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Bitcoin halving

Discussion in 'CryptoCurrency' started by blackhat37, Jun 25, 2016.

?

How much btc did you invest in?

  1. 0-0.01

    5 vote(s)
    26.3%
  2. 0.01-0.99

    3 vote(s)
    15.8%
  3. 1-10

    9 vote(s)
    47.4%
  4. 11-25

    2 vote(s)
    10.5%
  5. 26+

    0 vote(s)
    0.0%
  1. blackhat37

    blackhat37 Junior Member

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    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.

    [​IMG]

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

    Heisenberg Power Member

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    Whats the point of QR code? lol
     
  3. blackhat37

    blackhat37 Junior Member

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

    xbryan Senior Member

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  5. Heisenberg

    Heisenberg Power Member

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    I'm guessing your bitcoin wallet adress? lawl
     
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  6. 1morenoob

    1morenoob BANNED BANNED

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    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
     
  7. neilbhabuta

    neilbhabuta Elite Member

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    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
     
  8. 1morenoob

    1morenoob BANNED BANNED

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    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
     
  9. CazuaL

    CazuaL Elite Member

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    Supply goes down while the demand rises. Nothing to doubt, the price will rise.
     
  10. blackhat37

    blackhat37 Junior Member

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  11. 1morenoob

    1morenoob BANNED BANNED

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    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?
     
  12. ibmethatswhoib

    ibmethatswhoib Elite Member

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    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.
     
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  13. blackhat37

    blackhat37 Junior Member

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

    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.
     
  14. toxic08

    toxic08 Regular Member

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    People are afraid to go above 680 this week but I think Chinese will!
     
  15. blackhat37

    blackhat37 Junior Member

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    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.
     
  16. toxic08

    toxic08 Regular Member

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    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).
     
  17. speeder33

    speeder33 Junior Member

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    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...
     
  18. blackhat37

    blackhat37 Junior Member

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

    blogzandstuff Elite Member

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  20. blackhat37

    blackhat37 Junior Member

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