Post
Topic
Board Economics
Re: Is bitcoin dead?
by
manselr
on 06/07/2015, 17:18:34 UTC
I don't understand why people are crying and cribbing about some temporary price fall

Most people actually are considering wether BTC is dead by measuring it from its price and it is pretty much has become the standard things around here and so you can expect every single complaint the moment BTC is having a fall because some people expect that the price will be keep on rising. This happen pretty much every time there is a huge fall in the price however once the price goes back up, you can see the same people coming back up and shows us his joy over it

Some great quote regarding BTC price and this truly describe the situation around here

Code:
If BTC rise , people says thats a bubble and if BTC falls people says it is dead



The price of Bitcoin is completely irrelevant to it's health and future. Bitcoin is undervalued by several orders of magnitude. Only morons that can't think long term take investment decisions on current price alone. Those guys can't look at the big picture and will never make it.