Post
Topic
Board Speculation
Re: At what price we would be at if Btifinex disaster didn't happen?
by
panju1
on 27/08/2016, 04:27:25 UTC
I often think about this nowadays. We were on a spectacular uptrend. Core team was about to launch 0.13 and the halving happened, we were on the good track, but Bitfinex happened, ruining the good uptrend with the stupid ass dump. Fortunately we recovered quick, but the uptrend is not as strong and will take some more time now to go 1000+ again.

There was a lot of hype about the halving and we had a run up in price before the event. With that hype fading away, the price was on a downtrend and would have decreased even if the Bitfinex hack didn't happen.