harizen
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July 19, 2016, 05:10:54 PM |
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The speculation about the halving is over and the people who got in to make a profit from it will leave sooner or later since the halving really had no effect on the price.
Literally price jump prior to halving isn't because of the halving speculation. People just think of it as halving speculation since the event is coming. Because of this, the true reason isn't much that present to other and they didn't know much that it was all started because of attempted rally created by those big whales. And you just think that there is no price rise since you are starting to take all the movements "after halving". But take a look how t I also expect to see the smaller bitcoin mining farms to close because of the lesser reward and unprofitability. This may bring bitcoin's price to a stand still or go slightly down.
If more farms will be close then the production will be minimized. And because it will slow down, it will take the bitcoin price for an increase due to demands.
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trickshot22
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July 19, 2016, 07:17:45 PM |
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Price of bitcoin is quite stable for a long time around $650, now few days back minor increase has happened, which took price around $680. Possibly expect to reach $700 soon.
I think we are now expecting slow movement of the price because of block halving.. but if bitcoin will be in demand this follow weeks or months the price of bitcoin will increase more .. Yeah we may see higher price in coming months as price is rising slowly at a moment so I have a feeling that we can expect the same in next couple of months. yeah, i think the price growth will keep on going from now on, if you checked the last prices after the first halving you would see that the bigger growth came after some time
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mrhelpful
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July 19, 2016, 10:16:19 PM |
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Price of bitcoin is quite stable for a long time around $650, now few days back minor increase has happened, which took price around $680. Possibly expect to reach $700 soon.
I think we are now expecting slow movement of the price because of block halving.. but if bitcoin will be in demand this follow weeks or months the price of bitcoin will increase more .. Yeah we may see higher price in coming months as price is rising slowly at a moment so I have a feeling that we can expect the same in next couple of months. yeah, i think the price growth will keep on going from now on, if you checked the last prices after the first halving you would see that the bigger growth came after some time It`ll grow because of its function. It serves as a organic money transmitter - when we know and see countries that go into free fall like the british exiting the eu and other harsh periods. That alone should be more reasons why - since it brings the people to have an option.
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torrentheaven
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July 19, 2016, 10:19:19 PM |
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Price of bitcoin is quite stable for a long time around $650, now few days back minor increase has happened, which took price around $680. Possibly expect to reach $700 soon.
I think we are now expecting slow movement of the price because of block halving.. but if bitcoin will be in demand this follow weeks or months the price of bitcoin will increase more .. Yeah we may see higher price in coming months as price is rising slowly at a moment so I have a feeling that we can expect the same in next couple of months. yeah, i think the price growth will keep on going from now on, if you checked the last prices after the first halving you would see that the bigger growth came after some time Price gonna be above our expectations in coming months and that is the reason I am holding my coins for higher price to earn higher profits from it.
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Haruderty
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July 20, 2016, 10:52:08 AM |
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The bitcoin price will rise between 20 to 100% every year in the next 10 to 20 years if more people use it.
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lllDMDlll (OP)
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July 21, 2016, 01:33:40 AM |
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So maybe $1200 was a little too much to expect in such a short period of time after the halving, but I am still confident Bitcoin will hit that price in the next couple of months. The reason I picked a high price was because I thought the chain reaction would happen quicker than it is happening as a result of the halving, but this delay may be a blessing. Since the price is stagnant right now, miners are hurting and are most likely closing their operations or stalling until they are able to get a higher dollar for their coin. Like some of you said, the supply and demand effect will kick in and trigger buying and a small price spike since less coin is available (minor panic buying). Also, the block difficulty will fall when miners quit mining (can be seen after last halving) which could create some turmoil among the mining community. Basically, it'll turn into survival of the fittest and whoever is able to hold out the longest will take advantage of the low block difficulty and generate all the coin. A cryptopoly if you will (excuse my terrible jokes). There's more to this theory such as Britain, Turkey, and Trump running for president, but I'll leave it at this so as not to clog up my thread any more than is needed. In other words, I stand by my prediction. I just made it too soon. There will be a significant price increase. Expect it. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Wind_FURY
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July 21, 2016, 03:17:27 AM |
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I speculate bitcoin is ready to go down soon. This is a good time to take a short position in bitcoin because the people who bought at this price level thinking the halving will make it rise over $1000 will begin to slowly realize that it won't happen this year. The price has to go down for now and it is healthy. The price went up too fast and it isn't maintainable to stay in this current price level.
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escrowboy
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July 21, 2016, 07:25:13 AM |
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So maybe $1200 was a little too much to expect in such a short period of time after the halving, but I am still confident Bitcoin will hit that price in the next couple of months. The reason I picked a high price was because I thought the chain reaction would happen quicker than it is happening as a result of the halving, but this delay may be a blessing. Since the price is stagnant right now, miners are hurting and are most likely closing their operations or stalling until they are able to get a higher dollar for their coin. Like some of you said, the supply and demand effect will kick in and trigger buying and a small price spike since less coin is available (minor panic buying). Also, the block difficulty will fall when miners quit mining (can be seen after last halving) which could create some turmoil among the mining community. Basically, it'll turn into survival of the fittest and whoever is able to hold out the longest will take advantage of the low block difficulty and generate all the coin. A cryptopoly if you will (excuse my terrible jokes). There's more to this theory such as Britain, Turkey, and Trump running for president, but I'll leave it at this so as not to clog up my thread any more than is needed. In other words, I stand by my prediction. I just made it too soon. There will be a significant price increase. Expect it. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Chain reaction will take time to process, it won't happened that past because halving is done. You may expect to feel it after 3-4 months. The price might be good or bad. Still we don't have any clue.
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uki
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July 29, 2016, 09:33:12 PM |
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I speculate bitcoin is ready to go down soon. This is a good time to take a short position in bitcoin because the people who bought at this price level thinking the halving will make it rise over $1000 will begin to slowly realize that it won't happen this year. The price has to go down for now and it is healthy. The price went up too fast and it isn't maintainable to stay in this current price level.
That seems to be a likely scenario. There is already 75% of all coins mined, enough to push the price down for a longer period. Weak hands will join such a game sooner or later and that would mean a solid drop. I wouldn't be surprise to see a test of $500 support.
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ontrackk
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July 30, 2016, 12:16:49 AM |
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The bitcoin price will rise between 20 to 100% every year in the next 10 to 20 years if more people use it.
it would be really cool though the price is really unpredictable, i think that the price of the bitcoin is going to grow a lot in the near future but 20 per cent early seems to be too much
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richardsNY
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July 30, 2016, 12:29:17 AM |
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I speculate bitcoin is ready to go down soon. This is a good time to take a short position in bitcoin because the people who bought at this price level thinking the halving will make it rise over $1000 will begin to slowly realize that it won't happen this year. The price has to go down for now and it is healthy. The price went up too fast and it isn't maintainable to stay in this current price level.
That seems to be a likely scenario. There is already 75% of all coins mined, enough to push the price down for a longer period. Weak hands will join such a game sooner or later and that would mean a solid drop. I wouldn't be surprise to see a test of $500 support. While I think there is still a good chance to see the price dive below the $600 level for a very short time, there is nothing that indicates a drop all the way down to test the $500 level. It would be a sad thing if it really happened.
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maku
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July 30, 2016, 01:41:45 AM |
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Long-term bitcoin's price prediction is like trying to guess right numbers combination in the next Lotto draw. You basically want to shout random number and cross your fingers that your theory will be right. At this point in time, after halving we have rising tendency and almost zero negative news so it is safe to expect $1000 later this year. Will it happen though, or maybe bitcoin is out of fuel to resume climbing?
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Haruderty
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July 30, 2016, 06:28:49 PM |
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Long-term bitcoin's price prediction is like trying to guess right numbers combination in the next Lotto draw. You basically want to shout random number and cross your fingers that your theory will be right. At this point in time, after halving we have rising tendency and almost zero negative news so it is safe to expect $1000 later this year. Will it happen though, or maybe bitcoin is out of fuel to resume climbing?
If there is nothing bad about the bitcoin, the price will rise to around $900 by the end of the year. It could be $1200 in 12 months.
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Ewinsane
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July 30, 2016, 10:21:25 PM |
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i think bitcoin will be rise up its price to 1300$ after halving so hold it if you want get a big profit , and it very good foe bitcoin holders .
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richkellj
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July 31, 2016, 07:40:22 AM |
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I speculate bitcoin is ready to go down soon. This is a good time to take a short position in bitcoin because the people who bought at this price level thinking the halving will make it rise over $1000 will begin to slowly realize that it won't happen this year. The price has to go down for now and it is healthy. The price went up too fast and it isn't maintainable to stay in this current price level.
That seems to be a likely scenario. There is already 75% of all coins mined, enough to push the price down for a longer period. Weak hands will join such a game sooner or later and that would mean a solid drop. I wouldn't be surprise to see a test of $500 support. While I think there is still a good chance to see the price dive below the $600 level for a very short time, there is nothing that indicates a drop all the way down to test the $500 level. It would be a sad thing if it really happened. I also want to know the reasons for the price dropping to 500 as I really don't see it dropping to that low. Is it by any chance to test out SegWit? Because, only if there is any problem in the fundamentals of bitcoin ecosystem, we might expect huge fall. Otherwise bitcoin will remains so strong as always.
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hawkins
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July 31, 2016, 08:20:03 AM |
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i think bitcoin will be rise up its price to 1300$ after halving so hold it if you want get a big profit , and it very good foe bitcoin holders .
Well, I guess after halving the case, there has been no increase in price, even the price of bitcoin is very normal, but I believe soon bitcoin prices will rise, and hopefully the price according to your predictions. I want to believe that bitcoin prices could be higher than that, but it seems like now we just have to hope that at the price of $ 1,000 or more
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uki
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July 31, 2016, 09:39:29 AM |
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I speculate bitcoin is ready to go down soon. This is a good time to take a short position in bitcoin because the people who bought at this price level thinking the halving will make it rise over $1000 will begin to slowly realize that it won't happen this year. The price has to go down for now and it is healthy. The price went up too fast and it isn't maintainable to stay in this current price level.
That seems to be a likely scenario. There is already 75% of all coins mined, enough to push the price down for a longer period. Weak hands will join such a game sooner or later and that would mean a solid drop. I wouldn't be surprise to see a test of $500 support. While I think there is still a good chance to see the price dive below the $600 level for a very short time, there is nothing that indicates a drop all the way down to test the $500 level. It would be a sad thing if it really happened. I also want to know the reasons for the price dropping to 500 as I really don't see it dropping to that low. Is it by any chance to test out SegWit? Because, only if there is any problem in the fundamentals of bitcoin ecosystem, we might expect huge fall. Otherwise bitcoin will remains so strong as always. Not so fast. Bitcoin strong as always? Well, people tend to have a very short memory. Exactly one year ago, when we were in the $200 area, Bitcoin was also strong, right? Since then we had two pumps, one in November and one just before the halving, but nothing fundamentally has changed to support the price that would be three times higher than last summer. Now being fully honest try to answer the following questions: Did many things changed in terms of adoption since the last year? Did we have any other developments that would make the price jump higher? Is mining the only factor that justifies the price of Bitcoin?
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Haruderty
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July 31, 2016, 09:57:06 AM |
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i think bitcoin will be rise up its price to 1300$ after halving so hold it if you want get a big profit , and it very good foe bitcoin holders .
The halving in 2012 increased the price more than 50 times in a year. So this time, it could also increase the price.
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d5000
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July 31, 2016, 10:19:52 AM |
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Well, we have seen now that the halving had no direct influence in price, as I've always said. The reduced mining supply can be a factor in strong bull markets, when supply is reduced. But in all other scenarios the impact is minimal. The yearly inflation of money supply has been reduced from 9% annual to about 4,5% annual. That would mean that Bitcoin could go up 4,5% per year now, compared to the past years. For a cryptocurrency that is a ridiculously low volatility, so I expect the impact to be minimal. But at the other hand ... I think that cryptocurrencies are succeeding and are gaining more ground every year. So I'm bullish long term ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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bestluck
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July 31, 2016, 10:29:01 AM |
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i think bitcoin will be rise up its price to 1300$ after halving so hold it if you want get a big profit , and it very good foe bitcoin holders .
Well, I guess after halving the case, there has been no increase in price, even the price of bitcoin is very normal, but I believe soon bitcoin prices will rise, and hopefully the price according to your predictions. I want to believe that bitcoin prices could be higher than that, but it seems like now we just have to hope that at the price of $ 1,000 or more It is not harder that the price of bitcoin will reach to $1000, we only need to promote bitcoin to everywhere around us as with that the demand of bitcoin will increase more higher with the more adoption of bitcoin and so with the constant supply the price of bitcoin will increase much higher within shortest time period.
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