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Title: [2016-06-21] Bitcoin Price Drops By US$100 But Continues To Rally Post by: jdebunt on June 21, 2016, 04:21:39 PM It is not uncommon for Bitcoin to be a volatile cryptocurrency, though. In the past, there used to be very wild Bitcoin price swings on a weekly basis. However, it has been a while since we saw these types of discrepancies in a 24-hour period. The positive news is how the Bitcoin price seems to be recovering already.
http://fintechist.com/bitcoin-price-drops-rally/ Title: Re: [2016-06-21] Bitcoin Price Drops By US$100 But Continues To Rally Post by: snipie on June 21, 2016, 04:27:48 PM '' The next few days will be crucial for the value of Bitcoin, though. The Bitcoin halving is drawing ever closer, and many people expect a four-digit Bitcoin price by then. Dips like these confirm it will be much harder to reach such a price point than most people anticipated. At the same time, it is not unlikely to see Bitcoin touch US$1,000 or more in the coming weeks.''
Yea maybe it appears that reaching 4 digits gonna be hard by now after the recent drop but the potentials of btc near the halving is very important to consider Title: Re: [2016-06-21] Bitcoin Price Drops By US$100 But Continues To Rally Post by: Kprawn on June 21, 2016, 05:34:51 PM '' The next few days will be crucial for the value of Bitcoin, though. The Bitcoin halving is drawing ever closer, and many people expect a four-digit Bitcoin price by then. Dips like these confirm it will be much harder to reach such a price point than most people anticipated. At the same time, it is not unlikely to see Bitcoin touch US$1,000 or more in the coming weeks.'' Yea maybe it appears that reaching 4 digits gonna be hard by now after the recent drop but the potentials of btc near the halving is very important to consider The 4-digit price would be very optimistic to say the least... I think the build up to the Halving event will be the peak and not the event it self.... people {speculators} are waiting for the hype to kick in and push the price upwards, but the downward pressure from the early birds selling, will keep the price in the mid 3-digit range. The 4-digit hype was just that.. people attempting to inflate the price to profit more... The real affect of the reduced supply, will only kick in, when the speculators have left and the regular buyers wants to buy new bitcoins. ;) |