Topic: It will be bellow $600 before halving (Read 2068 times)

The $500 is the cost of mining for some miners. They will not sell below the price of $500 or less.

There is nothing to be sad about as the price has gone up a lot already. Have people forget the entire month June where the price went up to nearly $800? If they are sad or disappointed in something, then it must be in themselves as their unrealistically high price targets never had a chance to be reached.

The long the price stays around the current level, the less chance it will go below the $500 level in the future.

a lot of people expected a big price growth and right now they are sad about it, i think that a price growth only can fix the situation now

though the  price is stable right now and i dont think that it is going to go down any time soon, the only way is up now as a lot of people are buying

For now the price is very stable at this level but i think we will see the price soon these following months the movement of the price is fast and we will see that the price will gradually increaase and will hit again back to 700 value..

It might be a great return but it was extremely costly for everyone that was holding during that period, and a lot of people who bought at the $1,200 could have lost a lot of money if they weren't bailing out sooner than everyone else. Buying everything when it was cheap could have yielded quite a few returns, but you have to remember what was lost to get the potential for those returns.

In the entire month September in 2015 the price was hovering above the $220 level. The price reached $198 in August 24 last year. That makes the price has gone up like 230% within a year at the current price level. Great return.

In September 2015, the lowest price of bitcoin was $198, the price is $650 now, so that is almost 3 times.

You might say the the last halving increased the value of the bitcoin by 100% since this time last year.

The last halving has really have not much effect on the value of bitcoin but instead, it stabilized the value in the range of $600 to $700. Many people are expecting that we can find the effect of the halving after a few months. We should keep an eye on it.

It's already set for next halving so i'm pretty sure the price of bitcoin would never go back to below $500 in the future maybe this is the new bottom of bitcoin price.

well price was 650$ before halving, and now, after halving price is still 650$, price is very, very stable right now so it is hard to predict how price will change now

I think the bitcoin community is more mature now. It is trying its best to make sure the price bubble does not appear.

That is because the price of bitcoin dropped before 10 July. Anyway, the price performance is very good this year.

Everyone was expecting that price will fall after the halving is done but it didn't happen, in fact price is moving up slowly and that is a really good to watch.

There is no need for the bitcoin to rise too much. But it could rise to $1000 by the end of the due to higher block size.

The bitcoin price has already more than doubled in the last 10 months. So it is reasonable for the price to be here.

Now the price of bitcoin being at 660 USD . I think it should be after halving bitcoin at least in the 800 USD. I still can not believe halving could have a major impact on the market price of bitcoin.

It can't go high and stay there "just because".  The halving event itself (I mean on that day) was like I and a hundred other people said, just another day.  It may be a propagation delay thing, but even then the halving only translates to a few percent, amplified by the absence of traders because the majority are HODLers which slows down the velocity of [ahem] 'money'.  Then again, we all know that its use as an exchange mechanism is just one of thousands of tricks Bitcoin will have up its sleeve, so very difficult to pin the donkey on the tail (no I didn't get that the wrong way around).

I would say it's near to its real value as it is (perhaps a tad over), but within the comfortable variation of market movements.  If it gets 30 months ahead of itself it will just reach a point where it keeps coming down until it reaches its (hopefully improving) real value, then it'll be ready to take off again if it chooses.  Hopefully by that time (in a couple of years or more) it will be liquid enough not to have such wild swings, and average Joes will feel safer as an alternative to a bank to preserve and improve their savings at percentages they're capable of believing.

It's showing about 10% a month at the moment (with the occasional massive distortion) - sounds exceptional, but if you take the 'real' cost of living inflation out of that it changes from exceptional to just pretty damned good.  Unforeseen timing of expected events in banking will change those numbers of course.  Hard to compute that variable in without the proverbial crystal ball though.

well yeah there was a big growth in price though i hope that it was just the beginning, in my opinion the price will have a lot of potential to go up even more after this