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612rat

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612rat

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Thursday, 05/28/2015 6:58:03 PM

Thursday, May 28, 2015 6:58:03 PM

Post# of 73703
Is The Price Of Bitcoin Going To Bounce Back?

"Many are arguing that bitcoin prices are going nowhere but down since the peak at $1200 in late 2013. I would argue that sure, there was a massive speculative peak, but bitcoin has been trading steadily at $200-$300 for the last several months. The efforts people are putting into mining bitcoin have not pulled back at all. And in the third quarter of 2016, the rate of new coin issuance drops by half, from the current 3600 coins/day to 1800 coins/day. Everybody can make whatever choice they are comfortable with, but I am very comfortable being long on bitcoin, and I’m going to remain so."

http://www.forbes.com/sites/quora/2015/05/28/is-the-price-of-bitcoin-going-to-bounce-back/
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