Lauda
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April 10, 2016, 09:21:26 PM |
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I thinking logically, most miners are located in China and they have cheapest electricity in the world we can use their mining price as referent price.
Yes, that is correct. The majority is concentrated in China, but can you really ignore the others? So we can tell they won't dump under that price, so price can only be higher.
You think that they have such a strong influence? What about 'whales' that might dump? Same story goes with bitcoin, small percentage of coins are on exchanges and they are in hands of whales - mostly.
That does make sense. Things seem to be a bit calm these days though. Speculators will drive the price up once we are closer to the halving.
You can't know that for sure. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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Wapinter
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April 10, 2016, 09:44:47 PM |
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Market is all about perception.If most people believe that something is profitable to them,they start buying it resulting in price increase.Technically halving should not effect price of bitcoin because it will halve the rewards of miners.For general public bitcoin would still be available as it is now but since many believe it will shorten the supply,this can lead to price hike
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Hashminers
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April 10, 2016, 09:47:50 PM |
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The halving is pretty profitable if you ask me because the price is gonna rise most likely because of the impact it has on the block size.
I think this will be a good year for the bitcoin itself because its also growing so if we not gonna make profit by the halving it will be by the growth of the users the bitcoin itself has.
We most likely all gonna make profit.
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PakistanHockeyfan
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April 10, 2016, 10:01:54 PM |
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Honestly, it's only profitable when you're paying copious amounts of attention towards price increases and decreases. If you sell too soon, you miss a price increase and if you buy too late, you have to spend a lot of money on one single coin for holding.
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Sierra8561
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April 10, 2016, 10:19:08 PM |
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It will be interesting to see. With hard costs staying the same "electricity, hardware, etc" and income being cut in half. I wonder how this whole thing will shake out for the miner crowd.
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uname
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April 10, 2016, 10:43:26 PM |
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Most likely the bitcoin will be profitable, a lot of speculators are saying this and I also think this is true to be honest.
The halving is just a couple months away from us, and I think the halving can let us all make profit if it has been done.
Speculators will drive the price up once we are closer to the halving. thats why I'm always happy if a lot of people have high expectations on halving and I was glad when they said. "Better buy now before halving happen" |
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Sierra8561
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April 10, 2016, 11:00:25 PM |
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Most likely the bitcoin will be profitable, a lot of speculators are saying this and I also think this is true to be honest.
The halving is just a couple months away from us, and I think the halving can let us all make profit if it has been done.
Speculators will drive the price up once we are closer to the halving. thats why I'm always happy if a lot of people have high expectations on halving and I was glad when they said. "Better buy now before halving happen" Be careful professional speculators are more than likely already making their move. |
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Monnt
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April 10, 2016, 11:20:27 PM |
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During and after the halving, we will see a definite rise in price of bitcoin. Maybe not double, but maybe a rise by 50-75%. That's my prediction.
Some people say the price will skyrocket, I highly doubt that though.
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1Referee
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April 10, 2016, 11:24:49 PM |
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During and after the halving, we will see a definite rise in price of bitcoin. Maybe not double, but maybe a rise by 50-75%. That's my prediction.
Some people say the price will skyrocket, I highly doubt that though.
Every person has a different view on what is skyrocketing of the price. Some say the price is skyrocketing when the price is only going up like $50 or so. And for the other it is even lower than that. I will be a happy person if we can maintain any price higher than $500 for the rest of this year. Everything above the $500 will be a nice bonus for me. |
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7788bitcoin
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April 11, 2016, 01:47:58 AM |
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During and after the halving, we will see a definite rise in price of bitcoin. Maybe not double, but maybe a rise by 50-75%. That's my prediction.
Some people say the price will skyrocket, I highly doubt that though.
Every person has a different view on what is skyrocketing of the price. Some say the price is skyrocketing when the price is only going up like $50 or so. And for the other it is even lower than that. I will be a happy person if we can maintain any price higher than $500 for the rest of this year. Everything above the $500 will be a nice bonus for me. I think about $400-500, or no change will be seen during the actual reward halving. The real effect of the reduction of supply will only be felt months after. At the moment we have more than 15 million mined coins. Although the reduction of 1800 per day is very tiny but effect will be seen in long term. |
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Vaskiy
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April 11, 2016, 07:26:00 AM |
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During and after the halving, we will see a definite rise in price of bitcoin. Maybe not double, but maybe a rise by 50-75%. That's my prediction.
Some people say the price will skyrocket, I highly doubt that though.
Don't have any doubts mate, that's the truth, may be it skyrocket else it will be in the intermediate levels, ranging from $700 to $800 and even more but not less than that. |
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RealMalatesta
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April 11, 2016, 07:37:18 AM |
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I'm absolutely sure that one of these three scenarios will happen:
a) the price goes down
or
b) the price stays stable
or
c) the price goes up.
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vendetahome
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April 11, 2016, 11:00:18 AM |
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Do you think that in this year halving is a profitable???
i think that halving is profitable for everyone that have bitcoins now and will save them,everyone thinks like that so everybody buys lots of bitcoins now, halving will rise price of bitcoin for sure, so if you have bitcoins for 1000$ now after halving you should have bitcoins for 1500$ or even more, so yes, it is very profitable |
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Dapallo
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April 11, 2016, 11:11:43 AM |
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Most likely the bitcoin will be profitable, a lot of speculators are saying this and I also think this is true to be honest.
The halving is just a couple months away from us, and I think the halving can let us all make profit if it has been done.
Speculators will drive the price up once we are closer to the halving. It is hard to say for what is going to happen with Bitcoin, because Bitcoin is a currency and you never will know what can happen with the value of Bitcoin, the most are hoping that it will rise soon and that will be good. There are a lot of people that is saying that it will not rise after the halving and that can be bad for the most people who already have some Bitcoins. |
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betohell
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April 11, 2016, 11:43:00 AM |
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I'm absolutely sure that one of these three scenarios will happen:
a) the price goes down
or
b) the price stays stable
or
c) the price goes up.
halving prices will fall if not changing anything on bitcoin, and many people are disappointed and then sell all of their bitcoin. that three option can occur |
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ATguy
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April 11, 2016, 02:06:52 PM |
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Technically halving should not effect price of bitcoin because it will halve the rewards of miners.For general public bitcoin would still be available as it is now but since many believe it will shorten the supply,this can lead to price hike
But there is going to be less new Bitcoins available everyday for miners to sell, so the suppy at exchanges could get bit lower, which over longer time periods could mean price slightly increasing (if the demand stays the same) |
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Chrismeister
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April 11, 2016, 02:19:05 PM |
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Most likely the bitcoin will be profitable, a lot of speculators are saying this and I also think this is true to be honest.
The halving is just a couple months away from us, and I think the halving can let us all make profit if it has been done.
Speculators will drive the price up once we are closer to the halving. The most people dont think that it will rise in the future because you can see that the value is now also stable so you can see that the value is not rising and keep stable. And that is not that good many people are hoping that the value will rise and that they can make some profit with Bitcoin in the future. |
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gilangIDR
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April 11, 2016, 02:23:26 PM |
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halving not necessarily make bitcoin rising very high. however halving will definitely make bitcoin have a better price. bitcoin supply will be halted and the more people who will be looking for bitcoin.
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ronaldinho_07
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April 11, 2016, 02:53:33 PM |
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Well halving has made impact on the price atleast as i know ,i dont remember when those halvings has started ,but sure they made the price readjust.
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MedaR
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April 11, 2016, 03:18:55 PM |
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Yes, that is correct. The majority is concentrated in China, but can you really ignore the others?
They are not interesting in this consideration, because everybody else have mining price over Chinese highest price, so they won't dump without profitability, under the condition that everything is ok with markets and Panic is in normal levels. You think that they have such a strong influence? What about 'whales' that might dump?
Yes i believe bitcoin is under control of big players and whales, we can also say under control of exchanges..(We talking about bitcoin price only to be clear) That does make sense. Things seem to be a bit calm these days though.
Have sense many whales are in ALTS at this moment, this is their playground, and they will be ready for halving. |
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