Learn from Myspace - Bitcoin is going to 55$

[freightjoe]

At the peak, Myspace had a value of 12 billion $. Once the users no longer felt it provided value to them the value dropped to 35 million $.

Bitcoin has now stopped giving value. We even see many supporters in this forum express disgust at what Bitcoin has now become - extremely long transaction times, extremely high transaction costs, it clearly does not work as a practical currency.

Bitcoin could therefore see the same drop in value as Myspace - and this means a drop from 19000$ down to 55$