nasi (OP)
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April 02, 2016, 08:16:16 PM |
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so seen people saying halving all the time? what is it so when bitcoin halving the price reduce or rise?
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Yakamoto
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April 02, 2016, 08:18:52 PM |
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#1: This should be moved to speculation.
#2: No-one is quite sure yet. The community is divided about what will happen once the halving does occur. Some people say that the price has already been modified to fit the halving, others say that it still has yet to occur.
We will see what happens when the halving officially rolls around, but there is no definitive answer yet.
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nasi (OP)
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April 02, 2016, 08:20:34 PM |
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right... been hearing this word all the time so
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Yakamoto
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April 02, 2016, 08:21:30 PM |
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right... been hearing this word all the time so
Well keep listening, there will be more weight to one of the two arguments closer to the halving. Right now it is all wild speculation, price decrease or increase.
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KenR
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April 02, 2016, 08:23:06 PM |
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By each stage in Halving,mining becomes less profitable.Now that's a known fact,you can withdraw your assumptions basis on that like everybody is doing and convince yourself.Have a good day.
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knowhow
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April 02, 2016, 08:39:10 PM Last edit: April 02, 2016, 09:27:26 PM by knowhow |
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Well the halving is just an adjustment made by Satoshi Nakamoto to reduce the reward per block,currently when people mine a block they will get 25btc as reward,when the halving occur the reward per block will be 50% meaning 12.5 btc,soo a huge speculation is around bitcoin current and posisble value.
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NorrisK
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April 02, 2016, 08:49:09 PM |
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It is very unlikely that the price will drop as a result of the halving. More likely is a gradual increase over the long term due to the reduced inflation rate of bitcoin.
What we will see is a nice pump and dump in the run up to the halving. People will expect the price to rise, causing more buys which will result in a chain reaction of buys. After the hype settles and people realize nothing special happened after halving, price will correct downwards again.
Buying before halving hype is not a bad thing to do imo as it is almost certain to see a nice run atleast.
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Your Point Is Invalid
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April 02, 2016, 08:53:00 PM |
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The halving is simply reducing the amount of money miners get for finding a block, unlike what the person above said, the current reward is 25BTC and after the halving it will be 12.5BTC, No-one knows if the price is going to go up or if mining will be profitable.
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lolgato1
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April 02, 2016, 09:11:53 PM |
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It will probably actually drop in price a little after the halving as people are mass selling hoping to get profit just because of the halving. While it will steadily go up after and continue rising uintil it slows down a bit and become steady at a nice level.
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knowhow
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April 02, 2016, 09:27:02 PM |
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The halving is simply reducing the amount of money miners get for finding a block, unlike what the person above said, the current reward is 25BTC and after the halving it will be 12.5BTC, No-one knows if the price is going to go up or if mining will be profitable.
Well im outdated about the mining reward ,never mined sorry for the wrong information going to edit those.I believe the price is already readjusted 250 to 400 dollars without no reason under it?
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malphite
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April 02, 2016, 09:47:30 PM |
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It just means we are fully almost at the hard coded # of bitcoins in circulation thats all.
So it rewards less until we actually get to the 100% mined mark. We are at 78% last time I checked.
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Alley
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April 03, 2016, 01:21:44 AM |
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We already had one halving 4 hears ago. So just go back and look at the charts.
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cooldgamer
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April 03, 2016, 02:43:27 AM |
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We already had one halving 4 hears ago. So just go back and look at the charts.
It's impossible to compare the state of BTC 4 years ago to that of today. Back then it was still in the cult following phase, whereas now it has broken into the mainstream (and not with the best reputation at the moment.).
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nostal02
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April 03, 2016, 03:09:14 AM |
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We already had one halving 4 hears ago. So just go back and look at the charts.
It's impossible to compare the state of BTC 4 years ago to that of today. Back then it was still in the cult following phase, whereas now it has broken into the mainstream (and not with the best reputation at the moment.). Bitcoin is now getting into mainstream and a lot of people know it now compared from years ago. The price of bitcoin will rise after the halving but it will certainly drop too.
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talks_cheep
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April 03, 2016, 04:29:55 AM |
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Don't be sorry about the halving, price will rise or fall as it has always done for the past 7 years. As someone pointed out previously, we've already had a halving in late 2012, nothing happened in terms of price immediately before the halving, during the halving, and immediately after the halving. 6 months prior to the halving, there was a run up in price, and 6 months after the halving, there was a bubble to 250, of course 12 months after the halving in 2012, we had the great bubble of Nov/Dec 2013. However, that was all in the past. In bitcoinland, the past is NOT a good indication of what's going to happen in the future. The halving this time in July'2016 will bring a wild ride, price will double/triple/quadruple. And then there will be a great fall to 200 or lower. Another great bubble will form. Or not.
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pooya87
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April 03, 2016, 04:31:15 AM |
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We already had one halving 4 hears ago. So just go back and look at the charts.
It's impossible to compare the state of BTC 4 years ago to that of today. Back then it was still in the cult following phase, whereas now it has broken into the mainstream (and not with the best reputation at the moment.). although it wasn't all hype and was also increasing demand the last rise was mostly the mtgox that was fake pumping bitcoin to the moon! but i think still a similar effect can be expected this year too, because there is another big hype brewing for bitcoin rise, that is why everywhere you look there is talk of halving and a big rise.
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avw1982
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April 03, 2016, 04:41:37 AM |
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so seen people saying halving all the time? what is it so when bitcoin halving the price reduce or rise?
Halving is the thing which gonna be half mining according to present mining level. Once halving done Due to supply and demand bitcoins price will raise like skyrocket. This halving will be expecting to fall on coming September mostly. We ll hope for good price in the market for BTC.
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Snorek
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April 03, 2016, 04:45:11 AM |
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We can't be sure what will happen after next halving. But we had halving of Bitcoin and Litecoin in the past. And based on that information we can tell that there was significant price rise after any of that event. In fact, price went down slightly.
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Amph
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April 03, 2016, 07:54:25 AM |
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there is no certainties, only probability and it will probably increase, due to reason connected with the hype the less dumping from miners etc...
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1Referee
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April 03, 2016, 07:58:30 AM |
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People here can only make rough guesses, and that's it. Just because of the lower block rewards people think the price will rise, but it's not that certain as it looks. Chances are very low, but I see the scenario of the price going down hard as being very realistic. That's why I am not that excited at the moment.
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