Post
Topic
Board Speculation
Re: The bitcoin price crashes - here's why
by
halfawake
on 31/01/2015, 01:37:29 UTC
Sanity will prevail, when speculators exit the trading and Whale hoarders bought up all the cheap coins.  Wink

This is hilarious.  Want to know why bitcoin really crashed?  It's because it's being adopted like crazy, by businesses, but they're only using it as an ATM, not as a currency - in other words, a cheaper way to get money than credit cards.

The other reason?  Speculators.  That's right, speculators.  Speculators have left the building, and that's why the price plummeted.  If there were still a bunch of speculators out there expecting the price of bitcoin to go up, you can bet it would be going up, not down.  It's basic supply and demand.