Post
Topic
Board Speculation
Re: Price rise is over
by
Fascinat
on 27/05/2016, 07:01:47 UTC
After the halving, price will DROP, not rise. Why? Simple answer is because the market is heavily manipulated, they know most people expect price to go up, so by dropping the price they can profit.

We will see a rise in price to maybe 900-999, in December 2016, it will crash in rapid fashion down to 200-300 in January 2017.

I would be fine with this scenario. I just want volatility.

If the price of bitcoin is too volatile, the merchants will not store it, and it is useless. It has no value.