Bitcoin Crashing

Time For Another Bitcoin Post – Down 40% in the last 2 hours

Bubble, no bubble? The markets are in rally mode and Bitcoin is tanking. I’m sure there’s no link, but still… MtGox is suffering under the weight and the exchange is having growing pains.

Bitcoin Crashing

So what’s a Bitcoiner to do? They just learned a few lessons, regular traders have been learning for decades.

  • What goes up goes down.
  • Weakness in the exchange creates a crisis of confidence.
  • Valuation is hard work.
  • Backstops limit volatility.

Good luck bitcoiner, cupcakes just got cheaper.