Quote:
Originally Posted by crucifissio
if frank was here he would be like:
"imbecile! don't you see its stronger than EVER! you idiot! ill put you on ignore!"  |
well, the simple fact is it is stronger than ever. the decrease in valuation, imo, is due to media hype bringing in opportunistic investors who thought they could get rich in a couple months with exponential growth.
when they figured out they missed the rise, they cashed out. mtgox can certainly also be looked at as a reason for the selloff.
but there is gobs of vc money flowing in now, new ideas, roadblocks removed and the riffraff investors are moving on.
that all bodes well for btc.