There are a lot of people that is holding their Bitcoins around this time, because they all hope that the value will be more in the future so they can sell it with a good profit.
The bad thing is that you never know what can happen with the value and that the value can also be going down so you can wait a much longer time, and that will be not good.
The bad thing is that you never know what can happen with the value and that the value can also be going down so you can wait a much longer time, and that will be not good.
in fact block halving force people to hold his bitcoin, and force miner to increase his hardware, i think bitcoin will be boom again $1000 again
why will miners need to increase their hardware in order to mine with more power just because of the block halving? if the price doesn't go up much from the current price level then some miners will leave causing the difficulty to go down. and once the difficulty goes down, other miners will get attracted by the lower difficulty and put their machines to action. and that will result in the difficulty going up again.