Post
Topic
Board Speculation
Re: Will bitcoin go back to bellow $400?
by
lixer
on 02/01/2016, 16:07:30 UTC
it easily might happen as the price of the bitcoin is not stable at all and it always goes up and down though i hope that it will go only up from now

We are close of the 400$ mark now at 433$

I think the economic events that will unfold in 2016 will spike up the price of bitcoins to thousands of dollars
i heard in 2016 global economic will crisis, it will impact to bitcoin price. i guess drop to below $400 is possible

Where did you hear that? If it ever happens that the global economy will see a massive downwards spiral, then most old fashion traders/investors will look into something that doesn't get affected too much. Bitcoin will be a great choice for them. Wink

Yes, investors will look for alternate investment vehicles in those slow economic situations. Most of the time they went for gold or real estate kind of investments. But in future bitcoin would be their prime choice of alternate investment vehicle for sure.