Getting closer to Halving but .. no increase ?

[rektDude]

The price of Bitcoin was indeed stable for a long time and that have to change because there are still a lot of people that is waiting for a higher value and that is bad.
Because they also see now that the value of the Bitcoin is not even that high and that have to change soon.

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[dinda22]

halving still about one month more, but it seems today prices are rising fast enough. I believe this is the effect of halving, and could not imagine when later approached halving prices could increase about $550-600

All things that are happening right now with the price are all due to the upcoming block halving. A few minutes ago I wrote a post telling that the price touched $557 on Bitfinex but it now touched $570!!

lol I do not see Bitfinex touch $570, I see the highest always huobi and other Chinese market. currently on bitfinex $537 and huobi still the highest $566

[Etaren]

just have patience and all will be good. i think the real action will start 1 month or maybe 2 weeks before the block halving gets completed. we can't do anything other than waiting for the big boys to start pumping the price. i am sure all will come from china.

is that really if price will go up when halving come? some people who hold their bitcoin must be want to dump their coins, but who will gonna buy if more people want to sell ?

well, the price is expected to go up while we are coming closer and closer to the block halving. people that have been buying their coins at current prices and when it was sub $400 will most likely secure profits just before or just after the halving. people who are willing to enter the market at that time will put up buy orders at various price levels. and these people end up buying the coins that people are selling.

As you can see now you see that the halving will be not that good for us and that is because the value is not rising now and that is quite bad for the most people who already is using Bitcoin so please have patience. There is a higher chance that you have to wait a longer time until the value will be more and that we can make some profit with it.

[Dekker3D]

BTC is still at $540 though so it is a good price. Just wondering if the price will slide because the whales could be just baiting us to buy then they'll sell. Once the price dips again, they will buy again.

[apriyoni]

BTC is still at $540 though so it is a good price. Just wondering if the price will slide because the whales could be just baiting us to buy then they'll sell. Once the price dips again, they will buy again.

There is such a possibility. But in the long run, the bitcoin price will rise. As long as you do not sell, it is fine.

[GermanFoobla]

Is it normal ? I wasn't here when the old halving block rewards happened before so I'm not sure how things work exactly but logically ... should we see a price increase (at least little bit) since we are getting closer and closer ?

Yeah it is logic for the price is increase before the halving is going to star because that keeps the price somewhat in balance. If there is no price rise then the halving is going to bring the price so low again.

[d5000]

The reason Bitcoin is going up is due china being aware on Bitcoin in 2016, knowing that it's the best option to move capital out from their increasingly oppressive country + the fundamentals of Bitcoin looking better than ever due the technical improvements like segwit and sidechains really soon + altcoins proving that they are not real competition to Bitcoin.

Yea, the first theory (China) seems to have various supporters. I still think the speculation on the Halving event has a stronger effect on the actual price increase.

Your second statement is right. Bitcoin is coming out of a little "depression" because of the XT/Core/Classic flamewar. That helps the price to increase, and that's also the reason why I think that we'll never see $300 again (at least in the next years).

But I don't agree at all with your third statement. I'm not an Ethereum supporter (nor do I have some), but from 2013 on, there was never an altcoin that had more than 10% of Bitcoin's market cap (MAYBE Litecoin for a few hours on November 28, 2013) until the actual Ethereum hype. Even if that may be a temporary bubble, it's easy to see on CMC that altcoins' importance is growing.

However, Bitcoin will continue to lead the field at least one, two years more. Then I cannot guarantee for nothing