Prediction: $800 by April

[mjsbuddha]

im holding my btc until the next block reward halving.

why? price didn't jump last time. with a daily exchange volume in hundreds of thousands of coins, newly mined coins make up like 2% of the daily volume. Mining rewards are just to small a percentage to effect price much.

Didn't the last halving happen in December 2012?  April 2013 wasn't too far after that.

Granted, there were other things going on, but I absolutely think that reward halving has an effect - even if it's largely psychological at first.

You are saying the price halving resulted in a price spike 1/3rd of a year later? lol

[chriswilmer]

MTGOX shutdown is like a Silk Road shutdown from last october.

I have a feeling you're right...

[mjsbuddha]

MTGOX shutdown is like a Silk Road shutdown from last october.

I have a feeling you're right...

except gox was way more important to the average btc user then silk road was.

[chriswilmer]

MTGOX shutdown is like a Silk Road shutdown from last october.

I have a feeling you're right...

except gox was way more important to the average btc user then silk road was.

The point is that in a "catastrophe" the strongest hands that will eventually sell... sell. So, in the aftermath, you've shaken out everybody who was nervous about Bitcoin's future and there's no more room to go but up.

[ThatDGuy]

im holding my btc until the next block reward halving.

why? price didn't jump last time. with a daily exchange volume in hundreds of thousands of coins, newly mined coins make up like 2% of the daily volume. Mining rewards are just to small a percentage to effect price much.

Didn't the last halving happen in December 2012?  April 2013 wasn't too far after that.

Granted, there were other things going on, but I absolutely think that reward halving has an effect - even if it's largely psychological at first.

You are saying the price halving resulted in a price spike 1/3rd of a year later? lol

No.  I'm saying that it was one contributing factor of many.  Bitcoin events do not occur in a vacuum.