Quote from: jaredboice on July 14, 2016, 12:02:19 PM

Quote from: Denker on July 14, 2016, 10:46:55 AM

The price party being over?
Dude we haven't even started!
Give it a few more months, becoming the market aware of that reward got cut in half, and I'm sure we are going to see some really nice upwards movements!With a bit of luck a 2x increase until january or february 2017 is possible imo.

I agree. Have patience. This entire market cycle is playing out at least 6x longer than previous cycles. So while I definitely think we are going up in the mid to long term, as far as the short term goes, it all just has to play out. Brexit was just the beginning. The entire global financial system is on its knees right now

I never thought it would take a year to get to the bottom after the ATH, and I never thought the price could go range bound between 200 to 300 for another year. I think there will be another spectacular ATH, but it will take a long time to reach it. Perhaps the post-halving reduced supply will make the price go above 1000 before the end of the year so we can have a double New Year's eve/BTC price party. Next year we might see another ATH. I doubt we will see one a few months after the halving.