[ExI] Bitcoin

Mirco Romanato painlord2k at libero.it
Fri Apr 12 17:44:06 UTC 2013

Il 12/04/2013 13:51, Gordon ha scritto:

> Meanwhile, this market correction has turned into quite a rout. After
> flying as high as something like 266 USD, Bitcoin plummeted as low as
> about 65 USD. As I write this, it trades at about 77 USD.

It corrected 50% in august 2012.
It corrected 96% in 2011 at the bottom after the bubble.
But, for long term holders, it was always a good investment.
Who bought in 2011 before the bubble had, at least, quadrupled its value
at the following bottom.
Who bough at this bottom had quadrupled at the bottom of the 2012 (8$
against a top of 15$).
Now who bough at the bottom then have eight times more at this bottom of
50$ (or if it bough the top of 15$ he have four time more).
Even who bough at the top of 2011 (324) have doubled now, at this bottom.

I do not think anyone talked about a velveted cushioned smoothed travel
from 1 cent of $ to 1.000.000$.

As its bottom line grow, the swings should be less problematic.
Now, its market cap is less than what Uncle Ben throw from his
helicopter three times every day, all days, over the financial system to
"stabilize it".


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