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Showing 20 of 808 results by ThatDGuy
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Ahhh trolls be trollin', Bitcoin be risin'
Life is good.
Life is good.
So good
Re: Multiplying the price by 10 after each halving, is it right ?
If you're not a miner, the halving shouldn't have much effect. 14.5 million of 21 million bitcoins have already been mined. Everybody knows this event is coming, so it should already be priced in.
I don't believe that "it should already be priced in" is true. Going from 3600 new coins produced every day to 1800 is pretty dramatic, and 2012-2013 showed just what kind of effect on price that halving can have when we went from 7200/day to 3600/day.
I also don't think that 2013's two insane bubbles were driven by halving alone, but it definitely played a part, and it will play a part in the supply and demand of 2015/2016/2017 as well.
My supposition is about 375-385. During next days price will go down another 4-10%, then in September start to increase.
This sounds reasonable, and I feel this would hit the point.
I`m not sure as the other people mentioning about $500. That increase would have to come up drastically for a reason something valid, not some whale just purchasing bitcoin.
FOMO is a perfectly valid reason for a drastic increase. We've seen it plenty of times before.
np - FOMO is Fear Of Missing Out. It's a term for part of the psychological effect that kicks in during a fast run-up in price. It's the natural fear that "oh shit this is going to the moon I don't want it to get there without a piece of it"
It's especially powerful with an asset class like Bitcoin where there is an eventual finite amount.
My supposition is about 375-385. During next days price will go down another 4-10%, then in September start to increase.
This sounds reasonable, and I feel this would hit the point.
I`m not sure as the other people mentioning about $500. That increase would have to come up drastically for a reason something valid, not some whale just purchasing bitcoin.
FOMO is a perfectly valid reason for a drastic increase. We've seen it plenty of times before.
I was just looking at the chart for historical halvings, and noticed that the last having literally happened right before our meteoric rise to $1100. That's when the block reward went from 50 to 25. Is that coincidental?
Well, if you consider a two month delay as "right before", I suppose the halving did occur "right before" the rise in February to $260.
Do you really think the effect of the halving will show itself 'exactly on' of 'right after' the reward halfing?
Of course the effect will be spread out to a period starting well before the halving itself end ending well after it.
Let's look at last time:
I say it was halving-induced. Price went from $5 to ~$125, a 25x increase. So I think my earlier estimation of a 10x increase is conservative under these assumptions.
Great graphic - and I agree. Keep in mind that the halving happened in 2013 where we saw not just one but two insane bubbles. I do agree that the halving had a major role in the first.
At some point this year all of the stability recently combined with the upcoming halving is going to likely work together to create quite a violent bull market.
The next bubble will be incredible.
The next bubble will be incredible.
What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.
100K maybe, but I highly doubt Bitcoin will increase in value to $10,000 in just 5 years. If this is the case, I imagine some sort of event would have to take place that challenges the stability of the USD.
You're thinking of a stable $10,000. But bitcoin went from $100 to $1000 in a bubble. So the question is can bitcoin reach a stable value of $1000 in five years (and then have an unsustainable rally to $10,000), not whether bitcoin can stabilize at $10,000 in five years. With two halvings, I think it can.
Bingo..
Agreed, especially with more, bigger money paying more attention than it had in the last bubbles
Wedbush report says that we should expect $400 in the next 12 months.
However, I could see this happen even this summer. Although I think that people need to calm and not hype this too much. The problem is that there will be a bigger loss of confidence/panic if we do not achieve the desired price range/go down. For now I would like the price to stabilize a bit above $300. If the price increases too quickly, that's not a good thing either.
However, I could see this happen even this summer. Although I think that people need to calm and not hype this too much. The problem is that there will be a bigger loss of confidence/panic if we do not achieve the desired price range/go down. For now I would like the price to stabilize a bit above $300. If the price increases too quickly, that's not a good thing either.
We will see over $400 in the next 12 months. There's a good probability we'll see WAY over $400, especially with the next halving 54 weeks away. Anyone who says that it's already priced in is wrong - see: Litecoin's activity with 45 days left.
Every day that passes where it maintains value or doesn't go to zero just makes zero that much less likely. I find 0 far less probable than I did two years ago, or a year before that.
Because litecoin is all the rage now. But seriously just wait. I am told bitcoin is lagging.
Yep. I'm watching BTC very closely for when people start trading out of LTC when it starts to come down.
Honestly I'm very happy with the last 30 days of BTC going $230 -> $270 in regular intervals of movement with retrace after... it seems more sustainable and something to build on to finally move towards a bullish market.