Post
Topic
Board Speculation
Re: What's keep the price floating above $1k still?
by
fullypak
on 02/03/2017, 03:13:16 UTC
People realize it's worth far more than it costs, so no matter how many people sell there are buyers. You may wait a long time for a drop below 1000 and it will not last long. 1000 is the new 255.

When it drops below $1000, it will be a short period. Then the price will be above $1000.

But if some really bad news comes out against bitcoins or some big scams happened then prices may trade below 1000$ for longer time otherwise it may be a just a regular trading movements. But for quite some time, not big corrections happened in bitcoins prices may be some corrections may come soon or later.