Post
Topic
Board Speculation
Re: This crazy day shows that Bitcoin is not a bubble?
by
Zendata
on 11/04/2013, 00:32:05 UTC
It only fell to 105, and shot back to 190 within minutes. People started buying the cheap coins like crazy. Does not this promise well for the future of BTC?

No. A 50%+ crash in a couple of hours does not bode well for bitcoin, even if there is a full or partial price recovery.



Honestly this only shows how small bitcoin is compared to the rest of the world. I'd say give it a solid year or 2 if the given trends continue fully or steadily and bitcoin will suddenly not look so small.