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Author Topic: Overcoming halving  (Read 856 times)
serjent05
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July 18, 2016, 05:16:16 PM
 #21

The halving in my opinion was just a hyped up event that created expectation amongst desperate speculators, who are only using this technology to make a quick profit. Your goal should be to invest

in Bitcoin companies and development of killer Apps, to stimulate natural adoption. If only one killer App, like the new Pokémon GO can be developed and it takes off like that did, we would all

be millionaires soon, but NO... people want to sit back and wait for the price to rise, from events like the halving. Get out there and increase adoption.. and you will see more profits.  Roll Eyes

I agree with you, the recent halving event was used to hype Bitcoin,  And yes people who invest in this stuff should help promote, develope the Bitcoin economy,   more development and usage of Bitcoin means more demand for you  BTC.

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July 18, 2016, 06:47:14 PM
 #22

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?

So you are expecting a quick and instant result on the following day right after the halving ETA?

If yes then you should continue to study about what halving really is.

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July 18, 2016, 06:52:39 PM
 #23

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?
What exactly you mean by overcome the halving? Halving is not something you can fight against or some negative force to begin with.
It is planned event, part of bitcoin evolution and development.  The only way you can 'overcome' it is for bitcoin to be still profitable for miners to mine.
And with current price I think it is.


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July 19, 2016, 06:58:51 PM
 #24

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?


Bitcoin halving isn't all about the price rise. It's not like because we just crossed halving, doesn't mean the price would shoot up. The theories of other people (including me) that the price would shoot up on halving is wrong (as we all have seen). It will surely rise in the future but it wouldn't shoot up right after halving. And also, I'm pretty sure "worst things" aren't waiting for us in the future.
This sounds interesting. Why is that so? I mean, why price won't shoot up rightaway?

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July 19, 2016, 07:18:10 PM
 #25

What worst things? Things are looking great, pessimists need to shut the hell up to be honest. We are making progress and this will translate into the price sooner or later. Don't get too obsessed with looking at the price, that is like looking at the scoreboard instead of paying attention to the playing field.

very well put!

way to much doom and gloom. We just had bitcoin go from $300 to $700 super
fast.  Basically we needed that rise to justify people still mining and we got it. Now
if we still were at $300 after the halving I would be super worried.

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July 19, 2016, 07:25:11 PM
 #26

What worst things? Things are looking great, pessimists need to shut the hell up to be honest. We are making progress and this will translate into the price sooner or later. Don't get too obsessed with looking at the price, that is like looking at the scoreboard instead of paying attention to the playing field.

very well put!

way to much doom and gloom. We just had bitcoin go from $300 to $700 super
fast.  Basically we needed that rise to justify people still mining and we got it. Now
if we still were at $300 after the halving I would be super worried.

Assumption that the price will rise on each halving is becoming confirmed on this halving, that's why many people are expecting prices much higher than just double
than they were before halving. Because this would make it a rule that you could invest and double your money every 4 years on avg.
If prices continue to go slowly up, i would be honestly surprised if we don't see huge spikes over 1k atleast, all by the end of this year.
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July 19, 2016, 07:28:16 PM
Last edit: July 19, 2016, 07:52:12 PM by steven0021
 #27

Has BTC overcome the halving? Or is it just a slow rise and the worst things are waiting in the near future?


Bitcoin halving isn't all about the price rise. It's not like because we just crossed halving, doesn't mean the price would shoot up. The theories of other people (including me) that the price would shoot up on halving is wrong (as we all have seen). It will surely rise in the future but it wouldn't shoot up right after halving. And also, I'm pretty sure "worst things" aren't waiting for us in the future.
This sounds interesting. Why is that so? I mean, why price won't shoot up rightaway?

Why should it? Most (big) miners are still making profit at the current price and there's no sudden surge of demand good enough to cause the price to continue increasing despite what we've all seen in the last 2 months. It is perfectly possible that the halved block reward will increase the price over time, but expecting it to increase right away are just unreasonable.

                                                                       
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