BitAurum (OP)
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May 04, 2016, 12:12:55 PM |
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What would happen if the majority cashes out on the block halving? Will bitcoin be able to recover from the crash?
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"You Asked For Change, We Gave You Coins" -- casascius
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Asrael999
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May 04, 2016, 12:42:26 PM |
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why would they?
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BitAurum (OP)
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May 04, 2016, 01:36:22 PM |
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why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out.
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merelcoin
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May 04, 2016, 01:38:12 PM |
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why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out. If everybody decides to cash out, i'm pretty sure the price will plummet, but there'll always be people like me, who would love to buy a lot of coins once the price is really low
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RodeoX
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May 04, 2016, 01:40:53 PM |
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That would not be a problem for bitcoin. It may make a lot of people sad to see the price in such an environment. But bitcoin is a computer program and does not need your money. It would scale down, however there would still be nodes and the system would carry on. It was working fine when the price was $0.50 and would work fine if it was $200.
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~Bitcoin~
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May 04, 2016, 01:42:22 PM |
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why you think majority will do cash out on block halving? Even if bitcoin price touches ATH not all of or majority of bitcoin holder will be selling coins. But i think 1000$ per coin will be real price per coin after halving.
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Xialla
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May 04, 2016, 01:43:35 PM |
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literally nothing.
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Amph
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May 04, 2016, 01:44:50 PM |
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they would lose money, unless you think that the majority i've bought at 200 or whatever cheap price why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out. and destroy their multi millionare farm for nothing? no way it's going lower than 400 anymore
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fearlesscat10
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May 04, 2016, 01:45:06 PM |
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why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out. If everybody decides to cash out, i'm pretty sure the price will plummet, but there'll always be people like me, who would love to buy a lot of coins once the price is really low Well if that does in fact happen, we'll most likely go through the whole process of the price decline again like in 2014. People will say "bitcoin is dead", "you should have sold when you had the chance", and so on. But eventually the market will correct itself and the price will again stabilize before the next halving.
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merelcoin
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May 04, 2016, 01:46:29 PM |
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why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out. If everybody decides to cash out, i'm pretty sure the price will plummet, but there'll always be people like me, who would love to buy a lot of coins once the price is really low Well if that does in fact happen, we'll most likely go through the whole process of the price decline again like in 2014. People will say "bitcoin is dead", "you should have sold when you had the chance", and so on. But eventually the market will correct itself and the price will again stabilize before the next halving. And that's exactly why i would buy a lot of coins if the price would ever plummet... Because i basically believe it would rise again and stabilise in a matter of months/years
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BitAurum (OP)
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May 04, 2016, 01:47:26 PM |
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why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out. If everybody decides to cash out, i'm pretty sure the price will plummet, but there'll always be people like me, who would love to buy a lot of coins once the price is really low Well if that does in fact happen, we'll most likely go through the whole process of the price decline again like in 2014. People will say "bitcoin is dead", "you should have sold when you had the chance", and so on. But eventually the market will correct itself and the price will again stabilize before the next halving. The next halving is after 4 years and 4 years is a pretty long time to wait for bitcoin to stabilize.
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pissedoff
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May 04, 2016, 01:48:40 PM |
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The bitcoin market price needs to increase after the bitcoin block halving because there will be less supply.
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merelcoin
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May 04, 2016, 01:48:47 PM |
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The next halving is after 2 years and 2 years is a pretty long time to wait for bitcoin to stabilize.
Bitcoin halves every 4 years (i think you made a typo) The bitcoin market price needs to increase after the bitcoin block halving because there will be less supply.
Do consider that the ammount of coins mined every day is only a very small fraction of the coins that are already in circulation... Also, the price increase might actually be calculated into the current price (more people might have bought BTC because they tought the price would rise after the halving, pushing the price upwards by their action)
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BitAurum (OP)
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May 04, 2016, 01:51:34 PM |
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The next halving is after 2 years and 2 years is a pretty long time to wait for bitcoin to stabilize.
Bitcoin halves every 4 years (i think you made a typo) Yeah I made a typo(corrected now) but even my typo is a very long time. 4 years is really scary.
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kehtolo
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May 04, 2016, 02:39:43 PM |
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A flash-crash.. maybe a really big one.. but I'd expect there would be market depth and people trying to take advantage of a shake out. So, it would be difficult to predict without being able to see the 'then' market conditions.. But my guess is, there will be a shakeout.. there will be panic.. the weak hands will sell.. the price will rebound from a lower support range almost immediately.. and in a couple of hours it will all be over.
There could possibly be some repeating of the above in the following days, but not as violent as the main shake out event.
Once the weak hands have been shaken out / sold.. we continue to go up. Then the real fireworks can start.
I don't proclaim to be any sort of expert. This is all just based on my opinion, which is only based on being interested in and observing the bitcoin market for the last 3 years more or less.
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The next 24 hours are critical!
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The Sceptical Chymist
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May 04, 2016, 02:46:30 PM |
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why would they?
If the price rises, a lot of people could take a profit. If the price doesn't rise, then all the suckers who bought bitcoin in anticipation of a price rise will sell. In either case it looks like after the halving a lot of coin is going to get dumped. So we'll see.
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Leonius
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May 04, 2016, 02:55:43 PM |
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What would happen if the majority cashes out on the block halving? Will bitcoin be able to recover from the crash?
So the supply has dropped by half and you think the market is going to sell?
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BitHodler
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May 04, 2016, 03:23:40 PM |
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If people indeed sell their coins massively then I am quite sure that the price will recover again.
It will only take a considerable amount of time as building the price up doesn't happen in a matter of weeks.
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BSV is not the real Bcash. Bcash is the real Bcash.
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BitAurum (OP)
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May 04, 2016, 05:24:22 PM |
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If people indeed sell their coins massively then I am quite sure that the price will recover again.
It will only take a considerable amount of time as building the price up doesn't happen in a matter of weeks.
Most of us are pretty sure that the price will rise again even after another crash but how long would that take?
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gentlemand
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May 04, 2016, 05:26:44 PM |
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There's a very limited amount of money on exchanges and it takes an eternity to get money on there depending on what country you're in. That being the case the price flies down the toilet for a bit until it's no longer possible to actually sell on any exchange.
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