Post
Topic
Board Speculation
Re: How long will it be until the bitcoin price to usd starting decreasing?
by
btcney
on 20/06/2017, 10:28:28 UTC
What I mean was how long will bitcoin keep going up in price of USD which is United States Dollars. I was wondering since it seems to be going up like the stock market once was. When something is going good, there is always a bad side to it

Yep. When there is something that is so good, like bitcoin price going up so much every single day, there will ultimately be a crash.

Whether or not we have peaked at 2900 USD or so, i don't know honestly. To be honest though, I think that it is much more likely that the market will retest 3k USD, and if it breaks 3k finally it will be able to set a new floor of 3000. If not, then we can see a major outflow of capital out of bitcoin, and therefore generating a pretty big dump.

A lot depends on the UASF on August 1 though. If it goes well, then bitcoin's price could still bring another round of pumps. If not though, bitcoin will split into two, people will look at altcoins, and everything will be a complete mess.