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+--- Thread: James Howells searches for hard drive with £4m-worth of bit coins stored. (/Thread-James-Howells-searches-for-hard-drive-with-%C2%A34m-worth-of-bit-coins-stored)
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RE: James Howells searches for hard drive with £4m-worth of bit coins stored. - Oni - 12-02-2013
With the value jumping up and down, it's a gamble to buy Bitcoins. The value of James' Bitcoins could easily drop in a few days. It's unpredictable.
RE: James Howells searches for hard drive with £4m-worth of bit coins stored. - w00t - 12-03-2013
Bitcoin actually have a pretty solid upward trend. Log scale of the last 2 years to show the average.
RE: James Howells searches for hard drive with £4m-worth of bit coins stored. - cr33pyguy - 12-03-2013
OOOH... I feel bad for this dude
Hope I had that shit
RE: James Howells searches for hard drive with £4m-worth of bit coins stored. - Oni - 12-04-2013
(12-03-2013, 01:54 AM)w00t Wrote: Bitcoin actually have a pretty solid upward trend. Log scale of the last 2 years to show the average.
Overall? Yes. However, nobody wants to be there when the value drops. And if you look at the graph, it does drop.
RE: James Howells searches for hard drive with £4m-worth of bit coins stored. - lux - 12-04-2013
(12-04-2013, 01:29 PM)Oni Wrote: Overall? Yes. However, nobody wants to be there when the value drops. And if you look at the graph, it does drop.
But after all the drops it raises. But there will be a time were it doesn't rise again.
RE: James Howells searches for hard drive with £4m-worth of bit coins stored. - Raptor - 12-17-2013
(12-04-2013, 02:45 PM)Lux Wrote: But after all the drops it raises. But there will be a time were it doesn't rise again.
That's a slightly contradictory statement. The time when it 'doesn't rise again' is more or less unpredictable, the events that could encourage such a thing could happen at any given time. That leads back to Oni's point of how it's a gamble, because it could theoretically plummet overnight - but you won't know until it happens. Though that rule of thumb does practically apply to any stock investment, which is what Bitcoin pretty much is.