Post
Topic
Board Speculation
Re: What Bitcoin price is too high?
by
Superbitzz
on 02/08/2016, 19:56:13 UTC
For now this year don't expect that one of the poll will reach because the price is decreasing and i think we will experience of crisis here and the price will hit again back to below 600 value..
of course it wont drop that low, it would be just nonsense, the halving has happened so the price must hold at higher prices in order for miners to get some profit
yes that is a fact the present downfall of bitcoin is also not in the favour of miners, they cannot afford mining if the price of bitcoin continue falling. therefore i think that there will be so much support to bitcoin in 55o$ and hope that after that the price of bitcoin will again start rising and hope that this time it will cross its all time high level.