierra8561
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April 08, 2016, 09:02:33 PM |
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Halving could be profitable only if the Bitcoin's price will highly increase after this event, otherwise it couldn't be profitable in my opinion. And as known we can't exactly predict the Bitcoin's price, so there is no guarantee about this
It will be a bumpy road. After halving, cost to mine each bitcoin basically doubles. This will naturally push the price up. On the flip side people with coins mined for much less will start taking profit this stalling the upward push. Where it will balance out is anyone's guess. |
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nejibens
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April 08, 2016, 09:23:47 PM |
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That's depend in the Bitcoin's price after the halving
But the price will most likely increase after this event
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Hashminers
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April 08, 2016, 09:32:00 PM |
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That's depend in the Bitcoin's price after the halving
But the price will most likely increase after this event
There is no guarantee the halving will let the price go higher even 1 dollar. The last halving is solid proof it is pure speculation. Taking at hand that the next generation miners can perfectly be profitable at the current rate, i doubt it will go higher at all. |
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ATguy
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April 08, 2016, 09:46:14 PM |
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Obviously there is no guaranteed price increase after halving. Given the recent stable price, it would not surprise me if no big price movement this year at all, even with the reducted supply from mining, people might selling (and spending) more if price stays stable after halving, thus the supply-demand might not change much from today stable price.
I think we are already beginning to see the halving being priced into bitcoin. It's doubtful we will see the price double over night. If you mean the halving being priced into bitcoin already by not so long fast price increase from sub 300 to over 400, you might be right. But still, price is defined by just supply-demand, so you probably saying the supply is now reduced (people holding) by high anticipation of price increase after halving, which fits. And if these people start selling after halving, supply might not be decreased at all after halving, thus no price increase. |
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The Sceptical Chymist
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Activity: 3332
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April 08, 2016, 11:21:01 PM |
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This is the thing: if you knew in advance that a price spike was going to occur--with a definitely time, like the halving--then it would be guaranteed money. And there is no guaranteed money in this world that I know of, so this is why I've been saying that the halving is priced in already.
Obviously there is no guaranteed price increase after halving. Given the recent stable price, it would not surprise me if no big price movement this year at all, even with the reducted supply from mining, people might selling (and spending) more if price stays stable after halving, thus the supply-demand might not change much from today stable price. I get it, but there are people here who are absolutely certain that the halving is not priced in. That we're going to see bitcoin rocket to the moon after the halving. My argument is that if you knew this for certain, it would make sense to mortgage your house, borrow everything you could from the bank and put all your money and assets into bitcoin. Would you not do those things if you knew with certainty? There is nothing in markets like this, where it's known that prices are going to rise (or fall). Unless you have inside info, of course. But for the rest of us, there's no free lunch. |
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BitsandBites
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April 08, 2016, 11:45:26 PM |
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Yes I do think the halving will be profitable at the end of this journey, its of course not to predict but I think it will be profitable.
The fact is also that a lot of people are saying that it will be profitable and will go to a higher amount because of it.
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Yakamoto
Legendary
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April 08, 2016, 11:50:28 PM |
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Yes I do think the halving will be profitable at the end of this journey, its of course not to predict but I think it will be profitable.
The fact is also that a lot of people are saying that it will be profitable and will go to a higher amount because of it.
A lot of people saying that it could or will be profitable might be a bad thing overall; too many people might get their expectations too high up and then they might dump theirs coins if they don't see the massive market swing everyone is interested in seeing. |
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Sierra8561
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April 09, 2016, 01:00:10 AM |
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Yes I do think the halving will be profitable at the end of this journey, its of course not to predict but I think it will be profitable.
The fact is also that a lot of people are saying that it will be profitable and will go to a higher amount because of it.
A lot of people saying that it could or will be profitable might be a bad thing overall; too many people might get their expectations too high up and then they might dump theirs coins if they don't see the massive market swing everyone is interested in seeing. I'll definitely be a buyer if a massive dump occurs. I agree way to many people have it in their heads, price will jump after halving. Personally I'm convinced we are gradually seeing it right now. When July comes and we don't see a explosion, emotion will kick in and people will trigger a sale off. I'll be waiting to see if it unfolds. |
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romero121
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April 09, 2016, 02:08:35 AM |
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Halving could be profitable only if the Bitcoin's price will highly increase after this event, otherwise it couldn't be profitable in my opinion. And as known we can't exactly predict the Bitcoin's price, so there is no guarantee about this
Halving at the past is highly profitable, this time as mentioned by the above buddy no guarantee, only at the time we know. At present we can make predictions based on its growth. |
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Mr.grin
Legendary
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Activity: 1218
Merit: 1000
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April 09, 2016, 02:23:36 AM |
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I guess halving indeed beneficial, it will probably make bitcoin prices rose. all bitcoin users waiting for this opportunity to sell bitcoin they collect and they hold for this
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Sierra8561
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April 09, 2016, 03:08:00 AM |
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Do people really think on halving day the price will just double or more? Guess I'll go mortgage my house lol.
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crazyivan
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April 09, 2016, 05:11:50 AM |
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Do people really think on halving day the price will just double or more? Guess I'll go mortgage my house lol.
Nah, not on the halving day. The price frenzy should start couple weeks before halving. Nothing will happen until that moment. |
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geopolisch
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April 09, 2016, 06:28:40 AM
Last edit: May 14, 2016, 06:08:35 PM by geopolisch |
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yes it is profitable
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setupbounds
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April 09, 2016, 07:12:47 AM |
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Halving, is a profitable.
Halving will change many people life this year. As the value of bitcoins tends to double or tripple this year, it means thise who have saving in bitcoins are surely to get rich in less than a three months from now. So just wait and see the Rise of the price of the Bitcoins in the coming months. |
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|Bitcoin|
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April 09, 2016, 08:49:25 AM |
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yes yes yes 100% yes. halving will make bitcoin rate go higher. maybe not much but at least profitable.
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ralle14
Legendary
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Metawin.com
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April 09, 2016, 09:26:07 AM |
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Do people really think on halving day the price will just double or more? Guess I'll go mortgage my house lol.
Nah, not on the halving day. The price frenzy should start couple weeks before halving. Nothing will happen until that moment. I agree the effect of halving dont start instantly it takes time before it goes into full effect maybe like a few months. |
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