Post
Topic
Board Speculation
Re: BTC-E crash to $150!
by
xenofanesSkarak
on 27/07/2015, 10:19:35 UTC
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 would disagree. Other assests like gold or fiat currencies are also priced only according to trust. its all about trust. And bitcoin is amazing technology. I think its fair price should be around $10,000 if you compare it to worthless USD or physical gold which is useless too. Try to move 1 tone of gold or 1 tun of paper notes. But bitcoin weight notning, you can send it within a second.