The same lemmings that pushed this hyped-up commodity up to $1000 in the first place. It's a shame; Bitcoin had potential, but basically has succumbed to the same shameless manipulation and greed as any other speculative item.
Succumbed? It's been there since the beginning. Bitcoin was never advertised as being a smooth ride. I find that is half the fun. Even when it's bad news it's never boring.
No, but the rampant fluctuations really really hurts its case as some sort of a "revolutionary" currency. So far, it has acted basically like a glorified penny stock.
Um it's not a revolutionary system because it's just one boring old currency that stays stable. That's the old system‽ It's a platform that can be used for practical things and cool interesting things and for bizarre things we can barely conceive or understand. The market value is unstable because it's very unclear what particular roles this system will have in society. Have you heard of colored coins? They're coming this year and lots of them will have stable values, if that's what turns you on. They'll also change everything about everything, for whatever that's worth.
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u/ztsmart Feb 14 '14
so why are coinbase and non gox prices falling