/biz/ - Business & Finance

>>554583

I dunno, I feel like the previous drop below $300 was pretty reactionary. It was also a very short amount of time. That drop was also months ago, and bitcoin has had a bit of positive signs since then, well besides the ever declining price.

To me, it doesn't really matter. The price volatility is going to frighten some people and it should. I'm in BTC long because I think regardless of whether people in the west take it up, it will be useful to people with shit currencies, as a tool in ecommerce, and wire transfers. Those things alone in the long run allow for gains. I'm also encouraged by the amount of 3rd party devs working on stuff, and the cobwebs being sorted out. That's usually a good sign. 2014 was never going to be a good year for BTC. Too many growing pains and uncertainty.

My 10 BTC is just locked up in a paper wallet. I'm actually just gonna try to forget about. I have phone alerts in case the price hits certain points.