Post
Topic
Board Beginners & Help
Re: Bitcoin prices falling!
by
Swishercutter
on 12/10/2011, 03:53:40 UTC
What is your reasons for picking $2-3?

BTC's were slowly rising from $1-$2/$3 before the artificially induced bubble. My belief is that $2-$3 is the true value of BTC's at this time.

What is your evidence that the bubble was artificially induced?
I was there?

The bubble was mainly due to media hype - national and global media reporting about silkroad etc. However, this is just my opinion Wink

It was up to $9 before the silk road article.  The crash from $30 was caused by a combination of the Allinvain BS and Mt.Gox hack.