Post
Topic
Board Speculation
Re: What is happening?
by
romero121
on 22/07/2016, 12:56:05 UTC
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.  
I did not see more than maybe 1 or 2 users thinking that the price will decrease. The majority of users thought it will rise in this period, and they were talking about an increase in almost every thread in this section. Maybe I am wrong, but I think that there were more optimistic people here than those who thought the price would decrease.
YEah right i am one of them that thinking and expecting for the price increase not for decrease we know it will decrease after the price hit 800 value or more..

I think the price will trade around $600 to $800 in the next 5 months. Then it will rise to $900 or higher.

As quoted the price might jump towards $900 or even higher, but this won't sustain for a long term. I believe that the price sure decreases gradually and stabilizes from where it started to rise.