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comment by ironpotato
ironpotato  ·  3617 days ago  ·  link  ·    ·  parent  ·  post: The price of BTC is dropping precipitously.

I'm sure bitcoin will continue to be a niche thing (unless it becomes illegal) for a rather long time.

But there's definitely no reason to continue using it at this point. Most people were using it as a stock market and since the hype is gone most people are going to cut their losses and get out while they can. Driving the price further down. I don't think we'll see a real resurgence unless something groundbreaking happens. Bitcoins aren't easy to buy or use. Unless it becomes more accessible it most likely won't go any further.

Edit: not to mention all the hacking and scamming that goes on in that sector. Cryptocurrencies were a cool experiment that I hope leads to bigger and better things.