MrMrsFX said: NN said: MrMrsFX said: *cough* ponzi scheme *cough* *cough*
Does it matter, if you bought in at $100 and it's $1,000 now? Just exit.
Befote I "exit"...
Explain the drop that happened in 2011, & how people shouldn't care?
this crash occurred because the exchange that performed 99% of the exchanges was hacked. There are now multiple exchanges, so the risk of this is spread between all of them.
" In 2011 the value of one Bitcoin rapidly rose from about $0.30 to $32, before falling back down to $2.00. "
completely irrelevant! it had a market cap of like $10,000,000 at the time not several hundred billion as a it does today. No one knew about it in 2011.
Or explain secure it is if it's funds have been stolen several times?
anything of value is always a target for theft
Or how about the "Bitcoin-mining trojans" infecting Mac OS X?
they don't just infect MacOS. Again, how many credit card scams are there?
Besides all that, it's just a matter of time until ALL governments learn how to tax it.
it is taxable now, just like any other investment.