Post
Topic
Board Speculation
Re: Everyone is hyping about bitcoin price in 2016
by
Laosai
on 08/02/2016, 09:19:43 UTC
I think it will rise even after the Halving. Because people will realise that the amount of BTC is limited. And also, there will be another halving approaching and so on. So i think the price will rise in 2016 and then stay about the same for the  2017.

Price will increase after halving for sure, but we are not sure how long it will be stable, we need price stability in bitcoins that will only encourage more and more people to start using bitcoins, if price is not stable people would never invest their money into bitcoins.
If price become stable than bitcoin will loss it charm but bitcoin need some steady growth rather than dumping and pumping.

Lol, I like this way of thinking Grin

But you can't hope that such a currency will steadily increase. It will have to seek the pump and dump scheme with the hope that pumps will be stronger than dumps, that's the economic growth model of btc Wink