Maybe it is being the pool of available bitcoins is nearly dried up and what is still left out there takes much, much longer to mine. The excitement over the currency really came from the fact that you could mine the currency and watch it go up in value. If the pool is drying out there is only so much currency to go around. At the limited amount of coins bitcoin can have available it isn't enough to sustain its use indefinitely.
Um.....maybe it's because Bitcoins were created with a maximum number of coins possible and most of them are now on the market or sitting in wallets?? The only way for the value to go is down from here.
That, and they were sought after as a tax haven and volatile investment that had up and down swings. Now that a lot of countries are recognizing it as a currency, it's just going to be another form of taxable income.
Another reason to avoid this ridiculous fad.
Alex Jones Reuben Perry hahahahahahaha
Oh Boo [censored]QQ lol
Lol retribution! Maybe vid card prices will go down now?
I'm gonna out and admit that I've never quite understood this whole Bitcoin thing...and seeing how volatile it's become, I'm glad I never really understood it lol.
im with you ... I know lots of places are backing it, I just dont see how its practical when someone could steal huge amounts by hacking.
yeeaa like it was only Bitcoin. The Dow Jones plummeted 273 points yesterday, and all other markets followed suits. They also bounced back reasonable well today.