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1  Bitcoin / Bitcoin Discussion / Why 2016 can be a bad year for bitcoin on: December 30, 2015, 01:00:32 PM
As we all know, next year the next reward halving will come.

Everyone is expecting the price to rise exponentially.

Here is the reason why I think this won't happen:

Simply because everyone is expecting it.

Most likely the buying demand will remain constant and price won't move up much.

When the impatient ones that are waiting for this moment for years realize that the price is not exploding as they were expecting, they will start dumping.

When this happens many of the less impatient ones will get impatient and start dumping as well.

After this the big dump will hit the news and those guys that "bought and forgot" will rush to dump as well.

So, only after this big dump, the price will rise to the "promised land" of $10,000.

And this may take some time, probably until the next halving by 2020.

Good luck.

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