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Author Topic: Bitcoins Price will stay at 654.54$ this June to July  (Read 1743 times)
groll (OP)
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June 28, 2016, 06:31:43 AM
 #1

 Given the recent inflation and deflation of bitcoin in the stock market, it has now settled at 654.54$ for a week now. Looking at the past increase in btc value I believe that the price will stay until the end of July. But there is a situation given the coming Halving that would likely increase and decrease bitcoins value but after that it will come back to 654.54$. Thats my rough estimate.
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June 28, 2016, 07:07:46 AM
 #2

I think that the price would likely increase on July, and maybe yeah it would decrease again back to 654$. But IMO it's actually good if the price stay like this, because 654$ is not too much and not too less.

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June 28, 2016, 07:11:37 AM
 #3

halving is about to come in 11 days,this price will not going stand until the end of july as so many people saying that halving will give affect to the market that much,see the halving countdown,and people's opinion could make other peoples following it

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June 28, 2016, 07:18:27 AM
 #4

I do believe that bitcoin price will not be capped at the current level by the end of this month. A halving is coming in about 10-11 days and the price will go up to the $680 - $720 level.

However, it also depends on the buying orders received in various exchanges. So if yu need t keep track of the price, also look at the market cap and the volumes of buying orders. These are two major factors behind its price fluctuation.

But I expect the price will go up by the end of July at $700 level.

Posum578
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June 28, 2016, 07:21:08 AM
 #5

Bitcoin price will stagnan for now and will increase after halving
also if paypal and coinbase already sign for their cooperation it will affect to bitcoin price too
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June 28, 2016, 07:28:12 AM
 #6

I agree, the price might increase another $200 for the halving and then fall back down to where we are now for a while before going back up to the halving price for the end of the year.

Just pure speculation but I can see that with the EU in the state it is right now other countries might think it time to leave and then currencies will be all over the place, bitcoin could be the average person's way out.
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June 28, 2016, 07:30:50 AM
 #7

Bitcoin price will stagnan for now and will increase after halving
also if paypal and coinbase already sign for their cooperation it will affect to bitcoin price too

The hashing power will go down (so certain miners will unplug their equipment) this will lead to a stable supply of bitcoin for the remaining mininers and the price will stay the same.
tobacco123
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June 28, 2016, 07:31:19 AM
 #8

halving is about to come in 11 days,this price will not going stand until the end of july as so many people saying that halving will give affect to the market that much,see the halving countdown,and people's opinion could make other peoples following it

Reward halving itself will not affect the price of bitcoin- many of the investors have already placed their bets and $650 is about the correct price. We shouldn't see much changes between now and when the halving occurs. The real thing will only happen some time after the halving when the gradual effect of reduce supply kicks in.

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June 28, 2016, 07:37:07 AM
 #9

I expect price to lower slightly beforehalving  and then a  few  months after we should hopefully get a  rise. I  think  as others have said,  we  are priced in at current price so shouldn't be too far out.   Hopefully we do get the boost  after though,   or at least remain stable.   

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June 28, 2016, 07:39:17 AM
 #10

Price Bitcoin may still be sensitive to the mood of market participants, as the uncertainty and volatility in other financial arenas pushed investors to invest money in cryptocurrency. This week, any news related to the negotiations between the EU and the UK, could push the price.
Schuyler
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June 28, 2016, 07:43:28 AM
 #11

Can't really predict what the price will be by mid or end of July. Although I want the price to go down for a while, somewhere between $550 and $580, it seems that it is consolidating at the $640 levels. I have a feeling that a big pump is about to happen, just so that people would think that it's because of halving. But I don't really know. We've seen stranger things happen with bitcoin in the past.
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June 28, 2016, 07:46:45 AM
 #12

Given the recent inflation and deflation of bitcoin in the stock market, it has now settled at 654.54$ for a week now. Looking at the past increase in btc value I believe that the price will stay until the end of July. But there is a situation given the coming Halving that would likely increase and decrease bitcoins value but after that it will come back to 654.54$. Thats my rough estimate.

It doesnt stay at a exact amount. But it is leveling at 640-660 so it good. Last month we got like 430-450 and stays there for a while also I guess the same is happening now.

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June 28, 2016, 07:50:59 AM
 #13

It does look like it's stabilized a bit the past few days although I still think anything is possible. We could still see some wild swings in the last few days leading to the halving. But yea your scenario is probably the most likely. It would be nice to see prices close to $1000 again but I'm already very happy with the value right now considering that we were hovering around $330 for so long. Let's see what the future brings  Smiley
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June 28, 2016, 08:01:58 AM
 #14

I think the real market action will start when we are 4 or 5 days away from the halving day. Till that time I also expect the price to remain more or less around the current level.
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June 28, 2016, 08:03:35 AM
 #15

I do not mind the price being a little stable for now because we have seen the price rice so fast and high the last period. Actually it could also have dropped a bit more so I could be more coins.
It does not has to be stable for to long because then the Bitcoin users will just get bored again.
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June 28, 2016, 08:03:47 AM
 #16

people actually believe it will increase during halving and the decrees again but i dont know why i feel like opposite i think it will decrease some more and then will rise with like 200$ but that does not mean you should be on it  Wink

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June 28, 2016, 08:05:51 AM
 #17

as far as i know that bitcoin prices was never stay in the particular amount over than a day and my predictions for bitcoin prices in july it would be a bit increase but i guess before next halving the highest prices will reach to $700 but it will drop shortly
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June 28, 2016, 08:51:35 AM
 #18

i dont think that any one can say clearly that what will be the price of bitcoin in mid jun and jully. but people are expecting that the price will increase at the time of halving and after halving it will decrease again for some time. some people are aguaing that the price of bitcoin will cross the all time high limit, and it is possible that bitcoin will cross the limit of 1000 USD before halving. but my persona view is that it totally depending on the interest of the buyer. if the buyer are interested and if the number of buyer is increasing then certainly the price will also increase.
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June 28, 2016, 08:59:04 AM
 #19

before we can rise very quickly in just 1-2 days, so I'm sure if the current price is still stable, and when a few days closer to halving, prices could rise again higher in just 1 day. 800 is a peak before halving Smiley
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June 28, 2016, 09:51:54 AM
 #20

agree with op. 650~670 seems to be what's it for now. initially i underestimated & thought we'd go to 750~780 for the halving but that happened 3weeks before halving; once that was happening i thought "wow this is happening now we're going to be well over 1000 for the halving"; now i'm back where i started, 780~830 for halving;

imo what btc needs most right now is stable growth; 10~12 billion dollar market cap is too tiny! at this point volatility due to small market cap is almost starting to be "not good" (borderline bad) for btc .
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