Putting aside the lack of a Bitcoin’s intrinsic value, what market need does Bitcoin satisfy to justify the $650 (and dropping) price per coin? Bitcoiners argue greater world wide adoption will drive the price of Bitcoin further into the stratosphere. I disagree.
Bitcoin has Dropped over 25% since Overstock Starting Accepting it as Payment
Wider Bitcoin adoption recently has not led to a higher Bitcoin price. In the past three months we have seen an acceleration in the number of merchants accepting Bitcoin, including online retailer Overstock.
goodbye MTGOX, you catalyst you! Won't be long now before BTC is regulated to protect the BTC faithful from BTC. There goes all the rhetoric of BTC, right out the window. Just a guess but i do believe BTC regulations are coming soon.
CRASH BITCOIN, BUY SILVER!