gentlemand
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Activity: 2604
Merit: 3089
Welt Am Draht
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July 22, 2015, 08:28:34 PM |
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Give it twenty years and all those dickheads with their shiny new iBrains will suddenly start writing wills to hackers and topping themselves before we know what's hit us. |
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Fatman3001
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Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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July 22, 2015, 08:37:41 PM |
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Things don't look good.
I'll try, but I don't know if it will help.  |
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ChartBuddy
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Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 22, 2015, 09:01:24 PM |
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Morecoin Freeman
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July 22, 2015, 09:02:58 PM |
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Things don't look good.
In my opinion things look very good for the bulls. Support at ~275 is holding strong. I'm slowly accumulating more coins as we speak.  |
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Erdogan
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Activity: 1512
Merit: 1005
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July 22, 2015, 09:10:13 PM |
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Is this right ? Porn were first real mass adopters of VHS, DVD and Internet technology And postcards. In the beginning of the VCR, a friend of mine bought one, and the reaction from his mother in law was: Do you really want that filth in your house? |
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Erdogan
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Activity: 1512
Merit: 1005
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July 22, 2015, 09:15:13 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. The supply is the coins on offer from people who want to hold less. |
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prodigy8
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July 22, 2015, 09:21:34 PM |
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What do you suggest now? Buy or sell  ? I would suggest staying there where you are not selling and not buying, not a good time. |
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Torque
Legendary
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Activity: 3822
Merit: 5504
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July 22, 2015, 09:34:00 PM |
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What do you suggest now? Buy or sell ? I would suggest staying there where you are not selling and not buying, not a good time. Right, because consumer adoption always increases when no one buys.  |
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ChartBuddy
Legendary
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Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 22, 2015, 10:03:11 PM |
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BrewCrewFan
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July 22, 2015, 10:58:34 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. I dont know if that was sarcasm or not but I will side with not. very few people gave a shit about BTC when it was 9 bucks bud. When you could mine tons with just a cpu... yeah. |
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dreamspark
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July 22, 2015, 10:58:36 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. Explainable by demand (new money >= coins wishing to be sold), not necessarily a direct result of the halving. The point being you still need new money coming in to be greater than the value of the coins wishing to be sold regardless of mining amount. Saying supply halving MUST mean price increase is not true. |
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BrewCrewFan
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July 22, 2015, 10:59:41 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. Explainable by demand (new money >= coins wishing to be sold), not necessarily a direct result of the halving. The point being you still need new money coming in to be greater than the value of the coins wishing to be sold regardless of mining amount. Saying supply halving MUST mean price increase is not true. If we did not have new money coming in then the price would be zero. IMO, if it even sniffed 100 bucks I would take a chance a buy a good amount of coin myself. |
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ChartBuddy
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Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 22, 2015, 11:02:14 PM |
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findftp
Legendary
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Activity: 1022
Merit: 1012
Delusional crypto obsessionist
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July 22, 2015, 11:14:49 PM |
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Trending up again?
Yes, it just went up 3 cents... |
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Morecoin Freeman
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July 22, 2015, 11:17:56 PM |
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Trending up again?
Yes, it just went up 3 cents... Amazing! I knew it. |
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Greendragon
Member
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Activity: 70
Merit: 10
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July 22, 2015, 11:24:27 PM |
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ALL DAY HIGH!!!!!!  |
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JimboToronto
Legendary
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Activity: 4452
Merit: 5739
You're never too old to think young.
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July 23, 2015, 12:26:45 AM |
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Wherefore art thou Chartbuddy?
You're late. AWOL?
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Karpeles
Legendary
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Activity: 1162
Merit: 1000
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July 23, 2015, 12:31:12 AM
Last edit: July 23, 2015, 01:01:37 AM by Karpeles |
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Wherefore art thou Chartbuddy?
You're late. AWOL?
Even bots need some rest |
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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July 23, 2015, 12:43:56 AM |
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Wherefore art thou Chartbuddy?
You're late. AWOL?
Even bots needs some rest ^^Best quip I've read in days.^^  Well done Mark. |
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