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chungy

Bitcoin is over $200 per coin

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Now the bitcoin is over $8000! Hah, and you thought dismissively that it would crash soon!!

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On 4/9/2013 at 9:37 PM, AndrewB said:

I think it's both incredibly overvalued and undervalued at the same time. Its potential value is thousands of times higher than it is today, and I believe the chance of it reaching its full potential value (between $100k and $1 million in today's money) is much better than 1%.

Still, a quadrupling in price of anything over a short few weeks virtually never holds.

It's a currency tadpole and it's going through some severe growing pains right now. It's totally plausible that it falls back to $10 per bitcoin before making its way to $10,000, but who the hell knows.

 

This post aged well.

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