Uh, no.
Bitcoin is not a house of cards. It is a more valid currency than USD in many respects.
Will the price take hit? Ya for sure, Silk Road is huge. But this isn't exactly the end of Bitcoin, that's retarded.
Topic: Havelock's HIM fund share price crashing - anybody know why? (Read 787 times)
Due to Silk Road being dismantled and owner arrested, the house of cards, that is Bitcoin, is crashing. No?
0.13 XBT --> 0.05 XBT / share today. I'm not aware of any breaking news or business fundamentals that would account for this. As a matter of fact, the HIM fund's mining hardware is rolling in and their dividend has shot up 600% in the last month. Weird.
Nervous Nellies over regulation and the BTCT thing?
I haven't looked at their published Financials in detail, and my opinion is just pure speculation and as a disclaimer I still hold a few shares.
It is my feeling that paying a fixed dividend with mining income diminishing exponentially and increasing expanses, while issuing new shares from time to time, can look like a bit like a Ponzi scheme.
It is my opinion that the smart investors are looking to pull out.
0.13 XBT --> 0.05 XBT / share today. I'm not aware of any breaking news or business fundamentals that would account for this. As a matter of fact, the HIM fund's mining hardware is rolling in and their dividend has shot up 600% in the last month. Weird.
Nervous Nellies over regulation and the BTCT thing?
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