Post
Topic
Board Bitcoin Discussion
Re: The sad truth about Bitcoin
by
GratefulCoin
on 18/12/2014, 07:17:26 UTC
As we can clearly see it has not been a good investment this year.  Rich people threw a lot of money at them as some sort of get even richer scheme.

2014 a Bad year for BTC investment for what specific reason? The 2014 Average is 3x higher than the 2013 average. The market price right now as it is dropping is still almost 2x above the 2013 average.
You are kidding right? All that matters to anyone that gets paid in bitcoin is the value of the bitcoin at the time they were paid and the value of bitcoin now (or when they exchanged it for fiat or goods if they have already done so). Someone that is trying to make a living is not going to care about any kind of average

The price of Bitcoin will drop to 30-50 USD within the next year.  Bitcoin is about to take another serious nose dive.