Post
Topic
Board Speculation
Re: why the bitcoin price is going down ?
by
jjacob
on 05/10/2014, 02:16:46 UTC
Everyone is selling right now because they think the price go lower.. (maybe will happen) so they wont lose a lot of money

Ding, ding, ding we have a winner, but why do they think the price is going to go down? Because bitcoin's value was blown way out of proportion by speculators and the mt gox fraud, now it will go down to the a market cap that is some where near what is need to facilitate trades, which is like 20 bucks.

What is needed to facilitate trades is not a small / high market cap, but stability.  Smiley