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Well it was nearly $20k in December, so I'd say having it fall below $9k less than 2 months later is pretty significant.
by RKearney 9y ago
Well it was nearly $20k in December, so I'd say having it fall below $9k less than 2 months later is pretty significant.
- cptskippy 9y agoNot when it was that price 2 months earlier. Why wouldn't you expect a rapid decent immediately following a skyrocket?
- TylerE 9y agoBecause currencies aren't supposed to fluctuate by 50% in a 1 month span.
- jhiska 9y agoIs Bitcoin a currency?
- Im_Mr_Manager 9y agoApparently it is a better value store than gold. There goes -50% of that stored value I guess.
- chabes 9y agoOnly if you stored that value at the peak. If you stored that value a few years ago, it's not that big of a deal to be back to the price it was in November (which itself was pretty incredible)
- 0wing 9y agoSo you're saying Bitcoin is only good for early adopters and it's dangerous for new users to use Bitcoin because they could lose all their stored value when early adopters cash out? Hmmmmmmmmmmmmmmmmmmmmmmm.........
- SAI_Peregrinus 9y agoWhat does that have to do with bitcoin?
- cptskippy 9y agoI agree and following that reasoning a 50% upward trend should be very alarming because it screams manipulation. When an event like that occurs you should very much expect a correction, and when that correction occurs it should be expected and not a surprise. What baffles me is that everyone involved in BTC accepted the 50% upward fluctuation. When the obvious correction occurred they were all surprised and started saying just what you did, that currencies aren't suppose to fluctuate by 50% in a month. How didn't you see this coming and why do you still consider BTC a currency in light of this event?
- free2rhyme214 9y agoIt would be significant if crypto was like the traditional stock market.
- stephengillie 9y agoIt's frustrating hearing Bloomberg news talk about XBT as though it's a stock you can buy.
- davesque 9y agoWouldn't be the first time that Bitcoin has shot up 10x and then lost half its value in rapid succession.