Post
Topic
Board Speculation
Re: If Enough People Loose Their Money, Will Bitcoin Go Into a Long Bear Market?
by
riiiiising
on 31/12/2014, 18:51:11 UTC
Facts are we are really close to a bottom... I mean c'mon at $200 even I can afford to buy all the coins that are for sale... This is what is already happening & a lot of people refuse to sell around this 300 - 400 $ level so more and more coins are getting bought up everyday. Here on Broad St. in NYC I have never seen so many new comers buying their first BTC! 2015 should be an amazing year!

Yeah, maybe, but I doubt it. I'm not sure what is going to rally people in 2015? At least in spring 2013, people were excited about the notion of Cyprians using bitcoin as a store of value. I think it was very much overstated, but at least it was something. Then later in 2013, it was China and retail adoption, no?

Well, retail adoption has kind of sizzled out. The numbers coming are pretty disheartening. Consumers aren't interested, so where is there to go from here? I think many people who are buying now and thinking this is the bottom will be loosing even more money in 2015, that's all.