Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?
You are wrong, the majority of people was expecting a decrease of the bitcoin value the same day of the blockw reward halving. Now I think we will stay in this range for a couple of weeks maybe months.
exactly this! i was also expecting a significant dump to happen directly after the block halving. i am quite surprised there was no massive dump. so in that aspect i am very happy that the price is staying at current price levels.
People would only dump if the price increased to the moon. This did not happen, so a lot of people are still holding on to their Bitcoins. I would not even think of dumping, if the price was under $1000 per Bitcoin. Even then, I would only drop a few coins just to re-coop some of my initial fiat capital and not my whole hoard. ^hmmmmm^
A common variant of the sunk costs fallacy. "I waited this long already, might as well wait a bit more. Even though the price has only one way to go: down."
