Post
Topic
Board Speculation
Re: what are your thoughts on recent price drop?
by
JimminyCricket
on 31/10/2014, 18:10:23 UTC
I think the general BTC decline is all down to the East European mining monopoly being broken by new Chinese farms.

It's dropped this week because it's sliding off a dead cat bounce.

Price growth in the first half of 2015 - not likely, IMO.

If anything, further price decline (caused by farms immediately selling as they mine) is likely. At some point a new equilibrium will be reached.