Post
Topic
Board Bitcoin Discussion
Re: At what price do you think Bitcoins will begin to rebound?
by
dank
on 05/07/2011, 16:57:10 UTC
It's going to be stuck at ~$10 for a long time, it will be the most stable it has ever been, then slowly drop lower as people realise that the cause is dead.

When the new currency arrives it will drop to $1.

I always chuckle when I read that Bitcoin will become worthless when a new currency arrives.

Not sure if you have actually used the internet over the last 20 years, but usually when an idea comes along and it gets a decent following it isn't just copied, it's copied a LOT. It is inevitable that something Bitcoin inspired is going to come along.
Just because a new currency comes along doesn't mean it has value.