Ouch, I can barely believe this volatility go ChartBuddy.
lol. More stability please.
Wall Observer
- Thread starter Bagatell
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- Aug 28, 2015
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Norway
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- Sep 29, 2015
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Yes, I can't stop buying bitcoin at these ridiculus low prices compared to what they are worth in 3 years. Just sold my mom to collect more coinz
- Aug 29, 2015
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UP of course!
I would guess the next leg up will happen a couple months after the halving, maybe September. Until then, price will probably go mostly sideways, bouncing around in the 600s.
Markets take some time to process new information, and I would expect the effects of reduced supply from the halving will take a few months to work their way through the market. I think the halving will produce more upward price pressure than most people expect, so the market should correct upward. Combined with the organic usage growth we are seeing, there is huge upward price pressure. Organic growth tends to be strongest at the end of summer.
The biggest uncertainty is the transaction capacity limit. Even without resolving the block size problem, I think there's enough market pressure to keep the price grinding upward. But if the capacity constraints are resolved in a more decisive way, then we could be on the brink of explosive growth.
hedgewizard
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8up
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See my post from yesterday... We'll see a new ATH within <8 weeks. This is the halving dump, which is meant to break all support levels.
hedgewizard
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I wish it were true, but up till now it seems bitcoin lives in its own world, the ups and downs come from events within the bitcoin ecosystem.
[doublepost=1467910930][/doublepost]Hey, a dump, I guess someone uttered segwit and forgot to say large block in the same sentence.
that's an ugly dump, and I'll speculate as to why.
it coincides with this news being well relieved in North Kore'a - from a ideological perspective it looks like the fundamental incentives in bitcoin design are still under attack.
That news above mixed in with uncertainty as Coinbase loosing to Canadian Banks, dropping support for and use of CAD for all Canadian customers while at the same time Canada and the EU get a little closer to ratification of CETA (a mini test TTP type trade) deal between Canada and the EU, as the EU start trying to align it's policies with the needs of the Canadian banks and vice versa (EU banks).
we edge closer to a one world government while bitcoin edges away form its roots.
it coincides with this news being well relieved in North Kore'a - from a ideological perspective it looks like the fundamental incentives in bitcoin design are still under attack.
That news above mixed in with uncertainty as Coinbase loosing to Canadian Banks, dropping support for and use of CAD for all Canadian customers while at the same time Canada and the EU get a little closer to ratification of CETA (a mini test TTP type trade) deal between Canada and the EU, as the EU start trying to align it's policies with the needs of the Canadian banks and vice versa (EU banks).
we edge closer to a one world government while bitcoin edges away form its roots.
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8up
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Is it just me or is the bitcoinclock showing conflicting info?
Reward-Drop ETA: 2016-07-09 11:46:44 UTC (1 day, 6 hours)
The ETA time does not represent the hours difference from now...
BTW. With the reward drop only about 30% into a difficulty adjustment, any fall-off in mining power will be very damaging for txn throughput (the prospect of which being a softening of the price).
Reward-Drop ETA: 2016-07-09 11:46:44 UTC (1 day, 6 hours)
The ETA time does not represent the hours difference from now...
BTW. With the reward drop only about 30% into a difficulty adjustment, any fall-off in mining power will be very damaging for txn throughput (the prospect of which being a softening of the price).
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A drop off would have about the same effect no matter when it happens. Either this period takes a while before we adjust down or we adjust and then the next period takes a while.
However, in addition to lower throughput, we would also have slower emission of new coins. These two are opposing forces when it comes to the effect on price.
