Would Bitcoin fall off a cliff if it dropped to $100 or $150?
Submitted by brad on Tue, 2015-02-03 21:29Bitcoin's been on a long decline over the past year, and today is around $220 per coin. The value has always been based on speculation about Bitcoin's future value, not its present value, so it's been very hard to predict and investment in the coins has been risky.
Some thinking led me to a scary conclusion. Recent news has revealed that a number of "cloud mining" companies have shut down after the price drop. Let me explain why.




