Post
Topic
Board Speculation
Re: What is happening?
by
Wind_FURY
on 30/07/2016, 02:58:53 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?

Now that it is 2 weeks after the halving we can see that it has no effect anymore. Rewards for miners are cut in half but the price remains the same. No one is speculating anymore that it will go higher and more and more people are waiting for it to go down and are placing their buy orders at lower prices. Bitcoin will go below $600 slowly and will stay there until the end of this year. So it is good to wait and buy more at lower prices.