Post
Topic
Board Speculation
Re: July 20, 2016, the block halving date, what will the price be?
by
pissedoff
on 10/01/2016, 21:29:03 UTC
I'm predicting 380 at the day of halving after a few day run up from the high 200-low 300 range.
In the days after we risk falling down to around 120 because of all the disappointment and panic caused by that.
Price should have doubled too! Angry! Sell! Stoopid bitcoonz
If the price reduce on the block halving miners will not be able to pay the bills and most of them will turn off their machines.

Yep, causing a slow collapse of the entire network...
Confirmations will take forever and the network security will plummet. People will lose trust in the system and sell even more, and the spiral continues down.
Yeah it will cause the entire bitcoin network to collapse if the miners quit when the difficulty is high.