Post
Topic
Board Speculation
Re: At what price we would be at if Btifinex disaster didn't happen?
by
Red-Apple
on 27/08/2016, 14:15:53 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.

very interesting question and also interesting replies before me.

many have been saying (still do say it) that bitcoin should be above $800-$1000 soon and they were expecting it even before the dump happened but i think the market is not yet ready. the price is staying at this level and not going up as it was before the dump.
but also it is not going down either.

so i guess the price is good at this level and will stay here for a longer period of time.