Quote from: Aamir1 on August 05, 2016, 05:03:36 PM

Quote from: Intristing on August 05, 2016, 01:04:23 PM

I think if there is no bad news about the bitcoin itself, the bitcoin price will reach a new all time high next year.

No bad news can affect the price of bitcoin as it already been on news that bitcoin is not a good thing or it is used for criminal activities, it surely affected the minds of some people who hate bitcoin after listening that but it never could affect bitcoin itself, the only thing that can affect the price is the believe of its users, if they stop believing in it then the price would surely not grow as many users would stop using it at first place.

you can see from the incident of late? when bitfinex get hacked, then the prices go down, because it is bad news, so people panic and sell their bitcoin. so the bad news really affect prices in the future.