Thread: Investing 102
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Old 04-11-2013, 06:46 AM
Tony_SS Tony_SS is offline
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Quote:
Originally Posted by Bucketlist2012 View Post
Did I just read that Bitcoin went from 266 to 150 in one day ???

I don't follow or own it, but man that is a crash for sure..
Yes it did, big time! Amazingly Mike Adams, predicted it the day before it happened. And oddly someone called "Bitcoinbillionare" on Reddit was giving away over $13k in Bitcoins over the day. Mike is calling this a central bank stress test to determine how much it would take to crash the bitcoin market. And thus did just that and they achieved their goal: extreme price volatility has hurt bitcoin credibility. One does not just attempt to compete with the dollar and euro, and get away with it.
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