- Aug 28, 2015
- 517
- 1,679
The Halving is 10.1 months away and with it inflation drops to ~4.5%. The cost to keep the price where we are today assuming all miners sell is ~400k dollars a day.
What effect does the forum think this reduction in new coin supply will have on the price? Are any of you worried about the mining consequences or security of the network?
Lets get the predictions down on the site so we can all be massively wrong on the record!
I'll start off. Bullish. I predict these will be a pre halving fomo rally which sends the price up to 700 range before flattening out as the actual halving occurs at or below around 500 dollars for the following months. I suspect traders will try to front run things and this is a great setup for a pump and dump because it is known by all market participants and generally thought of as bullish even though logically the halving will only exert a mild reduction in supply (though miners anticipating this could magnify the effect by all holding their coins in expectation of later gains.
What effect does the forum think this reduction in new coin supply will have on the price? Are any of you worried about the mining consequences or security of the network?
Lets get the predictions down on the site so we can all be massively wrong on the record!
I'll start off. Bullish. I predict these will be a pre halving fomo rally which sends the price up to 700 range before flattening out as the actual halving occurs at or below around 500 dollars for the following months. I suspect traders will try to front run things and this is a great setup for a pump and dump because it is known by all market participants and generally thought of as bullish even though logically the halving will only exert a mild reduction in supply (though miners anticipating this could magnify the effect by all holding their coins in expectation of later gains.