Unless something catastrophic happened. Like cars were against the law.
Obviously I'm new and I'm not going to make too many friends while arguing against bitcoin going up, but its similar to gold. People not trusting currency have gone into gold traditionally. Even with that, gold is going into the deflation territory primarily because of supply and demand. So its not unreasonable to assume that unless you have more avenues of demand for bitcoin (other than drugs and guns), it can and should go down.
Funny I thought this was the newbies forum, guess this where experts hang out...
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Topic
BoardMicro Earnings
Re: FREE BITCOIN Sites *and* Free Newbie Lotto
by
anpk
on 16/04/2013, 17:05:10 UTC
thanks for helping out newbies
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Topic
BoardBeginners & Help
Re: What could cause a single digit crash...and could bitcoin recover?
by
anpk
on 16/04/2013, 17:00:13 UTC
Why does it have to be anything catastrophic? If it can go up 10 times in a few months, no reason why it could not go down 10 times into single digits.
Bitcoin still has no real demand other than hoarding....
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BoardBeginners & Help
Re: Newbie restrictions
by
anpk
on 16/04/2013, 16:57:47 UTC
wow didn't realize there was a 50 post limit once
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Topic
BoardBeginners & Help
Re: Introduce yourself :)
by
anpk
on 15/04/2013, 02:24:51 UTC
The crash got me interested in bitcoin. I'm as new as they get.