Bitcoin Forum

Dropped from 30$ to 2.60 now... and still falling.

http://bitcoincharts.com/charts/chart.png?m=mtgoxUSD&v=1&t=S&noheader=1&height=80&width=750&r=60

Well some made money, others lost. Afterall a bitcoin is returning to its intrinsic value, which is ZERO.

It only went to $30 because some stupid dudes who thought they were smart took it to that point.

let it slide again to $0.80 and all will be fine ;)

i thought Bitcoin was bad b/c its a deflationary currency, rising in value with time, thus encouraging hoarding?

now Bitcoin is bad b/c its an inflationary currency, dropping in value with time, thus encouraging selling?

Which probably means you bought at 20 USD  :P

This forum is full of manipulative shitposting.

Bitcoin is intrinsically a deflationary currency.  That caused hoarding, which caused a bubble, which inevitably leads to a blowoff.  That's fun for experienced investors and traders, but the whole cycle is bad for what I want: something stable enough to use as a transactional currency.

The strong scent of pyramid is driving away the people we need to adopt it to start growing an economy.

Let me guess which category you fall into.  Besides it cant fall to zero. I have some coins I wont part with for less than $100.

if you're looking to get rid of your coins I'll take them off your hands  ;)
get out of the scam ASAP