RIP 400+
What do you guys think?
thats definitely not true in my opinion, i personally think that the price is just about to rise right now because in my opinion people will start buying pretty soon what will not allow the price to drop
i think that it is impossible to go down to 300 dollars per bitcoin right now as people are waiting for a block reward halving that will push the price up significantly and make them money
$300 prices are too far away at this point to be a real concern for most of the people here, and I do agree that we are more likely going to see the price increase these days and weeks.
But I must say that if there wasn't a block halving going to happen within a year, that the price would most likely go to the $300's with the current over-supply. Glad Satoshi thought out everything well enough.
The block halving does indeed play a big role here, but I think even without a block halving that the long term price is still up. Over supply will be solved when more people start to enter the Bitcoin market. The more people willing to buy Bitcoins, the higher the price will be.