So, Has Bitcoin Crashed Yet?

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I made a cheeky little website a few weeks back to give a quick answer to all the bitcoin naysayers, who are all predicting an imminent crash. I present: So, Has Bitcoin Crashed Yet?

So, has Bitcoin crashed yet?
Well, has it?

Visit it at:ย http://www.sohasbitcoincrashedyet.com/

For what it’s worth, I’m a borderline-naysayer as I don’t think that Bitcoin isย currently a viable, stable crypto-currency (and I’ve sold all the coins I purchased early in 2013). Bitcoin is currently used in the same way that stocks are, especially those that are heating up on a lot of hype and greedy palm smacking: it is purchased in fiat currency, held in the hopes of an increase in price and sold again, converting it back into a usable, fiat currency. For Bitcoin to be a currency, it needs to be used as a currency and not in the buy, hold, sellย ways that we are seeing.

That said: you can probably make a quick buck, but if you’re worried of rumours about it coming crashing down in a crazy frenzy of selling, you’ll know where it stands.

About the author

Werner van Rooyen

Formerly Business Development and Marketing at Luno (where we went from eight nerds in a tiny office to hundreds of people spread over three continents) and before that Marketing at PayFast. Currently investing, paragliding, and doing research, mostly in Mexico.

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About me

Werner van Rooyen

Formerly Business Development and Marketing at Luno (where we went from eight nerds in a tiny office to hundreds of people spread over three continents) and before that Marketing at PayFast. Currently investing, paragliding, and doing research, mostly in Mexico.