Post
Topic
Board Economics
Re: Spending Bitcoins
by
cambda
on 18/07/2016, 23:52:34 UTC
I do not think that at the moment it is the best idea to be spending your Bitcoin at the moment because the halving is coming soon.
It will be better for you if you try and wait for after the halving then you can sell.

Halving is coming soon???   Grin Halving is already done mate I hope you are alive and in your best sense, I hope you are not talking about 2020 halving lolz..

Maybe he is talking about a potential pump that might come soon because of the block halving happened. Other than that I can't see why some one still not knowing that the block halving has not taken place yet.

halving has already done and now we need to wait of the effect of halving which we will be experiencing very soon, so its better to hold our coins to sell at higher profits in coming months.

What effect of the halving are you talking about? Block rewards went down with 50% and the price nearly doubled in value. Realistically, what more can you expect? Nothing according to me. At least not regarding the block halving that has taken place. Every bit of market action that we will see will not be related to the block halving. It's just the market continuing with what it was doing before all the hype and speculation about the halving came to life.

Halving has nothing to do with price, price rise will depend on the demand of users, if we find more users investing their money in bitcoin then price will automatically go higher.

Looking at a slow rise in a price at a moment I think people are preferring to buy bitcoins, and if the trend continues the it will take bitcoin price to next level in coming months.