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Re: 2016, The Year of Bitcoin?
by
Coogan
on 23/11/2015, 16:00:40 UTC
will not be much different from 2015, it took the shocking news in 2016 that bitcoin prices will rise

how about block halving ?

Yeah but I'm not sure for it, how the effect block halving of the price of bitcoin?
yah really important?

Nobody will know until it happens but less bitcoins that are available should equals a higher price but only if demand outstrips supply.

i think that 2016 will be an important year in Bitcoin life because in which the halving will happened which i hope that will affect the price positively as the supply will decline
I expect the same in Bitcoin. It should reflect next year's price of bitcoin and because of market time and festival time making Bitcoin rate very low nowadays. But I hope this should move and bitcoin's value should go to high price as soon as possible. then only my savings will help me.

I think people are expecting too much from the block halving though it's understandable and gives people some hope. For it to have a significant impact on the price bitcoin needs to have strong demand before it happens so bitcoins become even rarer and therefor pushing the value up.