Really looking forward to the Bitcoin Block Reward Halving. With this price level, and if logic will prevail, we should see a natural upward price movement at least towards 850$.
But logic very often does not work.
$700 is the first target...we'll see further from there.
Actually I think the halving hype will take it to the old ATH. And I doubt it'll break it.
It's imminent the next arrival to $600. The poll shows that most bitcoiners expect an increase to $1000 at the end of this month, and perhaps it's a good time to become optimistic despite my usual skepticism.
you know, when people are out on the streets happily roaming about wearing sunglasses and flipflops because the sky is blue, it can be hard to imagine rainfall and cold air.
EDIT: I read a lot of "I'm all in", "finally bought back today" comments here. That makes me think we could well have a sizable correction this weekend.
On the other hand: mass-media hype has just started. There's a huge delay for "normal folk" to "get in". Could have more legs, too.
Maybe both.
Where is the media hype? I don't watch TV so I legitimately don't know and would appreciate examples.
By the way, I saw this today:
https://www.tradingview.com/chart/BTCUSD/JRCAC2XU-Predictive-Analysis-of-the-Next-Megabull-Cycle-To-the-Moon/Bitcoin itself isn't in the mainstream news but sometimes you see something about "blockchain" and how some bankers and tech companies are integrating Ethereum or blockchain. Also if you do a search for Bitcoin news, you always see all these unanimously positive-sounding news articles about bankers, wall street, tech companies, investments, deals, and such.
Mainstream press only really covers bitcoin if it crashes and burns/ dev fights/ etc....they otherwise ignore it when the price pumps..figuring some new drama or FUD will come along and drive the price down (hey they may be on to something) .....bitcoin the Mexican soap opera of crypto
Or when 1000$ reached / all time high breake through
When does the world get the news there are only 21mio....?
Just never sell when you not need to...
People do not WANT to understand the system. People are fine with the way things are.
If demand remains a constant...... and supply is halved then...........
But whether this rise is due to the halvening being already priced in?
Everything is always priced in. This is why the market price is what it is.
Can you be more specific about this "everything"?
chill out. we are safe. if we can beat Jesus & the Beatles, we can beat anyone.
Do you find it troublesome to see how much interest waned from 2004 to 2009 though? We could see such a decline again
I'm more intrigued by the fact that Bitcoin already had people searching for it years before it started
If you paid $6 to move $40 worth of bitcoin, and it confirmed, you would pay $6 to move $400 or $4000 or $40000 or even $4 million worth of bitcoin, and it will also confirm. (Well, maybe if you used more unspent inputs then you'd pay more than $6 but I think that's acceptable for a $4m transaction.)
Sounds like a pretty standard amount for a transaction
Sounds like a pretty standard amount for a transaction
I recently (a few months ago) paid $10.84 to move $833,092.49 split among 3 people.
Yeah, that sounds so 99%
