Bitcoin Forum
April 26, 2019, 02:56:49 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-08-07] Could the so-called Bitcoin 'price crash' be good for the cryptocur  (Read 5787 times)
erono
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
August 07, 2014, 01:59:20 AM
 #1

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.

1556290609
Hero Member
*
Offline Offline

Posts: 1556290609

View Profile Personal Message (Offline)

Ignore
1556290609
Reply with quote  #2

1556290609
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1556290609
Hero Member
*
Offline Offline

Posts: 1556290609

View Profile Personal Message (Offline)

Ignore
1556290609
Reply with quote  #2

1556290609
Report to moderator
1556290609
Hero Member
*
Offline Offline

Posts: 1556290609

View Profile Personal Message (Offline)

Ignore
1556290609
Reply with quote  #2

1556290609
Report to moderator
Kprawn
Legendary
*
Offline Offline

Activity: 1722
Merit: 1053


View Profile
August 07, 2014, 03:43:22 PM
 #2

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.

Signature space available for your Ads :-.>
Ron~Popeil
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
August 07, 2014, 03:57:25 PM
 #3

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.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!