Bitcoin price cut in half in a day! Comments?Submitted by adampeart on Fri, 12/06/2013 - 23:50
Bitcoin went from 1250 dollars to $650 in a day. Safe investment? I think not. Uh any fool can see that a bubble was forming in the last 2 weeks many people tried to get rich, some did, but as most Ponzi schemes go most didn't. True its not a true Ponzi scheme but speculation definitely fueled the value. I still think there's value in bit coins, but I would put it more around $5 coin. Sure I wish I bought it at $5, I'd be a very wealthy man. But the surge from 100 to 1200 in about 2 months time is ridiculous don't you think? Pm's are STILL proving themselves as a much safer haven. What do you all think?