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Topic: [2015-01-05] Bitcoin Is Getting Smoked To Start The New Year (Read 1552 times)

legendary
Activity: 1820
Merit: 1001
Yeah, if you're long on any of the tech behing Bitcoin and believe it will help contribute to a higher price in the near to medium term future and beyond, then enjoy your last call opportunity to grab these buggers at basement floor prices.

with the prices that they are currently at are indeed nice and cheap but also begs the question it could easily go down even more as their is not much stopping it on markets from going to half or even 1/4th of the price it is now. If it does go lower then more will get into it and eventually prices will go back up and make a good recover but also comes down to supply and demands and right now their is not much demand than their was last year other than people trying to make a quick $ off it.
legendary
Activity: 1568
Merit: 1001
Yeah, if you're long on any of the tech behing Bitcoin and believe it will help contribute to a higher price in the near to medium term future and beyond, then enjoy your last call opportunity to grab these buggers at basement floor prices.
legendary
Activity: 1820
Merit: 1001
http://www.businessinsider.sg/bitcoin-is-getting-smoked-to-start-the-new-year-2015-1/#.VKoG_MmqCi8

Bitcoin is under $300 for the first time since November of 2013. It’s down ~16% to start 2015.
After peaking at $1,147.25 in December of 2013, it’s been one long, slow descent for Bitcoin.
It’s not good for Bitcoin, which had tremendous hype when its price was exploding. But, it’s not necessarily the worst thing in the world, either.

Well to be honest a lot of people who bought back up in the high 800s and didn't sell where in a way stupid because they have a long time waiting for it to claim back up. Even people at 600, 500, 400 are now in a waiting game or panic sell mode to make decisions, on holding or selling like many are doing causing the prices to go down even more. Do not forget its the time of the year too start of year where people looking for money because of expenses over Christmas and new year. Once Jan and Feb gone past. BTC should start to recover again. Until then happy buying at cheap prices. In a way its a fantastic start to the year for cheap coins again.
hero member
Activity: 536
Merit: 500
http://www.businessinsider.sg/bitcoin-is-getting-smoked-to-start-the-new-year-2015-1/#.VKoG_MmqCi8

Bitcoin is under $300 for the first time since November of 2013. It’s down ~16% to start 2015.
After peaking at $1,147.25 in December of 2013, it’s been one long, slow descent for Bitcoin.
It’s not good for Bitcoin, which had tremendous hype when its price was exploding. But, it’s not necessarily the worst thing in the world, either.
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