Post
Topic
Board Speculation
Re: bitcoin prices jump to $600+ in...
by
richardsNY
on 15/05/2016, 18:08:48 UTC
Definitely a few weeks or so before it starts. If it doesn't happen and stays where it is then miners will be turning their systems off and the halving disaster we all feared for will begin. Creating a halving for the 25mil bitcoin limit while there is over 100mil wallets isn't really a lot of bitcoin which means we need to be going up in storage capacity, not slowing it down.

Nah i don't think so. The effect of the halving is zero like it was zero last time. Zero in the way it don't affect the price. For bitcoin standards the halving itself is an important thing.

Nearly the entire forum is dreaming about the potential price increase due to the block halving. I believe there will be some sort of a price increase but not as much as a lot people here are thinking. We can expect the price to increase $50 to $100 from the price right now, and nothing more.