Bitcoin: When There’s No Way to Predict What Will Happen Next

Bitcoin is currently hovering at around $220.
Recently, the question was asked whether or not a recent drop to $215 was the lowest we’ll see. Many of us would certainly like to believe so, but if there is anything that bitcoin has taught us, it’s that we can never be too sure, and more than anything we should never get too comfortable as it’s nearly impossible to predict specifically what’s going to happen next.
The massive price drops over the last several weeks have continued to affect a great number of enthusiasts, and right when we all thought that things couldn’t get any worse, they sometimes did. Back in January we witnessed prices floating through the $100 range, and that scared a lot of people. The price has since rebounded and jumped into the low 200s, and while this news can indeed be celebrated, it’s still not enough. Many of us know that bitcoin can do better. Furthermore, many of us want it to do better.

This post was published at NewsBTC on February 11, 2015.