Bitcoin tumbles 25% in hours

[moparal7]

http://www.zerohedge.com/news/2013-04-1 ... s-25-hours

[barrytrot]

Just like it went up.

There will be AT LEAST 1 dozen 25% moves over the next 2 years.

Investors be wary. Don't short and don't long Use them if you need to or want to but don't "invest"

[DTEJD1997]

perhaps the best way to deal with Bitcoins is to mine them.

But that is getting progressively more difficult I hear....

Maybe best if you can get free electricity. If I were in college dorm, I'd be mining 24x7, ahhahahaha

[barrytrot]

perhaps the best way to deal with Bitcoins is to mine them.

But that is getting progressively more difficult I hear....

Maybe best if you can get free electricity. If I were in college dorm, I'd be mining 24x7, ahhahahaha

Unless you buy an ASIC machine you are still wasting your time now and they are pretty pricey. This is a unit that is delivered in about a month:

http://www.ebay.com/itm/321102915914?ss ... 1438.l2649

Sold for $38,200. (No I was not the winner)

[DTEJD1997]

Hmmm:

Color me skeptical. if these machines could mine that much, AND bitcoins are worth that much, why would you sell them? Keep them for yourself and mine as much as you can. Or maybe keep them for two months, mine, and then sell them....Bitcoins are eventually all going to be mines.

Also, delivery in 1 month has a bad way of always being a couple of weeks away...

If they are as profitable as they say, the correct business is to mine them and not sell the mining machines.

[barrytrot]

They are real and have been confirmed to be really mining.

The reason you sell rather than mine is that Bitcoin prices are volatile. If you get out with a $38,000 pay day now you have zero risk. If you mine you take the risk.