Re:China bans new Bitcoin deposits
by meritt on Wednesday December 18, 2013 @03:56AM
(#6926530)
BTC will hit ~$400 before it stabilizes and resumes upward progression.
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That sounds reasonable. I've got some money sitting here waiting for something to invest in. I didn't want to get into bitcoin at $1000, but $400 looks pretty reasonable considering past performance.
Still, if China is really getting out of bitcoin, how much does that past performance still eman?
Re:China bans new Bitcoin deposits
by bendoernberg on Wednesday December 18, 2013 @04:57AM
(#6926729)
China only got in this fall. The price had stabilized around $100; since then there has been a massive increase in merchant adoption, VC investment, popular awareness and userbase. In my opinion, the past two months has absolutely added value to the Bitcoin network, and so I expect it to remain significantly above $100.