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Title: [2014-08-17] So Much For that Boring Bitcoin Market Post by: zakoliverz on August 17, 2014, 04:22:29 AM http://blogs.wsj.com/moneybeat/2014/08/13/bitbeat-so-much-for-that-boring-bitcoin-market/
Ever since Monday, bitcoin has been under pressure, and today the floor got pulled out from under it. At one point, Coindesk’s Bitcoin Price Index got as low as $524.33, down 7.7% from Tuesday’s close. It has since rebounded a bit and is now off “just” 4.1%, but that kind of whiplash is discomforting to anyone who’d bought into the thesis that the digital currency was starting to exhibit the stability that would bolster its appeal as a medium of exchange. People tend not to like currencies whose exchange rates swing like this, not when its’ a frequent event. Title: Re: [2014-08-17] So Much For that Boring Bitcoin Market Post by: Bit_Happy on August 17, 2014, 05:55:29 PM Bitcoin "stability" vs Gold ...or "stability" vs fiat?
^^Which will happen first and/or who needs stability anyway, since a wild ride is much more fun and opens up many opportunities. :) |