Post
Topic
Board Economics
Re: BTC will be below $11 by Tuesday, probably be below $7 by Friday.
by
m0ep
on 11/06/2011, 17:47:26 UTC
Possibly these very negative posts do serve a good purpose.  By scaring away speculator noobs who are here just to make a quick buck and don't really understand what bitcoin is, it reduces the risk to the rest of us that someone will lose a pile of money, run to their congressman to whine about it which in turn brings a lot of ill-conceived government regulation.

By maintaining this as a community of bitcoin devotees who understand this is more than a get-rich-quick scheme, we will grow more steadily and on a firmer foundation.



Like that one Smiley I guess it was just a matter of time that price would drop, however I don't agree will all the folks claiming bitcoin's exchange rate will be 5$ in a few days Wink What I don't like about this price drop is that it might scare away shops that accept Bitcoin..