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The Latest BitCoin Bubble has burst

Discussion in 'Making Money' started by Thub15, May 17, 2013.

  1. Thub15

    Thub15 Regular Member

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    A month ago I was looking at bitcoin when it was priced at $40 something. It surged to $147 like two weeks ago. Now it's down to $112. I wish I would have bought at $47, but I'm not worried.
     
  2. Sam Woods

    Sam Woods Junior Member

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    But now as it's fallen, isn't everyone (or at least a lot) going to jump ship and cause the price to plummet even more?
     
  3. Mike Chun

    Mike Chun Newbie

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    They seem to be stabilizing at around 110
     
  4. Dr. Dan

    Dr. Dan Newbie

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    There are news that the US wants to regulate it. They closed several of the biggest internet bitcoin exchanges....
    So maybe not buying wasn't the worst choice (;
     
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  5. Sam Woods

    Sam Woods Junior Member

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    'regulate' lol. More like they want to get a piece of the pie
     
  6. prab1996

    prab1996 Elite Member

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    every thing falls , then it climbs .

    this is LIFE .
     
  7. W9go

    W9go Jr. VIP Jr. VIP Premium Member

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    surprise surprise ;)
     
  8. peterno

    peterno Registered Member

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    It down maybe the demand are low or now one willing to use bitcoin payment gate.
     
  9. donduck

    donduck Junior Member

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    bitcoin was about $2 about 18 months ago it when to about $266 and is now about $116 which is a very high price

    it is high risk
     
  10. aldoraine

    aldoraine Regular Member

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    It's dropping because early investors are booking profits and selling off. Also, the US and other countries are attempting to destabilize it through regulation. By saying this the BC loses some of its appeal to the masses.
     
  11. bobo4u

    bobo4u Registered Member

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    If you missed the bitcoins train, try litecoins. They are quite cheap right now.
     
  12. gcgipson

    gcgipson Junior Member

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    I have become a believer in BitCoins now, and the way I see it, the dramatic price ride was due to BitCoin's growing pains. The ability to pay anyone or receive payments instantly from anyone in the world, without a middle man like PayPal, is definately the payment technology of the future. BitCoin has its flaws, no doubt, but anyone who is in the business of receiving or sending payments online should difinately get behind it. Right now, unfortunately, people are using BitCoin like Forex, and this, I feel, is a bit of a shame because the technology has so much more potential behind it.
     
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  13. Sneeks

    Sneeks Jr. VIP Jr. VIP

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    I'm looking to buy 1/10 of a bitcoin now ;-) hehe. via paypal.
     
  14. Qokaine

    Qokaine Regular Member

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    i would not put money into something that can crash cuz of ddos attacks on mtgox
     
  15. terengganu.boy

    terengganu.boy Registered Member

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    so u mean bitcoin is not a safe currency?easy to be hack or something...

    Sent from my i9400 using Tapatalk 2
     
  16. chansyoman

    chansyoman Newbie

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    Cryptocurrency is worthless but worth it.
     
  17. Garcian

    Garcian Registered Member

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    Bitcoins and litecoins are only going to increase in value as people get more paranoid, want more "privacy", want to try something new etc etc.
     
  18. toyou

    toyou Newbie

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    bitcoin is not safe currency