Halving event: expectation vs. reality

[Pab]

I think people are puting to much attencion to halving/price.Last pump was becouse of Brexit,next can be becouse of EU banks and election in USA

[pandalion98]

Update: Block reward just halved. Still utterly disappointed.

I feel like people had too much hype over this. Historically, it didn't do anything but the price back then was more or less $15. Now that 1 BTC is pretty significant, meh.
Or is it just too early? I mean, the halving occurred literally 2 blocks ago and the price just went down by 1%. Nothing significant at all.

[Snorek]

Update: Block reward just halved. Still utterly disappointed.

I feel like people had too much hype over this. Historically, it didn't do anything but the price back then was more or less $15. Now that 1 BTC is pretty significant, meh.
Or is it just too early? I mean, the halving occurred literally 2 blocks ago and the price just went down by 1%. Nothing significant at all.

Of course it is too early. And of course we won't hear instant "DOUBLE THE BTC PRICE GUYS!" roar from around the world.
Just because bitcoin price is much higher now doesn't mean much - because we have also much more bitcoin in circulation since we had last halving.

Halving at this point is only artificial threshold - it will take a long time for market to react to it.

[AioFox]

40.7% Meh 40.7% Yay; i think thats quite good for the votes right now; i voted for Meh because it's not really exciting for me; i'm actually quite happy at the value of the Bitcoin at the moment but at the same time a little bit worried that the pay for the miners might be lowered till the value reachs $800 for 1BTC. Hang in there dear miners.

[tvbcof]

Back in the day, the common logic was to wait for {n} confirmations.  {n} == 7 IIRC.  I'm currently in that mode with respect to the halving.

Last I was paying much attention which was around a year ago, the blockstream guys were designing their sidechains stuff around a burying of somewhere in the 100 block range.  This because a subordinate chain system relies on absolute solidity of the backing system and (I assume) that the 100 block margin would allow a fairly significant window to deal with any instabilities of bugs that may crop up in the backing solution.  In other words, the transfer of value between the various sidechains subordinates and the bitcoin backing store would be high reliability at the expense of latency.

[Oralmat]

Halving give me disappointment, Actually i have a high expectations with halving, and it never come true.
So i am trying to happy myself.
I was thinking bitcoin will be cross $1100, and less than bitcoin will be come at least $800 price, but i don't know why it will never happened, if we see the previous halving that was a great, and this halving it is normal.
Simply i never get a too much profit from it, but i am happy and i respect the halving.

[franky1]

Halving give me disappointment, Actually i have a high expectations with halving, and it never come true.
So i am trying to happy myself.
I was thinking bitcoin will be cross $1100, and less than bitcoin will be come at least $800 price, but i don't know why it will never happened, if we see the previous halving that was a great, and this halving it is normal.
Simply i never get a too much profit from it, but i am happy and i respect the halving.

seriously!
if you think that the price would jump the minute it hit block 420,000 then you do not understand bitcoin, you dont understand mining and you dont understand trading..

here is some lessons
miners cannot spend the coins instantly.. they have to mature first.
miners do not pay for electricity every hour. they pay it monthly.

so of you are expecting instant price changes today you are just fooling yourself.

give it a few weeks-month for miners to actually experience a decrease in their income when they actually start to pay bills.
just like the last halving.. miners did not really see a change in their spending until the chinese new year ended and the bills started piling up when things went back to business..

it will not be an instant thing, it takes time for the real world to see the effects

[pandalion98]

Update: Block reward just halved. Still utterly disappointed.

I feel like people had too much hype over this. Historically, it didn't do anything but the price back then was more or less $15. Now that 1 BTC is pretty significant, meh.
Or is it just too early? I mean, the halving occurred literally 2 blocks ago and the price just went down by 1%. Nothing significant at all.

Of course it is too early. And of course we won't hear instant "DOUBLE THE BTC PRICE GUYS!" roar from around the world.
Just because bitcoin price is much higher now doesn't mean much - because we have also much more bitcoin in circulation since we had last halving.

Halving at this point is only artificial threshold - it will take a long time for market to react to it.

Or maybe the Chinese are still asleep. It's 1 AM here and I'm in the same timezone as them.

My theory is that something should happen once the markets open today or on Monday morning.

[Snorek]

Update: Block reward just halved. Still utterly disappointed.

I feel like people had too much hype over this. Historically, it didn't do anything but the price back then was more or less $15. Now that 1 BTC is pretty significant, meh.
Or is it just too early? I mean, the halving occurred literally 2 blocks ago and the price just went down by 1%. Nothing significant at all.

Of course it is too early. And of course we won't hear instant "DOUBLE THE BTC PRICE GUYS!" roar from around the world.
Just because bitcoin price is much higher now doesn't mean much - because we have also much more bitcoin in circulation since we had last halving.

Halving at this point is only artificial threshold - it will take a long time for market to react to it.

Or maybe the Chinese are still asleep. It's 1 AM here and I'm in the same timezone as them.

My theory is that something should happen once the markets open today or on Monday morning.

My guess is - and I am scared - that it won't be a pump at all.
We might see a dump instead, because people overhyped due to popular slogan: 'having of block reward = double the price of btc' would be disappointed that nothing is happening and will start selling like crazy.

[matrix zion]

I was told a few times that, when halving is super close/already happened, the price would increase significantly.
Now that the halving event is probably 5 hours or so from now, what can you say about the current price? It's still hovering at around $650 despite the imminent event.

Right now, I'm disappointed simply because so many people say that the price would increase, but my mood may change if something significant happens (pissed if going down, happy when going up).

That's easy to understand:
People ALWAYS SAY BTC GOES TO MOON!

Show me just one thread of serious people (i mean not newbies) saying btc is going to drop. It doesn't happen. Simple as that ^^

[calkob]

yeah i have been saying for months that i think the halving has been priced in since the start of the year and we will actually see a decrease in price over the coming weeks

[dhampir-D]

Months ago... the halving was already priced in

[rinhunter]

I think the halving effect can be felt when a week later, or a few days later, not directly as expectations of the people.
Hold on and don't do panic sell.

[The Sceptical Chymist]

I expect the price to drop when people realize it cannot support the cost of mining anymore. 

If the price cannot support the cost of mining the price will go uo, cause miners will not sell bitcoin with cheap prise
Maybe who will drop is difficultly because the halving, miners with less hashpower will get little and shut down they rigs

But that just isn't true.   Gold bugs always say that about gold mining (and silver too).  And yet when the price of metals drops below the break even point, the mines don't close down.  Stop parroting that complete bullshit.

[mayax]

I expect the price to drop when people realize it cannot support the cost of mining anymore. 

chinesses have stolen electricity so....

[-Greed-]

You are just stupid. No offences buddy, sorry but you are. Sad but true.

[mayax]

only those who didn't live in China for a long period of time can say otherwise. Yes, BTC miners from China are stealing electricity or they bribe directors of electricity companies. Otherwise, they cannot cover the cost.

you can continue with the shits that china miners are the great but I tell you how the things are.

[Hirose UK]

I was told a few times that, when halving is super close/already happened, the price would increase significantly.
Now that the halving event is probably 5 hours or so from now, what can you say about the current price? It's still hovering at around $650 despite the imminent event.

Right now, I'm disappointed simply because so many people say that the price would increase, but my mood may change if something significant happens (pissed if going down, happy when going up).

the price doesn't change instantly, dude. just wait for a few weeks later or even months to see the real impact of this halving. keep patient.

[JeffBrad12]

I was told a few times that, when halving is super close/already happened, the price would increase significantly.
Now that the halving event is probably 5 hours or so from now, what can you say about the current price? It's still hovering at around $650 despite the imminent event.

Right now, I'm disappointed simply because so many people say that the price would increase, but my mood may change if something significant happens (pissed if going down, happy when going up).

the price doesn't change instantly, dude. just wait for a few weeks later or even months to see the real impact of this halving. keep patient.

My prediction's true, a lot of people believe the price will change for instantly and making a big expectation for that. but in fact, the price of bitcoin is not changing significantly. too fast to reach $800 or above,  irrational expectation. some people just making a statement without saw the situation on the market.

[traderbit]

only those who didn't live in China for a long period of time can say otherwise. Yes, BTC miners from China are stealing electricity or they bribe directors of electricity companies. Otherwise, they cannot cover the cost.

you can continue with the shits that china miners are the great but I tell you how the things are.

The technology things in China are more cheaper than in any other country because the mining rigs are mostly produced in china and it's cheaper than buying in EU. Another thing is that the electricity costs less and other factors. OP I didn't expected anything to happen during the halving because i saw the last halving and at that time nothing was changed, after few months the price started to change.