Post
Topic
Board Speculation
Re: We are down again?
by
Kelvinid
on 30/05/2016, 09:41:30 UTC
We fall down from $500 just a while ago and when I last checked we are like in $385 .
I have a question here, I am not really good at bitcoin so I just want some explanations or something like that.
Will the price continue to fall or will it bounce again?
Is $500 the new ATH now?
What is causing this?
Does this mean the end of the bull?
We were down for some time but I do not think that it is going to happen again because the price is still rising only when the halving comes in the price can drop allot.
yes, we just need to believe if halving will make bitcoin prices rose. I believe this price reduction only occurs in a short time and then bitcoin prices rise again

The price of bitcoin will rise eventually. The long the current consolidation time, the higher the price.

It seems right. The recent price rise is quite dramatic. That is after the 6 months of range trading.