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re: Oh No, Bitcoins Trading <$100...

Posted on 5/2/13 at 10:28 pm to
Posted by LSURussian
Member since Feb 2005
128376 posts
Posted on 5/2/13 at 10:28 pm to
quote:

Imagine the geeky early adopter who's seen his bitcoins from being worth a few cents to $266.
It works both ways.
Imagine those bitcoinistas who were gullible enough to buy at $266 and tonight see it down to $98 as I type this having seen their "currency" lose over 60% of its purchasing power in three weeks.
Posted by joshnorris14
Florida
Member since Jan 2009
45657 posts
Posted on 5/2/13 at 10:33 pm to
quote:

It works both ways.


It's not as interesting. The early adopters have been through both. It was kind of cool to watch during the April bubble on Reddit as these early adopters were driving themselves crazy because of their situations.
Posted by txtiger21
Dallas, TX
Member since Jul 2010
304 posts
Posted on 5/3/13 at 8:11 am to
quote:

tonight see it down to $98


I wouldn't want to wake up to see my dollar worth 80 cents the next morning either. Way too volatile to have any real use.
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