Post
Topic
Board Speculation
Re: Bitcoin price will reach $4000 after halving ?
by
stromma44
on 06/08/2016, 13:33:53 UTC
Nowadays the Bitcoin's price dropped to about 600$, 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.

Yeah price is good to buy some coins at a moment as price is affordable for us to make some investments but don't expect $4k price in quick time as its simply impossible.

when the price you expect is big like the $4000 here, then the time for getting there should also be bigger too. it is not 2011 anymore that you can expect a big rise suddenly and out of nowhere.
these days market is a lot bigger and any rise or fall is a lot slower.
I think there is still psossibility that the price of bitcoin will increase fast but the amount he mention is impossible, and i think the possible price we can reach this year is more about 1k value..
Yeah! $1,000 is possible and more conservative estimate to happen this year, I have that kind of prediction also as the halving took place this year, and we have not seen the increase yet, maybe the recent crisis will trigger the price to increase and will reach the amount base on our prediction.

Price will boost up at the end of the year and current recovery gives an positive indication that price will keep on rising and it will achieve new milestone in this year.