Price of Bitcoin Still Dropping, Falls Below the Price of Mining

[Searching_ _ _]

The price of Bitcoin continues to drop by about a dollar every week to ten days, currently settling at about $2.80 USD, and Bitcoin enthusiasts are starting to get worried. “I am not trying to cause a panic here, but the value of Bitcoin has dropped very low today with huge spikes,” one user wrote on the Bitcoin forum on Reddit. “I do suspect it will hit 1 USD mark this week maybe even lower.We need to be discussing thoroughly on promoting Bitcoin and actively putting more effort to spread the message to newer users as I do suspect the popularity is dropping very steeply too.”

Price of Bitcoin Still Dropping, Falls Below the Price of Mining - BetaBeat

[mirimir]

Wow. Back in the day, when mining was easy, I accumulated two thousand bitcoins, They were worth about $100. When bitcoins hit $20, I wished that I had hoarded them. Now it's just funny.

[Searching_ _ _]

I think the drop of bitcoins is the result of trojan bitcoin miners and the perpetrators dumping the currency onto the market to crash it's value and make it so it is not worth while for the average person to mine them. If it's value can fluctuate in the market then it's value can be manipulated just like any other currency.

[Fox Mulder]

I was wondering when the Bitcoin failboat would eventually sink. Looks like it will be pretty soon.

[x942]

Originally Posted by Searching_ _ _

I think the drop of bitcoins is the result of trojan bitcoin miners and the perpetrators dumping the currency onto the market to crash it's value and make it so it is not worth while for the average person to mine them. If it's value can fluctuate in the market then it's value can be manipulated just like any other currency.

Still have 500 BC here should have cashed out along time ago