Post
Topic
Board Speculation
Re: BTC price collapse!
by
error
on 03/08/2011, 21:16:11 UTC
Panic selling from irrational people. Buy them while they're cheap Smiley

This only works if you can find someone to sell them to at a higher price, or buy something useful with them.

The irrational people are the ones who expected this to hit $1000.  They didn't realize that it was just a few rational people riding it up, and were rational enough to get out once the new money stopped coming in.

I can always buy something useful with bitcoins. There are plenty of merchants out there. Smiley

As for $1000, I don't expect to see that anytime before 2020. Though I could be wrong.