ChartBuddy
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August 05, 2015, 10:02:20 PM |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 05, 2015, 11:02:25 PM |
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ChartBuddy
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August 06, 2015, 12:02:26 AM |
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natewelt
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August 06, 2015, 12:13:49 AM |
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C'mon volatility... There is a number of bitcoins I want to own before the halving!  Well, just broke below 280 on stamp. Might get another chance for some cheap coins after all. |
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nioc
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August 06, 2015, 12:14:03 AM |
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That small dumped that just happened or is happening started 2 minutes after I bought. What else is new. YW
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natewelt
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August 06, 2015, 12:20:27 AM |
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That small dumped that just happened or is happening started 2 minutes after I bought. What else is new. YW
Sounds about right. Buying at the perfect time just never happens. |
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shmadz
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@theshmadz
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August 06, 2015, 12:25:42 AM |
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Im so excited about the halving, whether you think its going to go up or down no one can argue that the uncertainty is gonna bring some volatility so us traders can finally make some good money again.
its sentiment like this that reminds me of weird Twilight Zone episodes. The Block subsidy is inflation that devalues all our savings, it also necessary to incentivize security. It,s not so much a reward halving, it's a transaction cost subsidy halving and inflation halving. The halving is a scary time, it's a big culling and a shake up. The last halving was anticipated by a big run up and then a slump, it wasn't until the drop in inflation kicked in and the liquid supply dried up that the markets went wild. ultimately I think the same thing is going to happen again, except this time it'd different, there is more risk, bigger investments at stake and I think well see some a more volatile trend line and its going to be harder to predict. make no mistake nothing is a given there is risk. Well said. "The halving is a scary time" indeed. The market does not like uncertainty. Once the halving is past and the block size debate has been settled, I think we might see the moon pop out from behind the clouds, for a while... (always new clouds on the horizon) |
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shmadz
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@theshmadz
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August 06, 2015, 12:30:46 AM |
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Im so excited about the halving, whether you think its going to go up or down no one can argue that the uncertainty is gonna bring some volatility so us traders can finally make some good money again.
Well, after the last one on 2012-11-28 the price basically remained flat for 5 weeks. There was a rally after that, true; but before and after that halving there were several other rallies and crashes, which can hardly be consequences of it. So, there is no good reason to think that the Jan--Apr 2013 rally was connected to it, either. Things may be different this time, of course. However, I would guess that the only direct effect will be a drop in the hashrate. If that happens, there may be indirect negative effect on price. My estimation puts the creation cost of each bitcoin very roughly at $200 (normalized electricity cost and neglecting spent capital for the mining hardware) If the price reaches approximately double that in or around this time next year, I expect the hashrate would be sustained. |
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ChartBuddy
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August 06, 2015, 01:03:34 AM |
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Patel
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August 06, 2015, 01:17:15 AM |
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We're gonna hit, or be very close to 255 during august. Then 400 by the end of the year  Still seeing this outcome. |
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skeletonbit
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August 06, 2015, 01:18:16 AM |
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I just really hope I manage to get some BTC below $300. So, guys, prepare to go past $320. God knows whenever I want cheap coins, the price goes up
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White sugar
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August 06, 2015, 01:23:01 AM |
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said the dude that lost his head because he tried to play by the book and trusted the wrong person |
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ChartBuddy
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August 06, 2015, 02:02:22 AM |
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ChartBuddy
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August 06, 2015, 03:02:22 AM |
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billyjoeallen
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Hide your women
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August 06, 2015, 03:03:29 AM |
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We're gonna hit, or be very close to 255 during august. Then 400 by the end of the year Still seeing this outcome. That would be nice, but I see the chart flattening out for a while. If BTC is seen as roughly tracking USD performance, then we will start to get a growing number of buyers from countries with weakening currencies. |
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cyclotronmajesty
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August 06, 2015, 03:03:45 AM |
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Anyone have any idea why Litecoin price is going up while Bitcoin price is going down?  Is it the halving on November 20th? |
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White sugar
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August 06, 2015, 03:33:46 AM |
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Anyone have any idea why Litecoin price is going up while Bitcoin price is going down? Is it the halving on November 20th? LItecoin found his own Willy bot. |
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ChartBuddy
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August 06, 2015, 04:02:24 AM |
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cyclotronmajesty
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August 06, 2015, 04:39:09 AM |
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What of 280? We going to break it today? I'd suspect a recall back to 275 or so in a week or less.
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cyclotronmajesty
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August 06, 2015, 05:00:51 AM |
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Anyone have any idea why Litecoin price is going up while Bitcoin price is going down? Is it the halving on November 20th? LItecoin found his own Willy bot. obviously... I guess someone has deep pockets and deep investment in this cryptocurrency... I suspect It will not reach the same potential as Bitcoin simply on the basis that it's not decentralized, we know who invented Litecoin, he is alive, and he isn't interested in cheap prices. I think if Bitcoin goes down to 250-260 or so in the next few weeks it's gonna be tough for Litecoin because there will defiantly be a pump as the halving approaches: if only to promote the currency. http://www.litecoinblockhalf.com |
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