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This was a drop over 12 days. It also dropped 20% in 4 days after hitting the $4500 all-time-high a month ago. It dropped 30% in 4 days after hitting the $3000
by qznc 9y ago
This was a drop over 12 days. It also dropped 20% in 4 days after hitting the $4500 all-time-high a month ago. It dropped 30% in 4 days after hitting the $3000 all-time-high three months ago. It dropped 30% in 2 days after hitting the $2700 all-time-high four months ago. Everything is fine.
- ckastner 9y agoI honestly can't tell whether you're being sarcastic or not.
- redog 9y agoNo, his numbers are correct. The drops always settle higher than last "crash"'s peak. How long it will continue is anyones guess.. I think It goes on for quite awhile longer. BTC will eventually get expensive very to create but if the network is being used those creators should have lots of fees to help cover their work. If they don't then they're going to stop mining.
- rothbardrand 9y agoIt started the year under $1,200. He's not being sarcastic, this is a very volatile currency. The reason is, it's not so much a currency as a store of value that is simultaneously benefiting from global bad monetary policy and the cycles of technology adoption. I don't even think Bitcoin has crossed the chasm. It's a new asset class.