IT BEGINS !!

Discussion in 'Digital Currencies' started by SilverSale, Dec 22, 2019.

  1. leo25

    leo25 Well-Known Member Silver Stacker

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    The halving shouldn’t have any effect on the price either way. If miners stop mining then the difficulty level will drop, so other miners will fill the gap. There will alway be someone happy to mine, even if there was no reward at all.
     
    Last edited: May 5, 2020
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  2. dozerz

    dozerz Well-Known Member Silver Stacker

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    lol wtf is that chart? label your y axis to hopium.

    staking ether is one of the worst decisions you could make, go and check total supply.
     
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  3. Michael Stevens

    Michael Stevens Well-Known Member Silver Stacker

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    One needs to leave some 'wiggle room' for when things don't quite turn out as predicted.
    We're supposed to be at new all time highs by now!
     
  4. crewy

    crewy Member

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    if miners become unprofitable won’t they have to sell to the market causing a price drop? Could they just move there operations to bitcoin cash or another coin and hold?
     
  5. leo25

    leo25 Well-Known Member Silver Stacker

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    Sell what to the market? You don’t have to have a stake to be a bitcoin miner.
    Yes they can move to another crypto.
     
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  6. crewy

    crewy Member

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    Sell their previously mined bitcoins? So is it a general view that this halving will increase price by decreasing supply? I would expect that if there was a underlying use/demand for bitcoin other then as a store of value, like if people spent them regularly but it doesn’t appear as though many do? New to all this so thank you for any and all input
     
  7. dozerz

    dozerz Well-Known Member Silver Stacker

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    theres plenty of bitcoin activity and is more than a store of value including well established and high volume trading and futures markets.

    yes the halvening should increase against fiat value as the block reward halves, however past performance blah blah etc https://www.investopedia.com/bitcoin-halving-4843769
     
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  8. leo25

    leo25 Well-Known Member Silver Stacker

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    Miners generally don't hold onto Bitcoin.

    I don't see how the halving can effect the price over time. The amount of bitcoin being generated through mining is extremely small compared to the bitcoin being traded all the time, so the small reduction of new bitcoin coming from miners will not be enough to dramatically change the price.

    be careful reading permabull sites as they think any reason will cause Bitcoin price to increase.
     
    Last edited: May 6, 2020
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  9. inmizu

    inmizu Active Member

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    'not sure the bitcoin halving will be good for bitcoins price? Is there a chance the miners start packing their bags due to lower rewards and head to another network to mine or stake? Maybe buy some ether and start staking it later in the year? What is everyone’s thoughts?'

    IMHO there is no greater wisdom than saying, 'I have no idea!'

    I don't follow the moment-to-moment of the mining. My interest is politics/decentralisation/cryptos. But what is clear is that, as Krazee Komplicated as crypto analysis has ever been, it's Xtra Krazee Komplicated at this point: 'chaotic equation' -- too many variables

    Two big-picture notions, though:

    One: countries like Turkey and Venezuela have shown that economic turmoil is, sigh, great for crypto adoption. And we certainly have economic turmoil incoming!

    Two: the PoW-PoS discourse* is, after years of to and fro, clearly moving towards PoS: https://cointelegraph.com/news/bitc...to-proof-of-stake-says-bitcoin-suisse-founder

    And I support this because climate-change mitigation is a pivotal interest for me. There are cogent arguments about Bitcoin (PoW) sourcing from renewable sources, etc.: but heck, it's a leccy-gobblin' monster.

    *Bitcoin is classic 'Proof of Work.' Ether will shift to 'Proof of Stake.' PPC rates mention: friendly to newcomers. Wicked crypto for holding value. And you can check out the staking thing on your laptop wallet.
     
    Last edited: May 8, 2020
  10. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Halvings, have always resulted in a price spike. Followed by a correction.

    Is this time different?. I'm currently banking on the answer being no.

    I'll return in a few weeks . I either missed a buying opportunity, or I was correct......only time will tell.
     
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  11. DavidW

    DavidW New Member

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    Am happy to just wait and see what happens
     
  12. heartastack

    heartastack Well-Known Member Silver Stacker

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    It’s happening alright :rolleyes:
     
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  13. dozerz

    dozerz Well-Known Member Silver Stacker

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    lol i dont see the 10% drop in the forecast chart?
     
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  14. heartastack

    heartastack Well-Known Member Silver Stacker

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    This halving is the biggest schmuck trade in BTC I've seen since 2009 - and there's been a lot.

    Though, I would have punted on the drop just on the halving day or maybe day after. This is a bit early and the sucker’s rally didn't even look impressive.
     
    Last edited: May 14, 2020
  15. heartastack

    heartastack Well-Known Member Silver Stacker

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    BTC holding up well I may eat my words yet. Still looking for a break above 13k. However, I can't do much now without being screamed at about btc which feels pretty frothy to me. Spike up soon?
    Speculation wise, I still think I'll make much more money on junior gold miners 10 bagging than needing BTC to go to 100k for the same reward.

    Which alt coin do you think has the most leverage on a btc move?
     
  16. heartastack

    heartastack Well-Known Member Silver Stacker

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    Ummm.. yeah...



    BTC leverage.PNG
     
  17. TreasureHunter

    TreasureHunter Well-Known Member

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    Leverage kills every market.
     
  18. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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  19. TreasureHunter

    TreasureHunter Well-Known Member

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  20. heartastack

    heartastack Well-Known Member Silver Stacker

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    BTC simmering down
     
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