are you all watching?

[silverbox]

The reward drop is definitely not fully priced in yet. In part it is, of course, but not fully. It will become priced in once the reward drop starts to be the #1 talking point in the community. So perhaps a couple of months before the drop. Late Summer at the earliest, probably early Autumn.

More than anything, the reward drop is going to affect miners. Who cares if you have a bunch of BTC you're holding and suddenly they're not created as quickly? But if you're out digging for gold and finding 1BTC per day for a year and suddenly you start to find 0.5BTC per day, your potential to earn money after paying for electricity just got killed. I suspect we will see network hash rate take a major dive following the drop -- I know I'll be shutting down unless price goes up or the number of people mining drops substantially (e.g. difficulty goes down).

won't this open the network to be easily taken over by a 51% attack:S

Probably not.

[miscreanity]

It's only Friday. Doesn't the big news always happen on Fridays and weekends (versus the bombast on Mondays to Wednesdays) ?

Spain to Request EU Bank Aid Soon: ECB Official (over the weekend)

[fcmatt]

this is it boys this is the start of the epic rise in value!

we are moving up to 8$ b4 the end of next week, mark my words

marked.

5.62 isn't quite $8...

5.62 was good enough for me to start selling. I decided to let 20 BTC go and collect the USD.
I will keep selling as the price goes up. Naturally I am a miner but I have held off selling for a
while in anticipation of this type of rise.

[adamstgBit]

this is it boys this is the start of the epic rise in value!

we are moving up to 8$ b4 the end of next week, mark my words

marked.

5.62 isn't quite $8...

5.62 was good enough for me to start selling. I decided to let 20 BTC go and collect the USD.
I will keep selling as the price goes up. Naturally I am a miner but I have held off selling for a
while in anticipation of this type of rise.

how many coins you got?

[_mr_e]

this is it boys this is the start of the epic rise in value!

we are moving up to 8$ b4 the end of next week, mark my words

marked.

5.62 isn't quite $8...

5.62 was good enough for me to start selling. I decided to let 20 BTC go and collect the USD.
I will keep selling as the price goes up. Naturally I am a miner but I have held off selling for a
while in anticipation of this type of rise.

how many coins you got?

*dr evil* One hundred billion!!!

[notme]

how many coins you got?

*dr evil* One hundred billion!!!

So 476190.476% of all the bitcoins there will ever be...

[adamstgBit]

this is it boys this is the start of the epic rise in value!

we are moving up to 8$ b4 the end of next week, mark my words

marked.

5.62 isn't quite $8...

well i called this rally on may 29th ~5.10$/BTC
and its not over yet, my prediction still has till sunday to be proven false  

[weex]

New supply halves and demand stays the same (maybe even increases with the reward drop publicity). I say the price will go up at that time...but will it double?

[miscreanity]

CampBX just shot to $7.24/BTC on low volume.

[proudhon]

CampBX just shot to $7.24/BTC on low volume.

WTF?  Who spent that much on coins they could have bought for so much less?

[beckspace]

Low volume.

2 bitcoins sold for US$ 7.24 inside US.

42 BTC for US$ 5.99 each.

And 16.55 BTC for US$ 6.99.

[adamstgBit]

still kinda funny

[proudhon]

Low volume.

2 bitcoins sold for US$ 7.24 inside US.

42 BTC for US$ 5.99 each.

And 16.55 BTC for US$ 6.99.

Still, even considering the fees of transferring money around, he could have gotten a much better deal.

[proudhon]

and its not over yet, my prediction still has till sunday to be proven false  

Or we can call the obvious now.  We've reached a top, and at the very least the market is going to rest for a while, but I suspect we're going to see more people sell and take profits because the liquidity is there.

[cypherdoc]

and its not over yet, my prediction still has till sunday to be proven false  

Or we can call the obvious now.  We've reached a top, and at the very least the market is going to rest for a while, but I suspect we're going to see more people sell and take profits because the liquidity is there.

Have you bought in yet?

[notme]

and its not over yet, my prediction still has till sunday to be proven false  

Or we can call the obvious now.  We've reached a top, and at the very least the market is going to rest for a while, but I suspect we're going to see more people sell and take profits because the liquidity is there.

Have you bought in yet?

Oh, proudhon's been holding for a while now.

[miscreanity]

Or we can call the obvious now.  We've reached a top, and at the very least the market is going to rest for a while, but I suspect we're going to see more people sell and take profits because the liquidity is there.

Have you bought in yet?

Oh, proudhon's been holding for a while now.

I still don't understand what's going on here.  Ok, so I've got 500BTC I'm willing to play with.  What's next?

[proudhon]

and its not over yet, my prediction still has till sunday to be proven false  

Or we can call the obvious now.  We've reached a top, and at the very least the market is going to rest for a while, but I suspect we're going to see more people sell and take profits because the liquidity is there.

Have you bought in yet?

notme is right.  I put all the money I had in the various exchanges back into bitcoin some time ago.  Most of it is in offline wallets.  I just bought 40 more BTCs on MtGox yesterday to play with at GLBSE.  I haven't done anything with GLBSE and decided it was time to take a look.

[Realpra]

New supply halves and demand stays the same (maybe even increases with the reward drop publicity). I say the price will go up at that time...but will it double?

I think so, then higher yet and then collapse back down to the doubling. Something like that anyway.

[bulanula]

New supply halves and demand stays the same (maybe even increases with the reward drop publicity). I say the price will go up at that time...but will it double?

I think so, then higher yet and then collapse back down to the doubling. Something like that anyway.

SolidCon proved this to be true.

I am cashing out at $10 for sure !