Post
Topic
Board Speculation
Re: Why Bitcoin price are dropping?
by
arieq
on 22/12/2014, 13:59:29 UTC
The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.
   

Of course it's dropping. It took a big hit recently and look at the price compared to this time last year. I think it's lost nearly 2/3 of its value since then.

It dropped from the ATH because a high price between 700$ and 1100$ was not sustainable. 320$ is still high compared to the average price of 2013

yeah btc was stronger last year when the market cap was over 8 billion, now it's sitting under 5. A bitecoin miner now can only hope the price goes up so he can actually get an ROI to pay for his miner..