Post
Topic
Board Speculation
Re: Bitcoin Halving Price Prediction $55,000 - $130,000
by
gentlemand
on 14/11/2019, 23:12:34 UTC
I think it's possible but it's unlikely for sure.

The market capitalisation right now is significantly higher than previous bull markets, which suggests that it'll be significantly harder for markets to move in the upward direction because it would require a significantly higher capital injection within the market.

I really thought that once the price had moved into late 4 figures and 5 figures the percentages of the moves would be radically lower. People would be excited by a couple of hundred bucks. Yet it can still lose or gain 30-40% in a single day just as it could when it was 2 figures.

I don't know what that means, it doesn't seem healthy to me, but the possibility for truly barking moves is still more than alive and kicking.

If we think in terms of market cap and just how thin these markets are then it still doesn't really require huge sums to make giant moves. I expected it to be past that by now but it hasn't changed. It looks like it needs another monstrous move up before it does start to behave in a less shitcoiny manner and even then it might need another one.