Post
Topic
Board Speculation
Re: Poll: How high will this current bull run go?
by
ndnh
on 04/11/2015, 17:09:58 UTC
One question, why is $10,000 the highest? Grin

My guess is 10.000$ all time high before block halving.

Call me crazy or whatever you want, but I believe in this. We wait for 2 years. Now it's our time!

$10k is only possible after 2020 block halving. At that time, the block halving is not as important as the block reward is relatively small. With 17 million  bitcoin, $10 price increase means $170M market capitalization increase.

I agree.  Selling pressure would be too high with miners dumping 1800 coins after the halving at 10k per coin.  That's 18 million per day in new cash to sustain a 10k coin after the halving.

Miners won't sell much if they think price is going up. Smiley