Investor and entrepreneur Vinny Lingham also expects a price rally should the number of bitcoin owners willing to sell decline. Under these conditions, bitcoin prices should enjoy "slow but steady increases," he said.
^^We will see.
Depending on how things turn out following the halving, Lingham projects bitcoin could enter a "longer term (3-6 month) consolidation phase" following halving day where it seeks "a new price floor with high volatility" that he guesses could be "in the $400-$500 range".
^^After watching bitcoin slip 20 bucks yesterday anything could happen really soon.
"I think that, like a stock split, we will see a natural initial devaluation per bitcoin,” he told CoinDesk.
"That said, I expect the price to rise almost to current levels rather more quickly than if it were an actual stock, based on extreme bullishness from the sector."
^^ openly optimistic
More contrary spec
While the aforementioned experts spoke to rallies and declines, Arthur Hayes, co-founder and CEO of bitcoin leverage trading platform BitMEX, asserted that the halving will have no impact on the market."My baseline projection is that the halving will have zero effect on the bitcoin price," he told CoinDesk. "The reduction of bitcoin inflation is such a small amount compared with averaged daily trading volume that is a well hyped distraction."He elaborated by stating that if bitcoin’s price were still between $300 and $400, the “halving might have a significant impact on whether miners continued operations", but that at $600 to $700, he doesn't believe it will be a factor.
Source: http://www.coindesk.com/bitcoin-halving-2016-will-price-rise-fall/
My thoughts are this: ANYTHING or NOTHING could happen. I am expecting a tiny bump in price the day of halving and a generous upswing soon after.
We shall see....
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Hello from the USA :)
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