Post
Topic
Board Speculation
Re: Multiplying the price by 10 after each halving, is it right ?
by
ThatDGuy
on 12/08/2015, 19:05:39 UTC
If you're not a miner, the halving shouldn't have much effect.  14.5 million of 21 million bitcoins have already been mined. Everybody knows this event is coming, so it should already be priced in.


I don't believe that "it should already be priced in" is true.  Going from 3600 new coins produced every day to 1800 is pretty dramatic, and 2012-2013 showed just what kind of effect on price that halving can have when we went from 7200/day to 3600/day.

I also don't think that 2013's two insane bubbles were driven by halving alone, but it definitely played a part, and it will play a part in the supply and demand of 2015/2016/2017 as well.