Bitcoins

MercilessKiller

dryhat wrote: »

Yesterday and the day before I said I was expecting a pullback.

And I don't expect anyone to follow my advice anyway.

It was more the reference to the "it's not a gamble" comment

dryhat

MercilessKiller wrote: »

It was more the reference to the "it's not a gamble" comment

Big swings over the short term are inevitable and timing those is difficult, which gives the impression of gambling.

However, over the mid to long term range, Bitcoin is not a gamble.

Yes, it could go either way but there are more reasons for it to rise in value than fall.

JohnRo

Speculators are skewing the short term market value. If you see the future potential and want a stake in that future then the price fluctuations now in terms of bank tickets is irrelevant.

BoracicLint

spacey2012 wrote: »

The live price site is mysteriously off-line and showing yesterdays "back up" price due to server problems ?

Which site? You can obtain a market price from any one of the dozens of exchanges, however they will all differ as they are driven by the demand in their respective jurisdictions. I use mtgox as a yard stick for the current price.

BoracicLint

spacey2012 wrote: »

The live price site is mysteriously off-line and showing yesterdays "back up" price due to server problems ?

This brings me onto another of my concerns with BTC at the moment, the access to markets is limited via a small number of exchanges, and so if those exchanges can go 'off-line' (whether intentional or not) they can interrupt a significant volume of trade thus affecting the price.

dryhat

BoracicLint wrote: »

This brings me onto another of my concerns with BTC at the moment, the access to markets is limited via a small number of exchanges, and so if those exchanges can go 'off-line' (whether intentional or not) they can interrupt a significant volume of trade thus affecting the price.

Back in April, just before the crash, Mtgox was offline for hours and having difficulties handling high volumes.

By the time they got things sorted the price had dropped over 50% and some people lost a lot of money.

Thankfully the Bitcoin landscape is totally different now and they are no longer the single dominant exchange so their effect on the market as a whole has diminished.

Satoshi

bitcoin just halved in a few hours

not good for inspiring confidence.

hope people got out in time before the crash

blinko

MAJOR crash for bitcoin holders

JohnRo

Boracic,

Also easy to forget that this is still in its infancy and as such very much a work in progress. The piecemeal nature of the many trading solutions being offered will need a few more years to be refined and without too much doubt there will be casualties along the way.

There is constant innovation taking place in the integration process so it's just a matter of time before efficiency and convenience begin to facilitate more aggressive mainstream adoption.

Nice_Weather_For_Ducks

There is a lot of talk about possible "bubbles" at the moment, bonds, house prices, shares etc

But Bitcoin is in the end-stage of a bona fide bubble right now.