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Old December 18 2013, 06:36 PM   #31
Robert Maxwell
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Re: Bitcoin - What exactly is the big deal?

The value is basically where it was back in late November.

This is why Bitcoin really sucks as a store of value, at least for now. Something so volatile is difficult to trust as being worth anything over the long term.

The US dollar doesn't double in value for a week then plummet by half the next, for instance.

This reinforces my belief that BTC prices are driven more by speculation than an actual perception of value or any measure of utility.

By the way, this is apparently why it's crashing.
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Last edited by Robert Maxwell; December 18 2013 at 07:26 PM.
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