Re: CNNMoney - Where did bitcoin go wrong?

Quote from: abrahamlitcoin on November 02, 2014, 09:44:45 AM

Quote from: galdur on November 02, 2014, 07:52:21 AM

THEN: May 28th, 2014

BTC to break $2,000 mark by Christmas Experts

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

So, you can just imagine the staggering overinvestment NOW in bitcoin mining.

Maybe the market is just trying to get rid of overcapacity.

A few big bankruptcies in the coming months would probably do wonders.

I really hope that $2k mark will be reached after christmas

I´m very interested in quantity so I hope it just muddles through for the next 1-2 years, maybe in the 250-400 range or so.