Post
Topic
Board Bitcoin Discussion
Re: OUCH! More Bad Bitcoin News...
by
barryblogs
on 13/02/2014, 23:37:35 UTC
Nothing goes up in a straight line. Nothing.

Those of us around Bitcoin a while are very familiar with price dips. I view it as a great thing. People get so caught up on the price. Everybody views Bitcoin as some weird stock/investment anomaly. Bitcoin is a cur-ren-cy. Hint: a currency doesn't work if only a few people hold it. The cheaper Bitcoins are the more people can afford to access some significant number of them. Long periods of cheap Bitcoin prices mean more even and widespread distribution.

That's a good point.  I'm still new to bitcoin.  Any chance the US would ever make it illegal?