What is happening?

[uki]

I was also expecting a big price increase in the time of halving but it not happened, by the way it was also my luck that it increase much higher before halving , now I am waiting for the halving effect which everyone here is expecting for the bitcoin.

I don't know where you have been, but the price has gone up considerably already. It happened before the block halving. Right now we are $200 higher than we were exactly 2 months ago. And when the price reached nearly $800 it was even $330 higher in less than a month! Isn't that enough?

For these who bought at $750 it isn't. There are always losers and winners, it is a zero-sum game.

[1715295758]

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[uki]

Probably because everyone thought it would keep increasing is why it hasn't.

Remember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.

hmm. let me see some dates!
the first block reward halving has happened on 28 Nov 2012 http://blockexplorer.com/b/210000 price is around $12
2x rise happens on feb 2013 (~2-3 months after having)
3x rise on march 2013 (~3-4 months after having)
19x rise on Apr 9 2013 (~4 months after having)

first ASIC system was shipped out to customers on mid Jan 2014 (https://en.bitcoin.it/wiki/ASIC)--> bitcoin price to the moon but it is after 2 years

am i missing something here?

Your missing the fact that the 2013 rise was completely artificial caused by the willybot.  We arent going to get such an insane jump like that ever again.  And as price goes higher the actual increases will be smaller.  We already got double just prior to the halving,  anymore is a bonus.

You are also missing the fact that events back then are not the same with the events that will happened today. We don't need an aritifical bot today because no doubt there's an added numbers of investors today even at small stats.

Also, you just said it, a bot that caused that pump. The large pump can happen again without it. I have no such basis in my claims as Im not an expert but I will stand to my statement.

the point he made is valid. These rises indicated in the first post cited, have absolutely ZERO to do with the halving. What is the time interval from halving to attribute a rise or drop as 'due to the halving'. A month, two, seven, twelve? Same happened this time. It is all about pumps happening at some random points in time (ok, it is known to the involved players) that are not related to the halving.

[ImHash]

As long as people selling bitcoins on a daily basis you will not see any big rise in price any time soon.

[Agaguk24]

Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?

The fact that BTC block reward halving had no effect on Bitcoin's USD value means that supply is still higher than demand and price is being maintained artifically higher than it ought to be.

[BitMaxz]

Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?

The fact that BTC block reward halving had no effect on Bitcoin's USD value means that supply is still higher than demand and price is being maintained artifically higher than it ought to be.

But even the price still not moving back to 700 value i think following months we will see this price back.. and more price will come.. if the bitcoin will be in demand these following months.. the advantage right now is movement of the price of bitcoin is fast than few months ago..

[universe_]

I was also expecting a big price increase in the time of halving but it not happened, by the way it was also my luck that it increase much higher before halving , now I am waiting for the halving effect which everyone here is expecting for the bitcoin.

I don't know where you have been, but the price has gone up considerably already. It happened before the block halving. Right now we are $200 higher than we were exactly 2 months ago. And when the price reached nearly $800 it was even $330 higher in less than a month! Isn't that enough?

For these who bought at $750 it isn't. There are always losers and winners, it is a zero-sum game.

thats true, if one person earns money then another has to lose, it is how it is in trading, the price is stable right now though so i dont manage to make money

[Wind_FURY]

Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?

Now that it is 2 weeks after the halving we can see that it has no effect anymore. Rewards for miners are cut in half but the price remains the same. No one is speculating anymore that it will go higher and more and more people are waiting for it to go down and are placing their buy orders at lower prices. Bitcoin will go below $600 slowly and will stay there until the end of this year. So it is good to wait and buy more at lower prices.

[pooya87]

Probably because everyone thought it would keep increasing is why it hasn't.

Remember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.

hmm. let me see some dates!
the first block reward halving has happened on 28 Nov 2012 http://blockexplorer.com/b/210000 price is around $12
2x rise happens on feb 2013 (~2-3 months after having)
3x rise on march 2013 (~3-4 months after having)
19x rise on Apr 9 2013 (~4 months after having)

first ASIC system was shipped out to customers on mid Jan 2014 (https://en.bitcoin.it/wiki/ASIC)--> bitcoin price to the moon but it is after 2 years

am i missing something here?

Your missing the fact that the 2013 rise was completely artificial caused by the willybot.  We arent going to get such an insane jump like that ever again.  And as price goes higher the actual increases will be smaller.  We already got double just prior to the halving,  anymore is a bonus.

You are also missing the fact that events back then are not the same with the events that will happened today. We don't need an aritifical bot today because no doubt there's an added numbers of investors today even at small stats.

Also, you just said it, a bot that caused that pump. The large pump can happen again without it. I have no such basis in my claims as Im not an expert but I will stand to my statement.

the point he made is valid. These rises indicated in the first post cited, have absolutely ZERO to do with the halving. What is the time interval from halving to attribute a rise or drop as 'due to the halving'. A month, two, seven, twelve? Same happened this time. It is all about pumps happening at some random points in time (ok, it is known to the involved players) that are not related to the halving.

actually i still don't think halving didn't play any role in the rise. first of all if you read my last comment here you see that i missed the first ASIC miner coming out in Jan 2013 which means the first line should change to this:

2x rise happens on feb 2013 and first ASIC miner comes out in mid Jan 2013 (~2-3 months after having)

so you still can't say halving didn't have any effect because it takes time to see the effect of halving. you can't expect the day it happens, price goes up. miners don't dump coin as they receive it. they keep it for some time.

[lumeire]

Probably because everyone thought it would keep increasing is why it hasn't.

Remember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.

hmm. let me see some dates!
the first block reward halving has happened on 28 Nov 2012 http://blockexplorer.com/b/210000 price is around $12
2x rise happens on feb 2013 (~2-3 months after having)
3x rise on march 2013 (~3-4 months after having)
19x rise on Apr 9 2013 (~4 months after having)

first ASIC system was shipped out to customers on mid Jan 2014 (https://en.bitcoin.it/wiki/ASIC)--> bitcoin price to the moon but it is after 2 years

am i missing something here?

Your missing the fact that the 2013 rise was completely artificial caused by the willybot.  We arent going to get such an insane jump like that ever again.  And as price goes higher the actual increases will be smaller.  We already got double just prior to the halving,  anymore is a bonus.

You are also missing the fact that events back then are not the same with the events that will happened today. We don't need an aritifical bot today because no doubt there's an added numbers of investors today even at small stats.

Also, you just said it, a bot that caused that pump. The large pump can happen again without it. I have no such basis in my claims as Im not an expert but I will stand to my statement.

the point he made is valid. These rises indicated in the first post cited, have absolutely ZERO to do with the halving. What is the time interval from halving to attribute a rise or drop as 'due to the halving'. A month, two, seven, twelve? Same happened this time. It is all about pumps happening at some random points in time (ok, it is known to the involved players) that are not related to the halving.

actually i still don't think halving didn't play any role in the rise. first of all if you read my last comment here you see that i missed the first ASIC miner coming out in Jan 2013 which means the first line should change to this:

2x rise happens on feb 2013 and first ASIC miner comes out in mid Jan 2013 (~2-3 months after having)

so you still can't say halving didn't have any effect because it takes time to see the effect of halving. you can't expect the day it happens, price goes up. miners don't dump coin as they receive it. they keep it for some time.

IMO that's kinda what we're seeing right now. People have stashes of btc in their hands, unless that stash is reduced or gone, or more people get into the btc space we won't be seeing much of the effects of supply scarcity.

[Batelk]

As long as people selling bitcoins on a daily basis you will not see any big rise in price any time soon.

When more people are attract to the bitcoin, the buying power will outweigh the selling, the price will rise.

[chaser15]

Probably because everyone thought it would keep increasing is why it hasn't.

Remember that the last halving didn't do much. It wasn't until new ASIC miners came out that the price really started skyrocketing.

hmm. let me see some dates!
the first block reward halving has happened on 28 Nov 2012 http://blockexplorer.com/b/210000 price is around $12
2x rise happens on feb 2013 (~2-3 months after having)
3x rise on march 2013 (~3-4 months after having)
19x rise on Apr 9 2013 (~4 months after having)

first ASIC system was shipped out to customers on mid Jan 2014 (https://en.bitcoin.it/wiki/ASIC)--> bitcoin price to the moon but it is after 2 years

am i missing something here?

Your missing the fact that the 2013 rise was completely artificial caused by the willybot.  We arent going to get such an insane jump like that ever again.  And as price goes higher the actual increases will be smaller.  We already got double just prior to the halving,  anymore is a bonus.

You are also missing the fact that events back then are not the same with the events that will happened today. We don't need an aritifical bot today because no doubt there's an added numbers of investors today even at small stats.

Also, you just said it, a bot that caused that pump. The large pump can happen again without it. I have no such basis in my claims as Im not an expert but I will stand to my statement.

the point he made is valid. These rises indicated in the first post cited, have absolutely ZERO to do with the halving. What is the time interval from halving to attribute a rise or drop as 'due to the halving'. A month, two, seven, twelve? Same happened this time. It is all about pumps happening at some random points in time (ok, it is known to the involved players) that are not related to the halving.

Well I don't pointing out that it can be linked to the halving as I know we doesn't have any noticeable changes today that can be point to the actual halving.

Halving speculation is just a linked effect of what the main reason is.

[Agaguk24]

Well Bitcoin price did recover slightly today; but I dont buy into this rise - could be a dead cat bounce

[goldcoinminer]

Well Bitcoin price did recover slightly today; but I dont buy into this rise - could be a dead cat bounce

There will gradual rise of the bitcoin in the net few months. The Mt Gox hack caused 2 years bear market, the Bitfinex hack will not.

Because we are more stronger now, the Mt. Gox was many years ago and I almost forget it until you reminded it here, but we have move one ever since and we are now more capable of going to the future with a very good potential to get a massive adoption.

[Dadiansun]

Well Bitcoin price did recover slightly today; but I dont buy into this rise - could be a dead cat bounce

There will gradual rise of the bitcoin in the net few months. The Mt Gox hack caused 2 years bear market, the Bitfinex hack will not.

Because we are more stronger now, the Mt. Gox was many years ago and I almost forget it until you reminded it here, but we have move one ever since and we are now more capable of going to the future with a very good potential to get a massive adoption.

I heard that Mt Gox lost 850,000 bitcoins, which is 7 times more than the loss of the Bitfinex exchange hack.

[Batelk]

Well Bitcoin price did recover slightly today; but I dont buy into this rise - could be a dead cat bounce

There will gradual rise of the bitcoin in the net few months. The Mt Gox hack caused 2 years bear market, the Bitfinex hack will not.

Because we are more stronger now, the Mt. Gox was many years ago and I almost forget it until you reminded it here, but we have move one ever since and we are now more capable of going to the future with a very good potential to get a massive adoption.

I heard that Mt Gox lost 850,000 bitcoins, which is 7 times more than the loss of the Bitfinex exchange hack.

So I think the bitcoin price will rise to $600 soon. The 120k bitcoin will not be dump to the market in the near future.

[bit1]

Well Bitcoin price did recover slightly today; but I dont buy into this rise - could be a dead cat bounce

There will gradual rise of the bitcoin in the net few months. The Mt Gox hack caused 2 years bear market, the Bitfinex hack will not.

Because we are more stronger now, the Mt. Gox was many years ago and I almost forget it until you reminded it here, but we have move one ever since and we are now more capable of going to the future with a very good potential to get a massive adoption.

I heard that Mt Gox lost 850,000 bitcoins, which is 7 times more than the loss of the Bitfinex exchange hack.

Yes, unfortunately these events do not help for nothing, also add others big exchanges that  had other problems, willy-nilly investors lose confidence.

[buyinbtc]

You all want the price to rise because you are bitcoin traders, altcoins have come on board to compete with bitcoins.
Maybe it's time to add some viable altcoins to your list of goods for sale...

of course all people are expecting the price to grow because of that everyone if hyping that the price is going to go up and they will make money out of trading

[greBit]

You all want the price to rise because you are bitcoin traders, altcoins have come on board to compete with bitcoins.
Maybe it's time to add some viable altcoins to your list of goods for sale...

of course all people are expecting the price to grow because of that everyone if hyping that the price is going to go up and they will make money out of trading

Price will rise in coming months, as price is low now and many people are buying at this stage as they are aware that price will be much higher in the end of the year.

[Kelvinid]

You all want the price to rise because you are bitcoin traders, altcoins have come on board to compete with bitcoins.
Maybe it's time to add some viable altcoins to your list of goods for sale...

of course all people are expecting the price to grow because of that everyone if hyping that the price is going to go up and they will make money out of trading

Price will rise in coming months, as price is low now and many people are buying at this stage as they are aware that price will be much higher in the end of the year.

I think so. The price is around $595 now. But it will rise to $600 in the next few weeks. It could be $900 in December.

[goldcoinminer]

You all want the price to rise because you are bitcoin traders, altcoins have come on board to compete with bitcoins.
Maybe it's time to add some viable altcoins to your list of goods for sale...

of course all people are expecting the price to grow because of that everyone if hyping that the price is going to go up and they will make money out of trading

Price will rise in coming months, as price is low now and many people are buying at this stage as they are aware that price will be much higher in the end of the year.

I think so. The price is around $595 now. But it will rise to $600 in the next few weeks. It could be $900 in December.

Yeah! we are going back on track again, the price will be back to $600 sooner, and the confidence of the investors will be back again. Our hope for the price increase of halving will happen soon so hold on people and rip the fruits of your labor this year.