Post
Topic
Board Speculation
Re: 400 will not hold
by
Mr.grin
on 05/06/2016, 14:50:10 UTC
For the price go down again to 400 some serious things need to be happening. I don't see this coming, since we got a positive market.
Perhaps after the halving?

The big whales can push down the price briefly down to $400. But it will not last long, the value is there.
Big whales can do anything they want with the price. But they want to profit from it, so why dump a lot of coins to lower the price if they can sell them slower and profit more?

If the whale open a short position and sell the bitcoin price to lower level, they can make profit from the short position.

Not only whales, but even smaller traders can make profits no matter in what direction the price is moving. It requires a good understanding of markets and enough experience.

For small investors, they can buy and sell coins easily because they have smaller positions, not like big investors.

That is true. But the big investors control the market, they can manipulate the price of bitcoin easily.

So we need more people to be aware of the bitcoin and buy the bitcoin. Bitcoin will be owned by more people.

The more people own the bitcoin, the higher the price the bitcoin will be. That is the case for the past 7 years.
Well we've seen so far, it turns bitcoin prices persist, even grow taller faster than we thought, maybe we can only hope that the price will be higher