Bitcoin Forum

Bitcoin => Press => Topic started by: erono on August 07, 2014, 01:59:20 AM



Title: [2014-08-07] Could the so-called Bitcoin 'price crash' be good for the cryptocur
Post by: erono on August 07, 2014, 01:59:20 AM
http://blogs.telegraph.co.uk/technology/willardfoxton2/100014074/could-the-so-called-bitcoin-price-crash-be-good-for-the-cryptocurrency/

Over the last few months, the price of Bitcoin has gently slumped; at the time of writing, they are worth just under $600 each, and have been about that for several months.

Previously, Bitcoin has been incredibly vulnerable to speculation driven by media reports; there's a big part of me that thinks that the reason the Winklevii went out and made their "$40,000" claim was to talk up the value after all, the "Winklevoss Bitcoin trust" set up by the brothers owns millions of dollars worth of the cryptocurrency.


Title: Re: [2014-08-07] Could the so-called Bitcoin 'price crash' be good for the cryptocur
Post by: Kprawn on August 07, 2014, 03:43:22 PM
What "price crash"? Look at the rest of that graph ---> https://blockchain.info/charts/market-price

It leveled out, and keeps a constant and non volatile price around $600 just as everyone has been asking it to be, which is better for merchant adoption.

They showing just the part where the price dropped, and that cause panic with newbies.


Title: Re: [2014-08-07] Could the so-called Bitcoin 'price crash' be good for the cryptocur
Post by: Ron~Popeil on August 07, 2014, 03:57:25 PM
I like the nice flat price. It eliminates the volatility that everyone whines about and gives me more time to accumulate bit coin. Once the price does begin that upward trajectory they will become much harder to come by.