Getting closer to Halving but .. no increase ?

[OmegaStarScream]

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 ?

[unamis76]

No, there isn't a rule saying that the price will increase... And we didn't go through the halving yet.

[BigBoom3599]

We are still a couple months off, I think the price won't rise that much before the halving, even after the halving the price will slowly rise because people will be dumping at a higher price.

[iram1011]

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 ?

I think there is any correlation between price rising or halving block.
Why ? Because there are a lot of external fact that could impress real value of btc....
From exchangers... to users... miners and so on...

[OmegaStarScream]

No, there isn't a rule saying that the price will increase... And we didn't go through the halving yet.

I know there isn't but as I said "logically" when you hear about the halving , you know that the price will increase and you start buying (and more demand = price increase) , this is how I see it .

[--Encrypted--]

No, there isn't a rule saying that the price will increase... And we didn't go through the halving yet.

I know there isn't but as I said "logically" when you hear about the halving , you know that the price will increase and you start buying (and more demand = price increase) , this is how I see it .

logically the price would only increase after the demand increase and/or the supply decrease. an early increase because of not-yet-happened event are speculative.

[mcplums]

Of course the price will be higher as a result of the halving than if there never was going to be one. However it is impossible to know what the price would be right now if there was no halving planned.

Perhaps the price would have been $250 now. I.e.- the price rise has already happened.

Perhaps the price would have been $410 now - in which case the price rise has yet to come.

There is no way to know. Certainly, it is ridiculous to expect a price rise right around the halving. I would actually think a price drop is more likely, as people dump their coins when a hoped for rise doesn't materialise. I believe this happened to oil prices during the start of Gulf War2- everybody expected oil prices to go up, they didn't, people dumped their holdings as a result, then price went down.

[alyssa85]

The old halving coincided with mainstream society discovering BTC - so it is not clear whether it was the halving that increased the price or the discovery.

It's worth noting that when alts halve (eg litecoin, doge) there is not really much of a price movement, despite various people trying to pump them around the halving date.

[doublemore]

No, there isn't a rule saying that the price will increase... And we didn't go through the halving yet.

I reckon there is a rule because the people who get into bitcoin get far too invested.  It is a specialist niche so once you've spent the time to get into it its not so easy to get out.

Another jump is coming who knows when.

[benmartin613]

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 ?

Its normal that you only see this kind of price,the price on the years past was made by a bot called willy at Mt. Gox which was the only exchanger at that time,thats why the prices blow up to 1k,well we wont see that again as there is no bot manipulating the price.

[bakingbad]

well i believe that we will soon start seeing a bigger increase and it will surely allow us to make some money

im holding my bitcoins and i think that everyone else should do that as bitcoin has a lot of potential to grow bigger and bigger

[julian071]

Inflation will drop after the halving (in fact, it will halve), which will mean that the slow price drop that we see now will decelerate. Before the halving, this effect will be priced in by the speculators (as they are the ones making the price).

Bitcoin's marketcap has been fairly constant recently, and at the sane time the technological development of bitcoin has also stagnated. As long as this does not change, I see no reason why prices would go up. For prices to go up you would need a lot of new investment, and for a lot of new investment there has to be optimism about the future of Bitcoin (especially relative to it's many competitors, be it Bitcoin classic or so-called altcoins).

If the value of a single bitcoin does not change much with the halving, the miners will have a big problem paying for the electricity for mining their blocks. Their income will halve too.

[FruitsBasket]

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 ?

Everything can be possible. It also could be possible that we see a price drop because of the halving, no one know. It all depends on the demand and what price people are prepared to pay for a bitcoin. Of course I hope it will rise in value, but I can not do anything about it. All we can do is hope, nothing more then that is possible.

[Meuh6879]

https://bitcointalk.org/index.php?topic=1207909.msg12680596#msg12680596

[FruitsBasket]

If this will happen, then u will not know how happy everyone is going to be. If we are going to see a 1000% increase (x10) that means that a single bitcoin will be worth over 4000$ which is amazing

[pedrog]

My bet is on a price drop, a big drop.

[iram1011]

My bet is on a price drop, a big drop.

why you think this? Like a lot of miners decide to stop investing and chain could "stop" (or produce really slow new blocks?)

[Meuh6879]

Like a lot of miners decide to stop investing

Oooooooooooooooooooh no, they don't ... because they already understand that they can "ask" high price for bitcoins.







the traders FOLLOW the supply, they don't destroy the value.

[abercrombie]

well i believe that we will soon start seeing a bigger increase and it will surely allow us to make some money

im holding my bitcoins and i think that everyone else should do that as bitcoin has a lot of potential to grow bigger and bigger

It is in the miners best interests for the price to rise in order to maintain profitability.

Mathematically, if the demand remains constant with only half output, then the price should rise.

Still early gents, plenty of seats on the train.

[Meuh6879]

If this will happen, then u will not know how happy everyone is going to be. If we are going to see a 1000% increase (x10) that means that a single bitcoin will be worth over 4000$ which is amazing

not always people have understand the volume in the bottom = 50 000 BTC for 3 days of bar and 30 on MACD range.

now, on this days with the same 3 days range : 200 000 BTC and 45 on MACD range.







the only problem ... is the limite of the FULL HIGH (like the 259 USD marker after the rise from 10 USD).

Making money ... can be a good operation.
And that's the main point of the halving for traders ... they can LIFT bitcoin price at the top of the 8000 USD like the gold when a monetary RESET happend.