Post
Topic
Board Speculation
Re: Everyone is hyping about bitcoin price in 2016
by
M83
on 01/02/2016, 11:53:38 UTC
This concerns me about what will happen to bitcoin price after 2016 ? Will it crash after the block halving ? Is there any upcoming incident in 2017-18 that may push the price up again ?

I don`t think it will crash after the halving! No way! If the halving decreases the quantity of coins generated by the miners, then the coins become more scarce in the market, so the price increases. That`s the law of the market, my friend.


How do you know? That's what usually happens after a big price increase. The hype is going to be massive for the halving so people will buy bitcoins en masse expecting the price to go up and it very likely will just because of that but many people will also dump their coins looking to cash out as quickly as possible and of course this will send the price crashing back down. I think there's a lot of people who are still holding from buying in at 1k and those people will probably all dump if it goes any where near that again so I think we could be in for a turbulent time. Hopefully it doesn't crash down too far and remains at a decent price after the halving. I guess we can only wait and see.