Investing 102

[Tony_SS]

Originally Posted by Bucketlist2012

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.