|
Coinshot
|
 |
September 30, 2014, 01:41:48 AM |
|
looking forward to 2017 to see what happens, i remember the halving that occurred in 2013.
halving is scheduled for 2016 actually, the price will rise for sure You mean it will stop falling at a lesser rate. The mining each day is generating new coins which is putting selling pressure. It will not magically rise when the new coins is reduced. Its priced by the market well ahead so it will not have much effect. |
|
|
|
|
|
|
|
|
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
Traffic4u
|
|
October 01, 2014, 03:40:11 AM |
|
looking forward to 2017 to see what happens, i remember the halving that occurred in 2013.
halving is scheduled for 2016 actually, the price will rise for sure You mean it will stop falling at a lesser rate. The mining each day is generating new coins which is putting selling pressure. It will not magically rise when the new coins is reduced. Its priced by the market well ahead so it will not have much effect. I think what he is trying to say is that the market today is priced at a level that has a certain amount of net supply (3,600 BTC per day newly mined) that are sold (not all the 3.6k BTC are sold) every day. When the block subsidy halves then there will be less bicoin being sold on the market, but in theory a constant amount of demand |
|
|
|
|
|
arvindr
|
|
October 01, 2014, 04:26:56 AM |
|
Even when the block reward halves, the cost of mining will go up significantly, which will cause miners to find other ways, and stop mining bitcoins, and this might increase the prices further.
|
|
|
|
Ayers
Legendary
 Offline
Activity: 2604
Merit: 1023
Leading Crypto Sports Betting & Casino Platform
|
|
October 01, 2014, 06:42:32 AM |
|
looking forward to 2017 to see what happens, i remember the halving that occurred in 2013.
halving is scheduled for 2016 actually, the price will rise for sure You mean it will stop falling at a lesser rate. The mining each day is generating new coins which is putting selling pressure. It will not magically rise when the new coins is reduced. Its priced by the market well ahead so it will not have much effect. if the block halve and the demand stay the same as today(i doubt it, in the sense that the demand will increase) the price can only go up, and the problem aren't the miners(their dumping is "fixed"), the problem are the buyers |
|
|
|
|
fewcoins
|
|
October 01, 2014, 08:26:01 AM |
|
We'll all be dead when that happens, who cares. Anticipating future problems and thinking ahead is dumb. It's better to just do things blindly without thinking about the consequences.
Legit, but how do I get rich NOW then? You won't get rich now or later! Bitcoin is not a get rich quick scheme, sorry |
|
|
|
|
|
Coinshot
|
|
October 01, 2014, 12:54:05 PM |
|
looking forward to 2017 to see what happens, i remember the halving that occurred in 2013.
halving is scheduled for 2016 actually, the price will rise for sure You mean it will stop falling at a lesser rate. The mining each day is generating new coins which is putting selling pressure. It will not magically rise when the new coins is reduced. Its priced by the market well ahead so it will not have much effect. if the block halve and the demand stay the same as today(i doubt it, in the sense that the demand will increase) the price can only go up, and the problem aren't the miners(their dumping is "fixed"), the problem are the buyers The sellers are outnumbering buyers now. The daily inflation means there is need of new cash everyday just to hold still. The downward pressure will reduce when it halves, but it will still remain. |
|
|
|
|
fewcoins
|
|
October 01, 2014, 04:09:30 PM |
|
looking forward to 2017 to see what happens, i remember the halving that occurred in 2013.
halving is scheduled for 2016 actually, the price will rise for sure You mean it will stop falling at a lesser rate. The mining each day is generating new coins which is putting selling pressure. It will not magically rise when the new coins is reduced. Its priced by the market well ahead so it will not have much effect. if the block halve and the demand stay the same as today(i doubt it, in the sense that the demand will increase) the price can only go up, and the problem aren't the miners(their dumping is "fixed"), the problem are the buyers The sellers are outnumbering buyers now. The daily inflation means there is need of new cash everyday just to hold still. The downward pressure will reduce when it halves, but it will still remain. Exactly!!! Thanks for confirming not everyone here is a permabull scammer... The people interested in Bitcoin are already in it! Holding their coins! There is no new money coming in and miners are producing $1.8m in bitcoin PER DAY EVERY DAY, It will never stop or slow down. When do you see that much money coming into BTC daily??? Probably around when the last bitcoin is set to be mined & right before all the miners shut off their machines since mining no longer has a reward for them why would they run these machines & pay electricity just to keep the network running??? I think everyone will cash out long before the last bitcoin is mined anyway. |
|
|
|
|
|
waterpile
|
|
October 02, 2014, 06:14:20 AM |
|
Exactly!!! Thanks for confirming not everyone here is a permabull scammer... The people interested in Bitcoin are already in it! Holding their coins! There is no new money coming in and miners are producing $1.8m in bitcoin PER DAY EVERY DAY, It will never stop or slow down. When do you see that much money coming into BTC daily??? Probably around when the last bitcoin is set to be mined & right before all the miners shut off their machines since mining no longer has a reward for them why would they run these machines & pay electricity just to keep the network running???
I think everyone will cash out long before the last bitcoin is mined anyway.
if the price goes down, people tend to buy more coz its cheap and if its cheap the average person can afford it. In my opinion it is better if its cheap its more user friendly |
|
|
|
|
|
fewcoins
|
|
October 03, 2014, 07:33:44 AM |
|
Exactly!!! Thanks for confirming not everyone here is a permabull scammer... The people interested in Bitcoin are already in it! Holding their coins! There is no new money coming in and miners are producing $1.8m in bitcoin PER DAY EVERY DAY, It will never stop or slow down. When do you see that much money coming into BTC daily??? Probably around when the last bitcoin is set to be mined & right before all the miners shut off their machines since mining no longer has a reward for them why would they run these machines & pay electricity just to keep the network running???
I think everyone will cash out long before the last bitcoin is mined anyway.
if the price goes down, people tend to buy more coz its cheap and if its cheap the average person can afford it. In my opinion it is better if its cheap its more user friendly That's why this thing is going down to forex levels again... This is a longterm downtrend |
|
|
|
|
|
Asrael999
|
|
October 03, 2014, 07:45:35 AM |
|
Exactly!!! Thanks for confirming not everyone here is a permabull scammer... The people interested in Bitcoin are already in it! Holding their coins! There is no new money coming in and miners are producing $1.8m in bitcoin PER DAY EVERY DAY, It will never stop or slow down. When do you see that much money coming into BTC daily??? Probably around when the last bitcoin is set to be mined & right before all the miners shut off their machines since mining no longer has a reward for them why would they run these machines & pay electricity just to keep the network running???
I think everyone will cash out long before the last bitcoin is mined anyway.
if the price goes down, people tend to buy more coz its cheap and if its cheap the average person can afford it. In my opinion it is better if its cheap its more user friendly Yes because I have to buy whole bitcoins don't I? Quick short gold because I have to buy it in whole ingots. |
|
|
|
|
|
Oscilson
|
|
October 03, 2014, 09:18:26 AM |
|
Yes because I have to buy whole bitcoins don't I? Quick short gold because I have to buy it in whole ingots.
You do not have to buy whole bitcoin. You can buy 0.1, 0.001 bitcoin. |
|
|
|
|
|
Coinshot
|
|
October 03, 2014, 08:09:00 PM |
|
Yes because I have to buy whole bitcoins don't I? Quick short gold because I have to buy it in whole ingots.
You do not have to buy whole bitcoin. You can buy 0.1, 0.001 bitcoin. Serious guy, eh? The sarcasm flew over your head? |
|
|
|
|
Oscilson
|
|
October 03, 2014, 08:47:44 PM |
|
Yes because I have to buy whole bitcoins don't I? Quick short gold because I have to buy it in whole ingots.
You do not have to buy whole bitcoin. You can buy 0.1, 0.001 bitcoin. Serious guy, eh? The sarcasm flew over your head? Do you mean I should not answer that "whole bitcoin" quenstion?  |
|
|
|
|
a447513372
Sr. Member
Offline
Activity: 336
Merit: 250
DLISK - Next Generation Coin
|
|
October 04, 2014, 06:52:51 AM |
|
Exactly!!! Thanks for confirming not everyone here is a permabull scammer... The people interested in Bitcoin are already in it! Holding their coins! There is no new money coming in and miners are producing $1.8m in bitcoin PER DAY EVERY DAY, It will never stop or slow down. When do you see that much money coming into BTC daily??? Probably around when the last bitcoin is set to be mined & right before all the miners shut off their machines since mining no longer has a reward for them why would they run these machines & pay electricity just to keep the network running???
I think everyone will cash out long before the last bitcoin is mined anyway.
if the price goes down, people tend to buy more coz its cheap and if its cheap the average person can afford it. In my opinion it is better if its cheap its more user friendly False. If someone is buying bitccoin because they want to buy a dell computer more efficiently then as if they were using a credit card then they would buy $250 (or however much the computer they are buying costs) worth of bitcoin and then send such an amount to dell via coinbase. The price of bitcoin does not affect this |
|
|
|
|
cutesakura
|
|
October 06, 2014, 01:10:56 PM |
|
if all the blocks in the bitcoin mining by miners, the bitcoin price will be higher, this is caused by eating less and less goods market will be more expensive goods, whereas if bitcoin more and more in the market, then it will be more expensive the price of bitcoin, bitcoin prices also depending on the number of people who use bitcoin as a means of transaction ...  |
|
|
|
|
topman21
Legendary
Offline
Activity: 1176
Merit: 1056
|
|
October 06, 2014, 03:18:23 PM |
|
I think it is because too much miners productivity caused too much supply and price is keep moving down with long downtrend in weekly chart and monthly chart as well.
|
| .
SECONDLIVE | | | │ | | | | | | │ | | | | ▄▄███████▄▄▄
▄▄████████████████▄▄
██████████████████████▄
████████▀▀▀██████████████
███████▌ ▀█████████████
████████▀ ▀▀▄▄██▀▀▀██████████
███████ ▀████████
███████▄ ████████
████████▄▄ ▄████████
███████████▄▄▄▄██████████
▀█████████████████████▀
▀████████████████▀▀
██████████████████████ |
|
|
|
|
fewcoins
|
|
October 06, 2014, 03:51:10 PM |
|
I think it is because too much miners productivity caused too much supply and price is keep moving down with long downtrend in weekly chart and monthly chart as well.
Long isn't the word when you talk about this downtrend... It has been going on all year & look its it will continue much much longer than that |
|
|
|
|
Business
Newbie
Offline
Activity: 37
Merit: 0
|
|
October 06, 2014, 03:53:44 PM |
|
When all bitcoins get mined, miners will keep working in the transactions. They will win with the fees.  |
|
|
|
|
pitham1
Legendary
Offline
Activity: 1232
Merit: 1000
|
|
October 07, 2014, 07:07:18 AM |
|
When all bitcoins get mined, miners will keep working in the transactions. They will win with the fees. None of us will live to see what happens when all the bitcoins are mined. |
|
|
|
|
fewcoins
|
|
October 09, 2014, 10:39:50 PM |
|
When all bitcoins get mined, miners will keep working in the transactions. They will win with the fees. None of us will live to see what happens when all the bitcoins are mined. We will be around for a new all time low that's for sure... Hopefully the round will blast us far away from this zone!! |
|
|
|
|
|
