Ninjastic
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Board Mining speculation
Re: 67 Weeks Until...
by
Bitsaurus
on 15/04/2015, 05:53:53 UTC
Quote from: ThomasCrowne on April 15, 2015, 04:52:45 AM
Quote from: Stratobitz on April 14, 2015, 05:32:00 AM
Quote from: crazyivan on April 14, 2015, 05:27:22 AM
So, all in all, without major technological breakthrough, mining s dead. Without major price increase, BTC economy s dead.
I really hope not.

It is unquestionable:  The block halving event will cause major disruption and volatility within the bitcoin markets; and mining atmosphere. There is no question about it.  Fear/Panic will likely take hold months before. After any sort of major price drop or difficulty drop - greed will then settle in - and then a tug of war between both.

This will not all happen in 67 weeks... it will begin long before. It's not a secret, so the effect the halving has will be factored into the event's repercussions long in advance.

Strato
I agree with Stratobitz on this point.  I have a feeling the 'smart' players will likely begin dumping equipment (slowly at first and gradually picking up the pace) up to 3 months before the actual halving.

We've already gone through this before. Only things like Silk Road seizure, fork 4.0, and LTC on Gox create fear  Wink