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Quote from: xventure on June 16, 2016, 01:16:14 PM

In a few days it will be costing a $ 5000 hehehe

In a few years, the price of bitcoin could be $5000. If it rises to $5000 in a few day/months, it will crash back.

The bitcoin price came back to $500 from $780. It just seems the price is not going to be too high in the short term.

That could be true. The price rose more than 100% in the last 12 months. I think it has risen too fast. It just needs a rest.

Laughing out loud at the price resting. You're not seeing the big picture. Big money wants in. They want BTC by the thousands, but they can't get that volume OTC anymore. We will be sitting pretty at $1,200 very soon, and once it stabilizes in the $900-1,200 range for a while this big money will realize that they need to get in before it's too late once the run-up begins.

Well man I hope that will happen. IMO it is possible for bitcoin to not touch 1000$ but it is very likely to reach that price this coming week or so on. Time will tell what will be the actual price of bitcoin.

I do not think so. In a week, the price could be around $700, but not $1000. $1000 could be reached in 12 months.

$700 to $800 is so manageable before the halving, if you can notice the price is starting to rise a little bit and it is not going down that much, this could be a chance to see another abrupt increase on BTC price.

I think the halving is not a new news, so the effect of the halving should already be in the bitcoin price.

That is right. That could be the reason why there is 10% drop of bitcoin price in the last two days.

Theres always a lot of factors in the price of Bitcoin, but all those things being equal, I think the halving should help the price go up as halving literally means there will less supply every day.