Quote from: Wary on August 26, 2015, 02:33:18 AM

Quote from: masterluc on August 26, 2015, 12:04:17 AM

Quote from: Wary on August 25, 2015, 10:53:53 PM

Quote from: masterluc on August 25, 2015, 01:12:31 PM

If I am right and price will leave bearish market in 2012 style, then we will have one-two years more of sideways.

The halving is in less than a year. It should get us out of the sideways channel.

Price already in range since Jan 2015 - it is fucking our brains. While speculators want volatility, Bitcoin wants a calm.

I agree with it, but I was talking not of what we want, but what will happen. If influx of dollars into bitcoin system is the same and reward is halved, the price will double. The sideways channel is 200-300, therefore the doubled price will be around 400-600. I don't know if this will trigger a rally, but in any case it would be way above of the current sideways channel.

I call this "The Halving Fallacy"!

Halving has no immediate influence on price. Markets aren't stupid - they price in things ahead. Like they are pricing in a possible hard fork in 2016 -NOW!