10 Apr '13, 2pm

Six Things That Could Cause Bitcoin Prices To Crash

Six Things That Could Cause Bitcoin Prices To Crash

A sating of demand. At some point, everyone who could ever learn about or use Bitcoin will know about it, and many of them will own it. Given the lack of awareness about Bitcoin among the general population, as well as the complexity and "friction" involved in owning Bitcoin, we are a long way from this point. A drop in the price of Bitcoin (for whatever reason). Another thing that could cause demand for Bitcoin to drop is a Bitcoin price crash. If Bitcoin prices crash, many of those who already own them will not want to own them anymore--and they'll jettison them. This will cause a further price crash, which will further reduce demand. Etc. A Bitcoin counterfeiting or hacking or theft scare. Bitcoin aficionados will smugly tell you that Bitcoin "can't be counterfeited." Please. Anything can be counterfeited. To counterfeit something, you don't have to create the actual th...

Full article: http://www.businessinsider.com/what-could-cause-bitcoin-p...

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