Post
Topic
Board Economics
Re: Bitcoin Price Passes $750 to Hit 28-Month High
by
o_o
on 16/06/2016, 21:01:59 UTC
...

Who knows?  Not I...

The whole price jump was a surprise (for me), in that this seems (SEEMS!) to somewhat unconnected to The Halving, as we have been discussing that for months.  My guess is that the Chinese are the added new demand for BTC, hence the sharp price increase. 

The Halving has been predictable, no new information for any of us.  Usually when there is predictability, there is typically nothing new that happens DUE TO THAT, as "everybody knows".

$750 is nice, I cashed out some BTC earlier ($691) for gold, so perhaps my timing was not the best, but at least part of my BTC stash got cashed-out at a profit.  But, $750 is not a game changer.

What would be a game changer for me?  $5000, say...

Think that my time was at 582$, absolutely not good, but I've made a great earnings anyway Wink

IMHO I don't think that a new ATH will be reached, maybe we'll arrive to 1000$ but is really hard to reach the new ATH, because at the moment we require other 4B of market cap  Shocked