Quote from: mirakal on June 23, 2016, 07:43:12 AM

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Quote from: BitAficionado on June 16, 2016, 05:40:39 PM

Quote from: CoinSiteDesigner on June 16, 2016, 03:35:23 PM

$740 right now. Btw, what's halving? (Is it holding?)

No it's not holding at all. Halving is the period of time when mining reward gets divided by 2, as of current reward 25 which will be 25/2=12.5 after halving.

Instead of getting my question solved, I find it difficult and I'm more confused now Tongue

You don't need to get confused, you have two options now either you can buy some coins if you can afford to or just hold the coins that you have for halving.

to explain in simple as possible halving is a projects per fouryear to decimate the number or block of bitcoin so that any demand for bitcoin would have more influence on the price because the amounts already be reduced. so many people will hold their bitcoin when halving come. and expect prices to go up and get bitcoin some benefit

If you don't have money and if you cannot afford to buy at a moment then the best thing is to hold your coins for halving, as you can definitely make some good profits from it.

Honestly, I was thinking of taking a loan just to buy bitcoins at its current price now, this is an opportunity for me so I would take the risk because I believe it will rise again before the halving.

To be honest this is really big risk you are taking, as if price doesn't goes higher then it will put you in huge trouble, better not to go for loan, and buy with your own money that you can afford to.