Topic: [2016-08-31]-Coindesk-What Will Be Bitcoin's Next Big Price Event? (Read 295 times)
One thing is for sure, the price of bitcoins will rise around December because lots of people will be shopping and sending gifts to each other. Now is a good time to buy in anticipation for Christmas.
August 31, 2016, 11:25:19 AM
What Will Be Bitcoin's Next Big Price Event?
For the price of bitcoin, the summer was anything but smooth.
Markets boomed on news of 'the Brexit', tapered off through the long-awaited halving and tumbled on the news yet another exchange had been hacked. Since then, the price has fluctuated between $550 and $600, returning to the "relative" calm observed earlier in the year.
But given bitcoin's historical volatility, analysts are already beginning to question what may trigger bitcoin's next big price swing.
As we head into the fall and winter months, a diverse set of theories are beginning to emerge about conditions that could either boost the price, or see it return to its 2015 lows.
http://www.coindesk.com/will-bitcoins-next-big-price-event/
For the price of bitcoin, the summer was anything but smooth.
Markets boomed on news of 'the Brexit', tapered off through the long-awaited halving and tumbled on the news yet another exchange had been hacked. Since then, the price has fluctuated between $550 and $600, returning to the "relative" calm observed earlier in the year.
But given bitcoin's historical volatility, analysts are already beginning to question what may trigger bitcoin's next big price swing.
As we head into the fall and winter months, a diverse set of theories are beginning to emerge about conditions that could either boost the price, or see it return to its 2015 lows.
http://www.coindesk.com/will-bitcoins-next-big-price-event/
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