Warrior B (OP)
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April 28, 2016, 02:07:52 AM |
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Been reading a lot of people here in the speculation section. A lot of people on this forum believe there will be more bubble's in the next few years (including myself). My question: What do you think will trigger the next bubble? Heard a lot of theories such as ETF, the 2016 halving, the 2020 halving, a global financial crisis, etc.
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mobnepal
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April 28, 2016, 02:53:10 AM |
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Right now only known trigger for 2016 pump is upcoming halving and you can see this have already shown effect on market. But thinking of what could be another trigger is quite hard to predict as predicting future of anything is not possible including bitcoin market. Its better you collect some more bitcoin before halving if you want to ride this pump wave.
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talks_cheep
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April 28, 2016, 03:10:29 AM |
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Halving will have no effect on the btc price. The recent rise to 450 has been a long time coming, since February'2016 when price stabilized at around 425-430. We will see 500 in May and 600 in June, if we're lucky. Immediately after the halving in July'2016, the price will plummet to the current level, at 450 where it will stay until the end of the year. If everything goes to plan, the evil twin's ETF will open in late November, early December and will trigger a bubble to 900-1000.
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MingLee
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April 28, 2016, 03:13:35 AM |
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Halving will have no effect on the btc price. The recent rise to 450 has been a long time coming, since February'2016 when price stabilized at around 425-430. We will see 500 in May and 600 in June, if we're lucky. Immediately after the halving in July'2016, the price will plummet to the current level, at 450 where it will stay until the end of the year. If everything goes to plan, the evil twin's ETF will open in late November, early December and will trigger a bubble to 900-1000.
I'll believe this analysis for now, but I think that you're thinking they will be too much of a dumb after the halving. I think people are going to wait a day or two before dumping, and that's when we'll see the low values.
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Warrior B (OP)
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April 28, 2016, 11:41:04 AM |
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Halving will have no effect on the btc price. The recent rise to 450 has been a long time coming, since February'2016 when price stabilized at around 425-430. We will see 500 in May and 600 in June, if we're lucky. Immediately after the halving in July'2016, the price will plummet to the current level, at 450 where it will stay until the end of the year. If everything goes to plan, the evil twin's ETF will open in late November, early December and will trigger a bubble to 900-1000.
When I refer to bubble, I mean passing the current ATH, not just little swings to 500/600
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Elwar
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Viva Ut Vivas
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April 28, 2016, 11:46:41 AM |
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Winklevoss ETF combined with the halving would be huge.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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n0ne
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April 28, 2016, 01:21:53 PM |
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This year's bubble is expected to happen of the halving. Also recent days showed a bubble just of the bitcoin nature. Such rise is also expected by the days closer to halving.
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Ahab_Hunter_of_BearWhale
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April 28, 2016, 01:56:49 PM |
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Very hard to predict when it will commence. Likely we'll see 2-4k at least by the end of this year. Could happen before or after halving. Might even take a few months after the halving. The world is becoming rather unstable, with China in a recession, Brazil having economic and political issues, India not being banked and the US due for a sever recession - Safe havens like btc will thrive.
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Amph
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April 28, 2016, 02:05:31 PM |
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i thinkt he first bubble was triggered by willi bot but only because that moment was propitious
there was doge who brought many newbie in the scene, and willi bot took this as advantage to pump
i think the new one will happen at random instead
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pereira4
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April 28, 2016, 02:05:40 PM |
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1) Bitcoin Core fixes all the problems with segregated witness, lightning network, sidechains, schnorr signatures, confidential transactions, coinjoin... list goes on forever.
2) People in the game see that they are the best, consensus is reached again and Classic and all that FUDster crap goes to hell: consensus to continue Core Roadmap reached.
3) Halving.
4) Governments banning cash and agressive interest rates against people's holdings
Thats how you get rich by holding 20 BTC or more. Just wait for things to unfold and enjoy, it's that easy.
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dquancey
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April 28, 2016, 02:06:58 PM |
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Very hard to predict when it will commence. Likely we'll see 2-4k at least by the end of this year. Could happen before or after halving. Might even take a few months after the halving. The world is becoming rather unstable, with China in a recession, Brazil having economic and political issues, India not being banked and the US due for a sever recession - Safe havens like btc will thrive.
$2-4k? Dream on. Everyone is expecting this, because everyone obviously wants their BTC to grown in monetary value, but it's like not push above the ATH this year.
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Herbert2020
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April 28, 2016, 02:09:04 PM |
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i think one of the biggest triggers for the next bubble is the halving and the hype it brings with itself. everywhere you look, you can see people talking about it on different topics.
but also i believe that block size coming to a conclusion can also have a big effect on the price and cause it to start shooting to the moon.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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Denker
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April 28, 2016, 03:13:14 PM |
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Winklevoss ETF combined with the halving would be huge.
Are there any news about the ETF? For how many years it is in the pipeline now? Round about 3 years I believe right. To me it feels like this thing never will get the approval.
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naidray
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April 28, 2016, 04:14:25 PM |
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Halving will have no effect on the btc price. The recent rise to 450 has been a long time coming, since February'2016 when price stabilized at around 425-430. We will see 500 in May and 600 in June, if we're lucky. Immediately after the halving in July'2016, the price will plummet to the current level, at 450 where it will stay until the end of the year. If everything goes to plan, the evil twin's ETF will open in late November, early December and will trigger a bubble to 900-1000.
When I refer to bubble, I mean passing the current ATH, not just little swings to 500/600 By ATH, do you mean the $1250 set during the last months of 2013? There are many possible theories that may trigger the bubble to pass over the current all time high. But theories will be theories because it is unpredictable what may happen in the days to come. Possibly the integration of bitcoins to many platforms. Who knows, really?
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sase007
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April 28, 2016, 04:18:31 PM |
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Wider adoption of Bitcoin will create the next bubble. There are always people considering the use of Bitcoin, we just have toget them to continue. A bubble could also be cause dby the fact that there are fewer ways that the system of Bitcoin can be manipulated, making it more secure for users.
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Warrior B (OP)
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April 28, 2016, 04:56:06 PM |
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Halving will have no effect on the btc price. The recent rise to 450 has been a long time coming, since February'2016 when price stabilized at around 425-430. We will see 500 in May and 600 in June, if we're lucky. Immediately after the halving in July'2016, the price will plummet to the current level, at 450 where it will stay until the end of the year. If everything goes to plan, the evil twin's ETF will open in late November, early December and will trigger a bubble to 900-1000.
When I refer to bubble, I mean passing the current ATH, not just little swings to 500/600 By ATH, do you mean the $1250 set during the last months of 2013? There are many possible theories that may trigger the bubble to pass over the current all time high. But theories will be theories because it is unpredictable what may happen in the days to come. Possibly the integration of bitcoins to many platforms. Who knows, really? By ATH yes I mean the $1250 set in late 2013. I believe that once the price reaches that level price will continue climbing in a very violent matter generating a new bubble. And BTW, this is the speculation section
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doublemore
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April 28, 2016, 05:22:43 PM |
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Been reading a lot of people here in the speculation section. A lot of people on this forum believe there will be more bubble's in the next few years (including myself). My question: What do you think will trigger the next bubble? Heard a lot of theories such as ETF, the 2016 halving, the 2020 halving, a global financial crisis, etc. When the price wants to go up it either takes no news or little news, im not sure its fair to say anything will be a trigger. Pretty sure there is some big news already waiting to be told (this is what usually happens) and "they" hold it back to create those big spike tops.
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MingLee
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April 28, 2016, 05:26:34 PM |
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Been reading a lot of people here in the speculation section. A lot of people on this forum believe there will be more bubble's in the next few years (including myself). My question: What do you think will trigger the next bubble? Heard a lot of theories such as ETF, the 2016 halving, the 2020 halving, a global financial crisis, etc. When the price wants to go up it either takes no news or little news, im not sure its fair to say anything will be a trigger. Pretty sure there is some big news already waiting to be told (this is what usually happens) and "they" hold it back to create those big spike tops. More often than not, the price swings are triggered by someone wanting to make money or short on Bitcoin, or someone saying something negative about bitcoin on the news. The halving is likely going to be the trigger for the next bubble, so we're just going to have to wait and see what happens to the value until then.
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maokoto
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April 28, 2016, 05:26:59 PM |
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I think that an agreement about the blocksize will greatly make the price raise, appart from the halving that is very likely to produce a raise too.
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Warrior B (OP)
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April 28, 2016, 05:42:04 PM |
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Been reading a lot of people here in the speculation section. A lot of people on this forum believe there will be more bubble's in the next few years (including myself). My question: What do you think will trigger the next bubble? Heard a lot of theories such as ETF, the 2016 halving, the 2020 halving, a global financial crisis, etc. When the price wants to go up it either takes no news or little news, im not sure its fair to say anything will be a trigger. Pretty sure there is some big news already waiting to be told (this is what usually happens) and "they" hold it back to create those big spike tops. I need to ask, who is "they" for you?
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richardsNY
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April 28, 2016, 06:09:29 PM |
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Winklevoss ETF combined with the halving would be huge.
I don't think people here have much faith in anything coming from these brothers anymore. They can talk themselves up without any problems, but when it comes to real action we can wait as much as we want, but nothing will happen. And when something is happening then it most likely is already too late to have an impact.
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naidray
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May 01, 2016, 07:28:56 AM |
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The halving will have a good effect on its price as was in the year of 2013 and as is in this year that the price continued to rise much faster and so in that way the bitcoin price will not drop and will be a global currency in the future.
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prtty2gal2
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May 01, 2016, 08:12:07 PM |
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The halving will have a good effect on its price as was in the year of 2013 and as is in this year that the price continued to rise much faster and so in that way the bitcoin price will not drop and will be a global currency in the future.
There are a number of factor behind the bubbles in the price of bitcoin. One of them is the halving, I don’t think that halving would brought any price increase in the bitcoin if the news “halving will have good effect on price” was not published , as this speculation was enough that people started to believe on it.
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BitHodler
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May 01, 2016, 08:27:27 PM |
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Winklevoss ETF combined with the halving would be huge.
I don't think people here have much faith in anything coming from these brothers anymore. They can talk themselves up without any problems, but when it comes to real action we can wait as much as we want, but nothing will happen. And when something is happening then it most likely is already too late to have an impact. I can agree that gemini wasn't really the success they were hoping for but that doesn't mean this ETF will end up going the same way. Let's give it some time.
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BSV is not the real Bcash. Bcash is the real Bcash.
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Hugroll
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May 01, 2016, 08:51:19 PM |
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the closest one for sure is going to be the 2016 halfing in my opinion. supply is halfed so it makes perfect sense that the price of the coin would increase. i think that the rise due to halfing is gonna take bitcoin upto around 750 bucks.
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1Referee
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May 01, 2016, 09:40:32 PM |
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The halving will have a good effect on its price as was in the year of 2013 and as is in this year that the price continued to rise much faster and so in that way the bitcoin price will not drop and will be a global currency in the future.
There are a number of factor behind the bubbles in the price of bitcoin. One of them is the halving, I don’t think that halving would brought any price increase in the bitcoin if the news “halving will have good effect on price” was not published , as this speculation was enough that people started to believe on it. You can't always name the block halving as being the reason for a bubble to pop up. After the upcoming block halving we'll need to wait 4 years before the next halving comes around the corner. And in that 4 years Bitcoin will need to go up by legit demand as nothing else beside reaching concensus towards the block size drama will be left to hold on to.
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actmyname
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Spear the bees
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May 01, 2016, 09:55:10 PM |
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Halving will have no effect on the btc price. The recent rise to 450 has been a long time coming, since February'2016 when price stabilized at around 425-430. We will see 500 in May and 600 in June, if we're lucky. Immediately after the halving in July'2016, the price will plummet to the current level, at 450 where it will stay until the end of the year. If everything goes to plan, the evil twin's ETF will open in late November, early December and will trigger a bubble to 900-1000.
When I refer to bubble, I mean passing the current ATH, not just little swings to 500/600 Maybe some billionaire decides they want to invest several million dollars into bitcoin and sends out scores of buy orders? That could be one way that the price would shoot up There's a lot of possibilities... It just depends on the news that affects bitcoin. If for some reason large companies decide to start accepting bitcoin, then that could also make the price reach extremely high levels. Large amounts of adoption would definitely be something that could make the price shoot up past the ATH. But then you would see a lot of dumping. If the demand surpassed the amount of people who wished to dump, then we definitely marvel.
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odolvlobo
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May 01, 2016, 11:51:59 PM |
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I believe that the hype about the halving will cause the next Bitcoin bubble, just like the Litecoin halving hype caused its bubble last year. I think the Bitcoin halving bubble will less severe than the Litecoin halving bubble because Litecoin is nearly all about speculation and Bitcoin is much less so.
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Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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chesthing
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May 01, 2016, 11:56:23 PM |
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Bitcoin price has already doubled the average last year's price, which is a good argument the halving is priced in RIGHT NOW.
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bitcoin carpenter
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May 02, 2016, 12:00:37 AM |
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I believe that the hype about the halving will cause the next Bitcoin bubble, just like the Litecoin halving hype caused its bubble last year. I think the Bitcoin halving bubble will less severe than the Litecoin halving bubble because Litecoin is nearly all about speculation and Bitcoin is much less so.
What garbage.... BTC bubbles are always bigger, LTC bubble was a controlled pump and dump.
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If your not actively using the technology behind your crypto investment,
IT IS A SCAM!!!!
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chesthing
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May 02, 2016, 12:05:46 AM |
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I believe that the hype about the halving will cause the next Bitcoin bubble, just like the Litecoin halving hype caused its bubble last year. I think the Bitcoin halving bubble will less severe than the Litecoin halving bubble because Litecoin is nearly all about speculation and Bitcoin is much less so.
What garbage.... BTC bubbles are always bigger, LTC bubble was a controlled pump and dump. Yeah, like the last bitcoin bubble TWO AND A HALF YEARS AGO wasn't a controlled pump and dump. Fuckin stupid comment.
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bitcoin carpenter
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May 02, 2016, 12:10:02 AM |
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Didnt realize you were such a defender of litecoin chesthing
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If your not actively using the technology behind your crypto investment,
IT IS A SCAM!!!!
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chesthing
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May 02, 2016, 12:24:09 AM |
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Didnt realize you were such a defender of litecoin chesthing
I'm a defender of the truth.
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mskryxz
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May 02, 2016, 02:57:54 AM |
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Maybe Venezuela?
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STT
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Leading Crypto Sports Betting & Casino Platform
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May 02, 2016, 04:44:15 AM |
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Are there any news about the ETF? For how many years it is in the pipeline now? Round about 3 years I believe right. To me it feels like this thing never will get the approval.
I thought it was active or I heard it was approved but maybe not. I dont think an ETF moves things, though people say the GLD moved the gold price but its not supposed to be this way exactly. Its possible wallstreet takes an interest in bitcoin via the ETF but I doubt it as its a currency not share of equity exactly. A game changer would be a major bitcoin company moving into venture capital land possibly, a side show to us but thats more broker territory then trying to arbitrage forex exactly afaik. Trigger the next bubble is same deal as its been all along which is FED policy and loose montary policy, same deal that led upto 2008. You can bet it'll produce bubbles till it ends itself, I dont know that bitcoin will capture it exactly maybe facilitate movements in capital but I doubt exclusively as bitcoin is just part of a conduit to other things, other parts of the world like happens in fixed currency countries like venezuela.
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btcxyzzz
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May 02, 2016, 05:44:19 AM |
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Nothing. Blockstream killed Bitcoin. Things must change radically for another bubble. In the meantime, watchout for Ethereum and Monero bubble.
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orryde
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May 02, 2016, 05:44:57 AM |
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pumpers will trigger it obviously. and we are in it now. are you ready for 5000 dollar bitcoins because i am.
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darewaller
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May 02, 2016, 09:20:01 AM |
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Right now only known trigger for 2016 pump is upcoming halving and you can see this have already shown effect on market. But thinking of what could be another trigger is quite hard to predict as predicting future of anything is not possible including bitcoin market. Its better you collect some more bitcoin before halving if you want to ride this pump wave.
Yes, the upcoming halving is going to give more strength to the bitcoin and with that and with the speculations around it the price increased much faster as with the speculation for future prediction people started to beliee on bitcoin.
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harizen
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May 02, 2016, 09:30:53 AM |
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Been reading a lot of people here in the speculation section. A lot of people on this forum believe there will be more bubble's in the next few years (including myself). My question: What do you think will trigger the next bubble? Heard a lot of theories such as ETF, the 2016 halving, the 2020 halving, a global financial crisis, etc. Speculations of high price due to upcoming halving is the only reason I see today that can trigger our journey to next bubble. When it will happen? I don't know nor anyone else. So it's better to keep up with the latest trend so we can ride those mini bubble scene in price.
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apriyoni
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May 09, 2016, 08:22:12 AM |
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When the SegWit is implemented in the Bitcoin Core and released to increase the block size, the price will rise a lot.
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Warrior B (OP)
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June 03, 2016, 11:10:26 PM |
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So it seems the halving might be the trigger if this starts accelerating...
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DodoB
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June 04, 2016, 12:08:40 AM |
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Been reading a lot of people here in the speculation section. A lot of people on this forum believe there will be more bubble's in the next few years (including myself). My question: What do you think will trigger the next bubble? Heard a lot of theories such as ETF, the 2016 halving, the 2020 halving, a global financial crisis, etc. The halving could lead to BitCoin exploding in price or it could do nothing,nobody knows. i also think Euro/Usd price becoming weaker will contribute to BitCoins rise.
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ajareselde
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Satoshi is rolling in his grave. #bitcoin
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June 04, 2016, 12:15:27 AM |
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So it seems the halving might be the trigger if this starts accelerating... Halving is helping for sure, but for the most part, people just needed an excuse to buy more, push the price higher.. I have seen a lot of times through the years price moving alot for no reason.. atleast that we knew of.
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Biodom
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June 04, 2016, 12:44:45 AM |
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At some point wall street will realize that bitcoin is a new asset class. A minimal value of an asset class is in trillions, like $7-8 tril for gold, much more for stocks, bonds and real estate. Once this realization occurs, they will also realize that about 16 mil (out of 21 mil) bitcoins are already issued/mined, so the options are just two: try to mine the rest OR try to wrestle the existing btc from the current owners. Naturally, the latter can only occur when the current owners sell out, which could only be achieved by the rising price and/or volatility. Both rising price and tremendous volatility would ensue, in my opinion.
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apriyoni
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June 06, 2016, 11:08:18 AM |
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So it seems the halving might be the trigger if this starts accelerating... Halving is helping for sure, but for the most part, people just needed an excuse to buy more, push the price higher.. I have seen a lot of times through the years price moving alot for no reason.. atleast that we knew of. The halving will not make the bitcoin price fly very high. The general usage of the bitcoin will make it useful, and price high.
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Warrior B (OP)
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July 19, 2016, 07:19:52 PM |
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I thought we would have a bubble by now (generated by the halving), guess I was wrong.
I now believe that the only way we can have a new bubble is through a new Macroeconomic event that makes Bitcoin very useful. Also, I think we have to solve some scaling issues in order to be used by the general public.
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1Referee
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July 19, 2016, 08:12:35 PM |
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I thought we would have a bubble by now (generated by the halving), guess I was wrong.
I now believe that the only way we can have a new bubble is through a new Macroeconomic event that makes Bitcoin very useful. Also, I think we have to solve some scaling issues in order to be used by the general public.
The price kept increasing all the way to nearly $800 in quite a short time due to the block halving last month. Wasn't that enough? And just out of interest, what kind of bubble were you expecting, and how high was your target price? The block halving is just a simple happening where the rewards fall down with 50% and that's it. In a matter of months the price nearly doubled in value, so everything went fine. Lower block rewards are nearly fully compensated with a higher price.
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helloeverybody
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July 19, 2016, 08:24:35 PM |
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At some point wall street will realize that bitcoin is a new asset class. A minimal value of an asset class is in trillions, like $7-8 tril for gold, much more for stocks, bonds and real estate. Once this realization occurs, they will also realize that about 16 mil (out of 21 mil) bitcoins are already issued/mined, so the options are just two: try to mine the rest OR try to wrestle the existing btc from the current owners. Naturally, the latter can only occur when the current owners sell out, which could only be achieved by the rising price and/or volatility. Both rising price and tremendous volatility would ensue, in my opinion.
This is what i can see as quite possibly happening, im actually surprised it hadn't happened yet. Once we get a price rise that might change though as media outlets around the world start delivering positive news about bitcoin and wall Street starts taking it seriously.
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STT
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July 19, 2016, 09:38:31 PM |
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A unique asset class ? Im not sure as we already have digital currency, there is quite a few operating with no need for coins or notes anymore but we continue that as an old legacy for the comfort of some. Just like some want to have an actual bitcoin in their pocket.
Is cryptographic currency superior to national centrally controlled currency, if we could somehow see that clear advantage then I will start to agree what we have here now is a new asset class
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vero
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July 19, 2016, 09:57:23 PM |
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I think The trigger of the next bubble is when a big companies would accept bitcoin like google,facebook,etc. it will make the price rise fast, than we can imagine because the demand of bitcoin would increase just in a while.
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mrhelpful
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July 19, 2016, 11:21:04 PM |
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Been reading a lot of people here in the speculation section. A lot of people on this forum believe there will be more bubble's in the next few years (including myself). My question: What do you think will trigger the next bubble? Heard a lot of theories such as ETF, the 2016 halving, the 2020 halving, a global financial crisis, etc. The halving could lead to BitCoin exploding in price or it could do nothing,nobody knows. i also think Euro/Usd price becoming weaker will contribute to BitCoins rise. Its not just the halving, which adds on top of the worlds stress of their financial system. But its whats been going on lately. You got also things thats under way with bitcoins etf as well - with the twins approach on being on another exchange BATS. And other things thats coming towards bitcoin becoming more able to grow for non-traditional users who dont have to bother with the education.
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outatime1
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July 19, 2016, 11:38:19 PM |
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We could be in a bubble with the recent increases in price before the halving but it's hard to tell. I would be suspicious of any big increase in price because it could be someone manipulating the price to cash in or it could be just a temporary bump in price because of some good news.
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The Sceptical Chymist
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July 19, 2016, 11:53:59 PM |
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Winklevoss ETF combined with the halving would be huge.
Well, we got a nice pop up from $420--I have no clue if that was due to those factors or not. I assume the halving had something to do with it, or at least speculation about the halving. Hopefully we can stay at this level for a while. Would also be nice if we could blow past $1000.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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KonceptCars
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July 20, 2016, 01:14:41 AM |
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I think The trigger of the next bubble is when a big companies would accept bitcoin like google,facebook,etc. it will make the price rise fast, than we can imagine because the demand of bitcoin would increase just in a while.
Exactly. Yelp is doing a good job of identifying businesses that accept bitcoin. If there was a bigger company that adopted, then pricing would increase significantly. Winklevoss ETF combined with the halving would be huge.
Well, we got a nice pop up from $420--I have no clue if that was due to those factors or not. I assume the halving had something to do with it, or at least speculation about the halving. Hopefully we can stay at this level for a while. Would also be nice if we could blow past $1000. Settling at $1000 for the next 12 to 18 months would be great.
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Warrior B (OP)
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July 20, 2016, 12:26:04 PM |
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At some point wall street will realize that bitcoin is a new asset class. A minimal value of an asset class is in trillions, like $7-8 tril for gold, much more for stocks, bonds and real estate. Once this realization occurs, they will also realize that about 16 mil (out of 21 mil) bitcoins are already issued/mined, so the options are just two: try to mine the rest OR try to wrestle the existing btc from the current owners. Naturally, the latter can only occur when the current owners sell out, which could only be achieved by the rising price and/or volatility. Both rising price and tremendous volatility would ensue, in my opinion.
This is what i can see as quite possibly happening, im actually surprised it hadn't happened yet. Once we get a price rise that might change though as media outlets around the world start delivering positive news about bitcoin and wall Street starts taking it seriously. This would be great, however I see this happening somewhere in about 2 to 20 years
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Warrior B (OP)
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July 20, 2016, 11:25:00 PM |
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I thought we would have a bubble by now (generated by the halving), guess I was wrong.
I now believe that the only way we can have a new bubble is through a new Macroeconomic event that makes Bitcoin very useful. Also, I think we have to solve some scaling issues in order to be used by the general public.
The price kept increasing all the way to nearly $800 in quite a short time due to the block halving last month. Wasn't that enough? And just out of interest, what kind of bubble were you expecting, and how high was your target price? The block halving is just a simple happening where the rewards fall down with 50% and that's it. In a matter of months the price nearly doubled in value, so everything went fine. Lower block rewards are nearly fully compensated with a higher price. I would consider a "bubble" only if we pass ATH significantly. I don't have a target price, I'm here for the long run, even if we pass ATH I would probably HODL for some more years.
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