Thread: Investing 102
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Old 04-11-2013, 08:30 PM
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GregWeld GregWeld is offline
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Well === it didn't take long for the bubble to burst did it....



I'm always happy for anyone that scores - regardless of how they did it... My problem is with folks not having a clue about values of "things"... We all know housing can't double and triple every other year... we all know a 1969 Camaro CLONE (now called a tribute car) has no value at $200K.... yet somehow people get sucked in and sucked up.

Tony - I agree there is some value in the Bitcoin system... but the value has to be in trading the "coins" for goods and services... Not just trading the coins themselves. So I agree with you... it's too bad that there was a pile on affect that made this go crazy and if it falls back to "norm" ($30ish) then it will hurt the legitimacy of the entire system.

It's funny - people LOVE stuff when it's going up -- and when it comes back to "normal" they don't want to have anything to do with it (whatever it is).
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