Quote from: kwukduck on July 22, 2015, 06:15:50 PM

If anything a big reason bitcoin will completely plummet is because of long time unmet expectations.
Many people have invested in bitcoin expecting big ROI. Ever since it's been getting hammered down and down over and over.
At one critical point these people will call quits and things will finally collapse.
This is why smart people call bitcoin a pyramid/ponzi scheme.
Wake up, don't be a bagholder.

I think there is a reasonable chance of people making some ROI at this price level. I mean there are 100's of millions of investor funds coming into companies like coinbase, xapo, etc that you've got to think that once they start putting some fund into widespread advertising, then a lot more people will start to buy and transact with btc.

So far I think their advertising and outreach has been fairly limited, and I'm assuming their investments have been mainly into their security, user-friendliness and their site design. Once they do start to try to attract more customers I think the price can stabilize.

But near term I agree, dont listen to the rediculous "predictions" on here, that only makes it look like a ponzi scheme