makeacake
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November 17, 2015, 01:51:08 AM |
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There's not a single hint of evidence in these "news" anyway. That's just pure manufactured FUD. Seriously, stop wasting your time with these websites.
Right. Gubermint lies spread by their jackbooted Jewish lackeys of the mainstream media  MSM? Cryptocoinnews newsBTC Network World  To not even know how all bitcoin news outlets are run by mainstream media lying Jews |
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Dotto
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Activity: 981
Merit: 1005
No maps for these territories
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November 17, 2015, 01:52:44 AM |
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The extreme opposite viewpoint is that there is demand for 25BTC/block * 6block/hr * 24hr/day * $320/BTC = $1,152,000 worth of BTC per day. This $1.15 M demand may stay the same across the halving. This would indicate an equal value. In such a case, the new equilibrium price would be $640.
Granted, the truth will likely be somewhere in between.
Of course, I am of the opinion that BTC is drastically undervalued today. But that's just, like, my opinion, man.
No way is the price going to double at the point of the having though. It will climb in the leadup to the halving which will result in more hashing power being brought online which will cause the difficulty to increase. Now, it's possible that the price will climb enough, faster than hashing power is added that there will be enough profit to not encourage miners to switch off and there may be some other factors as well but there's nothing solid. also what most people don't know is, the current price always contains ALL information currently available. This includes the next reward halving, the current possibility of mass adoption, the current possibility of current total failure etc. etc. The price does not reflect the current price of something it is always reflects the speculation of future prices which drives it. This is the same for all Forex / Commodities / Stock-Markets... Halving is just a reason to be a reason to pump&dump BTC just like it happened everytime at the altcoin market / btc / ltc halving in the past. Well no, not true, the possibility of bitcoin blowing up before the halving is also priced in. As is China banning bitcoins tomorrow, or NSA cracking crypto, or Satoshi coming back and starting dumping his stash etc, etc, etc. This is still a low cap asset so at this stage as we see by high volatility short term events have much greater impact on the price. (Arguably) BTC's future is still uncertain. So everyday that passes where BTC doesn't spontaneously combusts and holds value is another negatively priced event that's chipped off. If satoshi just moves 1 BTC from his account... even one mili, it could be the apocallipse, the armageddon. The bearist movement of all times. You can count that only will exist 20M bitcoins or none. |
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ssmc2
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Activity: 2002
Merit: 1040
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November 17, 2015, 01:56:54 AM |
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BOOM!
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Dotto
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November 17, 2015, 01:57:12 AM |
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We are going nord... bears sweating. Life is good.
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BitChick
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Activity: 1148
Merit: 1001
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November 17, 2015, 01:57:44 AM |
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Ummmm. So what is up with the purchase of thousands of coins at once?
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BlindMayorBitcorn
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Activity: 1260
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November 17, 2015, 01:57:52 AM |
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Ok. Back on topic, people!  |
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ssmc2
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November 17, 2015, 01:58:46 AM |
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Ummmm. So what is up with the purchase of thousands of coins at once?
Just like the other day, someone wants coins and is not fucking around.  This is just the beginning. |
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BitChick
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Activity: 1148
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November 17, 2015, 01:59:42 AM |
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Ummmm. So what is up with the purchase of thousands of coins at once?
Just like the other day, someone wants coins and is not fucking around. This is just the beginning. I only wish I had that kind of capital to play around with. Can you imagine? |
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Cconvert2G36
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November 17, 2015, 02:00:21 AM |
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hory shet
it really is a pump on all exchanges at once.
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ssmc2
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Activity: 2002
Merit: 1040
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November 17, 2015, 02:00:26 AM |
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He/They are letting us know just how quickly they can initiate the TSUNAMI.
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ChartBuddy
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 Online
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 17, 2015, 02:01:18 AM |
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BitChick
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November 17, 2015, 02:01:51 AM |
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He/They are letting us know just how quickly they can initiate the TSUNAMI.
They can keep it going if they like. I really don't mind.  |
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ImI
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November 17, 2015, 02:02:38 AM |
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wtf?!  |
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ssmc2
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November 17, 2015, 02:03:03 AM |
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He/They are letting us know just how quickly they can initiate the TSUNAMI.
They can keep it going if they like. I really don't mind. Agreed! hahaa |
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Dotto
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November 17, 2015, 02:04:46 AM |
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BREAKING THROUGH
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yefi
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November 17, 2015, 02:05:08 AM |
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By the power of Grayskull! 3000 BTC order to rip apart that evil sell-side orderbook!
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ssmc2
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November 17, 2015, 02:06:04 AM |
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And yet our resident bears still believe we're going to low 200's and below. LMAO.
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Auxi
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November 17, 2015, 02:06:47 AM |
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MatTheCat
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November 17, 2015, 02:07:09 AM |
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By the power of Grayskull! 3000 BTC order to rip apart that evil sell-side orderbook!
Once again, totally unpredictable because the market has been moved by just one set of hands on Stamp. |
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Dotto
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November 17, 2015, 02:07:25 AM |
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Poll
