Post
Topic
Board Beginners & Help
Re: Holy Shit! Bitcoin is tanking!
by
hlynur
on 12/04/2013, 05:45:50 UTC
every newbie to bitcoin has to realize that we take part in an experiment whose outcome lays in the future 5 to 10 years.
it's not about the quick buck.
I watched the whole thing just for about two months before i decided to take a ride.
and got burned heavily in the last to days (ran right into the constructed bulltrap after the big crash at 260$, buying at 160$)
but as long as its just some of my money that was lying around, doing nothing but loosing value over the time (I'm in €-land)
I couldn't care less.
the problem at the moment is the centralisation of bitcoin with mt. gox trading more than half of the supply, so every other exchange is running behind them like little ducklings.
but that problem is regulating itself already with people moving more to the other exchanges.
in this way it's more difficult for the big players to disturb the whole market with their pumping and dumping style.
i think decentralisation will relax this whole thing and the ride is getting smoother and more stable.