Ive been watching the markets sence bitcoin was 150$/BTC, i have been promoting bitcoin and the use of it for a long time, but why should BTC ever rise again? There have been a peak thru overbuying and now somebody has to pay = coin value drop.
Hard fork, soft fork doesnt matter the value wont rise above 2k$ again?
It wasnt meant to?
I have not sold my Coins but i dont believe in 4-10-100 000$ /BTC
Well I may be a little late to the party, but I still feel like I could make a valuable contribution to the discussion.
Firstly, for the people who don't know the price of bitcoin is determined by a couple of things:
- Supply and demand
- Media attention
- The dark net
Bitcoin has already recovered and I think this is due to a couple of things:
- More supporters for segwit and the hard fork
- The snowball effect
These factors rose bitcoin by 800 overnight!