bitcoin halving almost there... brace yourselves :-)

[davinchi]

Personally, I'm not bothered about price. I see cyrpto as a replacement for fiat sooner or later, so fiat price is unimportant if it's going to be extinct anyway......

Yeah, but the extinction will happen not as soon as many of us wish. ) Maybe in 20 or in 30 years from now, but in the nearest future fiat and crypto will be coexisting.

Maybe. But it's highly unlikely because the government wouldn't be able to control the flow of money within their 'territory' if that happens. Bitcoin may replace fiat if the government is able to manipulate and control the supply. So far, I don't see btc will replace fiat.

[katrimans]

Personally, I'm not bothered about price. I see cyrpto as a replacement for fiat sooner or later, so fiat price is unimportant if it's going to be extinct anyway......

Yeah, but the extinction will happen not as soon as many of us wish. ) Maybe in 20 or in 30 years from now, but in the nearest future fiat and crypto will be coexisting.

Maybe. But it's highly unlikely because the government wouldn't be able to control the flow of money within their 'territory' if that happens. Bitcoin may replace fiat if the government is able to manipulate and control the supply. So far, I don't see btc will replace fiat.

I’m all kind of new to this whole  concept; why does the bitcoin have to half every four years. I mean does the price of gold half after a certain period of time? Someone please explain. I actually want to go into the mining bitcoin business so that I can passively earn some bitcoin while I do some occupation that I’ve always dreamed of doing.

[7788bitcoin]

I’m all kind of new to this whole  concept; why does the bitcoin have to half every four years. I mean does the price of gold half after a certain period of time? Someone please explain. I actually want to go into the mining bitcoin business so that I can passively earn some bitcoin while I do some occupation that I’ve always dreamed of doing.

One of the ideas behind bitcoin is to create a digital asset which goes against inflation- a deflationary model. Limited supply + gradual decrease in supply will eventually make the value to bitcoin to go up- against inflation!

[Enotche]

Many traders expect a sharp jump rate Halving immediately before or immediately after it. Is there a reason for this? Like any anticipated event, it has to be "played out" in advance, and it is possible that the current growth in the number is due to preparations for the reduction of emission of Bitcoin.

[Fantasio]

I’m all kind of new to this whole  concept; why does the bitcoin have to half every four years. I mean does the price of gold half after a certain period of time? Someone please explain. I actually want to go into the mining bitcoin business so that I can passively earn some bitcoin while I do some occupation that I’ve always dreamed of doing.

Don't forget that's just the mining reward which is halving... I've read somewhere that this part is only 8 % of the annual increasing value of BTC.

Concerning mining business, don't expect a good reward if BTC doesn't increase AND MAINTAIN it's value for a long time.
Imagine : what if BTC is reaching 1000 $ in july and 400 $ in september ? Do you think it's wiser to invest in mining stuff and being stuck for a long time ?
Or buy directly BTC and sell IF (and only IF) the price turns back ?   

[neochiny]

I’m all kind of new to this whole  concept; why does the bitcoin have to half every four years. I mean does the price of gold half after a certain period of time? Someone please explain. I actually want to go into the mining bitcoin business so that I can passively earn some bitcoin while I do some occupation that I’ve always dreamed of doing.

One of the ideas behind bitcoin is to create a digital asset which goes against inflation- a deflationary model. Limited supply + gradual decrease in supply will eventually make the value to bitcoin to go up- against inflation!

agreed!!! its quite ingenious that nakamoto thought of this, but i think the side effect of this is the constant
fluctuation of the price. im sure all currency fluctuate but btc`s price fluctuation is quite troublesome specially
to those who wants to invest huge amount. im not very familiar how btc works but this is what i thought why
btc price is constantly fluctuating.

[mki8]

you should be caring about xmas more than the halving date.

If you dont know why, then you need do some research, as it seems the OP has done none.

You may see a bubble or two around the halving date but thats just speculative traders and unless you are actually day trading it is nothing compared to what we need to focus on which is 6 months post halving date.

and it is very likely trading platforms with chop down the leverage (most now only offer 10:1 anyway which is crap)
and the spread will likely become huge, as it has done in the past (i have seen over $20 spread on many occasion)

[btcltccoins]

I’m all kind of new to this whole  concept; why does the bitcoin have to half every four years. I mean does the price of gold half after a certain period of time? Someone please explain. I actually want to go into the mining bitcoin business so that I can passively earn some bitcoin while I do some occupation that I’ve always dreamed of doing.

One of the ideas behind bitcoin is to create a digital asset which goes against inflation- a deflationary model. Limited supply + gradual decrease in supply will eventually make the value to bitcoin to go up- against inflation!

Ah yes, we can only hope for the best that the demand is kept stable or rises. Looking forward to a price increase is what im hoping for; I just hope the mining sector isn’t affect much. and halving is the best part of it

[aso118]

you should be caring about xmas more than the halving date.

If you dont know why, then you need do some research, as it seems the OP has done none.

You may see a bubble or two around the halving date but thats just speculative traders and unless you are actually day trading it is nothing compared to what we need to focus on which is 6 months post halving date.

and it is very likely trading platforms with chop down the leverage (most now only offer 10:1 anyway which is crap)
and the spread will likely become huge, as it has done in the past (i have seen over $20 spread on many occasion)

XMas? Are you talking about when the price surge happened after the last halving?
The past is not a very good indicator of what is going to happen in the future.

[Hirose UK]

In my oppinon it`s better to step out and watch what will happen 
There is too many thoughts and speculation around halving. Keep calm.

besides, prepare your plan B, even plan C until Z because we don't know what will happen after halving.

but that's right. don't think too much about halving because it doesn't think of you LOL. kidding.

[pereira4]

When we crush the 500 resistance in the next hours we will finally prove that the halvening is very real. All the doubters will have to deal with it and get in the winning team before it's too late. I guess some people will never learn and will keep waiting forever for Bitcoin to crash tho.

[pearl11]

Brace yourselves for what? And for me im just prepared about what will happen when halving do its job in the world of bitcoin..  Every now and then when there is halving we are waiting for bitcoin price increased just like what we are seeing today.

[pereira4]

When we crush the 500 resistance in the next hours we will finally prove that the halvening is very real. All the doubters will have to deal with it and get in the winning team before it's too late. I guess some people will never learn and will keep waiting forever for Bitcoin to crash tho.

He he, good to remember that I predicted the 500 resistance being crushed when a lot of people were skeptic and saying that I was delusional to think 500 would be beaten with that ease. Well, guess what, we have beaten 500 resistance, and we have build a very solid floor above 500, the uptrend is very real now, only those that are still in denial stage aren't aware of this by now.