Post
Topic
Board Speculation
Re: Is Bitcoin currently massively undervalued?
by
Dr Bloggood
on 23/07/2017, 23:12:28 UTC
I get what you are saying, OP. The ascent of the price was suppressed for some time because of the SegWit2x debate, and now it's resolved, shouldn't the price be much higher?

The price is already much higher than it was a short time ago at $1,900. Also, two reasons why it's not even higher:

1. August 1st is the big date in the head of the public. It's the date you can read about in mainstream media.

2. The hard fork is upon us now.

3. SegWit is not running yet.

I expect the price to rise steeply over August/September. That could start at the beginning of August, or maybe not before the end of August. But I think it will happen.