Post
Topic
Board Economics
Re: Bitcoin is the chart of the day on the Economist
by
rta
on 20/03/2013, 22:16:23 UTC

Oh yeah, the same thing the analysts told when people talked about a housing bubble. And last year?
Jan 15th: 1BTC = 10,50€
Feb 16th: 1BTC = 16€  ->  +50% growth within one month. Did get Bitcoins more attraktive? Can you buy now from Amazon? In bars? No!)
5March: 1BTC = 25€ ->  + 50% growth withing a half month. Again, Bitcoins did not get substantiall more valuable)
20Mrch: 1BTC = 50€-> +100% within another half month. Again, no big change in termes of attractivness to Bitcoin occured).

400% in 2 months but nothing happened to justify this change? I'm really a big fan of Bitcoin. But in my opinion it would be madness to buy now (a big amount for investment).

Well, quite a few things that can justify an increase in value have happened. Reddit&co, traditional gambling sites and Cyprus being the major ones IMO. Still, I do agree that the value may be rising too fast now, so personally I would welcome a dip to enable me to transfer more money into bitcoin at good rates. [Disclaimer: I have savings in Europe]