Sunday, April 7, 2013

Another bitcoin post is like a fish story--- the big one that got away

Yes, it is getting a bit tedious to study the phenomenon of bitcoin.

I went into the subject again for the last several hours.  I can say unequivocally that it is a pain in the posterior to do anything with bitcoin.

BUT, if I had known anything at all about bitcoin in March, I may have been tempted to buy in order to wait and see if there would be anything worth speculating in.  That is, if you have bought into bitcoin before the Cyprus news broke, you'd be sitting pretty about now.  Look at this market cap:

Market cap movement for bitcoin in just one month.  In mid-March, the Cyprus heist news just broke
If bitcoin is really in a bubble, and it may well be, that bubble could pop any minute.  The time to buy was before Cyprus, not after.


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