Post
Topic
Board Speculation
Re: The future of Bitcoin
by
Mitchow
on 09/03/2016, 11:52:15 UTC
well, a lot people expect a pre block halving pump, but they seem to forget that after the price is pumped significantly, the price will come down again. people will secure their profits and that will lead to the price going down real hard. the price will grow again but it will probably be months after the block halving has been completed. from there it will rise slowly. that's how i think about it.

I also think the same, sure the price will rise with halving but it has to come down again and from there it will start rising slowly as it does right now, so basically we will get back where we are now and will start waiting for another price rise.

Don't expect that the price will reach to the moon at the time of halving, yes of course the price would be much better then now, but if the price drops down, then many users will stop having faith in bitcoins.

those who indeed will lose fait in bitcoin when the price doesn't go up as much as people were hoping for, these people are pathetic. they have unrealistic price targets and even believe in their own nonsense. and then they blame bitcoin for not keeping up with their nonsense predictions. these people should stay far away from any kind of investment as they don't know how markets work.

Maybe these are the same people who think Stock market will make them rich right away (well if you're lucky you could). Better check how forex, stock markets, other commodities represented by candlestick trading move so people can have a better grasp on how bitcoin price works.

Yeah, they want to become billionaire overnight which is unrealistic, and if bitcoin doesn't do well they start and blaming and complaining bitcoins, and start spreading negative news related to it.