Post
Topic
Board Speculation
Re: What do you expect from the halving in 2016?
by
newIndia
on 30/07/2015, 10:33:09 UTC
My theorie:
As everyone knows about the halving, I believe the price will drop. In anticiption of the upcoming halving people will max out their holdings in hope for a rally. When the rally does not materialize people will dump their coins and will drive the price south.

This is what I expect as well. Whenever, there has been a predicted event of price rise in bitcoin, it has gone down instead. I'm expecting the same this time as well. Block halving sell pressure may take the price below 100.