xyzzy099
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Activity: 1068
Merit: 1109
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July 22, 2015, 04:04:48 PM |
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because bitcoin is being affected by what appears to be anti-gravity ... kinda like how ripple will likely stay languishing down low for the unforeseeable future cuz apparently gravity is holding them down. what do you do in win-win situations ?? you either float by anti-gravity or get held down by gravity .. its the laws of gravity ... where is wily coyote at ?? he knows about gravity ...
Just out of curiosity, are you the author of the book in your signature, or just advertising for it? |
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dreamspark
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July 22, 2015, 04:17:57 PM |
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Hence why the argument of it already being priced in somewhat certainly holds water.
It isn't priced in because it is over a year away. There are people arguing for a rally, a fizzle or no effect. It is undeniably a huge event on the bitcoin calendar because it marks the last time that bitcoin coin inflation can ever be blamed for supply exceeding demand and pushing the price down. 5% inflation is pretty good. But any price shenanigans that go on around that time will be driven by the same heavy speculators driving the price up and down. In the longer run if demand picks up then the reduced mining supply could lead to price rises. Which would be nice.  Disagree. Any event that you know of is a part of the consideration when buying/selling that stock/currency/commodity etc etc. I'm not saying its completely priced in I said hence why that argument holds water. You can't seriously suggest that it's not already part of the market psychology when people are already talking about it and anticipating a price rise due to it. All speculators big and small are holding hoping for it to cause a price rise. It certainly doesn't mark the last time that btc inflation can be blamed for supply exceeding demand. How can you possibly say that. If the price rallies up to $10000 on a spike (remember on long term charts $1000+ was just a monthly spike) Then supply in $ terms could still easily outstrip demand. Don't forget not all mined coins are instantly sold, and all mined coins are part of inflation. My point being you can't possibly state what you're saying as fact. |
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aztecminer
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Activity: 1092
Merit: 1000
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July 22, 2015, 04:25:16 PM |
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Every day is one day closer to the halving. One day closer to the next ATH. I've started banking my trading profits in BTC instead of dollars. We'll never see $220 again.
i work in the firearms industry.. i bank my profits by how much ammo i have... instead of how many bitcoins i have... although i still keep some bitcoins too. |
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aztecminer
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Activity: 1092
Merit: 1000
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July 22, 2015, 04:41:45 PM |
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because bitcoin is being affected by what appears to be anti-gravity ... kinda like how ripple will likely stay languishing down low for the unforeseeable future cuz apparently gravity is holding them down. what do you do in win-win situations ?? you either float by anti-gravity or get held down by gravity .. its the laws of gravity ... where is wily coyote at ?? he knows about gravity ...
Just out of curiosity, are you the author of the book in your signature, or just advertising for it? why you thinking about reading it ?? .. i don't believe it is available in bitcoins though unless amazon accepts bitcoins. |
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ChartBuddy
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 22, 2015, 05:01:27 PM |
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rememberme
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July 22, 2015, 05:29:17 PM |
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Nothing, all getting the hits
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Fakhoury
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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July 22, 2015, 05:30:09 PM |
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Nothing, all getting the hits
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aztecminer
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Activity: 1092
Merit: 1000
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July 22, 2015, 05:41:16 PM |
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you can calm down its getting book cover replaced soon (hopefully only two more weeks is rumor i heard) ... depends on the artist.. and u cannot blame me for whatever gravity problems is happening. blame whoever wily coyote for dragging cryptos into fighting against gravity. i haven't done anything other than buy bitcoins. and i do not play the leverage game cuz i am not good enough at trading. i have try to make a profit in bitcoins on tuesdays and every other thursdays. although i'm am pretty good at talking trash sometimes. what i am supposed to strategist to lose just for wily coyote can lulz ?? i'm probably not going to do that. maybe it will become available for bitcoins.. just for you guys.
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inca
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Activity: 1176
Merit: 1000
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July 22, 2015, 05:51:35 PM |
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Hence why the argument of it already being priced in somewhat certainly holds water.
It isn't priced in because it is over a year away. There are people arguing for a rally, a fizzle or no effect. It is undeniably a huge event on the bitcoin calendar because it marks the last time that bitcoin coin inflation can ever be blamed for supply exceeding demand and pushing the price down. 5% inflation is pretty good. But any price shenanigans that go on around that time will be driven by the same heavy speculators driving the price up and down. In the longer run if demand picks up then the reduced mining supply could lead to price rises. Which would be nice. Disagree. Any event that you know of is a part of the consideration when buying/selling that stock/currency/commodity etc etc. I'm not saying its completely priced in I said hence why that argument holds water. You can't seriously suggest that it's not already part of the market psychology when people are already talking about it and anticipating a price rise due to it. All speculators big and small are holding hoping for it to cause a price rise. It certainly doesn't mark the last time that btc inflation can be blamed for supply exceeding demand. How can you possibly say that. If the price rallies up to $10000 on a spike (remember on long term charts $1000+ was just a monthly spike) Then supply in $ terms could still easily outstrip demand. Don't forget not all mined coins are instantly sold, and all mined coins are part of inflation. My point being you can't possibly state what you're saying as fact. Saying it is priced in is meaningless in my humble opinion. It is just something people say. If the market simply knowing an event in advance means it is priced in then the 2020 halving is priced in too, right? You are right of course that if the price rallies up hugely then even 5% inflation could exert an effect. But the price is set by supply and demand and going forward the mining supply is going to become largely an irrelevence in comparison with the actual proportion of coins already in existence being used to set the price. I will just say that it is an exciting time to be in bitcoin. |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 22, 2015, 06:01:35 PM |
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ChartBuddy
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Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 22, 2015, 07:01:32 PM |
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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July 22, 2015, 07:06:56 PM |
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because bitcoin is being affected by what appears to be anti-gravity ... kinda like how ripple will likely stay languishing down low for the unforeseeable future cuz apparently gravity is holding them down. what do you do in win-win situations ?? you either float by anti-gravity or get held down by gravity .. its the laws of gravity ... where is wily coyote at ?? he knows about gravity ...
Just out of curiosity, are you the author of the book in your signature, or just advertising for it? why you thinking about reading it ?? .. i don't believe it is available in bitcoins though unless amazon accepts bitcoins. If it's on Amazon you can get it for a discount by paying with bitcoins. At least 5%. On average around 20%. |
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redsn0w
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Activity: 1778
Merit: 1043
#Free market
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July 22, 2015, 07:31:14 PM |
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What do you suggest now? Buy or sell  ? |
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dakota neat
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July 22, 2015, 07:35:35 PM |
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so... sideways after the double top doesn't look good. gravity will soon be noticed. i'm putting my bets on a leg down. very sad because i was promised 1200 this month. not very likely but hey this is bitcoin.
please do whatever you want. but the only entity that is always right is the market and thats because it accumulates all of the available knowledge.
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bad trader
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July 22, 2015, 07:37:03 PM |
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It looks like the market is committed to a crash, but is feeling too lazy to do anything about it.
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dreamspark
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July 22, 2015, 07:38:58 PM |
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Hence why the argument of it already being priced in somewhat certainly holds water.
It isn't priced in because it is over a year away. There are people arguing for a rally, a fizzle or no effect. It is undeniably a huge event on the bitcoin calendar because it marks the last time that bitcoin coin inflation can ever be blamed for supply exceeding demand and pushing the price down. 5% inflation is pretty good. But any price shenanigans that go on around that time will be driven by the same heavy speculators driving the price up and down. In the longer run if demand picks up then the reduced mining supply could lead to price rises. Which would be nice. Disagree. Any event that you know of is a part of the consideration when buying/selling that stock/currency/commodity etc etc. I'm not saying its completely priced in I said hence why that argument holds water. You can't seriously suggest that it's not already part of the market psychology when people are already talking about it and anticipating a price rise due to it. All speculators big and small are holding hoping for it to cause a price rise. It certainly doesn't mark the last time that btc inflation can be blamed for supply exceeding demand. How can you possibly say that. If the price rallies up to $10000 on a spike (remember on long term charts $1000+ was just a monthly spike) Then supply in $ terms could still easily outstrip demand. Don't forget not all mined coins are instantly sold, and all mined coins are part of inflation. My point being you can't possibly state what you're saying as fact. Saying it is priced in is meaningless in my humble opinion. It is just something people say. If the market simply knowing an event in advance means it is priced in then the 2020 halving is priced in too, right? You are right of course that if the price rallies up hugely then even 5% inflation could exert an effect. But the price is set by supply and demand and going forward the mining supply is going to become largely an irrelevence in comparison with the actual proportion of coins already in existence being used to set the price. I will just say that it is an exciting time to be in bitcoin. Well yeah the 2020 halving is also 'priced in'. Everyone knows the economy behind Bitcoin production and inflation. Knowing from the start when halvings in production are taking place and having a cap on the total money supply is why many people are here and why many speculators forsee an increase in price over time as long as new money >= coins wishing to be sold. As far as I'm concerned your biggest problem is with thinking that the only supply comes from mining. There are millions of coins out there that can be added to the supply side of the equation. There are single holders than can wipe the entire bid side from all exchanges if they so wished. Just considering mining supply is far too simplistic, and I'm certain if prices rise to ATH's and above there will be a lot of coins coming out of the woodwork. Don't take this as a bearish opinion overall just that blindly thinking halving = price rise and a continual price rise at that just doesn't seem logically sensible. On a side note I actually think price discovery in Bitcoin is really bad due to the amount of coins being held compared to the amount being traded but thats another matter all together. |
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hdbuck
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Merit: 1002
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July 22, 2015, 07:58:39 PM |
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On a side note I actually think price discovery in Bitcoin is really bad due to the amount of coins being held compared to the amount being traded but thats another matter all together.
aye, all exchanges together dont even reach 3 million btc volume-wise (30d) http://bitcoincharts.com/markets/where the 10 other millions???   talking about "price discovery" eh.. |
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ChartBuddy
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Activity: 2660
Merit: 2364
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July 22, 2015, 08:01:28 PM |
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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July 22, 2015, 08:26:46 PM |
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Well yeah the 2020 halving is also 'priced in'. Everyone knows the economy behind Bitcoin production and inflation. Knowing from the start when halvings in production are taking place and having a cap on the total money supply is why many people are here and why many speculators forsee an increase in price over time as long as new money >= coins wishing to be sold.
Yes, nothing happened after the first halving when the price was $9 because it was priced in. Nothing happened soon after that. Can't fight science. |
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