Post
Topic
Board Economics
Re: Is it a good long term investment to buy 1 BTC today?
by
randy8777
on 29/07/2016, 12:03:56 UTC
To those who didn't manage to buy just below or just over $500, this is the right time to do it. The block halving will make you a good return if you have patience enough to hold till July tll december2016. If you chase short term profits, then just stick to day trading if you know how to play the market right.


the block halving will not affect the price anymore. not sure why some people still think like that. the price has to go up on its own by demand coming from new people and traders looking for a new type of investment.

if block halving were to affect the price, it should happen now that there is a time past the halving not before it. before halving the rise had many other different reasons. it was time for a rise because it was held down by the whales around $450. but now that supply rate has reduced the real effect will be visible soon.

price increases happen in advance to the happening. it's not like how it was years ago that the price increases after something happened. the price doubled from the point where people were speculating about the halving. more can we not expect anymore. so as i said in my previous post, demand must come from people seeing bitcoin as an interesting investment tool.