We are less than a month and half before the expected halving, and the recent trends clearly indicate 450 is the preferred price for traders, Chinese or Western. Why? Because the miners, especially the ones in China, see it as the sweet spot. They don't want huge increase in price because it invites unwanted competition. The Chinese mining cartel intends to control the market, their first order of business is to drive out the small, home-based miners around the world. Those of you who bought S7 from Bitmain have shot themselves in their foot already. At least I do NOT mine on their Antpool, if you do, you are shooting yourself a second time.
make sense. no wonder it didn't break $500 even after all these hype lol.
so the price increase may just happen once small miners died out of starvation.
