Post
Topic
Board Speculation
Re: What the value of Bitcoin is going down? When would it be back up?
by
alamanjani
on 18/01/2015, 03:15:26 UTC
i want to know if anyone can answer a few questions with complete details please?

Why the value of Bitcoin is going down?

When would it be back up?

Would it ever goes back up like 2012 at $1,000?

What's really going on with bitcoin?

No one can answer on these questions.
One thing that is no question about is, BTC went to high to fast and it is now correcting.
It was in a bubble when 1 BTC was worth more than 1 ounce of gold.
Think about it, how much energy and man power and tones of dirt need to be processed to get one ounce of gold.

Also governments don't like bitcoin.
But they do like idea to have electronic currency, with unlimited printing.
So it is in central banks interest for bitcoin to die. Are they working on it?
Could be, it would not surprise me. Will they win? I hope not....