Quote:
Originally Posted by BlackCrayon
not even comparable. the price of bitcoins is all based on speculation right now. non tangible items like bitcoin can't live on speculation forever. if they are not actually used for something (besides buying illegal shit) by a large segment of the population prices will eventually drop over time to maybe $10-20 per. i think this is just reality. i consider myself highly skeptical but not a hater. i am still on fence about buying some. i've lost way more money on other things in the past.
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The average and stable price of bitcoin was originally around the $10-20 area both before and after the great pitfall to 50cents/coin. It only shot up when mass media got all these crazies to invest in it. I personally agree that it will go back to that price range. But you never know now that all these big wig investors (besides the mafia) have dumped money into it.