Post
Topic
Board Speculation
Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
by
Bitcoinislife09
on 26/06/2020, 17:20:15 UTC
Bitcoin has never lost its high price volatility. A decentralized cryptocurrency will always have it. If the price of bitcoin for a relatively long time as a whole stands still, this is most likely an exception based on the counteraction of several opposite factors.
However, no matter how the price of Bitcoin changes now - in the direction of decline or growth, good price growth expects it during the year due to a decrease in remuneration to miners in May, and if the global economic crisis comes soon, then much earlier.

You have a point. Miners and bitcoin halving definitely affect bitcoin at this rate even the COVID-19 virus affects its market price. The price is sustaining at a market price of 9$-10k$ in the past month still its not a bad movement compared when the market is down to 3k$-4k$ when the COVID-19 occurs I'm guessing it is still recovering because of the effect of bitcoin halving a lot of small miners already stop mining because it is not profitable anymore we could see a lot of hardware or graphics card in the market that is sold that came from mining either way bitcoin is doing a good job and I think it has a chance to go up to 15$ in the coming months or next year.