Quote:
Originally Posted by raymr
Buy low.....
|
Sell lower? I'm just joking, but the mtGox hack a while back took the price down to what? .01
I can't see how this is going to be any good with such volatility. How is a business going to sell anything in exchange for bitcoins if it's worth $100 on day and $50 the next? I think it would be fun to put some play money in. It probably has some more wild swings in the future.
@Diesel911. I doubt they can be counterfeited. Can they be stolen? Yes. MtGox the exchange/bank where most are traded was hacked 2 years ago. 500,000 bitcoins were reported stolen. That was around 1/13th of all bitcoins available. At that time they were worth around $17, can you imagine if that happened now or even a few days ago when they were worth $50 and $250 respectively?