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Topic: Downward trend imminent - page 6. (Read 9786 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 07, 2012, 02:57:55 PM
#2
That depends on what you see as downward trend, you mean mid term?
legendary
Activity: 1806
Merit: 1003
October 07, 2012, 02:48:13 PM
#1
GLBSE was a huge part of bitcoin usage, tons of bitcoin were deposited with them. Now they are gone, and once
users get their coin back, they have no where to put them, there are currently no viable GLBSE alternative.
Many user will likely to sell their coins for cash. The price has already crashed from $12 to $11, even when no
user has gotten their coin back yet, now imagine the price crash when the users get their coins back.
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