Post
Topic
Board Economics
Re: The Halving - Good or Bad for Bitcoin?
by
richardsNY
on 29/02/2016, 19:23:21 UTC
Depends on what happens. I think it will be good if the price skyrockets (which it should) as that will get bitcoin mentioned in the media again and hopefully get more laggards on board, but if it crashes back down soon after in will come all the negative press attention about it becoming another bubble. Hopefully the price will rise and stabalise pretty nicely and avoid a crash.

A lot people expect the price to shoot up to very high price levels, but there is a small possibility that the price will only show a slight increase. It's a scenario that you must not forget. No matter how small the chance is, it can always happen. I am already happy with the price staying just above $600 after the block halving.