Post
Topic
Board Beginners & Help
Re: Reason for current Bitcoin crash
by
red_dog007
on 20/08/2012, 01:30:27 UTC
Even if Bitcoin gets in the news in a negative light, that is only short term.  Long term it seems like it would be beneficial because Bitcoin is getting attention, getting the word spread around. 

Even currencies, stocks, and other types of investments have ups and downs.  For anyone to even really put Bitcoin in the news, even if negative is good imo.  Kinda legitimizes bitcoin as an investment outlet.  Just that many more people know about it and will research it. Investments usually really only make the news too if sometime bad happens, unless you are a large booming industry like Apple.  Then you are always in the news good or bad.

I look at the market a lot like a stock.  Very risky, but can be very profitable.  Stocks can have have crazy ups and downs too.  Just because the stock is $8 today doesn't mean that it can't be $50 the same time next year or even regain all its losses within a couple days.  Or even go lower.