Post
Topic
Board Economics
Re: Why do people keep saying BTC is dead?!
by
slipy
on 16/02/2014, 13:07:09 UTC
Huge number of people got into BTC in 2013 as a speculation vehicle, not as believers in the technology or with an understanding of why its politically/philosophically important.

Just Lizard brained dipshits, basically.

Now they grow weary of the joyride and might even cashout as bitter losers if the bought in Dec2013.
Eventually those people will turn profitable but it's going to take a while. Luckily I never bought when the price got over $1000/BTC. It seems to rise too quickly and would eventually drop anyway. I think we have hit the bottom now and as you can see bitcoin is slowly making it's way up again.