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Title: [2014-12-18] The Currency That's Dropped Further Than the Rouble This Year: Bitc Post by: zakoliverz on December 18, 2014, 07:30:35 AM http://www.newsweek.com/bitcoin-worse-investment-rouble-2014-292851
The Currency That's Dropped Further Than the Rouble This Year: Bitcoin. According to Andrew Davies, a Newsweek business writer, it isn’t highly surprising the cryptocurrency has hit a rough patch as the novelty of bitcoin makes it highly sensitive to changes in the trading climate. “Right now people are feeling very worried and so are dumping holdings that they fear might fall sharply in value,” Davies says. “Bitcoin is a prime candidate for this treatment because its value depends always on what I call ‘the greater fool’ - i.e. someone who is willing to pay even more for it than you did in order to take it off your hands and give you a profit.” Davies adds. |