Post
Topic
Board Speculation
Re: Price settling at $420.
by
Bitmate
on 18/07/2016, 13:35:27 UTC
The price is settling around the $630 at the moment. I think the price will be here before the halving. It might rise after.

I think it is good for the price to trade within a certain range. That is to absorb some profit taking after recent big rise.

That is right. As long as there is no big bubble and the price of bitcoin rises year after year, it is fine.

The bitcoin block size is to be increased soon, that could improve the user experience and raise the price.

The bitcoin developers are still testing that. After through test, they will release to the public soon.