Bitcoim mini bubblre burst. Any thoughts?

[greenarrow_23]

After breaking all time high, tumbled 20% yesterday. Any thoughts on the future of cryptocurrency?

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[lee_tired_sheep]

Not investable until they find a way to securely store

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[djchris]

If you treat it as a investment product, it's the high risk high return kind. But if you treat it as a currency, I'd stay clear because for a currency to fluctuate up down 20% at one go, it means there's no security in holding that currency.

 

[frenchbriefs]

ultimately the currency has to be backed by something,the economy or gold.....but bitcoin is backed by nothing so the value is arbitrary.....it is mainly driven by demand......part of the reason for the recent bubble was india and china's crackdown on currency outflow so bitcoin became a substitute for yuan and rupee transactions.

 

[Shion]

網上虛擬貨幣我認爲風險較大，波動範圍也會比真正的貨幣來得廣吧？

怎麽看起來胡亂炒作價錢也沒問題，畢竟管制也沒有那麽嚴，甚至是完全不存在

 

[FreedomAngelz]

ultimately the currency has to be backed by something,the economy or gold.....but bitcoin is backed by nothing so the value is arbitrary.....it is mainly driven by demand......part of the reason for the recent bubble was india and china's crackdown on currency outflow so bitcoin became a substitute for yuan and rupee transactions.

I prefer Bitgold than Bitcoin

 

[havetheveryfun]

where got burst? only down like $100 plus .. it is still higher than before trump won the election

 

[koja6049]

bitcoin is not a currency

 

[lee_tired_sheep]

Howdya like them apples?

 

[koreanlover]

Speculative, win big lose big.

 

[tarui04]

no wonder ppl say sinkies not creative,
anything out of ordinary = bad, evil, dont touch.

keep money in biscuit tins better.


price Drop to some is "bubble burst", to others might be an opportunity to buy.