Post
Topic
Board Bitcoin Discussion
Re: Halving event: expectation vs. reality
by
bitkilo
on 07/08/2016, 08:05:03 UTC
OP shouldnt be disapponted with what happen to the price of Bitcon after halving.  Price had been increasing this past months.  from somewhere 300 USD to peak 700+ Usd, now it is stable at 630usd - 680 usd  am sure lots have profited from this event.   If you are expecting higher price than this, I think you need to wait another semester.

Even today's price after the Bitfinex hack is still double 12 month ago price. So the halving has some effects.

I agree. The price was around $250 12 months ago and it's $586 right now so it was more than doubled actually. I'm not disappointed by today's price although I do think that it will be over $600 very soon.
The price has has a good past 12 months but i think that the rise back up to the $500-$600 mark had just as much to do with btc finally finding some price ground as it did by the halving event.

I can't see the price rising too much more with all the in-house fighting going on relating to the scaling debateand other issues.
I wouldn't be making a large business investment in bitcoin just yet until things amongst the devs cool down and they start running things much more smoothly. (I haven't followed things to closely lately so i hope the dev team is getting along better now)