Public confidence in it has been dropping after the whole Mt Gox thing. On top of that, you have people investing in other bitcoin alternatives without the same success that bitcoin had.
MtGox happened quite a long time ago, which has nothing to do with the collapse of the price this time. 
Topic: Do you think there's any future in Bitcoin? - page 3. (Read 2604 times)
Public confidence in it has been dropping after the whole Mt Gox thing. On top of that, you have people investing in other bitcoin alternatives without the same success that bitcoin had.
You will probably better understand the future of bitcoin when your bank collapses and will be bailed-in with creditor's money
Either way, onced it hits a certain level, it will trigger a massive sell off which will further push the price down, or even cause a crash. My prediction for that level is somewhere around $200-300 where the bitcoin fever started picking up last year
The price is dropping for no reason. Some says its falling out of favor since public interest is waning, some say its just maturing.
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