Post
Topic
Board Speculation
Topic OP
Why are people predicting the price going down? I predict it steadily growing
by
etheral
on 19/10/2014, 12:15:41 UTC
http://puu.sh/cipnn/5314307f71.png

If we ignore the crazy ups and downs caused by the speculators, Bitcoin grew about a 100% this year, it's not that crazy for such a new technology

I predict a minimum of 50% growth by the next year, with a maximum being unpredictable at this point

Black markets are thriving, bitcoin IS used for a real exchange and it cannot be easily replaced, whether some people like this or not. This is what really support the bitcoin economy right now and people failing to see that are missing some critical points, if not for black markets, we would have seen bitcoin prices falling to $50, 100$ but there is a large group of people that USE bitcoins in large amounts for real purchases.

I can't see people starting to use Bitcoins for everyday purchases any time soon unless we are hit by a disastrous economic downfall that threatens people savings (which is very possible in the future)
Recent stock prices fall and governments around the world lowering interest rates again.
Uncertainty in the Euro zone.

Just my thoughts