26 Apr '13, 10pm

I Survived the Bitcoin Bubble: Two weeks ago, I was racked with indecision, my life at a

I Survived the Bitcoin Bubble: Two weeks ago, I was racked with indecision, my life at a

Sometime that afternoon, the bottom began to fall out of the market. Within a 10-minute period, as I watched trades being executed on Bitfloor, prices crashed from around $170 all the way down to $110. They rebounded later, and then began plummeting again. My heart was pounding. My future was crumbling. I really, really didn’t want to sell—I suspected the volatility was just a short-term thing, and that prices would soon begin to climb. On the other hand, I didn’t want to lose my shirt. I’d invested $1,000 in bitcoin, and given the apparent fragility of every site handling my money, there seemed to be a real possibility that I could lose it all. I put in a sell order during one of the bitcoin upswings. A few minutes later, to my relief, my order went through—I’d sold all my coins for an average of $163 each. I’d put $1027.50 into bitcoin (including the service fee I had to...

Full article: http://www.slate.com/articles/technology/technology/2013/...

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