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comment by mk
mk  ·  4270 days ago  ·  link  ·    ·  parent  ·  post: Understanding bitcoin

I think there is going to be a correction. It just jumped up to $66 today. I just sold 10% of mine for 1/2 of my initial investment. I'll hold onto that, and reinvest after the bubble pops.

If you are interested in buying some, I'd wait a few weeks. I'd be very surprised if it doesn't get down below $40 again. It could easily go as low as $20, I think. The value is climbing much faster than any developments suggest it should.





kleinbl00  ·  4269 days ago  ·  link  ·  

I'm not at all interested in buying any at the moment. Bitcoin seems to be the mother of all volatile commodities, especially as it's untraceable and already a favorite of the illicit crowd. I'm interested in learning more, but not in a "get rich quick" sort of way but more in a "this appears to be an inflection point to the world financial markets if done right" kind of way.

mk  ·  4269 days ago  ·  link  ·  

I hear that. I am genuinely interested in the latter, but trying my hand at the former too.

I was just saying to b_b that I give it a 30% chance that bitcoin matures into widespread use.