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Bitcoin Forum > Economy > Economics > Speculation > We wont be seeing 1000dollars again unless some biiiig good news come unraveling
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Solarstorm75
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February 20, 2014, 10:57:12 PM
 #21
Quote from: Cyberlight on February 20, 2014, 05:47:01 PM
Bitcoin merchants grow by the day, more and more companies accept bitcoin. The MtGox problem is good for long term, it will radically change things.

Most bitcoin merchants have to instantly sell their BTC into FIAT. If the growth rate of Bitcoin newbies and their pumping of fresh FIAT into exchanges is lower than the growth of bitcoin merchants FIAT demands, the price of BTC will drop over the time.
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