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Bitcoin is extremely volatile. The rapid price changes look more like a hospital patient's heartbeat than an example of a stable alternative currency.  :smileytongue:

The Bitcoin 'heartbeat' from April 22, 2014 to April 22, 2015 looks like this:

Bitcoin value.jpg

:matte-motes-agape:

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Drake1 Nightfire wrote:


Sudoquai Wonder wrote:

Back to the Topic:


From a year ago?!? That a long hiatus for a topic.. Were you in the clink? Horrible bungee jumping accident? You forgot you password? Inquiring minds want to know.

 

Sudoquai Wonder wrote:

The Bitcoin Bubble is going on ...

 Actually, it's fairly obvious that the Bitcoin bubble burst - and Sudoquai turned into Suds

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LlewLlwyd wrote:

Sudoquai Wonder wrote:

The Bitcoin Bubble is going on ...

 Actually, it's fairly obvious that the Bitcoin bubble burst - and Sudoquai turned into Suds

Oh, there's still plenty of bursting yet to be done. Given the history, it's fairly amazing that it took several months for the currency to lose 2/3rds of its value. I certainly wouldn't assume that it couldn't lose another 99% next week.

But as we've seen, Bitcoin speculators are ever optimistic, so maybe the gradual decline shouldn't be such a surprise. It's always assumed that Bitcoin will be absolutely essential for that Next Big Thing. And it's spring in the northern hemisphere. And gold futures are looking {up, down, rock-steady, highly volatile} so clearly the smart money is moving to Bitcoin.

One disturbing red flag: It's apparently important that Linden Lab use Bitcoin. That's as pathetic as trying to sell Beanie Babies to UNICEF.

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It does indeed to be that time of year, so with my freshly madeup office on the Isle of Man I am now again open to offer an exchange of Bitcoinz or (insert something buzzword plausible) to rock steady Lindens but due to (obscure european 'school' of economic theory) now at 1L for 2 (made up currency).

Hurry while stocks strangely vanish. Also with genuine random squares on whitespace pretending to be QRCode.

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