Post
Topic
Board Beginners & Help
Re: Crash coming?
by
jfhoff
on 08/04/2013, 17:15:33 UTC
I don't think that orthodox prediction methods, which predict a crash, apply well to bitcoin. Bitcoin has no intrinsic value in the orthodox sense, which says it never should have risen in the first place.

Bitcoin will avert a crash if its usability as a medium of exchange can catch up to its speculative value. If many merchants (or just one like Amazon) adopt it, it will continue to grow to truly stratospheric heights.

Just today, a major NY landlord agency adopted bitcoin as a payment option.