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Yes, Bitcoin dropped 40% today- but keep in mind that on any average day it swings 20%. If you invest because you believe in the underlying technology, you'll
by DustinCalim 13y ago
Yes, Bitcoin dropped 40% today- but keep in mind that on any average day it swings 20%.
If you invest because you believe in the underlying technology, you'll have to ride out the volatility waves until it matures(or dies).
But, it's going to take more than people holding onto their bitcoins and waiting for the value to go up- people need to spend them on things for it to work.
- haakon 13y ago20% swings over the course of a day is not at all average, and is in fact seen as quite dramatical.