I got to thinking that not many people (myself included) actually realize how close we are to block reward halving.
The poll is when do you think people will wake up and realize bitcoins aren't going to be any easier to mine nor buy for that matter (at low prices)?
You are right my friend. Fucking right. I just cancelled my sell orders at 12, 14, 16.
I'm a miner and I've been waiting to sell for 6+ months, for the price to get to 12+. But you are right. 6 more months and the reward goes to 1/2. 1/2 as much BTC being sold by miners should reduce the downward pressure on the market.
The current price upswing seems to be real, on real support. When the selling rate goes down, then price should go even higher.
I've waited a long time to sell. I can wait a while longer.