Post
Topic
Board Economics
Re: Price Matters... And Here's Why
by
ranlo
on 14/01/2015, 06:46:04 UTC
Anyone else think a lower price is going to spread adoption more. No one wants to buy high & there are plenty of Newbies like me ready to catch some sub $200 coins Cool we could have a more natural growth after this. Bitcoin will be well over 1000 near the end of 2015 when it's more widespread.

As price goes down we lose more and more existing users. This is actually detrimental to the overall growth. There are already far too many stories about hacks and scams, with one site after another being included. Anyone I've talked to about BTC just refers to the numerous articles that show how insecure it is (with things like Mt. Gox, Bitstamp, etc. on the list) and how they would never put a cent into a dying system.