Post
Topic
Board Speculation
Re: Bitcoin price will reach $4000 after halving ?
by
Cryptonitex
on 05/08/2016, 15:55:06 UTC
Nowadays the Bitcoin's price dropped to about 600$, so i don't think that the price will going high quickly to reach 4000$, at least in the nearest future

This is right. bitcoin price is dropping very fast. I don't understand what is the reason of bitcoin's price dropping like that.
now bitcoin price is 550$. and 4000$ is far far away from it. I don't think bitcoin price can reach to this mark at all..
bitcoin need more demands and markets.

The price drop is likely due to the large hack of an exchange in China. Something like 70 million dollars worth of bitcoins were stolen. Generally, hacks that large tank the price because it introduces fear and uncertainty in the market, which the market does not handle well and people flee to safety.
And that is the right time to buy while the price is low, we all know that it's worth much more than what it's worth currently. If retards would stop keeping their BitCoin on central exchanges, we wouldn't have this problem anymore.