Re: Halving Bitcoin Reward Unlikely to Cause Price Surge
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I'm not trying to argue that we *will* see a spike in price, rather, that the effect of a block reward halving is one of many factors that could contribute to higher prices. It's possible that expectations have overbid prices now and that, as a result, they'll actually fall. But, over the long term, prices should average higher with a reward of 25 than they would have with a block reward of 50.
I'm not trying to argue that we *will* see a spike in price, rather, that the effect of a block reward halving is one of many factors that could contribute to higher prices. It's possible that expectations have overbid prices now and that, as a result, they'll actually fall. But, over the long term, prices should average higher with a reward of 25 than they would have with a block reward of 50.
Since we're clearly not getting anywhere, how about some data to ponder? Here's Litecoin halvening, I think Aug. 26 is when it happened.
http://s32.postimg.org/xtvi2yzs5/Capture.png
Would you be able to point to Teh Halvening on the chart if not for the helpful vertical line?
Why did the price not go up, as the halvening faithful predicted?
Let's give analogies one more chance, let's imagine again.
The Princess (from our last game) issued a decree: "On Jan. 1, 2017, Princess Satolestia will buy all your Bit coins @ $10k/BTC."
Taking into account that you are the cunning and rational trader I know you to be, wat do?
Do you wait until Jan. 1, or do you start buying now?
If you chose to wait until Jan 1, why? If not, why?
While we have to imagine that Princess never lies, we can be 100% sure that Teh Halvening will happen, because algorithmically determined and maths. It's been announced back in 2009, and will surprise no one who cares
Bawww!
^Sorry ur platinum mad, bro, didn't mean to pop ur bubble.
Just go back 2 wat u waz doin' pl0x
http://opioids.com/images/opiumsmoker.jpg
@--Encrypted--: how many people actually use BTC "not just for trading"? How is LTC fundamentally different from BTC?
P.S. Feel free to play my game above, see boldface