Post
Topic
Board Speculation
Re: 440$ reached
by
Jmild1
on 27/07/2016, 12:38:13 UTC
Trading with a range can be a good consolidation. After a few months of consolidation, the price will rise again.

That is right. I think the price rose a lot in the May to June period, over 60% in some measures. So correction is needed.

After the 3 to 5 months correction, the price could rise a lot. But that depends on the further good news.

The next good news could be the release of the 2MB block size increase. That could happen very soon.
I've been hearing this 2mb block size debate but since I don't have much knowledge about bitcoin, I don't really know why 2mb block size matter and why it needs to be pursue.