Post
Topic
Board Economics
Re: Let's Be Honest. We Are Waiting for $100/BTC to buy
by
darkangel11
on 25/03/2015, 05:33:55 UTC
I own some BTC and I'm not planning to buy more at any price. If it goes to $100 I won't invest more in a dying project. If it goes to $1000 I also won't buy more because I won't be able to afford it.

$100 will not mean Bitcoin is dying. If price decline is a measure of dying, then Bitcoin has died several times. And then rose again like Phoenix.

See how many times Bitcoin has 'died':
http://bitcoinobituaries.com/

We are not talking about a simple price decline but a 90% decrease of value of a developing product. Ever heard of such thing happening to a technology that is supposed to be a breakthrough? If this happens it means  all the money that came into the coin in the last 2 years is now out, it's really that simple.