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RE: Why I don't think Bitcoin will go below 3k in the next three months

in #bitcoin6 years ago

I think the initial hype on crypto currencies are settling down and that’s why you see the price is dropping and somewhat settling as more and more people are having their say in what the price they think bitcoin is really worth. The strength of bitcoin lies on the fact of scarcity and though price can trade in the range for few months but eventually it will go up as more and more underlying technology is accepted by mainstream.