Post
Topic
Board Bitcoin Discussion
Re: It's Halving Day! What Can You Say?
by
Nitroshock
on 10/07/2016, 04:17:08 UTC
It's kinda funny and I'm a bit surprised that the big run up in price happened several weeks ago -- and since then the price of Bitcoin has sort of floundered sideways.  I felt like there were quite a few people waiting to cash in at the halving but I guess you'd need a higher price for them to want to do that.

So it looks like Bitcoin isn't going "to da moon!" just yet, but I'm still going to hold a little and hopefully BTC can find some sort of real, stable price point/value in the near future.

The production of new coins is slowing down, the number of people using Bitcoin, merchants accepting Bitcoin, and overall transaction volume is increasing.  Should be good signs for the health and longevity of Bitcoin but the market (and miners/holders) will have to decide the actual price per coin.

It'll be interesting to follow the price over the coming weeks.