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Topic: 2013-12-30 A Year In Bitcoin: Why We'll Still Care About The Cryptocurrency (Read 496 times)

legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Another biased article trying to spread scare stories about Bitcoin. It covers in detail the crash Bitcoin had when it declined from $1,200 to $700. But not a word on how it rose all the way from $15.

yep, the press loves the highs and lows but dont understands a shit.
legendary
Activity: 3766
Merit: 1217
Another biased article trying to spread scare stories about Bitcoin. It covers in detail the crash Bitcoin had when it declined from $1,200 to $700. But not a word on how it rose all the way from $15.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
It's been up, it's been down, but one thing's for sure: it's changed how we think about currency.

In mid-December 2013, Bitcoin took one of its most dramatic nosedives yet. Following a crackdown on yuan-to-bitcoin deposits in China, the price of one bitcoin dropped below as $540, less than half of its all time high in late November, $1,242. (It's since bounced back to around $730.)

Bitcoin’s true believers aren’t treating its latest gyrations as a cause for panic. It’s not the first time Bitcoin crashed hard, and it’s not going to be the last. But it’s a further reminder, in case you needed one, that Bitcoin is volatile, and what it’s supposedly worth today may bear no relation whatsoever to what it'll be worth tomorrow.

It’s been a big year for Bitcoin, the unlikely currency that started as a fad for cryptology nuts and ended as a mainstream obsession that had many of us all closely following its rollercoaster highs and lows. But the biggest impact of Bitcoin so far has not nothing to do with its actual value. Rather, the year of Bitcoin we've just been through has fundamentally changed the way we think about money.

Continues
http://readwrite.com/2013/12/30/bitcoin-may-fade-2014-prediction#awesm=~orBi2nhQ3cgji8
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