OROBTC (OP)
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July 17, 2016, 04:58:51 PM |
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"The Halving" seemed to disappoint those who were looking for a higher price (myself included). And BTC price stayed pretty locked at around $666 (hmm...?). It looks like the halving was factored in by Bitcoinistan -- that is, it was so anticipated that the price moves took place BEFORE.
To my knowledge the $682 level we are at now is the first real move since the halving. Now that we have several days "Post-Halving", perhaps that fundamental (lower BTC production) will assert itself.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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QuestionAuthority
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July 17, 2016, 05:21:27 PM |
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"The Halving" seemed to disappoint those who were looking for a higher price (myself included). And BTC price stayed pretty locked at around $666 (hmm...?). It looks like the halving was factored in by Bitcoinistan -- that is, it was so anticipated that the price moves took place BEFORE.
To my knowledge the $682 level we are at now is the first real move since the halving. Now that we have several days "Post-Halving", perhaps that fundamental (lower BTC production) will assert itself.
I see no reason why the exchange rate won't continue to rise in the short term. I can't see this bubble popping until the mining fallout happens and that could take months. People are always really slow to realize they're losing money mining. The anticipation of each reward drop seems to move the price more than the actual event. I think we still have months of smooth sailing left. The trick will be figuring out what month to sell before the pop. I'm thinking maybe Sept or Oct. |
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OmegaStarScream
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July 17, 2016, 05:56:59 PM |
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People should understand that miners pay electricity monthly and not daily probably also ... It's important to understand that when the halving happened , miners had some supply from the 25 BTC halving rewards .
So now , that supply is decreasing slowly with time and we should continue to see a price increase , without forgetting that HashRate increased since Bitcoin halving happened so I'm very optimistic personally and I don't think miners will shutdown (as some people was afraid this is going to happen)
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Slark
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July 17, 2016, 06:13:52 PM |
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Don't be disappointed by halving. After all It is 'double the price magical event' mining is not working like that. Price will go higher for sure, but not right now.
Also many people forgetting that we have significant price rise just before halving. Price went up more than $100 in anticipation of halving and stayed that way.
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Alley
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July 17, 2016, 06:21:08 PM |
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Wait a couple more months. Then you'll see the real halving effect.
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freundes
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July 17, 2016, 06:41:30 PM |
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Its great to see that the price is rising... Lets wait and see
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calkob
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July 17, 2016, 06:41:40 PM |
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i agree i was warning for weeks that the price had already been factored in and that there would be a decline shortly after, still waiting on that
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bitbunnny
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July 17, 2016, 06:45:07 PM |
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Upcoming days will be crucial. We will see will the price will be rising or falling. At the moment it si moving slightly up but that doesn't have to mean anything, in sense that it will also continue to grow. I also expected a bigger price after halving but who knows how many different factors have influenced on it.
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unamis76
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July 17, 2016, 09:28:09 PM |
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Despite price movements before the halving I found it quite odd that nobody took the advantage and the circumstance of the block reward decrease to manipulate the price further up. It wouldn't be the first time people moved the market up due to news and facts (or even rumors). Still, it's comprehensible why that happened, miners made timely sells "yesterday" so they can pay their bills "tomorrow"...
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odolvlobo
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July 17, 2016, 09:49:06 PM |
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It is only a 2% rise. Nothing to get excited over.
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clickerz
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July 17, 2016, 11:07:50 PM |
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It is only a 2% rise. Nothing to get excited over.
Indeed lol  Hope that it will continue to rise. The most awaited halving price increase, will not happen overnight. Below is the current bitcoin price from @coindesk  |
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20kevin20
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July 17, 2016, 11:40:14 PM |
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This is because of the last events taking place around the world. There events are basically changing the world's stocks and prices. Bitcoin will always be affected by them, because now BTC is a currency for a lot of people. This is why we saw this slight move - it migbt stay now at this price for some days, and then it will go back to where it was two days ago. Again, like I always said: we will see the changes in time.
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jhenfelipe
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July 18, 2016, 03:18:41 AM |
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Yes the price risen already before halving. And for the halving effect, we shall not be disappointed this time, since it's too early. It's been a week or so after halving and I think we won't experience it's effect instantly. Let's wait a few more months to feel it just like how it goes on halving last 2012.  Needs more time. |
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quake313
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July 18, 2016, 04:13:07 AM |
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Time will only tell if this is some substantial rise or the usual fluctuation in price.
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tobacco123
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July 18, 2016, 04:14:04 AM |
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I think this will just be a small pump as there is no significant event happening. Maybe the investors came back after weekend and found out about the coup in Turkey (which is apparently over...)? No significant movement in China market.
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cooldgamer
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July 18, 2016, 04:19:36 AM |
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Given that we just had the halving, I think some (re: many) of the die-hard crypto fans are going to see any tiny price raise as a chance to buy. We'll end up going up a decent bit (maybe 750-800), but it's going to be popped when the people that bought more than they could afford to prepare for the halving decide to cash out.
I'd place a buy to cash out at 700, but be careful not to get greedy or it could come back to bite.
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shinratensei_
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July 18, 2016, 04:43:33 AM |
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It is only a 2% rise. Nothing to get excited over.
Indeed lol Hope that it will continue to rise. The most awaited halving price increase, will not happen overnight. Below is the current bitcoin price from @coindesk That's right, a lot of people is waiting for this things, the bitcoin price will getting an increase for slowly and certainly.All of the bitcoin users have the same wish for that. Let's waiting about the next situation of bitcoin price. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
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Sorrowfox
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July 18, 2016, 04:51:18 AM |
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"The Halving" seemed to disappoint those who were looking for a higher price (myself included). And BTC price stayed pretty locked at around $666 (hmm...?). It looks like the halving was factored in by Bitcoinistan -- that is, it was so anticipated that the price moves took place BEFORE.
To my knowledge the $682 level we are at now is the first real move since the halving. Now that we have several days "Post-Halving", perhaps that fundamental (lower BTC production) will assert itself.
Yes, a lot of people were disappointed when the halving day arrived. Because their mind was conditioned that the price will suddenly goes up right after the halving day but it didnt happened. The price remained stable but after weekend, the bitcoin value is slowly rising with a 5% increase in just 1 day. I am sure that this bitcoin price increase will remain for a week weeks until the transaction of bitcoins after halving was stabilized. |
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secone
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July 18, 2016, 04:59:39 AM |
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people who waiting the price rising during bitcoin halving, sell his bitcoin because he disappointed with the stagnan price, then he just sell it, in this phase pumper keep buying bitcoin and make accumulation before pump, i think the rise of bitcoin price in this day is signal for all people to join pumper, so we can reach $700 again in this month then 800 next month and reach $1000 at this year  |
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clickerz
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July 18, 2016, 05:09:04 AM |
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people who waiting the price rising during bitcoin halving, sell his bitcoin because he disappointed with the stagnan price, then he just sell it, in this phase pumper keep buying bitcoin and make accumulation before pump, i think the rise of bitcoin price in this day is signal for all people to join pumper, so we can reach $700 again in this month then 800 next month and reach $1000 at this year If your prediction will happen, many people who holds for a long time will be happy. @1000 dollar or more is the anticipated price,hope it will happen before this year ends |
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