Backer defends virtual currency Bitcoin after big fall

[jes]

Backer defends virtual currency Bitcoin after big fall

The volatility of virtual currency Bitcoin is a sign of “growing pains” rather than fundamental problems, its backer said on Thursday, a day after the currency lost 50 percent in value.

 

[HavocXphere]

Well thats underwhelming. I called for a proper crash...not a damn 50% crash. Though given recent beta I'm willing to stick to my guns.

I rate 20 USD within 2 months.

 

[shogun]

Interesting article

http://www.economist.com/news/finan...-may-make-dent-financial-world-mining-digital

 

[Other Pineapple Smurf]

Well thats underwhelming. I called for a proper crash...not a damn 50% crash. Though given recent beta I'm willing to stick to my guns.

I rate 20 USD within 2 months.

Going to agree with you

 

[MKFrost]

An important thing to remember.....

BitCoin came about to create a currency that could not be manipulated by the central banks and that was thus free of things affecting our current paper currencies.

However.... anything with a price that is being traded on the 'free market' is open to manipulation of some sort and to some degree. It all just depends on how deep the pockets are of those doing the manipulation.