06 Jul '13, 1pm

Panic! Bitcoin is dieing! Price down to almost half!

Panic! Bitcoin is dieing! Price down to almost half!

Panic! Bitcoin is dieing! Mid 60s, price almost down to half! July 6 2013 This meme has been going around lately. 2010 lately. As soon as bitcoin had any value at all people decided it was too risky and should be avoided. Before that it was seen as a toy for cryptology enthusiasts and computer nerds. After the monumental rise to $265 a toy for venture capitalists. But what has changed about bitcoin? Not much. On the programming side there is enough to keep a large team busy for years to come just implementing the original ideas, while keeping up with new technology and hackers. As far as the core of the system, though, most of what Satoshi came up with in the famous paper is still holding solid. This is important to note. When we get into tense situations and the price drops people panic and sell their coins. This just makes it worsen and the price drops lower. Then a pers...

Full article: http://decentralizedhashing.com/2013/07/panic-bitcoin-is-...

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