Post
Topic
Board Speculation
Re: Prediction: $800 by April
by
ThatDGuy
on 25/02/2014, 19:05:17 UTC
im holding my btc until the next block reward halving.

why? price didn't jump last time. with a daily exchange volume in hundreds of thousands of coins, newly mined coins make up like 2% of the daily volume. Mining rewards are just to small a percentage to effect price much.

Didn't the last halving happen in December 2012?  April 2013 wasn't too far after that.

Granted, there were other things going on, but I absolutely think that reward halving has an effect - even if it's largely psychological at first.

You are saying the price halving resulted in a price spike 1/3rd of a year later? Tongue lol

No.  I'm saying that it was one contributing factor of many.  Bitcoin events do not occur in a vacuum.