<<  >> (p.2)
    Author Topic: [FORTUNE] The clock is ticking on Bitcoin  (Read 10931 times)
    Freakin
    Full Member
    ***
    Offline Offline

    Activity: 154
    Merit: 100


    View Profile
    June 17, 2011, 08:31:41 PM
     #21

    Crash is a tricky word, but you certainly can't insist it only goes up up up when it's currently trading at <50% of it's high from a little over a week ago.  It is a *highly* volatile market and you can only say factually that it has gone from $.005 to it's current price of ~$14 for a 200k%+ increase.  That is 100% accurate and incredibly compelling.

    It's not 100% accurate, because you're leaving out the fact that on its way to the current price it achieved a high just over DOUBLE the current price.  I don't think you can just ignore the fact that a week ago people thought their 100 btc were worth $3000 in their pocket, and today that could only be $1500 in their pocket.

    It is 100% accurate, it just leaves out information about what is possibly considered a major spike & correction

    The same bit of information must be left out if you say it's going "up up up".

    Bitcoins are going UP UP UP! Except when they're not, like right now.
Page 1
Viewing Page: 2