zby (OP)
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June 17, 2016, 09:58:38 AM |
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The range for the 'stable period' was something like $200-300 so it has actually more than doubled now.
Some believe that the mining cost should be the support for the price - the current price will be above mining cost after halving. Others believe that there is a constant demand in USD - so if we slush the demand in half - then we need the price to grow twice to meet the demand.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Ayers
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June 17, 2016, 10:03:17 AM |
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still not double, doubling would mean reaching 860 right? 750 is not 860 lol, but for now the halving would be priced in yes, miners have a big margin of profit now, no need to shut down their miners anymore
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BitMaxz
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Block halving is coming.
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June 17, 2016, 10:07:28 AM |
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still not double, doubling would mean reaching 860 right? 750 is not 860 lol, but for now the halving would be priced in yes, miners have a big margin of profit now, no need to shut down their miners anymore
If miners will shutdown it can affect the transaction speed.. i think the price right now from 2015 to 2016 its already reach doubled the value because of block halving coming and i think the price of bitcoin will reach 1k value or more depends in demand and supply.. we can not speculate it the exact price right now because bitcoin still in demand in chinese trading exchange
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zby (OP)
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June 17, 2016, 10:08:41 AM |
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still not double, doubling would mean reaching 860 right? 750 is not 860 lol, but for now the halving would be priced in yes, miners have a big margin of profit now, no need to shut down their miners anymore
2*300 = 600 $300 was the range boundary at the bottom semi stable period.
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randy8777
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June 17, 2016, 10:09:17 AM |
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the block halving is definitely priced in at this point. right now it's purely the hype and speculation effect that is making the price increase quickly. and on top of that, the demand coming from china also adds to the price going higher and higher.
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dothebeats
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June 17, 2016, 10:10:27 AM |
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still not double, doubling would mean reaching 860 right? 750 is not 860 lol, but for now the halving would be priced in yes, miners have a big margin of profit now, no need to shut down their miners anymore
Stable price range was about $280-$300 and it stagnated from there in a couple of months or so. Where were you when those "bitcoin is dying" posts were around the corner just because the price isn't moving for weeks?
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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Snorek
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June 17, 2016, 10:22:59 AM |
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There is nothing like - stable price of BTC IMO. I consider only one benchmark for BTC price and it is the cost of mining. And I believe to sustain mining, a price of BTC would have to be around $450 after the halving. So the real - 'halving powered' movement of price will start after the halving will hit us. I expect it might take even half year after initial reward drop.
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nururochac
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June 17, 2016, 11:44:52 AM |
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There is nothing like - stable price of BTC IMO. I consider only one benchmark for BTC price and it is the cost of mining. And I believe to sustain mining, a price of BTC would have to be around $450 after the halving. So the real - 'halving powered' movement of price will start after the halving will hit us. I expect it might take even half year after initial reward drop.
Stable price means it doesnt soar high nor declined very low for a couple of months and I think thats what Op trying to say. $300-400 is the stable price we see when the year of 2016 entered.
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NeuroticFish
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June 17, 2016, 11:47:17 AM |
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The range for the 'stable period' was something like $200-300 so it has actually more than doubled now.
Some believe that the mining cost should be the support for the price - the current price will be above mining cost after halving. Others believe that there is a constant demand in USD - so if we slush the demand in half - then we need the price to grow twice to meet the demand.
Imho it's a pre-halving pump. A dump may follow in the near future, I don't know it it will be before or only after the halving. The brexit uncertainty may also count in the actual price.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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DarkThrones
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June 17, 2016, 11:49:31 AM |
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This is probably establishing a new support line. We will see higher than this I believe but when people inevitably sell off this will probably be the area for which we return back to and then continue a slow climb after.
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Pab
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June 17, 2016, 12:47:21 PM |
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maybe,but that price rise is not only halving,there is lot of positve news what support btc price rise
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thejaytiesto
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June 17, 2016, 12:57:01 PM |
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We need to go on the 800 area to consider something like that, and even then, the potential to grow is too strong to stay there, I think inertia of the bullish market will push us beyond 1000+ area rather soon.
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nururochac
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June 17, 2016, 02:45:19 PM |
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maybe,but that price rise is not only halving,there is lot of positve news what support btc price rise
The major reasons are halving hype and chinese investors. Thats the only thing I think why bitcoin's price is soaring.
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JeanMcCoy
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June 17, 2016, 03:36:32 PM |
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If halving could have a large impact on the price as most people say it really makes the price increase, maybe I'll buy Bitcoin and just wait a few months and then you can sell it. And buy Bitcoin is very safe, you also do not need to think any way to grow, just waiting and watching the price.
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bitcoinboy12
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June 17, 2016, 04:05:09 PM |
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If halving could have a large impact on the price as most people say it really makes the price increase, maybe I'll buy Bitcoin and just wait a few months and then you can sell it. And buy Bitcoin is very safe, you also do not need to think any way to grow, just waiting and watching the price.
I think it's best to wait for a few more months. I have a feeling that Bitcoin's price will drop a bit. And shoot once more just before the halving sets in. Best thing to do now I have to say is just do nothing. Don't sell, don't buy.
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X7
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June 17, 2016, 04:05:39 PM |
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Hard to guess at this point, unlikely.
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For what shall it profit a man, if he shall gain the world, and lose his own soul?
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Yakamoto
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June 17, 2016, 04:10:26 PM |
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There is next to no way to confirm what the value of Bitcoin should be for the halving unless you are a miner of have close connections with miners already. They can tell you how much they'd need to jack up their selling value in order to cope with the halving, and then you could base your investments around that.
$600-$800 seems like where the price would reside to be stable enough for the miners.
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odolvlobo
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June 17, 2016, 06:36:46 PM Last edit: June 17, 2016, 09:58:25 PM by odolvlobo |
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You can't just look at the price. You must also account for the change in difficulty. The difficulty has risen a lot since when the price was half of what it is now.
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Amph
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June 17, 2016, 06:58:02 PM |
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still not double, doubling would mean reaching 860 right? 750 is not 860 lol, but for now the halving would be priced in yes, miners have a big margin of profit now, no need to shut down their miners anymore
2*300 = 600 $300 was the range boundary at the bottom semi stable period. uh what you are talking about, the price was 430 all the time, before that pump, so the real bottom was 400, not 300 at all, so the real double is 800 at the very least, there is no way that 600 can be considered the double of the previous bottom still not double, doubling would mean reaching 860 right? 750 is not 860 lol, but for now the halving would be priced in yes, miners have a big margin of profit now, no need to shut down their miners anymore
Stable price range was about $280-$300 and it stagnated from there in a couple of months or so. Where were you when those "bitcoin is dying" posts were around the corner just because the price isn't moving for weeks? wrong was 400, 230 was the previous bottom before the pump to 500 and consolidation to 430 maybe you guys are just trolling
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InvoKing
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June 17, 2016, 08:44:58 PM |
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You can't just look at the price. You also account for the difficulty. The difficulty has risen a lot since when the price was half of what it is now.
This is what I would say too, the rise of the price is needed but we should also consider the difficulty I think ±$850-900 at least should be achieved after the halving which I think will happens
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NordicRanger
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June 17, 2016, 09:10:25 PM |
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The halving price was already set in when the price was 450/500 dollar. What we see here is more hands at work, because it must have to do with brexit or the chinese coming in.
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bitebits
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June 17, 2016, 09:25:07 PM |
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If miners will shutdown it can affect the transaction speed..
No, it temporarily increases the time a new block is found till the difficulty automatically gets adjusted to the new situation. In other words, your transactions will still cross the globe at an incredible speed. Bitcoin sure is a thing of beauty, isn't it?
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- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero.
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techgeek
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June 17, 2016, 09:26:25 PM |
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The halving price was already set in when the price was 450/500 dollar. What we see here is more hands at work, because it must have to do with brexit or the chinese coming in.
The market is reacting to multiple things from what I see. You can see the ETH people are now splitting their funds back to bitcoin which adds this scenario. And market watchers like traders who day trading are watching into purchase orders on the chinese exchange which effects the US market as well. You can use the chinese market sort of as a buffer to see how well the US exchange will react.
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pitham1
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June 18, 2016, 02:48:53 AM |
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Yes, the halving has more or less been priced in. We may still see some upside due to momentum, but it might not be wise to bet on immediate gains.
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Sniper44
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June 18, 2016, 02:59:08 AM |
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no halving is not yet priced in, there is still a lot of room to grow.
bitcoin price is still low and can easily go higher than this. this level is going to take a while to become stable and then after that start moving up.
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to the moon with bitcoin...
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Ethey
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June 18, 2016, 03:00:16 AM |
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The double of the price is in my mention just the difficulty and the halving is still incoming
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Bit_Happy
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June 18, 2016, 03:02:33 AM |
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The range for the 'stable period' was something like $200-300 so it has actually more than doubled now.
Some believe that the mining cost should be the support for the price - the current price will be above mining cost after halving. Others believe that there is a constant demand in USD - so if we slush the demand in half - then we need the price to grow twice to meet the demand.
No. We are due for a huge Bullish move, and past efforts went way beyond the previous all-time high. When we get to ~$3,497.76 you should look to sell large amounts of BTC.
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richardsNY
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June 18, 2016, 03:09:25 AM |
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I am sure there is still more room for growth from the current price. My guess is that the price will attempt to touch $1000 in the coming weeks before seeing a massive correction.
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Karpeles
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June 18, 2016, 03:10:09 AM |
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The halving only will be priced after the effect of the fact that blocks give half reward is stabilized, what might take some months or weeks at least.
What may or may not be priced is the expectation about the effects, what is a different thing.
Not counting the hypothesis of an artificial pump created by whales or by the expectation that the price will increase near the halving, so everyone buys and the price indeed increases.
We will only know what is true after everything is settled, good or badly
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Winoc
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June 18, 2016, 04:26:05 AM |
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no halving is not yet priced in, there is still a lot of room to grow.
bitcoin price is still low and can easily go higher than this. this level is going to take a while to become stable and then after that start moving up.
Exactly..Halvening is to be priced in in the mid-July and there will be a lots of ups and downs till then..Afterall, bitcoin is very well known for its ups and downs in the market price..
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lister storm
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June 18, 2016, 05:00:45 AM |
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The double of the price is in my mention just the difficulty and the halving is still incoming yeah, the upcoming halving is affecting the price real hard in my opinion, thats why we see such a huge bitcoin price increase in my opinion, and it is definitely great as it attracts more people the halving did not price in yet in my opinion because the price has a lot of potential to grow even more right now in my opinion, i hope that im right about the price because im holding some bitcoins now
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Herbert2020
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June 18, 2016, 05:30:19 AM |
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this is just slowing down on the way to top, in order to shakeout some of the panic sellers who will just dump their coins in the pockets of the whales who are waiting for them to do this.
so to answer your question i have to say, no it is not yet priced in. there is still time and a lot more up to go.
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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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2double0
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June 19, 2016, 07:06:06 PM |
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Price seems to have quadrupled since we were in talks of halving, as the price was dumped till 200 and was playing there only. We are currently into 800s and heading towards 1000, but I don't know where it will take us in the end, as halving has not taken place yet.
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bit1
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June 19, 2016, 09:20:31 PM |
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What is certain is that it will be more scarce and more difficult to obtain which will affect the price.
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nururochac
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June 21, 2016, 07:30:48 AM |
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The halving price was already set in when the price was 450/500 dollar. What we see here is more hands at work, because it must have to do with brexit or the chinese coming in.
The market is reacting to multiple things from what I see. You can see the ETH people are now splitting their funds back to bitcoin which adds this scenario. And market watchers like traders who day trading are watching into purchase orders on the chinese exchange which effects the US market as well. You can use the chinese market sort of as a buffer to see how well the US exchange will react. The sudden conversion of people from ETH to BTC is because of the DAO hack issue that happened recently. I believe this has nothing to do with halving event.
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Ulloa
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June 21, 2016, 08:06:20 AM |
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As you can see now you see that the price is indeed rising fast now and that is perfect for people who already have Bitcoin and want to sell it soon. But it is not that easy to earn some profit because it is hard to find to moment to sell it.
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