Bitcoin halving

blackhat37 · Jun 25, 2016

It's a good time to invest in bitcoin, on July 16 the total bitcoin that will be able to be mined will drop in half. The last time this happened was back in 2012. Some people believe it may go up 10-20x it's current within the next 6 months. I don't think we'll see a rise like that but I'm sure it will go up significantly.

Happy mining/investing everyone. I wish you all the best.

Heisenberg · Jun 25, 2016

Whats the point of QR code? lol

blackhat37 · Jun 25, 2016

Heisenb0rg said:
Whats the point of QR code? lol

Just felt like putting it there. People can figure it out lol

agedaccs · Jun 25, 2016

http://www.coindesk.com/price/

Heisenberg · Jun 25, 2016

blackhat37 said:
Just felt like putting it there. People can figure it out lol

I'm guessing your bitcoin wallet adress? lawl

1morenoob · Jun 25, 2016

Don't have any. I'm not an exprt but I assume its not as simple as 'bitcoins halving so the price is going to go up'. That fact will already be accounted for in the price now. Ofcourse it could go up but just as likely to go down in my opinion

neilbhabuta · Jun 25, 2016

1morenoob said:
Don't have any. I'm not an exprt but I assume its not as simple as 'bitcoins halving so the price is going to go up'. That fact will already be accounted for in the price now. Ofcourse it could go up but just as likely to go down in my opinion

Price will definitely go up due to the demand for it bro... if there is less bitcoin there will be more demand meaning prices will rise... simple

1morenoob · Jun 25, 2016

neilbhabuta said:
Price will definitely go up due to the demand for it bro... if there is less bitcoin there will be more demand meaning prices will rise... simple

I really doubt that but then if a lot of people think thats how it works then that in itself will push the price up I guess

CazuaL · Jun 25, 2016

1morenoob said:
I really doubt that but then if a lot of people think thats how it works then that in itself will push the price up I guess

Supply goes down while the demand rises. Nothing to doubt, the price will rise.

blackhat37 · Jun 25, 2016

xbryan said:
http://www.coindesk.com/price/

Wait till July 16th.

1morenoob · Jun 25, 2016

We can't really 'wait and see' as if thats going to prove me wrong as I think it will be 50/50 whether it goes up or not. You all putting all your money in bitcoins then are you if its 100% certain to go up?

ibmethatswhoib · Jun 25, 2016

The halving is already priced in, with that said I still think it will go up though. I'm excited to see what happens with it, lot of big investors and startups getting into the space.

blackhat37 · Jun 26, 2016

1morenoob said:
We can't really 'wait and see' as if thats going to prove me wrong as I think it will be 50/50 whether it goes up or not. You all putting all your money in bitcoins then are you if its 100% certain to go up?

99% sure it will. Not all my money, just the money I'm willing to lose.

ibmethatswhoib said:
The halving is already priced in, with that said I still think it will go up though. I'm excited to see what happens with it, lot of big investors and startups getting into the space.

I think another bubble will be created around that time, where it will go up significantly and then go down slowly. It will ultimately continue going up in the long run.

toxic08 · Jun 26, 2016

People are afraid to go above 680 this week but I think Chinese will!

blackhat37 · Jun 26, 2016

toxic08 said:
People are afraid to go above 680 this week but I think Chinese will!

There is a cap for total bitcoin, as more people get into it the price will only go up. Not only that but the power to mine it will be doubled after July 16.

toxic08 · Jun 26, 2016

blackhat37 said:
There is a cap for total bitcoin, as more people get into it the price will only go up. Not only that but the power to mine it will be doubled after July 16.

I totally know about the total cap of bitcoin, investors and halvings.

What I mean is this current week, last week's price is $700+ but oversell this week and almost afraid to go beyond that price point. 1 Bitcoin rises from $400 to $700 less than a month. (but it's completely normal if you follow the candles).

speeder33 · Jun 27, 2016

The knowledge that it will half is well known, this fact is priced into the current price. However, people may underestimate how much the supply v demand will change so it may have room to grow...

blackhat37 · Jul 4, 2016

speeder33 said:
The knowledge that it will half is well known, this fact is priced into the current price. However, people may underestimate how much the supply v demand will change so it may have room to grow...

I'm guessing we'll see a pricing bubble. Probably the best time to sell.

blogzandstuff · Jul 4, 2016

i read that China now controls bitcoin http://www.nytimes.com/2016/07/03/business/dealbook/bitcoin-china.html?_r=0

blackhat37 · Jul 5, 2016

Not all that surprised that they are holding the biggest piece of the pie.

Bitcoin halving

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