Quote from: notlist3d on March 16, 2016, 05:59:19 PM

Quote from: tertius993 on March 16, 2016, 05:04:49 PM

Quote from: notlist3d on March 14, 2016, 10:27:21 PM

Quote from: Wilhelmus on March 14, 2016, 06:42:07 PM

Quote from: notlist3d on March 13, 2016, 07:21:51 PM

Quote from: Wilhelmus on March 13, 2016, 06:38:19 PM

Quote from: SFR10 on March 13, 2016, 07:36:17 AM

You could go with an Antminer S5 in which you could purchase 2nd hand of those in this forums computer and hardware section. It requires 590 watts from the wall. The sad thing is, your not going to make much but if you start right away, you could get back your investment just before the halving (assuming you got it for a good price) and anything after that would be profit.

What he could also do would be to buy bitcoins with his local currency, then buy the miner with the bitcoins. This way what the miner would have cost him in fiat money is stable, and he will be able to profit from the price increase that has 99% of chances to happen after or just before the halving.

It would cost fiat though .... "local currency" if fiat money (in almost all cases) and he buys coins with it. That just means buying BTC with fiat instead of miner with fiat. But really it does not make that big of difference as either way he is spending fiat to get a miner in this case.

Also having there is not guarantee of increase. We hope and speculate it's there. But it's no 99 percent sure thing, investors know about it now so it's not like it will sneak up on them.

When I studied Economy, one of the first thing we learnt was that if the supply get reduced and the demand stay the same or drop a little, the price increase. The price of a Bitcoin is the price of how much it costs to produce. If you get two time less coins, price should get doubled, but you have to think that some mining farms will close. To don't have a price increase, you need that at least half of the mining farms close their doors after the halving. It may even be more but I won't do complex calculations here.

I can pretty much promise your Econ101 did not cover crypto currency. Bitcoin there are more coins every day when blocks are found. Yes there is a supply and a demand.

BUT btc is determined by the free market of investors on what its worth. So having in coins does not mean you get double price for btc coins. Look at difficulty we almost haved since January as far as difficulty going up. Did coin price follow and go up with it.... no not to that extent.

Plus the supply of bitcoins will not "halve"; the rate of increase will halve. All the bitcoins in existence today will still be there. It is not like a consumable item (food or electricity for example) where a halving of the supply would have a demonstrable impact. I'd be happy to be proved wrong but I really doubt if there will be a significant price increase at the halving.

I'm not sure it was not part troll after re-reading it. Almost has a bit trolling or someone is just not as seasoned as they thought.

If you look since January we have almost haved in due to difficulty.... did we get a jump of 2x .... no. It just is not that simple on btc value it is very hard to speculate. But all investors know about having so again nothing is going to sneak up on us.

I speculate we see some increase before, but I don't see double due to "supply".

I said that Bitcoin's price could potentially double for the halving, not that it will. I personally plan that the price will be around 600$, but mainly due to hype than the reduction of the supply. However, you are right, that it isn't a consummed product, and as simple as it is, I did not take this in account.