Getting closer to Halving but .. no increase ?

[FabioDelcatto]

The bad thing of the Bitcoin is that it is really hard to predict what is going to happen with Bitcoin and that is because there are now more people that is greedy and that is really bad.
But they have to know that the value will rise soon because it was also already stable for a long time and that have to change.

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[Koamder]

You do not need to worry any more, the price just rose 20% over the last week. It is a big rise even for bitcoin.

[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

[rekinthis]

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 ?

well price rises now and probably because of halving, lots of people buys because because they want to sell them later after halving, so price rises and fast, 510$ at this moment

and if price wouldn't rise then yes, i think it would be actually strange as this would mean that people shows no interest in bitcoins so this would be very horrible news for bitcoin

[d5000]

Well, now it's really happening, Price is again increasing. In my opinion it's 100% speculation on the halving event, mostly from China.

In last halving event, however, there was only a relatively small price increase in the month the halving occured (November 2012). In the months before halving, price was even going down.

Now it's different, people are already speculating on the event before it occurs. Why?

For me the explanation is: In 2012, Bitcoiners had experienced the short-lived 2011 rally, but were also deeply depressed by the bear market that drove price down to $2 in end-2011. It was not clear that Bitcoin would have the media coverage and success it finally had one year later. So speculation on the halving event was not present.

Now, we have experienced the november 2013 hype and we know how high it can go and how fast "it can happen". People are talking about "halving" everywhere. So, why not buy some BTC to speculate on a price increase? So the prophecy becomes self-fulfilling.

I think price will go a bit higher than now, but maybe not that high as some people think. There is no Willy this year and stronger competition from altcoins with real improvements over BTC.

[thejaytiesto]

Well, now it's really happening, Price is again increasing. In my opinion it's 100% speculation on the halving event, mostly from China.

In last halving event, however, there was only a relatively small price increase in the month the halving occured (November 2012). In the months before halving, price was even going down.

Now it's different, people are already speculating on the event before it occurs. Why?

For me the explanation is: In 2012, Bitcoiners had experienced the short-lived 2011 rally, but were also deeply depressed by the bear market that drove price down to $2 in end-2011. It was not clear that Bitcoin would have the media coverage and success it finally had one year later. So speculation on the halving event was not present.

Now, we have experienced the november 2013 hype and we know how high it can go and how fast "it can happen". People are talking about "halving" everywhere. So, why not buy some BTC to speculate on a price increase? So the prophecy becomes self-fulfilling.

I think price will go a bit higher than now, but maybe not that high as some people think. There is no Willy this year and stronger competition from altcoins with real improvements over BTC.

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. You are delusional if you think otherwise. Look at how all altcoins have gone red when Bitcoin started going up. This is because in the moment of truth, everyone only trusts Bitcoin and wants to be in the winning team, so everyone sells their alts to move to Bitcoin.
No, no altcoin is competition for Bitcoin, stop dreaming.

[richardsNY]

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!!

[martinacar]

Well we got our answer this weekend. Such a high increase as not expected. by no one. If it holds this week then I am confident we can see an even higher increase before the halving.

[BitcoinAshley]

It should bounce around a bit more before the actual halving. This current rise in my opinion is a bunch of people feeling restless about the halving jumping onto a relatively small China wagon which started because of recent china currency shenanigans.

So I'll buy another $200 in a few days or a week when we see <$500 for a brief bit, then the train will resume steady uphill climb to the top of Mt. Bitcoin

 

[1Referee]

It should bounce around a bit more before the actual halving. This current rise in my opinion is a bunch of people feeling restless about the halving jumping onto a relatively small China wagon which started because of recent china currency shenanigans.

So I'll buy another $200 in a few days or a week when we see <$500 for a brief bit, then the train will resume steady uphill climb to the top of Mt. Bitcoin

 

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

[zimmah]

It is both kind of funny and interesting to watch people are impatient about bitcoin price just because halving is coming.

You have to understand some things first:

1. Halving is not an instant price rise switch on/off. It takes time.
2. There are already more than 15 millions of BTC mined, it is not certain if we need more supply to cover demand.
3. Events of the last halving showed that price will take a long time to corre

1. True, look at the last halving, the price started to rise almost immediately after the halving, but the real rally (or bubble) didn't start until 5 months later. Then about half a year after that a second bubble happened, bringing the price up to 100 times what it was before the halving, but it took a year to get there after the halving. The price then dropped a lot, but it never came anywhere close to what it was before the halving.

If the same thing happens this time, than by July 2017 we could be at $50k for a short moment, and then drop back to $30k territory. That would be the effect of the halving.

2. Also true, the future halvings may be less impactful because the amount of bitcoins we have to work with is already pretty close to the total amount we will ever have. However, the inflation rate matters too, and bitcoin will finally get below 5% inflation with the next halving.

3. Yes the price will most likely overshoot a lot due to momentum and FOMO and might take 3 years to stabilize, (just in time for the next wave to form).

[jamesl22]

It should bounce around a bit more before the actual halving. This current rise in my opinion is a bunch of people feeling restless about the halving jumping onto a relatively small China wagon which started because of recent china currency shenanigans.

So I'll buy another $200 in a few days or a week when we see <$500 for a brief bit, then the train will resume steady uphill climb to the top of Mt. Bitcoin

 

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

Yeah that was the best time to buy as price was stuck at same place since long time, I bought at that time and now I am very much satisfied with it.

[QuintLeo]

It should bounce around a bit more before the actual halving. This current rise in my opinion is a bunch of people feeling restless about the halving jumping onto a relatively small China wagon which started because of recent china currency shenanigans.

So I'll buy another $200 in a few days or a week when we see <$500 for a brief bit, then the train will resume steady uphill climb to the top of Mt. Bitcoin

 

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

 I did - but more I was mining and accumulating.

 8-)

[BitcoinAshley]

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

Because (1) I bought as many coins as possible at $12 so I'm not in any rush, and (2) 2 weeks ago I was planning to buy but just got lazy

   

[Koamder]

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

Because (1) I bought as many coins as possible at $12 so I'm not in any rush, and (2) 2 weeks ago I was planning to buy but just got lazy

   

There is no need to rush now. The Etheruem price will be around $10-12 for some months to consolidate.

[safari88]

signs when approaching halving the increase already apparent. but we may have to wait 2-3 weeks ahead, because it will be closer to halving. I expect at least get to see $600

[Ulloa]

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 ?

well price rises now and probably because of halving, lots of people buys because because they want to sell them later after halving, so price rises and fast, 510$ at this moment

and if price wouldn't rise then yes, i think it would be actually strange as this would mean that people shows no interest in bitcoins so this would be very horrible news for bitcoin

Many people are thinking indeed that they have to wait a longer time now until they can sell it with a lot of profit because the value of the Bitcoin was stable for a long time and that is bad.
So it takes now a long time to recover and it will also start to rise soon and that would be nice.

[Searing]

It should bounce around a bit more before the actual halving. This current rise in my opinion is a bunch of people feeling restless about the halving jumping onto a relatively small China wagon which started because of recent china currency shenanigans.

So I'll buy another $200 in a few days or a week when we see <$500 for a brief bit, then the train will resume steady uphill climb to the top of Mt. Bitcoin

 

Why didn't you just buy when the price was sitting between $400-$450 for quite a while? You had enough time to start buying as many coins as possible.

 I did - but more I was mining and accumulating.

 8-)

Yeah....I really like 'stodgy" Litecoin with the BTC pump in price (mining titans) currently 4.53 LTC..go baby go.....(LTC you tramp 'camp follower' you....)

[Ayers]

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

it's already at 550, i think it may touch 800 by the halving come, double of before, each halving will bring double the price, and if you dump between price correction you cna earn a lot

[mark coins]

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

it's already at 550, i think it may touch 800 by the halving come, double of before, each halving will bring double the price, and if you dump between price correction you cna earn a lot

I think holding till the halving can be really good, as we are seeing quick rise in the price of bitcoin so  majority of us expects that price will be at $800 at halving.